econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



28Apr2016 Market Update: Wall Street Showing Weakness As The DOW Slips Further Into The Red, WTI Rests In The High 45's And Indicators Show Some Bearishness

Written by Gary

Wall Street retreats from today's (and yesterday's) session highs pushing equities fractionally downward. WTI crude pushes relentlessness higher toward the $48 resistance as the US dollar tests (again) its support. Short-tern indicators mildly negative and will probably react with crude prices.


Here is the current market situation from CNN Money

North and South American markets are mixed. The Bovespa is higher by 3.07%, while the IPC is leading the S&P 500 lower. They are down 0.63% and 0.07% respectively.

What Is Moving the Markets

Here are the headlines moving the markets.

Wall Street recovers as Facebook, M&A cushion BOJ shock

(Reuters) - The Nasdaq rose on Tuesday as strong results from Facebook and a flurry of dealmaking helped offset the impact of the Bank of Japan's surprising decision to hold off from expanding monetary stimulus.

U.S. economy stalls in first quarter as activity weakens broadly

WASHINGTON (Reuters) - U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market.

Warren Buffett's shareholder gala enters home stretch

NEW YORK (Reuters) - Warren Buffett, who pitched newspapers as a teenage delivery boy, may be entering the final stretch of his "Woodstock for Capitalists," after cutting back his involvement in the event and opening it up for an online audience.

Comcast to buy DreamWorks Animation for $3.8 billion

(Reuters) - Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood movie studio DreamWorks Animation SKG Inc for $3.8 billion to boost its family-friendly offerings and help it take on No. 1 player Walt Disney. Comcast's acquisition of DreamWorks Animation will add to Universal's film library major childrens' franchises such as "Shrek" and "Kung Fu Panda," which it could tap for its theme parks and consumer products businesses.

Truck sales drive record results at Ford; shares up

DETROIT (Reuters) - Ford Motor Co reported first-quarter net income that more than doubled thanks to robust deliveries of pickup trucks in North America and a profit rebound in Europe, but cautioned that results in the second half of the year would likely not be as strong.

Credit Suisse boss Thiam must show turnaround plan on track

LONDON/ZURICH (Reuters) - Credit Suisse investors want answers from CEO Tidjane Thiam about his turnaround plan in the wake of $1 billion of unexpected trading writedowns at the bank, which has lost more than a third of its value since he joined 10 months ago.

Abbott to buy St. Jude for $25 billion to boost heart devices

(Reuters) - Abbott Laboratories said on Thursday that it would buy St. Jude Medical Inc in a $25 billion deal to expand its heart device business, but investors worried that the acquisition would not pay off as promised.

VW sees light at end of tunnel after U.S. emissions deal

WOLFSBURG, Germany (Reuters) - Volkswagen , battling to rebuild its reputation following a scandal over rigged emissions tests, said on Thursday it could see light at the end of the tunnel following a deal with U.S. authorities last week.

Bombardier gains traction with big Delta order for CSeries jets

MONTREAL/ATLANTA (Reuters) - Bombardier Inc won a major order for its new CSeries passenger jets from Delta Air Lines on Thursday, potentially boosting the Canadian manufacturer's stature in global markets as it struggles to return to profitability.

Volume Collapses As China Commodity Exchanges Ordered To "Curb Speculation"

We have been warning about China's speculative commodity trading bubble - spewing false signals around the world about the strength of the real economy - and now, as we suggested previously, Chinese authorities have decided to burst yet another bubble they created.Reuters reports that China's Securities regulator has ordered three major commodity exchanges to "control intraday speculation in commodity markets," ordering them to "curb trading for investors with no commodity industry background." Volume has crashed... and just as it did in the equity markets, price will follow.

As Reuters reports, China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle.

In response, commodity futures exchanges in Dalian, Shanghai and Zhengzhou ordered major institutional investors that lack a commodities background to rein in their trading, three people with direct knowledge of the situation said. The sources didn't define what was meant by a lack of background in commodities.

Analysts said speculators have been betting that government plans for more infrastructure spending and signs of a pick up in the economy would fuel more demand for commodities.

Others suggested commodities futures markets were the only place left for speculators to make quick profits given weakness in stocks, bonds and housing.

The result...Party's Over!

Valeant: Swapping Scandal for Growing Pains

Investors will need patience as Valeant cleans house.

Facebook Results: Investors Like Living in Zuckerberg's World

Facebook's new class of shares is a reminder of Mark Zuckerberg's control, but the company's strong results mean investors don't mind.

Why the Bank of Japan Held Fire for Another Day

The Bank of Japan's lack of action caught markets by surprise. But that doesn't mean it is done easing.

Ford's F-150 bet pays off again

The redesigned truck, now in plenty supply, helps to boost Ford results.

The Tell: Could Comcast's $3.8 billion DreamWorks deal be a mistake?

Comcast Corp. said on Thursday it reached an agreement to buy DreamWorks Animation, just two days after reports surfaced, in a deal valuing the family entertainment company at $3.8 billion.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Consumers Carry Weak GDP Number Out of the Red
The Theory of the Monetary Circuit: A Critique
News Blog
Early Headlines: Asia Stocks Lower, Oil Soft, Japan Deflation Strengthens, Trade Backlash, Trump Fades, Veto Override Reconsidered, DB Could Take Down Merkel And Euro, Germany's "Adolfina" And More
What Are British People Most Proud Of
Trust In Mass Media Erodes
Shimon Peres Was An Israeli Nationalist First And A Peacemaker Second
Guessing Game: Valuations Of Trump's Fortune
What We Read Today 29 September 2016
This Mushroom Starts Killing You Before You Even Realize It
August 2016 Median Household Income Has Declined From The Beginning Of The Year
August 2016 Pending Home Sales Index Declines?
24 September 2016 Initial Unemployment Claims: Rolling Averages Continue to Improve.
Third Estimate 2Q2016 GDP Revised Upward. Corporate Profits Down.
The Terrorist Networks At Our Fingertips
Infographic Of The Day: Dubai Interesting Statistics And Facts
Investing Blog
Are You A Trader Or Investor?
Investing.com Technical Summary 29 September 2016
Opinion Blog
First: 'Over-Population End-of Times' Now: 'Shrinking Population Disaster'
The Federal Reserve Note
Precious Metals Blog
Where Silver Prices Are Headed Now After Fed's Latest Inaction
Live Markets
29Sep2016 Market Close: Wall Street Bracing For Major Turn Down If German Bank Fails, Crude Prices Rise Towards 50 Handle And US Dollar Showing New Strength
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved