US retail giants Walmart and Home Deport update on margins and current consumer trends. Plus, Barclays, Antofagasta, and InterContinental report. (AI Video Summary) Upcoming RBA minutes In this video, Angeline Ong talks about the important events happ...
7 months agoSo long as this remains there’s no chance that US rates will be down in the first half of the year. IGTV’s Jeremy Naylor looks across the numbers and the effect on the start of today’s session. Equity indices are under pressure and money is going into the...
7 months agoMarket Recap Above-expectations producer price index (PPI) readings out of the US last Friday contributed to some inflation jitters following the earlier consumer price index (CPI) scare, leading Wall Street to end the week in the red for the first time i...
7 months agoUS rate cut expectations have been pared back to June The Federal Reserve (Fed) officials are taking a cautious approach when it comes to rate cuts, as they believe more time is needed before implementing any changes. This sentiment was reinforced by...
7 months agoMarket Recap A hotter-than-expected print in US January consumer price index (CPI) data kept Wall Street on the backfoot overnight, as market participants recalibrated their rate expectations to price for a later timeline for Federal Reserve (Fed)’s rate...
7 months agoUS indices The session was mixed overnight in the Asia–Pacific (APAC) region, following the lead of US indices on Monday. Hong Kong’s Hang Seng recorded the best performance. The Caixin China General Manufacturing PMI A few important statistics were publi...
6 months agoAsia Open The Asian session was slightly mixed to start the day, with Nikkei +0.65%, ASX +0.17% and KOSPI -0.05% at the time of writing. This comes as the surprise expansion in US March manufacturing activities overnight triggered mostly a downside reacti...
6 months agoManufacturing surge impacts Fed rate outlook US equity markets had a mixed opening for Q2 2024, with strong US manufacturing data driving up yields and lowering prospects of a Federal Reserve rate cut in June. The ISM manufacturing PMI increased to 50.3 i...
6 months agoThe minutes from the Reserve Bank of Australia might prompt volatility for the Australian dollar. OPEC and non-OPEC ministerial meeting takes place 3 April. Plus, watch out for earnings from Sodexo. (AI Video Summary) Data expected in the week ahead I...
6 months agoStrong set of US manufacturing data challenged dovish rate expectations A surprise expansion in US March manufacturing activities triggered mostly a downside reaction across Wall Street to kickstart the new quarter, as market participants pared their dovi...
6 months agoMarket Recap The “good news is bad news” mantra continued to play out in Wall Street overnight, as stronger-than-expected US job openings and factory goods orders joined the recent run in robust economic data to challenge the upcoming pace of Federal Rese...
6 months agoPlus, Tesco, Delta along with Citi, JPMorgan Chase and Wells Fargo kick off the earnings season. Watch out for a written US banks earnings preview from IG’s Shaun Murison on IG.com. (AI Video Summary) Overview for the week ahead This week's economic h...
6 months agoQ2 2024 fundamental and technical outlook UK stocks see surge in takeover bids but the FTSE 100 continues to underperform UK companies have become prime targets for acquisitive firms, as Brexit-driven weakness in British markets creates favourable con...
6 months agoEuropean markets European markets closed higher on Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter. In the US, the S&P 500 and Nasdaq composite posted modest gains. In Asia, Japan’s Nikkei outperformed the re...
6 months ago