Traders Market Weekly: Brand New Year, what is Ahead?

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Viewing 15 posts - 31 through 45 (of 69 total)
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  • #69512
    Truman
    Participant

    Hapag-Lloyd will stick to the longer shipping route around the Suez Canal for at least a few more days.

    #69513
    Truman
    Participant

    Major European indices trade just below their flat lines amid light volume as the end of 2023 approaches.
    STOXX Europe 600: UNCH,
    Germany’s DAX: -0.2%,
    U.K.’s FTSE 100: -0.1%,
    France’s CAC 40: -0.4%,
    Italy’s FTSE MIB: -0.1%,
    Spain’s IBEX 35: -0.2%.

    #69514
    Truman
    Participant

    France’s
    November jobseeker total 2.827 mln (last 2.821 mln)

    Spain’s
    November Retail Sales 5.2% yr/yr (last 5.3%)

    #69515
    Truman
    Participant

    European Central Bank policymaker Holzmann said that it is too early to think about rate cuts and there is no guarantee of cuts starting in 2024.

    #69516
    Truman
    Participant

    British Chancellor Hunt will present the Spring Budget on March 6.

    #69517
    Truman
    Participant

    Apple (AAPL 193.70, +0.54, +0.3%): Watch Series 9 and Ultra 2 will be available online as of 12:00 PM Pacific time today following import ban pause, according to ABC News

    #69518
    Truman
    Participant

    NetEase (NTES 89.82, +2.20, +2.5%): trading up pre-open after China’s government softened its rhetoric surrounding online gaming restrictions.

    #69519
    Truman
    Participant

    3M (MMM 108.56, -0.18, -0.2%): reports that Combat Arms Earplugs settlement implementation reaches next milestone; On December 26, company made a $250 mln payment to the Qualified Settlement Fund

    #69520
    Truman
    Participant

    General Motors (GM 36.10, +0.02, +0.1%): files lawsuit against San Francisco for $121 bln in back taxes, according to Reuters

    #69521
    Truman
    Participant

    Sociedad Quimica y Minera (SQM 64.85, +3.88, +6.4%): reaches MoU with CODELCO for the operation and development of the Salar de Atacama

    #69522
    Truman
    Participant

    Travelers (TRV 188.99, +0.37, +0.2%) initiated with a Hold at HSBC Securities

    #69523
    Truman
    Participant

    S&P 500 futures are up eight points and are trading 0.1% above fair value,
    Nasdaq 100 futures are up 45 points and are trading 0.2% above fair value,
    Dow Jones Industrial Average futures are down 45 points and are trading 0.1% below fair value.

    #69524
    Truman
    Participant

    Weekly initial jobless claims totaled 218,000 (consensus 207,000) after last week’s revised count of 206,000 (from 205,000). Continuing claims came in at 1.875 million after last week’s revised total of 1.861 million (from 1.865 million).

    The trade deficit widened to $90.3 billion in the advance reading for November from $89.6 billion in October (revised from $89.8).

    Retail inventories fell 0.1% in the advance reading for November after a 0.1% decline in October (revised from 0.0%).

    Wholesale inventories fell 0.2% in the advance reading for November after a 0.3% decline in October (revised from -0.2%).

    #69525
    Truman
    Participant

    Morning Market
    Dow 37705.82 +49.30 (0.13%)
    Nasdaq 15123.04 +23.86 (0.16%)
    SP 500 4788.14 +6.56 (0.14%)
    10-yr Note -3/32 3.835
    NYSE Adv 1344 Dec 1404 Vol 181 mln
    Nasdaq Adv 2204 Dec 1935 Vol 2.9 bln

    Industry Watch
    Strong: Utilities, Health Care, Information Technology, Financials, Communication Services
    Weak: Energy, Materials, Consumer Discretionary, Real Estate

    Moving the Market
    — Lack of strong directional drivers resulting in mixed, modest moves

    — Treasury yields moving slightly higher after sliding yesterday

    — Reacting to this morning’s economic data

    — S&P 500 trading just below its all-time closing high

    #69526
    Truman
    Participant

    The 10-yr note yield is moving higher. It was at 3.81% a short time ago, but moved to 3.83%.
    The 2-yr note yield is up four basis points from yesterday at 4.27%.
    US Dollar index is up 0.1% to 101.11 after sliding this week.
    WTI crude oil futures are down 1.0% to $73.36/bbl.

    S&P 500 sector performance also reflects a mixed market now.

    The energy sector extended its loss, trading down 0.7%.
    The materials (-0.3%) and consumer discretionary (-0.2%) sectors are also underperforming the broader market.

Viewing 15 posts - 31 through 45 (of 69 total)
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