MongoDB delivered stronger results than analysts had been looking for, partly because of better cloud consumption activity than expected.
Archiv für den Monat: August 2024
Ulta misses Wall Street expectations first time in 4 years, trims guidance after quarterly sales decline
Comparable sales for the second quarter fell 1.2%, compared to an 8% increase a year earlier.
Lululemon cuts guidance, misses sales estimates after botched product launch
Lululemon’s growth in its largest market, the Americas, has slowed from the highs it saw last year as it contends with product rollout challenges.
Best Buy stock soars on a beat and raise. We think that’s just the beginning
We continue to see further upside ahead for Best Buy shares, so we’re increasing our price target.
Nvidia’s earnings report makes us want to buy more of this industrial stock
The Investing Club holds its „Morning Meeting“ every weekday at 10:20 a.m. ET.
Forexlive European FX news wrap 30 Aug – Eurozone CPI in line with expectations
- ECB Muller says confidence growth in Sep cut but after that is less certain
- EU commission chief says must play stronger role in defence
- AUD the strongest and CHF the weakest
- Japan’s MOF reports zero yen intervention from July 30 to Aug 28
- Eurozone flash HICP YY 2.2% vs 2.2% expected
- ECB Kazaks says open to discussing a September cut
- BoE consumer credit 1.215B vs 1.300B expected
- Spanish current account balance 5.02B vs 5.56B prior
- China regulator to guide Alibaba towards better compliance and service quality
- German Unemployment Rate 6.0% vs 6.0% expected
- ECB Rehn says falling growth and inflation makes case for a Sep rate cut
- What are money markets expecting from September’s central bank decisions
- ECB’s Schnabel urges caution and emphasizes data-driven policy
- Swiss KOF indicator 101.6 vs 100.6 expected
- French producer prices YY -5.4% vs -6.0% prior
- French GDP QQ final 0.2% vs 0.3% expected
- French prelim HICP YY 2.2% vs 2.1% expected
- What are the main events for today?
- Deepening downturn expected in China’s property market for 2024-2025
- UK nationwide house prices YY 2.4% vs 2.9% expected
- German import prices MM -0.4% vs 0.0% expected
- Japan housing starts YY -0.2% vs -0.1% expected
- Japan construction orders YY 62.8% vs -19.7% prior
- BofA looking for EUR outflows and USD inflows
- Mostly messy day for sentiment so far
- What do we have coming up for the calendar today
Markets:
- CAD leads, CHF lags on the day
- European equities higher;
S&P 500 futures up 0.44% - US 10-year yields flat at
3.856% - Gold
down 0.05% to $2,519 - WTI
crude up 0.29% to $76.18 - Bitcoin
up 0.19% to $59,474
It was a quiet session with subdued moves across the markets. The newsflow was once again a bit dull as the only notable release was the Eurozone Flash CPI which came out in line with estimates.
ECB speakers continue to support a September cut, which is fully priced in anyway, but they emphasize data dependency for the next cuts. The attention will now switch to the US PCE report due in an hour but it’s unlikely to trigger big moves unless we get strong deviations from the expected figures.
It’s all about the next week as we will get many top-tier economic indicators and the most important NFP report of the year.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
US home prices to climb steadily through 2026 but sales expected to dip
Reuters poll – U.S. home prices to rise 5.4% in 2024, 3.3% in 2025, and 3.4% in 2026 (vs 5.0%, 3.3%, and 3.4% in May poll).Reuters poll – U.S. existing home sales to rise to 4.15 million unit rate in Q4, 4.24 in Q1 2025 (vs 4.28 and 4.40 million in May poll).
This article was written by Arno V Venter at www.forexlive.com.
ECB Muller says confidence growth in Sep cut but after that is less certain
- ECB Muller: confidence is growing in a September rate cut
- ECB Muller: the policy path after the September meeting is less certain
This article was written by Arno V Venter at www.forexlive.com.
EU commission chief says must play stronger role in defence
EU’s Von der Leyen in Prague at GLOBSEC Forum: Integration of Ukraine in the European Union is for us at the heart of our peace effort.EU’s Von der Leyen: Protecting Europe is first and foremost Europe’s duty.EU’s Von der Leyen: NATO must remain centre of our collective defence but need much stronger European pillar.EU’s Von der Leyen: Central Europe could be one of drivers and one of greatest beneficiaries of this new push for European defence sector.EU’s Von der Leyen: Aim must be to build continent-size defence output, a systemic overhaul of Europe’s defence.EU’s Von der Leyen: We cannot afford any more illusions, the second half of the decade will be high-risk, Europeans must be on guard.EU’s Von der Leyen: We must refocus our attention on the security dimension of everything we do.EU’s Von der Leyen: We must think about our union as intrinsically a security project.
This article was written by Arno V Venter at www.forexlive.com.
AUD the strongest and CHF the weakest
It’s been a fairly choppy morning in FX so far.
The AUD is the strongest but neck and neck with the Pound for the strongest on the session.
The CHF is the weakest, with the JPY not to far behind it.
Eurozone data this morning has been mixed with GDP data out of France printing worse than expected while inflation printed higher than expected. Eurozone total HICP YY printed in line with expectations, with the ex food and energy measure printed a bit higher than expected (but remained at the prior of 2.8%).
Nothing in today’s data was enough to change market expectations about ECB rate expectations.
This article was written by Arno V Venter at www.forexlive.com.