Looking out towards the sea from Singapore's Marina Bay Sands infinity swimming pool, perched precariously 57 storeys above the ground – these are tough assignments, I know, but someone has to do them – is a sight as deeply resonant of man's desire to trade and better himself as any in the world.
Investors pulled more than $17 billion from U.S.-listed exchange-traded funds in August, the largest monthly outflow in the 20-year history of the ETF industry, data firm IndexUniverse said on Wednesday.
The asset management arm at Boston-based State Street Corp experienced the heaviest redemptions among ETF sponsors with $19.5 billion in outflows during August, IndexUniverse said. Most of that amount, $14 billion, was pulled from the SPDR S&P 500 ETF, as jittery investors worried about the stock market.
Last week we presented the most recent map of US and Russian naval deployments in the Mediterranean surrounding Syria. Over the weekend, things appear to have heated up once more as yet more ships - mostly of Russian origin - arrive in what is rapidly becoming a formation in search of the tiniest provocation.
TD Ameritrade’s monthly snapshot of trading activity among its retail client base showed investors moved back into the market in August, buying the dip after selling stocks and raising cash in July as the market crested to new highs.
A chemical attack may be launched on Israel by Syrian rebels from government-controlled territories as a "major provocation," multiple sources told RT.
The report comes as Russian Foreign Minister Sergey Lavrov proposed that Syria puts its chemical weapons arsenal under international control for subsequent destruction in order to prevent a possible military strike against the war-torn country.
Moscow mayoral candidate Aleksey Navalny insists on a second round in the poll, saying that the incumbent’s 50-plus percent result was achieved with violations and must be annulled.
“We are sure that the elections must not end in the first round. I am absolutely convinced that Sobyanin got less than 50 percent. There must be a runoff, we demand that the runoff is called,” Navalny said in an interview with popular talk radio station Echo of Moscow.
Jan Hatzius, chief economist at Goldman Sachs, said he believes the U.S. Federal Reserve will likely decide to taper its bond-buying program when the central bank meets next week, but it will be, he added, a “dovish taper.”
U.S. monetary policy will likely stay easy in the foreseeable future as incentives for the Fed are still on the side of easy policy, said Hatzius, in a speech titled “Reduced Uncertainty and the Move Over the Hump,” given at a National Association for Business Economics meeting Monday in San Francisco.
White House and State Department officials said they are open to Russia's proposal to place Syrian chemical weapons under international control and then destroy them, even though they are skeptical about the Syrians' sincerity.
"We'd have to take a hard look. Any transfer of chemical weapons to international control would be a positive development," Deputy National Security Adviser Ben Rhodes told MSNBC on Monday. He quickly added, though, that the White House was "skeptical" of the seriousness of the offer.
WASHINGTON — President Barack Obama’s campaign for an attack on Syria took an unexpected turn as his administration inadvertently gave the Assad regime a potential way out that spawned second thoughts on Capitol Hill and enthusiasm among international opponents of a military strike.
With the White House increasing its rhetoric in the face of Russia/Syria headlines and growth-inspired commodities like copper and oil suffering, the meme of the day that today's rally was a combo Asian growth and Syrian 'ease' is bullshit. Simply out, it's just another day in paradise as we noted earlier the 'most-shorted' names in the US equity market were squeezed dramatically higher - the most in 15 months (+2.8%). Interestingly, as the Russell surged to highs of the day, the Dow and S&P diverged lower in the afternoon. Homebuilders were the best choice for this idiocy as they soared 5% from Friday's lows (even as WFC and BAC shut their mortgage departments?) and are now 2% above pre-Kerry levels. Carry-mongers were equity bulls best friends as EURJPY lifted stocks all day and the USD dumped - led by EUR and SEK). Gold and silver flatlined for most of the day along with copper with WTI dumping into the pit close to around $109 (still its highest for this date ever). Treasuries were bid 5bps (belly) to 2bps (long-end). Trannies remain the only major index below pre-Kerry levels. Hedgers were active also in the later afternoon as VIX pushed higher. War schmoar...
NEW YORK (MarketWatch) — U.S. stocks climbed on Monday, with the S&P 500 extending its longest win streak since July, after Chinese exports beat projections and as investors anticipated the unveiling of Apple Inc’s new iPhone models.
The Dow Jones Industrial Average rose nearly 166 points and finished up 140.62 points, or 0.9%, at 15,063.12, its best performance in more than eight weeks. Caterpillar Inc. led gains that included all but one of the blue-chip index’s 30 members after the Chinese government reported exports rose 7.2% in August from the year-earlier period, topping forecasts for a 6% rise.
Mr Putin promised to "help" President Bashar al-Assad's regime in the event of a US campaign, showing how Russia and America had failed to narrow their differences over the Syrian civil war during a tense G20 summit in St Petersburg.
President Barack Obama and his Russian counterpart could not even agree on the factual point of whether a majority of G20 members supported or opposed military action.
Koch Industries Inc. has agreed to buy electronics components firm Molex Inc. (MOLX, MOLXA) for $7.2 billion in cash, a move that expands the industrial conglomerate's footprint.
Molex makes electronic, electrical and fiber optic interconnection systems and serves the mobile devices, infotech, consumer electronics and automotive markets, among others. Molex reported sales for the fiscal year ended June 30 of $3.6 billion.
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