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Q3 2019 Shoe Carnival Inc Earnings Call...
Q3 2019 Manitowoc Company Inc Earnings Call...
Japanese stocks are expected to rise next year to reach levels not seen in nearly three decades, a Reuters poll found, based on expectations the beaten-down global manufacturing sector will once again gather steam. The median estimate by 26 analysts and fund managers polled Nov. 11-25 put the Nikkei benchmark up 7.3% at 25,000 by end-2020, compared with Monday's close of 23,292. "Starting with the silicon cycle, the global economic cycle is starting to look up, and Japanese EPS (earnings per share) will start to rise," said Hiroshi Watanabe, economist at Sony Financial Holdings, referring to the highly volatile economic cycle in the semi-conductor sector....
U.S data later today and any further updates from Beijing and Washington on trade will influence risk sentiment later in the day....
A federal judge on Tuesday partially overturned the convictions of Insys Therapeutics Inc's founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury's verdict. U.S. District Judge Allison Burroughs in Boston ruled the evidence prosecutors presented at trial did not support finding that John Kapoor and the others intended for doctors to prescribe the drug, Subsys, to patients who did not need it. The ruling could impact the eventual sentence received by Kapoor, the highest-ranking pharmaceutical executive to be convicted in a case tied to the deadly U.S. opioid addiction epidemic....
(Bloomberg) -- Just as investment behemoth Norinchukin Bank starts to pull back on purchases of bundled leveraged loans, another Japanese lender is sizing up more.Shizuoka Bank Ltd. plans to step up its search for yield by buying more collateralized loan obligations, according to its top executive. The regional lender is also adding U.S. Treasuries and mortgage-backed securities to its 1.6 trillion yen ($15 billion) investment portfolio, after offloading almost all of its Japanese government bond holdings, President Hisashi Shibata said.“We’re buying CLOs that we can expect good returns on after checking their contents,” Shibata said in an interview in Tokyo. He said the bank is only interested in products that can “withstand major shocks on the scale of Lehman.”Japan’s yield-starved lenders are becoming more selective about their investments in U.S. corporate debt even as their search for returns persists. Authorities are increasing scrutiny of banks’ investments in CLOs, with the Bank...
Oil fell on Wednesday after an industry report showed an unexpected build in U.S. crude inventories, but optimism around the signing of the first phase of a U.S.-China trade deal capped a deeper slide in prices. International benchmark Brent crude futures dropped 19 cents, or 0.3%, to $64.08 a barrel by 0145 GMT on Wednesday. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.29%, to $58.24 per barrel....
