Tag Archives: Markets

(Bloomberg) — Most Read from Bloomberg Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks moderated and a bout of calm washed across global markets. The world’s largest digital token added as much as 5.4% to $32,636.08 as of 7:48 a.m. in London. Ether at one point climbed 6.4%, while coins like Solana and Avalanche were also in the green. Bitcoin’s earlier plunge had taken it to levels last seen in the middle of 2021. Whether the calm will last is an open question…. Source link

U.S. stock futures fell Monday morning to extend last week’s losses, as investors looked ahead to more data this week on inflation and earnings to gauge the strength of the economy and corporate profits as the Federal Reserve continues to tighten monetary policy. Contracts on the S&P 500 dropped more than 2% before market open. This added to losses after the index posted a fifth straight weekly decline last week. Nasdaq futures sank by another 2.7% during pre-market trading, and Dow futures… Source link

This week, investors will be faced with fresh data on the state of inflation, as the Federal Reserve hastens to bring down fast-rising prices. Quarterly earnings season will also continue, with a bevy of closely watched stock index components reporting results. The Bureau of Labor Statistics’ April Consumer Price Index (CPI), due out Wednesday, will be one of the most closely watched economic reports this week. The headline index is expected to decelerate on both a month-over-month and… Source link

Nuclear war is a tail risk. The financiers and policymakers who gather for the Milken Institute’s Global Conference in Beverly Hills each year normally debate on monetary policy, political trends and investment opportunities. This year, they’re gauging the likelihood of Armageddon. The Russia-Ukraine war is an obvious headline issue for financial markets, with Russian forces committing alleged atrocities reminiscent of the Holocaust and many western nations now providing billions of dollars… Source link

After a brutal month for equity investors in April, May is kicking off with a host of major market events that could further stoke volatility across risk assets. One of the focal points this week will be the Federal Reserve’s May monetary policy meeting, which will take place Tuesday and Wednesday. Market participants expect at the conclusion of this meeting, central bank officials will opt to raise interest rates by 50 basis points, representing the first hike of more than 25 basis points… Source link

(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