Traders Market Weekly: Markets Await Big Bankers Earnings

Viewing 15 posts - 31 through 45 (of 48 total)
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  • #35416

    and bonus tunes — TWO for TUESDAY 🙂

    #35418
    TradersCom
    Keymaster

    Love me Summer music from the Beach Boys ….

    #35443
    Truman
    Participant

    China’s March trade surplus $47.38 bln (expected surplus of $22.40 bln; last surplus of $115.95 bln). March Imports -0.1% yr/yr (expected 8.0%; last 15.5%) and Exports 14.7% yr/yr (expected 13.0%; last 16.3%)
    Japan’s February Core Machinery Orders -9.8% m/m (expected -1.5%; last -2.0%); 4.3% yr/yr (expected 14.5%; last 5.1%). April Reuters Tankan Index 11 (last 8)
    South Korea’s March Unemployment Rate 2.7% (last 2.7%)
    Australia’s Westpac Consumer Sentiment -0.9% (last -4.2%)
    New Zealand’s March FPI 0.7% m/m (last -0.1%)
    Japan’s Prime Minister Kishida said that the supply of power will be “tight” in the summer and winter. A
    former Bank of Japan governor warned that recent weakness in the yen will benefit large companies and will not be welcomed by small companies or households.
    The Reserve Bank of New Zealand raised its official cash rate by 50 bps to 1.50% against expectations for a 25 bps hike.

    #35444
    Truman
    Participant

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

    Japan’s Nikkei: +1.9%
    Hong Kong’s Hang Seng: +0.3%
    China’s Shanghai Composite: -0.8%
    India’s Sensex: -0.4%
    South Korea’s Kospi: +1.9%
    Australia’s ASX All Ordinaries: +0.5%.

    #35445
    Truman
    Participant

    U.K.’s March CPI 1.1% m/m (expected 0.7%; last 0.8%); 7.0% yr/yr (expected 6.7%; last 6.2%). March Core CPI 0.9% m/m (expected 0.5%; last 0.8%); 5.7% yr/yr (expected 5.4%; last 5.2%). March Input PPI 5.2% m/m (expected 2.5%; last 1.8%) and Output PPI 2.0% m/m (expected 1.2%; last 0.9%)
    Italy’s February Industrial Production 4.0% m/m (expected 1.4%; last -3.4%); 3.3% yr/yr (expected 0.7%; prior -2.7%)
    Spain’s March CPI 3.0% m/m, as expected (last 0.8%); 9.8% yr/yr, as expected (last 7.6%)
    U.K.’s inflation remained above target for the eighth consecutive month, accelerating to the fastest rate since 1992.
    Finland lowered its 2022 growth forecast to 1.5% from 2.9%.
    Hungary’s finance minister said that this year’s growth pace is uncertain but the country’s economy remains on an upward trajectory.

    #35446
    Truman
    Participant

    Major European indices trade near their flat lines while Germany’s DAX (-0.8%) underperforms.

    STOXX Europe 600: -0.1%
    Germany’s DAX: -0.8%
    U.K.’s FTSE 100: +0.1%
    France’s CAC 40: -0.3%
    Italy’s FTSE MIB: -0.3%
    Spain’s IBEX 35: +0.3%

    #35447
    Truman
    Participant

    JPMorgan Chase (JPM 130.00, -1.54): -1.2% after missing EPS estimates. The provision for credit losses was $1.5 billion, reflecting a net reserve build of $902 million. CEO Jamie Dimon said, “we remain optimistic on the economy, at least for the short term … but see significant geopolitical and economic challenges ahead due to high inflation, supply chain issues and the war in Ukraine.”
    BlackRock (BLK 719.00, +2.17): +0.3% after beating EPS estimates on below-consensus revenue.
    First Republic Bank (FRC 155.73, +0.68): +0.4% after beating EPS estimates. The bank also announced an increase of $0.05 in its quarterly cash dividend to $0.27 per share.
    Delta Air Lines (DAL 40.97, +2.35): +6.1% after beating top and bottom-line estimates. The company guided Q3 (Sep) revenue below consensus.
    Fastenal (FAST 59.20, +1.51): +2.6% after beating EPS estimates.

    #35460

    Dow 34,564.59 344.23 1.01%
    S&P 500 4,446.59 49.14 1.12%
    Nasdaq 13,643.59 272.02 2.03%
    GlobalDow 4,046.66 28.32 0.70%
    Gold 1,980.70 4.60 0.23%
    Oil 104.28 3.68 3.66%

    #35486
    Truman
    Participant

    China’s March FDI 25.6% (last 37.9%)
    South Korea’s March Import Price Index 35.5% yr/yr (last 30.7%) and Export Price Index 22.8% yr/yr (last 20.5%)
    Singapore’s Q1 GDP 0.4% qtr/qtr (expected 2.0%; last 2.3%); 3.4% yr/yr (expected 3.8%; last 6.1%)
    Australia’s March Employment Change 17,900 (expected 40,000; last 77,400) and full employment change 20,500 (last 121,900). March Unemployment Rate 4.0% (expected 3.9%; last 4.0%) and March Participation Rate 66.4% (expected 66.5%; last 66.4%)
    New Zealand’s March Business NZ PMI 53.8 (last 53.6)
    Some policymakers in Japan are arguing in favor of building bigger budget reserves and diversifying procurement channels for raw metals.
    Some of Hong Kong’s coronavirus restrictions will be lifted on April 21.
    Australia reported a smaller than expected increase in employment.
    The Bank of Korea raised its base rate by 25 bps to 1.50% against expectations for no change while the Monetary Authority of Singapore tightened policy for the third time in the past six months.

    #35487
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note while India’s Sensex was closed for a holiday.

    Japan’s Nikkei: +1.2%
    Hong Kong’s Hang Seng: +0.7%
    China’s Shanghai Composite: +1.2%
    India’s Sensex: CLOSED
    South Korea’s Kospi: UNCH
    Australia’s ASX All Ordinaries: +0.7%.

    #35488
    Truman
    Participant

    Germany’s March WPI 6.9% m/m (last 1.7%); 22.6% yr/yr (last 16.6%)
    Swiss March PPI 0.8% m/m (expected 1.1%; last 0.4%); 6.1% yr/yr (last 5.8%)
    Volkswagen reported an improvement in Q1 profit.
    The European Central Bank (ECB) made no changes to interest rates, as expected, and said incoming data since its last meeting reinforced expectations for net asset purchases under the APP should be concluded in the third quarter.
    ECB President Lagarde could set the stage for tightening later in the year during her press conference at 8:30 ET.
    Regional markets will be closed for Good Friday tomorrow.

    #35489
    Truman
    Participant

    Major European indices trade in the green.

    STOXX Europe 600: +0.3% (-0.6% week-to-date)
    Germany’s DAX: +0.4% (-0.5% week-to-date)
    U.K.’s FTSE 100: UNCH (-1.2% week-to-date)
    France’s CAC 40: +0.5% (+0.4% week-to-date)
    Italy’s FTSE MIB: +0.2% (-0.2% week-to-date)
    Spain’s IBEX 35: +0.3% (+0.4% week-to-date).

    #35490
    Truman
    Participant

    UnitedHealth (UNH 539.80, +2.80): +0.5% after beating top and bottom-line estimates and slightly raising its FY22 EPS guidance.
    Wells Fargo (WFC 46.88, -1.66): -3.4% after beating EPS estimates on below-consensus revenue.
    Morgan Stanley (MS 85.30, +1.17): +1.6% after beating top and bottom-line estimates.
    Goldman Sachs (GS 328.68, +6.71): +2.1% after beating top and bottom-line estimates.
    Twitter (TWTR 49.09, +3.22): +7.0% after Elon Musk offered to buy 100% of the company for $54.20 per share in cash. Twitter said it will carefully review the proposal.

    #35491
    Truman
    Participant

    Retail sales rose 0.5% m/m in March (Briefing.com consensus 0.6%), while the increase from February was revised to 0.8% from 0.3%. Excluding autos, retail sales rose 1.1% m/m in March (consensus 0.9%), while the increase from February was revised to 0.6% from 0.2%.

    #35492
    Truman
    Participant

    Import prices rose 2.6% in March after increasing 1.6% in February. Excluding oil, import prices rose 1.2% after increasing 0.7% in February.

    Export prices rose 4.5% after increasing 3.0% in February. Excluding agriculture, export prices also rose 4.5% after increasing 3.0% in February.

Viewing 15 posts - 31 through 45 (of 48 total)
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