Clarida noted that policy moves by the Fed and Congress have helped stimulate activity like buying houses and cars
Archiv für den Monat: Oktober 2020
Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman Sachs
These are the stocks posting the largest moves before the bell.
Americans are ‘panic buying’ life insurance due to coronavirus pandemic
Consumers are buying life insurance in higher numbers due to the fear of death associated with Covid-19.
Wells Fargo earnings fall short of estimates as low rates hit interest income
Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank’s net interest income.
Wells Fargo earnings fall short of estimates as low rates hit interest income
Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank’s net interest income.
Goldman Sachs wallops profit estimates on stronger-than-expected bond trading
Godlman generated $3.62 billion in profit, or $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by Refinitiv.
Bank of America shares dip as the lender, pressured by low rates, misses on third-quarter revenue
Bank of America’s revenue was hit by falling interest rates.
ForexLive European FX news wrap: Sterling chops higher as UK may extend Brexit talks
Forex news from the European trading session – 14 October 2020
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities lower; E-minis flat
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities lower; E-minis flat
UK PM Johnson: Advice I have to day is that regional lockdowns can bring down virus spread
UK prime minister, Boris Johnson, remarks in PMQs
He is trying to brush aside the pressure and calls for a ‚circuit breaker‘ lockdown in the UK but if his current approach doesn’t bear fruit soon enough, expect the naysayers to hang the virus situation over his head in the coming weeks/months.
He is trying to brush aside the pressure and calls for a ‚circuit breaker‘ lockdown in the UK but if his current approach doesn’t bear fruit soon enough, expect the naysayers to hang the virus situation over his head in the coming weeks/months.
US MBA mortgage applications w.e. 9 October -0.7% vs +4.6% prior
Latest data from the Mortgage Bankers Association for the week ending 9 October 2020
– +4.6%
– Market index 798.9 vs 804.7 prior
– Purchase index 311.1 vs 316.0 prior
The long-term mortgage rate falls to a new record low on the survey as the drop in mortgage applications largely stems from a slight moderation in purchase activity. That
– +4.6%
– Market index 798.9 vs 804.7 prior
– Purchase index 311.1 vs 316.0 prior
The long-term mortgage rate falls to a new record low on the survey as the drop in mortgage applications largely stems from a slight moderation in purchase activity. That