JPMorgan CEO Jamie Dimon discussed the future of energy on CNBC’s „Squawk Box“ on Tuesday.
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Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
These are the stocks posting the largest moves before the bell.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged „hypocrisy“ in its ESG messaging.
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ’surprises‘
After a tumultuous year, Standard Chartered expects more volatility in 2023 and says several potential surprises are being „underpriced“ by the market.
Over $400 billion has been erased from the value of Europe’s tech industry this year
The combined value of all public and private European tech firms has fallen from to $2.7 trillion from a peak of $3.1 trillion in late 2021, a new report says.
Stocks making the biggest moves after hours: MongoDB, Toll Brothers, Dave & Buster’s and more
These are the stocks posting the largest moves in extended trading Tuesday.
MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit
MongoDB provided upbeat commentary on demand even as some companies are being more cautious with spending on Salesforce and other software.
US MBA mortgage applications w.e. 2 December -1.9% vs -0.8% prior
<ul><li>Prior -0.8%</li><li>Market index 204.2 vs 208.1 prior</li><li>Purchase index 175.5 vs 181.0 prior</li><li>Refinance index 340.8 vs 325.5 prior</li><li>30-year mortgage rate 6.41% vs 6.49% prior</li></ul>
This article was written by Justin Low at forexlive.com.
Dollar holds more mixed so far on the day
<p style=““ class=“text-align-justify“>European stocks are holding lower, with S&P 500 futures also seen down 6 points, or 0.15%, so far on the day. Meanwhile, 10-year Treasury yields are little changed and keeping close to 3.53% so that is not offering traders a whole lot to work with in the major currencies space.</p><p style=““ class=“text-align-justify“>The dollar is sitting more mixed with USD/JPY up 0.3% to 137.40 but off earlier highs of 137.85, though buyers are still in near-term control as outlined earlier <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-holds-steady-to-start-the-session-20221207/“ target=“_blank“ rel=“follow“>here</a>. Elsewhere, EUR/USD is up 0.3% to 1.0500 and running into a test of its 100-hour moving average (after a bounce near its 200-hour moving average):</p><p style=““ class=“text-align-justify“>Price action is somewhat stuck in between the key near-term levels and the same is said for GBP/USD, which is seen up 0.4% to 1.2180 levels. That said, cable is caught in a tussle in trying to stay above its 200-day moving average in the bigger picture:</p><p style=““ class=“text-align-justify“>This comes after a bit of a retreat after running into its August highs at 1.2276-93 and also its 50.0 Fib retracement level from the swing lower since last year, seen at 1.2303.</p><p style=““ class=“text-align-justify“>Elsewhere, USD/CAD is up another 0.2% to 1.3680 as oil prices are pressured further as noted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/oil-tumbles-to-fresh-lows-for-the-year-20221207/“ target=“_blank“ rel=“follow“>here</a>. Amid a more tepid mood in the equities space, the antipodeans are mixed with AUD/USD down 0.2% to 0.6670-80 levels while NZD/USD is up 0.2% to 0.6332 currently.</p><p style=““ class=“text-align-justify“>AUD/USD in particular is getting sucked back in towards a test of its 100-day moving average (red line) as sellers continue to keep near-term control on a hold below its 100 and 200-hour moving averages at 0.6762 and 0.6741 respectively.</p>
This article was written by Justin Low at forexlive.com.
Eurozone Q3 final GDP +0.3% vs +0.2% q/q second estimate
<ul><li>GDP +2.3% vs +2.1% y/y second estimate</li></ul><p style=““ class=“text-align-justify“>There’s a slight revision higher and looking at the breakdown, household consumption expenditure contributed to 0.4% in GDP growth while contribution from government final expenditure was negligible. Meanwhile, gross fixed capital formation contributed 0.8%, contribution from external balance was negative at -1.1%, and contribution from changes in inventories was seen up 0.2%.</p>
This article was written by Justin Low at forexlive.com.