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#PreMarket Primer: Thursday, December 26: Nikkei Climbs To New Highs
Thursday, December 26, 2013 - 8:06am | 604The Japanese Nikkei rose to a six year high on Wednesday and many money managers are expecting the country’s stocks to push even higher. The Nikkei has risen 54 percent so far in 2013, buoyed by expectations that Japan will emerge from almost two decades of deflation. Most expect the Japanese...
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Panasonic Aims To Narrow Corporate Focus With Possible Asset Sale To Nokia
Wednesday, August 28, 2013 - 4:00pm | 556Panasonic (OTC: PCRFY) has reportedly approached Nokia (NYSE: NOK) about a key asset sale. According to Nikkei, Panasonic is interested in offloading its cellular base station business. Nokia is one of many prospective buyers that Panasonic is believed to have approached. This is the latest...
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Benzinga Market Primer: Thursday, August 22: Fed Minutes Offer Little Guidance, Bets Still On For September Tapering
Thursday, August 22, 2013 - 6:45am | 1326The FOMC minutes provided little guidance as to when the Fed will begin to pare its stimulus; however the minutes did confirm that all of the US central bankers were in agreement that the tapering should begin sometime this year. Top News In other news around the markets: In the FOMC minutes, a...
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The Top 10 Financial Tweets For Thursday, August 15
Thursday, August 15, 2013 - 1:09pm | 1076There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful or just down right comical. 1. James Mackintosh James Mackintosh (@jmackin2) of the Financial Times tweeted out a great...
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World Markets Lower – Blame The Fed
Wednesday, August 7, 2013 - 12:02pm | 486What does it mean when you have a U.S. equity market that sold off Tuesday, futures down Wednesday, the Nikkei down four percent Wednesday, weaker dollar and weaker gold? The same thing as last time: the Fed is, once again, floating the tapering talk. The traders’ playbook is relatively...
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Benzinga Market Primer: Thursday, August 1: Futures Up On Europe and Asia
Thursday, August 1, 2013 - 6:57am | 1108Futures Higher on Economic Data U.S. equity futures are significantly up in early pre-market trade based on strong Asian and European PMI data. In addition, the Bank of England and European Central Bank are expected to reaffirm a policy of easing Thursday morning. Top News Eurozone...
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Nikkei Recouping Losses – Strategists See an Entry Point
Tuesday, July 2, 2013 - 8:28am | 541The Japanese Nikkei is in rally mode, the yen is weakening and very few people are talking about it. Why isn’t the index getting the attention it deserves on the way up the same way it did on the way down? Who said the media was fair? It was only weeks ago that markets all over the world were...
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Japan Up 7 Percent From Lows
Wednesday, June 19, 2013 - 7:57am | 467It was front page news on the way down, but it appears that the Nikkei’s seven percent move off its lows is barely worth a mention. Sure, it’s barely impressive given the index’s painful move off of its highs, but it’s significant. In fact, the index already broke out of its descending trend...
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Nikkei Soars 5 Percent on Positive Economic Data
Monday, June 10, 2013 - 7:46am | 454When China did what China always does and announced uninspiring economic data over the weekend when much of the world wasn’t watching, this looked like bad news for the Monday trading session in Japan but that wasn’t the case. The Nikkei ended higher by nearly five percent. Reuters reported...
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Nikkei Down 3.8 Percent after Abe Disappoints Market
Wednesday, June 5, 2013 - 7:21am | 452The Nikkei closed at 13014.87—down 518 points or 3.8 percent hitting a fresh two month low. The yen gained strength against the dollar pushing below the 100 mark to 99.78. The yen was also stronger against the pound and the Australian dollar. All eyes were on Japan Prime Minister Shinzo Abe as...
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Overnight Trouble in Asia Could Weigh on Markets Monday
Monday, June 3, 2013 - 8:28am | 423U.S. futures are up in the early hours of the morning but two big events sent major indices in Asia tumbling on Monday. How will that affect U.S. markets? First, The HSBC/Markit Purchasing Managers’ Index, the unofficial PMI number for China, came in at 49.2. This is below the May preliminary...
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Is Japan Becoming the Next Eurozone?
Friday, May 31, 2013 - 8:56am | 476Remember the days when only the most sophisticated of investors knew about the eurozone? Americans with more of a world view knew that it was a collection of countries in Europe but beyond that, there was very little to talk about. As the contagion from U.S. markets during the recession reached...
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Nikkei Plunges Five Percent Thursday
Thursday, May 30, 2013 - 7:42am | 464It happened again. On Thursday, the Nikkei plunged 737.43 points to close at 13,589—five percent lower and well below the psychological 14,000 mark that investors were eyeing. In total, Thursday’s move represents an 11.94 percent loss since the index’s top of 15,432 on May 22. To add some...
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Nikkei Plunge Causes Fall in Global Markets
Thursday, May 23, 2013 - 8:58am | 117According to Bloomberg, Japan's Topix Index (TPX) fell by 6.9 percent, adding to fears that extreme volatility is back in the markets. The Hang Seng was down 2.54 percent and Europe's FTSE 100 index dropped 1.76 percent. The yen gained momentum, increasing 1.41 percent to 101.69 against the...
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How Will China's Slowed Manufacturing Impact the Global Economy?
Thursday, May 23, 2013 - 8:46am | 174China HSBC Flash Manufacturing Purchasing Managers Index fell to 49.6 for May due to weaker domestic and international demand. A value below 50 means that manufacturing has slowed compared to the previous month. This is the first time contraction has occurred for the last seven months....