Most Asian stock markets fell on Monday as investors braced for a spate of Chinese economic data, as well as monetary policy indications from a crop of Federal Reserve speakers later in the week. China’s Shanghai Composite index was the worst performer on the day, down 1.1% as local industrial, …
Read More »Trend of the week: Poor corporate results, US regional banks concerns
Even though US inflation has slowed and there are signs that the cycle of monetary tightening may be coming to an end, this week’s trend was negatively impacted by a bunch of weak corporate earnings and ongoing worries about US regional banks. Although the sessions have been tumultuous, the major …
Read More »Dow futures rise 145 pts
US equities are expected to begin higher Friday on rising hope that the Federal Reserve would stop its monetary tightening drive, however concerns about a future recession, as well as the debt ceiling and the banking sector, persist. The Dow Futures contract was up 145 points, or 0.4%, at 11:00 …
Read More »Wall Street is grappling with losses related to earnings
U.S. stocks dropped Thursday after disappointing earnings of Disney as well as a plunge in shares of regional banks and the threat of a U.S. debt default. Concerns of bank failure popped up again partially because of debt ceiling potential risk as well as liquidity issues regional banks recently show. …
Read More »What is shorting and how can it work amid recession fears?
Leading investment firms are shorting US stocks as the global recession-linked fears become more and more severe. The approach is focused on shorting US stocks worth billions of dollars. This wave of selling short is a wager that the market would be under pressure as recession fears intensify. The possibility …
Read More »Mild recession could play as a catalyst for US equities
Economists see the upcoming mild recession as a catalyst to kick-start the bull trends for US equities. According to this viewpoint, mild recession equals restart of the secular bull run.Seven of the last eight Fed hiking cycles triggered an economic recession, and US stocks historically do not bottom until a …
Read More »Futures edge higher on inflation cheer
U.S. stock index futures edged higher in the early hours of Thursday on lingering optimism over upbeat inflation data, while Disney took a hit as it lost subscribers in the prior quarter. The Nasdaq index ended Wednesday at its highest level in more than eight months, boosted by large-cap technology …
Read More »Most Japanese stocks decline amid mixed earnings
Most Japanese stocks fell on Thursday as investors balked after recent gains and assessed a mixed set of corporate earnings ahead of a high-level meeting of the Group of Seven. Mazda Motor fell 2.69% after the automaker cut sales and profit forecasts due to production restrictions. While Sumitomo Mining shares …
Read More »Explainer: Wall Street’s calm is byproduct of debt ceiling woes
Wall Street has identified its own X-date in late May, and if there is no major movement in Congress by then, it is expected that some major market volatility is looming. The US government is running out of money, and if Congress doesn’t act to raise or suspend its self-imposed …
Read More »Futures lower as focus shifts to inflation data
US stock index futures fell on Wednesday as investors anticipated a crucial inflation data to determine if the Federal Reserve was effective in bringing down increasing costs. The Consumer Price Index (CPI) is predicted to have increased 0.4% last month after increasing 0.1% in March, while the so-called core CPI …
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