SPY continues to frustrate the herd expecting a pullback. SPY shorts are beginning to cover in the latest Commitment of Traders report. SPY looks technically overbought but this can continue. The S&P ETF, SPY, continues to confound many seasoned commentators looking for a late summer sell-off. The market byRead More →
US equity markets saw an aggressive rally into the Friday close, with the S&P 500 now back close to ATHs. US data was largely ignored, with investors reverting to default bullishness on the prospects for the US economic recovery. US equity markets were seemingly panic bought into Friday’s close,Read More →
NYSEAMERICAN:IBIO falls another 5.13% to end the week in the red. iBio Inc. falls behind competitors in the race for COVID vaccine. NYSE:AMERICAN:IBIO has dropped a further 5.13% during Friday’s trading session, ending the week at $4.44 per share, representing a 17% decrease from the start of the week.Read More →
Volatility in U.S. equities is catching the market off guard today, but there is a trade-off to be made. The committed bulls are trapped, hoping that 21-DMA will hold up for a second time. The fact that JP Morgan’s share price cannot sustain gains after a very strong andRead More →
European stocks mostly rose on Thursday, with the exception of U.K. equities, as multinationals suffered from the continued run-up in the British pound. The Stoxx Europe 600 SXXP, +0.30% increased 0.29% to 404.37. The German DAX DAX, +0.03% and French CAC 40 PX1, +0.50% also rose. U.S. stock futures ES00,Read More →
© Reuters. FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt FRANKFURT (Reuters) – Deutsche Bank (DE:) plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender The bank will also scrap its global equities business and scale backRead More →
Treasury prices fell Tuesday, pushing yields higher, with a modest rise in stocks sapping demand for government paper. The 10-year Treasury note yield TMUBMUSD10Y, +1.38% climbed 3.7 basis points to 2.590%. The 2-year note yield TMUBMUSD02Y, +0.18% was up 0.3 basis point to 2.394%, while the 30-year bond yield TMUBMUSD30Y,Read More →
© Reuters. Investing.com – Asian stocks advanced in morning trade on Monday, with Chinese equities jumped more than 2% following the release of the data that showed economic activity in China unexpectedly recovered in March. China’s and the jumped 2% and 2.9% respectively by 10:35 PM ET (02:35 GMT). HongRead More →
© Reuters. Investing.com – Chinese equities jumped more than 3% in morning trade on Monday after U.S. President Donald Trump announced that he will delay additional tariffs on Chinese goods, citing “substantial progress” in bilateral talks. The and the traded 3.3% and 4.3% higher by 10:15 PM ET (03:15 GMT).Read More →
© Reuters. Investing.com – Asian stocks were mixed in morning trade on Thursday as traders await China trade data and the outcome of the latest Sino-U.S. trade negotiations. The was trading near flat while the edged up 0.1% by 9:30 PM ET (02:30 GMT). Hong Kong’s was down 0.6%. InvestorRead More →
© Reuters. A specialist trader is reflected on his screen on the floor of the New York Stock Exchange LONDON (Reuters) – Amundi Asset Management has recommended investors restart building their exposure to emerging markets and developed market credit, assets which are often considered more risky, after suffering a brutalRead More →
