Stock Market News / Page 127

Stock Market News – Banking giants Citigroup and Bank of America to release quarterly earnings

Posted on January 15, 2018 at 4:05 pm GMT

S&P 500 constituents Citigroup and Bank of America, the fourth- and second-largest US banks by assets, are scheduled to report their Q4 2017 results before the market open on Tuesday and Wednesday respectively. The consensus recommendation for both banks is “buy” at the moment, in line with the average consensus recommendation for the Banks peer group. Citi’s earnings per share during Q4 are anticipated to stand at $1.19. This compares to $1.26 from five weeks ago, though still $1.19 – [..]

Stock market news – DAX: A good run, but bumpy road ahead

Posted on January 11, 2018 at 3:48 pm GMT

The German DAX managed to gain 12.5% in 2017, even despite the withdrawal of some stimulus by the European Central Bank (ECB) and a stronger euro. So far in 2018, the popular index has posted one of its strongest starts to a year, rising by more than 2.5% in just a few days. The DAX could finish the year even higher, though the ride there is likely to be bumpy and full of volatility amid political uncertainties and the prospect [..]

Technical Analysis – Japan 225 index could be losing steam in short-term; looking bullish in medium-term

Posted on January 11, 2018 at 3:31 pm GMT

The Japan 225 index has eased somewhat after recording a multi-decade high of 23,997 earlier in the week. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to bullish momentum. However, both lines are flat at the moment, this being a sign of positive short-term momentum losing steam. Also, the picture in the very short-term is looking grim as per the stochastics: the %K line has crossed below the slow %D line with both lines heading lower; [..]

Stock market news – Nikkei 225: Higher, with a little help from the BoJ?

Posted on January 10, 2018 at 3:44 pm GMT

The Nikkei 225 was on a tear in 2017, as Japan’s economic recovery and the Bank of Japan’s (BoJ) massive stimulus program helped the popular index to reach multi-decade highs, finishing the year 21.5% higher. A continuation of this environment could support the Nikkei even further in 2018, though the pace of the index’s appreciation may depend on other variables as well, such as global risk appetite. Japan’s economic upswing continued unabated in 2018. The nation’s economic data have not [..]

Stock market news – Dow Jones: Let the good times roll?

Posted on January 10, 2018 at 12:03 pm GMT

The Dow Jones industrial average index had one of its best performances on record in 2017, climbing an astounding 25%. The strong US economic outlook and expectations for a major tax overhaul were probably the main drivers behind the index’s surge. Looking at 2018, the Dow’s outlook remains bullish amid potential for major stock-buybacks by firms, though a lot could also depend on monetary policy and the path of US bond yields. A variety of factors can explain the Dow’s [..]

Technical Analysis – UK 100 index posts record high though RSI overbought

Posted on January 10, 2018 at 11:24 am GMT

The UK 100 index hit a fresh all-time high of 7,756.10 during today’s trading, with the index posting a notable rally since the beginning of December. The Tenkan- and Kijun-sen lines are positively aligned, pointing to a bullish picture in the short-term. The RSI is supporting this view: the indicator remains on the rise, though it has crossed above the 70 overbought level, rendering a short-term pullback a possibility. Further advancing could see the index finding a barrier around the [..]

Stock Market News – JPMorgan and Wells Fargo reporting quarterly results as earnings season kicks off

Posted on January 9, 2018 at 2:50 pm GMT

JPMorgan Chase and rival Wells Fargo will be reporting Q4 2017 results before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for both banks is “hold”, with the average recommendation for the Banks peer group being a “buy”. Expectations are for JPMorgan’s quarterly earnings to stand at $1.68 per share according to Thomson Reuters I/B/E/S estimates, with the latest change in analysts’ forecasts being to the downside. This compares to $1.71 from the same quarter last [..]

Technical Analysis – US 500 index crosses above 2,700 to record all-time high; looking bullish in short- and medium-term

Posted on January 3, 2018 at 2:57 pm GMT

The US 500 index recorded an all-time high of 2,701.80 during today’s trading. A positive close would mark the second straight day of advancing after gaining 0.8% on Tuesday. The Tenkan- and Kijun-sen lines are positively aligned, with the former being above the latter. This is pointing to positive momentum in the short-term. The stochastics are also painting a bullish picture in the very-short-term: the %K line has moved above the slow %D line and both lines are heading higher. [..]

Stock Market News – Apple retreats as investors revise iPhone X sales projections but is positioning merely an overreaction?

Posted on December 27, 2017 at 4:19 pm GMT

Shares of iPhone-maker Apple Inc. fell by 2.5% during Tuesday’s trading, finishing at their lowest in two weeks and acting as a drag on the Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite. The sell-off was spurred by investors’ worries on whether iPhone X sales will live up to the pre-release hype. Numerous brokers cutting their demand projections for Apple’s high-end product, the iPhone X, fueled investors’ concerns, who in turn placed bearish bets on the stock during [..]

Technical Analysis – US 100 index not far below all-time high; stochastics signal possible pullback in very short-term

Posted on December 21, 2017 at 11:28 am GMT

The US 100 index is currently trading relatively close to the all-time high of 6,525.00 hit on Monday. The bias in the short-term remains positive as indicated by the Tenkan-sen line being above the Kijun-sen one, despite the index losing some ground in the two days that preceded. However, the stochastics are suggesting that the pullback might continue in the very short-term: the %K line has crossed below the slow %D line, with both lines currently heading lower. This is [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

Stock Market News

XM Live Chat