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Stocks Drop as Trump's Tariffs Rattle Markets President Trump's vow to impose tariffs on steel and aluminum next week rattled financial markets Thursday. Stocks, which had already been down for the day, slipped further after the White House announced the planned tariffs. The Standard & Poor's 500-stock index fell 1.2 percent to 2,682 Thursday ... Dow plunges more than 350 points after Trump says steel and aluminum tariffs coming next week - CNBC
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Markets Right Now: Talk of steel tariffs sink stock indexes NEW YORK (AP) — The latest on developments in financial markets (all times local):. 2 p.m.. Stocks are turning sharply lower in afternoon trading as talk of steep tariffs on steel and aluminum spook investors. The Dow Jones industrial average dropped as much as 500 points Thursday.
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Stock market searches for direction as traders decipher Powell testimony U.S. stock-market indexes switched between gains and losses on Thursday, after Federal Reserve chief Jerome Powell said he saw no signs of significant wage inflation as he testified before a Senate committee. Stronger-than-expected economic releases earlier lent support to markets, with the Institute ...
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Houlihan Lokey taps Blasco as capital markets MD MADRID–(BUSINESS WIRE)–Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Ignacio Blasco has joined the firm as a Managing Director in Capital Markets. He is based in Madrid. Prior to joining Houlihan Lokey, Mr. Blasco was a Managing Partner at Montalbán Debt ...
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US unemployment claims hit 48-year low as factory growth surges - as it happened Speaking in testimony before the Senate Banking Committee, the central bank head also said more gains can come in the labor market without causing harmful levels of inflation. The remarks are significant in that during Powell's remarks two days ago before the House Financial Services Committee ...
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Opinion: Stock market is driven by rational irrational exuberance an Jerome Powell, believe that economic fundamentals are strong, and that what stock markets experienced in early February was only a temporary hiccup. In this view, there is nothing keeping major central banks from carrying out "beautiful" (that is, gradual and painless) monetary-policy "normalization ...
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Global Financial Markets Forum Discusses Opportunities From China's Belt and Road Initiative First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, hosted a panel discussion to explore opportunities in China during the ninth Global Financial Markets Forum (GFMF), which concludes today.
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DAX Slides, as Global Stock Markets See Red The DAX index has posted sharp losses in the Thursday session. Currently, the index is trading at 12,271.50, down 1.32% since the Wednesday close. European markets have followed the lead of the Asian and North American stock markets, which posted losses in the most recent session. On the ...
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BMO Capital Markets Unloaded Major Position in EPD BMO Capital Markets unloaded a major position in EPD during the fourth quarter. It sold 10.5 million shares of EPD valued at $278.0 million. On the other hand, UBS Financial Services was the biggest buyer with 9.9 million shares. Among the top ten institutional holders in EPD, 7.3 million positions were ...
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Markets Right Now: US stock indexes open lower Losses in industrial and health care stocks are pulling major U.S. indexes lower in morning trading on Wall Street. Dental products supplier Patterson Companies plunged 23 percent in the first few minutes of trading Thursday after issuing weak quarterly results. The company also said its chief financial ...
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DAX finishes 2% lower as European stocks wrestle with earnings, US monetary policy Investors world-wide watch U.S. Treasury yields and Fed rate policy, as higher American interest rates tend to drive financial markets globally and as many companies do business in the word's largest economy. Read: 4 financial-market takeaways from Fed chief Jerome Powell's debut. Your browser ...
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Pakistan Confirms Inclusion on FATF's Terrorist Financing List in June Pakistan fears the designation will hurt its economy, deter foreign investments and take a toll on its access to the international financial markets. This is not the first time Pakistan will be added to the FATF's terrorist watch list. Pakistan was on the list from 2012 to 2015. U.S. motion. The recent designation ...
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AFME: financial institutions need to work collectively for long-term benefits The paper sets out potential future opportunities for utilities use across the capital markets, as well as the challenges that could prevent utilities from coming to market. The report also suggested the best practice principles for developing utilities for the industry, providing guidance for market participants, ...
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Bored Stock Traders in Dubai Cause Dwindling Market Volumes Dubai's stock market has lost its fascination for equity investors -- and there are no clear signs it's about to win back their attention anytime soon. ... on the emirate's main exchange fell to the lowest in almost five months on Thursday, data from the Dubai Financial Market compiled by Bloomberg show.
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New Mifid regulations slamming small advisories New EU financial market rules designed to protect consumers are having an uneven impact on smaller advisers and may even lead to the extinction of niche players who are unable to free themselves from the red tape. The Markets in Financial Instruments Directive II, or MiFID II, has been in place for ...
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Ex-Fed Chairman Alan Greenspan: 'We are in a bond market bubble' that's beginning to unwind "As real long-term interest rates rise, stock prices fall," but that's probably not the cause of the wild market swings, Greenspan tells CNBC. "The last few weeks are responding to the good part of the tax cut," he says. Greenspan says he's optimistic about growth in the short term due to the new GOP tax ...
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'A big step forward': National Bank CEO praises federal cybersecurity plan "We view this as a solid start to 2018 for National Bank as the bank continues to deliver on expense targets," said Eight Capital analyst Steve Theriault. "That said, the largest driver of the beat was the division the market is reluctant to pay for (Financial Markets) and Personal and Commercial earnings ...
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What you need to know on Wall Street today That's the chief takeaway from the financial paperwork Spotify filed Wednesday in advance of becoming a public company. Despite dominating the subscription music market, the company generates relatively little money per user, has to give away nearly all the money it generates to the big recording ...
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Rising bank funding costs in US may pose problem for Fed That spread has only traded at current levels on a few other occasions including in 2016 when money market reforms dramatically reduced demand for short-dated bank debt, in 2011 on concerns about European bank exposures to risky sovereign debt and during the financial crisis of 2007-2009.
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Core Principles for Getting Financial Reform Right The U.S. financial regulatory architecture is disjointed and balkanized. Having too many different regulators creates inefficiencies and increases costs for regulated institutions. It also prevents regulators from gaining a full understanding of the financial markets and addressing threats to systemic stability.
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Tudor Jones says US will 'regret' the tax cut Jones also raised red flags about financial markets. He predicted rising inflation, and a surge in the U.S. 10-year Treasury yield. In this environment, Jones said he wants to own commodities, hard assets and cash. "With rates so low, you can't trust asset prices today," Jones said in the Goldman interview.
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Asian Markets Mostly Lower (RTTNews.com) - Asian stock markets are mostly lower on Thursday after U.S. stocks extended losses overnight on concerns over interest rates and as crude oil prices fell. Investors are also cautious as Federal Reserve Chairman Jerome Powell is due to testify before the Senate Banking Committee ...
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How You Can Stay Profitable In This Wild Market As it pertains to the financial markets, convention has it that if there are stupid, irrational humans in the marketplace, they will be met with rational, smart humans who will take advantage of any irrational behavior, thus bringing the market back to rational levels. For example, if investors turn sour on shares ...
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Automation will drive interest rates higher, a new report concludes The piles of debt accumulated before the financial crisis have been redistributed rather than eliminated. A sudden rise in rates might hurt economic activity, and thus be self-limiting, if central banks have to reverse policy. Financial markets have translated low rates into high valuations. Equities are priced ...
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US monthly inflation picks up; jobless claims at 48-year low U.S. financial markets have priced in a rate increase this month. The Commerce Department said consumer prices as measured by the personal consumption expenditures (PCE) price index rose 0.4 percent. That was the biggest increase since September and followed a 0.1 percent gain in December.
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Reaching for bond income, yield may not be worth risk to retirement portfolios Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. Powell said recent market volatility will not influence Fed decision-making on raising interest rates.
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A top strategist compared money management to running a nuclear power station — and warned ... And for good reason: It turns out that investing in capital markets and running a nuclear power station might have more in common than at first blush. In a 121-page note on trust in asset management, Alliance Bernstein strategist Inigo Fraser-Jenkins and his team describe a "two-part revolution in asset ...
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Canadian stocks to buy in the current environment Brian Belski, chief investment strategist at BMO Capital Markets, noted that the TSX typically outperforms during periods of structurally rising inflation and interest rates, while a cyclically rising rate environment favours U.S. equities, and early cyclical stocks in Canada. Unfortunately for Canada, it appears ...
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Putin Vows to Lift Russia's Struggling Middle Class Oil prices plunged from more than $100 a barrel to less than $30, draining Russia's coffers. And international sanctions deprived Russian companies and financial institutions of access to capital markets. The result was a brutal recession that assailed the Russian middle class, sowing joblessness and ...
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Echelon Financial (EFH) Downgraded to Underperform at BMO Capital Markets Echelon Financial Holdings Inc logo BMO Capital Markets lowered shares of Echelon Financial (TSE:EFH) from a market perform rating to an underperform rating in a report published on Tuesday, February 20th. BMO Capital Markets currently has C$13.00 target price on the stock, down from their prior ...
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Is Financial Repression Over? Ever since President Trump was elected, the financial markets have deliberated whether the era christened as the New Normal by former Pimco executives Bill Gross and Mohamed El-Arian is over. In February, all it took was a whiff of inflation in the unemployment report for markets to reach the ...
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BMO Capital Markets Cuts Advantage Oil & Gas (TSE:AAV) Price Target to C$5.00 Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its price objective cut by BMO Capital Markets from C$5.75 to C$5.00 in a report issued on Tuesday, February 13th. Other equities research analysts have also issued research reports about the stock. Raymond James Financial dropped their target price ...
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BMO Capital Markets Analysts Give First Quantum Minerals (TSE:FM) a C$24.00 Price Target First Quantum Minerals logo First Quantum Minerals (TSE:FM) has been assigned a C$24.00 price target by BMO Capital Markets in a research note issued to investors on Tuesday, February 13th. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price target would ...
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How Geely's Li Shufu spent months stealthily building a $9 billion stake in Daimler A person with knowledge of the deal said Morgan Stanley had worked on the structure of the investments, helped Li build up his position in the secondary market and provided financing. The person asked not to be named because he was not authorized to speak to the media. Geely also hired two ...
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Fed's Dudley Says Trade Protectionism Is a 'Dead End' Mr. Dudley also said an important contribution the U.S. can make to the global economy is a strong financial system. "The United States has a special responsibility to keep its own house in order, given the large size of its financial markets and the U.S. dollar's status as a reserve currency," Mr. Dudley ...
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AmTrust Financial Files SEC Form 12b-25 ... and uncertainties, including, but not limited to, non-receipt of expected payments from insureds or reinsurers, changes in interest rates, a downgrade in the financial strength ratings of our insurance subsidiaries, the effect of the performance of financial markets on our investment portfolio, the amounts, ...
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Siegel Serves Up Some Sobriety Arguably the nation's foremost academic on equity markets, Siegel remains constructive. But like many, he believes financial markets are entering a new phase different from what investors have enjoyed for the last nine years. Advisors, he said, should expect the S&P 500 to end 2018 in positive territory ...
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This Morning's Technical Outlook on Investment Brokerage Stocks -- Virtu Financial, Greenhill ... US markets made broad based losses with all sectors finishing the day in red. Pre-market today, WallStEquities.com reviews these four Investment Brokerage - Regional stocks: Virtu Financial Inc. (NASDAQ: VIRT), Greenhill & Co. Inc. (NYSE: GHL), Raymond James Financial Inc. (NYSE: RJF), and Stifel ...
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Nasdaq and Extraordinary Re Sign Market Technology Agreement STOCKHOLM, Sweden and PRINCETON, N.J., March 01, 2018 (GLOBE NEWSWIRE) -- Nasdaq Inc. (Nasdaq:NDAQ) and Extraordinary Re signed a new market technology agreement for Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture. Extraordinary Re ...
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Bitcoin Is Falling Out of Favor on the Dark Web Of course, licit markets have the exact same vulnerability to swings in the price of bitcoin. But those markets—with their deep-pocketed investors and ties to the formal financial system—have come up with ways to avoid them. "Merchants who want to avoid volatility will still accept bitcoin or cryptocurrency, ...
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