Germany’s benchmark index DAX reached an all-time record high of 11,158.55 yesterday on intraday basis before closing the day at a record 11,130. The index reached another high on Friday. In addition to DAX, UK’s FTSE 100 also came close to reaching 6,950 which it first crossed in late 1999. The FTSE has now hit a 15-year high this week. Though it …
The “sin” sector in the equity markets includes companies that operate in businesses such as making and selling liquor, weapons, casinos and cigarettes. These are called “sin” industries for the obvious reason that people engaging such activities as drinking alcohol or gambling are committing sins. These industries tend to have high profit margin and there is money …
The following is a list of notable corporate actions on some of the ADR programs as of Feb 20, 2015: Shandong Luoxin Pharmacy Stock Co. Ltd (SLUXY) changed its name to Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. Ricoh Company Ltd (RICOY) changed its ratio to 1 Depository Share : 1 Ordinary share from 1 Depository …
Continue reading ‘ADR Programs: Corporate Actions Update Year-to-date’ »
Global equity valuations have recently peaked to reach earlier highs and stocks are now more dependent on earnings to move higher, according to an article by Jeffrey Kleintop of Charles Schwab. From the article: Earnings are the most important driver of the stock market over the long term. The global stock market, as tracked by the MSCI …
Continue reading ‘The P/E Ratio of Global Stocks Have Peaked’ »
The Indian stock market was one of the best performing markets in 2014 with a return of nearly 30% for the Sensex in local currency terms. This followed a 26% return in 2012 and 9% return in 2013 respectively. Year-to-date the index is up by 6.60% as of Feb 18th. Andrew Graham of Martin Currie,UK …