ADVFN US – Market Content Editor
-
Crypto This Monday: PayPal Launches Stablecoin, Huobi Faces Significant Net Outflows, and More
PayPal launches dollar-backed stablecoin PayPal (NASDAQ:PYPL) has launched its dollar-backed stablecoin, PayPal USD (PYUSD), marking a significant shift towards digital currencies. PYUSD is fully backed by US Dollars and US Treasuries, with one-to-one redemption for US Dollars. The stablecoin will be available to US customers and could become the native token for PayPal’s cryptocurrency service. Issued on the…
-
Futures Pointing To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move back to the upside following the notable weakness seen last week. Stocks saw substantial volatility during trading on Friday, as traders digested the Labor Department’s closely watched monthly jobs report. The major averages…
-
Monday’s Wall Street Highlights: Berkshire Hathaway, Tesla, BP, Yellow, UBS and more
US index futures rose in premarket trading on Monday, as investors looked ahead to earnings and the inflation index later in the week. European markets, on the other hand, are operating in decline impacted by weak industrial data in Germany. By 6:57 AM, Dow Jones (DOWI:DJI) futures were up 45 points, or 0.13%. S&P 500 futures were up…
-
North American Morning Briefing: Investors Await Key Inflation Data This Week
Market Wraps Watch For: Federal Reserve Governor Michelle Bowman and FRB Atlanta President Raphael Bostic speak at Fed Listens event; financial markets in Canada closed Today’s Top Headlines/Must Reads: – Buckle Up for Another Round of Inflation Data – A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due – Stocks for the Short…
-
US Futures Rise, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Scout24 climbed 8.9% and CTS Eventim rose 7%. On the other…
-
Top Company News of the Day: Siemens Energy, Hua Hong Semiconductor, Pratt & Whitney, Pfizer
Siemens Energy Lowers Full-Year Guidance Siemens Energy now expects a net loss of EUR4.5 billion, while profit margin before special items is seen between minus 10% and minus 8% for 2023, due to mounting challenges at Siemens Gamesa that will cost EUR2.2 billion. Hua Hong Semiconductor Rises in Shanghai Debut Hua Hong Semiconductor’s shares rose…
-
Week Ahead: Inflation In The United States And China Are The Highlights Of The Week
The forthcoming week will have global financial markets keenly observing the US inflation report slated for release on Thursday, as well as the ongoing earnings season. Market participants in the US will be watching producer prices and the Michigan Consumer Sentiment in addition to notable updates from China regarding its inflation and trade data, GDP…
-
U.S. Finish Volatile Session In The Red After Jobs Report
Stocks saw substantial volatility during trading on Friday, as traders digested the Labor Department’s closely watched monthly jobs report. The major averages spent the day showing wild swings back and forth across the unchanged line. The major averages eventually finished the day in negative territory. The Dow fell 150.27 points or 0.4 percent to 35,065.62,…
-
Crypto This Friday: 12 ETH ETF requests in the week, Revolut suspends crypto services, and more
Bitcoin rises 0.25% amid mixed unemployment data: traders await CPI On Aug 4, Bitcoin (COIN:BTCUSD) surged after mixed US unemployment data weakened the US Dollar. BTC/USD reached daily highs of $29,273. While US stocks and Bitcoin made modest gains, the US dollar was down 0.6% to 101.8 on the DXY index. Trader Michaël van de Poppe believes that…
-
U.S. Stocks May Lack Direction Early On As Traders Digest Jobs Report
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to extend the lackluster performance in the previous session in early trading. The futures have fluctuated following the release of a closely watched Labor Department report showing employment in the U.S. increased by less than…