All Articles Tagged - US30

Cisco in the spotlight ahead of earnings report – Stock Market News

Posted on May 16, 2018 at 2:42 pm GMT

Technology conglomerate Cisco Systems is due to release its earnings report for Q1 2018 on Wednesday after Wall Street’s closing bell. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for Communications Equipment, its peer group. The California-based technology giant is anticipated to report earnings per share (EPS) of $0.65 for the first quarter of 2018, according to twenty-eight analysts submitting their forecasts to the Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate [..]

European Open Preview – Dollar rally gets a second wind, buoyed by rising Treasury yields

Posted on May 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Wednesday but by less than 0.1%, extending the notable gains it posted yesterday, when it advanced against all major currencies. Solid US retail sales data pushed the yields of longer-term US bonds to fresh multi-year highs, breathing a second wind into the dollar’s latest rally. STOCKS: Major US indices tumbled yesterday, as the renewed rise in US yields sapped demand for stocks. Rising borrowing costs could [..]

European Open Preview – Dollar rebounds ahead of key events; UK employment data eyed

Posted on May 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% higher on Tuesday, building on the gains it recorded yesterday on the back of a surge in longer-term US bond yields. The Japanese yen, which is seen as a safe haven asset, is on the back foot as trade risks have moved out of the spotlight and focus has turned to potential solutions through negotiations. STOCKS: Wall Street closed higher on Monday, though the gains were [..]

European Open Preview – Trump extends “olive branch” to China; Italian politics monitored

Posted on May 14, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by 0.15% on Monday, extending the losses it posted on Friday. The disappointment in the US core CPI last week appears to have taken the wind out of the greenback’s sails, with yields on 10-year US Treasuries unable to sustain a foothold above the widely-touted 3.0% level. STOCKS: US markets closed mostly higher on Friday. The Dow Jones and the S&P 500 rose by 0.37% and 0.17% respectively [..]

US Open Preview – Dollar ticks lower; Canadian jobs data in sight

Posted on May 11, 2018 at 11:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged lower on Friday (-0.17%), extending losses from Thursday on the back of disappointing US inflation data. Dollar/yen was down 0.09%, with little in the way of news or developments to guide price action. Euro/dollar inched up to 1.1943 (+0.24%), while pound/dollar touched 1.3570 (+0.39%), with the latter licking its wounds following a sharp decline on Thursday, after the Bank of England appeared cautious about near-term rate [..]

European Open Preview – Cautious BoE sends the pound tumbling; Canadian jobs data on the horizon

Posted on May 11, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which tracks the greenback’s performance against a basket of six major currencies, traded 0.1% higher on Friday, recouping some of the losses it posted on Thursday following weaker-than-anticipated US inflation data. The British pound recorded hefty losses on Thursday too, after the BoE played down expectations for a near-term rate increase. STOCKS: Wall Street raced higher yesterday, after disappointing US inflation figures calmed the nerves of investors worried that the Fed may raise [..]

European Open Preview – Kiwi tumbles; BoE decision and US inflation in focus

Posted on May 10, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically flat on Thursday, ahead of the release of the US CPI data for April at 1230 GMT. Kiwi/dollar plunged nearly 1.0% overnight, after the RBNZ kept its policy unchanged but shifted to a more dovish bias, keeping the possibility of a rate cut on the table. Sterling/dollar traded 0.2% higher, as investors awaited the BoE’s rate decision today at 1100 GMT. STOCKS: Wall Street closed higher [..]

European Open Preview – Dollar and oil continue marching higher as geopolitics dominate attention

Posted on May 9, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was nearly 0.3% higher on Wednesday, touching its highest level in four-and-a-half months, and extending the significant gains it posted on Tuesday on the back of a rebound in longer-term US Treasury yields and particularly strong JOLTS data. STOCKS: Major US indices closed practically flat on Tuesday, in the aftermath of the US decision to leave the Iran nuclear deal. The Nasdaq Composite and the Dow Jones managed to climb 0.02% [..]

European Open Preview – Dollar little changed; Trump’s Iran decision in the spotlight

Posted on May 8, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically flat on Tuesday ahead of a speech by Fed Chair Jerome Powell at 0715 GMT. It touched its highest level in five months yesterday, as the euro (which has by far the biggest weight in this basket) declined following some lackluster data out of the Eurozone. STOCKS: US markets closed higher yesterday. The tech-heavy Nasdaq Composite climbed [..]

European Open Preview – Dollar climbs after jobs data; trade developments eyed

Posted on May 7, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Monday, extending the gains it posted on Friday in the aftermath of the US employment report for April. The US unemployment rate touched a 17-year low, likely enhancing speculation that an ever-tightening labor market is set to push wages higher in the coming months – labor force participation did fall as well though. STOCKS: Wall Street closed higher on Friday, paring some early losses posted after the [..]

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