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Tag: rally

Ashes: England's James Vince makes 83 before Australia rally in first Test

Ashes: England's James Vince makes 83 before Australia rally in first Test

Sports
First Ashes Test, Gabba, BrisbaneEngland 196-4: Vince 83, Stoneman 53Australia: Yet to batScorecardEngland's James Vince made 83 before Australia fought back on day one of the first Ashes Test in Brisbane.Vince added 125 for the second wicket with Mark Stoneman either side of a 95-minute delay for rain at the Gabba.But Vince was run out by Nathan Lyon's superb direct hit, in between Pat Cummins bowling Stoneman for 53 and trapping captain Joe Root lbw for 15.England, the Ashes holders, closed on 196-4, with Dawid Malan 28 not out and Moeen Ali unbeaten on 13.Live Ashes reaction - text & Test Match Special commentaryThe tourists battled hard after winning the toss and losing Alastair Cook in the third over, perhaps determined not to be blown away in the manner that saw them defeated 5-0...
Investors are set on riding the equity rally all the way through to Christmas

Investors are set on riding the equity rally all the way through to Christmas

Finance
With 41 days to go, it seems Christmas has come early this year for many investors.The returns in 2017, at least for equity investors, are staggering. The DAX is higher by some 16 percent since the start of the year; the S&P 500 has rallied 15 percent with both markets hitting record after record; and previously unloved emerging markets like Brazil have spiked 20 percent.Driving this is what many call a "sweet spot" for investors: a backdrop of solid growth, low inflation, strong corporate earnings and continuously supportive monetary policy from central banks, despite efforts to gradually tighten stimulus.On top of that, we are still expecting U.S. President Donald Trump's tax reform to be passed before year-end, which could give another fillip to risky assets, when eventually approve...
The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance
A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament
Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Finance
Shutterstock photoBy Jeff Miller :After last week's avalanche of economic data, the calendar is back to normal. More important is the onset of earnings season. Recent data have reassured many observers about the health of the U.S. economy. The period of seasonal weakness is ending. Expect people to be asking:Can this earnings season lead to a big year-end rally?Last Week RecapMy expectation for last week concerned the relationship between economic and stock market strength. That discussion might come another day, but last week's attention was focused on Las Vegas.The Story in One ChartI always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. She notes the gain of 1.18% on the week, as well as other key comparisons. Once again, it was a...
Charlottesville: One killed in violence over US far-right rally

Charlottesville: One killed in violence over US far-right rally

World
Media playback is unsupported on your deviceOne person has died and 19 others were injured when a car rammed a crowd of people opposing a far-right rally in the US state of Virginia, police say.Earlier, street brawls erupted between white nationalists planning to attend the march and counter-protesters.The mayor of Charlottesville, where the now-cancelled rally was taking place, said he was "heartbroken" at the death. President Donald Trump has condemned the violence, and local officials have declared a state of emergency.The "Unite the Right" march was called to protest against plans to remove a statue of a general who had fought for the pro-slavery Confederacy during the US Civil War. In addition to those injured in the car incident, the Charlottesville Police Department said 15 were inj...