The Leuthold Group’s Jim Paulsen builds part of his bullish case on diverging confidence levels between Wall Street and Main Street.
Bed Bath & Beyond posts same-store sales gain for the first time since 2016 thanks to e-commerce gains
Bed Bath & Beyond reported its first same-store sales increase in nearly four years, as its online business surged more than 80% during the quarter.
PepsiCo quarterly revenue grows 5.3%, fueled by higher snack sales
PepsiCo said its organic revenue grew by more than 4% during its latest quarter.
ForexLive European FX news wrap: Pound goes for a spin on the Brexit mill
Forex news from the European trading session – 1 October 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; E-minis up 1.0%
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; E-minis up 1.0%
US September Challenger layoffs 119k vs 116k prior
Latest data released by Challenger, Gray, and Christmas Inc
– 116k
US-based employers announced an additional 118,804 job cuts in September, up 2.6% from August with bars, restaurants, hotels and amusement parks i.e. entertainment and leisure sectors, the bulk that drove layoffs last month.
– 116k
US-based employers announced an additional 118,804 job cuts in September, up 2.6% from August with bars, restaurants, hotels and amusement parks i.e. entertainment and leisure sectors, the bulk that drove layoffs last month.
Pound erases losses for the day on chatter of possible Brexit compromise
Cable bounces from 1.2840 to 1.2920 levels currently
The pound is pretty much jumping all over the place this morning on Brexit headlines and it may very well continue that way until the weekend.
The pound is pretty much jumping all over the place this morning on Brexit headlines and it may very well continue that way until the weekend.
Brexit: ‚Landing zone‘ on state aid said to be identified, but fishing is the last sticking point
FT reporter, Sebastian Payne, tweets
Officials with knowledge of the talks say a landing zone on state aid has been identified but „fishing is the last sticking point. We both have to jump together.“
Officials with knowledge of the talks say a landing zone on state aid has been identified but „fishing is the last sticking point. We both have to jump together.“
The mood in Whitehall as „cautiously optimistic“ but insiders warn „it’s going to go to the brink.“
report
ECB’s de Guindos: ECB is not running out of ammunition at all
ECB vice president, Luis de Guindos, says that there is no need to decide on adjusting PEPP immediately
– We are totally open to recalibrating measures
– But no need to decide on adjusting PEPP immediately
This mainly just reaffirms their current policy stance i.e. they still see no urgency to pursue further action just yet despite inflation
– We are totally open to recalibrating measures
– But no need to decide on adjusting PEPP immediately
This mainly just reaffirms their current policy stance i.e. they still see no urgency to pursue further action just yet despite inflation