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Follow this list to discover and track stocks that have set MACD bearish crosses within the last week. A bearish crossover occurs when the MACD turns down and crosses below the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
(Bloomberg) -- Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy.The U.S. 10-year yield slid as much as five basis points to 1.9719% after the Federal Reserve signaled it was ready to cut interest rates. Japan’s benchmark yield dropped to minus 0.185%, near the bottom of the central bank’s targeted range after Governor Haruhiko Kuroda suggested policy makers won’t step in to prevent further declines.The Fed on Wednesday scrapped its use of “patient” in describing its approach to policy, offering support for bond bulls who argue that the U.S.-China trade war will sap growth momentum. The dovish tilt came after European Central Bank President Mario Draghi signaled he’s ready to add monetary stimulus.“You’ve got a Fed that’s now changed its language and we’re on a path where there’s going to be rate cuts ahead,'' said Shyam Devani, senior technical strategist at Citigroup Inc. in Singapore. ``Whether it’s two or three times, it’s hard to say -- but there will be cuts.”The Treasury 10-year yield has fallen more than 70 basis points this year as the U.S.-China trade war took its toll on the global economy. Calls for a rate cut are growing with Pacific Investment Management Co. forecasting a 50-basis-point reduction in July.Read What Analysts Are Recommending on TreasuriesBonds in Australia joined the rally, with 10-year yields falling as much as seven basis points to a record 1.271%. Similar-tenor New Zealand yields slid to an all-time-low 1.51%.“As yields head lower, investors could be tempted to lower their allocation to fixed income -- but we’d caution them against that,” Rachel O’Connor, portfolio manager at Vanguard Group Inc. said at a Bloomberg investment forum in Sydney Thursday. “Given the high level of uncertainties in markets at the moment, we’d be encouraging investors to think long term.”With the Fed and ECB mulling easing, that’s raising expectations of other central banks also adding to stimulus. It’s “not unrealistic” to expect another rate cut in Australia, the nation’s central bank chief Philip Lowe said in a speech Thursday, after policy makers lowered their benchmark for the first time in three years this month.BOJ ComfortBOJ Governor Kuroda indicated he was comfortable with the recent slide in the 10-year bond yield, after the central bank kept its policy unchanged.“There is no need to be extremely and strictly mindful about the concrete range of the rate,” he said during a news conference. “It’s appropriate to deal with it with some flexibility.”Still, with U.S. President Donald Trump and Chinese leader Xi Jinping planning to meet next week at the Group-of-20 gathering, some investors are betting the two nations will eventually reach a trade deal.“There are still people out there who are seeing Treasury yields as being too low given the possibility of the U.S. resuming trade talks with China,” said Naoichi Kanaoka, a senior strategist at Mizuho Securities Co. in Tokyo. “However, if the Fed reduces rates because of low inflation, then it would be full-swing policy easing rather than a preemptive cut.”The Fed on Wednesday lowered its inflation forecasts. Futures are now signaling four rate cuts before the end of next year, with one at the July 30-31 meeting fully priced in.The prospect of lower rates has prompted some investors to move further out along the yield curve, with 30-year yields falling as much as six basis points to 2.48% on Thursday, the lowest since October 2016.“This will be the start of a rate-cutting cycle, not a one- or two-off cut in isolation,” Bob Michele, head of global fixed income at JPMorgan Asset Management in New York, wrote in a research note.\--With assistance from Stephen Spratt and Toru Fujioka.To contact the reporters on this story: Ruth Carson in Singapore at firstname.lastname@example.org;Masaki Kondo in Tokyo at email@example.comTo contact the editors responsible for this story: Tan Hwee Ann at firstname.lastname@example.org, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
JPMorgan has proposed stripping a swath of middle-income Asian countries from its influential emerging market corporate bond indices in a move that could raise returns for investors but increase risk. The proposal would see companies from South Korea, Singapore, Israel and Taiwan removed from the CEMBI bond index family, tracked by an estimated $110bn of assets. If enacted, the move would bring the country inclusion criteria for the CEMBI indices into line with JPMorgan’s EMBI hard-currency EM sovereign bond benchmarks, unrooting debt from companies such as Teva Pharmaceutical, Hyundai, Singtel and Kia Motors from the index.
Will the BoE continue to talk of the need to hike rates at an aggressive pace or has the economic data and shift in policy elsewhere caused a reevaluation…
There are no assurances that the reference price will reflect early trading in Slack stock, which will trade under the ticker symbol “WORK.”
Square stock is down roughly 3.5% over the last three months as investors decide what's next for the once high-flying financial tech giant.
Investing.com - The U.S. dollar fell on Thursday in Asia after the Federal Reserve signalled it was prepared to lower interest rates as uncertainties in its growth outlook have increased.
Lam Research (LRCX) closed the most recent trading day at $181.42, moving +0.54% from the previous trading session.
(Bloomberg) -- As emerging-market assets rallied on signals from the Federal Reserve that it’s prepared to cut rates as early as next month, JPMorgan Asset Management warned traders not to get ahead of themselves.Ben Mandel, a New York-based global multi-asset strategist at the firm, said that the Fed will probably keep borrowing costs on hold this year, even as investors price in a high probability of a cut next month.His thinking is that the U.S. and China are on the verge of reaching a narrow trade deal and that the resulting gains in business confidence will stabilize the economic outlook. In that scenario, the extent of rate cuts priced by markets diminishes substantially, putting a cap on equity upside, according to Mandel. You can’t have a trade deal, faster growth and falling rates all at the same time, he said.“There is clear optionality for a cut, but it will not be warranted if risks to the growth outlook begin to recede,” Mandel said. “The trilemma highlights the trade offs between that outcome, which reflects stable economic growth, and the Fed put.”Mandel, who began his career as an economist at the Fed, said he favors U.S. equities over the rest of the world. The S&P 500 Index will absorb much of the good news on trade, whereas Europe, Japan and emerging markets are at greater risk in the event of future trade disputes, he said.“In principle, one would also expect Treasuries to sell off in that instance, though we are wary of going underweight in an asset that has been the best hedge in portfolios for late cycle growth shocks,” Mandel said.To contact the reporter on this story: Ben Bartenstein in New York at email@example.comTo contact the editors responsible for this story: Julia Leite at firstname.lastname@example.org, Philip Sanders, Alec D.B. McCabeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Australian dollar was a bit soft on Wednesday as we continue to consolidate overall. However, this is a market that I believe will continue to show a lot of noise, as the Aussie dollar is highly influenced by what happens with the US/China trade talks.
Paychex (PAYX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- General Electric Co.’s transformation is being led by its aviation business, given the unit’s stability and underlying growth, Citi analyst Andrew Kaplowitz wrote in a note to clients.While the aviation business is not perfect, it does seem to be “operating on all cylinders,” the analyst said. He noted that the company is raising the projected growth for its military segment and continuing to gain share versus its primary competitor with large new orders announced at the Paris Air Show.GE and Safran SA’s joint venture, CFM International, earlier this week also won a $20 billion order for jet engines from Indian carrier IndiGo.“We sense a new energy in aviation and across GE especially regarding cash generation led by CEO Culp,” Kaplowitz added. The analyst maintained the buy rating on GE with a price target of $14.GE is currently undergoing a turnaround process after an unraveling that has wiped out more than 60% of the company’s market value over the past two years, and prompted the diversified manufacturer to divest multiple businesses. While its power turbine business is widely understood to be the most troubled, the aviation unit is often lauded as a competitive, well-run unit.JPMorgan analyst Stephen Tusa, who holds a bearish view on the stock, said the aviation business would have a valuation of about “$60 billion at best,” assuming a 2021 free cash flow yield of about 7%.To contact the reporter on this story: Esha Dey in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Picking the right stocks to help fund college tuition can be challenging, but these three intriguing stocks might be the way to go.
WeWork has struck one of its biggest European deals, with HSBC agreeing to lease more than a thousand desks in London at what the shared office provider says will be the world’s largest co-working space. ...
Few of the children at Ashton Gate Primary in Bristol will know that their school was once the headquarters of a global tobacco company. Imperial Tobacco moved from the premises to a purpose-built £18m office that brought all of its office staff together under one roof. The glass-fronted building, which has won a number of architectural awards, is just one outward sign of how the tobacco industry is reshaping itself.
(Bloomberg Opinion) -- Earlier this month, my colleague Elisa Martinuzzi suggested that merging Deutsche Bank AG and UBS Group AG would, on paper at least, create a European banking champion. She concluded, though, that the regulatory obstacles to such a deal would probably be insurmountable. But there is a three-way combination that could create a regional lender with the heft to take on the U.S. banks without falling foul of national regulators.Jean Pierre Mustier has done much house-cleaning in his two years as chief executive officer of Italy's UniCredit SpA. So it’s not much of a stretch to posit that he might regard himself as the right leader to forge a European powerhouse. And while his current institution owns HypoVereinsbank in Germany, it still depends on Italy for almost half of its revenue.Mustier has already dallied with the idea of buying Commerzbank AG after talks between the German lender and Deutsche Bank broke down in April. Adding Commerzbank would increase his access to the small- and medium-sized German clients known as Mittelstand companies.With Deutsche Bank still in intensive care, the German authorities should welcome the opportunity to see its other problem child adopted by UniCredit for many of the same reasons as they championed the mooted domestic tie-up. But to build a true challenger to the growing U.S. dominance of European lending, Mustier would need to add a third geographic region to his stable – and here his nationality might be key to overcoming tribal objections.As a Frenchman running an Italian-German institution, Mustier would be well-placed to convince the authorities in Paris that Societe Generale SA would thrive under his stewardship.Adding SocGen’s expertise in derivatives would expand the range of balance-sheet tools that Mustier can offer to those Mittelstand companies and other customers in Europe. And the newly merged triumvirate – let’s call it UniComSoc, ignoring the Orwellian overtones – would be a true regional champion. In international bond underwriting, the trio would command a 6.3% market share based on the individual performance of the three banks in the first five months of this year. None of the trio is currently a top ten player; the merged group would rank behind only JPMorgan Chase & Co. with 7.2% of the market, and Citigroup Inc. with 6.9%.In European equity offerings, the merged firm would sneak into a top 10 dominated by U.S. and Swiss firms, again based on market share through May:But in European loans, a market worth almost 300 billion euros ($336 billion) so far this year, the combination would be a market-beating powerhouse with a share of almost 13 percent. Given European companies remain reliant on bank loans rather than the capital markets to satisfy the bulk of their funding needs, that’s the most important reservoir of capital and the one that European regulators would be keenest to see being provided by a leading domestic source.The futures market is now starting to anticipate a cut in borrowing costs from a European Central Bank whose ultra-low interest rates have already weighed heavily on bank profitability. The worsening economic outlook that’s seen European government bond yields drop to record lows this week should add a sense of urgency to the acknowledged need for cross-border banking mergers.If the combination of Deutsche Bank and Commerzbank turned out to be shooting for the moon, maybe Mustier should aim even higher to land among the stars.To contact the author of this story: Mark Gilbert at email@example.comTo contact the editor responsible for this story: Edward Evans at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at .6862. The short-covering rally could continue if the Fed comes across as excessively dovish. However, gains are likely to be limited because the Reserve Bank of Australia is also dovish on interest rates. The AUD/USD could plunge if the Fed indicates the first rate cut in 10 years will take place in September rather than July.
Investing.com - The U.S. dollar was holding steady against a currency basket on Wednesday ahead of the Federal Reserve’s closely watched rate decision later in the day, as hopes for progress in the U.S.-China trade dispute supported market sentiment.
It’s all eyes on the FED later in the day as the Asian markets respond to news of Trump and Xi’s planned G20 Summit meeting.
Investing.com - The U.S. dollar and the euro traded near flat on Wednesday amid expectations for more stimulus from the European Central Bank as investors turned their attention to the Federal Reserve's closely watched rate decision later in the day.
(Bloomberg Opinion) -- Expect “Pig-gate” to blow over. UBS Group AG’s ultra-rich Chinese clients are unlikely to desert the Swiss bank for local rivals, whatever the level of outrage over language used by its chief economist in a research report last week.The bank's potential loss of Chinese share-sale mandates isn’t a critical blow: UBS ranks a distant 11th in underwriting Hong Kong IPOs in 2019. (The bank fell behind after a one-year ban by the Securities and Futures Commission over deficiencies in its work on three companies that ran into trouble after listing.) Nor is the loss of bond mandates, such as its exclusion from a sale by state-owned China Railway Construction Corp.Wealth management is different. UBS is vying for a share of a Chinese private-banking market that was worth a record $24 trillion in 2018, according to Boston Consulting Group. The furor among local brokerages over UBS’s use of “Chinese pig” in a report on pork supply and inflation comes just as the Swiss firm and other foreign banks are muscling in on their turf. Switzerland’s Credit Suisse Group AG, Japan’s Nomura Holdings Inc., and Wall Street giants JPMorgan Chase & Co. and Morgan Stanley are among firms that have received approval to expand or are working toward taking majority stakes in China ventures.On top of that, Chinese regulators have cracked down on high-risk wealth management products sold by local banks and brokerage firms. That’s leveled the playing field for overseas competitors, which say their stricter compliance guidelines wouldn’t allow them to offer such investments.Still, it’s outside China where UBS has most to protect. Like all foreign banks, it’s a minnow in the mainland market. By contrast, there’s a treasure trove of Chinese money being managed offshore in cities such as Hong Kong, Singapore and New York, according to a survey by consulting firm Capgemini SE last year. Boston Consulting reckons that market is worth $1 trillion. And here, UBS is hard to beat.At the end of last year, the Zurich-based bank had $152 billion more in assets under management in Asia outside mainland China than Credit Suisse, its nearest rival. Chinese players don’t rank in the top 10 for bankers to well-heeled individuals in the region, according to data from Asian Private Banker.UBS took in an unprecedented $16 billion in net new money in the first quarter, driving its Asia-Pacific assets to $405 billion. Credit Suisse collected the equivalent of $4.4 billion. UBS was also the region’s top equities trading house in the region last year, ahead of Morgan Stanley and JPMorgan, according to data from London-based analytics firm Coalition Development Ltd. It’s been Asia’s No. 1 equities house since 2010. That’s key for high-net-worth individuals looking for ideas to trade on.Money tends to flow to where it earns the most, other things being equal. Also, many clients have bought derivatives from UBS, which can’t be unwound at short notice without heavy penalties. UBS can console itself with the thought that other foreign banks have been able to ride out similar difficulties in Asia. Time is on its side. To contact the author of this story: Nisha Gopalan at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Atlassian Corporation PLC (TEAM) closed the most recent trading day at $129.55, moving -0.84% from the previous trading session.
Investors have been excited for a while now about the potential for a Palantir market debut, even though the company has yet to lay out any specific plans for an initial public offering.
“Despite a solid business model and strong organic growth, we think the sensitivity to a Fed easing cycle will restrain the stock,” Deutsche Bank’s Brian Bedell said.