Category: Markets
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Nvidia, Micron rise; Lennar, Tesla fall By Investing.com
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(Updated – June 18, 2024 at 11:31 AM EST) Investing.com – U.S. stock futures were mixed on Tuesday after May retail sales data was weaker than economists expected, as investors continued to balance the weaker economic data with the possibility of a Federal Reserve interest rate cut later this year.…
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Boston Scientific to buy Silk Road Medical in $1.16 billion deal By Reuters
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By Sriparna Roy (Reuters) – Boston Scientific said on Tuesday it will buy Silk Road Medical Inc (NASDAQ:) in a $1.16 billion deal, adding medical devices used to prevent strokes. Boston, which generates most of its revenue from sales of cardiac devices such as defibrillators and stents, will pay $27.50…
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This is when you should consider selling Nvidia stock By Investing.com
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Investing.com – Nvidia (NASDAQ:) stock continues to grow as the market surges to a series of all-time highs on the back of the Fed’s renewed pivot hopes in September after data released better-than-expected numbers. But amid Nvidia’s seemingly never-ending rise, investors who bought the stock early in the year face…
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Dollar edges higher ahead of retail sales, speeches by Fed officials By Investing.com
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Investing.com – The US dollar rose on Tuesday ahead of key retail sales data and speeches from Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a…
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RBA Kept Its Rates At 4.35% And Highlighted Increased Inflation Risks
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As expected, the Reserve Bank of Australia (RBA) kept official interest rates at 4.35% for the sixth consecutive meeting in June. In its official statement, the Reserve Bank of Australia acknowledged that economic and wage growth had weakened, and that the unemployment rate had risen since its meeting in May.…
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Crude Oil Technical Analysis – We are back at the key 80 resistance
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Basic overview Crude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month’s range. It is possible that the decline was purely technical, as downward momentum increased after the breakout.…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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Dollar edges up as traders await Fed rate cut clues By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose on Tuesday as traders looked to the key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The index, which measures the currency against the euro, pound, yen…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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Q4 Momentum and AI Leadership Fuel Optimism By Investing.com
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In a series of recent investor meetings in the US, Infosys’ CFO and Controller shared upbeat updates on the company’s progress and future prospects. According to Bank of America, Infosys (NS:) is going well through 1QFY24, thanks to the ramp-up of several key deals that started in March. Despite the…
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Daily Broad Market Recap – June 17, 2024
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The lack of new catalysts sent major financial assets all over the charts today. What headlines impacted closely watched assets yesterday? Here are the main topics you should know! Titles: BusinessNZ Service Performance Index It fell 3.6 points to 43.0 in May. It arrived “Levels of deflation are greater than…
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GameStop shares tumble after CEO says store network will shrink By Reuters
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Written by Susan McGee and Priyanka J (Reuters) – GameStop (NYSE:) shares fell on Monday after CEO Ryan Cohen told investors that the video game retailer plans to operate a smaller network of stores, but did not provide details about what it intends to do with its pile of cash.…
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A projection for “wider and higher ranges for AUD in the month ahead”
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Snapshot note via Westpacon and their view on the Australian dollar. Briefly: We expect wider and higher ranges for the Australian dollar next month. Volatile French policy will have an impact on the global risk climate, but a resumption of encouraging disinflation trends in the US and renewed interest rate…
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Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena By Reuters
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(Reuters) – Tobacco giant Philip Morris International (NYSE:) said on Monday it will suspend online sales on Swedish Match North America’s ZYN.com website nationwide as nicotine pouch maker Zyn responds to a recall from the District of Columbia (D.C.). ). Philip Morris bought Swedish Match in a $16 billion deal…
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Nomura warn of yen intervention – also see risk of a BoJ rate hike at its next meeting
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Nomura with a review of last week’s BOJ decision, what to watch for the yen, and a preview of the BOJ’s upcoming meeting: The June meeting did not witness any hard-line surprises The Bank of Japan decided to reduce its purchases of Japanese government bonds after the monetary policy meeting…
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La-Z-Boy stock soars 10% on strong Q4 earnings report By Investing.com
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MONROE, MI – La-Z-Boy Incorporated (NYSE: NYSE:), a prominent player in the residential furniture market, reported a strong finish to its 2024 fiscal year, with fourth-quarter earnings and revenue exceeding analysts’ expectations. The company’s shares rose by 10% after this announcement. For the fourth quarter, La-Z-Boy reported adjusted earnings per…
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Economic calendar in Asia Tuesday, 18 June 2024 – RBA decision and press conference
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Boeing CEO to tell US Congress planemaker’s culture is ‘far from perfect’ By Reuters
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WASHINGTON (Reuters) – Boeing CEO Dave Calhoun will tell a U.S. Senate committee on Tuesday that the planemaker understands concerns about its safety culture after a mid-air emergency in January involving an Alaska 737 Max 9 jet sparked widespread concern. “Much has been said about Boeing’s culture. We have heard…
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US stocks keep climbing higher but J.P. Morgan’s Kolanovic is having none of it
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JP Morgan strategist Marko Kolanovic made his name as a market structure analyst, but at one point he parlayed his fame into a job as an equity strategist, and it didn’t go well, considering his bearish stance hit a roaring bull. market. However, he does not hesitate and writes today:…