The stocks making the biggest moves in premarket trading include Kohl’s, Snap, Peloton, and more.
Archiv für den Monat: Januar 2022
China’s consumers spent $73.6 billion on luxury goods at home last year, up 36% from 2020
Chinese consumers are spending more on luxury goods at home, despite the pandemic, consultancy Bain & Company said in its annual report on the sector.
Stock sell-off set to continue as investors brace for the Fed, Dow futures fall more than 300 points
The early Monday action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.
Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
Goldman economist David Mericle said the omicron spread is aggravating price increases and could push the Fed into a faster pace of rate hikes.
Weekly Fundamental US Dollar Forecast: Will the Fed Derail the Dollar Rebound?
Fed rate hike expectations have ratcheted higher in recent weeks. If the FOMC disappoints, the US Dollar may be in trouble.
Markets Week Ahead: Nasdaq 100, Gold, Bitcoin, USD, Fed, Tech Earnings, Volatility Returns
The Nasdaq 100 was wrecked as global market sentiment soured again ahead of earnings from Apple and Tesla. The US Dollar and Japanese Yen are on the rise, but what is keeping gold and crude oil res…
Bundesbank: Inflation will remain exceptionally high in early 2022
German economy likely shrank in Q4 2021Manufacturing remained constrained by supply disruptions, consumption fell on renewed COVID-19 fearsInflation developments may take longer to improvePrice growth could remain „exceptionally high“ in early this year due to soaring energy prices, supply bottlenec
Equities tumbling further on the session
Risk sentiment is not looking pretty as we start to transition to the handover from Europe to North America. Equities are tumbling further as the mood sours and we are seeing more notable moves across the market.European indices are closing in on 2% losses now while US futures have made a U-turn to
NZD/USD falls to lowest since November 2020
Sellers are looking to break key support near the 0.6700 level, which helped to stem the initial decline back in December. The 38.2 retracement level @ 0.6702 adds to the support layer but both appear to be giving way now in a drop to 0.6690. Of course, the daily/weekly close is still one that will
Dollar extends gains as risk sentiment begins to sour
Of note, AUD/USD is now down near 0.7% to 0.7135 as price closes in on the 7 January low of 0.7130. A push below that opens up the path towards some minor support at 0.7100 next before a potentially steeper drop towards 0.7000 again.
Elsewhere, USD/CAD is moving back up above 1.2600 as oil