Category: Markets
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Weekly Market Outlook (07-11 October)
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Upcoming events: Monday: Retail sales in the euro area. (China is on vacation) Tuesday: Japan’s average cash earnings, RBA minutes, and US NFIB small business optimism index. Wednesday: Reserve Bank of New Zealand policy decision, FOMC meeting minutes. Thursday: Japanese Producer Price Index, European Central Bank Minutes, US CPI, US…
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Chinese hackers breached US court wiretap systems, WSJ reports By Reuters
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(Reuters) – Chinese hackers gained access to the networks of broadband providers in the United States and obtained information from systems used by the federal government for court-authorized wiretapping, the Wall Street Journal reported on Saturday. Verizon Communications (NYSE:), AT&T (NYSE:), and Lumen Technologies are among the telecommunications companies whose…
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Now a good time to sell the Utilities rally, Wells Fargo says By Investing.com
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Investing.com – Wells Fargo analysts suggest that now is a good time for investors to consider selling given the recent rally in the utilities sector. This sector was among the best performing sectors since the beginning of the year until September 24, sharing the spotlight with high-growth sectors such as…
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Tech sector rallies: Innovation fuels market gains
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Stock Heat Map By FinViz.com Fri, 04 Oct 2024 13:46:05 GMT Sector overview Today’s market heat map reveals that Technology sector Leading the charge with notable gains. Among the best performing artists Broadcom (AVGO) With a significant increase of 2.33%, supported by gains in… Nvidia (NVDA) Up 1.59% AMD (AMD)…
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Evercore’s top ideas for a Harris/Blue Sweep By Investing.com
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Investing.com – Evercore ISI takes a fresh look at the US stock market in the run-up to the November presidential election after President Joe Biden passed the torch to Vice President Kamala Harris to lead the Democratic Party. The second failed assassination attempt on Republican candidate Donald Trump ahead of…
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Crude oil price forecast ?️?
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Crude Oil Price Forecast: Navigating the Next Moves ?️? Hello traders and investors! This is it Itai Levitanan experienced market analyst at ForexLive.com, tracks crude oil for you today as well as what I’m looking for. Let’s dive into the insights you need to make informed trading decisions. ? Recent…
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Evercore’s top ideas for a Trump/Red Sweep By Investing.com
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Investing.com – Evercore ISI takes a fresh look at the US stock market in the run-up to the November presidential election after President Joe Biden passed the torch to Vice President Kamala Harris to lead the Democratic Party. The second failed assassination attempt on Republican candidate Donald Trump ahead of…
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This was the early tell in the recession reversal trade
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Economic forecasting is not easy. At various points over the past two years, it looked like the United States was slowing down dramatically. At the beginning of 2023, the consensus forecast was the looming call of a recession. This year, with the deterioration of some economic indicators, those calls returned.…
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UK investment summit to feature Google, Wayve and Brookfield By Reuters
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LONDON (Reuters) – The new British government’s first international investment summit will include senior executives from companies including Google, Wave and Brookfield Asset Management (TSX:), the British government said on Saturday. The summit, which will be held on October 14, aims to increase foreign direct investment to help improve economic…
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Fed’s Goolsbee: This is a super jobs report
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The end of the port strike is another good news The Fed doesn’t want to interact too much with a single data point If we get more jobs reports like this, we will be more confident that we are stabilizing at full employment A strong jobs report likely means strong…
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Chinese automakers should be allowed to avert tariffs by investing in EU By Reuters
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FRANKFURT (Reuters) – The European Union should consider adjusting planned tariffs against electric cars made in China to provide allocations for investments in Europe, the CEO of German car maker Volkswagen (ETR) said. “Instead of punitive tariffs, it should be about giving reciprocal credit for investments,” Volkswagen CEO Oliver Blume…
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EM currencies set to hold steady or pare gains for the rest of 2024
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Written by Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies are set to trade in narrow ranges or pare some of their year-to-date gains in the next three months after the U.S. Federal Reserve curbed expectations of deep interest rate cuts, according to Reuters. reconnaissance. After…
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USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
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The US jobs report sent USD/CHF finally out of the bullish and bearish trading range that had mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 before the report was released, and has now risen to 0.8607. At the top, the price experienced a 61.8%…
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How Dividend Seekers Are Riding Private Credit Wave to Attractive Yields By Investing.com
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Yassin Ibrahim Investing.com – Business development companies, or BDCs, are taking the investment world by storm as income-seeking investors flock to this asset class that has earned a reputation for generating attractive dividend-like returns by filling a middle-market funding gap. left behind by traditional banks. The BDC sector has seen…
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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More from Goolsbee: Will have discussions about what rate we need to ultimately settle on
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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 more risk 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 or…
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Italian prosecutors accuse 7 people, 2 firms over flawed Boeing plane parts By Reuters
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Written by Francesca Landini MILAN (Reuters) – Italian prosecutors on Saturday charged seven people and two subcontractors with crimes including fraud and violating aircraft safety rules after an investigation into suspected defective parts produced by an Italian company for Boeing (NYSE:). Prosecutors began their investigation in late 2021 after Boeing…
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Dollar hits six-week high before payrolls report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar rose to a six-week high on Thursday as data showed the U.S. economy remains strong ahead of Friday’s closely watched jobs report, while safe haven demand amid concerns about escalating tensions in the Middle East and the impact… Dockers’ strike…
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China house sales rose over the holiday period – property sector recovery?
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China began the week-long National Day holiday on Tuesday, October 1. In the week before the start of the holiday, the Chinese authorities announced a set of economic stimulus measures. Some measures were specifically directed at the real estate sector, such as: Reductions in down payment rates Reductions in mortgage…
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Venture capitalist Ben Horowitz to make ‘significant donation’ for Harris By Reuters
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Written by Kanishka Singh WASHINGTON (Reuters) – Venture capitalist Ben Horowitz said on Friday he would make a “significant donation” to entities supporting the Democratic presidential campaign of Vice President Kamala Harris, who faces Republican former President Donald Trump in the Nov. 5 election. Why is it important Venture capital…