India

Global Stocks Hit New All Time High As Dollar Rebounds; Europe Volatile On Earnings Deluge

The levitation continues with S&P futures pointing to - what else - another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer trial Mystic failed to show benefits, while Deutsche Bank slumped 4% on a 12% plunge in FICC revenue.

Foxconn To Get $230,000 In Incentives For Every Wisconsin Job Created

The "incentive package" for the Foxconn deal will total $3 billion over 15 years, including $1.5 billion in state income tax credits for job creation; up to $1.35 billion in state income tax credits for capital investment and up to $150 million for the sales and use tax exemption. In other words, just over $230,000 for each new job that Foxconn may (or may not) create.

The Myth Of India's Information Technology Industry

"The Indian IT industry and most Indian businesses are run by people who are more akin to power-brokers and traders. In IT, they have just created a story and traded Indian 'coolies' for wage-arbitrage.  For them IT jobs are passports to get Green Cards and go to US...Inside the country, Indians have increased their gold hoarding...Those who can are moving their gold and wealth abroad."

What Trump's Venezuela Sanctions Will Do To Oil Prices: Barclays Explains

"A sharper and longer disruption could raise oil prices at least $5-7/b and flatten the curve structure despite an assumed return of some OPEC supply, a more robust US shale response, and weaker demand. It may be just the opportunity OPEC needs to exit its current strategy." - Barclays

Trump's Slide Into Endless-War Syndrome

"In sum, Trump should avoid getting co-opted by the U.S. military and honor his campaign rhetoric, which implied staying out of non-strategic brushfire wars."

A Primer On The "Global Sharing Economy" In 20 Charts

It's the $6 trillion opportunity that everyone is talking about and investing in. Here, in 20 charts, is a quick primer on what the "global sharing economy" means for markets, consumers and investors.