Reuters. Siemens AG’s headquarters can be seen in Munich FRANKFURT (Reuters) – German engineering firm Siemens (DE:) saw its contract volume increase by 20% in the three months to June and business in 2021 is expected to remain below 2019 levels, the financial director told the Boersenzeitung (BoeZ). RalfRead More →
The Dow Jones plummeted by 2.84% on June 26, recording a 9.27% fall since the month’s peak. As risk-on assets face the fear of a correction, the vulnerability of a near-term Bitcoin (BTC) price pullback may increase. While many fundamental factors are causing a stock market downtrend, analysts are pointingRead More →
As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors. Whales—individual investors thatRead More →
The price of Bitcoin (BTC) was unable to break through the resistance zone at $10,000 and corrected nearly 10% in a day. The drop down occurred on the same day that U.S. equity markets saw a substantial retracement. These moves automatically made investors and traders fearful of further continuation ofRead More →
CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May wasRead More →
U.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff when trading begins Monday, following the worst week on Wall Street since 2008. Dow Jones Industrial Average futures YM00, +0.39% initially fell more than 300 points, but reversed course and were last upRead More →
The S&P 500 index flirted with a full-blown market correction Thursday, a move that would mark its fastest such slide since the financial crisis. The S&P 500 SPX, -2.22% was off around 64 points, or 2%, near 3,053 after trading as low as 3.006.96. A close below 3,047.54 would markRead More →
U.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with no known origin was discovered in California. Dow Jones Industrial Average futures YM00, -1.31% sank more than 300 points, and S&P 500 ES00,Read More →
It finally happened. A bona fide selloff took hold Monday on Wall Street after investors spent weeks attempting to come to terms with the potential impact of the COVID-19 outbreak as it spreads in countries outside of China, notably Italy and Iran, threatening to dent global supply chains and economies.Read More →
2/2 © Reuters. An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia 2/2 By Swati Pandey SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirusRead More →
It is going to get worse before it gets better for the stock market, says prominent technical analyst Ralph Acampora. ‘I think it’s going to be a little deeper. I am looking at 10% maybe a little bit more even.’ Ralph Acampora A pioneer in the field of price chart-based trading, AcamporaRead More →
Almost exactly two years ago, investing legend Ray Dalio turned heads with one of the worst short-term market calls in recent memory. The Bridgewater Associates founder, in an interview at the World Economic Forum back in January 2018, told investors that they were going to “feel pretty stupid” if theyRead More →
Even as geopolitical tensions continue to ratchet up, there’s much to be bullish about in the stock market in the New Year — maybe too much, according to Chris Harvey, the head of equity strategy at Wells Fargo Securities. “There’s a lot of things to like. Rates are lower, creditRead More →
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group (N:) and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. Richard McGuire, the firm’s founder and portfolio manager, began telling investors ofRead More →
European stocks lost ground on Tuesday for the seventh time in nine sessions, with the perilous state of U.S.-China trade talks concerning traders. The Stoxx Europe 600 SXXP, -0.93% skidded 1.14% to 401.77. The German DAX DAX, -1.21% skidded 1.41% to 12920.77, the French CAC 40 PX1, -0.71% declinedRead More →
© Reuters. Big FX platforms see e-trading volumes drop over past three years: BIS By Saikat Chatterjee LONDON (Reuters) – Turnover on some of the world’s biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank forRead More →
Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →
(Bloomberg) — Most India stocks dropped on concern that the country’s slowing economic growth outweighs the effect of policy efforts to boost demand and will be a drag on corporate earnings. The S&P Index fell 0.2% to 40,746.55 as of 9:42 a.m. in Mumbai, retreating from a record-high close onRead More →
(Bloomberg) — Asian stock futures slumped Tuesday after a sell-off on Wall Street triggered by fresh tariffs announced by President Donald Trump, renewing concerns about global trade tensions. Japan’s currency held gains after its biggest jump since October on Monday in wake of Trump slapping steel tariffs on Brazil andRead More →
© Reuters. Investing.com – Softbank Group Corp. (T:) reported a whopping 704.4 billion yen ($6.5 billion) operating loss in the three months ended September 30, its first quarterly loss in 14 years. SoftBank’s signature Vision Fund, the world’s single largest pool of startup investments, reported a 970.3 billion yen lossRead More →
By Chibuike Oguh (Reuters) – U.S. buyout firm Carlyle Group LP (O:) reported a 25% year-on-year drop in its third-quarter earnings on Thursday, driven by lower proceeds from asset sales in its private equity portfolio. The Washington, D.C.-based firm said a slower pace of exit activity in some of itsRead More →
As if they fell under a curse from the red witch Melisandre, two major Hollywood tentpole projects have turned to dust in recent days, as “Game of Thrones” showrunners David Benioff and D.B. Weiss pulled out of a new “Star Wars” movie trilogy and HBO reportedly declined to pick upRead More →
ZURICH (Reuters) – UBS (S:) wants Iqbal Khan, co-head of its wealth management business, to drop his criminal complaint over a spying scandal that emerged after he left cross-town rival Credit Suisse (S:), the SonntagsZeitung newspaper reported on Sunday. UBS’s board would welcome it if Khan abandoned his complaint againstRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Shreyashi Sanyal (Reuters) – Wall Street was set to open lower on Wednesday after warnings from Caterpillar and Texas Instruments rekindled worries about a global economic slowdown due to U.S.-China trade tensions. Shares of Caterpillar IncRead More →
Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →
