US Editors

Author: Bruno T

  • Oil Market Pauses Due To Caution And Uncertainty About The Impact Of The Turmoil In Israel

    Oil Market Pauses Due To Caution And Uncertainty About The Impact Of The Turmoil In Israel

    Investors pressed the pause button on the oil market recovery to assess the impact of the conflict in the Middle East. After a rise of more than 4% in prices due to fears that the conflict could spread beyond Gaza, the reference indices fell moderately due to the lack of estimates on the situation of…

  • PepsiCo Boosts Profit Outlook Again as Price Increases Fail to Impact Demand

    PepsiCo Boosts Profit Outlook Again as Price Increases Fail to Impact Demand

    PepsiCo Inc (NASDAQ:PEP) raised its annual profit forecast for the third time this year on Tuesday, relying on the numerous price hikes it implemented across its major markets and the resilient demand for its snacks and beverages. Shares of the company, which owns brands like Mirinda and Gatorade, climbed more than 2% in premarket trading…

  • Keep An Eye Out: Pre-Market Movers And Recommendations

    Keep An Eye Out: Pre-Market Movers And Recommendations

    Don’t Trade Without Seeing The Orderbook ANALYST RECOMMENDATIONS: Alnylam Pharmaceuticals (NASDAQ:ALNY): Bernstein maintains its outperform recommendation and reduces the target price from $237 to $218. Aon (NYSE:AON): Evercore ISI maintains its in-line recommendation with a price target raised from $322 to $323. Chubb (NYSE:CB): Evercore ISI maintains its outperform rating and raises the target price from $239…

  • Payroll: USA Creates 336 Thousand Jobs in September; Unemployment Stands at 3.8%

    Payroll: USA Creates 336 Thousand Jobs in September; Unemployment Stands at 3.8%

    The Bureau of Labor Statistics released this Friday (6) the jobs report, the payroll, and showed the creation of 336 thousand non-agricultural jobs in September, above market estimates, which were around 170 thousand. Furthermore, the unemployment rate was 3.8%, above the investor consensus of stability at 3.7% in the period. In September, the average hourly…

  • Investors Expect Lower Job Creation In The US, and Treasuries Should Reflect The Result

    Investors Expect Lower Job Creation In The US, and Treasuries Should Reflect The Result

    Investors expect job creation in the United States to slow down again in September, in a key announcement for the Federal Reserve since markets began to fear that American interest rates will remain high for longer, given of persistently high inflation in the local economy. Labor market data will be released tomorrow at 8:30 EST…

  • Market Reaction: Dollar, stocks slip amid still tight U.S. Labor Market:

    Market Reaction: Dollar, stocks slip amid still tight U.S. Labor Market:

    The dollar saw a slight decline, and global equities faced some pressure on Thursday as investors grappled with U.S. unemployment benefits data that indicated a labor market that still had some tightening to do, coupled with the Federal Reserve’s commitment to maintaining higher interest rates for an extended period. European stocks managed to recover after…

  • Keep An Eye Out: Pre-Market Movers And Recommendations

    Keep An Eye Out: Pre-Market Movers And Recommendations

    ANALYST RECOMMENDATIONS: Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125. Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93. Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74. Centerpoint: KeyBanc Capital Markets upgrades…

  • U.S. Trade Deficit Shrinks to Three-Year Low in August, Boosting Economic Outlook

    U.S. Trade Deficit Shrinks to Three-Year Low in August, Boosting Economic Outlook

    In August, the United States saw its trade deficit shrink to its lowest level in nearly three years, surpassing expectations and potentially bolstering economic growth in the third quarter. According to the Commerce Department, the trade deficit contracted by 9.9% to $58.3 billion, marking the lowest figure since September 2020. July’s data was also revised,…

  • US Initial Jobless Claims Increase Less Than Expected

    US Initial Jobless Claims Increase Less Than Expected

    In the week ending September 30, initial jobless claims in the United States increased to 207,000, up slightly from the revised upward figure of 205,000 reported in the previous week. This was slightly below the analyst consensus, which had anticipated a larger rise to 210,000 as of 7:15 am ET. However, there was a more…

  • US Private Employment Disappoints

    US Private Employment Disappoints

    Private businesses in the US hired 89K workers in September 2023, the least since January 2021 when private employers shed jobs, and well below market forecasts of 153K. It follows a revised 180K increase in August, compared to an initial 177K. The services sector added 81K jobs, namely financial activities (17K) and education and health…