Traders Market Weekly: Valuation Matters in Earnings Season

Viewing 9 posts - 61 through 69 (of 69 total)
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  • #40269
    Truman
    Participant

    Major European indices trade on a higher note despite the renewed uncertainty surrounding Italy’s political leadership after the country’s president refused to accept the resignation of Prime Minister Draghi.

    STOXX Europe 600: +0.8% (-1.8% week-to-date),
    Germany’s DAX: +1.8% (-2.1% week-to-date),
    U.K.’s FTSE 100: +1.0% (-1.2% week-to-date),
    France’s CAC 40: +0.7% (-1.3% week-to-date),
    Italy’s FTSE MIB: +1.4% (-4.3% week-to-date),
    Spain’s IBEX 35: +1.3% (-2.4% week-to-date).

    #40270
    Truman
    Participant

    The list of contenders to lead the U.K.’s conservative party has been narrowed down to five candidates.
    European car sales in June were at their lowest level for the same month since 1996.

    #40271
    Truman
    Participant

    Eurozone’s May trade deficit EUR26.30 bln (last deficit of EUR32.80 bln)
    Italy’s June CPI 1.2% m/m, as expected (last 1.2%); 8.0% yr/yr, as expected (last 8.0%)

    #40272
    Truman
    Participant

    The S&P 500 futures are up 7 points and are trading 0.1% above fair value.
    The Nasdaq 100 futures are up 32 points and are trading 0.3% above fair value.
    The Dow Jones Industrial Average futures are up 151 points and are trading 0.5% above fair value.

    #40273
    Truman
    Participant

    WTI crude oil futures are on the rise ahead of the open, up 1.6% to $97.26/bbl.
    Unleaded gasoline futures are up 1.8% to $3.24/gal.
    Natural gas futures are going against the energy complex grain, down 1.6% to $6.41/mmbtu.

    #40274
    Truman
    Participant

    Treasury yields are pulling back this morning.

    The 2-yr note yield is down one basis point to 3.11% while the 10-yr note yield is down two basis points to 2.94%.

    #40275
    Truman
    Participant

    2-yr: -2 bps to 3.10%
    3-yr: -2 bps to 3.13%
    5-yr: -3 bps to 3.03%
    10-yr: -2 bps to 2.94%
    30-yr: -1 bp to 3.09%

    #40276
    Truman
    Participant

    West Virginia Senator Manchin indicated opposition to raising taxes and increasing climate-related spending.

    #40306

    RALLY TIME DOOMERS … DOW +600 due to strong CONSUMER spending report
    where it points to possibly a light recession (or none at all) when we see 2Q 2022 GDP later
    FED will likely do at least 75 points when they meet later in month

Viewing 9 posts - 61 through 69 (of 69 total)
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