Aviva’s equities star predicts Brexit rebound for UK companies
David Cumming, who joined Aviva Investors in January, believes foreign investors will pile back into UK stocks once a Brexit deal has been secured
David Cumming, who joined Aviva Investors in January, believes foreign investors will pile back into UK stocks once a Brexit deal has been secured
Emerging markets have underperformed significantly since the start of the year, despite an economic backdrop that is supportive of emerging market equities. According to to Overberg Asset Management, this seems unreasonable.
Reliance Industries, Asian Paints among top gainers
CJ CGV has missed third-quarter earnings expectations, said Korea Investment and Securities on Nov. 9 lowering the target price to 55,000 won (US$69.31) from 78,000 won while maintaining a “buy” recommendation.
The US mid-terms have passed, and while there were signs throughout yesterday’s trade that the vote would throw up a few curly situations, the outcome fell broadly in line with market expectations.
Kakao’s advertisement sector is looking up, said Kiwoom Securities on Nov. 9 raising the target price to 130,000 won (US$115.94) from 125,000 won.
Canada’s main stock index opened higher on Wednesday, driven by gains in energy and technology shares.
3D Systems Co. (NYSE:DDD) – Stock analysts at B. Riley lowered their Q4 2018 earnings per share (EPS) estimates for 3D Systems in a report issued on Wednesday, October 31st. B. Riley analyst C. Horn now forecasts that the 3D printing company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. B. Riley currently has a “Sell” rating and a $9.00 target price on the stock.
Hyundai Mipo Dockyard will receive increasing orders, said eBEST Investment and Securities on Nov. 7 maintaining a “buy” recommendation and 130,000 won (US$115.80) target price.
Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with expectations for the Republicans to hold the Senate and the Democrats to take a majority of the House for the first time since 2010. Bonds and stocks have rallied. Asia-Pacific equities were mixed. While equities in Japan, China, and Korea were lower, the rest of the region posted modest gains. European markets are more decisively moving higher and the Dow Jones Stoxx 600 is up near 1.2% in late morning turnover, in which all the major industry groups are higher. US shares are posting gains, The S&P 500 may gap above the 200-day moving average at the open. Most gaps are closed rather quickly, though gap on October 31 remains on filled, and if it is a measuring gap as we have suggested, it points to a test on 2800.