Absolutely, "said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Alcoa Inc, traditionally the first company to report its results, is scheduled to announce its third quarter earnings after the market closes on Oct. 8. "The single most determinant variable is going to be earnings at this point," said Mark Freeman, chief investment...» Read More
*Sky rallies after sources say Vivendi mulling takeover. PARIS, April 8- European shares rose in early trading on Wednesday, led by a rally in energy stocks after Royal Dutch Shell agreed to buy BG Group for 47 billion pounds in the first oil super-merger in a decade. Shares in BG jumped 39 percent, while Tullow Oil soared 10 percent, BP gained 4 percent, Repsol added 1.8...
SHANGHAI, April 8- Chinese investors, for the first time, on Wednesday used the entire 10.5 billion yuan daily investment quota granted for buying Hong Kong stocks under the Hong Kong-Shanghai Stock Connect scheme. The buying boosted the Hang Seng Index, which soared more than 3.7 percent. the Hang Seng China Enterprises Index of Hong Kong- listed mainland...
After last month's bull run, mainland stocks face tighter liquidity, as well as rising pressure of profit-taking, according to Qi Yifeng, analyst at consultancy CEBM Group Ltd in Shanghai. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent, to 4,295.80, while the Shanghai Composite Index gained 0.9 percent, to 3,994.81...
*Hong Kong, Chinese stocks make 7- year highs. SYDNEY, April 8- Japanese shares scaled 15- year peaks on Wednesday while Hong Kong's market leapt to seven-year highs amid speculation of more stimulus from China and Japan, as well as a delayed start to any tightening by the U.S. Just before the European open, Royal Dutch Shell said it had agreed to buy BG Group for 47...
*China CNR and CSR both surge 37 pct as Hong Kong reopens. Hong Kong stocks, trading for the first time since Thursday, reaching their highest since May 2008 as they played catch-up with mainland shares, which carry a 30 percent premium. Some liquidity is moving "as some wealthy individuals and hedge funds in China start investing in Hong Kong," said Qi Yifeng, analyst...
*Dollar holds broad gains, weighs on Wall Street. SYDNEY, April 8- Japanese shares scaled 15- year peaks on Wednesday while Hong Kong's market leapt to seven-year highs amid speculation of more stimulus from China and Japan, as well as a delayed start to any tightening by the U.S. Shanghai scored seven-year peaks and MSCI's broadest index of Asia-Pacific shares...
Most managers compete against the S&P 500, but the Dow Jones Industrial Average remains the granddaddy of stock indexes, for good reason.
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
3M on Tuesday reported fourth-quarter profit of $1.18 billion.
Rockwell Collins on Friday reported fiscal first-quarter net income of $167 million.
Kansas City Southern on Friday reported fourth-quarter earnings of $141 million.
Union Pacific on Thursday reported fourth-quarter profit of $1.41 billion.
Northern Trust on Wednesday reported fourth-quarter profit of $244 million.
Regions Financial on Tuesday reported fourth-quarter profit dropped by almost 4 percent to $211 million.
Jonathan Fenby, director of China research at Trusted Sources, discusses the Shanghai Index and its recent run, saying it will "probably continue" for a little while longer.
L Brands on Wednesday reported fiscal third-quarter net income of $131.8 million.
Korea and Taiwan may look developed, but MSCI won't consider including them in developed market indexes, sticking them with emerging market status.
Charlotte Croswell, CEO of NASDAQ OMX NLX, discusses the business strategy behind establishing a new exchange.
U.S. stocks fell as Ukraine weighed on sentiment and pushed investors to take profits in some of the market's biggest trading favorites.
"Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.