Financial News
- Vladimir Zernov
Natural gas prices test new lows as traders react to the EIA report.
- James Hyerczyk
Microsoft’s cloud growth boosts earnings, Meta outperforms but misses user targets, and Starbucks strategizes for recovery after sales drop.
- Vladimir Zernov
Gasoline inventories decreased by 2.7 million barrels from the previous week.
- James Hyerczyk
U.S. Q3 GDP grew 2.8%, missing the 3.1% forecast as consumer spending slowed. Rising imports and weak housing investment also dampened growth.
- James Hyerczyk
October’s ADP report surprises with 233,000 private jobs added, driven by health, trade, and hospitality sectors—beating forecasts by over 100,000.
- Bob Mason
Stronger Eurozone Growth Fuels ECB Rate Speculation; Germany Rebounds in Q3.
- James Hyerczyk
Alphabet leads in earnings, beating forecasts with cloud growth. Snap, AMD, and Reddit show mixed results as tech stocks prepare for short-term gains.
- Vladimir Zernov
CB Consumer Confidence increased to 108.7, beating analyst estimates.
- James Hyerczyk
U.S. home prices rose 4.2% YoY in August, while 20 major cities saw a 5.2% gain. High mortgage rates continue to dampen demand and growth.
- James Hyerczyk
Pfizer Q3 earnings beat expectations, driven by Paxlovid sales. Cost-saving goals aim for $4B by 2027 as Covid demand slows. Investor concerns rise.
- Bob Mason
German consumer confidence rises in November, hitting highs since April 2022, yet recession fears weigh on economic sentiment.
- Vladimir Zernov
The report showed that production index moved back into the positive territory amid rising factory activity.
- Vladimir Zernov
Long-run inflation expectations declined from 3.1% to 3.0%.
- James Hyerczyk
U.S. Durable Goods Orders fell 0.8% in September, defying forecasts for a deeper drop and signaling resilience in the manufacturing sector.
- Bob Mason
The German Ifo Index beats forecasts, signaling optimism in business sentiment, but challenges remain for the Eurozone’s broader recovery.
- Vladimir Zernov
Natural gas prices pulled back as traders reacted to the bearish report.
- Dennis Shen
Greece’s favourable credit trajectory is underscored by falling public debt, more resilient banks, and structural reforms. Scope Ratings’ baseline is for primary budget surpluses to be sustained in coming years.
- James Hyerczyk
U.S. jobless claims fall unexpectedly to 227,000, signaling labor market resilience, but rising unemployment benefits hint at economic cooling.
- James Hyerczyk
Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets.
- Bob Mason
Eurozone Services PMI fuels bets on a smaller ECB rate cut as services inflation persists despite weaker demand.