The Traderszone Network

The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo’s sports and news sites as well as its popular email service. Reuters reviewed a letter sent to the Yahoo board by one major shareholder and spoke to people with knowledge of the views of others with significant stakes.

The Big 3 were all soft
The Big 3 all missed estimates and that’s a bit of a warning sign for the economy but overall sales in 2015 were blockbuster.

US stock market open 5 January 2016
– S&P +3pts to 2015
– Dow +8pts to 17157
– Nasdaq +14pts to 4917 
US 10 year yields 2.26% +1bp
Stocks had a decent close yesterday and I’m expecting them to gain further today. We might see a softish open based on the strength of yesterday’s late rally but then we could see more upside

December production survey
OPEC December production fell 170,000 barrels per day, according to a Reuters survey. Production remains near a record at 31.62 million barrels per day.

Discover the top five large-cap semiconductors that are expected to grow in 2016, including a summary of each company and rational behind its expected growth.

That wasn’t supposed to happen. In the not so distant past, a dramatic escalation in tensions between OPEC nations (in this case Iran and Saudi Arabia) would have led to a spike in crude oil prices. However, as futures opened Sunday night, the brief rally in oil prices was met with selling pressure and instead of buying calls, traders loaded up on $30 puts. The oil market’s different this time – here’s why…

That the rally this time couldn’t be sustained…

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Tests lows and bouncing
The NZDUSD lost about 30 pips after the most recent global dairy trade auction results showed a decline of -1.6%. The past two auctions have seen increases.