All Articles Tagged - US500cash

Daily Market Comment – Stocks defy gravity, oil storms higher, dollar retreats

Posted on October 25, 2021 at 8:52 am GMT

Stock markets hover near record highs despite mounting risks Dollar pulls back, sterling in BoE limbo, Turkish lira collapses Action-packed week ahead with three central banks and tech earnings It’s still about inflation The overarching market theme continues to be how persistent this inflation episode will be and whether central banks will go into battle to suppress it. Hopes that price pressures will fade by themselves have all but vanished as the energy crisis burst into the spotlight, propelling inflation [..]

Global stocks advance; gold accelerates ahead of Powell’s speech – US Open Note

Posted on October 22, 2021 at 1:21 pm GMT

Evergrande’s default delayed While everyone was convinced that the endgame for Evergrande was a certainty, China’s indebted property giant made a last-minute $84mln interest payment overnight, avoiding an official default ahead of its 30-day deadline expiring this weekend. The news brought some risk-on back into play on Friday, propping stock markets and underpinning commodity-dependent currencies such as the aussie and the kiwi, though whether the company can only delay an imminent default remains to be seen. For the time being, [..]

US Open Note – Growth concerns bring risk-off into play; dollar’s slide halts

Posted on October 21, 2021 at 1:40 pm GMT

Stocks falter as risk-off returns Better-than-expected corporate earnings have been a boon to stock markets this month, with Southwest and American airlines flagging today that even the hardest-hit industries by the pandemic can still stand on their feet despite the energy crisis. Nevertheless, below the surface global economic warnings are still flashing red. The pandemic’s nasty supply shocks will probably keep fueling global inflation pressures for longer and businesses such as Unilever, will not hesitate to transfer costs onto consumers [..]

US Open Note – Stocks oscillate near record highs; commodity currencies hold firm

Posted on October 20, 2021 at 1:50 pm GMT

Stocks consolidate gains as earnings surprise Stock markets have been relatively flat marginally below their summer record highs during early US trading hours on Thursday, with the pan-European STOXX 600 consolidating last week’s impressive rebound and US stock indices switching between gains and losses. While investors were almost convinced that higher input costs, labor shortages and lack of raw materials would raise serious concerns among companies, the earnings season has surprisingly been a tailwind to equity markets so far, showing [..]

US Open Note – Yen still plunges; oil heads towards $82.00

Posted on October 15, 2021 at 1:07 pm GMT

Dollar index on mute today; US retail sales surprised The dollar index is hovering around 94.00 today, following two red days; however, dollar/yen is heading sharply higher towards a fresh three-year high around 114.20 due to a weakened Japanese yen. US retail sales unexpectedly rose 0.7% for September versus an upwardly revised 0.9% the prior month. A dovish Bank of Japan and growing 2-year U.S.-Japan rate differentials continue to be important factors. US futures are suggesting another positive day, after strong earnings releases. The single currency [..]

Daily Market Comment – Wall Street roars back, yen blasted as optimism returns

Posted on October 15, 2021 at 9:04 am GMT

Riskier plays come back swinging as supply worries take a back seat Stocks and commodity currencies power higher, yen gets hammered Dollar heads for weekly losses ahead of US retail sales Riskier assets storm back Investors forgot about the mayhem in supply chains and energy markets on Thursday and instead increased their exposure to riskier plays, as a combination of encouraging US economic data and corporate earnings from the big banks cheered up the mood. Initial jobless claims in America [..]

What’s next as stagflation risks torment markets? – Special Report

Posted on October 14, 2021 at 3:31 pm GMT

The global economy is fighting a battle on multiple fronts. From paralyzed supply chains to an energy crisis that threatens Europe and Asia to a painful deleveraging in the Chinese real estate sector, there is a clear risk that growth slows down but inflation stays hot. This could spell some more trouble for stock markets as corporate profit margins get squeezed, while the winner might be the US dollar, which is shielded from the power crunch thanks to America’s energy [..]

Daily Market Comment – Stocks and gold recover as Fed path gets recalibrated

Posted on October 14, 2021 at 9:08 am GMT

Expectations of earlier but shallower Fed rate path revive optimism Dollar retreats, stocks and gold recover as long-dated yields drop China’s factory prices soar, central bank speakers in focus Fed repricing Investors are having second thoughts about the structure of the Fed’s rate hike cycle. The latest moves in the bond market suggest the FOMC will pull the hike trigger early to tame inflation but the final destination in rates won’t be very high. In other words, an earlier but [..]

JPMorgan beats profit expectations, banking sector could hold resilient – Stock Market News

Posted on October 13, 2021 at 1:10 pm GMT

As usual, the earnings parade starts with the biggest US banks. Following an encouraging release from JPMorgan, the focus will turn to Bank of America, Citigroup and Wells Fargo on Thursday, and Goldman Sachs on Friday. The lacklustre growth in profits in the first half of the year is expected to cool down further and a more careful guidance could press sentiment, though the macroeconomic outlook will probably remain favourable for the banking sector, maintaining support under the 2021 stock [..]

Daily Market Comment – Dollar turns to inflation data for more fuel

Posted on October 13, 2021 at 9:08 am GMT

King dollar reigns supreme ahead of US inflation and Fed minutes Stock markets wrestle with spike in short-term yields Earnings season kicks off, gold fights back, oil takes a breather Dollar capitalizes on Fed bets The main event today will be the release of CPI inflation numbers from America, a few hours before the minutes of the latest Fed meeting. Both the headline and core CPI rates are projected to have held steady in yearly terms, albeit at very elevated [..]

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