Author: FX

Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL. Stock Ma Source link

2/2 © Reuters. FILE PHOTO: A view of sign board warning of extreme heat in Death Valley, California, U.S. July 15, 2023. REUTERS/Jorge Garcia/File Photo 2/2 By Brad Brooks (Reuters) – Nearly a quarter of the population in the U.S. is under warnings for extreme heat on Sunday, while an already rain-soaked New England braces for more downpours, the National Weather Service (NWS) said. The heat warnings spread from the Pacific northwest, down through California, through the Southwest and into the Deep South and Florida. Temperatures of over 115 Fahrenheit (46 Celsius) are forecast for areas of southern California’s high…

Recommended by Diego Colman Get Your Free Top Trading Opportunities Forecast Most Read: Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on RadarLast week, traders looking for volatility had plenty of it. There were significant moves across all asset classes, but perhaps most notable was the sharp drop in the U.S. dollar in the run-up to the June inflation report and, more importantly, after it.The CPI numbers released on Wednesday and the following day’s PPI data surprised to the downside, reinforcing the argument that price pressures are cooling more rapidly than initially envisioned. This sentiment led traders to reprice…

MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Industrial Output(Jun)TUE: RBA Minutes, SARB Press Release, US Retail Sales (Jun), Canadian CPI (Jun), New Zealand CPI (Q2)WED: UK Inflation (Jun), EZ Final CPI (Jun),THU: PBoC LPR, CBRT Announcement, Japanese Trade Balance (Jun), Australian Jobs Report (Jun),FRI: CBR Announcement, Japanese CPI (Jun), UK Retail SalesNOTE: Previews are listed in day orderChinese GDP, Retail Sales & Industrial Output (Mon): Chinese GDP data for Q2 is due next week and will provide the latest insight into the health of the world’s second-largest economy after the recent streak…

Dzmitry Dzemidovich While investors are bracing for yet another challenging quarter when earnings season kicks off for commercial-stage biopharma later this month, Barclays has picked Eli Lilly (NYSE:LLY) and Merck (NYSE:MRK) as two of the most favorably positioned big pharma stocks heading into the Q2 earnings season. Barclays Q2 2023 earnings preview on biopharma comes at a time when healthcare has become a notable laggard in the S&P 500 this year: Pharmaceutical companies in the benchmark index have lost ~5% YTD. With challenging backdrops even for companies with the potential to post quarterly beats, a sector rebound will be more…

Spencer Platt/Getty Images News Two digital media companies have been materially outperforming their legacy media peers this year — but heading into second-quarter earnings, KeyBanc likes Spotify (NYSE:SPOT) over Netflix (NASDAQ:NFLX) for continued upside. Rivals including Disney (DIS), Warner Bros. Discovery (WBD), Paramount (PARA) (PARAA), Comcast (CMCSA), Universal Music (OTCPK:UMGNF) and Warner Music Group (WMG) have lagged in 2023 behind the showings of Netflix (NFLX) and Spotify (SPOT), up 50% and up 110% respectively, analyst Justin Patterson notes. That measure holds not only year-to-date, but Netflix (NFLX) and Spotify (SPOT) have also outperformed those companies and the overall market since…

© Reuters. US President Joe Biden listens during a meeting with Nordic leaders (not pictured) at the Presidential Palace in Helsinki, Finland, July 13, 2023. Ritzau Scanpix/Ida Marie Odgaard/via REUTER (This July 15 story has been refiled to fix typographical errors in paragraphs 3 and 7) By Jason Lange WASHINGTON (Reuters) – President Joe Biden’s re-election campaign ended last month with about $20 million in the bank, just trailing the $22 million plus reported by Republican front-runner Donald Trump, according to financial disclosures released on Saturday. The disclosures filed to the Federal Election Commission point to a competitive money race…

UPCOMING EVENTS:Monday: PBoC MLF.Tuesday: US Retail Sales, Canada CPI.Wednesday: New Zealand CPI, UK CPI.Thursday: PBoC LPR, Australia Jobs Report, US Jobless Claims.Friday: Japan CPI, UK Retail Sales.Monday: There’s no expectations for the PBoC to cut the MLF rate as the recent comments by the PBoC deputy governor Liu Guoqiang last Friday indicated that there’s no fear of deflation as they expect inflation to have a U-shaped recovery in the second half of the year. The Medium-Term Lending Facility Rate (MLF) is the main rate at which the central bank lends to big commercial banks. The MLF acts as a guide…

(Reuters) – An earthquake of magnitude 7.4 struck the Alaska Peninsula region early on Sunday, according to the United States Geological Survey (USGS). The U.S. Tsunami Warning System issued a tsunami threat after the earthquake The quake which was at a depth of 9.3 km (5.78 miles), USGS said. Source link

Rusell Hendry/iStock Editorial via Getty Images United Airlines (NASDAQ:UAL) and its pilots have come to terms on a new four-year labor deal after four years of tough bargaining. The Air Line Pilots Association will need to ratify the deal, but the union valued it around $10B, and it includes raises for pilots by up to 40% over the four-year span, as well as job security assurances and retirement benefits — underscoring some labor strength at airlines, amid rapidly rebounding revenues. And the union said it would put United’s pilots on par with those at Delta Air Lines (DAL), whose pilots…