Bhinneka News Online: Daily Investor Update: Wall Street rises as investors bet on 2018 gains

Tuesday, 2 January 2018

Daily Investor Update: Wall Street rises as investors bet on 2018 gains

Click to View in Browser

Tuesday, January 2, 2018

Wall Street rises as investors bet on 2018 gains

(Reuters) - The S&P 500 and the Nasdaq closed at record highs on Tuesday in the first session of the new year as investors were optimistic that 2018 will bring more gains for the market.

Passenger rights group takes legal action that could block Niki sale to IAG

FRANKFURT (Reuters) - A group representing airline passengers has taken legal action to shift insolvency proceedings for budget airline Niki to Austria from Germany, in a move that could endanger the sale of the Air Berlin unit to Britain's IAG .

Global equity markets rise in new year, dollar falls

NEW YORK (Reuters) - European stocks closed lower on Tuesday, the first trading day of 2018, while Wall Street advanced and the U.S. dollar fell to its weakest in over three months against key currencies.

BP sets $1.5 billion charge for U.S tax changes but sees long-term boost

LONDON (Reuters) - Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday.

Boeing-Embraer talks have not settled question of control: sources

SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday.

Airbus delivered over 700 jets in 2017, met target: sources

LONDON (Reuters) - European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said.

Amazon says over 5 billion items shipped in 2017 via Prime

(Reuters) - Online retailer Amazon.com Inc said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service in 2017 while adding more new members than ever before.

Oil hits highest since mid-2015, then dips

LONDON (Reuters) - Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades.

Bankers to burn midnight oil ahead of 'MiFID' dawn

LONDON (Reuters) - Bankers will work through the night to iron out last minute hitches before Wednesday's launch of a major reform of European Union financial markets that aims to apply lessons from the financial crisis nearly a decade ago.

Ryanair applies for UK license to shore up routes before Brexit

DUBLIN (Reuters) - Ryanair recently applied for a British air operating license in a move it said on Tuesday may be required to keep its small domestic UK service operating in the event of a hard Brexit.