Author: FX
VioNettaStock/E+ via Getty Images The Industrial Select Sector (XLI) fell -0.60% for the week ending Sept. 15, while the SPDR S&P 500 Trust ETF (SPY) dipped -0.48%. XLI was among the three of the 11 S&P 500 sectors which ended the week in red. However, year-to-date, XLI has climbed +6.91%, and SPY has risen +15.93%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +7% each this week. YTD, 3 out of these 5 stocks are in the green. Ameresco (NYSE:AMRC) +14.19%. The Framingham, Mass.-based company, which provides energy…
4/4 © Reuters. A view shows the destruction, in the aftermath of the floods in Derna, Libya September 16, 2023. REUTERS/Esam Omran Al-fetori 2/4 By Ayman al-Warfali and Ahmed Elumami DERNA, Libya (Reuters) -Residents of Derna in eastern Libya were counting their losses from a flood that devastated swathes of the coastal city as the search for the missing continued on Saturday for a sixth day and more bodies were pulled from the sea. Central Street, once a focus of economic activity in Derna lined with shops, was largely deserted, the silence broken only by the sound of the wind…
Mynaric reports 1H results Source link
© Reuters. A view of shadows of migrants boarding a ship to be transferred to the mainland, on the Sicilian island of Lampedusa, Italy, September 15, 2023. REUTERS/Yara Nardi FRANKFURT (Reuters) – Germany has decided to keep taking in migrants and refugees arriving in Italy, the interior minister said late on Friday, two days after it announced the suspension of a voluntary agreement with Rome to receive new arrivals. Under an European Union solidarity scheme, Germany had pledged to help member states such as Italy that are particularly overwhelmed by migrants by taking in 3,500 people, but it announced the…
2/2 © Reuters. Florida Governor and Republican presidential candidate Ron DeSantis arrives to address the Concerned Women for America Legislative Action Committee’s (CWALAC) 2023 Leadership Summit in Washington, U.S., September 15, 2023. REUTERS/Leah Millis 2/2 By Gram Slattery and James Oliphant WASHINGTON (Reuters) -Former U.S. President Donald Trump and Florida Governor Ron DeSantis made their cases to evangelical voters who gathered in Washington for a pair of events on Friday, seeking an edge with a voting bloc likely to play a pivotal role in selecting a 2024 presidential nominee. The pressure was all on DeSantis, who trails Trump in the…
Risk currencies were strutting their stuff like they just won a Super Bowl thanks to positive economic updates from the U.S. and from China pulling out fresh ways to stimulate their economy. We guess that traders are all in for that “soft landing” touchdown! Unfortunately for European currencies, traders were unloading as data from the region continues to disappoint like the NY Giants. Missed the major forex headlines? Here’s what you need to know from last week’s FX action: USD Pairs Overlay of USD vs. Major Currencies Chart by TV Risk-taking weighed on the U.S. dollar early in the week and…
SlavkoSereda/iStock via Getty Images Oil futures posted fresh new highs for the year, wrapping up a third straight weekly gain on continued concerns over tight supplies and prompting renewed predictions for $100/bbl oil. Gasoline prices have surged to a record high for this time of year in the U.S., rising nearly 8% in the past eight weeks in a rare late summer rally; average regular gasoline now costs $3.866/gal, a seasonal record on a trailing-12-months basis, according to AAA. It is unusual to see gasoline climbing at this time of year, after the end of the summer driving season that…
Risk assets were generally on top this week thanks to net positive economic updates from the U.S. and stimulative efforts from China, supporting “soft landing” bets. Meanwhile, European currencies like EUR, GBP, and CHF lost pips as disappointing data releases highlighted the growth concerns in the region. So, how exactly did the major global assets behave this week? I can explain, but lemme show you the biggest headlines first: Notable News & Economic Updates: ? Broad Market Risk-on Arguments The PBoC set the USD/CNY reference rate at 7.3437 vs. market projected rate of 7.2148. The record-high gap underscored the central…
Share: S&P 500 closes down at 4450.32, losing 1.22%, as Technology, Consumer Discretionary, and Energy sectors led the decline. Upbeat US economic data, including a rise in the Empire State Manufacturing Index, fuels optimism that the Fed may achieve a soft landing. US 10-year Treasury yields climb to 4.334%, adding to market jitters, while WTI oil prices rise by 0.56% due to tight supplies. Wall Street finished the week on a lower note, as a pile of expiring options and an index rebalance sparked volatility in the US equity markets after printing weekly highs during the last two…
Valero Energy authorizes stock buyback up to $2.5B Source link