Author: iHub News
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US Futures Flat, European Stocks Gain
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Samhaellsbyggnadsbolaget added 4.3% and Auto1 Group rose 2.8%. On the other hand, Assura dropped…
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Top Company News of the Day: Cevian, UBS, Google, SQM, Azure
Cevian Buys 1.3% of UBS Cevian has taken a stake in UBS worth $1.3 billion, saying it sees significant value potential in the bank after its takeover of Credit Suisse. Why UBS Wants to Be the No. 6 Investment Bank in the U.S. (Yes, No. 6) Swiss financial giant UBS is making a new push…
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U.S. Stocks Move Mostly Higher, Extending Last Week’s Rally
Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains last week. The Nasdaq and the S&P 500 climbed firmly into positive territory, although the narrower Dow ended the day little changed. While the Dow inched up 0.86 points or less than a tenth of a percent…
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Homebuilder Confidence Report Due
The National Association of Home Builders is scheduled to release its report on homebuilder confidence in the month of December at 10 am ET. The housing market index is expected to rise to 37 in December after slumping to 34 in November.
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U.S. Stocks May Continue To Benefit From Recent Upward Momentum
The major U.S. index futures are currently pointing to a moderately higher open on Monday, with stocks likely to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which has propelled the Dow to new record highs. The Nasdaq and the S&P 500 have also reached…
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Copper Down, Aluminum and Gold Up
Copper prices were lower as uncertainties about the Fed’s interest rate path persisted, with some top officials trying to temper speculation and adopt a more cautious tone. Meanwhile, aluminum and gold made modest gains, with bullion having staged a strong rally this month.
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Oil Prices Up
Oil prices rose, supported by escalating tensions in the Middle East due to recent attacks on ships crossing the Red Sea. Shipping and logistics majors A.P. Moller-Maersk and Hapag-Lloyd stopped their ships from entering the southern entrance of the Red Sea after recent attacks on commercial ships by Houthi forces. Meanwhile, Russia said it would…
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Bond Rally Appears Mature
Commerzbank Research said the bond rally appears mature but the German Ifo business sentiment index and U.S. PCE data still look supportive. “The market is taking more comfort from the disappointing euro area PMIs in its view of ongoing disinflation and full-blown Fed and ECB rate cut cycles next year.”
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Dollar Could Weaken Further
The dollar could continue to weaken into year-end after the Fed signaled last week that it was starting to consider cutting interest rates next year, although this period of weakness won’t last long, MUFG said. With the ECB and the Bank of England remaining reluctant to talk about cutting rates, there is a “window for…
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Stock Futures Edge Up to Start the Week
Stock futures rose on Monday but gains were limited by comments from Federal Reserve officials that tempered enthusiasm over just how soon interest rates might be lowered. “The surge in risk appetite, fueled by the Fed’s recent stance, has paused as [S&P 500] bulls are likely catching their breath at the open,” SPI Asset Management…