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Markets Weekahead - Earnings, global events key as sentiment improves

A broker monitors share prices while trading at a brokerage firm in MumbaiReuters Market Eye - A slew of blue-chip earnings, including Maruti Suzuki and ICICI Bank to set tone. Overall sentiment seen supported by hopes of further reforms. Movements in Brent crude, which is at a four-year low, will also be watched closely. Foreign fund flows will determine sentiment for debt and forex markets. 10-year benchmark bond seen in 8.35-8.45 range, traders say. Rupee may trade between 60.75 and 61.50, traders say. KEY FACTORS/EVENTS TO WATCH Mon: Hindustan Unilever , Bharti Infratel earnings Tue: ING Vysya Bank , Nestle India , Ranbaxy Laboratories earnings. ...


Look to energy names for global demand clues

A Wall Street sign is pictured in the rain outside the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit. The third-quarter earnings picture for energy looks grim. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. Energy shares dropped 9. ...


Ralph Nader urges Apple to reduce buybacks, improve wages - WSJ

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in SydneyConsumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. The five-time presidential candidate wrote in a letter published by the paper that poverty wages and harmful conditions are "a consequence of tolerating outrageous stock buybacks." (http://on.wsj.com/ZQgyyy) "'Designed by Apple in California' has a nicer ring to it than 'assembled by workers paid about a dollar per hour, working 11-hour shifts, and sleeping eight to a room in the Jabil Circuit corporate dormitories in Wuxi, China'," wrote Nader in the letter dated Oct. 23. Apple is one of the top customers of contract electronics maker Jabil JBL.N.


Wall Street finally turning on Amazon as Bezos magic fades

Amazon CEO Bezos talks about his company's new Fire smartphone at a news conference in Seattle, WashingtonBy Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) - Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board - on margins, on its net loss and on revenue. "They're becoming much too distracted in all these other efforts" outside core businesses like online retailing and web services, said Matthew Benkendorf, portfolio manager at Vontobel Asset Management. Benkendorf unloaded his Amazon holdings a year ago and said he would be skeptical of future involvement even if the stock falls further.


Ralph Nader urges Apple to reduce buybacks and raise wages - WSJ

Customers enter the Fifth Avenue Apple store shortly after doors opened for iPhone 6 sales in Manhattan, New York(Reuters) - Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. The five-time presidential candidate wrote in a letter published by the paper that poverty wages and harmful conditions are "a consequence of tolerating outrageous stock buybacks." "'Designed by Apple in California' has a nicer ring to it than 'assembled by workers paid about a dollar per hour, working 11-hour shifts, and sleeping eight to a room in the Jabil Circuit corporate dormitories in Wuxi, China'," wrote Nader in the letter dated Oct. 23. Apple is one of the top customers of contract electronics maker Jabil. Apple declined to comment on Nader's letter, which echoes criticism from labour activists and right groups.


Wall St. finally turning on Amazon as Bezos magic fades

Amazon CEO Bezos is silhouetted during a presentation of his company's new Fire smartphone in SeattleSAN FRANCISCO/BOSTON (Reuters) - Amazon.com Inc's (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. Amazon missed expectations across the board - on margins, on its net loss and on revenue. "They're becoming much too distracted in all these other efforts" outside core businesses like online retailing and web services, said Matthew Benkendorf, portfolio manager at Vontobel Asset Management. Benkendorf unloaded his Amazon holdings a year ago and said he would be skeptical of future involvement even if the stock falls further.


Analysis - Wall Street finally turning on Amazon as Bezos magic fades

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in ViennaSAN FRANCISCO/BOSTON (Reuters) - Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. Amazon missed expectations across the board - on margins, on its net loss and on revenue. "They're becoming much too distracted in all these other efforts" outside core businesses like online retailing and web services, said Matthew Benkendorf, portfolio manager at Vontobel Asset Management. Benkendorf unloaded his Amazon holdings a year ago and said he would be sceptical of future involvement even if the stock falls further.


Wall Street Weekahead - Look to energy names for global demand clues

Traders work on the floor of the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. With various names due to report next week, including Exxon Mobil, Chevron, ConocoPhillips and National Oilwell Varco, there are hopes that executives will suggest that the fall in oil and share prices has overstated the outlook for these names. What they have to say is an important factor for the entire global demand story," said Quincy Krosby, market strategist at Prudential Financial, based in Newark, New Jersey.


 
 
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