Category: Markets
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ForexLive Asia-Pacific FX news wrap: USD/JPY heads up to 146.60, drops back under 146.00
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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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Analysis-Apple set for music, TV streaming fight in India after Airtel deal By Reuters
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Written by Munsif Vengatil and Aditya Kalra NEW DELHI (Reuters) – Apple Inc’s (NASDAQ:AAPL) partnership with India’s second-biggest telecom company will give the iPhone maker a boost in the content market where it lags far behind the likes of Spotify Inc (NYSE:S) and Amazon.com Inc (AMZN.O). Disney (New York Stock…
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China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)
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Over the weekend, we got the official PMIs: China Manufacturing PMI for August 49.1 (49.5 expected), Services 50.3 (50.0 expected) More details: The Caixin S&P Global Manufacturing Purchasing Managers’ Index was much better, at 50.4. From the report, in brief: Demand rose as total new orders resumed growth, with demand…
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Yen on the move in early Asia Monday trade
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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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Asia Eyes Cautious Open After China Factory Data: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks are set for a cautious start to a historically volatile month for markets as evidence grows that China’s efforts to prop up its ailing economy have yet to pay off. Article author: Bloomberg News Matthew Burgess Published on September 1, 2024 • Read…
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Australia August Manufacturing PMI 48.5 (prior 47.5)
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Australia – Judo Bank/S&P Global Manufacturing PMI for August 2024, comes in at three-month high of 48.5 Previous 47.5 Quick read here: Australia PMI Flash August: Manufacturing 48.7 (previous 47.5) Services 52.2 (previous 50.4) Comment on the report, in summary: Not a manufacturing recession, but a prolonged soft landing. Capacity…
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CME Globex Labor Day holiday hours – open Sunday evening for Tuesday trade date
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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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ICYMI – Goldman Sachs raised their Q3 US GDP estimate to 2.7% (q/q annualized), from 2.5%
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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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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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Premium Forex Watch Recaps: Aug. 27 – 28, 2024
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Our currency strategists this week focused on inflation and GDP data, particularly from Australia and the US, for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential candidate for…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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Positioning credit portfolios for the US election By Investing.com
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As the US presidential election approaches, credit portfolio managers face the delicate challenge of dealing with potential impacts on both macro and micro credit markets. According to analysts at UBS, while the broader macro credit environment is expected to see minimal disruption from the election, the micro-level impacts, particularly within…
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Israel stocks lower at close of trade; TA 35 down 0.88% By Investing.com
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Investing.com – Israeli stocks were lower after the close on Sunday, as losses in the banking and services sectors led shares lower. At the close of trading in Tel Aviv, the index fell by 0.88%. The best performers in the session were: Energix (TASE:), which rose 0.85% or 11.00 points…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.36% By Investing.com
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Investing.com – Saudi Arabian stocks were higher after Sunday’s close, as gains in the banking and finance sectors led shares higher. At the close in Saudi Arabia, the general market index rose by 0.36%. The best performance in the session was that of Saudi Arabia. Amiantit Saudi Automotive Services Co.…
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Czech finance ministry submits 2025 budget draft to cut deficit by 9% By Reuters
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PRAGUE (Reuters) – The Czech finance ministry has presented a draft budget for 2025 with a 9% lower deficit to the government, saying it would bring record investment while narrowing the fiscal gap to around 2% of gross domestic product. The draft budget, presented at midnight on Saturday, projects a…
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Portfolio ideas to consider into the year-end By Investing.com
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Investing.com — Strategic portfolio investing is critical as we head into the end of 2024 in response to recent market developments and economic forecasts. Analysts at Wells Fargo provide key insights into portfolio adjustments that can boost performance without increasing risk. One of the overarching themes Wells Fargo has focused…
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Is index inclusion all it’s cracked up to be? By Investing.com
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A company’s inclusion in a major stock index such as the Dow Jones Industrial Average is often seen as a hallmark of success, signaling to the market that the company has achieved a certain level of financial stability and growth. However, analysts at Stratgas Securities point out in a note…