Wall Street stocks surged higher Tuesday as a batch of strong earnings reports pushed aside lingering doubts about the economy and trade fights that have pressured markets. The Dow Jones Industrial Average finished a buoyant session a hair below session peaks, ending at 25,798.42, up 2.2 percent or nearly 550 points. The broad-based S&P 500 also gained 2.2 percent to 2,809.92, while the tech-rich Nasdaq Composite Index jumped 2.9 percent to 7,645.49. Investors were cheered by strong earnings from banks and health care companies that helped them ignore -- at least for now -- the worries about trade fights and higher US interest rates that had sparked a steep, two-day selloff last week. "Today what we are seeing is largely related to earnings results," said Lindsey Bell, investment strategist at CFRA Research, who added that the earnings thus far, while upbeat, came from a relatively small number of major companies. "It is not going to be all good news throughout the earnings … [Read more...] about Dow jumps more than 2% as US stocks rebound on strong earnings
Investing in us stocks from india
European stocks join global sell-off
Business 11 October 2018 comments Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-45820640 Read more about sharing. These are external links and will open in a new window Close share panel European stocks were sharply down in morning trade after concerns about a trade war and higher US bond yields stoked global … [Read more...] about European stocks join global sell-off
US stock market rally all about ‘American exceptionalism’ – Morgan Stanley
The historic rise of US equities is about investors’ belief in Uncle Sam, according to an analyst from investment bank Morgan Stanley. “This year has been a story of how well America has done,” analyst Ruchir Sharma told CNBC. He described the recent rise in the US economy as “American exceptionalism.” Read more “We may or may not believe in [American exceptionalism], but the financial markets have never believed in it to such an extent,” he said. The analyst was referring to the 3.5-percent growth in the US economy for the first nine months of 2018, which is reflected in the “very richly valued” US financial markets. According to Sharma, the last decade has widened the ‘huge gap’ between the US and emerging markets. Other analysts have noted that the US contribution to the global economy is overestimated. The US share of global GDP now stands at 18 percent, a significant slide from the 30 percent seen after World … [Read more...] about US stock market rally all about ‘American exceptionalism’ – Morgan Stanley
Using Uber to help sell used cars in US
Auto1 Stake Softbank, the giant Japanese technology company, hopes to make a German used-car platform a global business. Published on January 24, 2018 9:57 pm Japan’s Softbank has purchased a one-fifth stake in Auto1, Germany’s largest used car trading platform, and has ambitious plans to bring the company to the US and Asian markets to sell second-hand cars in concert with ride-hailing app Uber, which it also controls. “We plan to turn Auto1 into a global company,” said Rajeev Misra, a former Deutsche Bank executive who now runs Softbank’s Vision Fund. “We want to take the company to the US market, to China and Japan.” Auto1, which is now valued at €2.9 billion ($3.6 billion) after Vision’s €460 million purchase of 20 percent of the company’s shares, has joined the ranks of so-called startup “unicorns” worth more than $1 billion. In Europe, it is behind only music streaming app Spotify, valued at … [Read more...] about Using Uber to help sell used cars in US
India could be a jewel in the crown for investors in the long-term
Emerging markets include countries such as India, Poland, Hungary, the Czech Republic, and countries in Latin America and south-east Asia (not including Australia). Emerging market equities trade at roughly a 50pc discount to developed markets equities, yet they have far better prospects for growth, trade at attractive currency valuations, and have generally experienced declining inflation rates. Emerging markets hold the majority of the global population and generally have very favourable demographics (a large driver of long-term returns) - yet only about 10pc of the world's equity funds invest in them. Over the long run, it is a certainty that emerging markets will make up a much larger percentage of global equity funds. In general, emerging markets such as India, southeast Asia (excluding-Australia), Latin America, and emerging Europe (Poland, Hungary, and the Czech Republic) present staggering opportunities for the long-term equity holder. India is the biggest story of the next … [Read more...] about India could be a jewel in the crown for investors in the long-term