Sensex, Nifty Seen Opening Up As RBI Board Meets

Indian shares may open higher on Monday, tracking positive global cues as investors look forward to improvement in the U.S.-China trade relations ahead of this month’s G-20 summit.

Benchmark indexes Sense and the Nifty rose around 1 percent last week and the rupee gained 0.8 percent to close at 71.93 per dollar, as a sharp fall in oil prices helped ease investor concerns surrounding inflation and the twin deficits.

Oil price movements, the direction of rupee and foreign fund flows may influence trading sentiment as the quarterly earnings season draws to a close.

There will not be any significant impact of the state elections on the markets as the results of all the assembly election will be declared only on December 11.

The much-awaited meeting of the Reserve Bank of India board will be held today, with the central bank and the government expected to reach a common ground on certain key issues to help raise liquidity in the system.

Meanwhile, it’s going to be a truncated week with markets likely to remain closed on November 23 on account of Gurunanak Jayanti.

Asian markets are broadly lower this morning after U.S. President Donald Trump said the United States might not have to impose further tariffs on Chinese goods.

Trump said China has provided a “large list” of trade items the communist country is willing to compromise on but argued any trade deal has to be “reciprocal.”

However, White House officials subsequently told CNBC people should not read too much into the president’s claims.

Brent crude futures rose in Asian trade after falling nearly 5 percent to $66.76 a barrel last week.

U.S. stocks ended mixed on Friday after President Donald Trump said that China was ready to make a deal to diffuse trade tensions.

The Dow rose half a percent

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Asian shares mostly up cheered by Wall Street buying spree

TOKYO — Asian shares were mostly higher Monday after a buying spree on Wall Street kept up investor optimism into a new week, despite continuing worries about trade tensions.

KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 0.5 percent to 21,784.87, while Australia’s S&P/ASX 200 fell 0.7 percent to 5,693.30 in early trading. South Korea’s Kospi gained 0.3 percent to 2,099.45. Hong Kong’s Hang Seng added 0.6 percent to 26,331.84, while the Shanghai Composite stood at 2,693.93, also up 0.6 percent. Shares were mostly higher in the rest of Asia, with benchmarks rising in Taiwan and Indonesia.

WALL STREET: The S&P 500 index rose 6.07 points, or 0.2 percent, to end the week at 2,736.27. The Dow Jones Industrial Average gained 123.95 points, or 0.5 percent, to 25,413.22. The Nasdaq composite slid 11.16 points, or 0.2 percent, to 7,247.87. The Russell 2000 index of smaller companies picked up 3.41 points, or 0.2 percent, to $1,527.53. But the S&P 500, which finished higher for the second straight day, ended the week with a loss of 1.6 percent.

TRADE WORRIES: The Trump administration has imposed a 10 percent tariff on $200 billion of Chinese goods over complaints Beijing steals or pressures foreign companies to hand over technology as the price of market access. That tariff is set to rise to 25 percent in January. Another $50 billion of Chinese goods already is subject to 25 percent duties. Beijing has responded with penalty duties on $110 billion of American goods. Washington and Beijing have resumed talks over their spiraling trade dispute.

JAPAN TRADE: Japan reported a trade deficit for October but has seen a recovery in exports after getting slammed by natural disasters in September. Data from the Ministry of Finance showed exports grew 8.2 percent from the same month the previous year. In

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Japanese Market Advances

The Japanese stock market is advancing on Monday despite the mixed cues from Wall Street on Friday and lingering worries about U.S.-China trade tensions. Trade data showing an increase in Japanese exports during the month of October boosted investor sentiment.

The benchmark Nikkei 225 Index is rising 138.82 points or 0.64 percent to 21,819.16, after touching a high of 21,852.92 in early trades. Japanese shares fell on Friday.

In the tech space, Advantest is gaining almost 3 percent and Tokyo Electron is higher by 3 percent. SoftBank is gaining almost 4 percent.

Among the major exporters, Sony and Mitsubishi Electric are rising more than 2 percent each, while Canon is adding 0.4 percent and Panasonic is edging up less than 0.1 percent.

Automaker Honda is declining 0.7 percent and Toyota is down 0.3 percent. In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are lower by almost 3 percent each.

In the oil space, Inpex is rising more than 2 percent and Japan Petroleum is advancing almost 2 percent even as crude oil prices were unchanged on Friday.

Among the other major gainers, Tokai Carbon and Screen Holdings are rising more than 4 percent each, while Showa Denko is up 4 percent.

On the flip side, banks and financial stocks are among the major losers. Shizuoka Bank is losing more than 6 percent, while Fukoka Financial, Concordia Financial, JGC Corp. and Sony Financial are all lower by almost 4 percent each.

On the economic front, the Ministry of Finance said that Japan posted a merchandise trade deficit of 449.3 billion yen in October. That missed forecasts for a shortfall of 70.0 billion yen following the 131.3 billion yen surplus in September.

Exports were up 8.2 percent on year, shy of expectations for an increase of 8.9 percent following

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Australian Market Declines

The Australian stock market is declining on Monday following the mixed cues from Wall Street on Friday and on worries about U.S.-China trade tensions following the weekend’s Asia-Pacific Economic Cooperation or APEC summit where leaders failed to agree on a post-summit communiqué for the first time in history.

The benchmark S&P/ASX 200 Index is losing 24.30 points or 0.42 percent to 5,706.30, off a low of 5,704.20 earlier. The broader All Ordinaries Index is down 24.40 points or 0.42 percent to 5,798.40. Australian markets finished marginally lower on Friday.

The major miners are weak despite stronger metals prices. Rio Tinto is down 0.3 percent and Fortescue Metals is declining more than 1 percent, while BHP is edging up less than 0.1 percent.

Oil stocks are also lower after crude oil prices ended flat on Friday. Oil Search is down almost 1 percent, Woodside Petroleum is lower by 1 percent and Santos is losing more than 1 percent.

In the banking sector, ANZ Banking, Commonwealth Bank, National Australia Bank and Westpac are down in a range of 0.4 percent to 0.6 percent.

Bucking the trend, gold miners are higher after gold prices rose on Friday. Newcrest Mining is advancing almost 1 percent and Evolution Mining is rising more than 1 percent.

Myer Holdings’ shares are losing more than 6 percent on their return to trade on Monday after being forced into a trading halt Friday following media reports that it may have breached disclosure rules by failing to provide details of the extent of its sales decline.

Shareholders of Fairfax Media are gaining more than 2 percent after the company’s shareholders voted overwhelmingly in favor of the 175-year-old company’s A$4 billion merger with Nine Entertainment. Nine Entertainment’s shares are gaining more than 3 percent.

In the currency market, the Australian dollar

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Week Ahead: Equities, Yields, Dollar Slump; Is Risk-Off Sentiment Back?

Most US stocks rose on Friday but finished the week lower Yields set to top out, suggesting more equity selloffs; VIX rose as well Dollar fell from 17-month high to bottom of rising channel WTI on course for Death Cross

Renewed hopes of a resolution to the ongoing trade dispute pushed major US benchmarks—the , and —higher for a second day on Friday. However, the slipped yet again. All US averages ended the week lower as well, as the retail picture soured and technology shares languished. Treasury yields dropped, dragging down the , signaling the possibility of risk-off sentiment returning to markets.

This is the opposite pattern in the previous two weeks, when stocks gained for the week but finished lower on Friday. We posited then that perhaps traders were losing their nerve and were unwilling to commit to weekend positions, yet were unable to forego investing when both the economy and earnings have been on fire. According to Gallup’s economic survey, this is the best economy in 19 years; reports also indicate we’re seeing the highest in 14 years. As well, equity markets are just finishing their best earnings season since the financial crisis.

3 Reasons For Risk-Off’s Return

So why is risk-off sentiment returning? A number of reasons:

Apple (NASDAQ:), which accounts for 12% of the NASDAQ’s weighting and 5% of the Dow Jones Industrial Average, had its worst week in seven months last week, down 5%, 16% off its recent high. Concerns about disappointing iPhone sales and slower growth led shares to their seventh straight weekly loss, the longest negative stretch for the stock since 2012.

also continued. While higher prices boosted in October, the recent slump in prices will have the opposite effect. Overall, however, consumer prices rose as much as expected last month, easing

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Fondos Latinos a division of the BNY Mellon Bank and PEMEX (Petroleos Mexicanos) announced they reached an agreement.

Fondos Latinos a division of the BNY Mellon Bank and PEMEX (Petroleos Mexicanos) announced they reached an agreement. – NASDAQ News Today – EIN News

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United States : US: Dollar, yields slide on Fed official rate talk

United States : US: Dollar, yields slide on Fed official rate talk

Nov 17, 2018 (Euclid Infotech Ltd via COMTEX) —

The US dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said US interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over US-China trade ties.

Oil prices steadied but still posted their sixth straight week of losses. Uncertainty over Britain’s exit from the European Union clouded currency and other markets.

Markets were shaken by comments made by Richard Clarida, newly appointed Fed vice chair, in a CNBC interview that US interest rates were nearing Fed estimates of a neutral rate, and being at neutral “makes sense.”

He also said there was “some evidence of global slowing.”

While the Fed is widely expected to raise rates in December, the number of hikes next year is a matter of debate.

“The big driver right now is Fed speech,” said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia. “Clarida indicated a modestly dovish bent on Fed policy, and not a particularly aggressive stance.”

On Wall Street, the Dow Jones Industrial Average rose 123.95 points, or 0.49 per cent, to 25,413.22, the S&P 500 gained 5.94 points, or 0.22 per cent, to 2,736.14 and the Nasdaq Composite dropped 11.16 points, or 0.15 per cent, to 7,247.87.

Mr Clarida’s comments helped support stocks, which were also boosted by comments from President Donald Trump on trade.

Mr Trump said he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions.

“The market is paying attention very closely to anything surrounding trade,” said Veronica Willis, investment

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United States : Wall Street opens lower

Nov 17, 2018 (Euclid Infotech Ltd via COMTEX) —

US stocks opened lower on Friday, as techology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.

The Dow Jones Industrial Average fell 95 points, or 0.3%, to 25194 shortly after the opening bell. The S&P 500 shed 0.4% and the Nasdaq Composite declined 0.9%.

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Lithuania : Nasdaq Launches the Nasdaq Baltic Awards and Dedicated Website

Lithuania : Nasdaq Launches the Nasdaq Baltic Awards and Dedicated Website

Nov 17, 2018 (Euclid Infotech Ltd via COMTEX) —

Nasdaq announced the launch of the Nasdaq Baltic Awards 2019 to celebrate outstanding achievements by Nasdaq Baltic-listed companies in the areas of transparency, sound corporate governance and investor relations.

Recent years have been among the most successful in the Baltic capital markets history, with many companies joining the Baltic regulated market and First North through either stock listings or bonds, said Indars Auks, the Head of Baltic Markets at Nasdaq and the CEO of Nasdaq CSD. I look forward to celebrate the progress of the investment culture in the region together with the Nasdaq-listed champions of investor relations and other stakeholders who have contributed to the growth of the Baltic capital market.

Awards in a total of six categories will be presented during the bi-annual Nasdaq Baltic Awards ceremony: Investor Relations of the Year, Stock Exchange Member of the Year, Best Investor Relations on First North, Best Investor Relations by a Bond Market Newcomer, Article of the Year, and Stock Exchange Event of the Year.

Weve involved local and international capital market experts to develop the Nasdaq Baltic Awards concept. Our aim has been to capture the link between the high quality of each listed company’s investor relations work and shareholder return. The awards will pay tribute to the community of exchange members and advisors as well as to the many other parties that help promote and develop capital market culture in the Baltics, said Daiga Auzia-Melalksne, the Head of Exchange Services at Nasdaq Baltic.

The award winners will be announced on January 31, 2019, during a live video-bridge ceremony in three cities co-hosted by the Nasdaq Baltic stock exchanges in Tallinn, Riga, and Vilnius, and by Nasdaq

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Market Snapshot: Stocks just saw the best earnings season since the financial crisis, and nobody cares

Earnings for S&P 500 companies grew by 25.8% in the third quarter, the strongest performance since the third quarter of 2010, when companies benefited from very attractive, recession-era comparable earnings.

Nevertheless, from the start of earnings season to the close of trade Friday, the S&P 500 index SPX, +0.22% has fallen 2.7%, the Dow Jones Industrial Average DJIA, +0.49% 1.1%, and the Nasdaq Composite Index COMP, -0.15% 5.5%.

“Third quarter earnings were outstanding both on earnings and revenue growth, the percentage of companies beating expectations, and the magnitude of those beats,” Michael Arone, chief investment strategist at State Street Global Advisors, told MarketWatch.

But the selloff that accompanied these announcements is a testament to the fact that “Wall Street doesn’t care what you’ve done in the past. It’s all about what you’re going to do next quarter,” Arone said.

The pairing of rosy earnings announcements and stock market declines can be explained by several big name companies issuing cautious guidance going into the fourth quarter, Tom Essaye, president of the Sevens Report, told MarketWatch.

“The market doesn’t even need most companies to issue weak guidance to trigger a selloff in this environment,” Essaye told MarketWatch. “It’s the top hundred most widely held companies that mostly drive markets.”

Essaye points to Caterpillar Inc.’s CAT, +0.42% earnings as a microcosm of the market overall. The company beat expectations on earnings and revenue, but it’s guidance indicated that the construction-equipment manufacturer is already experiencing rising input costs as a result of new tariffs on steel and other products. Shares fell nearly 13% following its earnings release before subsequently recovering.

“These sorts of details play into existing fears in the market about rising costs and tariffs, which will more than double in January,” if U.S. and Chinese officials can’t strike a trade deal before

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