The U.S. is massively underperforming global markets
A trader works on the trading floor at the New York Stock Exchange (NYSE), January 5, 2023.Andrew Kelly | ReutersU.S. stocks have fallen far short of their global peers over the past three months, a rarity in recent years, and analysts expect this divergence to widen over the course of 2023.As of Tuesday morning, the […]
Bed Bath & Beyond, Verizon, Lululemon and more
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines before the bell.Verizon — Verizon shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter. While earnings met analyst predictions, forward earnings fell short of a Refinitiv consensus […]
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, PMI, Nikkei 225, ECB, EUR/USD – Talking Points The Japanese Yen inched higher after a tick-up in PMI numbers A buoyant mood from US tech stocks spilled into other equity markets As the Lunar New Year festivities continue, will thin trade impact USD/JPY? Recommended by Daniel McCarthy Get Your Free […]
Wayfair, Meta, Apple and more
The Spotify logo on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade […]
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Wayfair, Salesforce, Paypal and more
Salesforce signage outside office building in New York.Scott Mlyn | CNBCCheck out the companies making the biggest premarket moves:Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight, which said it sees potential upside from direct-current and generative artificial intelligence. The firm also upgraded Qualcomm […]
ForexLive European FX news wrap: Mixed dollar amid mixed markets
Headlines: Markets: AUD leads, JPY lags on the day European equities slightly higher; S&P 500 futures up 0.1% US 10-year yields up 2.2 bps to 3.506% Gold flat at $1,927.16 WTI crude up 0.6% to $82.15 Bitcoin up 2.6% to $22,912 It was a largely quiet session as broader markets are taking a cue from […]
US Dollar Slips as Markets Weigh Fed Perspectives in Thin Trade. Lower USD?
US Dollar, DXY Index, USD, Fed, Lunar New Year, Crude Oil, Gold – Talking Points The US Dollar dipped today on the possibility of the Fed being less aggressive Equity markets that remain open over the Lunar New Year are buoyant so far today If Fed slows its hiking pace, will the DXY (USD) index […]
ICYMI – most Asian markets are closed for a holiday today
I posted over the weekend the heads up: On holiday today are markets in: And its a holiday in Wellington, New Zealand’s capital. — In as normal today are Australia and Japan. Interest and liquidity are much lower than normal. Despite this the USD is weaker pretty much across the major’s board. Gold is up: […]
Silver prices could hit a 9-year high in 2023, outpacing gold
A one kilogram silver bar, a two hundred and fifty gram silver bar, and a five hundred gram silver bar, all produced by Swiss manufacturer Argor Heraeus SA in Budapest, Hungary, on July 20, 2016.Akos Stiller | Bloomberg | Getty ImagesPrices of silver could hit a nine-year high of $30 per ounce this year — […]