Bhinneka News Online: Reuters Daily Investor Update: April 19, 2017

Wednesday, 19 April 2017

Reuters Daily Investor Update: April 19, 2017

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Wednesday, April 19, 2017

Stocks edge up; bonds, gold fall as investors add risk

NEW YORK (Reuters) - World stock indexes mostly rose on Wednesday following mostly upbeat U.S. corporate earnings, while U.S. bond prices and gold fell as markets indicated improving risk sentiment.

Oil edges lower; U.S. crude supply data seen as bearish

NEW YORK (Reuters) - Oil edged lower on Wednesday, after U.S. data showed a smaller-than-expected decline in overall crude inventories coupled with another rise in production, hindering OPEC's efforts to reduce a global surplus of crude.

Change of fortune in bond trading boosts Morgan Stanley profit

(Reuters) - Morgan Stanley surprised Wall Street on Wednesday by producing a 74 percent jump in quarterly profit on the strength of a business that analysts and investors had for years written off as dead.

S&P, Nasdaq up as banks and techs gain; IBM dents Dow

(Reuters) - Gains in financial and technology stocks kept the S&P 500 and the Nasdaq firmly positive on Wednesday, while a slump in IBM held back the Dow.

Hybrid blues: China policies force Toyota into electric U-turn

SHANGHAI (Reuters) - The automotive industry's seemingly inexorable drive towards electric cars - and especially Chinese polices pushing new energy vehicles - has forced Toyota Motor Corp , the world's No.2 automaker by sales, into what one executive calls an "agonizing" strategy U-turn.

PPG dismisses Akzo Nobel defense, presses takeover case

AMSTERDAM (Reuters) - Pittsburgh-based PPG Industries dismissed proposals put forward by Dutch paintmaker Akzo Nobel on Wednesday to fend off its takeover bid and won support from activist hedge fund Elliott Advisors.

OPEC, non-OPEC to meet on same day as group's May gathering-sources

LONDON (Reuters) - OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.

China's Li says EU and China must promote free and fair trade

BEIJING (Reuters) - China and the European Union should promote a "positive signal" of economic globalization and free and fair trade, Premier Li Keqiang told the EU's top diplomat Federica Mogherini.

Booming ETFs help BlackRock weather investors' cost-cutting

NEW YORK (Reuters) - BlackRock Inc , the world's biggest asset manager, on Wednesday reported double-digit profit gains but missed revenue forecasts, results that underscore pressure on the fund industry as investors plow money into lower-cost index funds.

Abbott sales, profit propped up by St. Jude acquisition

(Reuters) - Diversified healthcare company Abbott Laboratories reported higher-than-expected quarterly sales and profit on Wednesday, driven by its $25 billion acquisition of St. Jude Medical.