The past week has been a whirlwind forApple Inc. (NASDAQ:AAPL), with a mix of highs and lows. From concerns over iPhone 16 demand ...
The stock market is sending a clear bullish signal, with titans Meta, Apple and Tesla among dozens of buys.
Benioff is still in it to win it at Salesforce.
Learn which AI stocks are buyback stars.
The past week has been a whirlwind of news in the tech world, with artificial intelligence (AI) taking the spotlight. From predictions ...
Here's a look at Microsoft stock as the company goes all-in on artificial intelligence.
Here's what investors can expect in the week ahead.
Can the advertising and cloud giant catch up to the iPhone maker again?
Key Insights Institutions' substantial holdings in Microsoft implies that they have significant influence over the...
Will Microsoft's $60 billion buyback help boost the stock price?
These tech leaders are smart buys ahead of key catalysts.
This stock could better connect with consumers amid a coming smartphone upgrade cycle.
Microsoft needs a lot of electricity to power its data centers.
This software company is joining the S&P 500 index, a testament to its impressive growth.
From Apple’s new Passwords app to new ways to use Face ID and share contacts (or not), iOS 18 offers several new iPhone protections.
Shopify could land on the elite list of companies worth at least $1 trillion by 2040.
We recently published a list of 10 Best Innovative Stocks that Pay Dividends. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other best innovative stocks that pay dividends. Innovation plays a crucial role in today’s market. With the significant attention tech stocks have gained over […]
We recently published a list of 10 Best Innovative Stocks that Pay Dividends. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other best innovative stocks that pay dividends. Innovation plays a crucial role in today’s market. With the significant attention tech stocks have gained over […]
Gen Z leader operates in the confines of a platforms - with all the same drive and passion of Bezos and Jobs, but is skewed toward metrics versus meaning.
We recently compiled a list of the 20 Trending AI Stocks on Latest News and Analyst Ratings. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other trending AI stocks. The latest trends in AI stocks reflect optimism about the future of AI technology, with companies like […]
We recently compiled a list of the 10 Buzzing AI Stocks According to Goldman Sachs. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the other buzzing AI stocks. The Goldman Sachs Communacopia + Technology Conference 2024, held earlier this month, brought several significant updates on the technology […]
Recent developments suggest that Amazon.com, Inc. (NASDAQ:AMZN) may be ramping up its interest in nuclear energy to fuel its growing ...
The iPhone 16 went on sale Friday, the latest generation of Apple (AAPL) devices already flying over shelves and into consumer hands this morning. BofA Securities Senior IT Hardware Analyst Wamsi Mohan joins the Morning Brief to talk about Apple's lead times as it hopes to push a product upgrade cycle with the new iPhone, despite it coming out without the key AI features it showcased earlier this month. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Raising capital theoretically just got easier. That's not always a good thing.
Nvidia won't be the leader in AI forever.
» Amazon ditches remote work, Apple's new iPhone struggles, Elon Musk vs. the FAA: Tech news roundup
The first billionaire to conduct a private spacewalk said it wasn’t a particularly “peaceful” experience and compared his journey to explorers trying to cross the Atlantic Ocean.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top ...
It's not too late for investors to take advantage of either enhanced payout.
Dividend growth has historically been a key contributor to a stock's outperformance.
We recently compiled a list of the 12 Best Large Cap Stocks To Buy Now. In this article, we will look at where Qualcomm Inc. (NASDAQ:QCOM) ranks among the best large cap stocks to buy now. Is the Next Bull Cycle Picking Up? Analysts’ anticipation about the Fed initiating three rate cuts of 25 basis […]
Apple investors recently pressed the panic button, but they should not miss the long-term opportunity the company sits on.
It's been a terrific investment over the past decade, and its strong growth drivers help it sustain momentum.
Artificial intelligence is transforming these two tech giants into better businesses as well as generating AI-related revenue.
Many billionaires are shifting some of their AI investments toward Super Micro Computer and Microsoft.
The AI giant just hiked its payout and approved a share buyback program.
Data centers play an important role in artificial intelligence (AI) behind the scenes.
Chancellor Rachel Reeves could also consider changes to fuel duties and inheritance tax, according to the think tank.
NVIDIA Corporation has crushed bubble fears and has seen a meteoric rise in the past few years amid the advent of artificial intelligence (AI). So, is this the most opportune moment to place bets on the stock? Let’s take a closer look.
Stocks are at record highs (no landing at all); home prices are at record highs (and rising fast); and US macro data has dramatically surprised to the upside since the last FOMC meeting...
(Bloomberg) -- A senior Google executive sought to refute the US Justice Department’s antitrust case over its display advertising technology business, testifying that it faces “fierce competition” from the likes of Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportCalifornia’s
Julie Hyman catches up with Galaxy Digital (GLXY.TO) CEO and founder Michael Novogratz at the Future Proof Festival in Huntington Beach, California, to discuss crypto exchange-traded funds (ETFs) options and the impacts of the upcoming presidential election on the crypto market. State Street and Galaxy Digital recently introduced three crypto ETFs: the SPDR Galaxy Digital Asset Ecosystem (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem (HECO), and SPDR Galaxy Transformative Tech Accelerators (TEKX). Novogratz says the ETFs are “off to a great performance in one week... Up until now, crypto has been just a long play, and now with as many equities as there are around the space, you're able to go long and short in these ETFs, use options to hedge, and not short in the ETFs, but long or short your index use options to hedge, and so it really is an alpha product.” The CEO expects the ETFs are “going to bring a lot of new participants into the into the market.” Ahead of the presidential election, Novogratz tells Yahoo Finance he expects bitcoin (BTC-USD) to go up in the long term, regardless of who is in the White House. “If you step back, Bitcoin is going higher because neither party wants to deal with the deficit, and I don't know who's going to be worse” for the deficit. The CEO says the biggest risk to bitcoin is an administration that tackles the national deficit. “If we have an administration that takes debt to GDP (Gross Domestic Product) from 130% back to 80%, or at least heading in that direction, that says we need to raise taxes and cut spending, that we need to make our people more efficient… If you have that miracle… bitcoin would go down, not up.” “Bitcoin goes up in the US and around the world because governments can't keep their pants on. They just can't stop spending money, and that's almost endemic to what governments do,” he adds. Novogratz outlines his view that government spending sends hard assets like gold (GC=F) higher: “I do think bitcoin is such a better version of gold than gold, and it's a generation of young people live in a digital world. They live on screens 15 hours a day, some kids are on screens and so it's a better version of gold.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.
Triple-witching - the September event is coming hot on the heels of our 50bp rate cut. Trillions in notional value in derivatives expired today.
Fed Day was the highlight of the week, but Apple deserves an honorable mention. Friday was Apple’s annual holiday, with new iPhone 16 models arriving in stores. The skilled folks on the Dow Jones Market Data team have tracked Apple’s stock around every iPhone release.
Apple (AAPL) closed the most recent trading day at $228.30, moving -0.25% from the previous trading session.
Although the S&P 500 finished in the red on the day, there is one sector reaching fresh 52-week highs: Utilities.
Mike Webster and Alissa Coram walk through this week's technical action and stocks to watch in the Friday extended version of Stock Market Today.
The stock market is sending a clear bullish signal, with Magnificent 7 stocks Meta, Apple and Tesla among dozens of buys.
Apple’s (AAPL) newest iPhone lineup is now in stores. However, the release of the iPhone 16 comes without the tech giant’s AI features — dubbed Apple Intelligence — which is slated for an October rollout. “We're very much in the early days of AI, a lot of questions by consumers around the benefits” says TECHnalysis Research President and Chief Analyst Bob O'Donnell. O'Donnell tells Yahoo Finance that there are some “fundamental challenges” right now in Apple's push for a device upgrade cycle, affirming that he is still a big believer in AI in the long run. As for the smartphone business overall? O'Donnell says it has stalled as consumers wait longer to upgrade their smartphones: "The hope was that these AI features from Apple would be that trigger for change, but it doesn't look like that's going to happen for a while." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Ivana Freitas.
In its September meeting, the Federal Reserve cut interest rates by 50 basis points, lowering the target range to 4.75%-5%. This bold ...
» Here are the hottest product announcements from Apple, Google, Microsoft and others so far in 2024
If you love gadgets and gizmos, this year’s product conferences have been right up your alley. We’ve poked through the many product announcements made so far this year by the biggest tech companies and trade shows to create a list of what we think are the most important, or the most interesting, reveals. So far this list covers Apple WWDC, Apple Let Loose, Google I/O, Microsoft Build, Mobile World Congress and CES. Please check back as we'll continue to update what's below. 'It’s Glowtime,' or t
Apple's iPhone 16 is out, but the company hasn't made its iOS 18 Apple Intelligence features available to all consumers just yet. In July, Apple rolled out these features to users on the iOS 18 developer beta and added the AI features for public beta users earlier this week. However, if you are not using these experimental versions of the software, then you'll have to wait a bit to get Apple Intelligence features. Below is a timeline of when these features are expected to arrive. Writing tools T
Apple released the public beta versions of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 yesterday, making its Apple Intelligence platform available to users enrolled in the beta program.
Microsoft Corp. (NASDA: MSFT) announced the end of its Xbox Ambassadors program. Starting today, the program will begin winding down, ...
On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market open and discuss some of the biggest stories of the trading week. US stocks (^DJI, ^IXIC, ^GSPC) opened in negative territory, just one morning after the market rallied on the Federal Reserve's interest rate cut cycle and the S&P 500 and Dow Jones Industrial Average notched new record highs. John Hancock investment management co-chief investment strategist Emily Roland explains, “It's six straight days of gains leading markets higher [and] riskier assets are really celebrating this idea that the Fed can stave off a hard landing, prevent a contraction from happening, do it proactively before we see more weakness here in the labor market." As mega-cap tech stocks gain and September's interest rate cut sent markets higher, Raymond James Investment Management chief market strategist Matt Orton still likes the Big Tech sector: “There's plenty of reasons that clients still want to own the mega-cap technology names. Especially the high-quality ones that are generating $50 [billion], $60 [billion], $70 billion of free cash flow per year. But what I've been encouraging clients really for the past three months or so is that we have an opportunity to build better balance in our portfolios.” Shares of Nike (NKE) are rallying after the company announced that CEO John Donahoe will be stepping down next month after a rocky five years at the company. Nike veteran Elliott Hill will come out of retirement to fill the role of CEO and president effective October 14. Barclays consumer discretionary analyst Adrienne Yih believes that Hill will prioritize relationships with wholesale retail partners as he steps into the role: "It's the base for kind of the brand strength going forward. And even though it's margin dilutive, when you're a $50 billion global footprint brand, you need both channels to be working in your favor." She argues that Hill is the right person for the job, explaining that he's well-liked at the company, and before his retirement, his positions at Nike focused on the global marketplace. Apple's (AAPL) iPhone 16 lineup is here and consumers are already coming in droves to get their hands on the new device. Yahoo Finance anchor Josh Lipton reports live from the Fifth Avenue Apple Store in New York City where the new iPhones are already being sold, an occasion marked by CEO Tim Cook opening the doors to customers. Investors can brace for more volatility in Friday's trading session as more than $5 trillion in options are set to expire. The event, known on Wall Street as "Triple Witching," sees contracts tied to individual stocks, indexes and exchange-traded funds expire. Yahoo Finance's Madison Mills joins Morning Brief to break down this trading phenomenon. This post was written by Melanie Riehl
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the third quarter of 2024 showed their returns diverging and the whole group came under selling in recent weeks before rebounding.
Apple Inc (NASDAQ:AAPL) investors are bracing for a significant shake-up as the quarterly rebalancing of market index funds coincides ...
This week has been a bit down in general and in regards to the technology sector, particularly companies focused on artificial ...
September's counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track ...
There are four key things to watch for on triple witch days.The first two apply to monthly expirations as well; the latter two apply only to quarterlies.
JP Morgan Chase & Co. (NYSE:JPM) shares are trading higher on Friday. The bank reportedly started internal testing of a new credit ...
Analysts project 40% EPS growth for the Facebook-parent.
A famous nuclear power plant is coming back online.
In a groundbreaking move, Constellation Energy has signed an exclusive deal with Microsoft to restart Unit 1 of the Three Mile Island nuclear plant.
Cameco Corporation (NASDAQ:CCJ) stock, among other uranium related stocks, are moving higher in possible sympathy with Constellation ...
The Dow Jones, S&P 500 and Nasdaq were all down on the stock market today. FedEx tumbled after its earnings report while Nike soared.
Investors are showing strong confidence in Sam Altman-led OpenAI as the company seeks to raise $5 billion or more in its latest funding ...
To gain an edge, this is what you need to know today. Nuclear Power Revival Please click here for an enlarged chart of ...
The stock market ultimately jumped on a big Fed rate cut, with the S&P 500 and Dow Jones hitting record highs. Apple and Intel were key movers.
Consumers finally got their hands on Apple's iPhone 16 smartphones on Friday as the new handsets officially went on sale.
Apple Inc (NASDAQ:AAPL) is one of the stocks that could be volatile Friday with S&P 500 and several market indexes rebalancing along ...
Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher after the company announced it signed a 20-year power purchase ...
Both big tech players are benefiting from AI's rise.
Constellation Energy announced a deal with Microsoft Friday to provide nuclear power to the tech giant for 20-years.
However, the mixed reactions in extended trading—FedEx’s 11% tumble after lowering its earnings forecast, contrasted with Nike’s 7.6% gain on leadership news.
iPhone 16 preorders aren't living up to the hype.
Salesforce CEO Marc Benioff has criticized Microsoft Corporation’s (NASDAQ:MSFT) Copilot by comparing it to the infamous ...
The bitcoin faithful see the election as a win-win for crypto no matter the outcome in November.
Ahead of the highly anticipated launch, Huawei Technologies‘ new $2,800 tri-fold smartphone, the Mate XT, has hit the market, but ...
It is unclear if all these wallets belong to the same person or entity.
US stocks fell after the Dow Jones closed above the 42,000 level for the first time on Thursday.
Sales rose fastest at textile, clothing and footwear stores.
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.
Check the best savings accounts to find a top-rated deal that works for you.
South Korean gaming giant Krafton's recent acquisition of Microsoft Corp.’s (NASDAQ:MSFT) Tango Gameworks, known for titles like ...
The Dow Jones and S&P 500 hit new highs and the Nasdaq topped key levels as growth led the day 2 reaction to Fed rate cuts.
A Relative Strength Rating upgrade for Apple shows improving technical performance. Will it continue?
Donald Trump is the face of a new cryptocurrency business. Its key employees have a past littered with lawsuits and debts.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Meta Platforms Inc (META), where a total of 391,481 contracts have traded so far, representing approximately 39.1 million underlying shares. That amounts to about 368.2% of META's average daily trading volume over the past month of 10.6 million shares..
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Microsoft Corporation (MSFT), where a total of 169,291 contracts have traded so far, representing approximately 16.9 million underlying shares. That amounts to about 98.1% of MSFT's average daily trading volume over the past month of 17.3 million shares..
Apple Inc’s (NASDAQ:AAPL) iPhone and iPad operating systems have drawn European regulatory attention. On Thursday, the European ...
Rezolve AI Limited (NASDAQ:RZLV) shares are trading higher on Thursday after the company commended Microsoft Corporation (NASDAQ:MSFT) ...
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though most held policy steady: + The **Bank of England** held rates at 5%, as expected. Like the European Central Bank and some others, it started easing ahead of the Fed, cutting in August for the first time in four years. + The **South African Reserve Bank** became the first central bank to cut in the Fed's wake.
Bulls are stampeding across Wall Street on Thursday in the wake of the Federal Reserve’s decision to cut interest rates for the ...
An Apple Inc (NASDAQ:AAPL) analyst says the company could turn to advertising revenue and other areas of growth as concerns mount over ...
Wednesday, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) promoted Rose Castanares, executive vice president of the Arizona unit, as ...
Apple stock rose after the chief executive of wireless carrier T-Mobile US offered positive comments about early demand for iPhone 16 handsets.
Bitcoin (BTC-USD) is rallying off of the Federal Reserve's landmark interest rate cut, rising over $3,000 since the central bank's announcement yesterday. Crypto stocks like Riot Platforms (RIOT), MicroStrategy (MSTR), exchange platform Coinbase (COIN), and bitcoin miner Marathon Digital (MARA) are climbing higher Thursday morning. Morning Brief hosts Seana Smith and Brad Smith weigh in on what the rate-cutting environment means for the crypto space, referencing Standard Chartered head of crypto research Geoff Kendrick's forecast that sees bitcoin skyrocketing to $200,000 by the end of 2025 regardless of who wins this year's presidential election. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
After closing Wednesday lower, US stocks have woken up to the reality of the Federal Reserve's 50-basis-point cut and are off to the races. The Dow Jones Industrial (^DJI) is rising by over 1%, while the S&P 500 (^GSPC) sees gains of 1.5% and the Nasdaq Composite (^IXIC) blasts off by 2.3%. Seana Smith and Brad Smith highlight Thursday morning's market momentum, namely in the tech-heavy Nasdaq and semiconductor sectors, the bond market (^TYX, ^TNX, ^FVX), and bitcoin's (BTC-USD) price action. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Sterling rose by almost a cent to $1.331 on the back of the news, its highest level since March 2022, before retreating slightly.
Overseas stocks rallied and currencies strengthened against the dollar after the Federal Reserve kicked off its rate-cutting campaign with a large reduction. Fed policy has big implications for overseas economies.
Semiconductor stocks especially the ones linked to artificial intelligence technology led by Nvidia Corp (NASDAQ:NVDA), Broadcom Inc ...
Oracle Corp's (NYSE:ORCL) CloudWorld in Las Vegas had no shortage of artificial intelligence (AI) buzz, but investors hoping for a quick ...
Dow Jones futures jumped 500 points Thursday after the big Fed rate cut Wednesday. Nvidia and Tesla rallied to key levels.
Apple, Inc. (NASDAQ:AAPL) shares came under pressure following commentary about demand immediately after pre-orders began but a bullish ...
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Top funds devour shares of Netflix stock as the streamer teases a breakout after already rising 337%. Consider this word of caution.
All things held equal, what makes an S&P 500 dividend stock more attractive? Lower interest rates.
The pound was at its highest level in two-and-a-half years after the Bank of England left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve. Sterling had already gotten a boost earlier in the session, following the Fed's rate cut on Wednesday.
The Bank of England kept interest rates at 5% in its September meeting, in a widely-anticipated decision.
Citizens JMP director of financial technology research Devin Ryan joins Market Domination to discuss his top crypto and fintech plays and the sectors' outlook as the election looms ahead. Ryan points to Robinhood (HOOD) as a buying opportunity despite it trading at 11 times its 2025 EBITDA (earnings before interest, taxes, depreciation, and amortization) estimate. "You can make an argument that there's still a long way to go," Ryan says, pointing to the fact that, he says, the company has grown its revenues by 40% this year and made more money in the first half of 2024 than they did in all of 2023 all while keeping expenses low. He also sees Goldman Sachs (GS) as a good opportunity, noting that it is a "pure play on a capital markets recovery." He explains, "We've been in this incredibly depressed capital markets environment the last two and a half years... So if you think we're going to recover there, which lower interest rates, more risk-on, and just purely time going by, Goldman is going to be more levered to that." However, he notes that Morgan Stanley (MS) is in a weaker position despite it being a "stable" company. Ryan argues "wealth management has benefited from higher interest rates. As rates come down, you get a little bit of a headwind from interest rates. So what's been a benefit becomes a little bit of a headwind. And so they're less of a pure play on that capital markets story." As the presidential election lies less than two months away, Ryan explains that the Trump campaign is running on less regulation than the Harris campaign, making it a "friendlier administration for fintech, for crypto." He adds, "The voting bloc is becoming much more pro-crypto, there's more people that have exposure to crypto in the United States." Thus, single-issue voters are going to be very important in this upcoming election. He believes that because of this the Harris administration will likely roll out "more constructive" policy than the Biden administration has over the last four years. "That doesn't necessarily mean everything's going to be great, that the industry wants. But I think we're moving the pendulum more toward the middle," he concludes. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
Ether has bounced off its 200-week simple moving average, reinforcing long-term support.
An upgrade "supercycle" may not be coming after all.
This two-step strategy could set investors up with a large sum of passive income in retirement.
Amid the Federal Reserve’s recent decision to cut interest rates, CNBC’s Jim Cramer has weighed in on how these changes ...
Ahead of the official release of Apple Inc.'s (NASDAQ:AAPL) iPhone 16, T-Mobile US Inc. (NASDAQ:TMUS) CEO Mike Sievert has shared ...
Microsoft Corporation’s (NASDAQ:MSTF) LinkedIn, the professional networking giant, has come under scrutiny for reportedly using ...
Microsoft Corporation’s (NASDAQ:MSFT) vice chair and president, Brad Smith, has raised concerns about potential foreign ...
A well-known Apple Inc (NASDAQ:AAPL) analyst and iPhone sales forecaster is predicting weak demand of the iPhone 16 with a new hint that ...
Apple Inc. (NASDAQ:AAPL) shares are moving higher Wednesday. Here’s what you need to know. What To Know: In significant ...
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock lost 4% in the last 30 days. Last month saw volatility as Nvidia Corp ...
The stock market closed lower after the S&P 500 initially jumped to a record high on a big Fed rate cut. Here's what to do.
Apple Inc. (NASDAQ:AAPL) is doubling down on its “China+1” strategy, and the tech giant’s supply chain shake-up is ...
Microsoft investors received a double dose of positive news on Tuesday morning, as the technology giant disclosed both a dividend increase and a new share repurchase program.
Amazon.com, Inc. (NASDAQ:AMZN) has raised the pay for hourly workers at its U.S. fulfillment centers and transportation operations, the ...
To gain an edge, this is what you need to know today. Fed Credibility At Stake Please click here for an enlarged chart of ...
In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.1%. Year to date, Apple registers a 13.8% gain.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is manufacturing Apple Inc’s (NASDAQ:AAPL) A16 SoC at Phase 1 of the Taiwanese ...
Are you tracking the EURUSD pair?
The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The Wall Street Journal reported Thursday that the Federal Reserve was still considering whether to cut its benchmark rate by a standard 0.25 percentage point, or 0.5 percentage point on Wednesday. Traders sold the dollar upon learning that the option of a larger cut was still on the table, said Katsutoshi Inadome, a strategist at SuMi Trust.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
The ECB’s 12 September meeting could be a turning point as Eurozone data sends mixed signals. With rising stagflation risks and wage growth pressures, the central bank faces a complex decision: should they cut rates to support growth or maintain their focus on battling inflation? Traders should be on high
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.
Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Forestry&Paper, Pharmaceutical Industry and Utilities sectors led shares lower.
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
Investing.com -- Investors should buy protection now as the volatility seen in August is likely to return amid a closely contested U.S. election race, according to a report released Tuesday by BCA Research.
The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve's July policy meeting and Chair Jerome Powell's upcoming speech at Jackson Hole later this week. The minutes, due on Wednesday, and Powell's speech on Friday are likely to be the main drivers of currency movement for the week, and traders expect a dovish tone to emerge. “The signs are subtle, but bearish dollar momentum is starting to build,” said analysts at ING, in a note.
The U.S. dollar edged higher Thursday, but remained close to seven-month lows after the release of benign inflation data, while sterling rose after solid growth data. The figures added to cooler-than-expected producer prices earlier in the week, and suggest inflation is on a downward trend which would provide the Federal Reserve with headroom to start cutting interest rates. The next data point is U.S. retail sales later in the session, and will garner significant attention as consumption accounts for about two-thirds of U.S. economic growth.
The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation data. The U.S. currency retreated Tuesday after the July producer price index came in softer than expected for July, resulting in traders shifting bets slightly towards a 50 basis point cut in September. The PPI reading ramped up hopes that a consumer price index inflation reading, which is due later on Wednesday, is also expected to show inflation remained benign in July, providing the Federal Reserve with more headroom to begin trimming rates.
BCA Research is urging investors to be cautious about the recent rebound in European equities and German bond yields, warning that the effects of the yen carry trade blowup are far from over.
The U.S. dollar rose Tuesday, reversing some of the recent losses as a degree of calm returned to the foreign exchange markets. The dollar has been hit hard of late by fears of a U.S. recession after a batch of weak readings on the labor market, which ramped up bets that the Federal Reserve will have to cut rates more than initially expected. Traders now expect 110 basis points of easing this year from the Fed, pricing in an 80% chance of a 50 bps cut in September, after having fully priced in a 50 bps cut on Monday.
The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world's largest economy, potentially prompting the Federal Reserve to aggressively loosen monetary policy. Overnight, data showed U.S. manufacturing activity contracted at the fastest pace in eight months in July, while a gauge for employment fell sharply, raising the potential for a U.S. recession.
The proportion of Italian sovereign debt held by foreign investors, a less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment.
The U.S. dollar traded largely flat Tuesday, with traders wary ahead of the start of the latest Federal Reserve rate-setting meeting. The U.S. central bank is widely expected to leave rates unchanged this week, but traders will be looking for any hints from Fed Chair Jerome Powell on how soon policymakers are prepared to cut rates at his press conference. Powell also has the Jackson Hole gathering of central bankers in August, in the absence of a Fed meeting that month, to further guide the market, but failing to give a clear signal of a September cut this week would likely lead to a strengthening of U.S. Treasury yields and the dollar.
The euro is having a relatively good July when measured against the U.S. dollar, but BCA Research sees tough times ahead for the eurozone, and advises investors to sell the single currency. At 08:50 ET (12:50 GMT), EUR/USD traded at 1.0818, down 0.4% on the day, but up around 1% over the last month. Despite these gains for the EUR/USD pair, BCA Research suggests investors should adopt a defensive posture regarding European assets as it sees the likelihood of a recession ahead.
The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but remained on course for its strongest week in three months.
Pound strengthened against the dollar after the President endorsed Vice President Kamala Harris to take on Donald Trump in November.
The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. The dollar bounced off recent lows as U.S. labor and manufacturing data added to the uncertainty over when the Federal Reserve would start cutting rates. The U.S. currency has also seen demand as a safe-haven call as relations between the U.S. and China weaken, and uncertainty over the U.S. presidential race grows, amid calls for President Joe Biden to drop his reelection bid.