Philippine group’s expansion at risk now that it expects to raise less capital

It was quiet out there in the markets—spooky quiet. All five of the calmest quarters for U.S. stocks in the past 20 years have occurred since the start of 2017. Then came Oct. 10-11, when markets were hit by a storm that came out of the clear blue sky. The S&P 500 fell 5.2 percent over two days. That represented the fifth-biggest increase in volatility in the almost 90-year history of the index and its predecessors, according to Rocky Fishman, a Goldman Sachs Group Inc. equity derivatives strategist.

In a market wrap, analysts at ANZ Bank New Zealand noted that global equities rebounded overnight, with solid earnings to kick off the season (Goldman Sachs, Morgan Stanley) buoying sentiment.

SK Materials’ earnings will continue to improve, said NH Investment and Securities on Oct. 18 raising the target price to 240,000 won (US$212.95) from 220,000 won.

Both gold and silver stalled on Tuesday. Was it because the equities rallied big or was it because they were both at resistance? From a technical perspective, they were both at resistance. It’s that simple.

CJ CheilJedang’s profits from overseas will expand if it wins the bid to acquire Schwan’s Company, the second-largest frozen pizza maker in the US, said Kiwoom Securities on Oct. 18 maintaining a “buy” recommendation and 430,000 won (US$380.09) target price.

Bitcoin is not meant to be an asset that is correlated to things like commodities and equities.

As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires. This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week’s price collapse. We’ve read everything from warnings of a $20 trillion dollar collapse to seeing Bloomberg’s SMART INDEX chart showing equity valuations are near historic market bottoms. It seems everyone wanted to get out and share their opinions – I guess we are no different.

Hotel Shilla’s earnings prospects are promising, said NH Investment and Securities on Oct. 17 maintaining a “buy” recommendation and 160,000 won (US$142.39) target price.

KUALA LUMPUR (Oct 17): The FBM KLCI gained 3.75 points or 0.22% today with Asian shares after US equities’ overnight rise.