Dollar rises as market takes 4Q GDP in its stride By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a smaller increase in interest rates from next week’s Federal Reserve meeting. The release of slightly stronger than expected fourth […]
Market Update – January 27 – Strong US data = Soft Landing ?
The major US economic data yesterday (Q4 GDP lower; 3.9% from 4.2% but better than expected 3.6%, strong consumer spending, Durable goods, New Home Sales, Lower Inventories and Weekly Claims at new 22-mth lows) all added to the soft landing, disinflation, scenario for the US economy. A FOMC 25bp hike next […]
Daily Market Outlook, January 27, 2023
Daily Market Outlook, January 27, 2023 Tesla Leads The Charge, Asian Markets Follow Wall Street’s Lead HigherAsian markets are set to end the week in the green taking their lead from robust trade on Wall Street, led by tech darling Tesla that ended the day higher by nearly 11% taking the Nasdaq higher by 2%European investors […]
Market Spotlight: Fevetree Shares Tank On Fresh Profit Warning
Rising Costs Hurt ProfitsShares in UK beverage maker Fevertree are bouncing back today after a more than 15% plunge from yesterday’s closing price. The company, famous for making tonic mixers, issued a profit warning ahead of its upcoming earnings report in March. Fevertree warned that profits for 2023 would likely be lower as a result […]
Dollar flat as market waits for U.S. GDP figures By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six advanced economy currencies, was essentially […]
Daily Market Outlook, January 26, 2023
Daily Market Outlook, January 26, 2023 Asian Markets Back Online & In Buoyant Spirits With Hong Kong Scaling 7 Month HighsAsian markets are trading with a mixed tone, the standout exception is the Hong Kong market which has opened with a strong risk on posture, as the Hang Seng printed fresh seven month highs. The handover […]
Market Update – January 26 – BOC Pause, TESLA Beat, USD at lows
Trading Leveraged Products is risky HK markets reopened today and rallied +2.15%, other Asian markets were softer following a weak handover form Wall Street (opened -1.6% but recovered to close flat) Gold remains at 9-mth highs and USD at 8-mth lows. The Dovish 25bp hike from the BOC hit the CAD (USDCAD hit 1.3430 from 1.3340); […]
Market Spotlight: Easyjet Spikes Higher on Profit Guidance
Lower Pre-Tax LossesShares in Easyjet are trading around 10% higher from yesterday’s close after gapping higher at the open on a more upbeat update from the company. Easyjet forecasts its first annual profit in 2023 since the pandemic began on the back of record bookings. The spike in bookings has helped the company reduce its […]
Daily Market Outlook, January 25, 2023
Daily Market Outlook, January 25, 2023 Microsoft’s Poor Guidance Puts A Lid On Tech Enthusiasm, Tesla On Deck TodayAsian markets are trading with a mixed tone as the handover from Wall Street lacked the optimism of recent sessions as Microsoft announced earnings that came in marginally better than consensus, however, guidance for the remainder of 2023 […]
Market Spotlight: Tesla Earnings in Focus Today
Tesla Up NextAs US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an EPS […]