The rout in technology shares is poised to continue on Tuesday with Big Tech stocks coming under pressure again in premarket trading.
Google Pay now lets U.S. users send money to India and Singapore
The World Bank forecasts that remittances into low- and middle-income countries were worth $508 billion in 2020.
Palantir reports 49% revenue growth for its first quarter
The data analytics company beefed up its commercial segment during the quarter, with strong growth in the U.S.
Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test
Virgin Galactic delivered first quarter results after the market closed on Monday.
Roblox revenue grows 140% in first earnings report since company went public
Roblox revenue grew 140% in the company’s first earnings report since it went public.
Is it make or break time for tech stocks?
The Nasdaq faces a key technical challenge today
The drop yesterday already sees price fall to test its 100-day moving average (red line) and given how futures are pointing downwards by another 1.3% currently, it looks like the open is going to be an ugly one for the Nasdaq.
The drop yesterday already sees price fall to test its 100-day moving average (red line) and given how futures are pointing downwards by another 1.3% currently, it looks like the open is going to be an ugly one for the Nasdaq.
Risk pullback mostly confined to equities for now
European indices are down by over 2% currently
The term ’selloff‘ is one that is used quite frequently these days but as major stock indices reach record highs and fall off, I’d much prefer the term ‚pullback‘.
The term ’selloff‘ is one that is used quite frequently these days but as major stock indices reach record highs and fall off, I’d much prefer the term ‚pullback‘.
Dollar a little more mixed in European morning trade
Some mild changes in the dollar as risk keeps more defensive
The dollar is sitting a touch lower against the euro, pound and aussie but is holding slight gains against the franc and loonie so far on the session. Overall, the moves among major currencies are relatively minor and nothing to shout about.
The dollar is sitting a touch lower against the euro, pound and aussie but is holding slight gains against the franc and loonie so far on the session. Overall, the moves among major currencies are relatively minor and nothing to shout about.
US April NFIB small business optimism index 99.8 vs 100.8 expected
Latest data released by NFIB – 11 May 2021
Of note, the report also revealed a significant increase (10 points) in the share of firms that raised prices to 36.0 – its highest since the 1980s. Meanwhile, planned price increases also jumped to its highest since 2008 in another sign that inflation is picking up.
Of note, the report also revealed a significant increase (10 points) in the share of firms that raised prices to 36.0 – its highest since the 1980s. Meanwhile, planned price increases also jumped to its highest since 2008 in another sign that inflation is picking up.
Australia forecasts budget deficit of A$106.6 billion in 2021-22
The Australian Treasury releases its annual budget for the coming fiscal year
The forecast details:
Of note for the RBA, the government forecasts CPI to only return above 2% from 2022-23 onwards with wage growth keeping below 3% through the forecast period.
The forecast details:
Of note for the RBA, the government forecasts CPI to only return above 2% from 2022-23 onwards with wage growth keeping below 3% through the forecast period.