U.S. stock index futures pointed to a fractionally lower open (SPY -0.3%), as investors are looking at a fresh batch of corporate earnings reports, mixed U.S. economic data, while keeping an eye on oil prices and dollar movements. Crude prices traded at $46.22 and the U.S. dollar crashed to the lowest level in nearly eight weeks this morning.
Here is the current market situation from CNN Money
European markets are lower today with shares in Germany off the most. The DAX is down 0.82% while France's CAC 40 is off 0.66% and London's FTSE 100 is lower by 0.34%.
The first column is what was reported this morning. The second column is what analysts were expecting and the third column is the last report.
BEIJING (Reuters) - Apple Inc will boost its investment in China, one of its most important but increasingly difficult markets, and build its first Asia-Pacific research and development center in the country, Chief Executive Tim Cook said on Tuesday.
GENEVA/PARIS (Reuters) - The world's two largest jetmakers are bracing for the next round in a transatlantic spat over billions of dollars of aircraft subsidies, amid accusations of widening U.S. support for Boeing and persistent European aid to Airbus.
NEW YORK (Reuters) - Univision Holdings Inc has offered to acquire Gawker Media LLC, challenging a $90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S. internet publisher, people familiar with the matter said.
NEW YORK/FRANKFURT (Reuters) - U.S. industrial gas supplier Praxair Inc and German peer Linde AG have held initial talks about a merger to create a market leader with a value of more than $60 billion, people familiar with the matter said, sending shares in Linde more than 7 percent higher.
WASHINGTON (Reuters) - When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a top drug lord, it did more than just sideline one local businessman from the global financial system.
NEW YORK (Reuters) - Several big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock market rally in the current quarter.
Bloomberg's US Dollar index has tumbled most in a month to 3-month lows overnight - led by Yen and Swissy strength - as it appears the sudden realization that The Fed is on hold no matter what ripples across FX markets. Sept rate hike odds are back below 10% and even Dec odds are below 30% as a series of weaker than expected US macro data blows the recovery narrative...
And since the productivity data hit, rate hike odds have tumbled...
A knife-wielding 60-year-old man "with mental health problems" attacked passengers on a regional train in western Austria, seriously wounding two, police said. The attack is the latest in a string of knife assaults in Europe. The suspect was arrested.
The knife attack took place on a regional train traveling between the Austrian towns of Bludenz and Feldkirch in westernmost Vorarlberg province at around 6.30am local time on Thursday, AP reported. A police statement said that a 19-year old man suffered wounds to the stomach and back. The other victim, a 17-year old male, had a throat injury. Both were hospitalized.
Amoklauf in Zug in Vorarlberg: Deutscher sticht auf zwei Fahrgäste ein.https://t.co/MeIMQPwqpp pic.twitter.com/2InebXn9Ni
— Kronen Zeitung (@krone_at) August 16, 2016
Vorarlberg police spokeswoman Elisabeth Engelhardt said police were searching for a motive as they questioned the man but "at this point there is no knowledge" of a copycat attack. "We assume that the perpetrator is mentally confused," she said in an email.
After the train driver had alerted the emergency services, the attacker was arrested immediately once the train arrived at the nearest station. During arrest the assailant fought back, forcing the police to deploy pepper spray. A 22-year-old man who helped the officers during the arrest was slightly injured in his hand.
"The attacker obviously had mental problems," Horst Spitzhofer, spokesman for the Austrian police, said later in the day.
Soros bearish turn was reported over two months ago, when the WSJ reported that the recently hacked billionaire had returned to active investing at his Soros Fund Management with "Big, bearish" bets on economic turmoil. Yesterday, in his latest 13F we got confirmation of just that when the hedge fund revealed that it had doubled the amount of its SPDR Puts to 4 million, or a notional equivalent of $839 million as of June 30, up from $431 million as of Q1.
While the actual notional amount is a far cry from previous nominal holdings, which peaked in June 2014, as a percentage of total assets, the bearish bet - which comes with the usual caveat that this position was actual as of 45 days ago and so much may have changed since then - was near a record high as a percentage of total Soros assets, which in Q2 were $4.7 billion, down substantially from the Q2 2014 peak of $13.2 billion.
This bearish bias may explain the recent turmoil at Soros' hedge fund, where as reported last week, CIO Scott Bessent stepped down after only 8 months at the job.
And in other notable position moves, Soros Fund Management sharply cut its shares in gold in the second quarter. The fund reduced its holding ...
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