Tag: stocks

November 8, 2023

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 […]

November 2, 2023

The euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows and the 16th consecutive print below the 50 level […]

October 31, 2023

The Australian dollar is trading lower against the US dollar this morning after Chinese PMI’s disappointed (see economic calendar below). This slowdown in activity led to most soft commodities, precious and base metals to fall thus weighing negatively on the […]

October 31, 2023

Bitcoin prices have taken a bit of a breather since the expansive rally that broke above the $35k mark last week Tuesday. Since then, it appears to be a case of uncertainty and rangebound trade but Bitcoin remains underpinned by […]

October 31, 2023

The Dow closed higher Tuesday on the final day of trade for October, as investors digested a raft of corporate earnings, but stocks couldn’t avoid racking up a third-straight loss for the first time since March 2020. The Dow Jones […]

October 27, 2023

On Thursday night, tanks and troops crossed into Northern Gaza in what is expected to be preparations for a larger ground invasion. The Israeli Defence Force (IDF) said the ground raid was conducted to strike several military targets. The move […]

October 25, 2023

Oil prices have broadly declined over the last three trading session with an accelerated move yesterday after European PMI data was released. Dire manufacturing and services data in Europe underscored the headwinds facing the European economy, raising concerns over future […]

October 25, 2023

Stocks have moved sharply lower over the course of the trading session on Wednesday, more than offsetting the gains posted in the previous session. With the downward move, the Nasdaq and the S&P 500 have fallen to their lowest levels […]

October 23, 2023

Most Asian stocks extended recent losses on Tuesday following weak business activity readings from Japan and Australia, while Chinese markets rebounded from pre-pandemic lows as a state-run fund began snapping up some equities. Weak sentiment- amid persistent concerns over the […]

October 18, 2023

Netflix — Shares of the streaming giant soared 12% after beating Wall Street’s expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast […]

October 17, 2023

China’s economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing’s full-year growth target. Gross domestic product (GDP) grew 4.9% […]

October 13, 2023

After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back off their highs of the session, with the tech-heavy Nasdaq leading the way […]

October 12, 2023

Crude oil steadied in Asian trade today after tumbling overnight in the wake of a surge in stockpiles. The move lower unfolded despite favourable conditions for equities after more hawkish comments from Fed speakers. Data released overnight saw the American […]

October 10, 2023

Bitcoin and Ripple have not enjoyed the best of weeks and for once this hasn’t had a lot to do with the Geopolitical situation in the middle east. There have been some developments particularly around ripple which are interesting but […]

October 6, 2023

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 […]

October 4, 2023

The stock market is gearing up for a relief rally after an interest rate-driven decline that sent the S&P 500 lower by 8% over the past two months. That’s according to Fairlead Strategies’ founder Katie Stockton, who said in note […]

September 29, 2023

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 […]

September 29, 2023

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 […]

September 28, 2023

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 […]

September 27, 2023

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 […]