Financial Market News
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Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Travelers Companies Inc . So this week we highlight one interesting put contract, and one interesting call contract, from the January 2017 expiration for TRV.
Over the weekend, Barry Ritholtz sat down with Wall Street legend Laszlo Birinyi for his Masters in Business program on Bloomberg Radio. But though the market is in what Birinyi sees as its final stage, we're not done yet, as we haven't gotten a real take-off, or what many in the market would call a "blow off top."
It was a sleepy day on Wall Street Monday ... unless you happened to be looking at some high profile tech stocks, especially shares of social media companies. Facebook fell 4 percent.
The Toronto stock market closed lower Monday as mining stocks fell alongside metal prices in the wake of weak industrial data from China. U.S. markets were uneven with the Dow Jones industrials up 43.63 points to 17,031.14, while the Nasdaq was down 48.7 points at 4,518.9 and the S&P 500 index slipped 1.41 points to 1,984.13.
U.S. stocks were mixed in the early the afternoon Monday, ahead of this week's potentially pivotal Federal Reserve meeting. The Fed is nearing the end of its bond-buying stimulus program, and investors will be looking for clues about when the central bank will start raising interest rates.
When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: "Considerable time." The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed's first increase in interest rates since it cut them to record lows in 2008.
The benchmark BSE Sensex tumbled over 185 points to dip below the 27,000-mark in early trade today on selling by funds and retail investors after industrial production growth slowed to 0.5% in July amid a weak trend in the Asian region. The 30-share barometer slipped below the 27,000-mark by falling 185.55 points, or 0.69%, to 26,875.49 with metal, FMCG, power, capital goods and IT stocks leading the fall.
World stock markets sank Monday on weak Chinese economic data as investors looked ahead to a U.S. Federal Reserve meeting and Scotland's independence referendum. KEEPING SCORE: Germany's DAX was little changed at 9,650.62 and France's CAC-40 declined 0.3 percent to 4,428.59.
Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy. The Australian dollar, considered a liquid proxy for China plays, also took a hammering and slumped to a six-month low.
Oil prices have dropped, resuming a downward tilt due to concerns about a mismatch between lofty petroleum supplies and tepid demand growth. US benchmark West Texas Intermediate for October delivery fell 56 cents to $92.67 a barrel on the New York Mercantile Exchange.
In this Sept. 24, 2014 file photo, a sheet of uncut $100 bills is inspected during the printing process at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.
America's central bank wraps up its two-day meeting on Wednesday and will subsequently outline its latest monetary policy. The Fed has been holding down the federal funds rate near zero since the financial crisis, but a strengthening economy has lead to speculation that it will raise rates sooner than later.
Stock investors who recognise the risks of trading in anonymous "dark pools" but are unwilling to spurn them have found an alternative: club together. A growing number of European investment funds have signed up to use an electronic trading system designed by one of their own - Finland's Pohjola Asset Management - which offers the ability to dissect and control the way their market bets are routed to dark pools and other exchanges across the region.
For a financial sector posting a double-digit rise in earnings and boasting large cash piles, reinsurers sure see a lot of storm clouds on the horizon. That's because they are facing what many see as an unprecedented problem: an abundance of reinsurance supply coupled with a lack of demand from insurance company clients that is driving up competition among reinsurers and driving down prices for all of them.
Students are facing a rising loan burden, and Oregon's state treasurer wants the state to be able to take on debt of its own to help them out. Ted Wheeler proposed a little-known measure that will appear on the November ballot.
The recent wobbly stretch in both stocks and bonds may persist for the short term if the U.S. Federal Reserve next week lives up to expectations and signals the days of near-zero interest rates are numbered, but it is unlikely to tip valuation scales in favor of bonds any time soon. Anxiety over the two-day Fed policy meeting, centered on expectations the central bank will likely drop its pledge to keep interest rates low for a "considerable time," was a primary driver behind stocks snapping a five-week winning streak this week and bonds absorbing their steepest losses in at least two months.
Updated: Tue Sep 16, 2014 03:03 am
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