ADVFN US – Market Content Editor
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North American Morning Briefing: Key Inflation Gauges on Tap
Market Wraps Watch For: Personal Income and Outlays; Employment Cost Index; University of Michigan Final Consumer Survey for July; Canadian GDP; earnings from Chevron, Exxon Mobil, Procter & Gamble Today’s Headlines/Must Reads – Banks Are Halting Stock Buybacks Again as New Capital Rules Loom – China’s Housing Troubles Derail a Developer’s Comeback – Facebook Bowed…
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US Futures Up, European Stocks Mixed as Investors Digest Central Bank Decisions
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average increased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.3% in morning trading. Polymetal International rose 12.1% and ams-OSRAM added 12%. On the other…
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Top Company News of the Day: IAG, NatWest, Standard Chartered, Air France-KLM
IAG Profit Beats Forecasts, Sees Strong Outlook IAG reported a sharply-higher adjusted operating profit of EUR1.3 billion and said its outlook for summer was encouraging, with around 80% of its expected revenue already booked, while full-year capacity was seen around 97% of pre-Covid-19 levels. NatWest Second Quarter Tops Hopes But Trims Guidance NatWest posted an…
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U.S. Stocks Show Significant Downturn As Upbeat Data Raises Interest Rate Concerns
After showing a strong move to the upside early in the session, stocks showed a significant downturn over the course of the trading day on Thursday. The major averages pulled back well off their best levels of the day and into negative territory. The tech-heavy Nasdaq fell 77.17 points or 0.6 percent to 14,050.11 after…
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Crypto This Thursday: Bruce Lee into the Metaverse, Optimism trumps Arbitrum, and more
Bitcoin and Ether futures contracts on CME draw record participation from major traders In the second quarter, regulated bitcoin ( COIN:BTCUSD ) and ether ( COIN:ETHUSD ) futures on the Chicago Mercantile Exchange (CME) saw record participation from large traders. The average of large open interest holders for Bitcoin futures was 107, while for Ether it was 62. Institutional interest…
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New York Stocks Rise Supported By ‘Big Techs’
Wall Street’s main stock indexes rose on Wednesday, supported by ‘big techs’, who advance in the wake of the disclosure of balance sheets. Thus, the Nasdaq is the positive highlight of the trading session. One day after the Federal Reserve (Fed) raised interest rates as expected, the risk sentiment is also supported by the Gross…
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Upbeat Earnings, Economic News May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength after ending the previous session little changed. Early buying interest is likely to be generated in reaction to upbeat earnings news, with Facebook parent Meta Platforms (META) poised to lead an early…
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Thursday’s Wall Street Highlights: Salesforce, Mattel, Shell, Meta, McDonald’s, and more
US Index Futures rose on Wednesday morning, buoyed by quarterly results and awaiting Gross Domestic Product (GDP) data. European markets also operate high on Thursday, a day after the Federal Reserve raised interest rates in the United States and awaiting the decision of the European Central Bank (ECB). By 6:58 AM, Dow Jones (DOWI:DJI) futures were up…
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With Profit Of US$ 7.7 Billion, Meta Resumes Growth In The 2nd Quarter
Shares in Meta Platforms were up more than 8% before US markets opened, compared with revenue forecast to rise by as much as 20% this quarter. With a 16% increase in net profit and 11% in net revenue in the three months ended June 30, Meta Platforms (NASDAQ:META), owner of social networks Facebook, Instagram, Threads…
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North American Morning Briefing: Stock Futures Rise on Fed Hopes, Meta Boost
Market Wraps Watch For: Durable Good for June; Weekly Jobless Claims; Advance Estimate for GDP 2Q; earnings from AbbVie, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, McDonald’s, Mondelez, Royal Caribbean, T-Mobile Today’s Headlines/Must Reads – What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Rates – The Economy Has Defied Expectations.…