Asian Markets Closing Report

Search This Blog


Search Tool

Nov 29, 2020

From The Desk of Fernando Guzmán Cavero.

 Dear friends : 

Unfortunately Some Themes, Pages and other features are not working fine in an appropriate manner with quite a few mistakes that for the time being will keep me away with my work for a few more days which I hope will Google makes the corrections pertinent to new dashboard  - not very long ago changed from the old one - which unfortunately is making loosing our time without having tested the effectiveness of this new tool. 

Please stay tuned: 

                                                               Fernando Guzmán Cavero


Nov 22, 2020

From The Desk of Fernando Guzmán Cavero: Press Notification

Press Notification

This coming week we are making some important  changes to our Financial news blog. Therefore we won't be on the air for a few days.

We hope on your understanding of the time we are taking off to evaluate and  make changes in order to serve you better.

If you may consider, please let us know any suggestion through our contact form.

                                                                      Please stay tuned

                                                                Fernando Guzman Cavero

Nov 19, 2020

Wall Street Closing Report: Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases


Fred Imbert, Jesse Pound

Stocks traded slightly higher on Thursday as traders increased their exposure to major tech names amid a rising number of coronavirus cases.

The Dow Jones Industrial Average traded 85 points higher, or 0.3%. Earlier in the day, the Dow was down more than 200 points. The S&P 500 gained 0.5% and the Nasdaq Composite advanced 0.9%.

Netflix and Amazon advanced 1% and 0.4%, respectively. Alphabet climbed 1% and Microsoft traded higher by 0.8%. Apple rose 0.4% along with Facebook.

Stocks also got a boost after Senate Minority Leader Chuck Schumer, D-NY, said Majority Leader Mitch McConnell, R-KY, had agreed to resume negotiations on new fiscal stimulus.

A CNBC analysis of Johns Hopkins University data found that the seven-day average of daily new U.S. coronavirus infections is now at 161,165, up 26% from last week. In total, more than 11.5 million coronavirus cases have been confirmed in the U.S.

“While we wait for clarity on a vaccine and additional fiscal stimulus, investors are really struggling to interpret the near-term impacts” of surging coronavirus cases, said Michael Arone, chief investment strategist at State Street Global Advisors. “What’s also been clear is technology stocks have become investors’ security blanket. When anxiety rises, they go back to the reliable growth of technology.”

The recent uptick in Covid-19 cases has prompted some parts of the country to retake stricter measures to curb the virus spread. New York City Mayor Bill de Blasio ordered schools to close for in-person learning “out of an abundance of caution.” On Thursday, the Centers for Disease Control and Prevention advised Americans against traveling for Thanksgiving due to the outbreak.

“Negative COVID headlines/increased economic lockdowns (especially in NYC and LA County) are starting to offset vaccine optimism, and that’s weighing on stocks,” wrote Tom Essaye, founder of The Sevens Report. “We are now facing the biggest number of economic restrictions since the spring, and that will weigh on economic growth and, potentially, earnings.”

Sentiment on Thursday was kept in check, however, after the release of preliminary data showed University of Oxford and AstraZeneca’s vaccine candidate triggered a similar immune response among all adults. Oxford and AstraZeneca’s data came a day after Pfizer and BioNTech said their Covid-19 vaccine candidate was 95% effective.

Stocks have ripped higher this month amid clarity following the U.S. election and the positive news on potential coronavirus vaccines. The S&P 500 has gained more than 9% in November and the small-cap Russell 2000 is up more than 15% in that time period.

“You see the market really kind of wanting to move in one direction, and then I think the vaccine news was certainly a catalyst to accelerate that a little bit. So I wouldn’t be surprised to see that trade persist for some time,” Jeff Mills, chief investment officer at Bryn Mawr Trust, said about the rotation into cyclical names.

“That being said, I do think the leadership in the market could be volatile over the next couple of months because you’re going to be battling Covid case increases and incrementally better news relative to the vaccine,” Mills continued.

European Markets Closing Report: European markets close lower as shutdown fears outweigh vaccine news

Elliot Smith,Holly Ellyatt

LONDON — European stocks closed lower Thursday as a rally prompted by positive vaccine news started to peter out amid renewed fears of shutdowns due to rising coronavirus cases.

.FTSEFTSE 100FTSE6334.35-50.89-0.80898754031
.FCHICAC 40 IndexCAC5474.66-36.79-0.6793376635

The pan-European Stoxx 600 closed down by 0.7% provisionally, with travel and leisure stocks dropping 1.7% to lead losses as almost all sectors and major bourses slid into negative territory.

Results published Thursday on the coronavirus vaccine being developed by the University of Oxford and AstraZeneca indicated that it is safe and triggers a similar immune response among all adults. The study, published in The Lancet, failed to boost market sentiment.

Pfizer said Wednesday that final analysis had shown its vaccine was 95% effective and would be submitted to the U.S. Food and Drug Administration (FDA) for approval within days. This came as New York City announced that it was closing schools due to a rising positivity rate.

Other authorities are moving to reinstitute some of the stay-at-home orders, curfews and public safety measures, including shutting down nonessential businesses in a handful of cities. There are growing worries that if the infection spread is not contained, widespread lockdowns could be reinstated.

On Wall Street, the Dow Jones Industrial Average and S&P 500 indexes fell slightly on Thursday amid disappointing U.S. unemployment data and the rising cases. The Labor Department said that 742,000 Americans filed for unemployment benefits in the week of Nov. 14, topping a Dow Jones estimate of 710,000.

European Central Bank (ECB) President Christine Lagarde on Thursday cautioned that euro area inflation is likely to remain negative into early 2021 as fresh economic shutdowns sweep through the continent. Lagarde also warned policymakers in Brussels of the potential damage that would be caused to the bloc’s economy should they fail to implement its historic stimulus plan, after Hungary and Poland vetoed the agreement on Monday.

Corporate earnings continued to drive individual share price movement, with Royal Mail climbing more than 3% after a promising earnings report.

At the bottom of the European blue chip index, German manufacturer Kion Group dropped 7% after a capital increase, while steel giant Thyssenkrupp fell over 3% after its third-quarter results. staff contributed to this market report.

Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Macy's, L Brands, Sonos, Jack In The Box & more


Peter Schacknow

Take a look at some of the biggest movers in the premarket:

Macy's (M) – The retailer lost 19 cents per share for its latest quarter, smaller than the 79 cents a share loss that Wall Street was anticipating. Revenue beat estimates, however. Same-store sales dropped 20.2%, but that was smaller than the 23.3% loss anticipated by analysts surveyed by Refinitiv. The shares fell 2% in premarket trading as of 7:35 a.m. ET.

BJ's Wholesale (BJ) – The warehouse retailer earned 92 cents per share for the third quarter, beating the 64 cents a share consensus estimate. Revenue topped estimates as well. Comparable-store sales rose 18.5%, compared to a FactSet estimate of up 16.7%. The stock lost 2% in premarket trading as of 7:35 a.m. ET.

Nasdaq (NDAQ) – The exchange operator is buying Verafin for $2.75 billion in cash. Verafin is a provider of technology designed to detect and fight financial crimes. The shares fell 3% in premarket trading as of 7:35 a.m. ET.

Nvidia (NVDA) – Nvidia reported quarterly earnings of $2.91 per share, beating the consensus estimate of $2.57 a share. The graphics chipmaker's revenue also beat forecasts, however the shares are coming under pressure after the company said data center chip revenue would fall slightly during the current quarter. Nvidia shares fell 2% in premarket trading as of 7:35 a.m. ET.

L Brands (LB) – L Brands earned $1.13 per share for its latest quarter, well above the 9 cents a share consensus estimate. Revenue exceeded estimates as well. L Brands saw record sales growth at its Bath & Body Works chain, and a rebound at its Victoria's Secret operation. The shares jumped 16% in premarket trading as of 7:35 a.m. ET.

AstraZeneca (AZN) – The drugmaker said the Covid-19 vaccine candidate being developed with Oxford University produced a strong immune response in older adults. Late-stage trials are currently being conducted to confirm those findings.

Starbucks (SBUX) – Starbucks plans to hike pay for U.S. employees by at least 10%, effective Dec. 14. The coffee chain will also raise starting pay to help attract new workers.

JOYY Inc. (YY) – JOYY is on watch once again after shares in the Chinese social media platform plummeted more than 26% Wednesday. That followed accusations by short-seller Muddy Waters that JOYY was a "multibillion-dollar fraud." JOYY responded by saying Muddy Waters was ignorant about its business and that the report contains numerous errors.

Coca-Cola (KO) – The beverage giant was ruled to have placed too much of its profit in foreign operations rather than its higher-taxed U.S. unit, according to a ruling from a U.S. Tax Court judge. The IRS has been seeking more than $3.3 billion in taxes for the years 2007 through 2009, although the ruling does not yet set an actual amount that Coca-Cola may owe. Coca-Cola has maintained that the IRS claims are without merit.

Sinclair Broadcast Group (SBGI) – Sinclair is partnering with casino operator and sports betting company Bally's (BALY) to rebrand its 21 regional sports networks under the Bally name. Sinclair had acquired regional Fox Sports networks from Walt Disney (DIS) last year, in a deal that cleared the way for Disney's purchase of 21st Century Fox's film and TV assets.

Jack In The Box (JACK) – Jack In The Box earned $1.61 per share for its latest quarter, compared to a $1.14 a share consensus estimate. The restaurant chain's revenue topped forecasts as well. Comparable-restaurant sales were up 12.2%. The shares gained 6% in premarket trading as of 7:35 a.m. ET.

Sonos (SONO) – Sonos earned 15 cents per share for its latest quarter, compared to expectations of a breakeven quarter. The maker of smart speakers and other audio equipment saw revenue beat estimates as sales jumped 15%, including 67% growth in its direct-to-consumer business. Sonos is benefiting from purchases by consumers spending more time at home amid the pandemic. The stock surged 18% in premarket trading as of 7:35 a.m. ET.

GoPro (GPRO) – The high definition camera maker is planning to raise $100 million through the sale of senior convertible notes.

Nuance Communications (NUAN) – The provider of artificial intelligence services for a variety of businesses beat estimates by 2 cents a share, with quarterly earnings of 18 cents per share. Revenue also came in above Wall Street forecasts. Nuance cited particularly strong results in its cloud-based health care industry solutions, among other factors.

News | About Bloomberg New Economy Forum: Bloomberg Forum: Virus Hunters Kick Off Final Day of Bloomberg Forum: NEF Update


2-3 minutes - Source: BLOOMBERG

Bill Gates

Bill Gates

Photographer: Takaaki Iwabu/Bloomberg

The fourth and final day of the Bloomberg New Economy Forum will focus on the future of health care around the globe in the wake of the coronavirus pandemic.

The Thursday program will kick off with a session spotlighting virus hunters. It features scientists studying zoonotic pathogens who will discuss the lessons learned from Covid-19, which has infected more than 56 million people and killed over 1.3 million around the world.

Other speakers include Bill Gates, co-chair of the Bill & Melinda Gates Foundation; Stephane Bancel, chief executive officer of Moderna Inc., whose vaccine was found to be 94.5% effective in a preliminary analysis of a large late-stage clinical trial; Anne Wojcicki, co-founder and CEO of genetic testing firm 23andMe Inc.; Tedros Adhanom Ghebreyesus, director-general of the World Health Organization; Kristalina Georgieva, managing director of the International Monetary Fund; and former New York Mayor Michael Bloomberg, the founder of Bloomberg LP and Bloomberg Philanthropies.

Read more: Encouraging breakthroughs offer hope for controlling virus

The forum begins at 8 a.m. New York time with remarks from Justin B. Smith, chief executive officer of Bloomberg Media and chair of the New Economy Forum.

More information can be found online at and on the Bloomberg terminal. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.

— With assistance by Mark Schoifet