India’s silver imports hit record high of 9,450 tonnes in 2022
India imported 9,450 tonnes of silver in the 2022 calendar year, the country’s highest-ever annual imports. The previous high for silver imports was 8,093 tonnes in 2015. The reasons for high imports last year are multifold: Pent up demand from industry after lockdown years, restocking by jewellery and silverware fabricators, and […]
Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to […]
Treasury yields edge lower as tech earnings disappoint, sparking risk aversion
Treasury yields edged lower on Wednesday as worries about a slowing U.S. economy hit appetite for risk and boosted demand for government bonds.What’s happeningWhat’s driving markets A risk-off tone across markets was encouraging investors to buy government bonds on Wednesday, nudging yields lower. Investors were focused in… Source link
Dow falls 400 points after corporate earnings disappoint
U.S. stocks traded lower Wednesday, led by the Nasdaq Composite, after disappointing corporate earnings results added to fears of a possible recession.How are stocks trading On Tuesday, the Dow Jones Industrial Average rose 104 points, or 0.31%, to 33733, the S&P 500 declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite dropped 30 […]
Bitcoin Pares Gains. Why the Coming Days Could Bring More Volatility.
Bitcoin and other cryptocurrencies took a breather Wednesday, paring gains from a rally that has lifted digital assets to the highest levels in months. But the next week holds key macro catalysts that could see cryptos make another big move. The price of Bitcoin has shed 2% over the past 24 hours to below $22,550. […]
GE has seen only 1 thing that warns of falling demand in 2023
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations. The aerospace, power and renewable energy company reported before Tuesday’s opening bell […]
Oil pulls back from recent gains, but traders remain optimistic on China demand
Oil futures edged lower on Tuesday, easing back after recent gains but underpinned by continued optimism over the demand outlook from China after the country dropped COVID restrictions. Natural-gas futures moved lower after posting a gain of more than 6% a day earlier on forecasts for colder U.S. weather. Price action West Texas Intermediate crude […]
How a money drain in 2023 could upset the banks again and cause another market meltdown, investor warns
Wall Street is pointing to a weak open ahead of Tuesday’s earnings from Microsoft and other big names. That’s a day after soft-economic landing hopes fueled fresh 2023 highs for the S&P 500 SPX and Nasdaq Composite COMP. Diving straight in, our call of the day taps into a potential market worry that may be […]
S&P 500’s softening earnings backdrop is a challenge for stocks in ‘very near term,’ says RBC
The S&P 500 earnings backdrop is softening, posing a challenge for stocks in the “very near term” even as companies so far are largely beating expectations for the fourth quarter, according to RBC Capital Markets. “With 10% of S&P 500 results in as of Friday,” the pace of companies exceeding consensus forecasts for earnings has […]
Don’t let the ‘bear market house of mirrors’ fool you, Morgan Stanley’s Mike Wilson warns of the stock market
Stock futures are treading water ahead of an important week for earnings, with the spotlight on updates from the tech space, which has been laying off thousands of workers.Among those not expecting good news in the earnings pipeline is Morgan Stanley’s chief U.S. equity strategist Mike Wilson, who in our call of the day says […]