Traders Market Weekly: Doing OK After September Gloom, Shutdowns, Strikes & Rates?

Viewing 15 posts - 31 through 45 (of 78 total)
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  • #65992
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note.

    Japan’s Nikkei: +0.2%,
    Hong Kong’s Hang Seng: +0.8%,
    China’s Shanghai Composite: +0.2%,
    India’s Sensex: +0.3%,
    South Korea’s Kospi: +0.1%,
    Australia’s ASX All Ordinaries: -0.1%.

    The People’s Bank of China injected liquidity and pledged to step up policy coordination in Q3.
    There was continued focus on Evergrande as offshore creditors joined a petition to wind up the company if there is no restructuring plan by the end of October.

    #65993
    Truman
    Participant

    Japan’s July Leading Index -0.6% m/m (expected -1.2%; last -0.2%) and Coincident Indicator -1.4% m/m (expected -1.1%; last 0.8%)
    The Bank of Japan’s Minutes from the July meeting showed an agreement to continue easing and watching for continued wage growth in the coming years.

    #65994
    Truman
    Participant

    Thailand’s central bank unexpectedly raised its policy rate by 25 bps to 2.50%.

    #65995
    Truman
    Participant

    China’s August Industrial Profit -11.7% YTD (last -15.5%)

    South Korea’s October Manufacturing BSI Index 68 (last 67)

    Australia’s August Weighted Mean CPI 5.2% yr/yr, as expected (last 4.9%)

    T

    #65996
    Truman
    Participant

    Major European indices trade near their flat lines.

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

    #65997
    Truman
    Participant

    Norway’s Equinor received approval from British regulators to develop an oil and gas project in the North Sea.

    #65998
    Truman
    Participant

    Eurozone’s August M3 Money Supply -1.3% yr/yr (expected -1.0%; last -0.4%),
    August private sector loans 1.0% yr/yr (expected 1.2%; last 1.3%)
    Loans to nonfinancials 0.6% (last 2.2%)

    Eurozone’s M3 Money Supply decreased at its fastest pace on record in the August reading.

    #65999
    Truman
    Participant

    Germany’s October GfK Consumer Climate -26.5 (expected -26.0; last -25.6)

    France’s September Consumer Confidence 83 (expected 84; last 85)

    Swiss September ZEW Expectations -27.6 (last -38.6)

    European Central Bank policymaker Elderson said that rates have not peaked yet and there is still a lot of uncertainty.

    #66000
    Truman
    Participant

    Costco (COST 544.51, -8.45, -1.5%): beats by $0.07, beats on revs, total adjusted comparable sales of +3.8%
    Hayward Holdings (HAYW 14.61, +1.20, +9.0%): will replace Civitas Resources in the S&P SmallCap 600, effective prior to the opening of trading on Friday, September 29.
    MillerKnoll (MLKN 22.37, +3.22, +16.8%): beats by $0.16, beats on revs; guides NovQ EPS above consensus, revs in-line; guides FY24 EPS above consensus
    AAR Corp (AIR 60.57, +1.35, +2.3%) beats by $0.08, beats on revs
    Progress Software (PRGS 53.92, -1.45, -2.6%): beats by $0.08, beats on revs; guides NovQ EPS below consensus, revs in-line

    #66001
    Truman
    Participant

    Ginkgo Bioworks (DNA 1.95, +0.22, +12.7%): announces a collaboration with Pfizer (PFE) focused on the discovery of RNA-based drug candidates

    #66002
    Truman
    Participant

    Jabil (JBL 105.50, +0.50, +0.5%): sells its Mobility Business for $2.2 bln

    #66003
    Truman
    Participant

    ChargePoint (CHPT 5.03, +0.18, +3.7%): UBS initiated coverage with a Buy rating
    Mattel (MAT 21.73, +0.51, +2.4%): Morgan Stanley initiated coverage with an Overweight rating

    #66004
    Truman
    Participant

    Adobe (ADBE 508.00, +1.70, +0.3%): EU regulators request more information about Adobe’s planned acqusition of Figma, according to Reuters

    #66006

    Markets continue to look for a glimmer of hope – as shutdown/inflation raise risk probabilities
    So far, relatively flat & BOND funds have not done well in past year or so with rising FED rates (flat returns)

    https://investor.vanguard.com/investment-products/mutual-funds/profile/vbtlx

    #66007
    Truman
    Participant

    US MBA mortgage applications fall after last week’s pop

    w/e 22 September -1.3% vs +5.4% prior
    Market index 189.6 vs 192.1 prior
    Purchase index 144.8 vs 147.0 prior
    Refinance index 411.7 vs 415.4 prior
    30-year mortgage rate 7.41% vs 7.31% prior

Viewing 15 posts - 31 through 45 (of 78 total)
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