Author: FX

Softline spending should show modest improvement during the second half of 2024 as back-to-school shopping and improved consumer sentiment provide a tailwind to the industry’s growth rate for the rest of the season. With softline stocks trading at a 24% P/E discount to the S&P 500 compared to its normal 13% discount, the sector is ripe for bargain-hunting, especially now that Federal Reserve Chairman Jerome Powell has raised the odds for a September rate cut which will jump-start consumer confidence and alleviate capital constraints on individuals and businesses. Softlines, also known as soft goods, are those made from fabrics, textiles,…

By Tom Sims and Rene Wagner FRANKFURT (Reuters) -A suspect in German police custody following a stabbing rampage in the city of Solingen that killed three people and injured eight is a 26-year-old Syrian man, authorities said on Sunday as they looked into his possible links with Islamic State. The incident, along with the militant group’s claim of responsibility, sparked concern among some politicians who urged enhanced security, tighter curbs on weapons, stiffer punishment for violent crimes, and limits to immigration. The attack occurred during a festival on Friday evening in the Fronhof, a market square, where live bands were…

Warning: BMWYY is at high risk of cutting its dividend Source link

UPCOMING EVENTS:Monday: PBoC MLF, German IFO, US Durable Goods Orders.Tuesday: US Consumer Confidence.Wednesday: Australia Monthly CPI, Nvidia Earnings.Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims.Friday: Tokyo CPI, Japan Retail Sales, Eurozone Flash CPI and Unemployment Rate, Canada GDP, US PCE.TuesdayThe US Consumer Confidence is expected at 100.1 vs. 100.3 prior. The last report saw the present situation index, which is generally a leading indicator for the unemployment rate, falling to a three-year low. Dana M. Peterson, Chief Economist at The Conference Board said: “Confidence increased in July, but not enough to break free of the narrow range that has…

JAKARTA (Reuters) – Seven people were killed and some missing in Indonesia’s North Maluku province on Sunday after floods in the east of the sprawling archipelago, the local search and rescue agency said. Heavy rainfall since Saturday caused the flooding on Ternate island, hitting Ternate city, said the agency, Basarnas. “Our team still making efforts to evacuate the victims who were hit by landslides and house building materials that were carried away by the flood,” Basarnas said in a statement, adding two people were found alive. News website Detik.com and broadcaster Kompas TV said 11 people had died, but a…

Mon: UK Market Holiday (Bank Holiday), German Ifo (Aug)Tue: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep)Wed: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2)Thu: Spanish Flash CPI (Aug), German State CPIs (Aug), EZ Sentiment Survey (Aug), US GDP (2nd) and PCE (Q2)Fri: Japanese Tokyo CPI (Aug), French Prelim CPI (Aug), German Unemployment (Aug), EZ Flash CPI (Aug), Italian Flash CPI (Aug), US PCE (Jul), US University of Michigan Final (Aug)PBoC Delayed MLF (Mon): PBoC announced last week that it has delayed its MLF operation and will conduct it on August 26th. Instead of the MLF, the PBoC…

JERUSALEM (Reuters) -Israeli jets launched strikes in Lebanon after the military assessed that the Iranian-backed Hezbollah movement was preparing to fire rockets and missiles towards Israel, the military said early on Sunday. “The IDF identified the Hezbollah terrorist organization preparing to fire missiles and rockets toward Israeli territory. In response to these threats, the IDF is striking terror targets in Lebanon,” the Israel Defence Forces said in a statement. Flights to and from Ben Gurion airport in Tel Aviv were been suspended, and Israel’s cabinet was to meet at 7 a.m. (0400 GMT), Israeli media reported. Hezbollah did not immediately…

The 100 pips strategy takes a more measured approach, focusing on capturing larger price movements over extended periods. The goal is to secure a predetermined number of pips per trade typically around 100 by strategically entering and exiting positions based on thorough market analysis. Both strategies cater to different trader preferences and risk tolerances. Scalping appeals to those who thrive in fast-paced environments and enjoy the thrill of frequent trading opportunities. On the other hand, the 100 pips strategy attracts traders who prefer a more patient and calculated approach, aiming for fewer but potentially more substantial gains over time. We…

The W%R Indicator, the brainchild of technical mastermind Larry Williams, is a momentum oscillator that gauges whether a financial instrument is overbought (priced too high) or oversold (priced too low) within a specific timeframe. Imagine it as a thermometer for market sentiment, with readings hovering near the top reflecting potential overbought conditions and readings near the bottom hinting at oversold territories. Interpreting W%R Indicator Values Here’s a breakdown of how to interpret W%R readings: -20 and below: This zone suggests potentially oversold conditions. It might be a good time to consider buying opportunities but remember, it’s not a guaranteed signal.…

(Reuters) – NASA will return Boeing (NYSE:)’s faulty Starliner capsule to Earth without astronauts Butch Wilmore and Suni Williams, who will return to Earth on a SpaceX vehicle early next year, NASA chief Bill Nelson said on Saturday. Starliner launched its first two astronauts, both former military test pilots, into space on June 5 as a crucial test before it can receive NASA approval for routine flights. But what was supposed to be an eight-day mission docked to the ISS has been drawn out by months after the capsule sprang leaks and some of its thrusters failed. Here’s a rundown…