Citigroup is set to kick off bank earnings reports – here’s what Wall Street expects
Citigroup is scheduled to report fourth-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $1.55 a share, a 21 percent increase from a year earlier, according to Refinitiv Revenue: $17.6 billion, a 2.2 percent increase from...
Yen Broadly Higher on Risk Aversion after Ugly Chinese Trade Data
Yen strengthens broadly today as Asian stocks are weighed down by rather terrible Chinese trade balance data. Trade war with the US is hurting both exports and imports. But judging from the data alone, it’s unsure who suffered more. Nevertheless,...
GBP/USD Remains Buy On Dips And EURGBP Sell On Rallies
GBP/USD gained momentum recently and broke the 1.2750 and 1.2800 resistance levels. EUR/GBP declined heavily and broke the 0.8960 and 0.8950 supports. Important Takeaways for GBP/USD and EUR/GBP (if you want to trade professionally use our forex advisor download) The British...
Have We Reached Peak Short Term Market Optimism
Markets With the numerous crosscurrents still in play, US shutdown and Brexit notwithstanding, A mild bout of risk aversion seeped into global markets Friday pressuring US equities, oil prices and US bond yields lower, and we saw mostly US dollar...
Ford’s CEO says a ‘big surprise’ is coming next year with electric vehicles
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40...
Here are 4 struggling stock sectors that could rally in 2019
Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets. He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates...
Government shutdown pours cold water on 2019 IPO ambitions — especially for small start-ups
This year may be a disappointing one for start-ups planning to go public. Those aiming to list in the first quarter are stuck in limbo, unable to start the application process until the government is fully re-opened. Companies like Airbnb,...
Brexit to Take the Spotlight from Fed, Trade War and US Government Shutdown
Risk sentiments continued to recover last week as Fed officials indicated they would be patient before making the next rate move. Positive developments of US-China trade talks also helped. One notable development was the rebound in US treasury yields as...
China Weekly Letter – Big Jump in CNY on Trade Optimism and Weaker USD
Big move higher in CNY – the tide has turned for the Chinese currency. Trade talks on track – Liu He set to go to Washington later this month. Stimulus is coming for consumers and small businesses. Producer price inflation...
Weekly Economic and Financial Commentary: All We Need Is A Little Patience
U.S. Review All We Need Is A Little Patience Fed officials this week reemphasized that they would exercise patience, making a pause in rate hikes in March more likely. The CPI fell 0.1% during December owed to lower energy prices....
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