Futures Decline After Fed – Asian stocks dropped with U.S. and European futures Thursday after Federal Reserve Chair Jerome Powell highlighted uncertainty about the economic rebound. The dollar advanced against major peers.
Stocks
Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.
U.S. officials are set to Travel to China Next Monday for the First High-Level, Face-to-Face Trade Negotiations Talks
Lighthizer and a small team will be in Shanghai through Wednesday, according to people familiar with the plans who asked not to be identified. The meeting will involve a broad discussion of the issues outstanding and isn’t expected to yield major breakthroughs, a senior administration official said.
Salzer Electronics to Buy 72% stake in Kaycee Industries in All Cash Deal
Gold Silver Reports (GSR) – Salzer Electronics Limited, which offers electrical solutions, on Monday signed a deal to acquire a 72.32 per cent stake in Kaycee Industries Limited in an all cash deal. Salzer will make an offer to purchase a 26 per cent additional stake from public for a total equity value of Rs 22 crores.
Fed Keeps Interest Rates Unchanged; Signals No More Increases Likely This Year
The Federal Reserve expressed increasing concern about slowing economic growth as it left interest rates unchanged on Wednesday and showed little appetite for raising them in the near future.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
Kim Jong Un to make announcement on US talks – GSR
Kim Jong Un to make announcement on US talks – GSR N.Korea is considering suspending nuclear talks with United States – TASS citing N.Korean deputy foreign …