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Thomas Cook Group, TUI Travel see declines
Europe's equities markets saw gains Thursday on gains for banks, insurers and the pharmaceuticals sector.In London, the FTSE 100 added 0.49 percent to 3,712.06 while the FTSE 250 gained 0.56 percent to 6,060.31.Travel groups were down as Thomas Cook Group (LSE: TCG) had the worst day on the 100 with a decline of 11.43 percent [...]
Finance Markets

Closing Market Recap: Stocks, Treasuries and Oil Post Big Gains
(CEP News)? S&P 500 Gains 4.1%? Swiss National Bank Rocks FX Markets With Vow to Intervene? Strong Equities Drag Down U.S. Dollar? Treasuries Rally After Strongest Bond Auction Since 2006? Oil Climbs More Than 10%
Economic News

GE leads Wall Street rally
US equity markets slipped at the open on Thursday, with financial stocks falling and ending a winning streak that lasted two days
FT

Indian markets rise to catch up with global bourses
Mumbai, March 12 : Indian equities markets surged Thursday after a two-day break to catch up with bourses across the world that have made smart gains during the period. A key index ended trade 2.25 pe...
Big News Network

Buttonwood: The bear necessities
The market may have been terrible but investors’ odds are improvingHURRICANES, volcanic eruptions and tornadoes have a savage beauty that takes the breath away, even as one laments their destructive power. And bear markets can also be awe-inspiring in their scale and scope.There has been no hiding place for equity investors. Standard & Poor’s points out that all the major bourses are at least 50% below their peaks. Most of them are 60% down. It has been no use buying smaller stocks, or value stocks (those that look cheap in terms of earnings, assets or dividends); all have fallen by a similar amount. Diversification has been a washout: stockmarkets have been almost perfectly correlated with each other. ...
Economist

Global insurance: The next domino?
Insurance firms teeter on the brinkIF BANKS go bang, life insurance firms sputter. That was the theory going into the crisis. Both hold financial assets, like corporate debt, that have incurred losses, but the nature of insurers’ liabilities should allow them to ride out short-term volatility. Banks depend on nervy depositors and wholesale lenders. Life insurers typically have low gearing, and the policyholders who fund the bulk of their assets are “sticky”, with long-term contracts that incur penalty charges if they are cancelled. As a result regulators and credit-rating agencies promised to avoid knee-jerk reactions to mark-to-market losses. They were further reassured by the shift of insurers in the past decade from equities into supposedly safer credit investments, and their low exposure to the toxic structured-credit assets that blew up many banks.Yet a year and a half into the financial crisis, this defence looks hollow. America’s life insurers are now und
Economist

GE's Ratings Rally: Where Does The Stock Go Now?
You would think a ratings downgrade would send General Electric (GE) reeling. Think again. In midday trading, General Electric was up 11.54% to $9.47. Since 1956, General Electric has carried the platinum standard in the credit markets: a triple-A credit rating from Standard & Poor's. On Thursday, GE was nudged off that perch when S&P downgraded GE's long-term ratings to AA+. But since the ratings downgrade was widely anticipated-S&P revised GE's outlook to negative in December-the investors and analysts I spoke to Thursday say they breathing a bit easier. Tom Uutala, an equity analyst at Victory Capital Management in Cleveland, says he is encouraged to see that S&P's "carefully worded" ratings report offered a stable outlook for the company. And S&P only downgraded GE by one notch to AA+, instead of two notches, he notes. "One of the headwinds we knew was coming is now behind us," Uutala says. 'We move forward from here."At Hardesty Capital Management in Baltimore, just ab
BusinessWeek

Trai suggests 3-year lock-in for stake sale
New telecom licencees tend to sell equity stake as they get start-up spectrum (radio frequency) bundled with the licence and demand huge premium in the market.
The Times Of India

Market-Neutral Funds Get Highest Ratings
Stock funds that go both long and short reduce risk, which helped in the equity market's slide.
The Street

Leveraged Funds Define `High Risk`
Nine of the 10 equity mutual funds with the worst ratings use leverage to amplify returns.
The Street

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