Archive for August, 2016

Low-hanging fruit from tweet sentiment investing plucked: James Saft

August 31st, 2016

Low-hanging fruit from tweet sentiment investing plucked: James Saft
(Reuters) – It was fun while it lasted: the easy money from Twitter sentiment trading appears to have been already gathered.

Source
Reuters: Money

CANADA FX DEBT-C$ weakens to 3-week low as oil falls, economy contracts

August 31st, 2016

CANADA FX DEBT-C$ weakens to 3-week low as oil falls, economy contracts
(Adds analyst quotes, updates prices)
* Canadian dollar ends at C$1.3116, or 76.24 U.S. cents
* Loonie touches its weakest since Aug. 9 at C$1.3145
* Bond prices mixed across the maturity…

Source
Reuters: US Dollar Report

UPDATE 1-Mexico cenbank cuts growth view, warns of protectionism as Trump visits

August 31st, 2016

UPDATE 1-Mexico cenbank cuts growth view, warns of protectionism as Trump visits
MEXICO CITY, Aug 31 (Reuters) – Mexico’s central bank on
Wednesday lowered its growth outlook due to economic weakness in
the United States, and the bank’s governor warned that more
protectionism…

Source
Reuters: US Dollar Report

Apple tax windfall could help ease Ireland's debts says S&P

August 31st, 2016

Apple tax windfall could help ease Ireland's debts says S&P
By Abhinav Ramnarayan LONDON (Reuters) – A European Commission ruling that Apple Inc should pay Ireland up to 13 billion euros of back-dated taxes could help the country cut its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday. The European Union’s executive arm ordered Apple to pay the bill on Tuesday, ruling the iPhone maker had received illegal state aid. Although Apple and Dublin have said they will contest the decision, economists have nevertheless been trying to calculate the possible impact on Ireland’s finances.
Source
Stock Markets News Headlines – Yahoo! News

Wall St. ends lower on energy weakness

August 31st, 2016

Wall St. ends lower on energy weakness

Traders work on the floor of the NYSENEW YORK (Reuters) – Stocks ended lower on Wall Street on Wednesday, closing out the first negative month for the S&P 500 since February, as energy shares tracked oil prices lower.

Source
Stock Markets News Headlines – Yahoo! News

Cooperman on CNBC says U.S. equities 'fairly but fully valued'

August 31st, 2016

Cooperman on CNBC says U.S. equities 'fairly but fully valued'
NEW YORK (Reuters) – Hedge fund investor Leon Cooperman, the chief executive and chairman of Omega Advisors, said on Wednesday on CNBC that equity markets are “fairly but fully valued.”

Source
Reuters: Money

Investors pull most from U.S. stock funds invested abroad since May: ICI

August 31st, 2016

Investors pull most from U.S. stock funds invested abroad since May: ICI
NEW YORK (Reuters) – Investors took back the most money since May from U.S.-based funds that buy international stocks, further hemming in their exposure to Europe and Japan, Investment Company…

Source
Reuters: Money

FOREX-Dollar gives up gains, jobs data in focus

August 31st, 2016

FOREX-Dollar gives up gains, jobs data in focus
* Weak euro zone inflation adds pressure for more ECB action

(Recasts with market move, adds data details, updates prices)

Source
Reuters: US Dollar Report

Brazil's Rousseff pledges to keep fighting after impeachment

August 31st, 2016

Brazil's Rousseff pledges to keep fighting after impeachment
SAO PAULO, Aug 31 (Reuters) – Brazil’s former President
Dilma Rousseff pledged on Wednesday to appeal her impeachment,
which she called a parliamentary coup, and called on supporters
to fight a…

Source
Reuters: US Dollar Report

GLOBAL MARKETS-Energy shares fall on oil decline; U.S. yields set for monthly surge

August 31st, 2016

GLOBAL MARKETS-Energy shares fall on oil decline; U.S. yields set for monthly surge
* Oil prices hit more than two-week lows, U.S. stockpiles
data weigh

Source
Reuters: US Dollar Report