News with tag Stocks  RSS
Asia stocks fall on likely smaller Fed rate cut, pricier oil

22.07.2019 2:30

Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened Middle East tensions following Iran's seizure of a British tanker.


China's answer to the Nasdaq just started trading. One stock soared 500%

22.07.2019 2:18

China launched its latest bid for tech superpower status by opening a Nasdaq-style stock market in a frenzy of buying by investors.


Asia stocks dip on likely smaller Fed rate cut, oil gains

21.07.2019 20:56

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.


Americans still think they can make money flipping houses

21.07.2019 19:03

Many people say real estate is a better investment than stocks, bonds or gold—the real numbers show otherwise

Tags: Stocks, Gold, Money

Booming Philippine Markets Pin Hopes on Duterte for Next Rally

21.07.2019 18:00

(Bloomberg) -- When President Rodrigo Duterte delivers his annual speech to the nation on Monday, he’ll have plenty to brag about. The Philippine economy is among the fastest-growing in the world and markets are booming.But global risks are rising amid the prolonged trade war, and investors looking for the next leg of the market rally will scrutinize Duterte’s economic priorities as he embarks on the last half of his six-year term. Top on their minds are the $180 billion infrastructure program and new tax policies.“If Duterte hits the right notes, markets would have another leg to rally on," said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. “There’s great interest in these measures to be prioritized to sustain the kind of growth rates we’ve been seeing.”Duterte is scheduled to speak before lawmakers at about 4 p.m. in Manila., after market close.PesoIf history is any guide, there’s a big chance the peso will rise the day after the State of the Nation Address. The currency has risen in nine of the last 10 years, posting an average gain of 0.15%.“We remain bullish on peso and we would like to sell the dollar-peso on rallies,” said Qi Gao, a Singapore-based currency strategist at Scotiabank. The currency is among those that will benefit the most as the Federal Reserve’s dovish stance lures inflows, he said.The peso closed at 51.04 per dollar on Friday, near its strongest level since January 2018. The currency’s next resistance is at the 50 pesos a dollar, Gao said.StocksFor stocks traders, it may be bad news first before good news, according to three decades of data. On the day of the president’s speech, the benchmark Philippine Stock Exchange Index retreated about two-thirds of the time, and posted an average loss of 0.4%.The gauge recovered more than half of the time the day after since Congress was restored in 1987, posting an average gain of 0.3%. The trend will likely hold and given the current market momentum, the index will hit 8,500 sooner than later, according to Jun Calaycay, head of research at Philstocks Financial Inc., who called the bull market a week before it happened.“The market is used to Duterte’s controversial antics," Calaycay said. “But should he start talking about policy, regulation and his legislative agenda then that would be a plus.”Local BondsPhilippine peso bonds are outperforming peers in emerging-markets as the central bank embarks on interest-rate cuts. Ten-year bond yields fell below 5% this month from more than 8% in October.“Relative to the rest of EM world, the Philippines is an island of stability, continuing a pace of high growth and foreign investment,” said Edwin Gutierrez, head of emerging-market sovereign debt at Aberdeen Standard Investments in London, who remains long on Philippine bonds.Meanwhile, the government’s push to cut corporate income taxes will attract more foreign investors while the move to tax foreigners working in the offshore gaming sector will generate additional annual revenue, said Alan Atienza, treasurer at Philippine Bank of Communications in Manila.--With assistance from Lilian Karunungan.To contact the reporters on this story: Ditas Lopez in Manila at [email protected];Ian Sayson in Manila at [email protected] contact the editors responsible for this story: Cecilia Yap at [email protected], ;Tomoko Yamazaki at [email protected], Karl Lester M. Yap, Lianting TuFor more articles like this, please visit us at©2019 Bloomberg L.P.

The Week Ahead: With All Eyes On Earnings Watch These Two Stocks

21.07.2019 15:43

The late Friday market decline put more pressure on stocks this week as a large number of S&P 500 companies are scheduled to report. There are two stocks that Tom Aspray examines from a technical aspect and he thinks they may hold the key as to how the market closes the week.

Tags: Stocks

Stocks This Week: Sell Short Carmax And Keycorp

21.07.2019 8:07

The S&P 500 may be hitting a high; here are shorting recommendations.

Tags: Stocks

My No. 1 Strategy For The Next Crash (6.6%+ Dividends Ahead)

20.07.2019 16:24

What happens to a closed-end fund’s dividend when stocks take a tumble?

Tags: Stocks

Homebuilding’s Undeserved Bad Rap Makes Homebuilder Stocks Attractive

20.07.2019 11:27

The negativity continues and that is good news for investors

Tags: Stocks

Stocks close down after Iran seizes UK tanker

19.07.2019 21:25

Iran seized a British-flagged oil tanker Friday in the Strait of Hormuz amid growing tensions in the region.

Tags: UK, Oil, Stocks, Iran

Contact us