TELETRADER News
4/15/2016, 10:53 PM (Source: TeleTrader)
more TeleTrader news

TTN Wrap

Here’s Friday’s wrap of the day:

Markets/economic data:

Shares in Asia halted the series of sessions with gains on Friday, as investors were digesting data released by China's statistics office. The Nikkei 225 fell 0.65%. China’s GDP grew 6.7% in Q1 2016.

European markets closed in the red, with a mountain of Chinese economic data, mildly higher oil prices and company earnings reports, and among them Citibank in the United States. The EuroStoxx 50 finished 0.21% lower, the DAX was down 0.42% at closing and the FTSE 100 finished a negative 0.34%.

U.S. markets closed slightly lower, with the Dow Jones Industrial 0.16% lower and the Nasdaq 100 down 0.25%. Apple stocks dropped just over 2% on the news the tech giant is cutting iPhone production.

Exports from the euro area increased by 1% to €163.5 billion in February from the same month of last year. Imports rose 2% to €144.4 billion, resulting in surplus cut from €20 billion to €19 billion.

Polymetal International Plc reported a net debt increase of 7% in the first quarter of 2016.

Infosys Limited reported revenues of $2.44 billion for the fourth quarter of 2016 financial year.

General Motors recalled 1 million trucks globally to fix seat belts.

Commoditites:

Oil prices continued to fall third day in a row ahead Doha meeting on April 17.

The number of oil rigs in the U.S. was 351 this week, which is three less than seven days ago, according to the weekly Baker Hughes oil rig count.

Tech:

Samsung Display Co. agreed to supply Apple Inc. in a deal worth $2.59 billion.

Apple ready to launch new ultra-thin MacBooks in the second half of 2016.

The U.S. government recommends users to uninstall Apple’s QuickTime player for Windows.

Google India rolled out Wi-Fi connection to nine new train stations.

Politics:

North Korea carried out unsuccessful ballistic missile launch in the honour of its founder’s birthday.

The U.K. police, cooperating with Belgium and France, arrested 5 individuals in Birmingham and Gatwick Airport on suspicion of terrorist attack.

Republican presidential candidate Ted Cruz highlighted that his fundamental focus as president will be to promote economic growth.

Anti-EU politicians Boris Johnson and Nigel Farage criticised U.S. President Barack Obama on the news that he would speak in favour of the U.K. staying in the EU when he visits Britain next week.

Breaking the News / VP