Financial News

The Pending Home Sales report has also exceeded analyst estimates, indicating that the housing market has started to recover.

Euro area loan growth slowed further in December, reflecting the impact of ECB monetary policy on credit appetite. Next up, ECB President Lagarde.

Traders do not expect that Fed will be more hawkish after the release of the better-than-expected housing market data.

Fourth-quarter gross domestic product rose at a 2.9% annualized pace, according to Commerce Department data.

Tesla beat Wall Street targets for fourth-quarter revenue and profit despite a sharp decline in vehicle profit margins.

Turkish President Recep Tayyip Erdoğan is short on time to shore up government support as a disruptive rebalancing of the economy looms, hence his decision to hold elections earlier than expected.

Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand while AT&T forecasts annual profit below estimates.

USD/CAD moved higher after the release of the interest rate decision as traders reacted to dovish signals from BoC.

Both Input and Output UK Producer Prices softened by more than forecast in December. However, wage growth remains a headache for the BoE.

Microsoft rose as much as 5% in extended trading on Tuesday after the company reported fiscal second-quarter earnings that topped analysts’ estimates.

The Dow Jones is down nearly 200 points as weak performances by components Johnson & Johnson, Verizon and GE drag the blue chip average lower.

Manufacturing PMI and Services PMI reports indicated that rising wage costs and increases in input prices hurt businesses in January.

The Eurozone private sector returned to growth in January. However, wage growth and prices charge inflation will raise concerns for the ECB.

The report indicated that consumer activity remained under pressure despite the recent improvements in the European energy markets.

Bernstein analyst Mark Moerdler downgraded the company recently to underperform from market perform because it has fallen into “growth purgatory.”

US mortgage rates fell for a second consecutive week, with easing inflationary pressures and recession fears sending rates lower. Applications surged.

The stock rallies as Alphabet’s decision could boost profits in 2023.

The housing market is entering “nobody’s market” territory as buyers and sellers remain largely in a stalemate,” – Realtor.com.

UK economic indicators delivered the Bank of England plenty to think about, with the latest retail sales figures removing the hope of a mild recession.

Global Paid Net Subscribers showed an increase of 7.66 million, compared to the estimate of 4.57 million adds, according to StreetAccount estimates.