Category: Markets
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Analysis-Cash is leaving China again, pressuring yuan By Reuters
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By Winnie Chu and Ankur Banerjee SHANGHAI/SINGAPORE (Reuters) – A falling yuan and widespread cash flows from the mainland to Hong Kong show that domestic investors in China are pinning their expectations on any immediate recovery in their home markets and fleeing to the nearest assets with better returns. The…
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Weekly Market Outlook (24-28 June)
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Upcoming events: MondaySummary of the views of the Bank of Japan and the German IFO. Tuesday: Canadian Consumer Price Index, US Consumer Confidence. Wednesday: Australia’s monthly consumer price index. Thursday: Japanese Retail Sales, US Durable Goods Orders, US Final Q1 GDP, US Unemployment Claims. Friday: Tokyo CPI, UK Final Q1…
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Micron downgrade, upgrade for Kroger By Investing.com
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Investing.com – Here’s a professional summary of the most important pieces of information Wall Street analysts said over the past week. InvestingPro subscribers always get the first guess on rating changes that move the market. Ollies deal executor What happened? On Monday, JPMorgan upgraded shares of Ollie’s Bargain Outlet Holdings,…
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Dollar edges higher, buoyed by monetary policy imbalance By Reuters
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Written by Laura Matthews NEW YORK (Reuters) – The dollar rose against other major currencies on Friday, hitting an eight-week high against the yen, after data showed the strength of the US economy and with the Federal Reserve’s patient approach to interest rate cuts contradicting analysts’ expectations. . Their peers…
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Yaccarino shakes up X amid Musk’s pressure on costs, FT says By Reuters
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(Reuters) – The CEO of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month, Yaccarino fired her right-hand man and head of business operations…
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UBS offers a bottom-up perspective By Investing.com
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The launch of ChatGPT in November 2022 marked a pivotal moment in the field of artificial intelligence (AI), driving its widespread adoption. According to UBS analysts, this event has stimulated significant investments and technological progress, with potential impacts across all economic sectors. In a recent note to clients, the bank’s…
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Declining short interest is what makes S&P 500 vulnerable: JPMorgan By Investing.com
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JPMorgan warns that this could be at risk due to declining short interest in key ETFs such as SPY and QQQ. Analysts at the bank point out that this decline was “providing steady support for US stocks over the past year, helping to suppress volatility.” In simpler terms, fewer investors…
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ESG investing has lost its sheen By Investing.com
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Bank of America analysts said in a note this week that the popularity of environmental, social and governance (ESG) investing has waned after a stellar run. Analysts at Bank of America Head of US Sustainability Research attribute the 2016-2021 ESG boom to three factors: a global regulatory push, especially in…
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ESG investing has lost its sheen By Investing.com
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Bank of America analysts said in a note this week that the popularity of environmental, social and governance (ESG) investing has waned after a stellar run. Analysts at Bank of America Head of US Sustainability Research attribute the 2016-2021 ESG boom to three factors: a global regulatory push, especially in…
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USD/CAD edges higher after softer retail sales data and PPI. BOC cut odds rise
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USD/CAD 10 minutes The Bank of Canada’s July decision is shifting more decisively toward a rate cut after weak retail sales and PPI numbers today. The market now places a 73% chance of a successive cut. Retail sales matched estimates of +0.7% for April but the advance report for May…
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Newsquawk Week Ahead: Highlights include: US PCE, BoJ SOO, Biden/Trump debate
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Next week June 24-28: Monday: BoJ Viewpoint Summary, German IFO Survey (June), German Import Prices (May) Tuesday: Japan Services PPI (May), Canadian CPI (May), UK GDP (Q1) married: Australian CPI (May), German Consumer Confidence from GfK Thursday: Biden/Trump debate on CNN, Riksbank announcement, ECB announcement, ECB announcement, European Council, Chinese…
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Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the June 21 kickoff video, I look at the three major currency pairs from a technical perspective and explain what the bias is, what the risks are, and what the objectives are for each. EURUSD corrected higher to test a 61.8% retracement of the up move from the April…
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Explainer-How US industries deal with extreme heat By Reuters
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Written by Granth Vanek and Ariana McLemore Extreme heat has caused companies in the United States to change the way they operate. One frequent response: Work less. Here’s how heat is affecting several large industries and what to do about it: * Construction: Work on construction projects slows. What normally…
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US major indices are mixed at the start of the trading day
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Major US indices are trading little changed ahead of preliminary Purchasing Managers’ Index (PMI) and existing home sales data. The Dow Jones Industrial Average rose 2.0 points, or 0.01%, to 39,141 The S&P 500 fell -6.5 points, or -0.13%, to 5,466.06. The Nasdaq index fell by -15.48 points, or -0.09%,…
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Deutsche Bank says S&P 500 pullback is coming By Investing.com
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Strategists at Deutsche Bank suggest that the pair could be on the cusp of another pullback, following a previous successful prediction earlier in April when they predicted a pause in the market rally. Their predictions proved accurate as the S&P 500 saw a 4.6% decline in the two weeks following…
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US June S&P Global flash services PMI 55.1 vs 53.7
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Highest level in 26 months The previous one was 54.8 Manufacturing 51.7 vs. 51.0 expected Previous manufacturing was 51.3 Composite 54.6 vs 54.5 Sale prices are “at one of their lowest levels in the past four years” and their lowest level in five months “Business confidence improves for next year,…
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EV wave still on horizon, but smaller than prior tsunami By Investing.com
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Bank of America analysts are anticipating a slower wave of electric vehicles (EV) than previously expected in their latest note covering the sector. While electric and hybrid vehicles will still account for nearly 60% of new car offerings by 2028, the bank notes that this represents a decline from 64%…
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Tariffs is the election-relation risk to US stocks: Goldman Sachs By Investing.com
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Strategists at Goldman Sachs highlighted the potential impact of tariffs on US companies doing business abroad as the US election campaign gains momentum. According to the investment bank giant, tariffs can significantly impact the performance of stocks with high exposure to international revenues. “Tariffs will create headwinds to the performance…