Category: Outlook
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Weekly Market Outlook (09-13 September)
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Upcoming Events: Monday: China consumer price index. Tuesday: UK Labor Market Report, US NFIB Business Optimism Index. WednesdayUK GDP, US CPI. Thursday:Japan PPI, ECB Monetary Policy Decision, US PPI, US Unemployment Claims. Friday:New Zealand Manufacturing PMI, University of Michigan Consumer Confidence Index in the United States. Monday China’s CPI is…
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Zscaler stock sinks 13% in afterhours trade on cautious profit outlook By Investing.com
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Zscaler (NASDAQ:) reported better-than-expected fourth-quarter results, but its shares fell 13% in after-hours trading on disappointing earnings guidance for the next fiscal year. The cloud security company reported adjusted earnings per share of $0.88, beating analysts’ estimates of $0.70. Revenue for the quarter was $592.9 million, up 30% year over…
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A growing rift at the ECB on the economic outlook?
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Well, that’s the potential disagreement that could affect the interest rate cut debate in the coming months. Reports suggest that some policymakers want to focus more on recession fears while others insist on holding firm on the inflation battle. It’s pretty much certain that interest rates will be cut in…
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Weekly Market Outlook (02-06 September)
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Upcoming Events: Monday: US/Canada Holiday, China Caixin Manufacturing PMI, Swiss Manufacturing PMI. Tuesday: Swiss CPI, Swiss Q2 GDP, Canada Manufacturing PMI, US ISM Manufacturing PMI. Wednesday:Australian Q2 GDP, China Caixin Services PMI, Eurozone PPI, Bank of Canada Monetary Policy Decision, US Job Openings, Fed Beige Book. ThursdayAverage cash income in…
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Stocks Retreat as Nvidia Outlook Saps AI Trade
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(Bloomberg) — European stocks rose slightly and U.S. stock futures erased declines as investors assessed Nvidia Corp.’s results ahead of key economic data due this week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.3%, led by technology stocks. Nasdaq 100 futures were down 0.1% after the index…
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Nutanix shares surge 12% on strong earnings beat and outlook By Investing.com
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San Jose, California – Nutanix Company Microsoft (NASDAQ:MSFT) shares rose 12.45% in after-hours trading Wednesday after the hybrid cloud computing company reported fourth-quarter financial results that beat analysts’ expectations and offered an upbeat outlook for fiscal 2025. The company reported adjusted earnings per share of $0.34, beating the consensus estimate…
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BOJ maintains rate hike outlook despite yen surge — MUFG
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USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
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BOJ maintains rate hike outlook despite yen surge — MUFG
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USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
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Citi discusses USD/JPY outlook amid LDP election uncertainty By Investing.com
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Citi has issued a statement addressing the potential outcome of the Liberal Democratic Party presidential election in Japan and its impact on the currency pair. The financial services company noted that it was difficult to predict the impact of the elections on the exchange rate due to the crowded nature…
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Dallas Fed services sector outlook index -7.7 vs -0.1 prior
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Dallas Fed Services Sector Expectations Index Previous was -0.1 Revenue Index +8.7 vs. +7.7 previously Employment +0.6 vs. -0.2 previously Company forecast -3.1 vs. +1.0 previously 6-month index +12.4 vs. +20.5 previously Comments in the report: Facilities I feel like a recession is going to hit the US. Storage and…
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Powell’s Path: Rate cuts and economic outlook after Jackson Hole Summit
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The Jackson Hole Summit concluded, highlighting Fed Chair Powell’s speech on Friday, in which he explicitly laid out the path for a September rate cut. The cut would be the first policy change since July 2023, when the Fed raised rates by 25 basis points to a high target of…
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Weekly Market Outlook (26-30 August)
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Upcoming Events: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: Consumer confidence in the United States. Wednesday:Australia Monthly CPI and Nvidia Earnings. ThursdayUS GDP Q2:Second abbreviation US unemployment claims estimates. FridayTokyo CPI, Japan Retail Sales, Eurozone Spot CPI and Unemployment Rate, Canada GDP, US Personal Spending. Tuesday The…
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Newmont upgraded, AngloGold downgraded at Scotiabank in upbeat gold outlook (NYSE:NEM)
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bodnarchuk/iStock via Getty Images Newmont (NYSE: No) was upgraded to sector outperform from sector perform with a $59 price target, but AngloGold Ashanti (AU) was downgraded to sector underperform from sector perform with a $30 price target, at Scotiabank, which still sees the group delivering an average upside of around…
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Updated 2024 outlook for copper stocks following a pullback By Investing.com
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Copper stocks have been under pressure in recent months, driven by a 16% drop in prices from record highs in May. Despite this correction, RBC Capital Markets analysts believe copper could find a floor near its current levels, at around $4.00 per pound. Analysts point out that while global economic…
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Weekly Market Outlook (19-23 August)
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Upcoming Events: Monday: New Zealand Services PMI, Fed Waller, Bank of Canada Senior Loan Officer Survey. Tuesday: PBOC key interest rate, RBA minutes, Canadian CPI, Eurozone wage growth. WednesdayCanada Producer Price Index, FOMC Meeting Minutes. Thursday:Australia/Japan/Eurozone/UK/US preliminary PMIs, ECB minutes, US jobless claims, Jackson Hole symposium. Friday:New Zealand Retail Sales,…
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Uranium prices outlook for 2024 as per Citi By Investing.com
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Prices have been under pressure recently, trading in a tight range and slightly lower due to limited trading volume and liquidity. However, as analysts at Citi Research noted in a note dated Monday, this weakness in uranium prices is expected to ease as demand for nuclear power continues to rise,…
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SOL price prediction in crypto: The balanced, realistic, unbiased outlook
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Solana (SOL)Rice Price Forecast: Bullish vs. Bearish Scenarios for Rice PricesDerived value of SOL Solana (SOL) has been one of the most talked about assets in the crypto space, known for its high-performance blockchain and increasing market cap in recent years. As someone who has been actively trading Solana since…
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Housing market outlook: A market revival isn’t coming soon
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Low mortgage rates should improve our situation. Housing statusIn theory, that might be true. But where mortgage rates are now, and where they are expected to be in the next year or so, isn’t enough to make that happen, according to Capital Economics. Concern about a possible recession and Slow…
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Australia’s Challenger climbs to 1-1/2-year high on bright outlook, annual earnings beat By Reuters
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By Rajasik Mukherjee (Reuters) – Challenger Ltd shares rose to their highest in about 16 months on Tuesday after the Australian investment manager beat estimates on annual profit, while investors also welcomed its earnings outlook for fiscal 2025. The stock rose about 10% to its highest level since Feb. 20,…