Bleakley Advisory Group’s Peter Boockvar believes the Federal Reserve should have pulled back its pandemic aid policies much sooner.
Stock futures are little changed ahead of key Fed decision
The Fed will conclude its two-day policy meeting on Wednesday and the public will hear from Chair Jerome Powell.
Lowe’s shares fall as sales outlook disappoints, home improvement demand could cool
During an analyst meeting, Lowe’s Chief Financial Officer Dave Denton said the retailer is preparing for a „modest sector pullback in 2022.“
The FOMC meeting decision countdown continues..
As mentioned earlier, this is very much a placeholder session as we await the Fed. The dollar remains little changed for the most part while equities and bonds are fairly tentative still on the day.There is a lack of appetite to do much before the Fed, so expect the lull to continue in the hours ahe
China authorities audit Evergrande, say no fire sale or bailout needed for now
The report highlights that Chinese authorities are scrutinising assets of Evergrande and its chairman, Hui Ka Yan, but expect no fire sale for the time being.If anything else, the audit reaffirms how Beijing is taking control of the situation. In turn, it allows authorities to decide on whether a st
UK rate futures reflect slightly higher odds of BOE rate hike this week after hot CPI report
Rate futures are showing a 61% chance of the BOE hiking rates tomorrow now and that is up from the below 50% odds before the hot UK CPI report earlier here. The data indicated that UK inflation is at its highest since 2011 and that puts a lot of pressure on policymakers ahead of tomorrow’s key decis
Dollar little changed for the most part, awaiting the Fed
The market is pretty much sitting on edge right now as the countdown to the Fed decision continues.
There isn’t much else for traders and investors to work with in the meantime, so that is leaving a lot to be desired at the moment. The dollar is mildly weaker against the euro but EUR/USD is resting
There isn’t much else for traders and investors to work with in the meantime, so that is leaving a lot to be desired at the moment. The dollar is mildly weaker against the euro but EUR/USD is resting
European equities mixed at the open today
Eurostoxx +0.3%Germany DAX +0.4%France CAC 40 +0.4%UK FTSE -0.1%Spain IBEX -0.5%There is some light optimism observed but it belies the more tentative mood overall. Be mindful that European stocks will close today before the FOMC meeting, so sentiment post-Fed will matter for tomorrow’s start.For no