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Investors are very much cautious today as economic numbers released this week have not shown strong recovery. For instance, Chinese Manufacturing Services eased off last month and the US GDP data for the last quarter was also short of expectations. Having said that, the US corporate earnings were immensely strong, and so far more than…
The US and European futures are trading higher as traders digest the dovish message from the Federal Reserve yesterday. We have also seen a strong session over in Asia, which is also strengthening the optimism among investors and traders in Europe. Having said that, traders do need to keep in mind one particular comment made…
Today is a big day, and all eyes will be on the Chairman of the Federal Reserve, Jerome Powell, who will be announcing the US monetary policy decision on interest rates and the asset purchase programme. Market expectations are that the Fed will not move a muscle during this meeting, and it will leave things…
Tesla’s Earnings When it comes to Tesla’s earnings, it is about one main headline, and that is how Tesla added nearly $101 million in profit to its Q1 earnings. Tesla announced that it bought $1.5 billion worth of “digital assets” during Q1 but then the company sold nearly 272 million worth of Bitcoin during Q1…
Investors are primarily concerned about the serious rise in coronavirus cases in India and its impact on the feeble global economic recovery. There is no doubt that the coronavirus situation is out of control in India; over 350K new Covid cases were registered on Sunday. India desperately needs help. Joe Biden, the US President, has…
European and US futures are trying to recover some of their losses from yesterday. The Dow Jones, and the S&P 500 saw sharp downward moves in their prices yesterday on the back of news that the US President is planning a substantial increase in tax hikes for wealthy individuals. Under the new proposal, individuals who…
European futures are trading higher as traders pick up momentum from Wall Street, where we saw the Dow Jones index posting some strong gains. It seems like traders are taking every retracement in the stock market as an opportunity to jump back in or double down on their riskier bets, and this is pushing the…
When it comes to Netflix, three things matter the most. Firstly subscribers, secondly margin, and thirdly content. Netflix only added one million new paid subscribers for the first quarter, which is an appalling number. If we look at the total number of subscribers in the first quarter, that number isn’t impressive either—it came in at…
Investors are very focused on the earning seasons and they are trying the gauge the economic recovery in the private sector. So far, we have seen strong earnings from the US companies especially the US banks that reported their earnings last week. Basically, traders would like to see an echo of the same message that…
This weekend was all about crypto craziness, and we saw some speculators shaking out of the markets, and bargain hunters adding more positions to their portfolio. Bitcoin believers know that it is absolutely crazy to sell Bitcoin during a bull rally. The reason that we saw Bitcoin prices plunge over $10K for a brief moment…
European traders are taking cues from Asian markets, where we have seen decent price action on the back of the Chinese economic numbers. The DAX index is on track to record its 7th consecutive week of gains, and despite the fact that the index is near its record highs, traders still believe that there is…
Today is an important day as investors prepare themselves for the beginning of a new earnings quarter. Wall Street giants will be reporting their earnings, and investors will dissect their reports very closely. JP Morgan, Goldman Sachs, and Wells Fargo are some of the names who will report their earnings, and so far, the price…
Wall Street experienced lacklustre price action yesterday, and US futures aren’t looking healthier today either. That is because investors have become hesitant to take big bets for two specific reasons. Firstly, there are concerns that US inflation data, which is due today, could bring higher volatility. This could be especially true if we see a…
European and US stock futures are trading a little soft on the first trading day of the week. However, traders are largely optimistic about the stock market because of the stimulus and monetary policy support. Monetary Policy Support No matter how strong the economic recovery has been so far, the Federal Reserve isn’t likely to…
Geopolitical tensions are on the rise as the US blacklists several Chinese supercomputing companies and uses the excuse of national security concerns. Of course, this reaction is going to be met with an equal response, which means China is likely to block some US companies. The concern is how far this game of blacklisting can…
European and US futures are trading higher as traders are finding comfort in the Fed’s monetary stance. Jerome Powell, the Fed Chairman, made it very clear yesterday that the Fed isn’t going to make any hasty decision in relation to its monetary policy. Traders have finally understood that there will be no early exit from…
European and US stock futures are trading lower, but they are still hovering near their all-time high as investors remain optimistic about stimulus-supported recovery. One particular takeaway from Joe Biden’s speech yesterday was that he has full confidence in his team. That is because he mentioned that he hasn’t spoken to the Chairman of the…
European futures are trading higher as traders have returned from their long holiday weekend. This is the first time that investors will get a chance to react to a solid US jobs report, and we have already seen the flavour of this in the US markets. Having said that, some investors are likely to pay…
The US jobs report, which came out on Friday surprised the market because no one was expecting the US NFP to come in that strong. The US economy created over 916K jobs when the forecast was for 652K. The unemployment rate also fell further to 6.0% from its previous reading of 6.2%. The only softness…
The President of the United States, Joe Biden, introduced his new stimulus plan of $2 trillion, which is going to uplift the US infrastructure over the coming 8 years. The President plans to fund this spending through higher tax rates, and the concern is that market players may not like higher taxes at this time….
