The S&P 500 Biotech Index has nearly tripled in the past three years. The index had stalled and moved sideways for much of the past spring, leading some to wonder whether the rally was spent. Several factors have been fueling the biotech rally of the past three years. For one thing, the U.S. Food and Drug Administration has been pushing […]
Bharat RanjanGoldman Sachs’ chief equity strategist David Kostin doesn’t think stocks are going anywhere for the rest of the year. In a note to clients over the weekend, Kostin and his team outlined 4 main reasons why the S&P 500 probably won’t do much of anything for the rest of the year and finish at 2,100. On Monday morning, futures were indicating […]
Biotech
Biotech Stocks – Is It Still Worthwhile Trading? -Kite Pharma Inc (NASDAQ:KITE), Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), Galena Biopharma Inc (NASDAQ:GALE)
By Chris Sester -August 17, 2015209
Kite Pharma Inc (NASDAQ:KITE) declined-3.46% to end last trading session at $58.00. The company, on August 14, 2015, reported that it will host a live conference call Today, August 17, 2015, at 9:00am Eastern Time to […]
Concerns about Prudential’s exposure to China helped push the company’s shares down 10% from late May. Photograph: Reuters
Prudential says turbulence on the Chinese stock market has had little effect on its business there as it reported first-half profit ahead of City forecasts.The British insurer sought to soothe City concerns by saying its Chinese operation had performed consistently for 15 years […]
Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the economy and pushed the country’s euro membership to the brink.Banks led the plunge following the shutdown, which was due to capital controls to prevent the lenders from bleeding more deposits. Piraeus Bank SA and National Bank of Greece […]
The Greek stock market is set to reopen on Monday as talks continue with the country’s creditors on a new multi-billion-euro bailout. Photograph: Orestis Panagiotou/EPA
Greek investors expect a tumultuous day’s trading when Athens’ stock market reopens on Monday after a five-week shutdown.The resumption of trading in Greek stocks will be the latest step back towards economic normality, after the prime […]
Fed Officials May Offer More Clarity on Rates (WSJ)
Stocks rebound, shrugging off volatile and weak China (Reuters)
Three-Day Selloff Knocks 11% From China Shares (WSJ)
China shares fall again as Beijing scrambles to calm markets (Reuters)
VAT hikes to make Greek destination less popular (Kathimerini)
Varoufakis – Something is rotten with the eurozone’s hideous restrictions on sovereignty (FT)
EU denies Varoufakis ‘tax control’ claims (FT)
Allergan […]
REUTERS/StringerA trainer picks up Chinese Yuan banknotes from the open mouth of a crocodile during a performance at a zoo in Wenling, Zhejiang province March 2, 2015.China’s markets are going crazy again and Deutsche Bank’s Jim Reid is taking the big step of admitting he doesn’t get it.Stock markets in China went into free fall in June, pausing only briefly […]
An investor watches market returns at a stock exchange hall on 27 July in Tai an, China. Photograph: ChinaFotoPress/ChinaFotoPress via Getty Images
Beijing has vowed to step up its interventions in China’s volatile stock market following a traumatic day on Monday when stocks suffered their greatest losses since 2007.A government-controlled stock-buying agency would “continue to buy stocks to stabilise the market”, […]
It’s days like Monday that reassure Tony Hann he was right to avoid stocks in mainland China.Boom! The bottom just dropped out of China’s unprecedented efforts to prop up its marketChina’s stocks tumbled the most in eight years Monday morning as investors lost faith in government measures to support the market and the IMF warned Beijing to butt out.Continue reading.The […]
