Tag: direction

Micron is still ‘trending in the right direction’: Analyst

Micron Technology (MU) reported fourth quarter earnings, surpassing expectations on the top and bottom lines. However, the company’s weaker-than-expected outlook disappointed investors, triggering a downturn in the semiconductor sector and dragging chip stocks lower in Thursday’s trading session. CFRA Research senior industry analyst Angelo Zino and Bloomberg Intelligence analyst Jake Silverman join the Morning Brief […]

Inflation, Fed meeting to give clues for US market direction

By David Randall NEW YORK (Reuters) – Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year’s rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool […]

A stark change of direction for South Africa

Since South Africa’s first democratic election in 1994, the African National Congress (ANC) has won over 50 per cent of every vote. This 30 year streak of dominance has now come to an end. With the final results set to be announced today (SUNDAY), the ANC has failed to win a majority. Over the last […]

Euro zone bond yields struggle for direction, U.S. data in focus

By Stefano Rebaudo May 13 (Reuters) – Euro zone government bond yields struggled for direction on Monday, with investors on hold ahead of U.S. figures following a data-light week. Investors will focus on April’s U.S. Producer Price Index (PPI), to be released on Tuesday, and the Consumer Price Index (CPI) and retail sales data on […]