The index has advanced in 10 of the past 12 months and is up almost 24 percent this year, putting it on track for its best performance in a decade. “We’ve had a very strong market in the month of October,” said David Kelly, chief global strategist at JPMorgan funds. “There are some people who will say we’re simply due for a correction, and you know what? They’re probably right.” Stocks they fell back from record levels on Wednesday after the Federal Reserve said the U.S. economy still needed help from its stimulus program.
Source: http://abcnews.go.com/Business/wireStory/stocks-edge-lower-ahead-fed-announcement-20727843
Fixed income and currency desks took the biggest Q3 hits – to leave equities with a larger slice of the trading pie – as concern over a scaling back of U.S. stimulus crimped volumes, scuppering a tentative rebound seen at the start of the year. Deutsche Bank, UBS and Credit Suisse reported a collective drop in trading income of around $2.5 billion after lower client activity in a “subdued” and “difficult” trading environment. BNP Paribas and Barclays also reported double-digit percentage drops in revenues from their fixed income businesses – a weaker trend begun by U.S. banks such as Goldman Sachs and JPMorgan. While revenues normally take a seasonal dip in the third quarter, most of the banks also saw a drop year-on-year, as the slide was exacerbated by economic and political uncertainty.
Source: http://www.reuters.com/article/2013/10/31/bank-trading-idUSL5N0IJ3JO20131031?type=companyNews&feedType=RSS
It puts the rest of us at a huge disadvantage.” LONG EXPECTED China becoming the world’s top oil importer has been a long time coming and many oil trading firms have positioned well for its growing influence on global markets. Some have hired staff to gather on-the-ground intelligence, tapped local consultancies for information and monitored proxy demand data such as power output. “They are not operating blind,” said Harry Tchilinguirian, global head for commodity markets strategy at BNP Paribas. “This trade shift just continues an already existing phenomenon.
Source: http://www.reuters.com/article/2013/11/01/us-china-usa-oil-idUSBRE9A00WG20131101
The Apple Reuse and Recycling Program offers $136 — but only in the form of an Apple Store gift card. Gazelle : $190. It’s also more forgiving on nicks and scratches. NextWorth : $180. It’s also accommodating on the tablet’s condition.
Source: http://money.cnn.com/2013/10/20/technology/mobile/ipad-trade-in/index.html
(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.) Report Highlights: Facebook Inc /quotes/zigman/9962609/delayed/quotes/nls/fb FB -0.61% : By the end of last trading session, the shares of Facebook /quotes/zigman/9962609/delayed/quotes/nls/fb FB -0.61% earned 2.44% (or US$1.20) to US$50.21 with 248.81 million shares exchanged hands, compared to daily average volume of 84.76 million. After releasing its strong Q3 earnings, the company stock soared about 17% during the after-hours. But the shares slipped due to investors worried about the comments of CFO David Ebersman that regarding a decrease in daily users among younger visit our website teenagers. Insiderslab.com found company VP, Gen.
Source: http://www.marketwatch.com/story/insider-trading-tips-for-facebook-intel-bank-of-america-avon-expedia-and-jds-uniphase-2013-11-01
Marisa’s Dandelion Patch 