Traders Market Weekly: Geopolitics, ECB and Apple

Viewing 13 posts - 46 through 58 (of 58 total)
  • Author
    Posts
  • #42857

    Dow 31,656.42 145.99 0.46%
    S&P 500 3,966.85 11.85 0.30%
    Nasdaq 11,785.13 -31.08 -0.26%
    GlobalDow 3,491.63 -39.42 -1.12%
    Gold 1,706.80 -19.40 -1.12%
    Oil 86.43 -3.12 -3.48%
    BITCOIN 20,019

    #42859

    Presidential address will be at 8pm Eastern
    (or you can listen to one of worlds best produced rock album as alternative – lol 🙂

    #42912
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Friday little changed

    It was a losing week overall for the major Asian indices, as investor sentiment was undercut by growth concerns, weakening currencies, and the poor performance of other foreign markets.

    Japan’s Nikkei: -0.04% (-3.4% for the week)
    Hong Kong’s Hang Seng: -0.7% (-3.6% for the week)
    China’s Shanghai Composite: -0.05% (-1.5% for the week)
    India’s Sensex: +0.06% (-0.05% for the week)
    South Korea’s Kospi: -0.3% (-2.9% for the week)
    Australia’s ASX All Ordinaries: -0.3% (-3.9% for the week)

    #42913
    Truman
    Participant

    South Korea reported a softer-than-expected CPI print for August, but the Bank of Korea said it expects inflation to remain at 5.0-6.0% for an extended period.
    The yen continues to weaken against dollar, taking out the 140 level and trading at a 24-year low against the greenback.
    Chengdu remains in lockdown for Covid testing while parts of Shenzhen are also in lockdown, according to Bloomberg.
    China set the yuan reference rate at 6.8917, which is the weakest since August 2020.
    South Korea’s August CPI -0.1% month-over-month (+0.3% expected; last +0.5%) and +5.7% year-over-year (+6.1% expected; last +6.3%)
    Japan’s Monetary Base +0.4% year-over-year (+3.1% expected; last +2.8%)

    #42914
    Truman
    Participant

    Major European indices have traded with a positive bias in front of the U.S. employment report

    The upside move today comes despite eurozone PPI hitting a record high 37.9% year-over-year in July. According to a Bloomberg survey, most economists expect the ECB to raise its key lending rate by 75 basis points at next week’s meeting.

    —Equity Markets—

    STOXX Europe 600: +1.0%
    Germany’s DAX: +2.1%
    U.K.’s FTSE 100: +1.3%
    France’s CAC 40: +1.3%
    Italy’s FTSE MIB: +1.7%
    Spain’s IBEX 35: +0.7%

    #42915
    Truman
    Participant

    The upside move today comes despite eurozone PPI hitting a record high 37.9% year-over-year in July. According to a Bloomberg survey, most economists expect the ECB to raise its key lending rate by 75 basis points at next week’s meeting.
    Germany put up some soft trade numbers for July, adding to concerns about a potential recession brewing for the eurozone.
    The London Times reports that UK Chancellor Zahawi is pushing for some business support measures that were used during the Covid pandemic. EUR/USD +0.4% to 0.9988.
    Eurozone’s July PPI +4.0% month-over-month (+2.5% expected; last +1.3%) and +37.9% year-over-year (+35.8% expected; last +36.0%)
    Germany’s July exports -2.1% month-over-month (-2.3% expected; last +4.2%) and imports -1.5% month-over-month (+0.8% expected; last +0.1%)

    #42916
    Truman
    Participant

    Starbucks (SBUX 85.48, +0.08, +0.09%): confirms Laxman Narasimhan as next CEO, effective April 2023; will be incoming CEO on October 1, 2022
    lululemon athletica (LULU 322.64, +28.19, +9.57%): beats by $0.34, beats on revs; guides OctQ EPS above consensus, revs above consensus; guides FY23 EPS above consensus, revs above consensus
    PagerDuty (PD 25.51, +1.41, +5.85%): beats by $0.04, beats on revs; guides Q3 EPS above consensus, revs in-line; guides FY23 EPS above consensus, revs in-line
    Broadcom (AVGO 502.35, +10.34, +2.10%): beats by $0.18, reports revs in-line; guides OctQ revs above consensus
    Amazon (AMZN 127.44, -0.38, -0.30%): A labor official believes Amazon (AMZN) union victory at New York location should be upheld, according to The Wall Street Journal
    Dow (DOW 49.33, -0.63, -1.26%): downgraded to Neutral from Overweight at JP Morgan
    Smartsheet (SMAR 30.90, +0.08, +0.26%): beats by $0.10, beats on revs; guides Q3 EPS in-line, revs below consensus; guides FY23 EPS above consensus, revs below consensus

    #42917
    Truman
    Participant

    Smartsheet Inc. (SMAR 34.89, +4.07, +13.21%) and PagerDuty (PD 24.42, +0.32, +1.31%) are making upside moves after reporting quarterly results.

    Treasury yields have lifted off their lows with the 2-yr note yield down nine basis points to 3.44% while the 10-yr note yield is down four basis points to 3.23%.

    #42926

    #42927

    #42928

    #42929

    Dow 31,318.44 -337.98 -1.07%
    S&P 500 3,924.26 -42.59 -1.07%
    Nasdaq 11,630.86 -154.26 -1.31%
    GlobalDow 3,499.12 8.24 0.24%
    Gold 1,721.50 12.20 0.71%
    Oil 87.01 0.40 0.46%

    #42670

    September 4 -10, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image: I
    [See the full post at: Traders Market Weekly: Geopolitics, ECB and Apple]

Viewing 13 posts - 46 through 58 (of 58 total)
  • You must be logged in to reply to this topic.