Source: hedgefundmgr.blogspot.com --- Saturday, April 23, 2016
Bloomberg: Earnings Engine Conks Out in Nasdaq's Worst Week Since February . Disappointing earnings reports erased $68 billion from shares of Netflix Inc., Microsoft Corp. and Alphabet Inc. and sent the Nasdaq 100 Index to its biggest weekly drop since February. Netflix saw its stock fall the most among the trio after rattling investors with forecasts for weakening subscriber growth overseas . The Los Gatos, California-based online video provider slid 14 percent, the largest drop since September. Concerns about a turnaround plan sent Microsoft down 7 percent while Google’s parent declined 5.4 percent on margin concerns. Sovereign-Debt Debate Divides EU as Schaeuble Pushes for Limits . European Union finance ministers split over whether to impose restrictions on banks’ holdings of government bonds, as German Finance Minister Wolfgang Schaeuble found scant support from skeptical colleagues for his push to overhaul existing rules. The Netherlands, which holds the EU’s rotating presidency, laid out five options for tackling the risks posed by banks’ state-debt pile for the bloc’s 28 finance ministers to discuss in Amsterdam on Friday . Schaeuble backed the Dutch initiative, while others, led by the Italian, Pier Carlo Padoan, warned that changes could destabilize the financial system and said the issue was too big for Europe to crack on its own. Carry Trade Gains Traction as Currency Volatility Turns Lower . Conditions in the $5. ...
from Microsoft http://ift.tt/1rrQpo2
No comments:
Post a Comment