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.



19Dec2016 Market Close: Ho Hum Session, Trump Rally A No-Show Today, DOW Closed Up 40 Points

Written by Gary

Wall Street and the Trump Rally seemed to have taken the first day of the week off. Although the US markets closed in the green, it is a far cry from last weeks action and off the mornings highs. The US dollar closed near the session high (103.09), but crude prices remained in the high $53 handle.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

IMF's Lagarde guilty, but not punished, in French negligence trial

PARIS (Reuters) - French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while she served as France's finance minister in 2008, but imposed no punishment, citing her preoccupation at the time with the global financial crisis.

Wall Street trims gains after truck kills shoppers in Germany

(Reuters) - U.S. stocks reduced their gains on Monday after several people were killed by a truck driven into a Christmas market in Germany.

Exclusive: U.S. proposed $5-7 billion penalty for Credit Suisse on toxic debt - source

ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.

Murdoch denies pressuring UK prime ministers ahead of Sky submission

LONDON (Reuters) - Rupert Murdoch said on Monday he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his $14.6 billion bid for pay-TV group Sky .

Fed approves rule requiring banks to publicly disclose liquid assets

WASHINGTON (Reuters) - The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals.

U.S. charges Platinum Partners executives with $1 billion fraud

NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value.

Boeing's commercial jets unit to cut jobs in 2017

(Reuters) - Boeing Co's commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8 percent jobs the company has cut since the beginning of 2016.

Fed's Yellen trumpets education in changing economy

WASHINGTON (Reuters) - Changing technologies and globalization have put a premium on completing a college education in order to get and keep higher-paying jobs, Federal Reserve Chair Janet Yellen said on Monday.

Apple appeals against EU tax ruling, Brussels says no cause for low tax bill

BRUSSELS (Reuters) - Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies.

Auto Companies: Better With Batteries Not Included

Tesla and others should leave battery making to the experts. Powertrain technology may not be such a big selling point in the car of the future.

Chinese House Speculators Curb Their Enthusiasm

Chinese upmarket housing is rapidly cooling as regulators turn to risk control.

German Economy Gets in Festive Mood

Germany's widely watched Ifo index posted a strong showing in December, painting a hopeful picture for early 2017.

Earnings Outlook: Nike earnings preview: What to watch for as competition intensifies

Nike's second-quarter earnings could be impacted by competition from brands like Under Armour and changing trends.

The Wall Street Journal: Obama administration cracks down on coal mining near streams

The Interior Department on Monday issued a rule putting tighter restrictions on coal mining near streams, one of several environmental rules President-elect Donald Trump has targeted to undo once he takes office in January.

The Tell: Steve Eisman of 'The Big Short' fame says the stock market is entering a 'golden age' for banks

A gilded era for banks is about to get under way, says one famed hedge-fund investor.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

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
Minsky’s Theory of Asset Prices: Why Minsky Was NOT a Neo-Monetarist
The BuildZoom And Urban Economics Lab Index: Third Quarter 2016
News Blog
January 2017 Philly Fed Manufacturing Survey Significantly Improves and Remains In Expansion.
December 2016 Residential Building Sector Mixed
14 January 2017 Initial Unemployment Claims Rolling Average Improvement Continues
Stock Market Bull Faces Important Test
Infographic Of The Day: Movies That Struck Oil
Early Headlines: Asia Stocks Mixed, Dollar Steady, Oil Up, Top US Poll Priority Is Health Care, Tough Questions For Tom Price, Russia Has Buyer's Remorse, Mexico Fears Trump And More
Documentary Of The Week: Value And Thermodynamics
Can Serena Make It 23
Number Of Bitcoin ATMs By Country
How Old Is Our Moon?
Advantages And Disadvantages Of The EU According To Business Leaders
What We Read Today 18 January 2017
January 2017 Beige Book: Reading Between The Lines - Little Change in the Rate of Growth
Investing Blog
Technical Nuggets: Is There A Trump-Air Pocket Ahead?
Technical Thoughts: Three Trading Ideas
Opinion Blog
A New Deal With Capitalism Requires A Revolution In Politics And Markets
A Letter To Warren Buffett And Charlie Munger About Hiring Proven Whistleblowers
Precious Metals Blog
Four Catalysts Drive Gold And Silver For 2017
Live Markets
19Jan2017 Pre-Market Commentary: Wall Street To Open Flat, Building Permits Down, Philadelphia Fed Manufacturing Up, Jobless Claims Down
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





























 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 - 2017 Econintersect LLC - all rights reserved