Archiv für den Monat: April 2023
Buffett says U.S. bank deposits are safe and the government would backstop all of them if necessary
Buffett discussed the bank crisis on CNBC’s „Squawk Box.“
Warren Buffett explains why he bought 5 Japanese trading houses: I was ‚confounded‘ by the opportunity
The Berkshire Hathaway chairman and CEO spoke live from Japan to CNBC’s Becky Quick on „Squawk Box.“
Warren Buffett says he doesn’t understand AI but he asked ChatGPT to write a song in Spanish
Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he took a crack at the buzzy chatbot ChatGPT.
Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and more
Mongo DB’s stock after Morgan Stanley upgraded the software company to overweight, citing its leadership in cloud optimization initiatives.
Warren Buffett says we’re not through with bank failures
Investing legend Warren Buffett believes there will be more bank failures down the road even as the current banking crisis gets resolved.
Warren Buffett explains why he bought 5 Japanese trading houses: I was ‚confounded‘ by the opportunity
The Berkshire Hathaway chairman and CEO spoke live from Japan to CNBC’s Becky Quick on „Squawk Box.“
Banking turmoil was not a crisis but ‚the downside risks are real,‘ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now subsided, according to IIF CEO Tim Adams.
ForexLive European FX news wrap: A snoozer ahead of the US CPI data release
Headlines:
- All eyes on the US CPI data later today
- Dollar steady with major currencies mostly little changed on the day
- French stocks at record high as European equities maintain the optimism
- BOJ’s Uchida: Will continue monetary easing to achieve price stability target
- US MBA mortgage applications w.e. 7 April +5.3% vs -4.1% prior
Markets:
- AUD leads, GBP lags on the day
- European equities slightly higher; S&P 500 futures up 0.1%
- US 10-year yields up 1.7 bps to 3.450%
- Gold up 0.2% to $2,007.88
- WTI crude flat at $81.45
- Bitcoin down 0.6% to $30,009
It was a largely quiet session and understandably so, as markets are sitting on edge awaiting the US CPI data release later today.
There isn’t much to really comment as it was a sideways session with little appetite for any market moves while there were no major economic data releases in Europe as well.
Major currencies are little changed with the dollar keeping more mixed and relatively steady, after a bit of a retreat yesterday. Meanwhile, the bond market also isn’t hinting at much with Treasury yields not much changed. 2-year yields are seen around 4.05% while 10-year yields in the US are still holding just above the key threshold of 3.30% – now at 3.45% on the day.
In the equities space, there is some mild optimism as European stocks are inching higher. The CAC 40 index is at fresh record highs while the DAX itself is also trading to its highest levels for the year. The gains are modest at best though, as there is still some caution in the air for now.
All eyes are fixated on the US consumer price inflation report (and Fed minutes) to follow and that will set the tone for the remainder of the week.
This article was written by Justin Low at www.forexlive.com.
US MBA mortgage applications w.e. 7 April +5.3% vs -4.1% prior
- Prior -4.1%
- Market index 229.5 vs 217.9 prior
- Purchase index 179.6 vs 166.6 prior
- Refinance index 477.5 vs 477.2 prior
- 30-year mortgage rate 6.30% vs 6.40% prior
The climb down in the average interest rate for the most popular US home loan (as seen below) is continuing to benefit mortgage activity in general over the past two months or so. This time around, purchase activity is seen picking up substantially and that is helping to give a bit of a lift to the market after a rather awful last one year.
/US Dollar
This article was written by Justin Low at www.forexlive.com.