All Articles Tagged - US500

European Open Preview – Dollar trades like a rollercoaster after Fed; eurozone inflation coming up

Posted on May 3, 2018 at 7:46 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 unchanged on Thursday after it touched its highest level in 2018 yesterday, in the aftermath of the Fed’s policy meeting. STOCKS: US markets closed lower yesterday, following the FOMC meeting. Although stock indices spiked higher immediately on the decision, that sentiment quickly turned around and equities edged lower to finish in the red. The S&P [..]

European Open Preview – Dollar climbs ahead of Fed decision; eurozone GDP eyed as well

Posted on May 2, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to advance yesterday, reaching a fresh four-month high ahead of a policy decision by the Fed later today. Meanwhile, sterling came under renewed selling interest as UK data continued to disappoint, while the loonie experienced a very volatile session following some comments by BoC Governor Poloz. STOCKS: US markets closed mixed yesterday. The tech-heavy Nasdaq Composite climbed 0.91%, the S&P 500 gained 0.25%, while the Dow [..]

Stock Market News – Apple quarterly results in focus in another busy earnings week

Posted on April 30, 2018 at 3:20 pm GMT

Tech behemoth Apple will be releasing its earnings report for the quarter ending March 2018 after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Phones & Handheld Devices, its peer group. The world’s largest company by market cap is forecast to have made $2.69 in earnings per share (EPS) during its fiscal second quarter according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

European Open Preview – Sterling torpedoed by soft data; German & US inflation prints due

Posted on April 30, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Monday. On Friday, it pared back gains posted early in the session and closed the day almost flat as well, pressured by a similar pullback in US Treasury yields. That said, last week was still a very productive one for the dollar index overall, which rose 1.3% to reach its highest level in three-and-a-half months. Elsewhere, sterling plunged on Friday following disappointing GDP data, as investors [..]

European Open Preview – Euro sinks after ECB; US & UK GDP numbers eyed

Posted on April 27, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as a raft of encouraging earnings releases and a pullback in US bond yields supported risk appetite. The tech-heavy Nasdaq Composite climbed by 1.64%, boosted by [..]

European Open Preview – Dollar remains elevated; ECB in the spotlight

Posted on April 26, 2018 at 7:21 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both the aussie and the kiwi continued to collapse. STOCKS: US markets closed slightly higher yesterday, with the exception being the Nasdaq Composite, which fell, though [..]

Stock Market News – Facebook eyed ahead of quarterly earnings report; rising yields a consideration for investors

Posted on April 25, 2018 at 2:43 pm GMT

Social networking giant Facebook is scheduled to release its earnings report for the first quarter of the year after Wednesday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group. This is the first report by the firm after the Cambridge Analytica scandal, something which might bring it under more scrutiny by the investor community than would otherwise have been the case. Facebook’s Q1 2018 earnings [..]

European Open Preview – Dollar hovers near 4-month highs; raft of corporate earnings due

Posted on April 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve currency. Both the aussie and the kiwi are 0.45% lower against the greenback, extending recent losses. STOCKS: US markets stumbled on Tuesday, pressured by concerns around rising borrowing costs, as well as discouraging signals from [..]

Stock Market News – Boeing’s quarterly earnings report due amid raft of corporate releases

Posted on April 24, 2018 at 1:47 pm GMT

Plane-maker Boeing will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Aerospace & Defense, its peer group. The Chicago-headquartered firm is forecast to have made $2.58 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations represent an [..]

European Open Preview – Dollar bulls “back on the case”; US consumer confidence due

Posted on April 24, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar index is still trading near a three-month high. Elsewhere, kiwi/dollar fell by 0.5%, with no clear fundamental catalyst behind the decline. STOCKS: US markets closed lower yesterday, for the most part. While the Nasdaq [..]

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