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Investing.com – U.S. stocks are seen opening marginally lower Monday, with technology underperforming ahead of the release of key inflation data this week which could point towards early Federal Reserve hikes in 2022. At 7 AM ET (1200 GMT), the Dow Futures contract was flat, S&P 500 Futures traded…
Several key pivots are in the cards as we kick off the new year.
Asian stock markets are mixed after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March
There are no central bank decisions on this week’s agenda, but we have a few data and events that could shape expectations around monetary policy. On Tuesday, Fed Chair Jerome Powell testifies on his nomination for a second term, while a couple of days later, it will be the turn of Lael Brainard, who was appointed as the Vice Chair.
This week, the focus remains on inflation and how central banks may be forced to deal with it sooner, as FX traders fret over interest rate differentials. The persistent increase in inflation is fuelling global yields, which will impact all asset classes, even cryptocurrencies. US Federal Reserve Chair Jerome Powell…
Investing.com – European stock markets are expected to open marginally higher Monday, with investors wary at the start of a week that includes the release of key U.S. inflation data and comments from Federal Reserve Chairman Jerome Powell. At 2 AM ET (0700 GMT), the DAX futures contract in Germany…
U.S. Treasury yields on Monday mostly add to gains, with the 2-year and 10-year maturities establishing fresh 52-week highs with modest climbs on the session.
The euro is in negative territory at the start of the new trading week. EUR/USD is trading around 1.1320 in the European session. The week kicked off with positive European events, although the euro was unable to gain any ground. Investor Confidence in the eurozone rose to 14.9 in January, up from 13.5 beforehand. It was a similar story for Germany, which also saw investor confidence improve. The eurozone unemployment rate dipped to 7.2% in December, down from 7.3% a month earlier. Unemployment has been steadily dropping over the past year, as the economy continues to improve despite the lockdowns and COVID-related restrictions. A year ago, eurozone unemployment stood at 8.3%, and the decline in unemployment should continue in the coming months, barring a major economic downturn due to COVID.
The U.S. NFP hoopla may be over but Fed rate hike speculations are just getting started!. Planning on trading the major currencies this week?. Here’s a list of the major economic calendar events you’ll need to watch out for:. Major Economic Events:. U.S. inflation rate (Jan 12, 1:30…
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Gold futures headed lower on Monday, with bullion looking to stretch its run below $1,800 an ounce after notching the sharpest weekly slump since late November. “With a slight recovery in the U.S. dollar, slightly higher U.S. Treasury yields and a good measure of risk off flowing from commodities and global equities, the gold market looks to have technical and fundamentals resistance at the $1,800 level to start the new trading week,” analysts at Zaner wrote in Monday market commentary.
NEW YORK (Reuters) – Some of Wall Street’s biggest banks now expect four U.S. interest increases this year starting in March, a more aggressive call than a week ago even as the situation remains fluid given the possibility that the supply shock to the economy could ease and consumer prices could stabilize.
Investors should buy the dip in the stock market as the selloff sparked by last week’s ‘hawkish surprise’ in the Federal Reserve’s meeting minutes is arguably overdone, according to analysts at JPMorgan Chase & Co.
Tilray saw its stock rise double digits after releasing a solid earnings report. Tilray (NASDAQ:TLRY) saw its stock rise double digits after releasing earnings. On the surface, these appear to be solid results, though I do have some personal questions. The company generated impressive profit margins while overachieving on prior guidance for synergies. The stock has dropped nearly 80% since recent highs and more than 95% since all time highs – this had led to a natural reset in both valuations and expectations. The stock is looking buyable, but I also discuss whether it is truly the top pick in the cannabis sector.
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Investing.com – The dollar was up on Monday morning in Asia starting the week strong as investors bet U.S. inflation data and appearances from several U.S. Federal Reserve officials would bolster the case for hiking interest rates. The U.S. Dollar Index Futures that tracks the greenback against a basket…
Investors are worried about rising interest rates, but there was also some actual news.
The wind is shifting away from expensive growth stocks and toward lower-priced value stocks. Here are three that look like great buys today.
Investing.com – The U.S. dollar edged higher in early European trade Monday, with traders expecting the release of key U.S. inflation data this week to boost the chances of early Federal Reserve interest rate hikes. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a…
While the DXY Index added +0.07%, most of its gains were given back by the end of the week following the middling December US jobs report. Not only are there several ‘high’ ranked data releases due in the coming days, there are testimonies and speeches by several Federal Reserve policymakers that seem destined to introduce more volatility to financial markets.
It has been a withering start for debt so far in 2022 but the extent to which bonds have come under pressure is best exemplified in these ETFs.