Author: FX

© Reuters. By Oliver Gray  Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable. By 6:40pm ET (10:40pm GMT) and gained 0.4% apiece while added 0.5%. In the week ahead, market participants will be monitoring any developments in the failing banking sector, while , , , , and , as well as speeches from the Fed’s , and the FOMC’s will also be closely watched. During…

CytomX Q4 2022 Earnings Preview Source link

MON: German Ifo Survey (Mar).TUE: NBH Policy Announcement, US Advanced Goods Trade Balance (Feb), US Richmond Fed (Mar).WED: CNB Policy Announcement, Australian CPI (Feb).THU: SARB Policy Announcement, CBRT Minutes, Banxico Policy Announcement, Spanish Flash CPI (Mar), EZ Business Climate (Mar), German Prelim CPI (Mar), US GDP (Q4) & PCE Prices (Q4).FRI: Japanese Tokyo CPI (Feb), Chinese Official PMIs (Feb), German Retail Sales (Feb), French Prelim. CPI (Feb), EZ Flash CPI (Mar), US PCE (Feb), Canada GDP (Jan), US University of Michigan Final (Mar).NOTE: Previews are listed in day-orderAustralian CPI (Wed): The monthly CPI for February is expected to have cooled…

Share: The European Union´s foreign minister Josep Borrell said that Belarus hosting Russian nuclear weapons would mean an irresponsible escalation and a threat to European security. He said Belarus can still stop it, it is their choice but the EU stands ready to respond with further sanctions. Source link

Justin Sullivan Seeking Alpha contributor CashFlow Hunter correctly predicted big problems for Silicon Valley Bank parent SVB Financial Group (SIVB) three months before the firm collapsed. Now he recommends looking for bargains in energy MLPs and shares of Charles Schwab (NYSE:SCHW) — and in some financial stocks unfairly hit by “shrapnel” from the recent failures of SIVB, Signature Bank (SBNY) and Silvergate Bank (SI). “This explosion in the financial [sector] has created a lot of detritus or shrapnel — however you want to describe it — in the banking space. So, I think there’s going to be a lot of…

© Reuters. FILE PHOTO: A local resident stands next to a car in front of a residential building heavily damaged in the course of Russia-Ukraine conflict, in the settlement of Toshkivka, in the Luhansk region, Russian-controlled Ukraine, March 24, 2023. REUTERS/Alex KYIV (Reuters) – Ukraine on Sunday fiercely criticized plans by Russian President Vladimir Putin to station tactical nuclear weapons in Belarus and called for an emergency U.N. Security Council session to address the move. Putin announced the decision on Saturday, saying it would not violate nuclear non-proliferation promises and Russia would not hand off control of the weapons to…

SPY: The SPDR S&P 500 ETF Trust traded 4.1 million shares after hours, with a price of $396.46, up 0.2% from the previous day’s close.BAC: Bank of America Corporation traded 1.7 million shares after hours, with a price of $27.21, up 0.3% from the previous day’s close.AAPL: Apple Inc. traded 1.5 million shares after hours, with a price of $160.20, unchanged from the previous day’s close.T: AT&T Inc. traded 1.4 million shares after hours, with a price of $18.64, up 0.2% from the previous day’s close.INTC: Intel Corporation traded 1.2 million shares after hours, with a price of $29.40, up…

© Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu By Jessie Pang HONG KONG (Reuters) – Hong Kong police on Sunday permitted a small protest march under tight restrictions in one of the first demonstrations to be approved since the enactment of a sweeping national security law in 2020. Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as police monitored their march against a proposed land reclamation and rubbish processing project. Participants chanted slogans against the reclamation project as they marched in the…

kckate16/iStock via Getty Images Analysts are warning that U.S. motorists could see a repeat of last summer’s high gasoline prices, as fuel stockpiles move to multi-year lows ahead of the summer driving season that begins in two months. U.S. retail gasoline prices currently average $3.44/gallon, according to AAA, but they ran to a record $5.02/gallon last June. Domestic gasoline stockpiles have fallen for five straight weeks, culminating in last week’s 6.4M-barrel drawdown that was the biggest since September 2021, leaving inventories at 229.6M, their lowest for this time of the year since 2015, according to weekly data from the Energy…

Russia will station tactical nuclear weapons in its neighbouring puppet state of Belarus.Putin announced the move on Saturdaytactical nuclear weaponsgave no indication of when the weapons will be movedA US official reacted with caution, reiterating that the US remained “committed to the collective defense of the NATO alliance”. Belarus borders three NATO member countries; Poland, Lithuania and Latvia.Info via Reuters—This is a significant escalation from Putin. Markets are currently focused on other matters, the banking crisis and central banks’ response to high inflation (ICYM these, but I’m sure you haven’t!) amongst them, but this is hardly a positive input. Source…