U.S. stock futures were lower early Wednesday morning as rising rates continued to frighten away investors from high-priced tech shares.
Archiv für den Monat: November 2021
Stocks making the biggest moves after hours: Nordstrom, Gap, VMware, HP and more
These are the stocks posting the largest moves after the bell.
Gap shares crater 15% after retailer sees millions in lost sales from delayed product shipments, cuts its forecast
Gap Inc. on Tuesday slashed its full-year outlook due to supply chain complications that put a damper on its third-quarter sales and took a bite out of profits.
Nordstrom shares tumble more than 20% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales
Nordstrom earnings fell short of analysts‘ expectations as labor costs ate into profits and sales struggled to return to pre-pandemic levels.
US MBA mortgage applications w.e. 19 November +1.8% vs -2.8% prior
Latest data from the Mortgage Bankers Association for the week ending 19 November 2021
– -2.8%
– Market index 651.3 vs 639.9 prior
– Purchase index 295.7 vs 282.5 prior
Despite a bump higher in the long-term mortgage rate to near the recent peak of 3.30%, purchase activity carried the jump in mortgage applications in the past week. Of
– -2.8%
– Market index 651.3 vs 639.9 prior
– Purchase index 295.7 vs 282.5 prior
Despite a bump higher in the long-term mortgage rate to near the recent peak of 3.30%, purchase activity carried the jump in mortgage applications in the past week. Of
German coalition to prioritise overcoming pandemic, calls it most important job
Reuters reports, citing senior officials familiar with talks between the parties
Expanding from the headline, the coalition is said to found a COVID-19-specific special taskforce in dealing with the pandemic. Just some details before the announcement, some time around 1400 GMT. This involves the ‚traffic light‘ coalition, as outlined earlier .
Expanding from the headline, the coalition is said to found a COVID-19-specific special taskforce in dealing with the pandemic. Just some details before the announcement, some time around 1400 GMT. This involves the ‚traffic light‘ coalition, as outlined earlier .
UK November CBI trends total orders 26 vs 9 prior
Latest data released by CBI – 24 November 2021
CBI notes that:
On price expectations, CBI’s measure (which gauges price expectations in the next three months) jumped from 59 in October to 67 – the highest since May 1977. And that is reflective of global supply chain issues in light of strong demand conditions too.
CBI notes that:
On price expectations, CBI’s measure (which gauges price expectations in the next three months) jumped from 59 in October to 67 – the highest since May 1977. And that is reflective of global supply chain issues in light of strong demand conditions too.
Fitch downgrades China’s Aoyuan for the third time this month
Aoyuan downgraded from ‚B-‚ to ‚CCC-‚
For some context, Aoyuan has $188 million bonds maturing on 20 January 2022 and $500 million bonds maturing on 22 January.
For some context, Aoyuan has $188 million bonds maturing on 20 January 2022 and $500 million bonds maturing on 22 January.
ECB’s Panetta: Downside risks to the economy may be growing
Remarks by ECB executive board member, Fabio Panetta
– Continued monetary stimulus is necessary
– Premature tightening of policy could turn supply shock into prolonged recession
Some light acknowledgment that economic conditions are facing stronger headwinds but the part of inflation is consistent with the messaging that policymakers have been maintaining for a while now i.e. that it
– Continued monetary stimulus is necessary
– Premature tightening of policy could turn supply shock into prolonged recession
Some light acknowledgment that economic conditions are facing stronger headwinds but the part of inflation is consistent with the messaging that policymakers have been maintaining for a while now i.e. that it