The recent volatility in the bond market has been a cause of concern for equity investors, raising questions about how rising yields will affect stocks in the year 2024. According to Goldman Sachs, the key threshold to watch out for is 5% on the 10-year Treasury yield. In a comprehensive 19-page report analyzing market data
Earning
GBP/JPY has shown a steady rise recently, mainly due to the overall positive market sentiment that has led to a reduction in flows towards the safe-haven Japanese Yen. The positive lending data in the UK indicates that credit remains ample, adding to the bullish outlook for the Pound. Despite disinflationary trends in the UK, analysts
As investors eagerly await the conclusion of the U.S. Federal Reserve meeting, all eyes are on whether interest rate cuts are still on the table for this year. While it is unlikely that there will be any rate action, Federal Reserve Chair Jerome Powell’s comments about potential policy easing later in 2024 will be closely
When it comes to making financial decisions, it is crucial to emphasize the importance of conducting thorough due diligence checks. While sources may provide information, it is essential to verify the accuracy and reliability of such information through independent research. Relying solely on the content provided by a website or third party without performing your
Deutsche Bank shares surged to a more than six-year high following the release of its first-quarter results. The German lender reported a 10% rise in profit, surpassing analyst expectations and indicating a positive trend in its investment banking division. The stock, which initially declined in the morning, rallied 7.2% in London, reaching its highest intraday
Xiaomi, the Chinese smartphone company, has seen overwhelming success with its new electric vehicle, the SU7 sedan. With over 70,000 orders received as of April 20, the company is well on its way to achieving its goal of delivering 100,000 units this year. This comes as a surprise, considering the SU7 is priced $4,000 lower
The European market is currently experiencing strong business activity indicators, which have contributed to pushing the euro above $1.07. This surge in the euro’s value has been influenced by promising news from Tesla, with the electric vehicle maker’s shares seeing a significant increase of 13% in after-hours trading. It is worth noting, however, that despite
As U.S. stocks were poised to open higher on a particular day, there was significant upward movement in some growth and chip stocks. Notably, megacap tech stocks such as Meta Platforms, Microsoft, and Amazon.com showed gains ranging from 0.5% to 1.3% in premarket trading. Additionally, chip stocks like Nvidia, Micron Technology, and Advanced Micro Devices
As the Research Team continues to monitor various economic indicators such as the 2-year and 10-year UST yields, the US Dollar Index, and energy markets, it is essential to recognize the significance of these metrics in assessing market trends. The upcoming release of the US GDP Advance estimate and the PCE Price Index will provide
As we approach April 19, 2024, investors are eagerly anticipating the quarterly earnings reports of major companies such as Procter & Gamble (PG), American Express (AXP), and Schlumberger (SLB). Procter & Gamble is expected to see a modest earnings increase of 3.65%, showing steady growth. American Express, on the other hand, projects a substantial 23.75%
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has raised concerns about the quarterly earnings of regional banks, suggesting that they may expose critical weaknesses within the industry. Bair, who steered the FDIC through the turbulent times of the 2008 financial crisis, expressed her worries on CNBC’s “Fast Money” show. She specifically
Bank of America recently released its first-quarter earnings report, which surpassed analysts’ expectations for both profit and revenue. The bank reported earnings of 83 cents per share adjusted, exceeding the expected 76 cents per share. Additionally, revenue came in at $25.98 billion, higher than the anticipated $25.46 billion. Despite a decline in profit of 18%