Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …
Read More »US Shares Fall As Tech Shares Lag With Fed In Focus
US stocks exhibited mixed performance on Friday, with investors continuing to digest signals concerning the next monetary policy-related moves by the US central bank. The S&P 500 and Dow rose, shaking off earlier losses. The Nasdaq shares held in the red territory as technology stocks underperformed. As of Thursday’s close, …
Read More »Tesla rallies on Cybertruck news despite China recall
Tesla (TSLA) stock gained over 1% in a combination of broad market recovery and follow-on from some strong delivery data last weekend. Tesla however remains on watch for further losses as it has failed to break the previous high and remains in a medium-term downtrend from a technical perspective.Elon Musk …
Read More »Oil prices are heading for a weekly decline due to the release of reserves
Oil prices rose on Friday but were still on track for a second weekly decline in a row after countries announced plans to release crude from their strategic stocks. Brent crude futures rose 71 cents, or 0.7 percent, to $101.29 a barrel by 1056 GMT. US West Texas Intermediate crude …
Read More »Lifted By Tesla, US Stocks-S&P 500 Closes Higher
The S&P 500 ended higher on Thursday, with Pfizer and Tesla fueling a late-session rally while investors eyed the war in Ukraine and a potentially more aggressive Fed. Tesla Inc rose 1.2% and Microsoft Corp added 0.6%, helping lift the S&P 500 and provide the Nasdaq a modest gain.Also supporting …
Read More »US Banks Hit By Ukraine War, Investment Banking Activity Retreats
Earning expectations for the big banks have been dialed back through the first quarter amid Russia sanctions and a steep decline in deal activity Big US banks are expected to reveal the impact of the Ukraine war and a drop in investment banking activity related to moribund capital markets when …
Read More »US Shares Under Pressure As Risks Turned Back Lower
The S&P 500 Index has come under pressure over the past couple of sessions, however key support at 4455/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&P 500 is holding …
Read More »Kyodo: Japan will withdraw 15 million barrels of oil reserves
Japan will withdraw 15 million barrels of state and private oil reserves as part of the second round of a coordinated withdrawal process led by the International Energy Agency, Kyodo News Agency said on Thursday. Kyodo said the move would mark Japan’s largest-ever contribution to the process led by the …
Read More »Japan’s Nikkei Hits a 3-Week Low Because of The Fed And China
Japan’s Nikkei fell on Thursday to a three-week low as investors worried about expectations of faster monetary policy tightening in the United States, the war in Ukraine, and COVID-19-related lockdown measures in China. The Nikkei fell 1.69 percent, the biggest decline since March 11, to close at 26,888.57 points, the …
Read More »Oil rises from 3-week low as fears of tight supplies persist
Oil futures rose on Thursday from a three-week low touched in the previous session after major consuming countries said they would release large amounts of oil reserves, while fears of tight supply still dominate market expectations. Brent contracts rose $1.48, or 1.5 percent, to $102.55 a barrel. And US crude …
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