Azenta is sitting on a pile of cash, and shareholders will want to know the company’s plans for the money.
Archiv für den Monat: September 2023
Bill Ackman’s ‚SPARC‘ gets OK from the SEC and he’s ready for a deal: ‚please call me‘
The Securities and Exchange Commission greenlit what the Pershing Square CEO has called a SPARC — a special purpose acquisition rights company.
Bill Ackman’s ‚SPARC‘ gets OK from the SEC and he’s ready for a deal: ‚please call me‘
The Securities and Exchange Commission greenlit what the Pershing Square CEO has called a SPARC — a special purpose acquisition rights company.
Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more
These are the stocks posting the largest moves in midday trading.
Citigroup CEO Jane Fraser sees ‚cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.
Euro Q4 Fundamental Forecast: EUR/USD in Peril on Growing Economic Risks
This article is dedicated to examining euro’s fundamental outlook. It offers an exhaustive analysis of EUR/USD, EUR/GBP, and EUR/JPY, providing insights into the pivotal factors that could determine their performance in the fourth quarter.
Bitcoin Technical Outlook: Price Action Remains Choppy Heading into Q4
This article is dedicated to examining the technical side of Bitcoin in Q4. For a complete understanding of the fundamental outlook and the pivotal drivers in Q4, download DailyFX’s all-inclusive fourth-quarter trading guide.
Australian Dollar Q4 Fundamental Forecast: AUD/USD, AUD/JPY
With the Reserve Bank of Australia (RBA) on hold since June and China’s economic woes continuing, the Australian dollar exhibits few bullish drivers – which opens up the possibility for narrow range trading at suppressed levels
British Pound Q4 Technical Forecast: GBP/USD, EUR/GBP, GBP/JPY
This quarterly outlook provides an in-depth analysis of GBP/USD, EUR/GBP, and GBP/JPY, focusing on price action dynamics. It delves into critical technical factors that are poised to influence market direction in the coming months.
Forexlive Americas FX news wrap: PCE inflation softens but USD still rips into month-end
- US August core PCE +3.9% y/y vs +3.9% expected
- Canada GDP month-to-month for July 0.0% versus 0.1% estimate
- US advanced good trade balance for August -84.27B versus $-91.4 billion estimate
- US August advanced wholesale inventories -0.1% versus -0.2% prior
- September final UMich US consumer sentiment 68.1 vs 67.7 expected
- Baker Hughes US oil rig count 116 vs 118 prior
- Feds Williams: Fed is at or near peak for federal funds rate
- OPEC+: Ministerial panel unlikely to recommend output policy change at October 4 meeting
- EIA: US overall crude oil production up 0.7% to 12.99M BPD in July. Highest since Nov 2019
- Canada July budget deficit of C$4.86 billion vs $3.87 billion a year ago
- UAW to expand strike against Ford and GM
- ECB’s Villeroy: Recent volatility in long bonds has been somewhat excessive
- US Senator Dianne Feinstein has died at 90 – report
Markets:
- Gold down $16 to $1848
- WTI crude oil down 78-cents to $90.93
- US 10-year yields down 0.2 bps to 4.57%
- S&P 500 down 12 points to 4288
- AUD leads, CAD lags
The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some cases making new highs. USD/CAD was particularly strong as oil prices reversed lower to finish the week flat.
Once again, Treasury yields turned higher after an early slide. That took down equity markets, which finished largely flat after a strong open.
The reasons for the moves were more to do with quarter-end flows than fundamentals as the inflation numbers in the PCE report were slightly soft and Williams tilted dovish.
Gold was battered once again in a fall to the lowest since mid-March.
The US dollar had been much softer going into North American trade but it gained strongly and broadly to finish largely unchanged on the day. That wraps up trading for the week, month and quarter. I’ll have the October seasonals up on the weekend so check in.
Have a great weekend.
This article was written by Adam Button at www.forexlive.com.