Written by Gary
US stock futures rise ahead of manufacturing data (SPY +0.4%). Investors are looking for fresh signs of domestic demand in the world’s largest economy amid softening global growt
Here is the current market situation from CNN Money | |
European markets are lower today with shares in France off the most. The CAC 40 is down 0.13% while Germany’s DAX is off 0.08% and London’s FTSE 100 is lower by 0.04%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Credit Suisse clears CEO Thiam of spying on star bankerCredit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned to take responsibility. | |
Oil prices recover on lower output from U.S., Russia, OPECOil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains. | |
Futures rise ahead of manufacturing dataU.S. stock index futures gained on Tuesday ahead of the release of manufacturing data as investors looked for fresh signs of domestic demand in the world’s largest economy amid softening global growth. | |
Ford forms JV with Mahindra for India businessFord Motor Co and Mahindra & Mahindra will form a joint venture company in India valued at $275 million that will develop, market and distribute Ford branded vehicles in the country, the two companies said on Tuesday. | |
WPP poaches Sainsbury’s Rogers to be finance chiefAdvertising group WPP has poached John Rogers, the boss of Sainsbury’s Argos business and previously seen as a frontrunner to be the British supermarket group’s next CEO, as its new finance chief. | |
Facebook, Google, Amazon face another House inquiry: BloombergFacebook Inc, Amazon.com Inc and Alphabet Inc’s Google will face a congressional inquiry on how the big technology companies may be damaging the competitive landscape for small businesses, Bloomberg reported on Tuesday. | |
Strike hits Fiat Chrysler plant in Italy after death of workerA Fiat Chrysler worker died overnight in an accident at the group’s factory in Cassino, central Italy, prompting unions to launch a strike at the plant to demand tighter safety measures, officials said on Tuesday. | |
GE to provide world’s most powerful turbines for British wind projectGE Renewable Energy has been chosen as preferred supplier to provide turbines for Britain’s Dogger Bank offshore wind project being developed by SSE and Equinor , the companies said on Tuesday. | |
Exclusive: Comcast emerges as new Google antitrust foe – sourcesComcast Corp , one of America’s largest media and communications companies, is wading into the epic regulatory pile-on against big tech companies such as Google, according to people familiar with the matter. | |
“The Darkening Outlook For Trade Is Discouraging:” WTO Sharply Lowers Global Outlook Amid Trade Conflicts“The Darkening Outlook For Trade Is Discouraging:” WTO Sharply Lowers Global Outlook Amid Trade Conflicts A synchronized global downturn and an escalating trade war with China has prompted the World Trade Organization (WTO) to reduce its global growth forecasts for 2019 and 2020. World merchandise trade volumes are expected to only expand by 1.2% in 2019, substantially slower than the 2.6% growth forecast in April. The 2020 global growth forecast is expected to be 2.7%, down from 3% previously. | |
The Risk To The Bullish View Of A Trade DealThe Risk To The Bullish View Of A Trade Deal Authored by Lance Roberts via RealInvestmentAdvice.com, In this past weekend’s newsletter, I discussed the bullish view of a trade deal with China.Â
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US Stock Futures Levitate, Ignore Bond Market BlowoutUS Stock Futures Levitate, Ignore Bond Market Blowout In a session market by fireworks in the bond market, stocks were relatively tame and well-behaved as we officially entered the last quarter of the year. | |
“It’s Almost Impossible To Buy”: Japanese Bond Crash, Margin Call Send Shockwaves Around The Globe“It’s Almost Impossible To Buy”: Japanese Bond Crash, Margin Call Send Shockwaves Around The Globe For a dramatic preview of what will happen in the blink of an eye to all those record low interest rates without the backstop of central banks and ravenous pension fund buying, look no further than what happened in Japan overnight where bond futures suffered the biggest one-day crash since August 2, 2016, sliding as much as 0.97 yen to 154.05, and triggering margin calls for investors after the worst 10-year debt auction in three years. | |
Ford lets Mahindra take over the wheel of struggling India bizFord lets Mahindra take over the wheel of struggling India bizFord will transfer its India operations to the joint venture, including manufacturing plants & employees. | |
GST collection dips to a 19-month low in SeptGST collection dips to a 19-month low in SeptIn another sign of slump, GST collection dropped below Rs 1 lakh cr mark to Rs 91,916 crore for September. | |
Indiabulls probe report likely by end of monthIndiabulls probe report likely by end of monthMinistry of Corporate Affairs has been investigating three Indiabulls Group companies since about a year. | |
August 2019 CoreLogic Home Prices Rate Of Growth Marginally AcceleratesWritten by Steven Hansen CoreLogic’s Home Price Index (HPI) shows that home prices rose both year over year and month over month. Home prices increased nationally by 3.6% from August 2018. On a month-over-month basis, prices increased by 0.4% in August 2019.
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Want to be a whistleblower? Read this firstLegal experts and whistleblowers share advice on how to say something when you see something. | |
Beat the System: These ‘smart pajamas’ will track your breathing, heart rate and sleep patternsSleep-monitoring slumberwear is coming soon, scientists say. | |
TaxWatch: Imprisoned ex-NBA player misses his shot at fighting his tax bill ” and now he owes more than $36,000The IRS did Tate George’s taxes for him and he didn’t like the outcome. |
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