Market Spotlight: State Street Earnings in Focus Today
State Street Up NextUS earnings season rolls on today with State Street among the big names reporting. On the back of mixed results from financial earlier in the week (Morgan Stanley beat estimates, Goldman Sachs missed estimates), traders will now be looking to see which side of the line State Street falls on. The bank […]
Market Spotlight: Low Bar Set for Today's US PPI & Retail Sales
Key US Data Up NextToday sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the Fed […]
Market Spotlight: GS Shares Plunge As Q4 Results Worst in Decade
GS Shares Tank on Q4 ResultsShares in Goldman Sachs are on the backfoot today following heavy losses yesterday amidst a weaker-than-expected set of Q4 earnings. On the back of solid results from JPM and Citi last week, investors were hoping for a similar display from Goldman. However, with EPS coming in at $3.32 vs $5.56 […]
UK and US retail sales data in the spotlight, UK inflation falls
Asia-Pacific shares traded higher on Wednesday, although the Bank of Japan (BoJ) announced its decision not to change its yield curve control policy. In a press conference, the BoJ’s Governor Haruhiko Kuroda said that “it’s not long since we decided on our measures in December. It will likely take some more time for the measures […]
Market Spotlight: Goldman Earnings in Focus Today
Goldman To Follow JPM & Citi?Shares in US banking giant Goldman Sachs are trading higher ahead of the open today as traders brace for the group’s Q4 earnings. A slew of strong earnings from leading financials on Friday has helped stoke sentiment ahead of the release. In terms of the numbers, Wall Street is looking […]
Market Spotlight: Shifting Fed View Drives Bitcoin Bounce
BTC Rebound UnderwayFollowing heavy losses over 2022, Bitcoin is starting the year in a much more encouraging manner. The leading crypto asset has recorded a roughly 30% rally over initial 2023 trading, taking price back up to levels last seen in September 2022. The main driver behind the move appears to be the shift in […]
Market Spotlight: BOJ Speculation Risks EURJPY Downside Break
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has turned […]
Market Spotlight: Sainsbury Stock Falls Despite Profits Update
Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]
Market Spotlight: Harbour Energy Reversing QuicklyHigher
HBR Rising Shares in FTSE 250 listed Harbour Energy PLC are among the biggest gainers on the index today. HBR shares are up nearly 3% from the European open with the stock boosted by the general uptick in risk appetite we’re seeing so far this year. The company which is the largest UK-listed independent oil […]
Market Spotlight: Nat Gas Volatility At Lows
Natural Gas Breaks LowsThe sell off in natural gas prices from the highs seen early last year has seen the market collapsing by almost 70%. Natural gas futures recently hit their lowest levels since late 2021 as a milder winter in Europe has allowed for far less demand than typically seen over this period. Given […]