Financial News
- James Hyerczyk
Meta’s shift to AI and metaverse likely to exert short-term pressure on Nasdaq 100 due to significant investments and ongoing losses.
- Vladimir Zernov
Gasoline inventories declined by 0.6 million barrels from the previous week.
- James Hyerczyk
Durable goods and transportation orders rise, surpassing forecasts and signaling robust economic growth.
- Bob Mason
German business sentiment rises sharply in April, services sector shows robust improvement, putting the ECB in the spotlight.
- James Hyerczyk
Tesla’s Q1 revenue drop and strategy shift to affordability precede stock resilience in after-hours trading.
- Vladimir Zernov
Manufacturing PMI moved back into contraction territory.
- Bob Mason
German Services PMI surges, fueling speculation on ECB’s June rate cut decision.
- Bob Mason
In the week ahead, US inflation and service sector PMI numbers could further impact investor bets on multiple 2024 Fed interest rate cuts.
- Bob Mason
The crypto market was under pressure going into the weekend, with monetary policy and geopolitics overshadowing the Bitcoin Halving event.
- James Hyerczyk
P&G beats earnings forecast, misses revenue; EPS guidance up, mixed segment sales.
- James Hyerczyk
P&G and AmEx anticipate earnings growth; Regional Banks face mixed outcomes.
- Bob Mason
Weaker-than-expected UK retail sales figures could support rising bets on a Bank of England interest rate cut. However, the BoE camp is divided.
- James Hyerczyk
Netflix shifts focus to profitability, enhancing finances with strategic initiatives and plans to expand into gaming and sports.
- Vladimir Zernov
Natural gas prices are moving higher as traders react to the EIA report.
- James Hyerczyk
US initial claims hold steady at 212,000, unadjusted claims drop; Philly Fed survey shows growth despite challenges; market remains optimistic.
- Dennis Shen
A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.
- Vladimir Zernov
Total motor gasoline inventories declined by 1.2 million barrels from the previous week.
- Bob Mason
UK Inflation Softens to 3.2% in March: The BoE hawks could postpone rate cut talks after the March numbers beat expectations.
- James Hyerczyk
March Housing Starts Plummet, Indicating Instability – Housing Starts decline sharply by 14.7% to 1.32 million units.
- Bob Mason
Mixed signals from China: Industrial production and retail sales falter, while fixed asset investment and lower unemployment hint at momentum shift.