Traders Market Weekly: Naive Markets and The Fed Fortune Tellers

Viewing 15 posts - 31 through 45 (of 102 total)
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  • #65637
    Truman
    Participant

    Standard & Poor’s affirmed Australia’s AAA rating with a Stable outlook.

    Australia’s August MI Leading Index 0.0% m/m (last 0.0%)

    New Zealand’s Q2 Current Account deficit 7.5% of GDP (last 8.5% of GDP)

    #65638
    Truman
    Participant

    Japan’s August trade deficit JPY560 bln, as expected (last deficit of JPY600 bln).
    August Imports -17.8% yr/yr (expected -19.4%; last -13.6%)
    Exports -0.8% yr/yr (expected -1.7%; last -0.3%)

    South Korea’s August PPI 0.9% m/m (last 0.3%); 1.0% yr/yr (last -0.3%)

    #65639
    Truman
    Participant

    Major European indices trade up

    There is growing speculation that the Bank of England will refrain from hiking again at tomorrow’s policy meeting after the release of cooler than expected inflation figures for August.

    European Central Bank policymaker Schnabel said that unit labor costs are the largest driver of domestic inflation while policymaker Panetta spoke in favor of countercyclical fiscal policy that would foster public investment.

    —Equity Markets—

    STOXX Europe 600: +0.7%
    Germany’s DAX: +0.7%
    U.K.’s FTSE 100: +0.8%
    France’s CAC 40: +0.5%
    Italy’s FTSE MIB: +1.4%
    Spain’s IBEX 35: +1.3%

    #65640
    Truman
    Participant

    Eurozone’s July Construction Output 0.8% m/m (last -1.2%)
    Germany’s August PPI 0.3% m/m (expected 0.2%; last -1.1%); -12.6% yr/yr, as expected (last -6.0%)

    #65641
    Truman
    Participant

    U.K.’s August CPI 0.3% m/m (expected 0.7%; last -0.4%); 6.7% yr/yr (expected 7.0%; last 6.8%).
    Core CPI 0.1% m/m (expected 0.6%; last 0.3%); 6.2% yr/yr (expected 6.8%; last 6.9%)
    Input PPI 0.4% m/m (expected 0.2%; last -0.4%)
    Output PPI 0.2% m/m (expected 0.1%; last 0.2%)

    #65642
    Truman
    Participant

    Ford (F 12.61, +0.05, +0.4%): Canadian auto workers union Unifor confirmed yesterday they have reached tentative agreement on new national labor contract

    #65643
    Truman
    Participant

    The weekly MBA Mortgage Applications Index rose 5.4% with refinance applications jumping 13.0% and purchase applications increasing 2.0%.

    #65644
    Truman
    Participant

    IBM (IBM 147.50, +0.98, +0.7%): initiated with an Outperform at RBC Capital Mkts

    Pinterest (PINS 27.17, +0.96, +3.7%): authorizes $1 bln stock repurchase program; upgraded to Buy from Neutral at both Citigroup and DA Davidson

    #65645
    Truman
    Participant

    Klaviyo (KVYO) has priced its initial public offering at $30 per share, above the expected $27-29 range, according to CNBC.

    #65646
    Truman
    Participant

    ARS Pharmaceuticals (SPRY 2.73, -3.88, -58.7%): receives Complete Response Letter from FDA for neffy NDA

    #65647
    Truman
    Participant

    JPMorgan Chase (JPM 149.10, +0.17, +0.1%): increases quarterly dividend by 5% to $1.05/sh

    #65648
    Truman
    Participant

    General Mills (GIS 66.45, +0.57, +0.9%): beats by $0.06, reports revs in-line; reaffirms FY24 EPS guidance

    #65649
    Truman
    Participant

    Coty (COTY 12.13, +0.66, +5.8%): raises FY24 outlook

    #65669

    Dow 34,440.88 -76.85 -0.22%
    S&P 500 4,402.20 -41.75 -0.94%
    Nasdaq 13,469.13 -209.06 -1.53%
    VIX 15.14 1.03 7.30%
    Gold 1,951.30 -2.40 -0.12%
    Oil 90.27 -0.93 -1.02%

    While FOMC did not raise rates – they shared a wall of worry as stocks sold off a little
    Union strikes, GOVT shutdown, $100 OIL, etc. are factors beyond inflation alone
    Some great “techno/synthesizer tunes to take tensions away

    #65709
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Thursday on a lower note.

    Japan’s Nikkei: -1.4%,
    Hong Kong’s Hang Seng: -1.3%,
    China’s Shanghai Composite: -0.8%,
    India’s Sensex: -0.9%,
    South Korea’s Kospi: -1.8%,
    Australia’s ASX All Ordinaries: -1.3%.

Viewing 15 posts - 31 through 45 (of 102 total)
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