A new week has begun and it is going to be an interesting one, thanks to the FOMC meeting scheduled for Wednesday that is expected to be a major market-moving event. However, Wall Street earnings season for Q1 2022 is still on the roll therefore individual shares may experience elevated volatility throughout the whole week. […]
Archive for May 2nd, 2022
Archive for May 2nd, 2022
Archive for May 2nd, 2022
02
May
May
Stock Watch
Textron is an American civil and military conglomerate that focuses on the aerospace sector with brands such as Bell, Aircraft Armaments, Lycoming Engines, Cessna, Beechcraft and Pipistrel. The company has undergone deep restructuring since the 2008 crisis with the appointment of Scott C. Donnelly as its new CEO, who continues to successfully grow the business. […]
02
May
May
Talking U.S Futures
US futures are trading more or less flat compared to Friday’s cash close on Wall Street. The index may see some action in the coming days as the FOMC is set to announce its next monetary policy decision on Wednesday. Market consensus is for a 50 basis point rate hike. Moreover, the market expects the […]
02
May
May
Today’s Economic Calendar
European markets expected to open lower ISM manufacturing index for April Final manufacturing PMIs from Europe Futures markets point to a lower opening of the European cash session, following a mixed Asian session. Trading in Asia was muted as Chinese traders were off for holidays. As UK traders are also off for holiday today, somewhat […]
02
May
May
Good Morning Europe
Indices from Asia-Pacific traded mixed today. Nikkei gained 0.2%, S&P/ASX 200 dropped 1.2% and Kospi moved 0.4% lower Stock markets in China were closed for holidays. US futures trade little changed compared to Friday’s cash close. European futures point to a lower opening of today’s cash session. According to the Times, Russia is preparing for […]
29
Apr
Apr
U.S Data Heaps More Pain on Eur
Core PCE prices in the US which exclude food and energy fell to 0.3% month-over-month in March, following 0.4% gain in February and in line with market expectations of a 0.3% rise. Year-on-year, core PCE inflation went down to 5.2 % from 5.4 % in previous month and below analysts’ estimates of 5.3%. Personal income […]
29
Apr
Apr
Lets Talk Amazon (AMZN.US)
Amazon (AMZN.US) stock plunged 10.0% before the opening bell after the tech giant posted disappointing quarterly results and revealed a revenue forecast that missed analyst estimates. Company’s sales growth slowed down to 7.0% compared to 44% last year, meanwhile costs increased and its investment in electric vehicle company Rivian (RIVN.US) erased its profits. Revenue at $116.4 billion came in-line […]
29
Apr
Apr
Talking CHNComp
Coronavirus pandemic in China is far from over. While the number of new daily cases moderated recently, restrictions remain in place creating a drag on the economy. Mass testing is being carried out in more and more cities to identify Covid hotspots. Economic damage from such an approach will stretch beyond China due to the […]
29
Apr
Apr
Muted Reaction to Positive German Data
A flurry of Q1 GDP reports from European countries was released this morning. However, the most closely watched one, as always, was the German release at 9:00 am BST. The German report was expected to show a 0.1% QoQ expansion in Q1 2022, following a 0.3% QoQ contraction in Q4 2021. Report turned out to […]
29
Apr
Apr
Fridays Economic Calendar
European markets set to open higher Q1 GDP data from Europe US core PCE inflation for March to be released in early afternoon Futures markets point to a higher opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade around 150 points above […]