Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e


Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e
Asia stocks decline amid fears of slowing US economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing.

Mainland Chinese markets saw losses on the day. The Shanghai composite slipped 1.37 percent to close at 2,682.38 while the Shenzhen component declined 1.148 percent to finish its trading day at 8,125.63. The Shenzhen composite also declined 0.67 percent to close at 1,389.47..

Hong Kong’s Hang Seng index slipped 1.91 percent in its final hour of trading.

The moves came after Chinese inflation data for January missed expectations, coming in at 1.7 percent higher as compared to a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting China’s Consumer Price Index to come in at 1.9 percent higher on year. December CPI — a gauge of prices for goods and services — rose 1.9 percent over the same period.

Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments.

Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to end at 1,577.29. Shares of Japanese conglomerate Softbank Group fell 4.4 percent.

South Korea’s Kospi shed 1.34 percent to close at 2,196.09 as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix fell 3.05 percent and 4.65 percent, respectively.

Australia’s ASX 200 bucked the overall trend in the region as it rose 0.11 percent to close at 6,066.10. The energy subindex rose 0.76 percent as oil stocks mostly gained. Santos advanced 0.75 percent, Woodside Petroleum gained 1.49 percent and Beach Energy added 2.17 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


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Travelers are shelling out more to escape winter this year

Travelers eager to ditch the below-freezing temperatures that paralyzed a large part of the U.S. last month are paying more for their escape to warmer climes, data released on Thursday showed. ARC found ticket sales rose 3.6 percent and that travel agencies sold 3.6 million tickets for the top 10 destinations in the Caribbean and Mexico. “It shows airlines are able to increase airfares to leisure destinations,” said Henry Harteveldt, founder of Atmosphere Research Group, a travel consulting firm


Travelers eager to ditch the below-freezing temperatures that paralyzed a large part of the U.S. last month are paying more for their escape to warmer climes, data released on Thursday showed. ARC found ticket sales rose 3.6 percent and that travel agencies sold 3.6 million tickets for the top 10 destinations in the Caribbean and Mexico. “It shows airlines are able to increase airfares to leisure destinations,” said Henry Harteveldt, founder of Atmosphere Research Group, a travel consulting firm
Travelers are shelling out more to escape winter this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: leslie josephs, philipp laage, picture alliance, getty images
Keywords: news, cnbc, companies, shelling, destinations, travel, season, winter, mexico, fares, caribbean, rose, escape, sales, travelers, ticket


Travelers are shelling out more to escape winter this year

Adios, polar vortex. Hola, Cancun.

Travelers eager to ditch the below-freezing temperatures that paralyzed a large part of the U.S. last month are paying more for their escape to warmer climes, data released on Thursday showed.

Fares to warm-weather destinations throughout Mexico and the Caribbean rose 3.3 percent to $473 for travel between Dec. 1, 2018, and Feb. 28, 2019, compared with the year-earlier period, said the Airlines Reporting Corp., which tracks airline ticket sales from online and brick-and-mortar travel agencies.

More travelers are flying, too. ARC found ticket sales rose 3.6 percent and that travel agencies sold 3.6 million tickets for the top 10 destinations in the Caribbean and Mexico.

“It shows airlines are able to increase airfares to leisure destinations,” said Henry Harteveldt, founder of Atmosphere Research Group, a travel consulting firm.

Despite the uptick in fares this year, they’re down from years prior. For example, a round-trip ticket from the U.S. to Cancun, the top destination, is averaging $441 this season, down from $485.51 during the 2016-17 winter season and nearly $500 fares in the 2015-16 season.

Here are the top Caribbean and Mexico destinations for this winter season from the U.S., according to ARC:


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: leslie josephs, philipp laage, picture alliance, getty images
Keywords: news, cnbc, companies, shelling, destinations, travel, season, winter, mexico, fares, caribbean, rose, escape, sales, travelers, ticket


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Stocks in Asia mostly higher; Japan jumps more than 2 percent

Stocks in major Asian stock markets closed higher on Tuesday, with stocks in Japan leading in the region. Japan’s Nikkei 225 jumped 2.61 percent to close at 20,864.21, while the Topix gained 2.16 percent to finish its trading day at 1,572.60. The Shenzhen component rose 1.149 percent to close at 8,010.07 while the Shenzhen composite advanced 1.203 percent to finish its trading day at 1,364.15. LG Electronics gained 3.75 percent. The ASX 200 in Australia recovered from its earlier dip to close 0.


Stocks in major Asian stock markets closed higher on Tuesday, with stocks in Japan leading in the region. Japan’s Nikkei 225 jumped 2.61 percent to close at 20,864.21, while the Topix gained 2.16 percent to finish its trading day at 1,572.60. The Shenzhen component rose 1.149 percent to close at 8,010.07 while the Shenzhen composite advanced 1.203 percent to finish its trading day at 1,364.15. LG Electronics gained 3.75 percent. The ASX 200 in Australia recovered from its earlier dip to close 0.
Stocks in Asia mostly higher; Japan jumps more than 2 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: eustance huang
Keywords: news, cnbc, companies, trading, gained, stocks, higher, day, asia, close, shares, japan, rose, jumps, advanced, electronics


Stocks in Asia mostly higher; Japan jumps more than 2 percent

Stocks in major Asian stock markets closed higher on Tuesday, with stocks in Japan leading in the region.

Japan’s Nikkei 225 jumped 2.61 percent to close at 20,864.21, while the Topix gained 2.16 percent to finish its trading day at 1,572.60. Shares of Fast Retailing rose 3.01 percent while chip company Renesas Electronics skyrocketed 16.26 percent.

Mainland Chinese markets were higher in the day. The Shenzhen component rose 1.149 percent to close at 8,010.07 while the Shenzhen composite advanced 1.203 percent to finish its trading day at 1,364.15. The Shanghai composite also went up 0.68 percent to close at 2,671.89.

Hong Kong’s Hang Seng index was largely flat, as of its final hour of trading.

South Korea’s Kospi gained 0.45 percent to close at 2,190.47, as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix jumped 2.33 percent and 2.43 percent, respectively. LG Electronics gained 3.75 percent.

The ASX 200 in Australia recovered from its earlier dip to close 0.3 percent higher at 6,079.10 as the sectors mostly rose. The energy subindex gained 1.22 percent as shares of oil companies advanced. Santos was up 1.89 percent, Woodside Petroleum advanced 0.58 percent and Beach Energy rose 2.11 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: eustance huang
Keywords: news, cnbc, companies, trading, gained, stocks, higher, day, asia, close, shares, japan, rose, jumps, advanced, electronics


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Dutch staffing company Randstad’s fourth-quarter earnings beat estimates

The Dutch company, which trails Swiss rival Adecco, earlier reported a 1 percent rise in fourth-quarter underlying earnings, slightly ahead of analysts’ estimates, but said it expects its gross margin to be modestly lower in the first quarter. In the United States, where Randstad operates the Monster jobs site, sales rose 3 percent. Overall, fourth quarter sales rose 0.3 percent to 6.1 billion euros, meeting forecasts. The group posted fourth-quarter underlying earnings of 309 million euros ($34


The Dutch company, which trails Swiss rival Adecco, earlier reported a 1 percent rise in fourth-quarter underlying earnings, slightly ahead of analysts’ estimates, but said it expects its gross margin to be modestly lower in the first quarter. In the United States, where Randstad operates the Monster jobs site, sales rose 3 percent. Overall, fourth quarter sales rose 0.3 percent to 6.1 billion euros, meeting forecasts. The group posted fourth-quarter underlying earnings of 309 million euros ($34
Dutch staffing company Randstad’s fourth-quarter earnings beat estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, thats, estimates, company, randstads, million, fourthquarter, revenue, sales, beat, earnings, staffing, rose, underlying, euros, randstad, dutch


Dutch staffing company Randstad's fourth-quarter earnings beat estimates

Randstad on a journey of organic growth fueled by digitalization, CEO says 1 Hour Ago | 02:14

The chief financial officer of Randstad, the world’s second-largest staffing company, on Tuesday said a slide in major European markets seen late last year had stabilized at the beginning of 2019.

The Dutch company, which trails Swiss rival Adecco, earlier reported a 1 percent rise in fourth-quarter underlying earnings, slightly ahead of analysts’ estimates, but said it expects its gross margin to be modestly lower in the first quarter.

Group revenue in the last three months of 2018 was hit by industrial heavyweights Germany and France, where sales fell 4 and 7 percent respectively, chief financial officer Henry Schirmer said in an interview.

“We definitely see in Germany, France a big impact from automotive,” he said. “Manufacturing overall has come down and that’s the same in Spain and Italy. That’s stabilizing now, at least in January.”

In the United States, where Randstad operates the Monster jobs site, sales rose 3 percent.

Overall, fourth quarter sales rose 0.3 percent to 6.1 billion euros, meeting forecasts.

“In January 2019, revenue increased at a similar pace. The development of volumes in early February indicates a continuation of the January growth trend,” Randstad said in its outlook.

The group posted fourth-quarter underlying earnings of 309 million euros ($348.55 million), compared with 305 million euros a year earlier. Analysts polled by the company had expected earnings before interest, taxation and amortization (EBITA) of 305 million euros.


Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, thats, estimates, company, randstads, million, fourthquarter, revenue, sales, beat, earnings, staffing, rose, underlying, euros, randstad, dutch


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Asia Markets: Trump’s State of the Union address in focus

Asia shares mostly rose Wednesday as investors digested U.S. President Donald Trump’s State of the Union address. In Japan, the Nikkei 225 gained 0.14 percent to close at 20,874.06 while the Topix index slipped 0.05 percent to 1,582.13. Still, the so-called Big Four banks in Australia stumbled followed gains in the previous session. The session in Asia followed gains on Wall Street overnight as other major markets in the region remained closed for public holidays. In his State of the Union addre


Asia shares mostly rose Wednesday as investors digested U.S. President Donald Trump’s State of the Union address. In Japan, the Nikkei 225 gained 0.14 percent to close at 20,874.06 while the Topix index slipped 0.05 percent to 1,582.13. Still, the so-called Big Four banks in Australia stumbled followed gains in the previous session. The session in Asia followed gains on Wall Street overnight as other major markets in the region remained closed for public holidays. In his State of the Union addre
Asia Markets: Trump’s State of the Union address in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, gains, asia, trumps, state, shares, session, union, followed, countrys, focus, gained, address, markets, investigations, rose


Asia Markets: Trump's State of the Union address in focus

Asia shares mostly rose Wednesday as investors digested U.S. President Donald Trump’s State of the Union address.

In Japan, the Nikkei 225 gained 0.14 percent to close at 20,874.06 while the Topix index slipped 0.05 percent to 1,582.13.

Australian shares retraced early losses as the country’s benchmark ASX 200 rose 0.34 percent to close 6,026.1.

Still, the so-called Big Four banks in Australia stumbled followed gains in the previous session. Shares of ANZ were down 1.68 percent, Commonwealth Bank lost 1.36 percent, Westpac shed 1.24 percent and the National Australia Bank fell 1.4 percent. On Tuesday, banking stocks had gained after a special government-appointed inquiry into Australia’s financial sector did not recommend breaking up any of the banks or interfering in the way they lend money.

The session in Asia followed gains on Wall Street overnight as other major markets in the region remained closed for public holidays.

In his State of the Union address, Trump claimed the only things that can stop a strong U.S. economy “are foolish wars, politics or ridiculous partisan investigations.” He faces a slew of investigations from the new House Democratic majority and warned the party against coming probes into his policies and personal finances.

Trump also announced he will meet North Korean leader Kim Jong Un in Vietnam at the end of February as part of his administration’s efforts to roll back the country’s nuclear program.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, gains, asia, trumps, state, shares, session, union, followed, countrys, focus, gained, address, markets, investigations, rose


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Oil ticks higher as investors remain worried over global economic outlook

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains. International Brent crude oil futures were at $62.05 per barrel, up 7 cents, after closing down 0.8 percent in the previous session. Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening. However, U.S. crude stocks rose last week even as refineries boosted output, whi


Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains. International Brent crude oil futures were at $62.05 per barrel, up 7 cents, after closing down 0.8 percent in the previous session. Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening. However, U.S. crude stocks rose last week even as refineries boosted output, whi
Oil ticks higher as investors remain worried over global economic outlook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: essam al-sudani
Keywords: news, cnbc, companies, economic, stocks, crude, outlook, ticks, barrels, oil, remain, prices, week, worried, million, higher, global, investors, market, rose


Oil ticks higher as investors remain worried over global economic outlook

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.

U.S. West Texas Intermediate (WTI) crude futures were at $53.74 per barrel at 0153 GMT, up 8 cents from their last settlement. They closed down 1.7 percent on Tuesday.

International Brent crude oil futures were at $62.05 per barrel, up 7 cents, after closing down 0.8 percent in the previous session.

Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening.

With a nervous market, traders are focused on the U.S. State of the Union address by President Donald Trump.

“Anything out of the State of the Union that hints at the U.S.-China deal not working out, or more anti-trade rhetoric would be a negative for energy prices as demand would be lower if global growth keeps being downgraded,” said Alfonso Esparza senior market analyst, OANDA.

U.S. sanctions on Venezuela have been viewed as supportive for prices by helping tighten global supplies. A flotilla loaded with Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay.

The Organization of the Petroleum Exporting Countries and its allies, including Russia, agreed to production cuts effective from last month to beat back supply growth.

However, U.S. crude stocks rose last week even as refineries boosted output, while gasoline and distillate stocks increased, data from industry group the American Petroleum Institute showed on Tuesday.

Crude inventories rose by 2.5 million barrels in the week ended Feb. 1 to 448.2 million, compared with analysts’ expectations for an increase of 2.2 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 889,000 barrels, API said.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: essam al-sudani
Keywords: news, cnbc, companies, economic, stocks, crude, outlook, ticks, barrels, oil, remain, prices, week, worried, million, higher, global, investors, market, rose


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Gold prices near one-week lows as investors turn to riskier assets

Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data. Spot gold was steady at $1,313.95 per ounce at 0349 GMT. “There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to


Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data. Spot gold was steady at $1,313.95 per ounce at 0349 GMT. “There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to
Gold prices near one-week lows as investors turn to riskier assets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: umit bektas
Keywords: news, cnbc, companies, oneweek, supported, turn, strong, dollar, investors, 01, rose, steady, week, riskier, gold, assets, lows, fed, prices, near, session


Gold prices near one-week lows as investors turn to riskier assets

Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data.

Spot gold was steady at $1,313.95 per ounce at 0349 GMT. Prices in the last session fell to their lowest since Jan. 29 at $1,308.20.

U.S. gold futures dipped 0.1 percent to $1,318.40 an ounce.

Trading was muted in Asia with many markets closed for much of the week for Lunar New Year holidays.

“Gold fell overnight as bond yields ticked up and the dollar was also strong due to a risk-on environment,” said Jeffrey Halley, senior market analyst, OANDA.

“There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. The focus would be more on the U.S. earnings season due to the absence of China for the whole week.”

The dollar held on to recent gains against its peers on Tuesday, supported by the recovery in investor risk appetite.

Spot gold rose to its highest since late April at $1,326.30, last week, after the U.S. Federal Reserve kept interest rates steady and said it would be patient on further hikes amid a suddenly cloudy outlook for the U.S. economy due to global growth concerns and the U.S.-China trade dispute.

However, solid U.S. jobs data that came out on Friday allayed concerns of an immediate slowdown in the U.S. economy.

The central bank may need to raise interest rates a bit further if the economy does well, Cleveland Fed President Loretta Mester said on Monday.

“It seems to us that investors will need to get more signals before getting more aggressive in (acquiring long positions in gold), which won’t come until $1,360 or so,” analysts at TD Securities said in a research note.

“Despite the fact that the Fed has gone dovish, they could still hike one more time.”

Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to 813.29 tonnes on Monday. Holdings have fallen for a second straight session.

Among other precious metals, palladium gained 0.2 percent to $1,367 per ounce.

Silver rose 0.1 percent to $15.88, while platinum dipped 0.1 percent to $817.00.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: umit bektas
Keywords: news, cnbc, companies, oneweek, supported, turn, strong, dollar, investors, 01, rose, steady, week, riskier, gold, assets, lows, fed, prices, near, session


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Australian dollar reverses losses after RBA holds rates

The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected. The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions. It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions. “It will be hard for the Australian dolla


The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected. The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions. It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions. “It will be hard for the Australian dolla
Australian dollar reverses losses after RBA holds rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amr abdallah dalsh
Keywords: news, cnbc, companies, weaker, dollar, rates, rose, rise, view, trade, reverses, yen, rba, strategist, losses, session, australian, holds


Australian dollar reverses losses after RBA holds rates

The dollar held on to recent gains against its major peers on Tuesday, supported by a recovery in investors’ risk appetite, which gave an overnight boost to U.S. yields.

The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year but sounded less dovish than expected.

The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions.

“The overly pessimistic view on developed economies and the overly dovish view on the (Federal Reserve) is being unwound,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.

Trading was likely to remain subdued in Asia with many markets across the region closed for Lunar New Year holidays for much of the week.

The index rose 0.7 percent after dipping last week below its 200-day moving average for the first time since early January 2018.

It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions.

Yields have climbed after MSCI’s gauge of global stocks hit a two-month high on Monday as optimism over recently concluded U.S.-China trade talks helped send U.S. technology and industrial shares higher.

The Aussie was last up 0.4 percent at $0.7255 about 50 minutes after the RBA’s decision.

It had traded in negative territory during most of the session after retail sales for December came in weaker than expected.

“The key message from the RBA seems clear – that they have noted the weaker global outlook, ongoing steep declines in Sydney and Melbourne house prices and concede that the third quarter GDP (gross domestic product) report was a fizzer,” said Sean Callow, Sydney-based senior currency strategist at Westpac.

Some market players are still expecting a rate cut later this year due to mounting signs of economic weakness.

“It will be hard for the Australian dollar to close above $0.7300 given the stubbornness of rates markets still pricing in considerable chance of RBA easing this year, premised on the RBA simply being too optimistic,” said Callow.

The euro was flat at $1.1438, off three-week high of $1.15145 set on Thursday.

Against the Japanese yen, the dollar rose a tad to 109.93 yen. It had risen above 110 yen for the first time since Dec. 31 overnight.

“There’s further room to rise for the U.S. two-year yield. If this move continues, dollar/yen will rise above 110 again,’ said Mizuho’s Yamamoto.

Sterling was flat at $1.3038 after seesawing during the previous session on uncertainty over the way Britain will leave the European Union.

In late Monday trade, sterling gave up gains made earlier in the day after a newspaper report said that goods shipped to Britain from the European Union could be waved through without checks in the event of a “no-deal” Brexit.

The Canadian dollar was a shade weaker against the greenback.

It fell one tenth of a percent overnight, reversing some of last week’s rally, as oil prices fell and the greenback broadly climbed.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: amr abdallah dalsh
Keywords: news, cnbc, companies, weaker, dollar, rates, rose, rise, view, trade, reverses, yen, rba, strategist, losses, session, australian, holds


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Stocks making the biggest moves midday: Estee Lauder, Ralph Lauren, Alphabet & more

Check out the companies making headlines midday Tuesday:Estee Lauder — Shares of Estee Lauder jumped more than 13 percent after the company reported better-than-expected earnings and revenue. Ralph Lauren — Shares of the fashion company surged more than 10 percent Tuesday after it posted better than expected holiday quarter. Etsy — Shares of the specialty e-commerce company rose 9 percent after KeyBanc Capital Markets said spending on Etsy’s website accelerated by 240 basis points in January. Al


Check out the companies making headlines midday Tuesday:Estee Lauder — Shares of Estee Lauder jumped more than 13 percent after the company reported better-than-expected earnings and revenue. Ralph Lauren — Shares of the fashion company surged more than 10 percent Tuesday after it posted better than expected holiday quarter. Etsy — Shares of the specialty e-commerce company rose 9 percent after KeyBanc Capital Markets said spending on Etsy’s website accelerated by 240 basis points in January. Al
Stocks making the biggest moves midday: Estee Lauder, Ralph Lauren, Alphabet & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: fred imbert
Keywords: news, cnbc, companies, lauren, stocks, making, tepper, shy, ralph, earnings, lauder, company, alphabet, biggest, quarter, shares, revenue, rose, forecasts, midday, estee, moves


Stocks making the biggest moves midday: Estee Lauder, Ralph Lauren, Alphabet & more

Check out the companies making headlines midday Tuesday:

Estee Lauder — Shares of Estee Lauder jumped more than 13 percent after the company reported better-than-expected earnings and revenue. Estee Lauder also raised its earnings guidance for 2019.

Ralph Lauren — Shares of the fashion company surged more than 10 percent Tuesday after it posted better than expected holiday quarter. Ralph Lauren raised its full-year guidance, citing strength in sales in China.

Archer-Daniels Midland — The grain processor dropped more than 5 percent in midday trading after coming in four cents shy of estimates in the fourth quarter. Revenue was also short of Wall Street forecasts. ADM pointed to complicated and rapidly changing market conditions that put pressure on its fourth-quarter results.

Etsy — Shares of the specialty e-commerce company rose 9 percent after KeyBanc Capital Markets said spending on Etsy’s website accelerated by 240 basis points in January.

Glu Mobile — Shares of the mobile gaming company tanked more than 12 percent following a disappointing quarterly result and weak forecast. While its revenue increased 19 percent in the fourth quarter, that was short of consensus.

Merck — The Dow Jones Industrial Average component rose 0.7 percent after an analyst at Bank of America Merrill Lynch named Merck its top pharmaceutical pick. The analyst cited the growing success of Keytruda, a drug used to treat cancer, as one of the company’s positive catalysts moving forward.

Alphabet — The parent company of Google fell about 1 percent after revealing declining advertising prices as well as rising costs. This was enough to overshadow the release of better-than-expected earnings and revenue for Alphabet.

Gilead Sciences — Gilead fell 2 percent after reporting quarterly profits shy of consensus forecasts. The drug maker’s revenue did beat forecasts, but it saw sales of its hepatitis C treatments continue to decline.

Allergan — Allergan shares rose half a percent after hedge fund manager David Tepper increased pressure on the struggling drugmaker. In a letter to investors, Tepper said: “It should by now be readily apparent to all interested and responsible parties that Allergan requires a fresh approach.”

—CNBC’s Yun Li , Kate Rooney and Michael Sheetz contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: fred imbert
Keywords: news, cnbc, companies, lauren, stocks, making, tepper, shy, ralph, earnings, lauder, company, alphabet, biggest, quarter, shares, revenue, rose, forecasts, midday, estee, moves


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Google no longer considers Microsoft Cortana a competitor

In the rapidly growing virtual assistant market, Google is no longer worried about Microsoft Cortana. The deletion suggests that, in the digital assistant market, Google is seeing Amazon Alexa and Apple Siri continue to gain adoption, but not Cortana. Google announced the Google Assistant in 2016 and started making it available in Android phones later that year. Google Assistant is now available on more than 1 billion devices, a Google spokesman said in an email. Google is aggressively promoting


In the rapidly growing virtual assistant market, Google is no longer worried about Microsoft Cortana. The deletion suggests that, in the digital assistant market, Google is seeing Amazon Alexa and Apple Siri continue to gain adoption, but not Cortana. Google announced the Google Assistant in 2016 and started making it available in Android phones later that year. Google Assistant is now available on more than 1 billion devices, a Google spokesman said in an email. Google is aggressively promoting
Google no longer considers Microsoft Cortana a competitor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: jordan novet, michael short, bloomberg, getty images, amazon
Keywords: news, cnbc, companies, cortana, rose, market, marketing, speaker, competitor, longer, spending, considers, google, assistant, amazon, microsoft


Google no longer considers Microsoft Cortana a competitor

In the rapidly growing virtual assistant market, Google is no longer worried about Microsoft Cortana.

In its 2018 annual report, which was published on Tuesday, Alphabet tweaked a line about competitors, removing Microsoft while keeping Amazon and Apple. The deletion suggests that, in the digital assistant market, Google is seeing Amazon Alexa and Apple Siri continue to gain adoption, but not Cortana.

Microsoft introduced Cortana in 2014 and incorporated it into Windows in 2015. Google announced the Google Assistant in 2016 and started making it available in Android phones later that year.

Google Assistant is now available on more than 1 billion devices, a Google spokesman said in an email. In June Microsoft said Cortana had more than 150 million users.

In addition to the Google Home, Google’s voice-powered technology is baked into devices from other hardware makers like JBL, and speaker maker Sonos is planning to bring Google Assistant to its products. Microsoft has not introduced a Cortana-enabled speaker of its own, although Samsung subsidiary Harman Kardon has released a speaker with Cortana inside.

Microsoft’s head of Cortana, Javier Soltero, left in November. Andrew Shuman, a corporate vice president who has been at Microsoft for more than 25 years, is now in charge of the company’s assistant.

Google is aggressively promoting the Google Home, just as Amazon dramatically steps up its ad spending, including for the Echo. Alphabet’s sales and marketing costs rose rose about 12 percent to $16.3 billion in 2018, in part because of increased spending for marketing related to Google Assistant, Tuesday’s filing said.

WATCH: Amazon and Google are becoming omnipresent whether you like it or not


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: jordan novet, michael short, bloomberg, getty images, amazon
Keywords: news, cnbc, companies, cortana, rose, market, marketing, speaker, competitor, longer, spending, considers, google, assistant, amazon, microsoft


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