ADVFN US – Market Content Editor
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Five key themes for markets in the coming week
Investors are heading into a shortened U.S. trading week with a packed agenda. A slate of economic reports — spanning inflation and growth — will command attention, alongside minutes from the Federal Reserve’s latest meeting. On the corporate front, results from Walmart (NYSE:WMT) and Palo Alto Networks (NASDAQ:PANW) are set to draw particular scrutiny. 1.…
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Oil steady as traders assess U.S.–Iran negotiations and looming OPEC+ output hike
Oil prices were broadly stable on Monday as markets balanced the potential impact of renewed U.S.–Iran nuclear discussions against expectations that OPEC+ could move forward with planned supply increases. By 09:10 GMT, Brent crude futures were down 18 cents, or 0.3%, at $67.52 per barrel. U.S. West Texas Intermediate crude slipped 17 cents to $62.72…
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Gold eases and silver pulls back as investors reassess U.S. rate trajectory
Gold prices edged lower on Monday, with silver also declining, as markets continued to weigh the outlook for U.S. interest rates following the latest inflation figures. At 04:25 ET (09:25 GMT), spot gold slipped 0.6% to $5,015.40 per ounce, while April gold futures fell 0.2% to $5,035.25 per ounce. Spot silver declined 0.9% to $77.230…
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Bitcoin slips toward $68,000 as crypto downturn stretches into fourth week
Bitcoin (COIN:BTCUSD) declined on Monday, deepening a selloff that has now entered its fourth consecutive week, as ongoing uncertainty around U.S. interest rates continues to dampen appetite for riskier assets. The largest cryptocurrency by market value retreated after briefly climbing above $70,000 over the weekend. By 00:58 ET, Bitcoin was down 2.7% at $68,409.7. Strategy…
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Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street Futures
Markets are heading into a shortened trading week packed with economic releases and major corporate earnings, while geopolitical developments between Washington and Tehran are keeping energy traders alert. Oil prices are holding in a narrow range ahead of new nuclear talks in Switzerland, Warner Bros. Discovery is reportedly reassessing a takeover proposal, and both gold…
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Would a stock market crash spark a global recession? Capital Economics weighs in
A sharp correction in equity markets would weigh on global activity, but by itself is unlikely to push the world into recession, according to fresh research from Capital Economics. In a note published Wednesday, Chief Global Economist Jennifer McKeown said that while falling share prices can magnify economic weakness, history suggests that “the causality almost…
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Can iron ore prices stay supported as new supply ramps up and China cools?
Iron ore has underperformed the wider metals complex as Chinese demand eases and supply remains ample. Still, analysts at Morgan Stanley argue the market is more resilient than it looks, pointing to a steelmaking mix that continues to favour blast furnaces and to rising costs that help underpin prices. China’s steel output has softened while…
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U.S. Stocks Close Little Changed On The Day But Sharply Lower For The Week
After showing a lack of direction early in the session, stocks saw some strength in afternoon trading on Friday before once again giving back ground going into the end of the day. The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.48 points or 0.2 percent to 22,546.67, adding to…
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Wells Fargo sees continued expansion in credit card lending this year
Wells Fargo expects overall loan growth to continue this year, with credit cards and auto lending leading the way, while its mortgage business is showing signs of stabilizing after a prolonged downturn, Chief Financial Officer Mike Santomassimo said on Tuesday. Speaking at the UBS Financial Services Conference, Santomassimo highlighted steady momentum in the card portfolio.“On…
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U.S. CPI Cools, Wall Street Eyes Rebound After Tech-Led Sell-Off: Dow Jones, S&P 500 and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a slightly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. The futures had been pointing to continued weakness on Wall Street but regained ground following the release of the Labor Department’s highly anticipated report…