ADVFN US – Market Content Editor
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US Futures, European Stocks Fall
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Quilter rose 8.3% and Banco BPM climbed 2.4%. On the other…
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Top Company News of the Day: SoftBank, Glencore, Bacardi, Anheuser-Busch
SoftBank Posts Another Loss Despite Technology-Share Rebound Return to profit for Vision Fund can’t stem red ink for the investment company. Glencore Profit Falls on Commodity-Price Decline Glencore reported a 50% drop in first half adjusted earnings to $9.4 billion, reflecting the normalization of energy market imbalances, and the decline of commodity prices. Bacardi’s Russia…
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U.S. Stocks Rebound After Recent Losses, Close On Firm Note
U.S. stocks closed on a firm note on Monday, recovering well after recent sharp losses, as investors looked ahead to more earnings updates and data on U.S. consumer and producer price inflation, due later in the week. The major averages all closed higher. The Dow settled at 35,473.13, gaining 407.51 points or 1.16 percent, the…
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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…
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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…
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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…
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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…
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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…
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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…
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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…