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  • Today - Friday, August 28, 2015

  • 1:51 PM
    • Primark will open its first store in the U.S. on September 10 with an opening in Boston.
    • The chain is targeting teenagers and younger millennials with its low-cost lines.
    • The company has shown strong growth in the U.K. and other areas of Europe.
    • Primark is owned by Associated British Foods (OTCPK:ASBFF, OTCPK:ASBFY).
    | Comment!
  • 1:11 PM
    | 1 Comment
  • 10:07 AM
    • Vodafone (NASDAQ:VOD) has confirmed its plan to launch 4G service in India by year's end, joining a hot space after Bharti Airtel and Reliance Industries pressed their own 4G rollouts.
    • Vodafone has successfully begun tests, it says, and that Mumbai, Delhi, Kolkata, Bengaluru and Kochi -- "important data markets" -- would be part of the first wave.
    • With Airtel as the first mover, launching 4G service in about 300 cities and towns, and Reliance Jio to launch in December with a 1T-rupee investment ($16B), analysts warned of a round of price wars.
    • JPMorgan noted that along with the effect of price cuts, Reliance's re-entry of the market is affecting capex at rivals.
    | 3 Comments
  • 10:01 AM
    • Brazil's economy shrank 1.9% in Q2, missing forecasts for negative 1.7%. Investment fell 8.1% - its eight straight quarter of decline and the longest streak since the current data series started in 1996. Household consumption dropped 2.1%, its worse decline since 2001. Government spending rose 0.7%. The year-over-year inflation rate was 9%.
    • "The drop in consumption shows the crisis of confidence the economy is facing," says an economist. "This is going to be an intense and prolonged recession and I don't see a recovery this year."
    • The lame economic activity could spell doom for Brazil's credit rating - currently just above junk status.
    • The Bovespa is lower by 0.4%. EWZ -1.15%
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | 2 Comments
  • 6:00 AM
     
    • Japan +3.03%.
    • Hong Kong -1.04%.
    • China +4.82%.
    • India +0.61%.
    • London +0.08%.
    • Paris -0.11%.
    • Frankfurt -0.14%.
    | Comment!
  • 4:12 AM
    | 11 Comments
  • 2:40 AM
    • North Korean leader Kim Jong Un is calling this week's accord between the rival Koreas "a landmark occasion" for improved ties, but said it was the strength of its armed forces that made the deal possible.
    • Officials from the two nations held three-days of marathon talks after an exchange of fire across their border, raising fresh hopes for a push to restore talks and exchanges that had been cut off since 2010.
    • South Korea's KOSPI Index +1.6% to 1,938.
    • ETFs: EWY, KF, KEF, KORU, DXKW, FKO, HKOR, DBKO, QKOR, HEWY
    | 1 Comment
  • 2:05 AM
    • The Bank of Japan's key inflation gauge slumped to zero for a third time this year, heightening pressure on policymakers to offer fresh monetary support to reflate the world's third-largest economy.
    • Although Japan's core consumer price index was unchanged in July from a year earlier, other data provided a mixed picture for the start of the third quarter.
    • Household spending unexpectedly fell, retail sales rose 0.6% from June, and the job market remained tight (job-to-applicant ratio rose to 1.21).
    • Nikkei +3% to 19,136.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | 4 Comments
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