Wells Fargo Securities‘ Mike Mayo delivers a bullish forecast for banks ahead of earnings season.
Stuck in China, consumers are spending millions for luxury goods in Hainan
Chinese consumers opened their wallets to shop during the week-long National Day holiday that ended Thursday, even as travel numbers fell.
Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000
The Republican senator scooped up the world’s largest cryptocurrency on Aug. 16 worth between $50,001 to $100,000, according to a filing on Thursday.
S&P 500 rises on Friday despite disappointing jobs report, heads for winning week
Tech stocks led the gains on Friday as the poor payrolls figure eased concerns the Federal Reserve would move rapidly to remove monetary stimulus.
Shares of semiconductor giant Samsung fall after it says third-quarter profit likely rose 28%
Samsung said its operating profit for the quarter that ended in September was up 28% from a year ago to 15.8 trillion Korean won ($13.26 billion).
ForexLive European FX news wrap: Slow and steady awaiting payrolls
Forex news from the European trading session – 8 October 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.1%
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.1%
China says that will support coal-fired power firms to increase power supply
Remarks by China’s cabinet via state media
That is a bit of a mouthful but essentially China is just reaffirming that they will be there to address the power crunch, after having earlier sought to increase coal output . This doesn’t put an end to the energy crisis but at least it alleviates some pressure for
That is a bit of a mouthful but essentially China is just reaffirming that they will be there to address the power crunch, after having earlier sought to increase coal output . This doesn’t put an end to the energy crisis but at least it alleviates some pressure for
Risk sentiment tentative ahead of payrolls data
European indices keep more mixed, US futures little changed
It has been a relatively quiet session in Europe as we continue to count down to the US non-farm payrolls release later today.
It has been a relatively quiet session in Europe as we continue to count down to the US non-farm payrolls release later today.
BOE: Asset valuations could correct sharply
Remarks by the BOE financial policy committee in its latest focus summary
They note that there is „heightened risk-taking in some financial markets“ before elaborating on that as per the below:
They note that there is „heightened risk-taking in some financial markets“ before elaborating on that as per the below:
UK consumer confidence sinks amid inflation fears – BofA survey
Inflation worries mount in the UK
With the economy already seeing the reopening demand moderate and supply bottlenecks as well as labour shortages weighing, inflation worries are adding to concerns of a further slowdown towards the year-end.
With the economy already seeing the reopening demand moderate and supply bottlenecks as well as labour shortages weighing, inflation worries are adding to concerns of a further slowdown towards the year-end.