U.S. Consumer Sentiment Shows Slight Deterioration In January

A report released by the University of Michigan on Friday showed a slight deterioration in U.S. consumer sentiment in the month of January. Preliminary data showed the consumer sentiment index edged down to 99.1 in January from the final December reading of 99.3. Economists had expected the index to come in unchanged. The slight decrease by the headline index came as the index of consumer expectations dipped to 88.3 in January from 88.9 in December. On the other hand, the report said the current economic conditions index crept up to…

IPOs in 2020: IPOs worth Rs 50,000 crore to light up Street next year

ET Intelligence Group: Indian companies may mop up Rs 40,000-50,000 crore through the initial public offering (IPO) route in 2020, an analysis of the draft red herring prospectus (DHRP) filed by companies with the market regulator and pitch notes of investment bankers show. It would be nearly four times higher compared with the Rs 12,362 crore raised by 16 companies in 2019 on the main exchange boards, which was the lowest in five years. Among the prominent IPOs that may hit in the first half of the new year are…

Taiwan ETF Jumps After Landslide Presidential Win

Taiwan country-specific ETFs popped off on Monday after a landslide victory for President Tsai Ing-wen over the weekend. On Monday, the iShares MSCI Taiwan ETF (EWT A-) increased 1.7% and Franklin FTSE Taiwan ETF (FLTW) rose 1.0% after the Taiex stock benchmark closed at its highest level in over three weeks. Investors reacted positively to the victory of Tsai’s Democratic Progressive Party, which has pushed for Taiwan’s formal independence from mainland China, Bloomberg reports. Foreign investors also jumped on the momentum, acquiring a net NT$10.7 billion, or $359 million, of…

Should The U.S. Ban Fracking?

Date: 2020-01-05 15:30:01 By 2020, for the first time in 70 years, the US is predicted to become a net energy exporter. Most of this progress can be attributed to the combination of two technologies known as hydraulic fracturing and horizontal drilling. American consumers, oil and gas companies, and landowners have benefited significantly from the shift, while others say they have lost a great deal. CNBC explores if the U.S. should ban fracking. The combination of hydraulic fracturing, or fracking, and horizontal drilling has revolutionized U.S. energy. The country has…

China’s Voracious Appetite Could Support Agriculture ETFs in 2020

As the U.S. and China move toward resolving their trade differences, the increased Chinese demand for agricultural goods could help lift some commodity prices and related exchange traded funds. “Both sides are clearly betting that agricultural price inflation will take hold at some point, which will help both sides claim success with achieving the upward end of price projections,” Sal Gilbertie, President, Chief Executive Officer, Chief Investment Officer and Founder, Teucrium, said in an email. “Teucrium projects $31 billion of U.S. agricultural imports by China in 2020, rising to $38…