September proved to be an unseasonably strong month for the market, with the S&P 500, a measure of broader market performance, ...
In a cyberattack linked to the Chinese government, major U.S. broadband providers have reportedly been breached, potentially ...
A Russian YouTuber is said to have tested Apple Inc.’s (NASDAQ:AAPL) unannounced M4 MacBook Pro, which is anticipated to be ...
Expert Elliott Wave analysis for SP500, NASDAQ 100, tech stocks like Apple, Tesla, Amazon, Nvidia, and Bitcoin. Stay updated on market trends and trading opportunities in stocks and cryptocurrencies.
We recently made a list of Morgan Stanley’s Best Overweight & Quality Stocks: Top 25 Stocks. In this piece, we will look at where Apple Inc. (NASDAQ:AAPL) ranks on the list of the top overweight and quality stocks. The close of September has cemented the paradigm shift on Wall Street. With the Federal Reserve’s first […]
In this video, I’ll break down how you can maximize your gains by leveraging sector rotation and the Bollinger band squeeze setup.
The underdog telecom company's stock soared nearly fivefold over the past year.
In this brief market review, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
CPI swaps indicate that September inflation could exceed expectations. They are pricing in a 0.2% month-over-month increase for headline CPI and a 2.4% year-over-year increase, surpassing estimates of 0.1% month-over-month and 2.3% year-over-year.
We recently compiled a list of the 35 AI Superstars According to Goldman Sachs. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI superstars according to Goldman Sachs. US technology stocks have surged dramatically this year, largely driven by the growing excitement surrounding generative artificial […]
Goldman Sachs analyst Gabriela Borges recently put a price target of $324 on CrowdStrike stock.
We recently compiled a list of the 35 AI Superstars According to Goldman Sachs. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI superstars according to Goldman Sachs. US technology stocks have surged dramatically this year, largely driven by the growing excitement surrounding generative artificial […]
OpenAI has announced its latest funding round, raising $6.6 billion in new capital and pushing the company's valuation to $157 billion. D.A. Davidson Managing Director and Senior Software Analyst Gil Luria joins to discuss how the company "continues to accomplish amazing things." According to a report from the New York Times, OpenAI wants to reach $11 billion in sales by next year, a goal Luria believes is "doable," provided certain things go right for the company. However, he describes the reported $100 billion sales target by 2029 as "fantastical," while acknowledging that "they're still leading the way in artificial intelligence and some of the tools around it." According to Luria, heavy investments in AI by big tech companies are driven by the fact that "nobody wants to be second" in achieving artificial general intelligence (AGI). He notes that along the way, these companies will tackle AI challenges such as solving complex mathematical problems, with numerous enterprise and consumer applications built around this technology. While Luria recognizes OpenAI's leadership in content creation tools, code development tools, and image generation tools, he emphasizes that "the real race is still that race to AGI." "AGI is almost on a different access. It's a level of intelligence that will solve problems that weren't previously introduced," he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Nuclear power is emerging as a new solution to power data centers.
GE Vernova has become a Wall Street favorite as an AI power play.
Blowout capital spending, financial reporting changes and the relationship with OpenAI are making investors think twice.
Following significant lobbying from major tech companies, California Gov. Gavin Newsom (D) has vetoed a bill designed to regulate AI, ...
Texting between iPhones and Android devices can be miserable. It brings some familiar “blue bubble” iMessage features to “green bubble” chats with Android phones, such as emoji reactions and read receipts. Most Americans have iPhones, and iMessage is a big reason people stick with Apple’s devices.
Don't be intimidated by their extreme bullishness and rich valuations. They're worth every penny to long-term investors.
Why demand for Nvidia's GPUs is likely to remain robust for the foreseeable future.
Let's talk about the popular Apple Inc. ( NASDAQ:AAPL ). The company's shares saw significant share price movement...
This past week has been eventful for Apple Inc. (NASDAQ:AAPL), with developments ranging from potential technological advancements to ...
OpenAI just closed one of the largest private funding rounds in American history.
Investing in the companies you know well is all you need to build wealth.
These companies have been on fire for a while, but they haven't peaked yet.
These industry leaders have promising growth catalysts on the horizon.
Stock investors could hardly be more enthusiastic: The S&P 500 has raced higher, notching its best first nine months of a year since 1997. Corporate insiders have been reluctant to snap up shares of their companies. Followers of insider sentiment believe the trades of company executives and board members, who ought to be well-informed about the prospects for their own businesses, can collectively provide a signal about the future performance of the market as a whole.
You shouldn’t give an AI assistant more power than a recent college graduate, C-suite exec suggests.
Wall Street could be set up for disaster -- but not for the reason you might think.
Brookfield Renewable has increasing visibility into its ability to grow rapidly in the future.
We recently compiled a list of the Best Stocks to Buy According to Billionaire Ray Dalio. In this article, we will look at where Microsoft Corporation (NASDAQ:MSFT) ranks among the best stocks to buy according to billionaire Ray Dalio. Ray Dalio was born in 1949 and graduated from Long Island University in 1971. After a […]
Can Apple continue richly rewarding shareholders?
Here is a brief look at the 7 largest companies by market capitalization as of Saturday, Oct. 5, 2024. Additionally, I have included the percentages of their gains on a year-to-date basis. Let's dive into the numbers.
The “Oracle of Omaha” Warren Buffett is one of the most successful, most popular investors of all time -- and for good reason. But despite Buffett’s fortune and his army of stock analysts, there’s still one critical advantage you and I have over him.
Microsoft Corp. (NASDAQ:MSFT) has reportedly lost log data for several of its crucial security products, which could potentially affect ...
OpenAI is considering transitioning from a nonprofit into a for-profit company, and its deep-pocketed benefactor, Microsoft, has a lot to gain if the ChatGPT developer gets the green light.
Known best as the former CEO and co-founder of Apple Inc (NASDAQ:AAPL), Steve Jobs created some of the most visionary products of the ...
Nuclear power is returning to favor, and it could be a lasting trend.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top ...
Over-the-counter hearing aids promised to be cheaper and more accessible for people with mild to moderate hearing loss. People returning the devices often cite poor audio quality or lack of adequate customer service, audiologists and retailers say. Michael Abt, co-president of Abt Electronics, a large, independent appliance and electronics store in Glenview, Ill., stopped carrying OTC hearing aids over the past two months because of their 40% return rate.
We recently compiled a list of the 30 AI News Investors Should Not Miss. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other AI stocks. Artificial intelligence (AI) data centers are one of the hottest topics on Wall Street as companies across the industrial spectrum compete […]
Apple isn't the company it used to be.
We recently compiled a list of the 30 AI News Investors Should Not Miss. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks. Artificial intelligence (AI) data centers are one of the hottest topics on Wall Street as companies across the industrial spectrum compete […]
We’ll explore this, based on five criteria: user interface, compatibility, useful features, fun factor, and privacy & security.
The following tech players have each built successful businesses -- well before the AI boom.
Amazon has a higher net percentage of buy ratings than any other stock in the S&P 500.
Taiwan-basedNovatekis gearing up to mass-produce OLED displays a new technology that could significantly influence the ...
Don't be intimidated by their recent strength -- the market's just pricing in their bigger bullish pictures.
ChatGPT developer OpenAI is considering a shift from its current non-profit model to a for-profit structure. Specifically, the company is exploring the possibility of becoming a Delaware public benefit corporation — a business model that combines traditional corporate elements with a commitment to public benefit initiatives. Yahoo Finance legal reporter Alexis Keenan delves into the details of this potential transition — highlighting how tech giant Microsoft (MSFT), a major investor in OpenAI, stands to reap substantial benefits from this move. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
October 7 kicks off Nvidia's AI Summit, a big event for the whole industry.
It was a relatively flat week for major stock indices as traders opted for caution following the rallies of recent weeks and amid ...
Apple Fourth-Quarter App Store Revenue Poised for Double-Digit Growth, UBS Says
WhenBerkshireHathaway Inc(NYSE:BRK-A) (NYSE:BRK-B) boughtSee's Candies in 1972, the firm’s ...
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track ...
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Albemarle Corp. (ALB), where a total of 23,881 contracts have traded so far, representing approximately 2.4 million underlying shares..
After a brief lull, the fervor for artificial intelligence (AI) investments is back with a bang on Wall Street.
Have you considered setting up a trust?
Blizzard Entertainment has officially confirmed that Diablo 4 will be enhanced for the PS5 Pro, marking the first Microsoft Corp. ...
The new AI age is largely centred on the Valley and San Francisco, and features Alphabet, Apple, Meta, NVIDIA and OpenAI.
To gain an edge, this is what you need to know today. Barn Burner Jobs Report Please click here for an enlarged chart of ...
Warren Buffett once called Apple Inc (NASDAQ:AAPL) "probably the best business" he knew in the world when asked why he invested so ...
We recently compiled a list of the Top 20 Trending AI News And Analyst Ratings. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other trending AI stocks. Artificial intelligence (AI) startups have taken the finance world by storm in the past few months. This interest was […]
Bitwise announced the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) on Friday, a fund that combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and ...
Financial giants have made a conspicuous bullish move on Apple. Our analysis of options history for Apple (NASDAQ:AAPL) revealed 22 ...
Nvidia and Microsoft are counting on the success of OpenAI.
Investors with a lot of money to spend have taken a bullish stance on Microsoft (NASDAQ:MSFT). And retail traders should know. We ...
Apple is manufacturing the entire iPhone 16 lineup, including the iPhone 16 Pro and iPhone 16 Pro Max in India.
This story was originally published on theBenzinga India portal. U.S. tech behemothApple(NASDAQ: AAPL) reportedly ...
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is ramping up its 2nm technology development at home and beyond despite odds ranging ...
Picking the right funds to invest in can be daunting task with so many to choose from. Here are the top picks from Bestinvest's research teams.
Palantir's hot right now. But Wall Street thinks Nvidia is still the better pick.
The Federal Reserve's moves are magnificent for all seven of these giants but are better for some than others.
Microsoft's dividend-growth streak could make you take a second look.
Apple isn't the company is used to be and the stock is incredibly expensive.
Alphabet is the cheapest stock in the Magnificent Seven and it's growing faster than many rivals.
Is hype fueling Lumen Technologies, or could this be a stock worth buying right now?
After notching triple-digit gains over the past year, these tech stalwarts are still worth a look.
It appears that Microsoft plans to spend a boatload of cash on AI infrastructure in the coming years.
The pound is heading for its worst week in over a year.
Since October 2023, the Israel-Hamas conflict has pushed risk assets to the downside.
Constellation Energy got a growth account last month.
BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.
Most gains come in the latter part of the month.
Stocks finished little changed on Thursday. The trading range was quite wide, but for now, the S&P 500 remains near the zero gamma level for the most part.
After securing a whopping $6.6 billion funding round, ChatGPT-parentOpenAI has bagged a$4 billion revolving credit ...
Starting with 1990, the three biggest companies on the S&P 500 were, Exxon Mobil, and General Electric.
Vistra Corp. (NYSE:VST) and Constellation Energy Corp. (NASDAQ:CEG) shares traded higher Thursday after RBC Capital raised price targets ...
The third quarter proved to be a good one for the Dow Jones. These three stocks performed the best.
Nvidia's stock surges as CEO Jensen Huang reports "insane" demand for its new Blackwell GPU chip.
The market capitalization of the S&P 500 increased by 7.8% during the third quarter of 2024.
A man responsible for helping to bring the Xbox gaming console and Zune media player to life for Microsoft Corporation (NASDAQ:MSFT) has ...
Apple Inc (NASDAQ:AAPL) owned streaming platform AppleTV+ is one of the smaller players in the streaming market. When it comes to ...
Bermuda-registered Relm Insurance has introduced a policy covering bitcoin miners' for periods of business interruption. Relm is licensed to offer indemnification to bitcoin miners in the same currency that they are mining thanks to its Class Innovative Insurer General Business (IIGB) license from the Bermuda Monetary Authority.
To gain an edge, this is what you need to know today. Cognitive Dissonance Please click here for an enlarged chart of iShares ...
Investors in Apple Inc (AAPL) saw new options become available today, for the November 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new November 22nd contracts and identified one put and one call contract of particular interest.
Investors in Microsoft Corporation (MSFT) saw new options become available today, for the November 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MSFT options chain for the new November 22nd contracts and identified one put and one call contract of particular interest.
Rezolve AI Limited (NASDAQ:RZLV) shares are trading higher Thursday after the company announced a strategic partnership with Microsoft ...
» Small Caps Cool Off As Nasdaq, S&P 500 Ease; Pennant Group, Viking Show Leadership (Live Coverage)
Viking rallied past an aggressive trendline near 35.
For wealth managers, crypto presents a key opportunity for growth – especially with rising mainstream interest after the approval of spot bitcoin and ether ETFs earlier this year.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF Trust (SPY), which added 23,202,116 units, or a 2.3% increase week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is down about 0.8%, and Microsoft Corporation (MSFT) is lower by about 0.2%.
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and ...
Generative artificial intelligence leader OpenAI has raised $6.6 billion in new funding, valuing the startup at $157 billion. New investors include SoftBank and Nvidia.
Microsoft (NASDAQ:MSFT) has outperformed the market over the past 15 years by 8.71% on an annualized basis producing an average annual ...
iPhone sales are critical to Apple's success.
The Bank of England could become 'more aggressive' in its approach to interest rate if inflation continues to ease.
The company's founder has been selling billions of stock of the AI server-maker all year.
Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.
Aave is a decentralized lending platform based on the Ethereum blockchain that offers automated loans of cryptocurrency using other tokens you own as collateral. It also lets users lend out their crypto to earn interest.
Dow Jones futures dropped Thursday ahead of initial unemployment claims. Nvidia stock rallied, while Tesla slid.
Two of the tech industry's biggest names have released augmented reality products.
The giant chip foundry is among the companies best positioned to benefit from the AI megatrend.
Evidence of U.S. economic strength is buoying the currency after it was hit by recession fears in recent months. Upbeat economic data has led traders to pare back expectations for rate cuts by the Federal Reserve. Higher rates typically support a currency by making it more attractive to yield-seeking investors.
The representative from Georgia continues to be busy in September building a more robust portfolio.
These companies are heavily investing in big growth areas -- such as artificial intelligence, cloud computing, semiconductors, and fintech.
The latest investor updates on stocks that are trending on Thursday.
Will Microsoft split its stock again? Here's why you shouldn't hold your breath waiting for that announcement.
All three companies share this important trait.
The Oracle of Omaha is making some big moves.
Buffett surprised investors with his latest actions.
A study conducted by Consumer Intelligence Research Partners or CIRP has once again revealed that Apple Inc.’s (NASDAQ:AAPL) ...
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is set to gain over $50 million from selling 223,986 shares of Apple stock, according to a U.S. ...
This story was originally published on theBenzinga India portal. Apple's (NASDAQ: AAPL) supplier responsibility team ...
Driverless vehicles are already here, and the future is exciting.
Just as optimism was about to surge, clouds rolled in, pushing prices lower.
PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.
As the curtain rises on the iPhone 16 Series, Apple enthusiasts are buzzing with anticipation. However, JPMorgan analyst Samik ...
Zeke Faux, author of "Number Go Up," sits down with Julie Hyman and Josh Lipton on Asking for a Trend to talk about how cryptocurrency has become a hot-button issue ahead of the upcoming presidential election. “When I talk to Bitcoin (BTC-USD) proponents, you get a lot of pitches about its digital gold. It's a store of value because Bitcoiners have pretty much given up on pitching it as something you're going to use to buy your coffee in the morning or whatever,” Faux tells Yahoo Finance. He adds despite the view that crypto stores value, “From the price action, what we've seen is it's moving pretty much with other risk assets… It's moving a lot more in lockstep rather than like being a hedge the way they pitch it.” The author explains, “The title of the book, 'Number Go Up,' comes from something I heard a Bitcoin guy say at a conference, and he was like, if the price goes up, it gets people excited. The more people will buy, then the price will go up more. And before you know it, like to the moon. And I thought that was kind of laughable. But I really think that's kind of what's been happening these last couple of years.” “I don't think that kind of thinking can last forever. But so far, it's, you know, led to pretty strong recovery for all these coin prices,” Faux notes. Both former President Donald Trump and Vice President Kamala Harris have talked crypto on the campaign trail ahead of the November election. Faux says, “It's really wild, especially as someone who covers crypto [and] sometimes it's kind of hard to cover all of this stuff with a straight face because we've seen so many scams, so much fraud.” “People in crypto are even not talking that much about crypto as the future… the excitement is gone, except in DC, where now you've got politicians who are basically repeating the industry's talking points,” Faux says. He notes the politicians have “pitched this idea that there's a lot of Bitcoin voters and they're doing this to appeal to Bitcoin voters. I really don't think there's a lot of people where crypto is like top of mind, but there's definitely quite a few really rich crypto guys.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.
Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the ...
On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market open and report on some of the biggest stories impacting markets. All three of the major indexes (^DJI,^GSPC, ^IXIC) opened slightly lower on Wednesday, while oil prices (CL=F, BZ=F) continued to rise and bitcoin (BTC-USD) experienced a sharp decline. Traders flocked to more defensive areas of the market in Tuesday's trading session after Iran launched a ballistic missile attack on Israel. Israel has vowed to respond to the attack, raising concerns about tensions in the Middle East escalating even further. Raymond James Washington policy analyst and managing director Ed Mills observes that markets have been "shockingly resilient" despite global unrest. "There are a lot of unknowns ahead and Israel will absolutely respond. They cannot let hundreds of missiles going towards their country be met without a response," Mills states. However, he notes that the nature of Israel's response remains "uncertain." US private payroll numbers beat Wall Street expectations in September, according to the latest ADP report. The data shows that 143,000 jobs were added in the private sector last month, surpassing the projected 125,000 jobs — a significant increase from August's reported 99,000 jobs. Tesla (TSLA) shares are under pressure after the company reported that it delivered 462,890 vehicles during the third quarter. This figure came in slightly below Wall Street's expectation of 463,897 deliveries. William Blair group head of energy and sustainability research sector, Jed Dorsheimer, notes that the growing optimism in delivery estimates on Wall Street was closely tied to Tesla's rising stock price. Consequently, he says, "it's not surprising to see a pullback" now that the numbers have missed expectations. Despite this setback, Dorsheimer points out that this quarter demonstrates Tesla's stabilization ahead of "some key catalysts" for the business, including the upcoming robotaxi event and the Shanghai energy business. Nike (NKE) is looking for a fresh start under its incoming CEO, Elliott Hill. The footwear giant reported mixed fiscal first quarter results, withdrew its full-year sales guidance, and postponed its investor day that was originally scheduled for November. Hill will step into the role on October 14, where he will embark on a turnaround mission for the company. Baird Senior Research Analyst Jonathan Komp argues that under Hill, Nike will likely be able to improve its performance, saying, "Generally, we expect stocks in the sector to bottom when earnings start getting less bad. We think we've seen the worst here for Nike, but it is going to take patience." As the Federal Reserve's rate easing cycle is underway, Megan Horneman, Verdence Capital Advisors CIO, believes that investors are putting too much faith in a soft landing. She tells Yahoo Finance, "People are just getting a little ahead of themselves as far as what strength there is in the economy." While the labor market remains "relatively strong," she has concerns about the consumer, noting that credit card debt is over $1 trillion. She adds, "We know that inflation is coming down towards the Fed's target, but we can't forget that this has been accumulating for several years now. So this is really a strain on consumers... I just don't see the strength in the consumer that's going to be able to last much longer." This post was written by Melanie Riehl
Bitwise Asset Management has made the first Securities and Exchange Commission filing seeking approval to launch an exchange-traded fund holding Ripple Labs' XRP token. Earlier this year, the SEC began to approve so-called spot ETFs for two of the biggest cryptocurrencies, bitcoin and ether.
Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.
Bitcoin (BTC-USD) and related stocks are experiencing a sharp decline in prices following Iran's attack on Israel on Tuesday. This escalation of tensions in the Middle East has pushed the cryptocurrency market into the red, despite October historically being a positive month for Bitcoin. Yahoo Finance anchor Madison Mills breaks down the details, offering insights into other factors influencing cryptocurrency prices beyond the Middle Eastern conflict. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
The latest investor updates on stocks that are trending on Wednesday.
Despite inflation heading below the ECB's target rate of 2% in September, core inflation — which strips out more volatile measures — still came in at 2.7%.
The US dollar index hit 14-month lows on Wednesday near 100.20. The Fed is expected to cut 25-bps rates in November and December, so market participants may price in the impact of future cuts.
A soft landing for the European economy could be slipping away, increasing pressure on policymakers to step up the pace of interest-rate cuts. Business surveys out Monday indicated that activity in the eurozone's two largest economies was much weaker than expected in September. Here is how markets reacted: + **An October rate cut is now on the table.** Derivatives markets show investors see the European Central bank's key rate at 3.31% next month, meaning they are pricing in almost a full quarter-point reduction from the current rate of 3.5%.
Are you tracking the EURUSD pair?
The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The Wall Street Journal reported Thursday that the Federal Reserve was still considering whether to cut its benchmark rate by a standard 0.25 percentage point, or 0.5 percentage point on Wednesday. Traders sold the dollar upon learning that the option of a larger cut was still on the table, said Katsutoshi Inadome, a strategist at SuMi Trust.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
The ECB’s 12 September meeting could be a turning point as Eurozone data sends mixed signals. With rising stagflation risks and wage growth pressures, the central bank faces a complex decision: should they cut rates to support growth or maintain their focus on battling inflation? Traders should be on high
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.
Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Forestry&Paper, Pharmaceutical Industry and Utilities sectors led shares lower.
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
Investing.com -- Investors should buy protection now as the volatility seen in August is likely to return amid a closely contested U.S. election race, according to a report released Tuesday by BCA Research.
The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve's July policy meeting and Chair Jerome Powell's upcoming speech at Jackson Hole later this week. The minutes, due on Wednesday, and Powell's speech on Friday are likely to be the main drivers of currency movement for the week, and traders expect a dovish tone to emerge. “The signs are subtle, but bearish dollar momentum is starting to build,” said analysts at ING, in a note.
The U.S. dollar edged higher Thursday, but remained close to seven-month lows after the release of benign inflation data, while sterling rose after solid growth data. The figures added to cooler-than-expected producer prices earlier in the week, and suggest inflation is on a downward trend which would provide the Federal Reserve with headroom to start cutting interest rates. The next data point is U.S. retail sales later in the session, and will garner significant attention as consumption accounts for about two-thirds of U.S. economic growth.
The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation data. The U.S. currency retreated Tuesday after the July producer price index came in softer than expected for July, resulting in traders shifting bets slightly towards a 50 basis point cut in September. The PPI reading ramped up hopes that a consumer price index inflation reading, which is due later on Wednesday, is also expected to show inflation remained benign in July, providing the Federal Reserve with more headroom to begin trimming rates.
BCA Research is urging investors to be cautious about the recent rebound in European equities and German bond yields, warning that the effects of the yen carry trade blowup are far from over.
The U.S. dollar rose Tuesday, reversing some of the recent losses as a degree of calm returned to the foreign exchange markets. The dollar has been hit hard of late by fears of a U.S. recession after a batch of weak readings on the labor market, which ramped up bets that the Federal Reserve will have to cut rates more than initially expected. Traders now expect 110 basis points of easing this year from the Fed, pricing in an 80% chance of a 50 bps cut in September, after having fully priced in a 50 bps cut on Monday.
The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world's largest economy, potentially prompting the Federal Reserve to aggressively loosen monetary policy. Overnight, data showed U.S. manufacturing activity contracted at the fastest pace in eight months in July, while a gauge for employment fell sharply, raising the potential for a U.S. recession.
The proportion of Italian sovereign debt held by foreign investors, a less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment.
The U.S. dollar traded largely flat Tuesday, with traders wary ahead of the start of the latest Federal Reserve rate-setting meeting. The U.S. central bank is widely expected to leave rates unchanged this week, but traders will be looking for any hints from Fed Chair Jerome Powell on how soon policymakers are prepared to cut rates at his press conference. Powell also has the Jackson Hole gathering of central bankers in August, in the absence of a Fed meeting that month, to further guide the market, but failing to give a clear signal of a September cut this week would likely lead to a strengthening of U.S. Treasury yields and the dollar.