Traders Market Weekly: War, Rates and Bankers Deliver Chaos

Viewing 15 posts - 31 through 45 (of 71 total)
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  • #66432
    Truman
    Participant

    Major European indices are trading mixed with modest moves above and below their unchanged lines after registering strong gains in Tuesday’s session.

    STOXX Europe 600: +0.3%,
    Germany’s DAX: +0.1%,
    U.K.’s FTSE 100: +0.2%,
    France’s CAC 40: -0.3%,
    Italy’s FTSE MIB: +0.6%,
    Spain’s IBEX 35: +0.1%.

    Luxury stocks have been a drag on France’s CAC 40 following LVMH’s Q3 sales report on Tuesday.

    #66433
    Truman
    Participant

    Germany’s Final September CPI +0.3% m/m (expected +0.3%; last +0.3%) and +4.5% yr/yr (expected +4.5%; last +4.5%)

    Lower sovereign bond yields remain a welcome source of support
    ECB member Knot sounded an encouraging note about waning inflation shocks, but said the ECB is ready to act again if the 2% inflation goal remains elusive, according to Bloomberg.

    #66434
    Truman
    Participant

    Exxon (XOM 107.75, -2.70, -2.4%): close to all stock deal for Pioneer Natural Resources (PXD) for $58 billion valued at $253/share

    #66435
    Truman
    Participant

    Walgreens Boots Alliance (WBA 22.77, +0.39, +1.7%): names Tim Wentworth as CEO

    Novo Nordisk A/S (NVO 96.06, +3.05, +3.3%): announces decision to stop the once-weekly injectable semaglutide kidney outcomes trial, FLOW, based on interim analysis

    DaVita (DVA 77.20, -14.08, -15.4%), Baxter (BAX 34.27, -3.05, -8.2%), Fresenius Medical (FMS 17.67, -3.28, -15.7%): down big on the NVO news

    #66436
    Truman
    Participant

    Birkenstock Holding (BIRK): prices 32.3 mln share IPO at $46, slightly below the midpoint of the $44-$49 expected price range, according to the Wall Street Journal

    #66437
    Truman
    Participant

    Boeing (BA 195.00, +1.47, +0.8%): UBS initiated coverage with a Buy rating

    CAVA Group (CAVA 33.21, +1.13, +3.5%): upgraded to Overweight from Equal-Weight at Morgan Stanley

    #66438
    Truman
    Participant

    US MBA mortgage applications w/e 6 October +0.6% v -6.0% prior
    Market index 179.3 vs 178.2 prior
    Purchase index 137.5 vs 136.6 prior
    Refinance index 385.8 vs 384.6 prior

    #66439
    Truman
    Participant
    #66440

    Dow 33,804.87 65.57 0.19%
    S&P 500 4,376.95 18.71 0.43%
    Nasdaq 13,659.68 96.83 0.71%
    VIX 16.09 -0.94 -5.52%
    Gold 1,887.70 12.40 0.66%
    Oil 83.62 -2.35 -2.73%

    #66452

    SOLAR ECLIPSE OCT 14th – SAT morning (around noon) 🙂
    https://www.spaceweather.com/

    #66457

    Social Security’s COLA for 2024 is 3.2% vs. last year’s historic 8.7% inflation-fueled adjustment

    Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year’s record-setting increase. Social Security beneficiaries will see a 3.2% boost to their benefits in 2024, the Social Security Administration announced on Thursday.

    #66458
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note as sovereign yields continued dipping from their recent highs.

    Japan’s Nikkei: +1.8%,
    Hong Kong’s Hang Seng: +1.9%,
    China’s Shanghai Composite: +0.9%,
    India’s Sensex: -0.1%,
    South Korea’s Kospi: +1.2%,
    Australia’s ASX All Ordinaries: +0.1%.

    #66459
    Truman
    Participant

    Japan’s September PPI -0.3% m/m (expected 0.1%; last 0.3%); 2.0% yr/yr (expected 2.3%; last 3.3%).
    September Bank Lending 2.9% yr/yr (expected 3.1%; last 3.1%).
    August Core Machinery Orders -0.5% m/m (expected 0.4%; last -1.1%); -7.7% yr/yr (expected -7.3%; last -13.0%)
    .
    Japan’s government plans to step up investment into domestic chipmakers.

    #66460
    Truman
    Participant

    Australia’s October MI Inflation Expectations 4.8% (last 4.6%)

    New Zealand’s September FPI -0.4% m/m (last 0.5%)

    #66461
    Truman
    Participant

    China’s Sovereign Wealth Fund increased its investments in top domestic banks, though the increase was seen as just a symbolic show of faith.

    China Securities Regulatory Commission prohibited domestic brokerages from accepting new clients for offshore trading.

Viewing 15 posts - 31 through 45 (of 71 total)
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