Stocks are edging lower ahead of a crucial reading for May CPI that could challenge the market’s theory on ‘peak inflation’ in the world’s biggest economy. U.S. equity futures edged lower Friday, following on from Read more…
“We are not immune to the macro challenges with our customers and peer space,” said CFO Cynthia Gaylor. DocuSign (DOCU) – Get DocuSign Inc. Report shares crumbled Friday after the after the online signature vending group Read more…
“We have concerns around the impact of a consumer recession as well as heightened levels of competition,” said Goldman Sachs analyst Eric Sheridan. Netflix (NFLX) – Get Netflix Inc. Report shares slumped lower Friday after analysts Read more…
Stock futures edge lower with inflation in focus; Peak inflation debate may not be decided in complex CPI data; DocuSign shares crumble after Q2 earnings miss, muted outlook; AMD shares gain on robust near-term outlook Read more…
Bundesbank revised down growth projection for Germany’s GDP in 2022 and 2023, and upgraded inflation projection for 2022, 2023, and 2024. 2022 GDP growth is slashed from 4.2% to just 1.9%. 2023 growth was cut Read more…
ECB Governing Council member Francois Villeroy de Galhau told French radio that inflation is “not only too high but also too broad”. The ECB will purse a “gradual but sustained” rate hikes until reaching neutral Read more…
The Japanese yen has reversed directions and is in positive territory. In the European session, USD/JPY is trading at 133.86, down 0.38% on the day. Despite today’s gains, the yen remains under strong pressure. The Read more…
The Euro started a fresh decline from the 1.0775 resistance zone against the US Dollar. The EUR/USD pair traded below the 1.0700 support zone to move into a bearish zone. The price even traded below Read more…
USD came higher yesterday vs the EUR as European Central Bank President (ECB) Christine Lagarde was not clear enough about the upcoming rate if maybe they will stick to 25bp or can this hike be Read more…
Bitcoin was down 0.3% on Thursday, continuing to hover around $30K. This mild decline was a bonus of last month’s loss of correlation between the cryptocurrency and stock markets. Ethereum lost 0.4%, settling near $1800. Read more…