Nine Energy Service Inc
2.5083 - 2.8
0.794 - 8.1
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@dros, Musk had two more kids in Nov with Shivon Zilis, "one of his top executives," currently the director of operations and special projects for Neuralink. He now has nine "known" children. This gives new meaning to idea that Musk never sleeps.
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Tiger Woods turned down nine-digit offer from LIV Golf league
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By Kanupriya Kapoor (Reuters) - Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, with Australian shares up 0.72%, Seoul adding 0.84% and Taiwan advancing 1.07%. Hong Kong's Hang Seng and China's main indexes also traded higher, while Japan's Nikkei share average slipped 0.04%. European markets also looked set for a firmer open, with pan-European futures up 0.93% and FTSE 100 futures rising 0.88%. The U.S. dollar index =USD - which measures the currency against six major rivals - rebounded 0.16% to 101.92, a level not seen since April 26. Meanwhile the kiwi hit a three-week high of $0.65 after the New Zealand central bank raised rates by an aggressive 50 basis points and signalled more to come. Overnight, Wall Street reeled from weak housing and manufacturing data, while U.S. central bankers backed two more big interest rate hikes as early as June and July to fight 40-year-high inflation. The Nasdaq Composite dropped 2.35% and the S&P 500 lost 0.81%.[.N] New home sales in the U.S. fell 16.6% month-on-month in April, the largest decline in nine years, sending U.S. Treasuries yields down to one-month lows as investors turned once again to safety. The benchmark 10-year note was at 2.766% and the 2-year yield was at 2.522%. But Atlanta Fed President Raphael Bostic warned headlong rate hikes could create "significant economic dislocation" and was among a handful of Fed policymakers who favour reducing the pace of rate hikes later in the year if inflation cools. Investors in Asia remain similarly nervous about growth being impacted by the effects of persistent Chinese COVID-19 lockdowns, which threaten to undermine recent stimulus measures in the world's second-largest economy. "In Asia, investor debate centers on whether or not China's easing policies are sufficient to offset downward pressures,” Stephen Innes of SPI Asset Management said in a note. "Fiscal multipliers will be minimal in an economy where economic activity have slowed sharply. Moving beyond mobility restrictions in short order is a pre-condition, but not a guarantee, for an Asia-led economic recovery." Gold prices dipped 0.19% to $1,862.27 per ounce, having risen to their highest in two weeks on Tuesday, as the greenback gained. Oil prices climbed more than 1% on the prospect of tight supplies. U.S. crude futures rose to $111.05 a barrel, and Brent rose to $114.86.
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By David Shepardson WASHINGTON (Reuters) -Investigators looking into the crash of a China Eastern Airlines (NYSE:CEA) jet are examining whether it was due to intentional action on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. The Wall Street Journal reported on Tuesday that flight data from one of the Boeing (NYSE:BA) 737-800's black boxes indicated that someone in the cockpit intentionally crashed the plane, citing people familiar with the preliminary assessment of U.S. officials. Boeing Co , the maker of the jet, and the U.S. National Transportation Safety Board (NTSB) declined to comment and referred questions to Chinese regulators. The Civil Aviation Administration of China (CAAC), which is leading the investigation, did not respond immediately to a request for comment. The Boeing 737-800, en route from Kunming to Guangzhou, crashed on March 21 in the mountains of the Guangxi region, after a sudden plunge from cruising altitude, killing all 123 passengers and nine crew members aboard. It was mainland China's deadliest aviation disaster in 28 years. The pilots did not respond to repeated calls from air traffic controllers and nearby planes during the rapid descent, authorities have said. One source told Reuters investigators were looking at whether the crash was a "voluntary" act. Screenshots of the Wall Street Journal story appeared to be censored both on China's Weibo (NASDAQ:WB) social media platform and the Wechat messaging app on Wednesday. The hashtag topics "China Eastern" and "China Eastern black boxes" are banned on Weibo, which cited a breach of laws, and users are unable to share posts on the incident in group chats on Wechat. The CAAC said on April 11 in response to rumors on the internet of a deliberate crash that the speculation had "gravely misled the public" and "interfered with the accident investigation work". A woman who asked to be identified only by her surname, Wen, who lost her husband in the crash, told Reuters on Wednesday that she had not seen the Wall Street Journal report but hoped the results of the investigation would be released soon. Wen said she and other victims' family members had signed an agreement with China Eastern that included a point about compensation, but she declined to say how much had been offered. China Eastern did not immediately respond to a request for comment. The Wall Street Journal said the airline had said in a statement that no evidence had emerged that could determine whether there were any problems with the aircraft. NO TECHNICAL RECOMMENDATIONS The 737-800 is a widely flown predecessor to Boeing's 737 MAX but does not have the systems that have been linked to fatal 737-MAX crashes in 2018 and 2019, which led to a lengthy grounding of the MAX. China Eastern grounded its entire fleet of 737-800 planes after the crash but resumed flights in mid-April, a decision widely seen at the time as ruling out any immediate new safety concerns over Boeing's most widely used model. In a summary of an unpublished preliminary crash report last month, Chinese investigators did not point to any technical recommendations for the 737-800, which has been in service since 1997 with a strong safety record, according to experts. NTSB Chair Jennifer Homendy said in a May 10 Reuters interview that board investigators and Boeing had traveled to China to assist the Chinese investigation. She noted that the investigation had not found any safety issues that would require any urgent action. Homendy said if the board had any safety concerns it would "issue urgent safety recommendations." The NTSB assisted Chinese investigators with the review of black boxes at its U.S. lab in Washington at China's request, despite political tensions between the countries. CAAC said the NTSB confirmed that it did not release information about the China Eastern crash to media, the state-owned Global Times reported. Shares of Boeing closed up 6.5%. A final report into the causes could take two years or more to compile, Chinese officials have said. Analysts say most crashes are caused by a cocktail of human and technical factors. Deliberate crashes are exceptionally rare globally. Experts noted the latest hypothesis left open whether the action stemmed from one pilot acting alone or the result of a struggle or intrusion but sources stressed nothing has been confirmed. The cockpit voice recorder was damaged during the crash and it is unclear whether investigators have been able to retrieve any information from it. In March 2015, a Germanwings co-pilot deliberately flew an Airbus A320 into a French mountainside, killing all 150 on board. French investigators found the 27-year-old was suffering from a suspected "psychotic depressive episode," concealed from his employer. They later called for better mental health guidelines and stronger peer support groups for pilots.
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9 Out of 10 Central Banks Exploring Digital Currency, BIS Says https://www.coindesk.com/policy/2022/05/06/nine-out-of-ten-central-banks-exploring-digital-currency-bis-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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Nine Out of Ten Central Banks Exploring Digital Currency, BIS Says https://www.coindesk.com/policy/2022/05/06/nine-out-of-ten-central-banks-exploring-digital-currency-bis-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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By Alun John HONG KONG (Reuters) - Asian shares were set for their best day in six weeks on Friday led by Chinese tech stocks after reports of a possible resolution to the Sino-U.S. audit dispute, giving investors much needed respite from worries of a global economic slowdown. Still, a key regional share index was set for its worst month in nine as the Ukraine war and expectations for aggressive U.S. rate hikes in coming months have added to the anxieties, propelling the safe-haven dollar to near 20-year peaks. Hong Kong listed tech stocks rose as much as 10% on Friday as trading resumed after the lunchtime pause. Ecommerce players JD (NASDAQ:JD).com and Alibaba (NYSE:BABA) each rose as much as 15% and Meituan gained around 12%. All three are listed in both the U.S. and Hong Kong bourses. They and their peers' stock prices had been affected by U.S. moves to delist Chinese companies because Beijing restricted the U.S. audit regulator's access to their audit documents. Reports on Friday that a resolution to the dispute was in sight had driven the sharp gains, said Steven Leung executive director of institutional sales at brokerage UOB Kay Hian in Hong Kong. The gains from Chinese index heavyweights sent MSCI's broadest index of Asia-Pacific shares outside Japan 1.9% higher, which would be its best day since March 17. Also helping was the Politburo, the top decision-making body of China's Communist Party, saying China will step up policy support to stabilise the economy, and a strong Wall Street after robust earnings from Facebook (NASDAQ:FB) parent Meta Platforms had driven the Nasdaq 3% higher overnight. [.N] However, Nasdaq futures fell around 0.7% in Asia trade, pressured by disappointing earnings from Amazon (NASDAQ:AMZN) after market close. European futures rose 1.29% and FTSE futures advanced 0.86%. LONGER TERM FEARS Friday's gains marked a recovery to the brutal sell-offs in globally stocks in recent weeks. The Asian regional benchmark is heading for a 5.6%% drop for the month, its worst month since July 2021. Until Friday's gains, it was set for its worst month in two years. "There are four near term catalysts driving the market at the moment: U.S. earnings which we are about half way through, rising U.S. Treasury yields and lots of hawkish speak from the Fed, the war in Ukraine, and China policy," said Fook-Hien Yap, senior investment strategist at Standard Chartered (OTC:SCBFF) Wealth Management. Yap believes Asian shares have room to rise further as much of the bad news was already priced in, though a strong rally in risk assets like equities would need U.S. yields to steady. The benchmark 10 year yield finished the U.S. session at 2.8205%, having reached as high as 2.981% on April 20. The two year yield was at 2.6132%. [US/] They didn't trade in Asia on Friday due to the holiday in Tokyo. This week has also been a volatile one for currencies. The dollar index, which tracks the greenback against six major peers fell 0.38% to 103.27 on Friday due to the improved risk sentiment, but was still not far from Thursday's high of 103.93 - its highest level since late 2022. The index's current monthly gain of 5% would be its best since 2015. On top of the safety-bid for the dollar, the rally has also been fed by market expectations for 150 basis points of rate hikes in just three Federal Reserve meetings. The aggressive Fed tightening path, mainly to curtail sky high inflation, far out paces other global central banks. The dollar's recent gains have been most significant against the yen, and it swept past the key psychological 130 yen level on Thursday, setting a fresh 20 year high. [FRX/] Weakness in China's yuan gathered pace on Friday, putting the currency on track for its biggest monthly drop since 1994, pressured by broad dollar strength and lockdowns in many major cities to curb the spread of COVID-19. Oil prices remained choppy as traders grappled with the supply issues stemming from the war in Ukraine as well as the demand impact of lockdowns in China. Brent crude rose 0.9% on Friday to 108.56 per barrel, U.S. crude rose 0.65% to $106.02. [O/R] Spot gold rose 0.65% to $1906.7 an ounce. [GOL/]
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By Peter Nurse Investing.com - European stock markets are expected to open marginally higher Tuesday ahead of the start of another round of peace talks between Ukraine and Russia in Turkey this week. At 2 AM ET (0600 GMT), the DAX futures contract in Germany traded 0.4% higher, CAC 40 futures in France climbed 1.2% and the FTSE 100 futures contract in the U.K. rose 0.6%. Ukrainian and Russian negotiators are set later Tuesday to meet in Turkey for face-to-face talks, the first direct talks between the two sides in more than two weeks. However, despite the stock market gains, there appears little hope of a breakthrough, with Kyiv seeking a ceasefire without compromising on territory or sovereignty while Russia continues to make territorial demands, including Crimea, which Moscow seized and annexed in 2014, and some eastern territories. Ahead of the talks, Ukrainian President Volodymyr Zelensky on Monday urged Western nations to toughen sanctions quickly against Russia, including an oil embargo, something a number of European countries have been reluctant to impose given their reliance on Russian energy supplies. U.S. and German government officials are set to meet later this week with energy industry executives to discuss ways to boost alternative supplies for Germany, the Eurozone’s largest economy which has been reliant on Russian oil and gas. Looking at the European economic data slate, the GfK German consumer climate index fell to -15.5 for April, down from a revised -8.5 the previous month, as the war in Ukraine and rising commodity prices weigh on sentiment. Later in the session, the Bank of England is set to publish its latest Quarterly Bulletin, which will be studied carefully as the U.K. central bank continues to increase interest rates. In corporate news, Sanofi (NASDAQ:SNY) will be in the spotlight after the French healthcare group raised its peak sales target for eczema-treatment product Dupixent to more than 13 billion euros ($14.3 billion). Oil prices retreated Tuesday, continuing the previous session’s weakness on fears that a surge in Covid-19 cases in China will hit demand from the world’s top crude importer and ahead of the Ukraine/Russia peace talks. The city of Shanghai, China’s financial hub, remains under a two-stage, nine-day lockdown to curb rising numbers of Covid cases. Sanctions imposed on Russia after it invaded Ukraine have disrupted oil supplies from the world’s second largest crude exporter, sending prices to 14-year highs earlier this month. By 2 AM ET, U.S. crude futures traded 0.6% lower at $105.36 a barrel, while the Brent contract fell 0.5% to $108.98. Both benchmark contracts lost around 7% on Monday. Additionally, gold futures fell 0.9% to $1,922.85/oz, while EUR/USD traded 0.1% higher at 1.0987.
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Bottomed out? MINA rises 75% nine days after hitting its worst level to date https://cointelegraph.com/news/bottomed-out-mina-rises-75-nine-days-after-hitting-its-worst-level-to-date
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China’s Digital Yuan Targeted in New Bill From Nine GOP Senators https://www.coindesk.com/policy/2022/03/10/chinas-digital-yuan-targeted-in-new-bill-from-nine-gop-senators/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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By Devik Jain and Sabahatjahan Contractor (Reuters) - Wall Street's main indexes fell on Thursday, with technology stocks leading the declines after data showed consumer prices surged in February, cementing the case for an interest rate hike by the Federal Reserve later this month. The Labor Department's report showed consumer prices shot up 7.9% year-on-year, the sharpest annual spike in 40 years. While the numbers matched economists' expectations, investors feared that inflation would accelerate further in the coming months as Russia's war against Ukraine drives up the costs of oil and other commodities. Nine of the 11 major S&P sectors declined, with technology, down 1.9%, falling the most after leading a Wall Street rally in the previous session. Chipmakers fell 2.2%. Energy shares rose 1.2% after taking a breather on Wednesday. [O/R] "Bottom line is inflation is elevated and there's more to come," said Peter Cardillo, chief market economist at Spartan Capital Securities. "I was looking for inflation to peak in the second quarter but now that depends on oil. Perhaps we won't see any relief until the end of the year." Fed Chair Jerome Powell last week said he would back a quarter point rate increase when the U.S. central bank meets next week and would be "prepared to move more aggressively" later, if inflation does not abate as fast as expected. Traders now see a 95% probability of a 25-basis-point hike by the Fed in its March meeting. [IRPR] Big banks fell, with Citigroup (NYSE:C) down 2.1%. Goldman Sachs Group Inc (NYSE:GS) said it was closing its operations in Russia, becoming the first major Wall Street bank to exit the country following Moscow's invasion of Ukraine. Meanwhile, talks between Russia and Ukraine yielded no progress as the war entered the third week on Thursday. At 09:55 a.m. ET, the Dow Jones Industrial Average was down 246.12 points, or 0.74%, at 33,040.13, the S&P 500 was down 39.51 points, or 0.92%, at 4,238.37, and the Nasdaq Composite was down 190.70 points, or 1.44%, at 13,064.84. Megacap growth stocks Microsoft Corp (NASDAQ:MSFT), Meta Platforms and Tesla (NASDAQ:TSLA) Inc all slipped more than 1%, while Nvidia (NASDAQ:NVDA) Corp and Apple Inc (NASDAQ:AAPL) dropped over 2.5% each. Shares of Amazon.com Inc (NASDAQ:AMZN) jumped 4.8% after its board approved a 20-for-1 split of the e-commerce giant's common stock and authorized a $10 billion buyback plan. Declining issues outnumbered advancers 2.71-to-1 on the NYSE and 3.10-to-1 on the Nasdaq. The S&P index recorded one new 52-week high and four new lows, while the Nasdaq recorded 14 new highs and 79 new lows.
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CEI - Ideally 1.40 / 1.50 / 1.60 to scale in short NINE - Ideally 5.50 / 6.00 / 6.50 to scale in short INDO - Ideally 42 / 45 / 47 to scale in short IMPP - Ideally 4.80 break for a move back to red HUSA - Ideally 8.00 / 8.50 / 9.00 to short USEG - Ideally a big pop toward 8.00 to short SBFM - IGNORING the short for now
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IMPP - Potential FIRST RED DAY setup. Ideally pushes toward r/g and FAILS. Goal here is to scale in using whole and half dollar marks. More commentary at the open INDO - Head of the snake. The "Sector" will follow this. So keep it as an index. Same thing, potential FRD setup CEI - Ideally short when it goes RED HUSA - Ideally short when it goes RED GBR - Looking t short this if r/g FAILS with the plan to scale 5.50 / 6.00 and stop over previous days HOD NINE - This might stay strong so WAITING HERE. More commentary at open https://myinvestingclub.com/trading/sector-plays-size-first-red-day-sympathy-plays-trader-clinic-ep-2/
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Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25 https://cointelegraph.com/news/finance-redefined-1password-partners-with-phantom-and-stark-deploys-nine-dapps-feb-18-25
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By Carolyn Cohn LONDON (Reuters) - Global stocks hit three-week lows and oil rose on Monday as worries increased that Russia will invade Ukraine. Russian forces killed a group of five saboteurs who breached the country's southwest border from Ukraine on Monday, news agencies quoted the military as saying, an accusation that Kyiv dismissed as the latest in a series of fakes. Kyiv and the West fear that a border incident near eastern Ukraine could be used as a pretext for Moscow to attack its neighbour. Russia denies such plans. Markets are on high alert for any escalation in the crisis. MSCI's world equity index fell 0.4% to 700.11, with Monday's public holiday in the United States, which will keep Wall Street closed, thinning trade and adding to the volatility. S&P 500 stock futures fell 0.66%. Nasdaq futures dropped 1.2%. European stocks dropped 1.65% to their lowest in more than four months. British stocks fell 0.5%. Shares in companies exposed to Russia and Ukraine fell heavily. U.S. stock futures and European stocks lost earlier gains made on news that U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to hold a summit on the Ukraine crisis. The Kremlin said there were no concrete plans in place for a summit, though a call or meeting could be set up at any time. "The Kremlin made clear today that they are in no rush for a summit with Biden," said Tim Ash, strategist at BlueBay Asset Management. British foreign minister Liz Truss said she was stepping up preparations with allies for a worst-case scenario, adding that a Russian invasion of Ukraine was highly likely. In a reminder of the stakes, Reuters reported Biden had prepared a package of sanctions that includes barring U.S. financial institutions from processing transactions for major Russian banks. The rouble slid nearly 3% against the dollar and Russian shares slumped 9% their lowest in 14 months. The U.S. dollar index dipped 0.1% to 95.668, well short of a 1-1/2 year high of 97.441 hit last month. The euro was little changed at $1.1327, while yields on German 10-year government bonds, seen as Europe's safest asset, hit two-week lows at 0.185%. [FRX/] A preliminary Purchasing Managers' Index survey showed the euro zone economy rebounded sharply this month as an easing of coronavirus restrictions gave a boost to the dominant service industry. "A Russian invasion of Ukraine would make the job of central banks across Europe much harder," said Matteo Cominetta, senior economist at Barings Investment Institute. "Investors should position for even higher uncertainty and probability of policy mistakes." Markets are also expecting aggressive policy tightening by the U.S. Federal Reserve as inflation runs rampant. The Fed's favoured measure of core inflation is due out later this week and is forecast to show an annual rise of 5.1% - the fastest pace since the early 1980s. At least six Fed officials are set to speak this week and markets will be hyper-sensitive to their views on a possible hike of 50 basis points in March. Recent commentary has leant against such a drastic step and futures have scaled back the chance of a half-point rise to around 20% from well above 50% a week ago. In oil markets, Brent crude rose by $1 to $94.41 on the Ukraine crisis, while U.S. crude also gained $1 to $91.98. Oil had suffered its first weekly loss in two months last week, taking it off seven-year highs, amid signs of progress on an Iran deal that could release new supply into the market. Iranian foreign ministry spokesman Saeed Khatibzadeh said "significant progress" had been made in talks to revive Iran's 2015 nuclear agreement on Monday after a senior European Union official said on Friday that a deal was "very, very close". [O/R] Gold has benefited from its status as one of the oldest of safe harbours, climbing to nine-month highs of $1,908 an ounce, before dropping back to $1,893 an ounce. [GOL/]
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By Peter Nurse Investing.com - European stock markets are expected to open higher Friday after Russia and the U.S. agreed to meet next week, raising hopes that the two can reach a diplomatic solution to the Ukraine crisis and avoid conflict. At 2 AM ET (0700 GMT), the DAX futures contract in Germany traded 0.7% higher, CAC 40 futures in France traded flat and the FTSE 100 futures contract in the U.K. rose 0.2%. Russian Foreign Minister Sergei Lavrov agreed to meet U.S. Secretary of State Antony Blinken for talks in Europe next week, the State Department said late Thursday. This follows the ramping up of tensions after both the Ukrainian government forces and Moscow-backed rebels accused each other of breaking cease-fire rules, potentially creating the excuse for Russia to invade. President Joe Biden warned on Thursday that the probability of an invasion of Ukraine was still “very high.” Helping the tone Friday was the news that France's unemployment rate fell in the final quarter of last year to the lowest level since 2008, dropping to 7.4% from 8.0% in the previous three months, better than the expected 7.8%. Additionally, U.K. retail sales rose 1.9% on the month in January, a jump of 9.1% on the year, as consumers returned to shops after the Omicron surge in late 2021. In the corporate sector, Renault (PA:RENA) will be in the spotlight after the French auto posted a profit for 2021, beating expectations after two straight years of losses aggravated by the coronavirus pandemic and subsequent chip supply issues weighing on the auto industry. Sika (SIX:SIKA) posted a hefty jump in full-year net profit and proposed a 16% higher dividend, as the Swiss construction chemicals maker benefited from an upturn in building projects after the pandemic and a raft of acquisitions. Norwegian Air (OL:NAS) reported a full-year profit for 2021 after the losses of the previous year, adding that booking trends point to busier travel throughout Europe as Covid restrictions are lifted. Oil prices slipped lower Friday, heading for a weekly fall, as traders digested the raised prospects of Iranian oil returning to the global market, outweighing the continued tensions on the Ukraine border. Negotiations to revive Iran’s 2015 nuclear agreement continue to make progress, with a draft accord outlining a sequence of steps that would eventually lead to the removal of oil sanctions on the Persian Gulf country’s crude exports taking shape. Such a deal could result in an additional 1 million barrels a day of oil coming back to the market. By 2 AM ET, U.S. crude futures traded 0.5% lower at $91.28 a barrel, while the Brent contract fell 0.5% to $92.53. Both contracts were set for their first weekly fall in nine weeks, after hitting their highest levels for over seven years earlier in the week. Additionally, gold futures fell 0.4% to $1,894.80/oz, while EUR/USD traded 0.1% higher at 1.1371.
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By Geoffrey Smith Investing.com -- U.S. stock markets opened mostly higher on Friday as the market recovered from the latest inflation shock. By 9:45 AM ET (1445 GMT), the Dow Jones Industrial Average was up 172 points, or 0.5% at 35,414 points. The S&P 500 was also up 0.5% and the Nasdaq Composite was up 0.4%. The publication of the highest annual rate of inflation in 40 years on Thursday was followed by a raft of forecast revisions from Wall Street banks to reflect an even faster tightening of monetary policy than previously foreseen. Short-term interest rate futures now attach an 80% likelihood of a 50 basis point hike in the Fed Funds target rate when the Federal Reserve's policy-making committee meets in March, while Goldman Sachs (NYSE:GS) analysts now predict seven quarter-point increases this year from the Fed. The market has been quick to internalize the new situation, suggesting that many participants feel either that an aggressive tightening is already priced in or, as seems increasingly likely, tighter monetary policy may tip the economy into recession, removing the need for rate hikes. However, there are still plenty of willing sellers into any strength. Gains were trimmed within the first half-hour of trading, with selling in long-duration tech names again prominent, pushing the Nasdaq slightly into negative territory. Bears were supported by fresh signs that the boom in consumer spending since the start of the pandemic is coming to an end. The Michigan Consumer Sentiment index for February fell to 61.7 from 67.2 a month earlier, defying hopes for a modest increase to 67.2. The survey showed a pronounced drop in assessments of current conditions, but five-year inflation expectations remained unchanged at 3.1%. With the week's biggest earnings releases over, there were few big moves from any stocks large enough to affect broader sentiment. Affirm Holdings (NASDAQ:AFRM), the Buy-Now-Pay-Later fintech whose partnership with Amazon (NASDAQ:AMZN) raised such high hopes for the stock at the end of last year, fell 11% after it published a wider net loss caused largely by stock-based compensation. That leaves it testing a nine-month below, well below where it was before the Amazon announcement. Zillow (NASDAQ:Z) stock, by contrast, bounced from its recent lows after its quarterly report late on Thursday showed that the property market is still hot enough to wind down its ill-judged home-flipping business without too much financial pain. Zillow stock rose 10.8% but is still only worth a little more than a quarter of its peak a year ago. There was also evidence of further exits from some of the market's most richly-valued large caps. Chipmaker stocks Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) fell over 2% each, while Tesla (NASDAQ:TSLA) stock dipped below $900 again, losing 1.4% at the end of a week punctuated by recall announcements. There was better news from the travel sector, where Expedia (NASDAQ:EXPE) stock rose 1.9% after its numbers encouraged hopes that the disruptions from the pandemic are largely over.
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By Marc Jones LONDON (Reuters) - European stocks fell heavily again on Friday as worries about a sudden halt to central bank stimulus and rising tensions between Western powers and Moscow drove one of the worst ever starts to a year for world stock markets. Strong earnings from Apple provided some encouragement for battered tech and U.S. markets [.N], but traders were struggling to draw a line under a global selloff that has now firmly taken root. The pan-European STOXX 600 tumbled nearly 1.5%, on course for its fourth straight weekly drop, (EU) while volatile U.S. futures prices indicated traders weren't exactly sure which way Wall Street will go when it opens shortly. [.N]. MSCI's 50-country main world index is now down 8.1% for the month, slicing roughly $7 trillion from its value and putting it on the brink of its worst January since the 2008 global financial crisis year. The dollar, meanwhile, is on track for its best week in seven months on bets that U.S. interest rates could now go up as many as five times this year. [/FRX] "With the Federal Reserve sounding a lot more hawkish, it has shaken the markets," said Jeremy Gatto, a multi-asset portfolio manager at Unigestion in Switzerland. "Markets can live with rate hikes, but the main question remains around the balance sheet," he added. Markets have been driven up by all the stimulus pumped in during the COVID-19 crisis, "so if it starts reducing liquidity, that changes the game". GRAPHIC - World stocks suffer January plunge " onerror="this.style.display='none'" class="msg-img" /> The Fed indicated this week that it is likely to raise rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings. The prospect of faster or larger U.S. interest rate hikes, and possible stimulus withdrawal, lifted the dollar to a 20-month high of $1.1119 per euro and to 115.50 yen - close to a high of year so far of 116.35 yen. [/FRX] In the big government bond markets that drive global borrowing costs, benchmark 10-year U.S. Treasury yields dipped to 1.82% from 1.84% earlier as the Fed's favored inflation gauge, the core personal consumption expenditure (PCE) price index, rose no more than had been expected. In the 12 months through December, the PCE price index increased 5.8%. That was the largest advance since 1982 and followed a 5.7% year-on-year increase in November. The two-year yield, which is even more sensitive to rate hike expectations, was last at 1.20%, having started the year at roughly 0.75%. European bond yields also rose further. Germany's 10-year yield, the benchmark for the euro zone, was up 4 bps to -0.0008% as it threatened to break through the key zero threshold. [GVD/EUR] Focus was also on Italy, where bond yields there were also up as its parliament struggled to elect a new president. GRAPHIC - Global bond yields are rising " onerror="this.style.display='none'" class="msg-img" /> OIL PRESSURE U.S. stock futures recovered from an earlier dip to be broadly flat after the inflation data and as Apple shares (NASDAQ:AAPL), which have slumped nearly 10% this month, jumped 3.5% in premarket trading after posting record sales for its flagship phones. Apple is the world's largest company by market value but it and other tech shares have been hit particularly hard in the current selloff as the prospect of global rate rises give those who were already worried about stratospheric valuations the perfect reason to sell. In the commodity markets, oil prices remained strong and set for their sixth weekly gain amid concerns about tight supplies as major producers continue to limited output despite rising demand. Brent crude futures climbed 1.9%, to $91 a barrel - its highest level since October 2014. A sixth week of gains will also mark the longest weekly winning streak for Brent since October last year, when prices climbed for seven weeks while U.S. WTI prices gained for nine. This year, prices have risen about 15% amid geopolitical tensions between Russia, the world's second-largest oil producer and a key natural gas provider to Europe, and the West over Ukraine, as well as threats to the United Arab Emirates from Yemen's Houthi movement that have raised concerns about energy supply. "Where Brent crosses the $90 level, we see some selling from a sense of accomplishment, but investors start buying again when the prices fall a little as they remain cautious about possible supply disruptions due to rising geopolitical tensions," said Tatsufumi Okoshi, senior economist at Nomura Securities. "The market expects supply will stay tight as the OPEC+ is seen to keep the existing policy of gradual increase in production," he said. The market is focusing on a Feb. 2 meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+. It is likely to stick with a planned rise in its oil output target for March, several sources in the group told Reuters. GRAPHIC - Apple sours, oil on the boil " onerror="this.style.display='none'" class="msg-img" />
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By Tom Westbrook SYDNEY (Reuters) - The dollar headed for its largest weekly fall in more than a year on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early 1980s, selling has forced the greenback through key support against the euro and yen in particular, and traders seem content to lighten their bets until a clearer trend emerges. The dollar index is down about 1.14% for the week, on course for its largest weekly percentage fall since December 2020 and set to halt a rally that has lasted about six months. The index was last down about 0.20% at 94.654. The euro is up more than 1% for the week so far, and has punched out of a range it held since late November, hitting the highest since Nov. 11 at $1.1483. It doesn't face strong chart resistance until $1.1525. The dollar has dropped 1.53% against the yen over the week, its worst showing since June 2020, and pushed as low as 113.64 for the first time since Dec. 21. The safe-haven yen has benefited from a slide in global stocks, while Reuters also reported exclusively that the Bank of Japan is deliberating how it can start telegraphing an eventual rate hike. The dollar's doldrums have come while U.S. interest rate futures have all but locked in four hikes this year. But longer-end yields have fallen slightly on hawkish comments from Federal Reserve officials about reducing the bank's balance sheet. [US/] "Investors appear to be signalling that ending quantitative easing, hiking rates four times and commencing quantitative tightening all in the space of nine months is so aggressive that it will limit the scope for hikes further out," said Derek Halpenny, head of global markets research at MUFG. "It has in fact reinforced the belief that peak Fed funds will be below 2%," Halpenny said in a note to clients. "What can change this? We will need to see data on the economy that convinces the market of stronger growth. That could see thinking on the terminal fed funds rate shift higher. That would be the catalyst for renewed dollar strength." The Antipodean currencies have also been roused from their ranges and will have traders looking closely at labour and inflation data in both countries this month for anything that might prompt further shifts in central bank rhetoric. [AUD/] The New Zealand dollar is up 1.46% for the week so far and is above its 50-day moving average at $0.6861. The Aussie briefly broke above stubborn resistance around $0.7276 this week, but retreated to around that level on Friday. "Further evidence of strength in the labour market will trigger expectations ... for a potential positive shift in Reserve Bank of Australia rhetoric which will underpin the outlook for the AUD," said Rabobank FX strategist Jane Foley. "We expect AUD/USD to push higher to $0.74 in H2 2022." Sterling has been forging ahead, too, defying a political crisis threatening Prime Minister Boris Johnson's position on confidence that Britain's economy can withstand a wave of COVID-19 infections and that the Bank of England could hike rates next month. The pound traded above its 200-day moving average on Thursday and is heading for a fourth consecutive weekly gain of more than 0.5%. It last bought $1.3733. [GBP/] In Asia on Friday, the Bank of Korea raised its benchmark interest rate by 25 basis points to 1.25%, as expected, and the South Korean won looked to post a weekly rise of about 1.3%.
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By Alun John HONG KONG (Reuters) - Asian stocks fell on Wednesday as higher U.S. Treasury yields weighed on global tech firms and pushed the dollar to a five-year high against Japan's yen. U.S. yields rose on Tuesday as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation.[US/] The shift in market focus back to prospect for U.S. interest rate hikes has revived a rotation out of growth-sensitive stocks, such as tech firms, into ones that offer income, such as financials and industrials. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1%, after hitting a three-week high the day before, while Japan's Nikkei was little changed. U.S. stock futures also slipped with S&P 500 e-minis down 0.25% and Nasdaq e-minis losing 0.48%. European Stoxx 50 futures were flat. "From Asia's perspective, it's a slightly more risk-off tone because it's one of those days where higher bond yields are a bad thing, as, even though they reflect a stronger U.S. backdrop, they tend to be supportive of the dollar rather than local currencies," said Rob Carnell, head of Asia Pacific research at ING. "But it's pretty choppy, tomorrow we might get back to thinking the higher yields reflect a stronger global backdrop," Carnell said. He said declines in the Nasdaq have dragged on Asia's big tech stocks. In Japan, Nintendo slipped 1.7% and South Korea's Samsung (KS:005930) shed 2.5%. In Hong Kong, tech stocks lost 3.7% with added pressure coming from China's fines on Alibaba (NYSE:BABA), Tencent, and Bilibili (NASDAQ:BILI). U.S. shares were mixed on Tuesday with the tech-heavy Nasdaq falling 1.3%, although rising yields boosted banks. Industrial names helped the Dow Jones Industrial Average to a record closing high and the S&P 500 to touch an all-time intraday high. [.N] U.S. five-year notes, which reflect rate hike expectations, soared to their highest since February 2020 on Monday, while two-year note yields hit their strongest level since March 2020. Benchmark U.S. 10-year treasury yields touched a six-week high on Tuesday and were last at 1.6473%. [US/] Minutes from the Fed's December meeting, due at 1900 GMT, could highlight U.S. policymakers' newfound sensitivity to inflation and their readiness to tighten policy. "The market is now speculating that a March rate hike is possible when the Fed stops purchasing assets, therefore yields are rising," said Edison Pun, senior market analyst at Saxo Markets in Hong Kong. He said he thought declines in tech stocks would be short-lived, while rising yields would help banking stocks. HSBC's Hong Kong-listed shares rose 2.3% on Wednesday, though Chinese bad debt manager Huarong lost 50% as trading resumed after a nine-month suspension, giving investors the chance to revalue the embattled company. On the mainland, China Mobile (NYSE:CHL) gained 3.4% on their Shanghai debut on Wednesday after the company raised $7.64 billion in the country's biggest public share offering in a decade. In currency markets, the yen was at 116.04 per dollar having dropped to 116.34 overnight, its lowest since March 2017, while the dollar index, which measures the greenback against six peers, was at 96.226, the stronger end of its recent range. With the Bank of Japan widely expected to be late if not last in the queue to hike rates, the gap between U.S. and Japanese yields are rising, hurting the yen. [FRX/] Oil prices were steady having gained in the previous session. Brent crude futures were flat at $79.99 a barrel while U.S. crude futures were at $76.75 a barrel.[O/R] Spot gold was at $1,814 an ounce, steady on the day and at the upper end of its recent range.
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Vox Media In Advanced Talks to Merge With Group Nine Media - WSJ
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**@nytimesbusiness:** Above the sink, Samantha Lewis has posted a card scrawled with nine steps reminding her how to brush her teeth. It is one of many strategies Lewis, 34, has learned from "cognitive rehab," an intensive therapy program to fight the symptoms of long Covid. https://t.co/cKiX09om0J https://twitter.com/nytimesbusiness/status/1467282632023105543
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`Investors` **@CNBC:** The White House is unveiling a nine-point plan to combat Covid this winter, including tightening travel rules, expanding booster and testing programs and more. @kaylatausche breaks down what you need to know. https://t.co/pbJMfYqxf1 https://t.co/4fxVnxSBKI https://twitter.com/CNBC/status/1466394221255049225
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By Alun John HONG KONG (Reuters) - Asian stocks and major currencies paused for breath on Thursday as markets struggled to find direction in the absence of solid information about the Omicron variant of the new coronavirus, which led to divergent trade in U.S. and European share futures. Also weighing on traders' minds were remarks from Federal Reserve Chair Jerome Powell, reiterating that he would consider a faster wind-down to the bond-buying programme, which could open the door to earlier interest rates hikes. With markets betting this would eventually keep inflation in check, the result was also a flattening in the U.S. yield curve. Euro Stoxx 50 futures fell 1.3% in early trading on Thursday, indicating Wednesday's 1.7% gain in the EUROSTOXX, its best day since May, would be reversed, and FTSE futures were down 1.13% In contrast, S&P 500 futures rose 0.56% and Nasdaq 100 futures gained 0.49%. Both underlying indexes closed down over 1% on Wednesday. "All that anyone can do at the moment is wait for each headline as it breaks, as there are a series of outstanding questions about the new variant that remain largely unanswered and will remain unanswered for days or weeks," said Kyle Rodda, an analyst at Melbourne brokerage IG markets. He added that with the Fed reducing stimulus and building up to rate hikes, markets were no longer using "a bad development as another excuse to buy stocks expecting an increase in liquidity from the Fed." Much remains unknown about the new variant, which was first found on Nov. 8 in South Africa and has spread to at least two dozen countries. On Thursday, South Korea halted quarantine exemptions for fully vaccinated inbound travellers for two weeks, while the Japanese central bank warned of economic pain as countries respond with tighter curbs. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.35%, supported by a 1.21% rise in Korea's KOSPI on the back of a mini tech rally, while Japan's Nikkei lost 0.27%. Chinese real estate firms in Hong Kong and mainland markets gained on news three Chinese developers are seeking to raise a combined 18 billion yuan ($2.83 billion) by selling bonds onshore, a sign Beijing is marginally easing liquidity strains on the cash-strapped sector. Also drawing investors' attention was the second day of Powell's testimony to Congress in which he said the Fed needs to be ready to respond to the possibility that inflation may not recede in the second half of next year. "We now expect the (Fed's policy committee) to finish asset purchases in April 2022 and start hiking the Funds rate in June 2022," said analysts at CBA in a morning note. Investors seemed to think this would mean rates would eventually peak at a lower level, and so looked to long-dated Treasury bonds, sending the yield on 30-year bonds to their lowest since early January in late U.S. hours on Wednesday. Benchmark 10-year yields dropped to as low as 1.404% - a nine-week low - and were last at 1.4426% The dollar index was steady, though the greenback rose nearly 0.3% to 113.07 yen regaining some of its recent losses, thanks to Powell's hawkish tone. Oil prices also rebounded, albeit after a strong sell-off in recent days based on fears the new variant will hit travel. Brent crude futures gained 0.8% to $69.45 a barrel, and U.S. crude futures gained 0.93% to $66.18 a barrel though still in sight of Tuesday's over three month low. Spot gold slid 0.38% to $1,776 an ounce.
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`Finance` **@pkedrosky:** I remember this from Chapter 1 of an early draft of Crichton's Andromeda Stain. Portuguese top league game abandoned as team named just nine players due to Covid outbreak https://t.co/4qjMPvcpLR https://twitter.com/pkedrosky/status/1464718968195665920
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nashville is anti mask and the whole nine
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UK Market Lower yesterday, as the British Pound strengthened, following upbeat UK jobs data. Genuit Group dropped 5.8%, after the plastic pip maker forecasted that its operating margins would be lower in the second half of the year due to inflationary pressures. Premier Foods fell 4.4%, after the food manufacturer reported a drop in its pretax profit in the first half of 2022. Rio Tinto slid 1.3%, after the company announced an investment in a European battery technology and manufacturing company, Inobat Auto. On the other hand, Vodafone Group advanced 4.8%, as the company raised its earnings and cash flow outlook, after reporting an upbeat performance in the first half of the year. Diageo rose 1.2%, after the beverage company forecasted its organic operating profits to grow for 2023 to 2025. The FTSE 100 slipped 0.3%, to close at 7,327.0, while the FTSE 250 fell 0.4%, to end at 23,539.7. . Europe Market Closed higher yesterday, amid strong corporate earnings report. Prosus advanced 4.2%, after the company issued an upbeat profit forecast for the first half of 2022. Nordex rose 4.1%, after the company won a contract from Enerjisa Uretim to supply and install twelve N163/5.X turbines for the 68.4 MW Erciyes wind farm. Capgemini edged up 0.1%, after the company announced that it has acquired Empired Limited (EPD) for a consideration of about A$233 million. On the flipside, Danone fell 1.8%, after the company announced that it would sell its Water and Beverage business, Aqua d'Or in Denmark. Bouygues shed 1.3%, even though the company reiterated its annual outlook, after reporting an increase in its nine-month net profit. The FTSEurofirst 300 index gained 0.2%, to close at 1,893.4. Among other European markets, the German DAX Xetra 30 rose 0.6%, to close at 16,247.9, while the French CAC-40 advanced 0.3%, to settle at 7,152.6. . US Market Also closed higher yesterday, following stronger than expected US retail sales. Peloton Interactive jumped 15.5%, after the home fitness company announced that it launched a public offering worth $1.0 billion of common stock. Autoliv climbed 6.1%, after the company issued an upbeat outlook and announced a share repurchase program of up to $1.5 billion over the next three years. Home Depot advanced 5.7%, after the retailer reported higher than expected revenue and earnings in the third quarter. On the other hand, Robinhood Markets dropped 3.1%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Buy’. Walmart fell 2.6%, even though the retail giant lifted its annual guidance and reported stronger than expected third quarter revenue and earnings. The S&P 500 gained 0.4%, to settle at 4,700.9. The DJIA rose 0.2%, to settle at 36,142.2, while the NASDAQ advanced 0.8%, to close at 15,973.9. . Asia Market Are trading lower this morning, following dismal Japanese exports data. In Japan, Nikon and Hino Motors have dropped 2.6% and 4.4%, respectively. Meanwhile, CyberAgent and Sumco have advanced 2.6% and 3.5%, respectively. In Hong Kong, WH Group and Sands China have fallen 1.5% and 1.8%, respectively. Meanwhile, PetroChina and AAC Technologies Holdings have risen 0.8% and 1.2%, respectively. In South Korea, KISWIRE and Century have declined 6.7% and 14.0%, respectively. Meanwhile, Doosan and Dreamtech have climbed 5.8% and 7.3%, respectively. The Nikkei 225 index is trading 0.4% lower at 29,697.1. The Hang Seng index is trading 0.5% down at 25,595.2, while the Kospi index is trading 1.0% lower at 2,967.2.
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UK Market Closing higher yesterday. Cineworld Group climbed 6.6%, after the cinema chain reported an improvement in its box office revenue in October. Ascential advanced 4.2%, after the company announced that it has acquired WhyteSpyder, an e-commerce software and digital merchandising business, for an undisclosed sum. Serco Group added 2.5%, as the company raised its annual profit outlook, following stronger than expected trading in Australia and the UK. Royal Dutch Shell rose 2.1%, after the oil giant announced that it would abandon its dual share structure and move its tax residence to the UK from the Netherlands. On the other hand, Kainos Group dropped 9.3%, even though the company reported an increase in its revenue in the first half of the year. The FTSE 100 gained 0.1%, to close at 7,351.9, while the FTSE 250 rose 0.3%, to end at 23,621.6. . Europe Market Finished higher yesterday, amid ongoing optimism about earnings and growth. Airbus rose 1.7%, after the airline operator secured a huge order for 255 narrow body jets at the Dubai Airshow. On the flipside, Koninklijke Philips declined 10.6%, after the company announced that it was in talks with the US regulators following a new inspection of one of its facilities. Banco Bilbao Vizcaya Argentaria fell 4.3%, after the lender announced that it would acquire the remaining stake in Turkish lender, Garanti, in a bid worth €2.25 billion. Nordex shed 0.5%. The wind turbines manufacturer announced that its nine-month consolidated net loss narrowed. The FTSEurofirst 300 index gained 0.3%, to close at 1,889.7. Among other European markets, the German DAX Xetra 30 rose 0.3%, to close at 16,148.6, while the French CAC-40 advanced 0.5%, to settle at 7,128.6. . US Market Closed lower yesterday, as rising US Treasury yields resulted in losses in technology sector stocks. Oatly Group plunged 20.8%, after the company reported lower than expected revenue in the third quarter. Evgo declined 14.3%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Outperform’. Petco Health & Wellness fell 0.4%, following a rating downgrade on the stock to ‘Hold’ from ‘Buy’. On the other hand, Tyson Foods added 3.6%, after the beef and poultry producer reported better than expected revenue and earnings in the fourth quarter. Restaurant Brands International rose 2.1%, after the company announced that it has agreed to acquire Firehouse Subs, a sub sandwich chain founded in Jacksonville, Fla for a cash consideration of $1.0 billion. The S&P 500 marginally slipped to settle at 4,682.8. The DJIA slightly fell to settle at 36,087.5, while the NASDAQ marginally dropped to close at 15,853.9. . Asia Market We’re trading mostly higher this morning. In Japan, Toyota Motor and JTEKT have advanced 2.0% and 2.7%, respectively. Meanwhile, Kubota and Recruit Holdings have dropped 2.9% and 3.7%, respectively. In Hong Kong, Tencent Holdings and Galaxy Entertainment Group have risen 2.6% and 5.3%, respectively. Meanwhile, China Mobile and Xinyi Glass Holdings have fallen 0.4% and 4.8%, respectively. In South Korea, Kukdong and e-Starco have declined 6.2% and 6.8%, respectively. Meanwhile, Zinus and NPC have climbed 8.6% and 19.0%, respectively. The Nikkei 225 index is trading 0.1% higher at 29,814.3. The Hang Seng index is trading 1.1% up at 25,658.0, while the Kospi index is trading 0.1% lower at 2,996.7
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Next Dividend Date
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
CEO: Ann Fox
HQ: 2001 Kirby Dr Ste 200 Houston, 77019-6083 Texas