Wall Street Falters Despite Drops In Fed’s Favorite Inflation Rate; Energy Stocks, Yields Rise On Trump’s Debate Performance: What’s Driving Markets Friday? Wall Street experienced a lackluster session during midday trading in New York, with major indices inching slightly lower despite the arrival of positive inflation data. In May 2024, the Personal Consumption Expenditure (PCE) […]
(Bloomberg) — US equity futures rose as investors’ focus turned from the presidential debate to upcoming price data that may solidify the case for lower interest rates. Most Read from Bloomberg Contracts on the S&P 500 and Nasdaq 100 advanced, suggesting this week’s rally on Wall Street is set to continue. Both indexes are on […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The major indexes may have only chalked small gains Wednesday, but while the generals were sleeping, the soldiers were on the march. At the vanguard, moderate losses in large-cap energy and financials were […]
(Bloomberg) — US equity-index futures slipped after Micron Technology Inc.’s disappointing sales outlook highlighted the risks of relying on artificial intelligence chip makers to fuel the stock rally. Most Read from Bloomberg Also on investors’ radar Thursday is a raft of US economic data that will help set the path for Federal Reserve policy, after […]
(Bloomberg) — European equities gained after a euro-area policy maker hinted that two more interest rate cuts may be in store this year. Most Read from Bloomberg The Stoxx Europe 600 index advanced about 0.5%, led by the tech sector after a rebound in Nvidia Corp. shares helped boost the S&P 500 on Tuesday. Basic […]
(Bloomberg) — Bitcoin and Nvidia Corp. just reminded investors that the market’s hottest trades are far from one-way bets. Most Read from Bloomberg The largest digital asset posted one of its steepest drops on Monday since the onset of the crypto-market recovery at the start of last year, leaving investors pining for $60,000 as a […]
(Bloomberg) — Shares in Asia edged higher to defy a mixed day on Wall Street as speculation gained that the tech sector rally may be running out of steam. Most Read from Bloomberg Equities in South Korea, Australia and Japan advanced. Stock futures in Hong Kong pointed up as the Nasdaq Golden Dragon China Index, […]
Looking at the stock markets, three main points are commanding investor attention right now. First, and the most obvious, is that the stock indexes are near record-high levels. Both the S&P 500 and the NASDAQ are within touching distances of their all-time highs. Second, corporate earnings are sound, with most sectors showing double-digit year-over-year gains […]
Traders are keeping a close eye on the yen as it approaches the 34-year low against the dollar that saw officials step in to currency markets earlier in the year (Richard A. Brooks) Asian markets extended last week’s poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking […]
By Florence Tan SINGAPORE (Reuters) – Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors’ risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling […]
(Bloomberg) — The yen remained under pressure and within a whisker of key levels against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. Most Read from Bloomberg “If there are excessive currency fluctuations, it has a negative impact […]
(Bloomberg) — A gauge of Asian currencies slipped for a third session, kicking off a week that includes measures of inflation that may help guide bets on the outlook for global interest rates. The yen was steady after Japan’s top currency official ratcheted up intervention rhetoric. Most Read from Bloomberg An index for the region’s […]