Market news
Daily summary: Markets in risk-on moods, Wall Street indices rally over 2%
European indices finished Friday's session higher. Benchmarks from the region managed to erase early-week losses German DAX gained today but was one of the few European blue chips indices that...
Three markets to watch next week (24.06.2022)
Semi-annual testimonies of Fed Chair Powell in Congress turned out to largely be a non-event in terms of market volatility. However, the story was different for flash PMIs, especially from Europe, as ...
USDTRY slumps as Turkey limits lira loans to foreign investors
Turkey took another attempt at halting depreciation of its currency. Turkish banking regulator introduced new rules requiring domestic banks to allocate very high risk weighting (500%) to TRY loans gi...
FedEx rallies 8% after optimistic fiscal-2023 forecast
FedEx (FDX.US) released an earnings report for the fourth quarter of fiscal-2022 as well as for the full fiscal year yesterday after the close of the Wall Street session. While results for fiscal-Q4 2...
Final Michigan data shows that the Fed panicked?
Fed Chair Powell said during his semi-annual testimony in Congress this week that there were 2 factors that encouraged FOMC to deliver a 75 basis point rate hike instead of a 50 basis point one. Those...
Zendesk surges 50% in premarket as buyout gets closer
Zendesk (ZEN.US), US software firm, surges over 50% in today's premarket trading following a Dow Jones report. According to the report, Zendesk is getting closer to reaching an agreement with private ...
Chart of the day - OIL.WTI (24.06.2022)
WTI crude futures trade near $104 per barrel on Friday and are on track to book second straight week of losses, amid concerns that the hawkish stance of major central banks aimed at curbing soaring in...
Economic calendar: German IFO index, UoM data
• European markets set to open higher • German IFO index for June • UoM Consumer Sentiment revision Index futures from Europe and the United States trade higher ahead of the European cash session o...
Morning wrap (24.06.2022)
US indices finished yesterday's session higher. S&P 500 gained 0.95%, Dow Jones rose 0.64 and Nasdaq added 1.62% Indices from the Asia-Pacific region traded higher today. Nikkei gained 1.15%,...
Daily summary: Global stock markets fall on growth worries
European equities fell for a second session on Thursday, with the CAC40 and the DAX 40 losing 0.56% and 1.76% respectively, while FTSSE 100 finished 0.97% lower; Flash manufacturing and services...
Darden Restaurants stock under pressure despite upbeat quarterly results
Darden Restaurants (DRI.US) stock erased premarket gains and is currently trading nearly 2.0% lower despite the company posted upbeat figures for the fourth quarter as sales improved, mainly tha...
BREAKING: Forint fell over 1% due to suspension of rate hikes process
The forint is losing more than 1% against the dollar and the euro today, which is related to the lack of an interest rate hike during today's decision. The main interest rate was kept at 7.25%, which ...
BREAKING: USD sees little reaction to downbeat flash US PMI reports
US Manufacturing PMI decreased to 52.40 in June from 57.0 in May, well below forecasts of 56.5, preliminary estimates showed. US Services PMI fell to 51.60 in May from 53.4 in the prev...
US claims above forecasts
The number of Americans filling for unemployment benefits was 0.229 million in the week ended June 18, compared to 0.231 million reported in the previous week. Today’s reading came in ab...
Chart of the day - NATGAS (23.06.2022)
US natural gas prices (NATGAS) halted a recent downward move in the 6.70 area, marked with the lower limit of the Overbalance structure. An explosion at a key US LNG terminal helped ease the situation...
