. Alibaba-backed Meituan, Chinese group-discount website, raises $700M, valued $7B . Morgan Stanley Q4 revenue drop 81% from trading fixed-income securities, currencies and commodities, although its earnings rose due to a sharp drop in legal costs. . JPMorgan says oil may drop below $40/barrel in near-term . IBM beat on EPS but miss on revenue. Shares down over 2% post market . WTI signs off the day sharply lower, falling $2.30 (-4.72%) to settle at $46.39 . SpaceX confirmed it obtained $1B in financing from Google & Fidelity in exchange for 10% stake valued at $10B . Swiss corporate profits are now likely to fall 5%-7% in 2015, vs consensus forecasts of growth of 10%-12% before SNB decision - UBS . Alibaba May Buy New China Life Insurance Stake From Huijin . Toyota expects to sell fewer vehicles this year --Nikkei . Gold has been up by $110.30 or 9.32%, this year through todays close. . Gold Ends Up 1.4% at $1,294.20/oz, Highest Since Aug 20 . 3 key events for global investors after SNB shocker: ECB decision Thurs; Greek elections Sunday; FOMC next week. . Net shorts on Swiss Franc jumped to $3.2B as of today, highest since mid-2013. . The magic of buybacks: IBM Q4 Net Income down 11.3% Y/Y; EPS down only 4% . US stocks fairly valued. Overweight position on global equities, particularly European and Japanese equities - PIMCO . India to outpace China growth by FY17: IMF . Most economists see further Bank of Japan easing by October 2015
Posted on: Wed, 21 Jan 2015 01:19:00 +0000
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