Market Update – February 8 – Markets Mixed Following Powell
Trading Leveraged Products is risky Chair Powell’s comments – cancelled each other out – talked more “disinflation” with “significant declines in inflation.” in 2023 but the surprise 517k NFP he could not explain – adding to the 5-5.25% range argument. Fed Fund futures are now pricing the terminal rate at 5.15% in July. (up from […]
European indices close the day with mixed results
For the UK FTSE 100, the price moved above the old all-time high from 2018 at 7903.50. The intraday high price reached 7906.58 before rotating back to the downside in closing minutes, and just below that all-time intraday high. Nevertheless, the close at 7901.81 was above the previous all-time close at 7877.97. In the forex […]
ForexLive European FX news wrap: Dollar mixed, equities lower ahead of NFP
Headlines: Markets: GBP leads, CAD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields down 0.4 bps to 3.394% Gold up 0.2% to $1,915.43 WTI crude down 0.3% to $75.68 Bitcoin up 0.2% to $23,509 It was a choppy session for major currencies as risk stayed on the defensive […]
Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed
Earnings, Apple, Amazon, Google and Nasdaq 100 Talking Points: The Market Perspective: Bearish Nasdaq 100 Relative to Bullish Dow Index Amazon and Google both offered mixed earnings results with both companies short of analysts’ EPS forecasts, though revenues were not a detriment Apple, sporting the largest market cap in the world above $2 trillion, missed […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
US major indices close mixed
The major US stock indices are closing with mixed – but modest – results. The major indices erased sharp declines. The final numbers are showing: Dow Industrial Average rose 9.86 points or 0.03% of 33743.83 S&P index fell -0.73% or -0.02% at 4016.21 NASDAQ index fell -20.90 points or -0.18% at 11313.37 Russell 2000 rose […]
Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?
Microsoft (MSFT), Earnings, FAANG, Tech, Nasdaq 100 and Dow Talking Points: The Market Perspective: Nasdaq 100 Range from 11,600 to 10,600 While tech-giant Microsoft reported a better-than-expected $2.32 EPS, its revenues fell approximately $700 million short of consensus estimates Despite the mixed basic financial performance, MSFT shares rallied as much as 5.3 percent higher from […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
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 […]
Mixed open for the major US stock indices
The major US stock indices opened mixed with the Dow lower and the S&P and Nasdaq higher. The S&P has dipped into negative territory in the first few minutes of trading but is trading above and below the level currently. A snapshot 10 minutes into the open is showing: Dow Industrial Average down -66.81 points […]