US markets opened higher and have been trading sideways in the 'green' zone. The small caps are trading above one percentage point and the large caps are in the high 0.9%. Today's session is a nice beginning for the long awaited Santa Claus rally, time will tell if it has any longevity. Short-term indicators are moderately bullish, however, volume has dropped to near anemic levels.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The S&P 500 is up 0.97% while the IPC gains 0.22%. The Bovespa is even.
(From SA) What about the global economic view for 2016? Investor anxiety is definitely growing around the world, but the question is will it also hit the United States. Japan's faith in the radical reforms of Abenomics is failing, while China's growth is slowing. Latin America is also a mess - from Brazil's massive corruption scandal to Argentina's efforts to turn around its government. The mood doesn't get better in Europe, as the continent faces an economic and refugee crisis, and Britain threatens to leave the EU. On the political and security front, the implosion of the Middle East continues.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages.
(Reuters) - Barclays Plc will pay more than $13.75 million to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.
NEW YORK/LONDON (Reuters) - Oil prices jumped about $1 a barrel on Tuesday, as prospects of colder weather in coming weeks inspired buying a day after prices slid 3 percent, but slowing global demand and abundant supplies from OPEC members kept energy markets bearish.
LONDON (Reuters) - European stocks rose and euro zone bond yields edged up on Tuesday as oil prices stabilized above 11-year lows on the back of prospects for lower temperatures on both sides of the Atlantic.
FRANKFURT/HONG KONG (Reuters) - Deutsche Bank has agreed to sell its entire 20 percent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co - a deal worth up to $4 billion that will help lift its capital ratios.
BEIJING (Reuters) - Activity in China's manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world's second-largest economy to its slowest annual growth in a quarter of a century.
FRANKFURT (Reuters) - Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group's finance chief told the Financial Times.
TOKYO (Reuters) - Toshiba Corp , reeling from a $1.3 billion accounting scandal, said it intends to ask for a new 300 billion yen ($2.49 billion) credit line by the end of January to fund a large-scale restructuring.
Yesterday afternoon, Dealogic announced the for the first time in history, global announced M&A volume in 2015 would surpass $5 trillion. This record eclipses by 9% the previous all time high of $4.6 trillion set during the previous market bubble year of 2007.
The report adds that there were 10 $50 billion M&A transactions announced in 2015 worth a combined $798.9bn. That's five deals more than the previous record high activity set in 1998, 1999, and 2014. US targeted M&A ($2.5tr) accounts for half of 2015 volume and seven of the top 10 transactions.
Breaking down by total by sector, Healthcare ($723.7bn) and Technology ($713.1bn) were the leading sectors. The biggest deals announced in 2015 were Pfizer and Allergan's pending $160bn merger, followed by Anheuser-Busch InBev's $117.4bn bid for SABMiller, two of only eight $100bn+ transactions announced on record.
Below we show the table of the Top 10 deals is below, as well as a simplified chart:
Many have debated what has unleashed this unprecedented merger frenzy, even if the answer is simple: record low costs of debt have been used by management teams not only as a source of funding for record buybacks (pushing the acquiror's stock as a merger "currency" to all time highs), but also to fund ever greater portions of t ...
We are sure, just as many of the so-called "smartest men in the room" ignored him last time, so every status-quo-maintaining, asset-gathering, commission-taker will be quick to dissonantly shrug off Michael Burry's (the economic soothsayer from Michael Lewis' book "The Big Short") warnings this time.
As NYMag.com reports, in an email, which readers of the book will recognize as his preferred method of communication, the real-life head of Scion Asset Management answered some of questions about the state of the financial system, his ominous-sounding water trade, and what, if anything, we can feel hopeful about...
The movie portrays all of you as kind of swashbuckling heroes in some ways, but McKay suggested to me that you were very troubled by what happened. Is that the case?
I felt I was watching a plane crash. I actually had that dream again and again. I knew what was happening, but there was nothing I, or anyone else, could do to stop it. The last day of 2007, I couldn't come home. I was in the office till late at night, I couldn't calm down. I wrote my wife an email and just said, "I can't come home; it's just too upsetting what's happening, and I didn't want to come home to my kids like this." As for punishment of those responsible, borrowers were punished for their overindulgences — they lost homes and lives. Let's not forget that. But the executives at the lenders simply got rich.
Having collapsed to record lows last week, NatGas futures have soared almost 40% as record warm temperatures in the Northeast (and a record glut) have given way to forecasts of a "big weather pattern change" in January.
As The European Centre for Medium-Range Weather Forecasts notes, January will see a huge flip in temperatures compared to December...
From 'Hot' to 'Not'
And it appears February Nattie is pricing that demand in...
In fact, as WLKY reports, in past El Ninos that peaked early like this year and had the core the warm water in the Pacific out in the central part of the ocean... like this year... the last half of winter was much colder than the first half of winter 90% of the time.
The government is trying to get taxpayers off the hook for billions of dollars of potential losses if another mortgage crisis arrives and plans to ramp up sales of new securities that transfers potential losses to private investors.
According to new estimates derived from the monthly Current Population Survey (CPS) median annual household income in November 2015 was $56,746. This is comparable to the median income level of $56,714 in December 2007 when the Great Recession began. It compares to $56,688 for October 2015 and $54,172 for November 2014. The Sentier Household Income Index stands at 98.9 (January 2000 = 100.0) indicating that median household income in November 2015 was 1.1 percent lower than January 2000.
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