Category: Outlook
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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,…
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CCL Industries reports strong Q2 growth, cautious outlook By Investing.com
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CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw…
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Weekly Market Outlook (12-16 August)
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Upcoming Events: Tuesday: Australian Wage Price Index, UK Labor Market Report, Eurozone ZEW Index, US NFIB Small Business Optimism Index, US Producer Price Index. Wednesday:Reserve Bank of New Zealand Policy Decision, UK CPI, US CPI. Thursday:Japan Q2 GDP, Australia Labor Market Report, China Industrial Production and Retail Sales, UK Q2…
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Pagaya surpasses Q2 2024 earnings, raises full-year outlook By Investing.com
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Pagaya Technologies Inc. (NASDAQ:), a leading financial technology company, has reported robust financial results for the second quarter of 2024, exceeding its own revenue and adjusted EBITDA guidance. The company has raised its full-year outlook for both metrics, citing strong growth in fee revenue less production costs (FRLPC) and the…
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What would less restrictive monetary policy mean for the growth outlook? By Investing.com
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Wells Fargo said in a recent report that a less restrictive monetary policy could significantly impact U.S. growth prospects by stimulating various economic sectors and easing some of the current economic pressures. According to the bank’s latest U.S. economic outlook report, the Fed is expected to cut interest rates by…
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ANZ: USD and GBP outlook for the coming week
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ANZ Bank provides insights into the outlook for the US Dollar and Sterling in the week ahead, focusing on the impact of recent macroeconomic data and positioning trends. Key points: US Dollar Forecast: Macroeconomic stability: Despite market reactions suggesting otherwise, ANZ believes the macroeconomic backdrop in the US is not…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…