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Tag: shares


News

China Stocks Notch Best Day in Years on Beijing Action

February 6, 2024

Via: The Wall Street Journal

Chinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a trillion-dollar sovereign-wealth fund to boost holdings. The benchmark Shanghai Composite Index gained 3.2% Tuesday, snapping a […]


Finance Tech, Trading

Earnings call: Infineon revises revenue forecast amid market challenges

February 6, 2024

Via: Investing.com

Infineon (OTC:IFNNY) Technologies AG (IFX) has reported a decline in revenues and adjusted its forecast for the fiscal year 2024, citing a challenging market environment and inventory adjustments. During its recent earnings call, the semiconductor manufacturer detailed a quarter-over-quarter revenue […]


Finance Tech, Trading

European shares ease as dashed rate-cut hopes push yields higher

February 5, 2024

Via: Investing.com

European shares closed lower on Monday, as government bond yields across the continent jumped on lower expectations about imminent interest rate cuts by major central banks, eclipsing gains brought by some upbeat corporate reports. The pan-European STOXX 600 index ended […]


News

Gold Price Forecast: US Jobs Data to Shape Near-Term Trend, Setup on XAU/USD

February 1, 2024

Via: DailyFX

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]


News

U.S.-China fentanyl talks get off to a ‘productive’ start, security advisor says

January 31, 2024

Via: CNBC

The U.S. and China had a “productive” first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer in an exclusive interview Tuesday. “We’re looking for results and […]


Finance Tech, Trading

Meta Stock Price at Record High Ahead of Earnings

January 31, 2024

Via: DailyFX

​The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. ​The surge in Meta’s […]


Finance Tech, Trading

European shares see worst day in nearly eight weeks after stellar 2023

January 3, 2024

Via: Investing.com

Europe’s benchmark stock index dropped to a three-week low in a broad-based sell-off on Wednesday, testing 2023’s rally spurred by hopes of major central banks pivoting to easier monetary policy this year. The pan-European STOXX 600 ended 0.9% lower, hitting […]


News

US Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPY

December 14, 2023

Via: DailyFX

The U.S. dollar, as measured by the DXY index, extended its retracement on Thursday, sinking below that 102.00 mark and reaching its lowest level since early August. This selloff was the result of the collapse in U.S. Treasury yields, triggered […]


News

Gold Prices, Nasdaq 100 Rejected at Resistance, USD/JPY Flies Ahead of Powell

December 1, 2023

Via: DailyFX

U.S. Treasury yields bounced back on Thursday after San Francisco Federal Reserve President Mary Daly said that it is premature to declare victory against inflation and that policymakers are not yet thinking about reducing borrowing costs. The rally in rates, […]


Finance Tech, Liquidity

Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl

November 29, 2023

Via: DailyFX

Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s virtual meeting despite rumors that […]


Finance Tech, Liquidity

Gold (XAU/USD) Slips Lower After Fed Powell’s Warning, UST 30-Year Bond Sale Flop

November 10, 2023

Via: DailyFX

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]


Energy, Industries

Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

November 8, 2023

Via: DailyFX

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]


Capital, Finance Tech

UBS shares rise 3% as market focuses on strong underlying profit

November 7, 2023

Via: CNBC

UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS shares were up 3.2% by […]


News

Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

November 7, 2023

Via: CNBC

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is […]


News

Markets see higher odds the Fed plows ahead with rate hikes after the blowout September jobs report

October 6, 2023

Via: Markets Insider

After the red-hot September jobs report, markets are pricing in higher odds for the Federal Reserve to hike interest rates at the November meeting. The Labor Department reported Friday that the economy added 336,000 new jobs, above consensus estimates for […]


Finance Tech, Trading

S&P 500 Outlook: Can NFP Propel US Stocks Back to Yearly Highs?

September 1, 2023

Via: DailyFX

The top 500 US stocks ranked by market capitalization have partially recovered one of the deepest pullback seen during the current bull market. Rising risk-free rates (US treasuries) at a time when inflation has declined, has resulted in higher US […]


Enterprise, Industries

Nvidia’s market cap climbs amid tech turbulence in August

September 1, 2023

Via: Investing.com

Nvidia (NASDAQ:NVDA) Corp’s market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader downtrend in mega-cap technology stocks during the past month as an uptick in U.S. bond yields rattled the sector. Nvidia’s shares […]


Enterprise, Industries

Dollar General shares sink on second annual forecast cut, quarterly results miss

August 31, 2023

Via: Investing.com

Dollar General cut its annual forecasts and posted a worse-than-expected quarter, hit by weaker store traffic and a move to sell more low-margin essentials over discretionary goods, knocking its shares down 16%. The Goodlettsville-Tennessee based retailer has fallen short of […]


Finance Tech, Trading

August once again lives up to its dismal reputation for stocks

August 24, 2023

Via: CNBC

Wall Street is really suffering through the dog days of August. The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak. The broader market index is also on track to post its […]


News

Eurozone Private Sector Shrinks Most In 8 Months

August 3, 2023

Via: Markets Insider

Euro area private sector contracted the most in eight months in July due to the deepening downturn in manufacturing and a near-stalling of services output. The final HCOB composite output index fell to an eight-month low of 48.6 in July […]