ADVFN US – Market Content Editor
-
Euro Could Weaken Against Dollar
The euro could weaken against the dollar near term as markets trim U.S. rate-cut expectations after Thursday’s inflation data, Societe Generale Researchsaid. U.S. money-market pricing of a March rate cut–which assigns a 68% probability–is premature, it said. “EUR/USD has already tested 1.10 twice [this year] without managing to break upwards,” SocGen said. “While we maintain…
-
Stock Futures Waver Ahead of Bank-Earnings Bonanza
Stock futures fluctuated on Friday as traders awaited quarterly earnings reports from some of the biggest banks. Oil prices jumped after a U.S.-led coalition launched more than a dozen strikes on Houthi rebel targets in Yemen following their attacks on ships in the Red Sea. MUFG said that prospects of escalating Middle East tensions after…
-
Wall Street Highlights: DocuSign Acquisition Battle, Tesla Berlin Production Halt, and More
In the pre-market on Friday, U.S. index futures are showing mixed behavior, reflecting investors’ caution. The focus is on the awaited Producer Price Index (PPI) report, marking the second major inflation report of the week. The anticipation surrounding the start of the fourth-quarter financial results season is also on the radar, as it offers crucial…
-
US Futures Mixed, European Stocks Climb
U.S. futures for the S&P 500 were down 0.1% 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 gained 0.9% in morning trading. Viaplay Group Series B rose 5.6% and Ambu Series B rose 5%. On…
-
Top Company News of the Day: Apple, Burberry, Gucci, Huang
Apple Directors Al Gore, James Bell to Retire The former U.S. vice president had been a board member since 2003. Burberry Cuts Guidance on Slowing Luxury Demand Burberry cut its fiscal 2024 guidance after luxury demand slowed further during December’s key trading period. The Onetime Auditor Brought In to Reinvent Gucci The new CEO is…
-
U.S. Stocks Close Roughly Flat Following Closely Watched Inflation Data
After turning lower over the course of morning trading on Thursday, stocks staged a notable recovery attempt in the latter part of the session. The major averages climbed well off their worst levels of the day, eventually closing roughly flat. The Dow fell as much as 270 points but rebounded to end the day up…
-
Crypto: Bitcoin Spot ETFs Debut Strongly, Circle Prepares for IPO, and More
GBTC, IBIT, and FBTC have a strong debut After years of anticipation, the Bitcoin ETFs were finally approved in the USA and started trading on Thursday. BitMex Research ranked the 11 newly launched funds by trading volume on the first day, with the ETFs from Grayscale (AMEX:GBTC), BlackRock (NASDAQ:IBIT), and Fidelity (AMEX:FBTC) leading in volume.…
-
Consumer Prices Increased More Than Expected
A highly anticipated report released by the Labor Department on Thursday showed consumer prices in the U.S. increased by slightly more than expected in the month of December. The Labor Department said its consumer price index climbed by 0.3 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices…
-
Futures Fluctuating Following Consumer Price Inflation Data
The major U.S. index futures have fluctuated before the start of trading on Thursday as traders digest highly anticipated U.S. consumer price inflation data. The Labor Department said its consumer price index climbed by 0.3 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to rise by 0.2…
-
Metals Prices Higher
Metal prices were trading higher with Peak Trading Research saying a weaker U.S. inflation print would point to a dovish Fed, lower interest rates and a weaker dollar. Nickel is stuck in a supply glut that will take some time to clear, BMI said, as it downgraded its forecast for 2024 to $20,000/metric ton from…