By Lewis Krauskopf NEW YORK (Reuters) U.S. value stocks may be getting a second wind, as bets on economic strength bolster Treasury yields and lift cyclically-sensitive shares that have stagnated in recent months after a powerful rally earlier this year. The S&P 500 value stock index, which is relatively heavily weighted in shares of financials, energy firms… Continue reading Wall Street Week Ahead: Investors give value stocks a second look as bond yields rally
By Yasin Ebrahim The dollar ended flat Friday, but traders are warming up to the idea of that greenback’s run higher is here to stay, as bets on the world’s reserve currency turned positive for the first time since the pandemic began. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six… Continue reading Dollar Bears on the Run as Bets Turn Positive for First Time Since Pandemic
Wrotten By Kane Wu HONG KONG (Reuters) Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to recover however with FTSE futures and E-mini futures for the S&P… Continue reading Stocks falter as virus fan outbreaks global recovery fears at end of July 2021. Spot gold was up 0.3% at $1,817.28
Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious spread of Covid-19’s delta variant and central banks already talking about tighter monetary policy to bring inflation under control, there’s a growing sense of worry that financial markets have become too optimistic. The shift… Continue reading Wall Street’s New Fear Is That the Economy Has Already Peaked
AUD/JPY could break this key support level. Most of Wall Street (and beyond) will be focused on Q2 earnings reports over the next couple of weeks, but traders shouldn’t forget about the key macroeconomic releases on the calendar. On that front, next week brings a highly-anticipated ECB monetary policy meeting (check back early in the week for… Continue reading AUD/JPY Testing Key Support Ahead Of Australia Data. Who profited from the pair’s post-COVID rally?
By Geoffrey Smith U.S. stocks started Friday on a strong note, with all three main indices rising after retail sales data for June showed the U.S. consumer still spending freely. The Dow Jones Industrial Average was up 27 points, or 0.1%, while the S&P 500 was up 0.2% and the Nasdaq Composite was up 0.4%. They’re on track for their fourth… Continue reading Wall Street Opens Higher; Moderna Shines After S&P 500 Inclusion. U.S. stocks started Friday on a strong note
The major cap tech stocks struggled to keep up their recent moment. The S&P 500 fell Thursday, shrugging off another wave of mostly positive earnings as struggles in tech weighed on the broader market. The S&P 500 fell 0.50%, the Dow Jones Industrial Average lost 0.04%, or 14 points, the Nasdaq was down 0.91%. Banks continued to report quarterly… Continue reading S&P 500 Sidesteps Positive Earnings as Tech, Energy Slip