ADVFN US – Market Content Editor
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North American Morning Briefing: Focus Shifts to Jackson Hole Later This Week
Market Wraps Watch For: Canada New Housing Price Index; Earnings from Zoom Today’s Top Headlines/Must Reads: – Big Treasury Rout Lures Fresh Buyers – Why the Era of Historically Low Interest Rates Could Be Over – Banks Don’t Love Rich Mortgage Borrowers as Much as They Used To Opening Call: Stock futures moved higher early…
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US Futures Mixed, European Stocks Rise as Jackson Hole in Focus
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. DocMorris rose 6.6% and Corbion added 4.5%. On the other hand, Adyen…
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Top Company News of the Day: Meta, Chinese Developers, Sculptor Capital, Yellow
Meta’s Threads App to Launch Web Version as Rivalry With X Enters New Stage A web version of the new text-first app is one of the features users have asked for and could help it compete with X after a decline in usage. Chinese Developers’ Shares Fall After PBOC Holds Mortgage Rate Shares of many…
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U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Worries about slowing Chinese economy, hawkish minutes from the Federal Reserve’s most recent policy meeting, and higher bond yields had pushed the market down in the…
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Crypto This Friday: Mastercard Announces CBDC Partner Program, BTC Under 26K, and More
Bitcoin crash and liquidity impact Bitcoin (COIN:BTCUSD) opened near two-month lows at $26.016 after extreme sell-offs on Aug. The sharp selloffs appear to be an overreaction to SpaceX’s writedown of $373 million worth of BTC. Speculation also points out that a major player may have been liquidated at Deribit. Meanwhile, spot sales remain 50% below their 2023 peak.…
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Futures Pointing To Continued Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to extend the downward trend seen over the past few sessions. Concerns about the Chinese economy and the outlook for interest rates may continue to weigh on Wall Street despite a pullback by bond yields. Overall…
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Friday’s Wall Street Highlights: Applied Materials, Farfetch, Bloomin’ Brands, and More
US Index Futures are lower in premarket trading on Friday, weighed down by economic uncertainty, particularly in China, after major developer Evergrande filed for creditor protection in the U.S. By 6:45, Dow Jones futures (DOWI:DJI) were down 53 points, or 0.15%. S&P 500 futures were down 0.23% and Nasdaq-100 futures were down 0.43%. The 10-year Treasury yield…
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North American Morning Briefing: China Trouble Hits Sentiment
Market Wraps Watch For: Canada Industrial Product Prices for July; Earnings from Deere, Estée Lauder, Palo Alto Networks Today’s Top Headlines/Must Reads: – Investors Fear China’s ‘Lehman Moment’ Is Looming – Is China’s Data Manipulated, or Flawed? Maybe Both – China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring – Hawaii Fires Turn…
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US Futures Up, European Stocks Down
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. Samhaellsbyggnadsbolaget rose 3.3% and Scatec added 3.2%. On the other hand,…
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Top Company News of the Day: Evergrande, Starboard, Ross Stores, Applied Materials, Yellow
China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring The company clinched a restructuring deal with a group of its foreign bondholders this spring and is seeking court approval for a global deal. Outback Steakhouse Owner Draws Activist Investor Starboard has built a stake of more than 5% in Bloomin’ Brands, making it…