Home / FINANCIAL NEWS / Stock market news, opening bell, September 29, 2017

Stock market news, opening bell, September 29, 2017



Members
of the Special Warfare Command give a demonstration of their
skills in the traditional Korean martial art of
taekwondo.

Reuters/Kim
Hong-Ji


Here is what you need to know.


Japanese inflation hits a multiyear high
.
Consumer
prices in Japan rose 0.7% year-over-year in August, their fastest
since March 2015, as higher energy prices provided a lift,
according to data released by Japan’s statistics bureau.


London home prices fall for the first time in 8
years
.
Prices slid 0.6% year-over-year in September,
making for the first decline since the third quarter of 2009,
Nationwide data showed.


South Korea bans ICOs
.
South Korea’s Financial
Services Commission banned the cryptocurrency-based fundraising
method on Friday, saying it had “serious concern about the fact
that the current market funds are being pushed into a
nonproductive speculative direction.”


AIG may be freed from its systemic-risk designation
.

The Financial Stability Oversight Council held an unusual
last-minute meeting Friday to discuss removing the tag of a
nonbank financial company, which two people familiar with the
discussions said was AIG, according to Bloomberg’s Jesse
Hamilton.


Fitch downgrades Deutsche Bank
.
The rating agency
lowered Deutsche Bank’s credit rating one notch to BBB+, saying,
“The downgrades reflect continued pressure on Deutsche Bank’s
earnings, combined with prolonged implementation of its
strategy,” Financial News reports.


Whole Foods is investigating a credit-card security
breach
.
The grocery chain announced Thursday that it
“recently received information regarding unauthorized access of
payment card information” at venues such as taprooms and
table-service restaurants located within stores. Those shopping
for groceries were not affected.


Elon Musk wants to fly people around the world in under an
hour
.
“If we’re building this thing to go to the
moon and Mars, then why not go to other places on earth as well,”
Musk said of BFR, the spaceship he hopes to use to get people to
Mars within five years.


Roku soars in its first day of trading
.
Shares
priced at $14, opened for trading at $15.78, and closed up by
nearly 70% at $23.50.

Stock markets around
the world trade mixed
.
China’s Shanghai Composite
(-0.17%) slipped overnight, and Germany’s DAX (+0.35%) is out
front in Europe. The S&P 500 is set to open little changed
near 2,509.


US economic data picks up
.
Personal income and
spending and PCE core prices will all be released at 8:30 a.m. ET
before Chicago PMI and University of Michigan consumer confidence
are announced at 9:45 a.m. ET and 10 a.m. ET. The US 10-year
yield is unchanged at 2.31%.

Check Also

NewStar Financial (NEWS) EPS Estimated At $0.13; Country Trust Bank Lifted Halliburton Company Common (HAL) Position

October 1, 2017 – By Ellis Scott Country …

Leave a Reply

Your email address will not be published. Required fields are marked *

thirteen − 8 =