Category: Markets
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House Democratic leader Jeffries met with Biden yesterday. The read-out isn’t glowing
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Biden faces more calls to step aside By Investing.com
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A growing number of Democratic lawmakers are urging President Joe Biden to drop out of the 2024 presidential race because they believe a younger candidate may be better suited to take on the challenges ahead. Calls for Biden to withdraw have grown since Biden’s solo press conference after the NATO…
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Bitcoin technical analysis: Where you can bet on making money (wait for these junctions!)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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What should investors do with tech stocks after a 21.5% H1 rally? By Investing.com
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Technology stocks, driven largely by gains in semiconductor and computer hardware sectors benefiting from advances in artificial intelligence, have outpaced the broader market by a wide margin in the first half of the calendar year. Technology stocks have surged 21.5% in the first half of 2024, and now present both…
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Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
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Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
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Boeing begins 777-9 certification flight trials with US FAA By Reuters
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(Reuters) – Boeing Co has begun flight tests of its long-awaited 777-9 jetliner with U.S. aviation regulators on board, the U.S. planemaker said in an emailed statement. The company said it made its first flight on Friday evening after receiving its Type Inspection Authorization (TIA). The development is a boost…
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Cable guns for 1.30
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We are now in the midst of a classic sterling rally. Sterling has risen on nine of the past ten days, including three big gains in a row. The election uncertainty has dissipated and Starmer has not promised to raise taxes, so the market is happy to invest in a…
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Bank reserves are still ample — but for how much longer? By Investing.com
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Barclays analysts warn that while bank reserves remain plentiful, their abundance may not last long. The Barclays analysis suggests that the transition to a steeper part of the reserve demand curve, where prices start to move higher, could occur when reserves reach about $3.1 trillion. Analysts expect the quantitative tightening…
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NASDAQ index bounces back strongly.The selling could not extend below key target yesterday
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Nasdaq pulls away from 50-hour moving average The Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45. As shown in yesterday’s video (“What Might Make the Nasdaq Fall Today and In the Future”), yesterday’s low broke…
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UBS answers 10 key investors questions By Investing.com
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In a note to clients this week, analysts at UBS addressed a range of investor concerns, and offered insights on how to navigate the complex market landscape. Geopolitical risk and portfolio resilience: As geopolitical tensions persist, UBS warns against reactive shifts in portfolios. Instead, investors should focus on building resilient…
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Crypto markets likely to remain choppy in Q3, Coinbase analysts say
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Analysts at cryptocurrency exchange Coinbase say cryptocurrency price action is likely to continue on a volatile path for the rest of Q3 2024. Coinbase’s head of institutional research David Duong and David Han, an analyst at the U.S.-based cryptocurrency exchange, Share your predictions In the company’s weekly market report, they…
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Crypto markets likely to remain choppy in Q3, Coinbase analysts say
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Analysts at cryptocurrency exchange Coinbase say cryptocurrency price action is likely to continue on a volatile path for the rest of Q3 2024. Coinbase’s head of institutional research David Duong and David Han, an analyst at the U.S.-based cryptocurrency exchange, Share your predictions In the company’s weekly market report, they…
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Keep an eye on China’s Third Plenum meeting next week
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Shanghai Comp Daily This week’s CPI data showed that China has room for policy stimulus, and its weak economic performance certainly justifies it. There is some optimism with some Chinese stocks rising this week (from lows). The leadership meeting will outline efforts to boost advanced manufacturing, review the tax system…
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What happens to solar stocks if Trump wins? RBC weighs in By Investing.com
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With the 2024 U.S. presidential election approaching, the potential impact on solar stocks has become a major concern for investors, according to RBC Capital. Analysts at the bank provided a detailed analysis, suggesting that the current environment could provide a buying opportunity, particularly for select names with less exposure to…
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What happens after the first rate cut. Recession? Stocks move lower?
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If there’s anyone on CNBC I love, it’s him. Josh Brown From Ritholz Wealth Management. He does his homework. He’s not averse to using technical methods (in fact, he often relies on them). He accepts defeat. He lets his victories go. He’s not perfect, of course, but he makes a…
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Chuck Close’s estate settles lawsuit against Cigna over medical bills By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – The estate of Chuck Close, an artist known for his large-scale realistic paintings of himself and others, has settled a lawsuit accusing Cigna Inc. of failing to pay hundreds of thousands of dollars for medical care he needed in the final years of…
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Market Breaks Records: Dow & S&P set for new high closes
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U.S. stocks are trading near their highs after some declines yesterday. The correction was for one day — at least for the S&P and Nasdaq. The Dow Jones Industrial Average was higher yesterday, as was the Russell 2000 index of small companies. Today, all major indices are enjoying strong gains.…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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Stock earnings for the quarter were kicked off. What’s on tap for next week?
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JPMorgan, Wells Fargo and Citigroup kick off earnings season today. PepsiCo also reported earnings yesterday. So, what does the earnings calendar look like for next week? Monday, July 15 Goldman Sachs Black Rock Tuesday, Tuesday, July 16 American bank United Health Group gradual Morgan Stanley. Charles Schwab. PNC Interactive Brokers…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…