(Bloomberg) -- US equity futures were in holding mode as traders waited for the third-quarter earnings season to move into top gear, with the first of the “Magnificent Seven” big-tech giants — Google parent Alphabet Inc. — set to report later Tuesday.Most Read from BloombergThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictInside NYC’s Playbook for Getting Federal Grant FundsThe Tartarian CandidateA Courtyard Apartment Building Designed for Southwest SprawlBooming Camb
The latest investor updates on stocks that are trending on Tuesday.
Microsoft (MSFT) is at the forefront of the AI arms race, boasting an exceptional business model that consistently generates substantial and growing free cash flow. With the company’s current valuation appearing fair, now may be an opportune time to buy its shares. I have a 12-month price target of $482.40, while the average Wall Street price target is $503.27. Therefore, I am decidedly bullish on MSFT stock, both in the short and long term. Microsoft Should Not Be Underestimated in AI I am part
Apple is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent years toward the end of the company's annual release cycle, especially in China. The results will provide investors the first hints of demand for the latest iPhone 16 series, which was released a few days before the end of the company's fiscal fourth quarter. But the focus will be on executive commentary for its fiscal first quarter amid fears that releasing its Apple Intelligence features at a slow pace could dampen a much-awaited AI-led "super-cycle" for Apple's biggest seller.
On Monday, the release of iOS 18.1 brought Apple Inc.'s (NASDAQ:AAPL) new AI-powered features, known as Apple Intelligence, to iPhone ...
The Vanguard Mega Cap Growth Index Fund can be an ideal investment to allocate money to every month.
These two partners have less than two months to agree.
This exchange-traded fund offers exposure to the world's top artificial intelligence stocks.
Buffett's favorite investment these days isn't Apple -- or any other stock.
Sterling steady ahead of UK budget
Wall Street predicts double-digit gains for Amazon and Vistra shareholders.
Generative AI is altering consumer tech but faces challenges in monetisation due to low adoption rates and high costs. However, tech giants are investing in viable solutions.
↘️ Ford Motor (F): Shares dropped 6% in premarket trading after the automaker said adjusted annual profit would come in at the low end of guidance. 🔎 Boeing (BA): The plane maker priced its offering of 112.
Peer-to-peer payments are changing the retail landscape, with major names such as Starbucks and Walmart embracing the convenient and flexible payment option. According to a recent report by PYMNTS intelligence, 51% of consumers use P2P payments in the U.S.
Apple’s (AAPL) fourth-quarter report Thursday will be the first glimpse into sales since Apple unveiled its latest slate of iPhones and new artificial intelligence features, known as Apple Intelligence, at its annual event in early September — and Wall Street is expecting a strong quarter of yearly growth.
OpenAI CFO Sarah Friar revealed that a monumental 75% of the AI startup's revenue comes from consumer subscriptions to just one service ...
Stocks ticked up as investors look to crucial policy announcements in Labour's first budget.
This top beverage business represents 8.6% of Berkshire's portfolio.
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The stock Jones is buying could excel in the near term and down the road.
Halloween may be a tricky day or a treat for investors.
Microsoft Corp. (NASDAQ:MSFT) has accused Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google of orchestrating covert lobbying ...
The craziness continues with the markets gapping higher on Sunday's Globex openings creating a situation where the possibility that the ES and NQ were not finishing up minute 4th waves.
Earnings season has picked up notable steam over the last week, with a nice variety of companies delivering quarterly results. The Q3 cycle looks to be positive, underpinned by another robust showing from technology.
» Big Tech Has a Lot to Prove This Week. Why Mag 7 Earnings Will Matter for the Entire Stock Market.
‘Expectations are high. These names carry significant weight across the broader market,’ Ido Caspi, research analyst at Global X ETFs, told Barron’s.
Artificial intelligence will likely be a major theme in the upcoming set of corporate earnings, just as it has been in the past few quarters. The AI investment cycle looks to be here to stay. In the June quarter, megacaps such as Apple Meta Microsoft Amazon and Alphabet didn’t have typical stock reactions.
Apple Inc (NASDAQ:AAPL) is positioning itself for a significant market cap milestone as it plans to integrate new AI features and ...
(Bloomberg) -- Apple Inc.’s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.Most Read from BloombergInside NYC’s Playbook for Getting Federal Grant FundsThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictThe Tartarian CandidateA Courtyard Apartment Building Designed for Southwest SprawlBooming Cambridge Exposes England’s Widening Wealth GapThe US
BTC added 5% in the past 24 hours, CoinGecko data shows, breaking out of a key $70,000 resistance with $48 billion in trading volumes, or nearly double the volumes from Monday.
Across the globe, Asia is walking on eggshells. Markets are wobbling as political drama in Japan continues after the ruling coalition’s weak election performance, leaving the yen softer and Tokyo stocks on shaky ground.
NVIDIA will report its earnings next month, but big tech results this week could drive its shares higher since a significant portion of capital spending is directed toward its AI chips.
Remember when Apple blamed EU tech rules — and more specifically the Digital Markets Act — to justify the fact that Apple Intelligence wouldn’t be available in the European Union? Maybe that was just an attempt to turn EU users against their regulators as Apple Intelligence is coming to the EU in April 2025 along with local language support. Apple just released iOS 18.1 on Monday with the first set of smart features coming to recent iPhone, iPad, and Mac models. However, when Apple unveiled Appl
Google-parent Alphabet reports results amid fights on multiple fronts with regulators.
The tech giant's cloud strategy is successfully capturing AI demand.
Apple (AAPL) is set to report fiscal fourth quarter earnings on Thursday, October 31, amidst a busy week of tech announcements. The iPhone maker launched its Apple Intelligence features on Monday through its iOS 18.1 software update Investors are looking to see if the newly revealed Apple Intelligence will have a noticeable impact for the tech company. TECHnalysis Research president and chief analyst Bob O'Donnell joins Asking for a Trend to discuss. "As of today, it's Apple semi-Intelligence because we're not quite totally there yet," he explains. Despite rolling out features like Genmoji and text-writing capabilities, the company faces the same challenge as its competitors: "convincing consumers that this AI stuff matters." "Apple's going to really have to convince consumers that there is value in this capability, and it's going to take a long time," O'Donnell states. He doesn't anticipate seeing a significant AI impact in the company's upcoming earnings report. However, he believes that over the long term, these AI features will enhance the usability of Apple devices, and it will "kind of sneak up on us." Watch the video above to hear what O'Donnell says about Big Tech's capital expenditures on artificial intelligence. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith
AI investment hype has given way to a "show me the money" this earnings season.
Apple Intelligence launched on Monday, but the rollout is just a glimpse of how Apple hopes to transform its products with AI.
Tech giant Microsoft announced an initial investment of $1 billion to support three new data centers in Licking County, Ohio. The company on Oct. 28 confirmed construction of campuses in […]
US stocks (^DJI,^GSPC, ^IXIC) closed higher to start the week. The 10-year Treasury note yield (^TNX) hit 4.3% during the trading day, and settled at 4.28% at the market close, which could signal some trouble ahead for equities. As the market begins to rotate out of Big Tech, cyclicals could take the lead. Meanwhile, bitcoin (BTC-USD) edges near $70,000. Jared Blikre breaks down his top takeaways from the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
The artificial intelligence (AI) boom is reshaping the commercial real estate landscape as Big Tech companies pour unprecedented amounts into infrastructure expansion. Industry giants Amazon (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) have collectively invested $50 billion in AI-related initiatives in 2024 alone. Yahoo Finance Reporter Akiko Fujita analyzes how this aggressive AI expansion has led to tech giants competing for available land to build essential data centers, creating intense competition in the commercial real estate market. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith
Dow Jones Futures: Wall Street awaited big earnings reports from Alphabet, Apple and Microsoft. Nvidia and Tesla gave up their buy points Monday.
Five of the so-called “Magnificent Seven” stocks report over the course of this week, while we also receive key economic reports on Thursday and Friday. That’s quite a bit for markets to digest.
Alphabet is set to announce third quarter earnings to kick off a week of Big Tech results.
Bill Gates was a co-founder of Microsoft Corporation (NASDAQ:MSFT) and served as the company's first CEO, leading the company from 1975 ...
Wedbush maintained an Outperform rating on Apple stock with a $300 price target.
Apple's Proposed $20 Million Settlement Over Smartwatch Flaw Receives Preliminary Court Approval
Google-parent Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) will be reporting its third-quarter earnings on Wednesday. Wall Street expects ...
Apple (AAPL) released iOS 18.1, unveiling Apple Intelligence to some users. Oppenheimer’s senior analyst of emerging technologies and services, Martin Yang, joins Josh Lipton and Josh Schafer on Market Domination to discuss what the artificial intelligence (AI) focused update means for the iPhone maker just ahead of its quarterly earnings report. Yang explains that while “the 18.1 iOS and iPad updates were released today,” Apple Intelligence features are “not immediately accessible. You have to join the waitlist and then get notified to use the features.” “The rollout is gradual,” he says, adding, “It takes time to get global consumers or global iPhone and iPad users to access the feature. We don't know how the broad-based consumers will respond to those just yet.” Ahead of Apple’s earnings report on Thursday, the analyst outlines what he’s watching for when the iPhone maker releases results. “Things we'll be watching for is the iPhone. ‘Is the iPhone revenue trend still stable? And are they getting better comps in Greater China sales?’ Those are the key topics I'll be watching.” He adds that he will also be monitoring for the breakdown of standard iPhone sales compared to Pro and Pro Max models, as well as Services revenue. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.
Apple’s inaugural batch of Apple Intelligence features debuted on Monday for eligible devices. It comes after the company first announced Apple Intelligence in June.
In the first day of a busy week, the Dow Jones Industrial Average (^DJI) lead index gains as the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) await earnings from five of the Magnificent Seven players: Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), and Microsoft (MSFT). Market Domination Overtime's Josh Schafer recaps the day's market moves ahead of key economic data and Big Tech earnings due out later this week. Yahoo Finance markets and data editor Jared Blikre checks out recent gains in the 10-year Treasury yield (^TYX, ^TNX, ^FVX) and Apple (AAPL). To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
We recently published a list of 10 Stocks To Buy Before They Split Next. In this article, we are going to take a look at where Microsoft Corp. (NASDAQ:MSFT) stands against other stocks to buy before they split next. S&P 500: Targeting 6,000 Amid Market Optimism There’s been a notable sense of fear among investors […]
Apple faces declining iPhone sales in China
Sector Update: Tech Stocks Advance Late Afternoon
Who has the best earnings surprise track record out of these mega-caps?
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Shake Shack Inc (SHAK), where a total volume of 8,133 contracts has been traded thus far today, a contract volume which is representative of approximately 813,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 100% of SHAK's average daily trading volume over the past month, of 813,035 shares..
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Enphase Energy Inc. (ENPH), where a total volume of 33,634 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares)..
JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Apple Inc (NASDAQ:AAPL) with a price target of $265. The ...
Meta Platforms Inc (NASDAQ:META) is in the process of developing an AI-powered search engine as the company aims to reduce reliance on ...
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track ...
On Monday, Apple Inc (NASDAQ:AAPL) unveiled its latest iMac, which features the robust M4 chip and integrated Apple Intelligence encased ...
AMD will report its fiscal third quarter earnings after the bell on Tuesday, as investors look for signs of AI market strength.
Gates eventually realized that that “intensity was not always appropriate.”
The Dow and other indices surged Monday in anticipation of the upcoming earnings week, reflecting expectations for how the current quarter might influence the remainder of the year. This week will see big tech earnings, including Amazon (AMZN), Apple (AAPL), Google (GOOGL), Meta (META), Microsoft (MSFT), and Advanced Micro Devices (AMD), among others.
Investors with a lot of money to spend have taken a bullish stance on Apple (NASDAQ:AAPL). And retail traders should know. We noticed ...
Apple on Monday released the first batch of Apple Intelligence features for its newest iPhones, iPads and Mac computers.
Microsoft (MSFT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Best known as the co-founder of Microsoft Corporation, Bill Gates is one of the richest people in the world who still works on many ...
Nvidia Corp (NASDAQ:NVDA) noted vast opportunities in AI-driven businesses across Asia, especially in multilingual India, Vice President ...
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and ...
To gain an edge, this is what you need to know today. Fate Of Nasdaq 100 Please click here for an enlarged chart of Invesco ...
One of the most beloved children's computer video games is getting a movie adaptation. "The Oregon Trail" is sparking an action-comedy ...
Apple® today announced the new iMac®, featuring the powerful M4 chip and Apple Intelligence™, in its stunning, ultra-thin design. With M4, iMac is up to 1.7x faster for daily productivity, and up to 2.1x faster for demanding workflows like photo editing and gaming, compared to iMac with M1.1 With the Neural Engine in M4, iMac is the world’s best all-in-one for AI and is built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves, while protecting their privacy. The new iMac is available in an array of beautiful new colors, and the 24-inch 4.5K Retina® display offers a new nano-texture glass option.2 iMac features a new 12MP Center Stage® camera with Desk View, up to four Thunderbolt 4 ports,3 and color-matched accessories that include USB-C. Starting at just $1,299, now with 16GB of unified memory, the new iMac is available to pre-order today, with availability beginning Friday, November 8.
Apple® today announced the first set of Apple Intelligence™ features for iPhone®, iPad®, and Mac® users is now available through a free software update with the release of iOS 18.1, iPadOS® 18.1, and macOS® Sequoia 15.1. Apple Intelligence is the personal intelligence system that harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks while taking an extraordinary step forward for privacy in AI. Today marks the availability of the first set of features, with many more rolling out in the coming months.
In today's fast-paced and competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze ...
Tesla continues to push the boundaries of artificial intelligence with its deep knowledge of autonomous solutions.
Nvidia's essential customers will report earnings later this week, sharing future capital expenditures (capex) investments.
The latest investor updates on stocks that are trending on Monday.
Indonesia has blocked sales of Apple Inc’s (NASDAQ:AAPL) latest iPhone 16 models as Apple failed to meet local investment ...
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has halted shipments to China-based chip designer Sophgo after discovering its ...
Stock Market Today: Dow Jones futures rose Monday ahead of big earnings reports this week. Tesla stock rallied on a price-target hike.
About a third of S&P 500 companies have reported their third-quarter earnings reports. But the real fireworks are coming.
U.S. stocks could get off to a positive start on Monday after the averages registered a mixed week. While the S&P 500 and Dow Jones ...
A $500 investment in Nvidia's IPO would have made you a millionaire today-here's the story behind the AI giant's remarkable journey.
Declining trading volumes in the S&P 500 and Nasdaq 100 may signal a market top before major tech earnings.
This little AI software company needs to prove it can grow in the shadow of its bigger competitors.
Oil prices slid more than 5% after after Israel refrained from targeting Iran's refining facilities in an attack over the weekend.
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Billionaire investor Mark Cuban warned that proposed tariffs proposed by former President Donald Trump could significantly increase the ...
"Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%," Hayes told CoinDesk.
» 2 "Magnificent Seven" Stocks That Can Plunge by Up to 98%, According to Select Wall Street Pundits
Among Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla, there are two industry-leading companies Wall Street experts believe will lose at least 90% of their value.
BI compiled outlooks from top Wall Street strategists to get a clear picture of what a Trump or a Harris win would mean for markets.
AI-themed exchange-traded funds (ETFs) are witnessing a significant surge as asset managers capitalize on the growing enthusiasm ...
MicroStrategy Inc. (NASDAQ:MSTR) ended Friday as the sixth-most traded stock on Wall Street, prompting founder and CEO Michael Saylor to ...
Looking for stocks that are 10-baggers (or close to it)? Check out Warren Buffett's portfolio.
The FTSE came back despite UK business confidence falling to a four-month low ahead of the budget.
Apple Inc. (NASDAQ:AAPL) is working on developing a new smart home display inspired by the iMac G4’s design. What Happened: In ...
Even the most bearish Wall Street analysts see upside in these megacap stocks.
Nearly $193 billion of the $313 billion investment portfolio Warren Buffett oversees at Berkshire Hathaway can be traced to four market-leading businesses.
BTC's best years have been characterized by copper's outperformance relative to gold.
Apple Inc. (NASDAQ:AAPL) is on the brink of a “consumer AI Revolution” with the imminent rollout of its new artificial ...
Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel's attack on Iran avoided hitting the country's oil ...
Apple Inc. (NASDAQ:AAPL) is all set to integrate the powerful M4 processor into its Mac lineup. What Happened: In his latest weekly ...
Nuclear energy is suddenly hot. Nuscale Power looks like a leader.
With an increasing focus on nuclear energy, demand for uranium is set to substantially grow, making uranium ETFs an appealing investment strategy for the long-term.
Here is a brief look at the 8 largest companies by market capitalization as of Sunday, Oct. 27, 2024. Additionally, I have included the percentages of their gains on a year-to-date basis. Let's dive into the numbers.
In this video, I look at how the Nasdaq 100 has moved in recent days. There seems to be plenty of fuel to add to either a rally or a slide lower.
Rupert Murdoch's Dow Jones and theNew York Post have initiated legal proceedings againstJeff Bezos-backed AI ...
The week was buzzing with significant developments in the tech world, with artificial intelligence (AI) at the center of it all. From ...
Both stocks are moving with the presidential candidate, but which is the better buy?
Microsoft announced a new agreement for the removal of up to 350,000 tonnes of CO2 from the atmosphere over ten years with marine carbon dioxide removal (mCDR) provider Ebb Carbon.
The past week has been a rollercoaster ride for Apple Inc. (NASDAQ:AAPL). From facing a U.S. probe that threatens its iPhone chips ...
Apple's valuation and revenue growth aren't encouraging right now, but its long-term potential remains strong.
This company's growth story isn't over yet. It's just changing.
Companies are betting big on nuclear energy to power AI.
Contrary to a common assumption, buying these winners at the right time isn't always a mere matter of luck.
Nvidia's revenue has soared in the triple digits in recent quarters.
Companies with deep pockets to spend on AI technology will likely be around for decades growing your savings.
Although Nvidia's hardware should retain its computing superiority, Wall Street's artificial intelligence (AI) darling is set to lose something even more precious.
There's no question that this tech giant has been a wonderful investment in the past.
Delta Air Lines (NYSE:DAL) has filed a lawsuit against cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:CRWD) in a Georgia state ...
Investing in these two companies can give investors a two-for-one growth and income benefit.
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The latest investor updates on stocks that are trending on Friday.
The low pricing seems consistent with stable and rangebound implied volatility.
Oil prices ease on possible new Middle East ceasefire talks
A deep dive into what's moving markets across the global economy.
The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.
(Bloomberg) -- Bitcoin’s classification as a so-called Trump trade is starting to jar with wider shifts in global markets attributed in part to the possibility of the former president’s return to the White House.Most Read from BloombergBooming Cambridge Exposes England’s Widening Wealth GapOman Sees an Urban Future Distinct From Dubai and Abu DhabiRobotaxis Are No Friend of Public TransportationClimate Change Is Killing Buildings in Slow MotionTransportation Policy Gets Left Behind in Presidenti
The latest investor updates on stocks that are trending on Thursday.
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Georgia’s coming elections highlight its tough balancing act between the West and Russia. Competing visions for the nation’s future, challenging geopolitics and sanctions risks threaten the sovereign’s ratings.
Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.
EUR/USD collapsed to an 11-week low on Thursday after the European Central Bank lowered interest rates by 25-bps.
The European Central Bank lowered its key interest rate to 3.25%, in its second consecutive cut. The move widens the gap in benchmark borrowing costs with the Federal Reserve. Find out more in our recently ...
Headline annual inflation reached a fresh low of more than three years but the greenback’s performance was mixed.
Italy aims to accelerate fiscal tightening to exit the Excessive Deficit Procedure earlier than expected, but high public debt, structural economic weaknesses and unfavourable demographics pose challenges.
Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.
Despite inflation heading below the ECB's target rate of 2% in September, core inflation — which strips out more volatile measures — still came in at 2.7%.
The US dollar index hit 14-month lows on Wednesday near 100.20. The Fed is expected to cut 25-bps rates in November and December, so market participants may price in the impact of future cuts.
A soft landing for the European economy could be slipping away, increasing pressure on policymakers to step up the pace of interest-rate cuts. Business surveys out Monday indicated that activity in the eurozone's two largest economies was much weaker than expected in September. Here is how markets reacted: + **An October rate cut is now on the table.** Derivatives markets show investors see the European Central bank's key rate at 3.31% next month, meaning they are pricing in almost a full quarter-point reduction from the current rate of 3.5%.
Are you tracking the EURUSD pair?
The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The Wall Street Journal reported Thursday that the Federal Reserve was still considering whether to cut its benchmark rate by a standard 0.25 percentage point, or 0.5 percentage point on Wednesday. Traders sold the dollar upon learning that the option of a larger cut was still on the table, said Katsutoshi Inadome, a strategist at SuMi Trust.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
The ECB’s 12 September meeting could be a turning point as Eurozone data sends mixed signals. With rising stagflation risks and wage growth pressures, the central bank faces a complex decision: should they cut rates to support growth or maintain their focus on battling inflation? Traders should be on high
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.
Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Forestry&Paper, Pharmaceutical Industry and Utilities sectors led shares lower.
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
Investing.com -- Investors should buy protection now as the volatility seen in August is likely to return amid a closely contested U.S. election race, according to a report released Tuesday by BCA Research.
The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve's July policy meeting and Chair Jerome Powell's upcoming speech at Jackson Hole later this week. The minutes, due on Wednesday, and Powell's speech on Friday are likely to be the main drivers of currency movement for the week, and traders expect a dovish tone to emerge. “The signs are subtle, but bearish dollar momentum is starting to build,” said analysts at ING, in a note.
The U.S. dollar edged higher Thursday, but remained close to seven-month lows after the release of benign inflation data, while sterling rose after solid growth data. The figures added to cooler-than-expected producer prices earlier in the week, and suggest inflation is on a downward trend which would provide the Federal Reserve with headroom to start cutting interest rates. The next data point is U.S. retail sales later in the session, and will garner significant attention as consumption accounts for about two-thirds of U.S. economic growth.