Week Ahead: Will Dollar Extend Gains?
The biggest themes in the markets this week can be summarised as: (1) US dollar strength, (2) weakness in foreign currencies – particularly where the central bank is still dovish such as the Japanese yen and Swiss franc – and...
Theresa May Seeks a Compromise on Brexit, But Will the EU Listen?
The past days have been a wild ride for the British pound, with the Brexit saga receiving multiple new chapters. Key Brexiteer ministers have resigned, and while this has been interpreted as a negative in the sense that it threatens...
Consumer sentiment hits six-month low on ‘darkening cloud’ of tariffs
Consumer sentiment dropped below expectations at the beginning of July to a six-month low on rising fears regarding the Trump Administration’s trade battles. Consumer sentiment fell to 97.1, according to the University of Michigan’s monthly survey of consumers. Economists expected...
Your first trade for Friday, July 13
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Twitter Karen Finerman was a buyer of JPMorgan Brian Kelly was a buyer of the S&P Regional Banking ETF Guy Adami was...
Dollar Retreats Mildly after Import Price Miss, Still Set to Close the Week as Strongest
Dollar is set to close as the strongest one for the week, after today’s rally. Some setback is seen after import price index miss but the retreat is so far shallow. Yen is trading as one of the strongest alongside...
Morgan Stanley raises its price target on red hot WWE stock by nearly 70% to Street-high
World Wrestling Entertainment shares triple-digit return so far this year has much more to go, according to Morgan Stanley. The firm raised its price target for the media company to $100 from $58, representing 34 percent upside to Thursday’s close....
Goldman Sachs says cybersecurity stocks could get a boost from fears of meddling in the midterm elections
Cybersecurity stocks present a compelling short-term bet for investors ahead of the 2018 midterm elections, Goldman Sachs advised clients Thursday. Pointing to an expected uptick in security spending in the run-up to November, analyst Arjun Menon told clients that the...
British Pound Slips over White Paper Blues
The British pound has posted considerable losses in the Friday session. In North American trade, the pair is trading at 1.3150, down 0.42% on the day. The pair is at its lowest level since July 3. It’s a quiet end...
US import prices unexpectedly drop in June
U.S. import prices unexpectedly fell in June after rising sharply a month earlier. Import price fell 0.4 percent in the month. Import prices were forecast to rise 0.1 percent in June, after climbing 0.6 percent a month earlier. Get the...
PNC shares gain after higher commercial lending leads to better-than-expected earnings report
Shares of PNC Financial Services ended trading Friday up 0.2 percent after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC...
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