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Category: News


News

S&P 500 Futures Largely Unchanged as the Fed’s Preferred Gauge of Inflation Cools to 3.9%

September 29, 2023

Via: DailyFX

The latest data out from the U.S. Bureau of Economic Analysis on personal consumption expenditures was released this morning. Disposable personal income(DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) andpersonal consumption expenditures(PCE) increased $83.6 billion (0.4 […]


News

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

September 29, 2023

Via: CNBC

Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its […]


News

World stocks nudge up, bonds rally in bright end to grim quarter

September 28, 2023

Via: Investing.com

MSCI’S global equities ended Friday’s choppy session slightly lower as investors prepared for a likely U.S. government shutdown and adjusted portfolios for the quarter’s end. Hardline Republicans in the U.S. House of Representatives on Friday afternoon rejected their leader’s proposed […]


News

Stocks making the biggest moves premarket: Levi Strauss, Costco, ChargePoint, Mattel and more

September 27, 2023

Via: CNBC

Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. A special committee composed of board members of Sirius XM […]


News

Is there an ISA boost on the way?

September 26, 2023

Via: MoneyWeek

The chancellor is reportedly planning a radical shake-up of ISAs to encourage people to take advantage of the tax-free products, and boost investment in UK companies. According to a report in the Financial Times, Jeremy Hunt is considering introducing an […]


News

Stocks making the biggest moves premarket: Fisker, Tesla, United Natural Foods and more

September 26, 2023

Via: CNBC

Fisker — Shares of the vehicle development company surged 4.1% during premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure-play exposure to the rapidly growing EV market” and that it has […]


News

Indian Stock Market Ends Flat Amid Global Influences and Sectoral Shifts

September 25, 2023

Via: Investing.com

In Monday’s trading, Indian stock markets ended with minimal changes, breaking a four-session losing streak. The BSE Sensex added 14.54 points to close at 66,023.69, while the NSE Nifty50 rose by 0.30 points to end the day at 19,674.55. The […]


News

Stocks making the biggest moves premarket: AstraZeneca, Wayfair, Alibaba and more

September 22, 2023

Via: CNBC

AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained […]


News

Stocks making the biggest moves midday: Ford, Scholastic, Squarespace, Deere and more

September 22, 2023

Via: CNBC

Ford — Shares popped about 2% in midday trading after a CNBC report said both Ford and the United Auto Workers union are making headway on negotiations as the strike continues. Squarespace — The website builder popped 4.2% after UBS […]


News

Asian stocks dip, Nikkei trims losses after BOJ stands pat

September 21, 2023

Via: Investing.com

Most Asian stocks moved in a flat-to-low range on Friday as markets continued to fret over rising interest rates, while Japan’s Nikkei trimmed some early losses after the Bank of Japan offered no changes to its ultra-dovish policy. Regional markets […]


News

Here’s what changed in the new Fed statement

September 20, 2023

Via: CNBC

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 26. Text removed from the July statement is in red with a horizontal line through the middle. […]


News

Fed declines to hike, but points to rates staying higher for longer

September 20, 2023

Via: CNBC

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized, […]


News

Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis

September 15, 2023

Via: Investing.com

Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in decades. The downturn was driven by high inflation, a depreciating currency and lower […]


News

Markets await U.S. inflation test, surging oil add to price jitters

September 12, 2023

Via: Investing.com

Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and […]


News

China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

September 7, 2023

Via: Markets Insider

China’s central bank extended its gold-buying spree to the 10th straight month as the world’s second-largest economy seeks to move away from its reliance on dollar reserves. The People’s Bank of China’s stockpile of the precious metal climbed by 29 […]


News

Dollar shines as US economy outperforms, yen plumbs 10-month low

September 6, 2023

Via: Investing.com

A buoyant dollar pushed the yen to a 10-month trough on Thursday and kept the euro and sterling pinned near three-month lows, as investors placed their faith in a still-resilient U.S. economy even amid a dour global growth outlook. The […]


News

Oil Trades Higher as Saudi, Russian Supply Cuts Extend Until Year End

September 5, 2023

Via: DailyFX

Saudi Arabia and Russia announced that the oil production cuts, starting in July and extending into August and September, are to continue into the end of the year. The news sent already elevated oil markets even higher as the cuts […]


News

Why September will be a momentous month for US industry

September 5, 2023

Via: Sky News

At the start of pay negotiations, which take place every four years ahead of the expiry of existing contracts in September, the leaders of the big three US carmakers traditionally shake hands in front of the cameras with the leader […]


News

US Dollar Setups: Key Price Levels for USD/JPY, USD/CAD & USD/MXN Ahead of NFP

August 31, 2023

Via: DailyFX

USD/JPY (U.S. dollar – Japanese yen) rallied strongly from mid-July through late August, but its bullish momentum has begun to fade over the past few sessions after prices failed to clear channel resistance at 147.35. Following this rejection, the pair […]


News

All eyes on US payrolls as dollar eases, oil gains

August 31, 2023

Via: Investing.com

U.S. stock indexes settled for a mixed close and benchmark Treasury yields rebounded after a U.S. jobs report showed an uptick in unemployment, cementing expectations that the Federal Reserve will let interest rates stand at its September meeting. The three […]