Tag Archives: Markets

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link

(Bloomberg) — Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. Most Read from Bloomberg The benchmark CSI 300 Index closed nearly 5% down to the lowest level since April 2020, wiping out gains from a sweeping March pledge by officials to support the economy. The onshore yuan slumped to its weakest level in 17 months on concerns about rising capital outflows… Source link

(Bloomberg) — It’s been a painful week for traders of China’s stocks, bonds and currency as growing fears about the fallout from the nation’s Covid Zero strategy send markets tumbling. Most Read from Bloomberg The Hang Seng China Enterprises Index of big mainland companies listed in Hong Kong is among the worst-performing stock benchmarks globally this week. The offshore yuan extended declines, hitting the weakest level in a year. High-yield dollar bonds are headed for the longest… Source link

(Bloomberg) — U.S. stocks ended little changed in thin afternoon trading Monday and Treasuries ticked lower as investors focused on corporate results and prospects for faster policy tightening by the Federal Reserve. Most Read from Bloomberg The S&P 500 closed down less than 0.1%, after swinging between narrow gains and losses on volumes almost 20% below the 30-day average in the first trading day following a long holiday weekend. Bank of America Corp. was poised for the biggest daily advance… Source link

This week, earnings season is set to ramp up, offering investors a fresh set of data on the strength of corporate profits in the face of elevated inflationary pressure. Two of the major names reporting this week will include Netflix (NFLX) and Tesla (TSLA), offering an early look at how some of the mega-cap technology companies performed in the early part of the year. The other names set to report this week will span a range of industries, broadening out from last week’s bank-dominated… Source link

(Bloomberg) — Stocks and U.S. equity futures fell along with Treasuries Monday amid heightened worries about inflation risks and tightening financial conditions. A gauge of the dollar climbed. Most Read from Bloomberg An Asia-Pacific equity index shed more than 1%, dropping to the lowest since mid-March. China and Hong Kong struggled, with tech shares skidding on new guidelines from Beijing aimed at curbing data monopolies at internet platforms. U.S. and European futures also declined,… Source link

Federal Reserve chairman Jerome Powell. European markets were muted on Wednesday as investors focus on the latest insights into the Fed’s policy tightening. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images European stocks were in the red on Wednesday as investors focus on fresh western sanctions against Russia over its invasion of Ukraine and the latest insights into the Federal Reserve’s policy tightening. The FTSE 100 (^FTSE) lost ground after closing higher the previous session,… Source link

The head of the largest U.S. bank said markets are underestimating the speed by which he expects the Federal Reserve to raise interest rates. In a letter to shareholders released Monday, JPMorgan Chase CEO Jamie Dimon added that short-term borrowing costs need to be “substantially” higher to address the rapid pace of price increases. “The stronger the recovery, the higher the rates that follow (I believe that this could be significantly higher than the markets expect),” Dimon penned in… Source link

After last week’s solid March jobs report, investors this week are set to turn their attention to more commentary from the Federal Reserve, along with several quarterly corporate earnings reports. And to this end, Wednesday’s release of the Federal Open Market Committee’s (FOMC) March meeting minutes will be closely watched. The minutes, capturing the meeting that took place March 15-16, will unveil more of monetary policymakers’ thinking around the path forward for interest rates after their… Source link

In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce from around the globe. In this edition: European lawmakers propose the Digital Markets Act to tackle antitrust behaviour in Big Tech; Russia’s search engine, Yandex, has sparked security concerns over harvesting users’ data; US representatives propose a new bill to create a digital dollar; and, Meta have hired digital consulting firm Targeted Victory to “orchestrate a nationwide campaign”… Source link