News by tag: Wall Street

08.01.2018

Syngenta, now delisting is official

Syngenta AG announces that today it will file the relevant form with the Securities Exchange Commission (“SEC”) in order to voluntarily delist its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”). The delisting will become effective on January 18, 2018. NYSE has advised Syngenta AG that it will suspend trading of the ADSs prior to the market opening on January 8, 2018. As such, holders of ADSs will not be able to trade their ADSs on NYSE thereafter.

 
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22.12.2017

Spotify is moving to NYSE with do-it-yourself strategy

The U.S. Securities and Exchange Commission is expected to clear the way for music-streaming service Spotify to go public using the unusual method of a direct listing. The successful music-streaming service Spotify will release its stocks to the public in 2018 through a direct offering instead of the traditional IPO. Before Spotify can directly list its shares, the New York Stock Exchange must win approval from the SEC to change its rules. “The NYSE has applied for such a change and the SEC has indicated to Spotify it’s likely to approve,” The Wall Street Journal reported.

 
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04.12.2017

Beware This Rotation

Call it profit taking, call it sectors rotation, the sudden increase in volatility that hit Wall Street just at the dawn of the last month of the year deserves some attention. Most of 2017 has been spent in an uptrend driven by the Technology sector and no significant drop hit the market during the year. Another peculiarity of 2017 has been the constant decrease in correlation among sectors: most stocks usually follow a common trend, not this year.

 
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13.11.2017

Volatility for Sale

The VIX has recently been recording record lows, and even if it went up to 12.57 on Friday, 10th November 2017, due to jitters caused by the news of a probable delay in a cut in the corporate tax rate, it is still very low historically. The VIX has been taken to indicate the fear of investors regarding trading, and it can also be a measure of complacency.

 
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26.07.2017

The lowest VIX since 1993 sends messages to investors

The CBOE Volatility Index .VIX, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, was down 0.24 points to 9.19, after earlier falling to 9.04, its lowest since December 1993. The VIX has never ended a session under 9 in its history but is on pace to log a close near that level today.  The VIX is derived from the price of S&P 500 Index .SPX options. A low VIX reading typically indicates a bullish outlook for stocks.

 
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12.06.2017

Derivatives and Low Volatility

The financial markets have become, to use David Stockman`s phrase, one huge gambling casino. The size of the derivative market, which is now an impressive $639 trillion, dwarfs the trivial Forex daily turnover of only $5 trillion. What is disturbing is that volatility has recently hovered at 10 or even below except for a slight blip a few weeks ago.

 
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12.06.2017

Wall Street can't sleep, bloody nightmare is near

David Stockman's prophecy over Wall Street seems to announce an Annus Horribilis : "This is one of the most dangerous market environments we've ever been in. It's the calm before a gigantic, horrendous storm that I don't think is too far down the road," he recently said on "Futures Now."

 
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09.06.2017

US: The House to abolish Wall Street rules

House Republicans voted Thursday to deliver on their promise to repeal Dodd-Frank — the massive set of Wall Street regulations President Barack Obama signed into law after the 2008 financial crisis. House Resolution 10, or the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act of 2017, passed by a vote of 233-186 in the lower chamber; eleven representatives did not vote.

 
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09.05.2017

Wall Street VIX Index falls to lowest since 1993

The most widely monitored ‘fear gauge’ on Wall Street has fallen to its lowest level since 1993, helped by one of the strongest corporate earnings seasons in years, geopolitical risks around North Korea cooling off, and Emmanuel Macron’s French presidential victory removing a possible source of upset across Europe. The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, closed at 9.77, its lowest close since December 1993, according to Bloomberg data. The index is the most widely followed barometer of expected near-term stock market volatility and tends to spike when there are potential sources of shock on the horizon. But analysts said this week that there are no obvious risky events immediately in the pipeline and macro-economic data has been relatively robust too.

 
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09.05.2017

Apple climbs over the $800 billion wall

Apple is the world's most valuable publicly traded company, and it just broke its own record. Shares opened at $149.06 a piece on Monday, with 5.2 billion outstanding shares. Following a positive analyst report, Apple’s shares rose over 3% in midday trading to a record high of $153.70. At one point, the company's market value rose above $800 billion before retreating below that barrier. Apple's shares closed up 2.7% for the day at $153.01, good for a market value of $797.8 billion.

 
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Events


Semptember 2015
  • 22
    Jan

    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

  • 22
    Jan

    The climate transition creates opportunities and risks, and financial institutions and corporations

  • 22
    Jan

    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

  • 30
    Jan

    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

  • 31
    Jan

    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

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