The dollar index edges lower from new 2023 high in European session on Wednesday, driven by a partial profit-taking, as the price faced headwinds at 107 zone (50% retracement of 114.72/99.20 downtrend/psychological/weekly Ichimoku cloud top). Read more…
Five things you need to know before the market opens on Wednesday October 4: 1. — Stock Market Today: Treasury yields extend spike with stocks at 4-month lows With Treasury yields rising, and market volatility gauges Read more…
Ford Motor (F) – Get Free Report shares edged lower in pre-market trading after the carmaker said it has made a new “comprehensive” counter-offer on pay and benefits to the United Autoworkers’ Union. Ford, which has Read more…
Intel (INTC) – Get Free Report shares moved higher in pre-market trading following the chipmaker’s move to spin-out a key division, with plans for a near-term IPO, as the group continues to streamline its business. Intel Read more…
ADP, the payroll processing group, will publish its reading on private sector hiring over the month of September Wednesday as investors remain keenly-focused on developments in the labor market amid soaring bond yields and renewed Read more…
Apple (AAPL) – Get Free Report shares moved lower in pre-market trading after analysts at KeyBanc Capital Markets lowered their rating on the tech giant citing softer near-term iPhone sales and a muted upgrade cycle. KeyBanc Read more…
U.S. equity futures extended declines Wednesday, with the Dow slipping further into negative territory for the year, as a surge in Treasury bond yields continues to hammer global markets amid renewed inflation concerns. Stocks slumped Read more…
Eurozone PPI came in at 0.6% mom, -11.5% yoy in August, versus expectation of 0.6% mom, -11.6% yoy. For the month, industrial producer prices increased by 2.5% mom in the energy sector, while prices remained Read more…
Eurozone retail sales fell -1.2% mom in August, well below expectation of -0.5% mom. Volume of retail trade decreased by -3.0% for automotive fuels, by -1.2% for food, drinks and tobacco and by -0.9% for Read more…
ECB President Christine Lagarde reiterated in a speech today that current interest rates are at the level to return inflation to target in a timely manner. She also laid out three criteria for future decisions. Read more…