Traders Market Weekly: Naive Markets and The Fed Fortune Tellers

Viewing 15 posts - 76 through 90 (of 102 total)
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  • #65785
    Truman
    Participant

    Australia’s Manufacturing PMI remained in contraction for the seventh consecutive month in the flash reading for September while Japan’s Manufacturing PMI was in contractionary territory for the fourth month in a row.

    Japan’s National CPI 3.2% yr/yr (last 3.3%) and National Core CPI 3.1% yr/yr (expected 3.0%; last 3.1%).
    Flash September Manufacturing PMI 48.6 (expected 49.9; last 49.6) and flash Services PMI 53.3 (last 54.3)

    Australia’s flash September Manufacturing PMI 48.2 (last 49.6) and flash Services PMI 50.5 (last 47.8)

    #65786
    Truman
    Participant

    New Zealand’s Q3 Westpac Consumer Sentiment 80.2 (last 83.1).
    August trade deficit NZD2.29 bln (last deficit of NZD1.18 bln)

    #65787
    Truman
    Participant

    Chevron appears to be nearing a contract agreement with striking LNG workers.

    #65788
    Truman
    Participant

    The Bank of Japan made no changes to its policy stance. Bank of America expects negative interest rate and yield curve control policies to be ended early next year.

    Yen Falls Further After Bank of Japan No Change to Monetary Policy or Forward Guidance

    #65789
    Truman
    Participant

    Central banks in Philippines and Indonesia made no changes to their policy rates.

    #65790
    Truman
    Participant

    Major European indices trade on a mostly lower note while the U.K.’s FTSE (+0.6%) outperforms with financials contributing to the strength.

    STOXX Europe 600: -0.2% (-1.8% week-to-date),
    Germany’s DAX: -0.1% (-2.1% week-to-date),
    U.K.’s FTSE 100: +0.6% (+0.2% week-to-date),
    France’s CAC 40: -0.5% (-2.7% week-to-date),
    Italy’s FTSE MIB: -0.4% (+0.1% week-to-date),
    Spain’s IBEX 35: -0.2% (+0.5% week-to-date).

    #65791
    Truman
    Participant

    Eurozone’s flash September Manufacturing PMI 43.4 (expected 44.0; last 43.5) and flash Services PMI 48.4 (expected 47.7; last 47.9)
    Germany’s flash September Manufacturing PMI 39.8 (expected 39.5; last 39.1) and flash Services PMI 49.8 (expected 47.2; last 47.3)
    U.K.’s flash September Manufacturing PMI 44.2 (expected 43.0; last 43.0) and flash Services PMI 47.2 (expected 49.2; last 49.5).
    France’s flash September Manufacturing PMI 43.6 (expected 46.0; last 46.0) and flash Services PMI 43.9 (expected 46.0; last 46.0)

    #65792
    Truman
    Participant

    U.K.’s September CBI Industrial Trends Orders -18 (expected -18; last -15).
    August Retail Sales 0.4% m/m (expected 0.5%; last -1.1%); -1.4% yr/yr (expected -1.2%; last -3.1%).
    August Core Retail Sales 0.6% m/m, as expected (last -1.4%); -1.4% yr/yr (expected -1.3%; last -3.3%)

    #65793
    Truman
    Participant

    Spain’s Q2 GDP 0.5% qtr/qtr (expected 0.4%; last 0.6%); 2.2% yr/yr (expected 1.8%; last 4.2%)

    #65794
    Truman
    Participant

    Barclays lowered its terminal rate forecast for the Bank of England to 5.25% from 5.50%, expecting the BoE to remain at the peak rate until the middle of next year.

    Citigroup sees only a 35% chance of another rate hike.

    Bank of England Maintains Interest Rates at 5.25%, Higher for Longer, Increases QT Pace

    #65795
    Truman
    Participant

    Flash September Manufacturing and Services PMI readings from France showed an accelerating contraction, stoking fears about the strength of near-term growth.

    #65796
    Truman
    Participant

    McDonald’s (MCD 273.44, +2.22, +0.8%): plans to up franchise royalty fees across its U.S. restaurants from 4% to 5% for operators opening new locations, according to CNBC

    #65797
    Truman
    Participant

    Squarespace (SQSP 28.15, +0.65, +2.4%): UBS initiated coverage with a Buy rating

    #65798
    Truman
    Participant

    Apple (AAPL 174.76, +0.83, +0.5%): new iPhone 15 goes on sale today

    #65799
    Truman
    Participant

    Activision Blizzard (ATVI 94.09, +1.73, +1.9%): UK CMA says it may approve updated Microsoft (MSFT) and Activision Blizzard (ATVI) deal

Viewing 15 posts - 76 through 90 (of 102 total)
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