All Articles Tagged - US30

Stock Market News – Boeing in focus ahead of earnings release; trade developments important for the outlook

Posted on July 24, 2018 at 2:26 pm GMT

Boeing’s earnings report for Q2 2018 will be hitting the markets before Wednesday’s US market open. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Aerospace & Defense peer group. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), the plane maker is forecast to have made $3.27 in earnings per share (EPS) during the quarter ending in June, which reflects a drop [..]

European Open Preview – Yen grinds higher amid BoJ speculation; eurozone PMIs in the spotlight

Posted on July 24, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index advanced higher on Monday, recovering some of its Trump-induced losses as a solid rise in US bond yields increased the currency’s appeal. Heightened expectations for a very strong US GDP print for Q2, due out on Friday, may have supported the move. The yen also grinded higher, as speculation continued to mount that the Bank of Japan may alter its policy in a more hawkish direction as soon as at [..]

European Open Preview – Dollar broadly stronger on Powell’s optimistic remarks; UK inflation eyed

Posted on July 18, 2018 at 7:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued gaining versus a basket of currencies on Wednesday after rising by a bit less than 0.5% the previous day. Upbeat comments on the US economy by Fed Chief Jerome Powell acted as the catalyst for the greenback’s advance, as well as fueling risk sentiment. In light of the risk-on mood, the yen retreated, with dollar/yen reaching a fresh six-month high of 113.07 earlier on the day. STOCKS: The [..]

Stock Market News – IBM’s quarterly results eyed during packed earnings week

Posted on July 17, 2018 at 1:31 pm GMT

IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group. The multinational tech company is anticipated to have made $3.04 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

European Open Preview – Dollar pulls back ahead of Powell’s testimony; UK jobs data in focus

Posted on July 17, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by 0.14% on Tuesday, ahead of a testimony by Fed Chairman Jerome Powell before the US Senate at 1400 GMT. Elsewhere, kiwi/dollar is up by 0.77%, following encouraging core inflation data out of New Zealand overnight. STOCKS: US markets closed mixed on Monday. While the Dow Jones managed to advance by 0.18%, the S&P 500 and the Nasdaq Composite edged lower by 0.10% and 0.26% respectively. Something similar appears [..]

European Open Preview – Pound rebounds ahead of busy week; US retail sales in the spotlight

Posted on July 16, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Monday, extending the losses it posted in the previous session as longer-term US Treasury yields tumbled. The Japanese yen, meanwhile, is slightly lower against all its major counterparts on Monday, amid a lack of escalation in trade tensions. STOCKS: US markets closed higher on Friday, as trade concerns remained out of the spotlight. The Dow Jones led the way up, gaining 0.38%, while the S&P 500 advanced [..]

European Open Preview – Yen retreat in full swing amid signs of trade negotiations looming

Posted on July 13, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is up by almost 0.1% on Friday, building on the gains it posted in the previous session. The yen, meanwhile, is losing ground against all its major counterparts amid an absence of any worrisome news on the trade front, touching a fresh six-month low against the dollar. STOCKS:US markets closed higher on Thursday, buoyed by the absence of an immediate retaliation from China against the latest US tariff salvo, as [..]

Stock Market News – JPMorgan and Citigroup among first to release Q2 results, may give an indication of what is to follow

Posted on July 12, 2018 at 3:46 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.21, with a downward revision [..]

European Open Preview – Oil collapse pushes loonie lower; ECB minutes and US inflation in focus

Posted on July 12, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, attempting to extend the massive gains it posted in the previous session. Dollar/yen is up by 0.21%, having touched a fresh high for the year earlier. Meanwhile, the loonie dropped on Wednesday as oil prices collapsed, erasing the gains it posted after the BoC raised rates, to trade much lower in the aftermath. STOCKS: US markets closed lower yesterday, as trade concerns remained the dominant theme. Some [..]

European Open Preview – Asian equities tumble as trade tensions intensify; Bank of Canada rate decision eyed

Posted on July 11, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically flat on Wednesday, after posting some very modest gains in the previous session. Commodity-linked currencies like the aussie, kiwi, and loonie, are all lower, following news overnight that the US is planning another set of tariffs against China. STOCKS: US markets closed higher yesterday, with the Dow Jones and S&P 500 rising by 0.58% and 0.35% respectively, while the Nasdaq Composite managed to gain 0.04% as well. However, [..]

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