Page 29 - Basic Resources News Today

by Tyler Durden Monday, Apr 26, 2021 - 07:57 AM S&P futures were flat, Nasdaq futures dipped ahead of FAAMG earnings while European stocks clawed their way higher on Monday and Asia rose as world markets began the week in a relatively upbeat - if quiet - mood following further signs last week that economies are recovering rapidly. There were no major moves, however, as investors refrained from taking on large positions ahead of this weeks Federal Reserve meeting, US GDP print and corporate earn...

by Tyler Durden Friday, Apr 23, 2021 - 08:03 AM US equity futures rebounded Friday following Thursdays 1% selloff as investors digested a proposal for higher capital gains taxes and realized that i) it is nothing new compared to previous media reports and ii) the most likely outcome is a compromise tax rate (Goldman expects a final number no higher than 28%).  Still, both the S&P 500 and Dow are on course for weekly declines, after four straight weeks of gains. At 730 a.m. ET, Dow e-minis were...

by Tyler Durden Monday, Apr 12, 2021 - 07:50 AM Global stock markets and US equity index futures dipped modestly with shares in Europe and Asia as traders weighed inflation risks, an uneven global recovery and the latest upbeat economic outlook from Washington. After sprinting to close at an all time high on optimism that vaccination programs and the easing of lockdowns to combat COVID-19 would bode well for an economic rebound, S&P 500 futures were cautious to start the new week as investors w...

by Tyler Durden Tuesday, Apr 06, 2021 - 07:48 AM Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound.  Nasdaq underperformed as investors locked in some gains on renewed reflation concerns hopes while currency and bond markets paused for breath after a month of rapid gains in the dollar and Treasury yields...

by Tyler Durden Wednesday, Mar 17, 2021 - 07:52 AM S&P futures edged lower, European and Asian markets were mostly lower and Treasury yields climbed sharply ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid an overheating recovery that risks stoking inflation, and where all eyes will be the median 2023 dot for a potential hawkish signal that sends yields soaring. At 0715 a.m. ET, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100...

by Tyler Durden Friday, Mar 12, 2021 - 08:02 AM Nasdaq futures fell as much as 2% on Friday after rebounding more than 6% in the past three sessions, after a new spike in U.S. bond yields restarted inflation fears and sent investors scurrying to the perceived safety of the dollar, while hammering global stocks. A Bloomberg report that Beijing is expanding a crackdown on Tencent Holdings also weighed on the technology sector. S&P 500 futures were also dragged down after ending at record closi...

by Tyler Durden Tuesday, Mar 09, 2021 - 07:51 AM Sometime trading really is this easy. Literally minutes after we predicted last night that it was just a matter of time before central banks step in to halt the rout... In theory a continued collapse in the QQQ will crash the S&P, DJIA, and everything else. In practice, the Fed will never allow it. We are within 2-3% of the Feds red line for QQQs — zerohedge (@zerohedge) March 9, 2021 ... Beijing did just that when shortly after Chinas markets ...

by Tyler Durden Wednesday, Mar 03, 2021 - 08:01 AM Once again market sentiment has reversed violently - or rather the opposite - overnight, with yesterdays late day spoo slump inspired by the short squeeze in Rocket Mortgage - which forced hedge funds to liquidate their best positions - being faded and on Wednesday Emini futures jumped 0.6%, global shares gained with European indexes echoed positive moves in Asia, as a recent retreat in Treasury yields fuelled demand for riskier assets... even ...

European stocks climbed for a second straight session on Thursday as construction stocks gained on upbeat sales forecast from Saint Gobain and commodity-linked shares rose on hopes of larger U.S. stimulus after Democrats won Senate control.