All Articles Tagged - US500

Stock Market News – Microsoft and Facebook release results; earnings season in full swing

Posted on January 30, 2019 at 10:37 am GMT

Both Microsoft and Facebook will announce their earnings on Wednesday, after Wall Street’s closing bell. These tech behemoths had vastly different years in 2018, with Microsoft shares surging on the back of strong cloud services growth, but Facebook taking a hit amid privacy scandals. That said, the tides may be turning in 2019, as Microsoft is underperforming markets year-to-date while Facebook is outperforming. Guidance by management from both companies will be key. Microsoft The world’s second-largest company by market capitalization [..]

European Open Preview – Brexit stays in limbo; Fed decision eyed

Posted on January 30, 2019 at 8:50 am GMT

Fed decides; Powell’s remarks on the balance sheet may be crucial Pound slides as Brexit uncertainty seems set to remain elevated US-China trade talks commence; plethora of earnings and data also due FOMC meeting – emphasis on Powell’s balance sheet remarks The main event today will be the Fed policy decision at 1900 GMT, which will be followed by a press conference from Chairman Powell – as will every meeting from now on. No change in policy is expected, and [..]

European Open Preview – Companies sound warning on China; Brexit saga rumbles on

Posted on January 29, 2019 at 8:43 am GMT

Risk appetite stays fragile as key companies sound the alarm on Chinese growth In the UK, it may be a deciding day for Brexit as lawmakers vote on various plans Earnings season continues in full throttle today, little on economic calendar Corporate warnings on China rattle stocks, drag oil lower US equity markets closed in the red, after industrial bellwether Caterpillar (-9.1%) reported disappointing earnings and chipmaker Nvidia (-13.8%) slashed its revenue forecasts, both companies pointing the finger to weakening [..]

Can Apple’s earnings turn its fortunes around? – Stock Market News

Posted on January 28, 2019 at 2:17 pm GMT

Apple will release its fiscal first-quarter earnings on Tuesday, after the US market close. Since the firm has already provided estimates on revenues lately, traders will focus mainly on the management’s guidance for the next quarter. It’s striking that after being the market’s darling for several years, recent weakness in sales has turned Apple into an underperformer with a relatively attractive valuation. The California-based tech behemoth rattled markets in early January, when it issued preliminary estimates for its upcoming quarterly [..]

European Open Preview – Dollar takes a hit on speculation for dovish Fed

Posted on January 28, 2019 at 8:58 am GMT

Reports the Fed may halt its balance sheet unwind hurt dollar, boost stocks Sterling marches higher ahead of decisive week for Brexit ECB President Draghi & BoE Governor Carney speak today Dollar slumps, equities advance on Fed reports & trade optimism It was a lively session for both currency and equity markets on Friday. The dollar slumped while stock indices climbed, amid renewed speculation that the Fed may turn even more dovish and the US-China talks could bear fruit soon. [..]

Stock Market News – Caterpillar’s earnings could drive market sentiment

Posted on January 25, 2019 at 1:32 pm GMT

Caterpillar – which is seen as a bellwether for global economic activity – will announce its quarterly results on Monday, two hours ahead of Wall Street’s opening bell. Against the backdrop of slowing global growth and trade tensions, the guidance by management for 2019 could prove equally, if not more important than the actual earnings figures for the market reaction. The world’s largest manufacturer of heavy equipment is projected to report earnings per share (EPS) of $2.99 in the closing [..]

European Open Preview – Euro crumbles after ECB; Brexit hopes lift pound

Posted on January 25, 2019 at 9:03 am GMT

Euro closes lower on soft PMIs and ‘vigilant’ Draghi Stocks struggle amid conflicting trade signals Sterling advances on fresh Brexit reports Euro caves in after PMIs sink, Draghi ‘keeps his options open’ Euro/dollar had a particularly turbulent session on Thursday, before ultimately closing lower, caving in under the weight of disappointing PMIs out of the Eurozone and cautious commentary by the ECB. The preliminary manufacturing PMIs out of both Germany and France signaled contraction, revitalizing euro-area growth concerns, while a [..]

European Open Preview – ECB meets, all eyes on Draghi; pound soars

Posted on January 24, 2019 at 8:36 am GMT

ECB decision and Eurozone PMIs will chart euro’s course today Pound soars to 11-week highs versus dollar as no-deal Brexit risk fades Aussie tumbles on mounting speculation for RBA rate cut Stocks inch higher on strong earnings, dollar rebound stalls ECB meeting & Eurozone PMIs could make-or-break euro/dollar today It will be a crucial session for European assets and the euro itself today. The European Central Bank (ECB) will announce its policy decision at 1245 GMT, which will be followed [..]

European Open Preview – Market sentiment stays fragile, but kiwi shines

Posted on January 23, 2019 at 9:05 am GMT

Risk appetite remains weak as trade and growth concerns resurface BoJ stays on hold, provides no new signals – yen yawns Kiwi outperforms as New Zealand’s inflation prints beat estimates Growth and trade woes keep investors on the defensive Market sentiment remained fragile on Tuesday, with investors cutting their exposure to riskier assets and diverting those funds into safer plays, amid resurgent worries around global growth and trade uncertainties. News that the US will proceed with the extradition of the [..]

European Open Preview – IMF adds more clouds to global outlook

Posted on January 22, 2019 at 9:22 am GMT

IMF downgrades growth forecasts; stocks feel the pinch May keeps “no-deal Brexit” scenario alive Oil reverses lower amid signs of slowing global economy Risk appetite stays bearish amid growing global growth fears Stocks in Asia had another weak session on Tuesday as pessimism about global growth kept funds away from risky assets, with Chinese equities losing more than 1%. A couple of hours after China reported its slowest quarterly economic expansion since the financial crisis and the lowest annual growth in 30 years, the International Monetary [..]

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