IN THE OVERNIGHT 1 NOVEMBER
HAPPY FOMC DAY!! Mixed Markets TOP STORIES OVERNIGHT Fed’s ‘Hawkish Pause’ to Keep Option to Hike-BBG The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another hike as soon as December with economic growth staying resilient. The Federal Open Market Committee will keep rates […]
IN THE OVERNIGHT 31 OCTOBER
Asia RED…Europe GREEN TOP STORIES OVERNIGHT China Slump Turns October Into The Worst Month for Asia IPOs Since 2019 -BBG Initial public offering proceeds in Asia Pacific slumped to the lowest in at least four years in October, hit mainly by slower capital-raising in mainland China. Companies and their shareholders across the region raised about $3.89 […]
WEEKEND PREP 29 OCTOBER
ALL EYES ON FOMC THIS WEDNESDAY Stocks entered correction territory last week, down about 10% from their peak in late July Is this is a mere correction….or something more? Edward Jones seems to think this is a buying opportunity: Without dismissing the risks, we offer 10 reasons why the recent pullback in stocks and bonds […]
IN THE OVERNIGHT 27 OCTOBER
Markets GREEN led by China NOTABLE EARNINGS TODAY $XOM$CVX$ABBV$CHTR$PSX$AN$CL$ARLP$NWL$AER$GTLS$TROW$SWK$BAH$SNY$STEL$AVTR$FTS$OIS$SAIA$CBTRE$POR$IMO$AON$DAN$EQNR$FHB$FMX$XEL$VRTS$WT$CMLS$CRI$CVEO$ARCB$B$BCPC$LECO$LYB$NVT$GNTX$CIVB$PIPR$PNM TOP STORIES OVERNIGHT Japan’s Biggest Firms Set for $9.3 Billion Bonanza From Weak Yen-BBG Ten of Japan’s biggest companies are likely to pocket an extra 1.4 trillion yen ($9.3 billion) in profits this fiscal year if the yen continues to hover around the 150 mark to […]
IN THE OVERNIGHT 26 OCTOBER
US GDP 8:30 AM ET Pretty RED out there NOTABLE EARNINGS TODAY $NRDS$TBBK$SHYF$MBLY$BPMC$HTZ$OSTK$VC$OLN$ULCC$PMT$HZO$RCL$UPS$HSY$AMZN$ENPH$INTC$CMG$F$DXCM$LUV$MO$VLO$NOC$MRK$MA$SKX$COF$TSCO$NEM TOP STORIES OVERNIGHT Shanghai copper climbs to two-week high on upbeat demand outlook-Reuters Copper prices in Shanghai climbed to a two-week peak on Wednesday, underpinned by better demand outlook following top consumer China’s decision to roll out fresh stimulus measures to support […]
IN THE OVERNIGHT 25 OCTOBER
Asia Mixed, Europe RED NOTABLE EARNINGS TODAY $META$BA$IBM$NOW$TMO$TMUS$HLT$ALGN$ORLY$ODFL$ADP$CYH$ETD$NOVA$PI$CLS$GBX$VRT$COOP$QS$IMAX TOP STORIES OVERNIGHT China Signals Zero Tolerance For Sharp Economic Slowdown With Rare Steps-BBG Chinese President Xi Jinping signaled that a sharp slowdown in growth and lingering deflationary risks won’t be tolerated, making a series of rare policy moves to boost the economy while refraining from massive stimulus. The […]
IN THE OVERNIGHT 24 OCTOBER
Asia Mixed, Europe Green NOTABLE EARNINGS THIS TODAY $SNAP $PACW $TDOC $SMPL $LRN $ENVA $UMBF $CHX $SPOT $XRX $MTDR $TRU $MSFT $GOOGL $SNAP $V $TDOC $TXN $FFIV $KO $VZ $GE $MMM TOP STORIES OVERNIGHT BOJ to Watch Yields Till Last Minute to Decide YCC Tweak, Sources Say-BBG Bank of Japan officials are likely to monitor […]
WEEKEND PREP 22 OCTOBER
THIS WEEK WAS ALL ABOUT YIELDS Via Bloomberg: Wild Treasuries Swings Just Starting as Bond Traders ‘Buckle Up’ A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months […]
IN THE OVERNIGHT 20 OCTOBER
Sea of RED TOP STORIES OVERNIGHT China Stocks Erase All Reopening Gains as Property Woes Persist-BBG Chinese stocks erased all the gains seen during their massive reopening rally that took off late last year, as persistent concerns about the health of the property sector help drive an unprecedented foreign outflow from the onshore market. The CSI 300 Index fell […]
IN THE OVERNIGHT 19 OCTOBER
Pretty RED out there AGAIN TOP STORIES OVEERNIGHT Emerging Market Losses Deepen as US Treasury Yields March to 5%-BBG Losses in emerging-market stocks and bonds deepened as the rise in US Treasury yields and concern about a wider conflict in the Middle East pushed investors to unload riskier assets. This week’s losses on the MSCI benchmark equity index have reached 2%, […]