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Breaking News

  • Wednesday April 16, 6:00 AM ET
    • Japan +3.01%.
    • Hong Kong +0.11%.
    • China +0.17%.
    • India -0.99%.
    • London +0.29%.
    • Paris +0.92%.
    • Frankfurt +0.81%.
    Comment!
  • Wednesday April 16, 5:57 AM ET
    [Earnings, Breaking News, Financials] Comment!
  • Wednesday April 16, 5:47 AM ET
    • ADTRAN (ADTN): Q1 EPS of $0.21 beats by $0.02.
    • Revenue of $147M (+2.8% Y/Y) misses by $2.65M.
    • Press Release
    [Earnings, Breaking News, Tech] Comment!
  • Wednesday April 16, 5:21 AM ET
    • Global equities are mainly higher on relief that the slowdown in China's economy in Q1 wasn't as bad as expected, with GDP of +7.4% topping consensus of +7.3%. The data helped offset nervousness about the continuing escalation in eastern Ukraine.
    • The Nikkei experienced yet another sharp move, this time jumping 3% following recent heavy selling. "Japanese shares are rebounding from recent declines because of the yen and U.S. share gains, while Alibaba is supporting technology companies," says market strategist Ayako Sera. Yesterday, Yahoo reported that Alibaba's Q4 net profit surged 110% to $1.35B. That helped boost shares in major Alibaba shareholder Softbank by 8.5%.
    • Elsewhere in Asia, Hong Kong +0.1%, China +0.2%, India -0.5%.
    • Euro Stoxx 50 +1.1%, London +0.3%, Paris +1.1%, Frankfurt +1%, Milan +2%, Madrid +1.3%.
    • U.S. stock futures: Dow +0.5%. S&P +0.5%. Nasdaq +0.6%
    [Global & FX, Top News, On the Move] Comment!
  • Wednesday April 16, 5:05 AM ET
    • Eurozone CPI accelerated to +0.9% in March from +0.3% in February, but missed consensus of +1%.
    • On year, inflation fell to 0.5% (flash 0.5%) from 0.7%.
    • Core CPI moderated to +0.7% from +1% and vs forecasts of +0.8%.
    • The euro is +0.2% to $1.3845. (PR)
    [Global & FX, Top News, Breaking News] Comment!
  • Wednesday April 16, 4:49 AM ET
    • Moelis' (MC) shares are due to debut on the NYSE today after the boutique investment bank raised $163M in its IPO by selling 6.5M Class A shares at $25 each, giving it a market cap of $1.36B.
    • The listing is the first for an investment bank since FBR & Co in 2007, but was smaller than expected, with Moelis previously offering 7.3M shares at $26-29.
    • The firm plans to use 80% of the proceeds for one-time payments to founder Ken Moelis and his partners; via B shares, which are given 10 votes each, Moelis has retained 97% of the voting power in the bank.
    • ETF: IPO
    [Financials, Top News] Comment!
  • Wednesday April 16, 4:40 AM ET
    • U.K. unemployment for the three months to February fell to 6.9% from 7.1% previously and came in under forecasts that were also 7.1%.
    • Average earnings including bonuses accelerated to +1.7% from +1.4% but missed expectations of +1.8%. Still, the figure brings wage growth in line with inflation of 1.7% after a long period in which salary rises remained well below CPI growth.
    • The pound spikes and is +0.2% at $1.6802, while the FTSE is +0.4%. (PR)
    • ETFs: FXB, EWU, GBB, FKU, EWUS, DXPS, DBUK
    [Global & FX, Top News, Breaking News] Comment!
  • Wednesday April 16, 4:25 AM ET
    • ASML's (ASML) Q1 net profit almost halved to €249.1M ($344M) from €481M in Q4 but exceeded expectations of €230M. Profit in Q1 a year earlier was €96M.
    • Sales slumped 24% on quarter to €1.4B, as expected. On year, revenue rose 57% from  €892M.
    • ASML downgraded its H1 sales forecast due to slowing revenues in Q2, saying it expects turnover of €3B including extreme ultraviolet (EUV) systems for producing smaller chips. The company's prior guidance was €3B excluding EUV products.
    • "That ASML is now including EUV in its sales guidance means a difference on a yearly basis of around €500-600M, which is about 10% of sales," says ING analyst Robin van den Broek.
    • Shares are -3.6% in Amsterdam. (PR)
    [Earnings, Top News, Tech] Comment!
  • Wednesday April 16, 4:08 AM ET
    • Alibaba Group (ABABA) could file the prospectus for its U.S. IPO on Monday, Reuters reports, adding that the listing could be worth over $16B.
    • The report comes after major shareholder Yahoo (YHOO) disclosed that Alibaba's Q4 net income surged 110% to $1.35B as revenue jumped 66% to $3.06B.
    • Alibaba's results helped Yahoo's shares climb 6.8% in AH trading. In Tokyo, shares in SoftBank (SFTBF), which owns 37% in Alibaba, jumped 8.5%.
    [Tech, On the Move, Earnings, Top News] Comment!
  • Wednesday April 16, 3:57 AM ET
    • Ukraine retook an airfield in the eastern Donetsk region yesterday after fighting with pro-Russian militias.
    • Ukrainian forces have also apparently surrounded the town of Slaviansk, which had been seized by the militias. In total, the separatists have taken over government and police buildings in up to 10 towns and cities in eastern Ukraine.
    • Ukraine's action has prompted Vladimir Putin to describe the country as being on the "brink of civil war;" it has also come ahead of talks tomorrow between senior diplomats from Russia, the EU, the U.S. and Ukraine.
    • Russia's Micex is -0.1%, while the USD-RUB is -0.4% at 36.095.
    • More on Ukraine
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
    [Global & FX, Top News] Comment!
More Breaking News »

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TOP ARTICLES6:11 AM ET WEDNESDAY APR 16
DIA 0.61%
SPY 1.03%
QQQ 0.92%
ETF Movers
JDST Direxion Daily Junior Gold Miners Index Bear 3X Shares ETF 11.24%
XOP SPDR S&P Oil & Gas Exploration & Production ETF 1.66%

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