Category: Outlook
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Market Outlook Turns Bullish For ADA
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The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
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Market Outlook Turns Bullish For ADA
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The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
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Wolfspeed’s new factory reaches milestone, Durham plant incident affects outlook
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TomekD76/iStock via Getty Images wolf speed(New York Stock Exchange: Wolf) A new silicon carbide manufacturer in Mohawk Valley, New York, has reached 20% chip start-up, a critical milestone, but an incident at its Durham, North Carolina, facility prompted the semiconductor company to update its guidelines. Involved decreased 1% during Pre-market…
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Analysis-China’s retail outlook dims after mid-year shopping festival flop By Reuters
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By Casey Hall SHANGHAI (Reuters) – China’s retailers face a difficult near-term future after a disappointing mid-year online shopping festival that cast a shadow over the recovery prospects of the world’s second-largest economy. E-commerce sales fell for the first time during the so-called 618 Festival that ended last week, reports…
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Stock market outlook: S&P 500 could soar to 15,000 by end of decade
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Tom Lee, co-founder of Fundstrat Global Advisors, was among the few voices on Wall Street last year who predicted a stock market rally while most of his peers saw a decline amid widespread expectations of a recession. But he – and the American economy – proved that the pessimists were…
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Weekly Market Outlook (24-28 June)
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Upcoming events: MondaySummary of the views of the Bank of Japan and the German IFO. Tuesday: Canadian Consumer Price Index, US Consumer Confidence. Wednesday: Australia’s monthly consumer price index. Thursday: Japanese Retail Sales, US Durable Goods Orders, US Final Q1 GDP, US Unemployment Claims. Friday: Tokyo CPI, UK Final Q1…
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Weekly Market Outlook (17-21 June)
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Upcoming events: Monday: People’s Bank of China (PBoC) Multilateral, New Zealand Services PMI, Industrial Production and Retail Sales in China, Eurozone Wage Growth. Tuesday: Reserve Bank of Australia policy decision, Eurozone ZEW, US retail sales, US industrial production. Wednesday: UK Consumer Price Index, US NAHB Housing Market Index, Bank of…
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Goldman Sachs Boosts S&P 500 Target on Upbeat Profit Outlook
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(Bloomberg) — Strategists at Goldman Sachs Group boosted their year-end target for the Standard & Poor’s 500 Index for the third time, reflecting Wall Street’s upbeat expectations for earnings growth and the U.S. economy. Most read from Bloomberg The bank’s equity strategists, led by David Kostin, now expect the benchmark…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Weekly Market Outlook (10-14 June)
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Upcoming events: Tuesday: UK Labor Market Report, US NFIB Small Business Optimism Index. Wednesday: Japanese Producer Price Index, Chinese CPI, UK GDP, US CPI, FOMC Policy Decision. Thursday: Australian Labor Market Report, Swiss Producer Price Index, Eurozone Industrial Production, US Producer Price Index, US Unemployment Claims. Friday: New Zealand Manufacturing…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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Weekly Market Outlook (03-07 June)
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Upcoming events: Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canadian Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: Swiss Consumer Price Index, US job opportunities. Wednesday: Average monetary income in Japan, Australian GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, Bank of Canada Policy Decision, US…
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Ulta Beauty reports growth and updates full-year outlook By Investing.com
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Ulta Beauty, Inc. (NASDAQ:) reported a 3.5% increase in net sales reaching $2.7 billion in the first quarter of 2024, with comparable sales growing by 1.6%. Despite a challenging environment, the company showed resilience with an operating profit of 14.7% of sales and a diluted earnings per share (EPS) of…
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Dick’s Sporting Goods stock surges on raised outlook, Bank of America upgrades to Buy By Investing.com
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(Updated – May 29, 2024 at 9:59 AM EST) Dick’s Sporting Goods (NYSE:) stock jumped more than 15% on Wednesday after the company reported a strong first quarter with earnings and revenue topping analysts’ expectations, prompting the company to raise its full-year guidance. The sporting goods retailer reported adjusted EPS…
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JPMorgan shares their 2024 outlook By Investing.com
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As we head into the second half of 2024, investors are keenly looking to currency movements for indications of how the forex market will shape up over the next few months. In this context, JP Morgan issued its forecasts for the US dollar. The bank’s analysis addresses various economic forces…
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Housing market outlook: Buyers are gaining the upper hand
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The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has seen price declines, more than at any time in…
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Dollar down on profit taking but upbeat outlook remains By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against most major currencies on Friday as traders took profits after recent gains, but the US currency remained well positioned to rise further, supported by strong US economic data that pushed markets back on interest rate expectations. Interest…
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Weekly Market Outlook (27-31 May)
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Upcoming events: Monday: UK/US Holidays, German IFO. Tuesday: Australian retail sales, Canadian producer price index, US consumer confidence. Wednesday: Australia Monthly Consumer Price Index, Fed Beige Book. Thursday: Swiss GDP, Eurozone unemployment rate, US GDP2Second abbreviation Estimate, US unemployment claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China…