All Articles Tagged - US30

Stock Market News – JPMorgan, Citigroup and Wells Fargo eyed as Q1 earnings kick off

Posted on April 12, 2018 at 3:31 pm GMT

Banking giants JPMorgan Chase, Citigroup and Wells Fargo will all be releasing Q1 2018 earnings reports before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for the former two is “buy” – in line with the average recommendation for the Banks peer group – while Wall Street analysts assign, on average, a “hold” recommendation for Wells Fargo. JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.28 according to analysts submitting their forecasts to [..]

European Open Preview – Geopolitical concerns creep into markets; ECB minutes eyed

Posted on April 12, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded practically unchanged on Thursday, with the currency unable to draw much support from the hawkish signals in the FOMC minutes, amid escalating tensions in the Middle East pushing US Treasury yields lower. STOCKS: US markets closed lower yesterday, weighed on both by the optimistic tone of the FOMC minutes and rising geopolitical tensions, with the US-Russia standoff over Syria dominating headlines. The Dow Jones led the [..]

European Open Preview – Abating trade woes support risk; dollar eyes FOMC minutes & CPIs

Posted on April 11, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded nearly 0.1% lower on Wednesday, touching a fresh 2-week low ahead of the release of US CPI data and the minutes from the latest FOMC meeting. Both the euro and the pound gained yesterday, amid hawkish remarks from ECB and BoE officials respectively. Commodity currencies such as the aussie, kiwi, and loonie, were all a touch softer today, giving back some of the notable gains they posted [..]

European Open Preview – Risk sentiment boosted by Xi’s speech; US PPI due

Posted on April 10, 2018 at 7:50 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, was practically unchanged on Tuesday. Against the yen, the dollar was nearly 0.4% higher though, after some comments from Chinese President Xi Jinping boosted risk appetite, curbing demand for the safe-haven Japanese currency. STOCKS: US markets managed to close higher on Monday, but importantly, the major benchmarks gave back most of their earlier gains a few hours [..]

US Open Preview – Stocks rebound eases after China devaluation talk but dollar edges up

Posted on April 9, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: Trade tensions continued to dominate the market theme as the US open approached. A tweet by President Trump on Sunday raised hopes that China and the US would be able to negotiate a solution to the trade spat and went some way in lifting risk appetite in Asian trading on Monday. However, a report by Bloomberg that China is considering a gradual depreciation of the yuan knocked back risk appetite and [..]

US Open Preview – Dollar softer ahead of US jobs report; stocks tumble again as China-US trade row deepens

Posted on April 6, 2018 at 12:28 pm GMT

Here are the latest developments in global markets: FOREX: An escalation in the trade war between the United States and China, as well as investor caution ahead of today’s US jobs report led the US dollar to give up some of its earlier advance when it hit a 5-week high against a basket of currencies. The dollar index eased to 90.40 by mid-European session, while the greenback was flat versus the yen around 107.35. The euro managed to regain some [..]

European Open Preview – Markets shrug off latest trade tensions as dollar holds firm at 5-week high

Posted on April 6, 2018 at 9:28 am GMT

Here are the latest developments in global markets: FOREX: The US dollar came under fresh selling pressure yesterday after President Donald Trump stepped up the trade war with China and threatened additional tariffs on Chinese imports. The greenback briefly dipped below the key 107 level, having hit a 5-week high of 107.49 yen earlier in the day. Market participants chose instead to focus on the strong economic fundamentals of the US and global economy and the dollar quickly recovered, with [..]

Special Report – The most important chapter in the trade saga is the upcoming one

Posted on April 5, 2018 at 11:37 am GMT

Following the latest round of retaliatory tariffs by China, uncertainty is high, and the next move by either side will determine whether all these actions were just “posturing” ahead of serious negotiations, or whether the situation is set to develop into something bigger, like an actual trade war. On Wednesday, China unveiled its second round of tariffs on US goods, marking the most significant development in the Sino-American trade dispute so far. The Asian nation announced a list of countermeasures [..]

European Open Preview – Markets recover on hopes for trade negotiations; UK services PMI and US trade data due

Posted on April 5, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.1% higher on Thursday. Against the yen, the dollar was up nearly 0.25% as concerns of an imminent trade war subsided, diverting flows out of the Japanese currency, which is considered a safe-haven asset. STOCKS: US markets closed higher yesterday, managing to recoup earlier losses following comments from US National Economic Advisor Larry Kudlow that helped to calm the nerves of investors worried about a potential trade [..]

European Open Preview – Risk appetite recovers despite US tariff news; eurozone inflation in focus

Posted on April 4, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, consolidating after it posted some notable gains yesterday amid a recovery in risk sentiment and a surge in longer-dated US Treasury yields. Kiwi/dollar was among the prime winners today, gaining 0.35%. The loonie surged yesterday as well, on the back of optimism that a NAFTA deal may be reached soon. STOCKS: US markets recovered sharply, helped by a combination of diminishing risks surrounding [..]

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