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26
Apr

U.S Durable Goods Orders Higher Than Expected

US, Durable goods orders for March. A higher than expected reading should be considered a sign of a strong US economy.

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26
Apr

Shares of Boeing (BA.US) are trading over 3% higher in premarket today after the company reported financial data for Q1 2023. Results turned out to be a positive surprise. While core loss per share turned out to be deeper than expected, the company managed to deliver a solid revenue beat. Moreover, cash burn at the […]

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26
Apr

Shares of Activision Blizzard (ATVI.US) Slump 10% in Premarket

Shares of Activision Blizzard (ATVI.US), US video game company, are plunging 10% in premarket today. Slump was triggered by the decision of the UK regulator to block a $69 billion takeover of the company by Microsoft (MSFT.US).  The UK Competition and Markets Authority (CMA) said that antitrust concerns could not be solved by proposals made […]

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26
Apr

EUR/USD Returns to Weekly Highs

EURUSD has not only returned to the 1.10 area this morning, but is now approaching the local peak from Monday/Tuesday. The divergence between EURUSD and yields closed yesterday. Bond prices (TNOTE) were boosted by uncertainty over the banking sector, which of course pushed yields lower. Demand for the bond meant demand for the dollar, so […]

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26
Apr

Banking Uncertainty Sees Bitcoin Above $29k

The largest of the cryptocurrencies started the rally as shares of First Republic Bank (FRC.US) slid nearly 50% yesterday following a quarterly report that showed nearly $100 billion in deposit outflows in Q1 2022. Bitcoin surpassed $29,000 and Ethereum is near $1,900. The gains were also helped by better-than-expected results from Alphabet (GOOGL.US) and Microsoft (MSFT.US), which could mean that […]

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26
Apr

US dollar, yen gain as risk appetite sours

NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than 4% since March 8. “Lower […]

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26
Apr

Argentina vows to battle peso slide towards 500 per dollar in black market

NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets that have flourished […]

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26
Apr

Talking Spotify Q1 User Data

Spotify Technologies (SPOT.US), Swedish music streaming company listed on Wall Street, reported Q1 2023 earnings report before the Wall Street session opened Tuesday. Results can be seen as mixed but there are some positives that boosted investors’ sentiment towards the company. While Q1 revenue at €3.04 billion was mostly in-line with market expectations, the company […]

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25
Apr

U.S Open Dow Jones Pulls Back

Wall Street indices launched today’s cash session lower. Attention is once again on banks after earnings from First Republic Bank showed that the bank experienced intense deposit flight during SVB turmoil and was close to collapsing. FRC launched today’s cash trading session with an over-20% bearish price gap. Earnings releases are the main source of company-specific […]

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25
Apr

McDonald’s shares near all-time highs near $300 per share.

McDonald’s shares are trading nearly 2% higher before the open, near all-time highs near $300 per share. , The company’s results showed that its business is resilient and has grown despite the prospect of a slowdown and more cautious consumers. The earnings season for the U.S. restaurant sector is gaining momentum, with Subway also reporting […]

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