US indices finished yesterday’s trading lower. S&P 500 dropped 1.21%, Dow Jones moved 0.33% lower and Nasdaq finished down 2.14%. Russell 2000 dropped 0.99% Stocks in Asia traded mostly lower on the final trading day of the week. Nikkei dropped 0.1%, Kospi moved 0.6% lower while indices from China traded mixed US President Joe Biden […]
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15
Apr
Apr
Economic Calendar
Numerous markets closed due to Easter holidays No trading on majority of equity indices as well as commodities Second-tier data releases from the United States Easter holidays have arrived on the markets. Traders should expect much thinner liquidity conditions throughout the day as many of the European and North American markets will remain shut today. […]
14
Apr
Apr
Wells Fargo Sees Pre Market Plunge
One of the largest investment banks in the US Wells Fargo (WFC.US) today released its financial results for Q1 2022, which turned out to be not good enough to change the current sentiment around the banking sector: Earnings per share beat analysts’ expectations: $0.88 vs $0.81 Wells Fargo earned nearly $3.67 billion in Q1 vs […]
14
Apr
Apr
Status Quo Remains For the Dax
The German benchmark index starts another recovery attempt on Thursday. D1 chart The DE30 is trying to continue its recent rise. However, the bulls are already failing at the short-term resistances: the daily highs of the past two days. And as long as Friday’s highs (upper border of the red rectangle) are not broken sustainably, […]
14
Apr
Apr
US Retail Data Mixed
US retail sales data for March was released at 1:30 pm BST. Report turned out to be mixed and did not trigger any major moves on the markets. Highlights of the report: • Headline: 0.5% MoM vs 0.6% MoM expected (0.3% MoM previous) • Ex-autos: 1.1% MoM vs 0.9% MoM expected (-0.4% MoM previous) Simultaneously to the […]
14
Apr
Apr
Musk Smells Twitter Cash
Musk said a moment ago that he would like to buy Twitter for cash at $ 54.2 per share (recent local highs). Musk wants to buy free-float shares. Musk points out that Twitter has huge potential that he would like to unleash. Twitter currently has a capitalization of $ 37 billion, while Musk is “worth” […]
23
Mar
Mar
Massive “COVID Bounce” in Cyberthreats
Malwarebytes tracked a 77% increase in malware detections over 2020. Business-focused cyberthreats jumped 143%, while consumer-specific threats rose by 65% to more than 152 million in 2021. This increase represents more than a return to business as usual, with detection numbers far exceeding pre-pandemic figures. “2021 was a challenging year for both cybersecurity and user […]
23
Mar
Mar
European Economics Preview
The UK Chancellor of the Exchequer is set to present the Spring Statement 2022 to the Parliament on Wednesday. Chancellor Rishi Sunak is expected to announce measures to help British households to deal with rising cost of living. The Office for Budget Responsibility is set to lift its borrowing forecast for the coming year and […]
23
Mar
Mar
Thai Trade Data Due On Wednesday
Thailand will on Wednesday release February data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. Imports are predicted to rise 19.0 percent on year, slowing from 20.5 percent in January. Exports are called higher by an annual 10.4 percent, up from 8.0 percent in the previous month. The trade […]
22
Mar
Mar
FTSE 100 Gets High With A Lttle Help From Some Banks
U.K. stocks rose on Tuesday, with banks leading the surge before the chancellor’s spring statement on Wednesday. The U.K. budget deficit narrowed in February from the last year but the shortfall was the second-highest for the month of February since records began in 1993, the Office for National Statistics said earlier today. Public sector net […]