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July 16, 2024
Was purposely weakening the euro today. And we continue to see euro strength relative to dollar weakness. Draghiat is not what wants, he defined as not want a stronger euro at this point. And he was pushing back against the president. European equities going nowhere in a hurry today. The volume is actually reasonably ok. Some of the defensive names being sold off today, and you are also seeing something of a selloff when it comes to the bond markets. A little bit former come up by three basis po...
July 16, 2024
TheChristine Lagarde says ecb could need fresh stimulus. Shery a quick check of the markets closing, we saw fluctuations in the session. The s p 500 moved higher in the last hour of trading or so, moving to a record high. At one point it fell to session lows after we heard from the cleveland fed president loretta mester, saying she was not ready for cuts yet, which sent markets lower, but Communications Stocks are leading the gains on the s p 500. Volumes were lower, heading into the fourth of j...
July 7, 2024
We are counting down to major market opens. Good evening, i am vonnie quinn. Stop stories top sources are. China banks are esters with epidemic recovery but local governments prepared to begin dollars in special bond sales. It investors facing the full week ahead of test with jay powell a buzz because coming up, including nvidia up as whiskers or earnings report. Bonnie workers at a key lng passivity to strike if there is no agreement with woodside by wednesday. Lets get a check on wall street n...
July 7, 2024
Abramowicz some Jonathan Ferro your equity market on the s p 500 slightly negative this morning fantastic lineup looking ahead retail sales just around the corner. Earnings from home depot dropping across the bloomberg tomorrow. Numbers from target results from walmart on thursday. But once again this morning, we have to begin in china. Rate cuts bramo and the data not great at all. The biggest rate cuts going back to 2020. The data coming weaker across the board. Whether it has to do with retai...
July 7, 2024
Really something that has been weighing on equities over the course of this week. We saw it heating japan stocks broadly but tech feeling the brunt of it. Today we are actually moving a little high. It is a reflection of the other theme we are tracking today. The u. S. Inflation print a little hotter than expected but not too hot to really shock markets. We saw stocks on wall street climbing to fresh records. So that is positivity coming into the session. But as we said, a lot of unions in japan...
July 7, 2024
Dealt a blow this past month the nasdaq up 5 the russell up 5. 5 . The dow up 1. 5 . So goes the start of the year. So goes the rest i mean, historically, you come out of a great january and most of the time you do get followthrough. Of course nothing is perfect if it were that easy, you would set a formula and there would be no need to think i dont know if its as simple as extrapolating a good january, a good first quarter, what have you, but theres a reason why that kind of thing does tend to ...
July 7, 2024
Tracking here defying concerns for investors. We have seen a big advance from the 18 1989 peak from last months and onward past the 40 saddles and the 40,000 mark. Despite concerns investors thought the gains were too rapid. You had the rsi above 80. It has been above 70 for almost three weeks now. Certainly in overbought territory, perhaps, from that indicator. Still we are above the 40,000 mark for the first time, very much erasing taking us all back to the levels we were at, as we said, durin...
July 3, 2024
Senator jd vance waiting in wings to talk about it but first Jonathan Turley, our favorite constitutional scholar and fax ne fox news contributor, what do you think closing arguments who being treated well who is not . Give us a hint. Defense continues to struggle with this judge. Who is ruling largely with the prosecution that is continuing in this hearing dealing with the en vehicl vehicthe instructions in the case, which is important stage, how he instructs jury on law could well dictate outc...
July 3, 2024
Well head to the courthouse in just a moment. Then senator jd vance waiting in the wings to talk about all this. Now lets go straight to jonathan turley, gw law professor, our favorite constitutional scholar and a fox news contributor. Jonathan, what are you thinking here . Closing arguments, who is being treated well, who is not being treated well . Give us a hint. Well, the defense continues to struggle with this judge who is ruling largely with the prosecution. Thats continuing in this hearin...
July 3, 2024
Trump is longer stronger than ever. We head to courthouse, senator jd vance waiting in wings to talk about it but first Jonathan Turley, our favorite constitutional scholar and fax fox news contributor, what do you think closing arguments who being treated well who is not . Give us a hint. Defense continues to struggle with this judge. Who is ruling largely with the prosecution that is continuing in this hearing dealing with the en veh the instructions in the case, which is important stage, how ...