Kraft

Dow Jones Changes "Hoax" Index Divisor For First Time In 2 Years

For the first time in two years, the owners of the Dow Jones Industrial Average have changed the benchmark’s divisor, the number used to determine how moves in the share prices of individual Dow components affect the level of the index... "Is the number of points that the Dow Jones now gives us a truth or a fictional truth?"

VIX Tumbles, S&P Futures, Global Stocks Rebound Sharply As Korea Fears Fade

Global stocks and S&P futures rebounded sharply on Monday as tensions over an imminent conflict with Pyongyang receded after U.S. officials played down the likelihood of a nuclear conflict with North Korea, recovering from fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.

Tech Stumble Drags Global Markets Lower; All Eyes On The BOE

E-mini futures are fractionally lower this morning (0.08%) after Apple's surge helped the DJIA climb above 22,000 for the first time on Wednesday; Global shares declined for the first time in 4 days pressured by tech stocks: Asian shares fell, while Europe pared opening losses to trade unchanged.

Frontrunning: May 8

  • Macron victory reshapes European politics (Reuters)
  • Macron Vows to Heal France’s Divisions After Victory Over Le Pen (BBG)
  • Macron’s Style Choices – CEO or Chairman? (BBG)
  • Euro gives up gains as investors look to post-election France (Guardian)
  • China's April trade growth slows as commodities, electronics demand cools (Reuters)

Global Stocks Dip On Poor US Auto Sales, Apple Miss; Fed Decision On Deck

European, Asian stocks and S&P futures all fall as investors digested poor overnight news on Apple earnings and U.S. car sales, while the dollar rose in muted trading as investors contemplated chances of another rate hike next month ahead of today's Federal Reserve statement.

Unilever Sustainability Platform Is Unsustainable

At some point near the end of the last century the leaders of major U.S. manufacturing firms began to ponder the idea they had a social responsibility to the world at least as important as the need to increase value for shareholders. It’s not exactly clear when it started but what began as a way to curry favor with a customer base newly empowered to care about bigger things has today become something of a religion in executive suites from New York to Los Angeles.

Frontrunning: April 7

  • U.S. fires missiles at Assad airbase; Russia denounces 'aggression' (Reuters)
  • Congress Supports the Airstrikes, Debates What Happens Next (WSJ)
  • Trump’s Syria Strike Sends Not-So-Subtle Warning to U.S. Rivals (BBG)
  • Russia Halts Cooperation With U.S. on Syrian Air Operations (WSJ)
  • Syria Says Strike Kills Five, Damages Air Base (WSJ)

Global Stocks Rebound From Overnight Lows, On Edge Ahead Of Trump-Xi Meeting

S&P futures are little changed at 6am ET, trading at 2347.55 and paring an earlier 0.4 percent drop, on the back of the USDJPY ramp which for the second day in a row has emerged alongside the European open, soothing concerns about the Fed's balance sheet reduction and "some" Fed officials warning that stocks have gotten expensive. While Asian stocks fall in early trading, European bourses rebounded from session lows alongside the S&P and USDJPY.

SEC Freezes Accounts Of "Highly Suspicious" Traders Who Made $3.6 Million On Fortress Takeover

The SEC has frozen the the accounts of several traders who made more than $3.6 million in profits by trading stocks and call before the $3.3bn takeover of Fortress Investment Group was announced by Japan’s SoftBank. The unknown traders placed the “highly suspicious” orders for shares and contracts for difference, or CFDs, through Maybank Securities and R.J. O’Brien, according to the SEC.

Frontrunning: February 23

  • Trump to Brainstorm on Job Policies With Corporate CEOs (BBG)
  • Border-Adjustment Tax Divides Energy Sector (WSJ)
  • French Bonds Rally After Macron Boosts Presidential Campaign (BBG)
  • Boeing Fighter Jet, Feared Dead, Gets New Life From Trump Tweets (BBG)
  • Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August (WSJ)
  • Why Mexico Is Trump’s First Line of Defense on Immigration (BBG)

Frontrunning: February 21

  • Global Stocks and Bond Yields Rise (WSJ)
  • Despite Dissents on White House Policy, Mattis Holds Sway (WSJ)
  • Trump’s Travel Ban Won’t Hit the U.S. Economy, At Least This Year (BBG)
  • Pundit Brings ‘Global Jihadist Movement’ Theory to White House (WSJ)
  • HSBC Plunges After Missing Profit Estimates on Revenue Drop (BBG)
  • Euro-Area Economic Recovery Broadens as France Outpaces Germany (BBG)