US Economical Latest News And Daily Updates, You should Read.

[somrat4030]

Jan-27, 2022, US stock and Economical Updates, By Forex Forum​

U.S. futures fluctuated as dip buyers returned after a selloff sparked by a hawkish Federal Reserve.​

Contracts on the S&P 500 and Nasdaq 100 drifted lower, whipsawing after erasing losses earlier. In Europe, tech and travel stocks dragged down benchmark indexes, while bank shares rallied after Deutsche Bank AG raised its outlook.

Futures on the Dow Jones, S&P 500, and Nasdaq each dipped 0.3% as of 4:10 a.m. ET, suggesting a lower start for US indices later in the day.

Source: bloomberg.com/new

In its policy update Wednesday, the US central bank said it would "soon" be appropriate to raise interest rates and reiterated plans to end bond-buying in March. This, analysts said, is a sign the economy is ready for a change.​

"Change can be scary. And this market has sensed that the ground is shifting under our feet," Callie Cox, an investment analyst at eToro, said. "However, the market has braced for big and fast rate hikes, and it looks like the Fed's approach will be more flexible instead of dramatic."

Europe's Stoxx 600, which includes companies from 17 countries, dropped 0.2% in early trading. Most major European indexes lost ground, but the United Kingdom's FTSE 100 (UKX) bucked the trend, rising 0.4%.

The declines come after Federal Reserve Chairman Jerome Powell signaled that the Fed is preparing to raise interest rates at its meeting in March. Powell also indicated during a press conference that rates could climb more quickly than many analysts had anticipated.

The Fed boss said that the US economy and labor market are strong enough to tolerate higher rates, which are needed to reduce inflation. Analysts at BNP Paribas, who had expected the central bank to raise interest rates four times this year, revised their estimate to six hikes after Powell spoke to reporters.

"Chair Powell refused to be dragged in a debate on the likely pace and extent of rate hikes, but we read these comments as an indication the Fed's bias is for more frequent hikes than we had anticipated," BNP Paribas analysts told clients.

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[somrat4030]

Jan-29, 2022, US economical news and Updates, By Forex Forum​

Private sector lender IndusInd Bank's consolidated net profit jumped 50 per cent to Rs 1,242 crore in the October–December quarter (Q3) of FY22, aided by healthy net interest income and lower provisions. In the corresponding period of last year, the bank had reported a net profit of Rs 830 crore. The bank's standalone net profit for the period was up 36 per cent to Rs 1,161 crore.

Net interest income of the lender, the difference between interest earned and interest expended, increased 11 per cent to Rs 3,794 crore in the reporting quarter while net interest margin, a measure of profitability, stood at 4.10 per cent, up 3 basis points sequentially.

Other income rose 14 per cent to Rs 1,877 crore in Q3FY22 as against Rs 1,646 crore while core fee income grew 9 per cent YoY to Rs 1,519 crore as against Rs 1,389 crore in the corresponding quarter of previous year.​

On the other hand, For more than a year it seemed as if the stock market could only go up, buoyed by a river of money that gushed from the government. In the past week, that illusion has been shattered.

Growing certainty that the Federal Reserve intends to raise interest rates, most likely as early as March, sent investors scurrying. On Monday, the Dow Jones Industrial Average moved 1,000 points in a single day—twice. It sank more than 3%, then roared back up to close with a gain. Stocks gyrated the rest of the week, with the S&P 500 down more than 9% so far in 2022 and the Nasdaq-100 index off more than 14%.

But what happens next isn't the right question to ask.

In a speech in 1963, the great investment analyst Benjamin Graham said: "In my nearly 50 years of experience in Wall Street I've found that I know less and less about what the stock market is going to do, but I know more and more about what investors ought to do."

Elsewhere, A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday.​

The core personal consumption expenditures price index excluding food and energy was slightly more than the 4.8% Dow Jones estimate and ahead of the 4.7% pace in November. The monthly gain of 0.5% was in line with expectations.

On the other hand, The U.S. and the European Union are zeroing in on a package of sanctions against Russia should President Vladimir Putin decide to invade Ukraine, according to people familiar with the matter and documents seen by Bloomberg.

Source: bloomberg.com/news

The measures would broadly fall into several categories including: restrictions on the refinancing of Russian sovereign debt, financial sanctions, and the singling out of individuals and entities close to the Kremlin. Western allies are also working on a series of trade-related measures covering key goods and sectors.

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[somrat4030]

Feb-08, 2022, US Stock News And World Economical Updates, By Forex Forum.​

The S&P 500 and the Nasdaq opened lower on Tuesday as mixed earnings and fresh declines in shares of Meta Platforms added to jitters ahead of inflation data this week that could offer clues on the U.S. Federal Reserve's path of interest rates.​

The Dow Jones Industrial Average (.DJI) rose 69.55 points, or 0.20%, at the open to 35,160.68.

The S&P 500 (.SPX) opened lower by 3.85 points, or 0.09%, at 4,480.02, while the Nasdaq Composite (.IXIC) dropped 31.24 points, or 0.22%, to 13,984.43 at the opening bell.

Source: reuters.com/business

Other news is, S&P 500 futures were up 0.1%, Nasdaq 100 futures were 0.09% higher, and Dow Jones futures rose 0.14% in European trading. On Monday, the benchmark S&P 500 index finished 0.4% lower after a choppy day of trading.​

The main event this week for investors is the release of January US CPI inflation data on Thursday. It's expected to show inflation hit 7.3% year-on-year last month, a new 39-year high, according to analysts polled by Bloomberg.

A stronger reading could cause the
Federal Reserve to raise interest rates faster, with the market currently expecting five hikes of 25 basis points each this year.

The yield on the key 10-year US Treasury note rose as high as 1.96% Tuesday, its highest level since 2019, as investors braced for the Fed to move. It was last up roughly 2 basis points to 1.932%, after paring some of its gains.

What's driving markets​

Rising bond yields have been the story of 2022 so far, and now the talk is how quickly the U.S. Treasury10-year yield may reach 2%, after trading around 1.93% Tuesday morning.

Peter Garnry, head of equity strategy at Saxo Bank, says the pressure will continue for U.S. technology stocks. "The VIX remains above 22 and financial conditions are continuing to tighten with credit spreads moving higher so this should be key to monitor for equity investors," he said. The VIX, or the Cboe Volatility Index, is a measure of expected volatility, its long-term average is just below 20.

Strategists at UBS say they are sticking to their earnings forecasts for the year, and their S&P 500 price target of 5,100 by the end of the year.

Elsewhere, Pfizer projects it will generate record-high revenue in 2022, saying Tuesday it expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid this year.

However, the company posted mixed fourth-quarter results, beating on earnings but missing on revenue. Pfizer's stock was down more than 3% in premarket trading.

Here's how the company performed compared to what Wall Street expected, based on analysts' average estimates compiled by Refinitiv:

*. Adjusted EPS: $1.08 vs. 87 cents expected
*. Revenue: $23.84 billion vs. $24.12 billion expected

Pfizer's miss on revenue was driven by lackluster sales in its internal medicine and hospital segments. Fourth-quarter internal medicine sales fell 3% year-over-year to $2.24 billion, while hospital sales were largely flat at $1.88 billion. Pfizer's oncology sales expanded 7% to $3.24 billion compared with the year-earlier period.

Source: www.cnbc.com

On the other hand, Asian markets closed today's trading up across the board except for Hong Kong's Hang Seng which closed down 1.02%. South Korea's KOSPI gained 0.05%, Japan's Nikkei rose 0.13% while India's Sensex and Taiwan's TAIEX advanced 0.33% and 0.37%, respectively and China's Shanghai Composite closed the day up 0.67%. By mid-day trading, European equity indices are mixed and U.S. futures point to a soft market open later this morning.

Even though we are in the midst of yet another earnings deluge today and tomorrow, equities are once again in a wait and see mode ahead of Thursday's January Consumer Price Index report and the continued geopolitical tension surrounding Ukraine. President Biden said the Russian-built Nord Stream 2 natural-gas pipeline to Germany would be suspended if Russia invades Ukraine, while German chancellor Olaf Scholz offered support for Ukraine. Meanwhile, after meeting with President Vladimir Putin, President Emmanuel Macron of France shared that Putin gave his assurances he is open to exploring ways to defuse the Ukraine crisis.

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[somrat4030]

Feb-11, 2022, US stock news and daily latest economical updates, by forex forum.​

Major indices in the US stock market opened higher on Friday, trying to recover from previous day's losses fueled by inflation climbing to new record high.​

Consumer prices rose 7.5% year-on-year in January, marking the largest 12-month increase since February 1982, according to the Labor Department.

The consumer price index was above the market estimate of 7.3%, rising 7% in December.

Investors are worried that the Federal Reserve could turn more hawkish and make faster and higher rate hikes this year to tame record inflation.

On Thursday, the Dow Jones fell 526 points, or 1.47%, to close at 35,241. The S&P 500 was off 83 points, or 1.81%, to end at 4,504. The Nasdaq plummeted 304 points, or 2.1%, to 14,185.​

The blue-chip Dow rose 56 points, or 0.16%, to 35,297 at 9.42 a.m. EDT. The S&P 500 was flat at 4,504. The Nasdaq, on the other hand, fell 18 points, or 0.13%, to 14,163.

On the other hand, Wall Street oscillated in morning trading on Friday, backing down from early gains, and benchmark Treasury yields hovered around 2% as market participants grappled with decades-high inflation and the prospect of a tightened rate hike timeline from the U.S. Federal Reserve.

On Thursday, a report from the Labor Department showed U.S. inflation at its hottest level in four decades, fueling concerns that the Fed could begin hiking key interest rates more aggressively than many anticipated.

Source: reuters.com/markets

Elsewhere, Economists were expecting a reading of 67, according to a Wall Street Journal survey.​

Expectations for inflation over the next year rose to 5% from January's expectation of 4.9%, the highest level since July of 2008, while inflation expectations over five years held steady at 3.1%.

A gauge of consumer's views of current conditions fell to 68.5 in February from 72 in January, while an indicator of expectations fell to 57.4 from 64.1 in the previous month.

With consumer prices rising 7.5% since last January, the fastest pace in 40 years, Americans remain pessimistic about their buying power, meaning healthy wage gains have not kept pace with the rise in the cost of living.

On the other hand, Asian markets closed today's trading down across the board as Hong Kong's Hang Seng lost 0.07%, Taiwan's TAIEX was off 0.15%, China's Shanghai Composite fell 0.66% South Korea's KOSPI declined 0.87% and India's Sensex closed the session down 1.31%. Japanese markets are closed today to mark National Foundation Day. By mid-day trading, European equity indices are lower across the board and U.S. futures point to a soft market open later this morning.

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[somrat4030]

Feb-12, 2022, US Economical Updates Today, By forex forum​

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The major indexes last week reversed lower from key resistance to undercut key support, raising fresh concerns about the stock market rally.

A hot inflation report and fears of an imminent Russia invasion of Ukraine spurred the stock market sell-off late in the week. Russia/Ukraine news is likely to be in focus for stock, bond and energy markets in the coming days.

This is not a good time to be adding exposure. Still, Apple stock, Regeneron (REGN), UnitedHealth (UNH), Google parent Alphabet (GOOGL) and Oneok (ONE) are stocks near buy points that boast growth at a reasonable price.

On the other hand, U.S. stocks appear cheaper than they have since the early days of the Covid-19 pandemic—but such bargains won't be enough to power the next leg of the bull market, investors say.​

Elsewhere, A turbulent start of the year for U.S. stocks has entered a new phase in recent days, with investors weighing good news about corporate earnings and the labor market against the stubborn challenges of high inflation, rising bond yields and geopolitical uncertainty.

One takeaway from the past week in markets is that 2022 is starting to look like what many predicted heading into the year. Stocks have generally fared better than in January, when they fell sharply in anticipation of tighter monetary policies, but are still buffeted by conflicting trends that are widely expected to keep prices volatile.

On the other hand, U.S. President Joe Biden and his Russian counterpart Vladimir Putin will speak on Saturday as the United States and other Western nations warned a war in Ukraine could ignite at any moment.​

Washington ordered most of its embassy staff to leave Ukraine on Saturday, adding to its call this week for private citizens to leave the country as soon as possible.

Additionally, about 150 troops from the Florida National Guard who are in Ukraine to help train Ukrainian forces are leaving the country as the threat of a Russian invasion increases, two U.S. officials told Reuters.

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[somrat4030]

Feb-16, 2022, US Stock news and latest world financial market forecast, by forex forum.​

U.S. consumers are spending more money while also growing savings in a positive sign for the economy, according to Bank of America CEO Brian Moynihan.​

Moynihan told CNBC's Jim Cramer on Wednesday that spending on Bank of America cards has jumped by as much as 20% from last year.

"When you look at the core spending levels of consumers, they continue to be very strong," Moynihan said. "January's up nearly 15 to 20% [from a year earlier]; we're seeing that continue into February."

Bank of America is the second biggest U.S. bank by assets, after only JPMorgan Chase. Its relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.

Source: cnbc.com/2022/02/16

On the other hand, The stock market went back to its losing ways, erasing much of the prior day's rally. Economic and earnings reports were in focus, along with the Ukraine crisis.​

The Nasdaq composite sold off 1.2% as the technology and communications services sector suffered losses of more than 1%. The S&P 500 lost 0.7% and is barely above its 200-day moving average.

The Dow Jones Industrial Average fell 0.6%. Volume fell on the Nasdaq and NYSE compared with the same time on Tuesday.

The S&P 500 rose 1.6% Tuesday after Russia announced it was withdrawing some troops from around Ukraine. But a top NATO official said Russia continues its military buildup in the region. Talks on de-escalating the crisis continued Wednesday.

U.S. retail sales rose 3.8% in January from the previous month, much better than the 2% increase economists had forecast. Excluding cars and trucks, sales rose 3.3%, above estimates for a 1% improvement.

Elsewhere, Inflation in the UK increased to the highest rate for three decades in January as the impact of rising energy bills fed into a wide range of goods and services, adding to the squeeze on household living standards.​

The Office for National Statistics (ONS) said the consumer prices index (CPI) measure of inflation increased for the 13th consecutive month to 5.5% last month,, driven by prices for clothing, footwear and furniture.

City economists had forecast the inflation rate to remain at 5.4%. The ONS said inflation was last higher in March 1992, when it stood at 7.1%.

With the CPI predicted to hit more than 7% in April, the latest increase is expected to heap further pressure on the government while putting the spotlight on the Bank of England to raise interest rates again.

On the other hand, The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.

Canada's annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the Bank of Canada's three core measures rose to 3.2%, data from Statistics Canada showed.

Still, analysts doubted the data would be enough to sway the central bank to hike by 50 basis points rather than 25 basis points at its March 2 policy meeting. Money markets see about a 30% chance of the larger increase.

World stocks crept higher for a second day, though market moves were checked by Western scepticism that Russia had indeed pulled back troops from Ukraine's borders. Traders were also waiting for the release of minutes from the Federal Reserve's last meeting.

The price of oil, one of Canada's major exports, recouped some of Tuesday's decline with U.S. crude were up 1.7% at $93.65 a barrel.

The Canadian dollar was 0.2% higher at 1.2690 to the greenback, or 78.80 U.S. cents, after trading in a range of 1.2665 to 1.2727.

Source: usnews.com/investing

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[somrat4030]

Feb-17, 2022, US stock news and world economical updates, by forex forum.​

Intensifying geopolitical tensions weighed on stocks and bond yields Thursday, chipping away at major indexes' gains for the week.​

The S&P 500 fell 1.4%, while the Dow Jones Industrial Average slipped 1.3%. The tech-focused Nasdaq Composite Index dropped 1.6%.

On the other hand, The Ukraine-Russia crisis is at a pivotal moment.
​

Ukraine accused pro-Russian separatists of attacking a village near the border. In the U.S., meanwhile, Secretary of State Antony Blinken was headed to the United Nations to make an urgent appeal against an invasion.

For months, the U.S. and its Western allies have watched a steady buildup of Kremlin forces along Ukraine's border with Russia and Belarus. The increased military presence mimics Russia's playbook ahead of its 2014 illegal annexation of Crimea, a peninsula on the Black Sea, which sparked international uproar and triggered sanctions against Moscow.

President Joe Biden has warned Russian leader Vladimir Putin of extraordinary and crippling economic sanctions if the Kremlin proceeds with an attack on Ukraine, Russia's ex-Soviet neighbor.

Elsewhere, The stock market fell Thursday at midday as investors kept a watchful eye on Russia's military buildup and as jobless claims came in higher than expected.​

Walmart (WMT) and Cisco Systems (CSCO) rose after both reported earnings. Nvidia (NVDA) slid more than 7% in spite of beating earnings forecasts.

The Nasdaq composite was down 1.5%. The S&P 500 lost 1.2%, and is below its 200-day moving average.

The Dow Jones Industrial Average fell 1.2%. The small-cap Russell 2000 index fell 1.6%.

Volume rose on the NYSE and fell on the Nasdaq compared with the same time on Wednesday.

On the other hand, Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands.

A gauge of global equities fell more than 1% despite strong corporate earnings in Europe as the standoff over Ukraine deepened. Russian-backed separatists and Ukrainian forces accused each other of firing shells across a cease-fire line as Britain said Russia sought to fabricate a pretext to invade.

Source: reuters.com/markets

American Jobless issue:​

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, but remained at levels associated with tightening labor market conditions.

Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 248,000 for the week ended Feb. 12, the Labor Department said on Thursday. Economists polled by Reuters had forecast 219,000 applications for the latest week.

Claims had been declining since hitting a three-month high in mid-January as coronavirus cases, fueled by the Omicron variant, raged across the country. The United States is reporting an average of 145,769 new COVID-19 infections a day, sharply down from the more than 700,000 in mid-January, according to a Reuters analysis of official data.

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[Jason]

Feb-17, 2022, US stock news and world economical updates, by forex forum.​

View attachment 782​

Intensifying geopolitical tensions weighed on stocks and bond yields Thursday, chipping away at major indexes' gains for the week.​

The S&P 500 fell 1.4%, while the Dow Jones Industrial Average slipped 1.3%. The tech-focused Nasdaq Composite Index dropped 1.6%.

On the other hand, The Ukraine-Russia crisis is at a pivotal moment.
​

Ukraine accused pro-Russian separatists of attacking a village near the border. In the U.S., meanwhile, Secretary of State Antony Blinken was headed to the United Nations to make an urgent appeal against an invasion.

For months, the U.S. and its Western allies have watched a steady buildup of Kremlin forces along Ukraine's border with Russia and Belarus. The increased military presence mimics Russia's playbook ahead of its 2014 illegal annexation of Crimea, a peninsula on the Black Sea, which sparked international uproar and triggered sanctions against Moscow.

President Joe Biden has warned Russian leader Vladimir Putin of extraordinary and crippling economic sanctions if the Kremlin proceeds with an attack on Ukraine, Russia's ex-Soviet neighbor.

Elsewhere, The stock market fell Thursday at midday as investors kept a watchful eye on Russia's military buildup and as jobless claims came in higher than expected.​

Walmart (WMT) and Cisco Systems (CSCO) rose after both reported earnings. Nvidia (NVDA) slid more than 7% in spite of beating earnings forecasts.

The Nasdaq composite was down 1.5%. The S&P 500 lost 1.2%, and is below its 200-day moving average.

The Dow Jones Industrial Average fell 1.2%. The small-cap Russell 2000 index fell 1.6%.

Volume rose on the NYSE and fell on the Nasdaq compared with the same time on Wednesday.

On the other hand, Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands.

A gauge of global equities fell more than 1% despite strong corporate earnings in Europe as the standoff over Ukraine deepened. Russian-backed separatists and Ukrainian forces accused each other of firing shells across a cease-fire line as Britain said Russia sought to fabricate a pretext to invade.

Source: reuters.com/markets

American Jobless issue:​

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, but remained at levels associated with tightening labor market conditions.

Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 248,000 for the week ended Feb. 12, the Labor Department said on Thursday. Economists polled by Reuters had forecast 219,000 applications for the latest week.

Claims had been declining since hitting a three-month high in mid-January as coronavirus cases, fueled by the Omicron variant, raged across the country. The United States is reporting an average of 145,769 new COVID-19 infections a day, sharply down from the more than 700,000 in mid-January, according to a Reuters analysis of official data.

For getting latest US stock news and world economical updates join this forex forum.

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Thank You

Great insight, I find @somrat4030’s posts very insightful

 

[somrat4030]

Feb-22, 2022, US stock news and world economical updates, by forex forum.​

U.S. consumer confidence fell for a second straight month in February, with fewer consumers planning to purchase homes, automobiles and go on vacation over the next six months amid concerns about the short-term economic outlook.

The Conference Board said on Tuesday its consumer confidence index dipped to a reading of 110.5 this month from a downwardly revised 111.1 in January. Economists polled by Reuters had forecast the index decreasing to 110.0 from the previously reported reading of 113.8 in January.

"Expectations about short-term growth prospects weakened further, pointing to a likely moderation in growth over the first half of 2022," said Lynn Franco, senior director of economic indicators at The Conference Board in Washington. "Meanwhile, the proportion of consumers planning to purchase homes, automobiles, major appliances, and vacations over the next six months all fell."

Source: nasdaq.com

On the other hand, Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine.​

Wall Street also headed lower as traders returned from the holiday weekend. The Dow (INDU) dropped more than 400 points, or 1.2%. The S&P 500 (SPX) was down 1%, while the Nasdaq (COMP) shed 1.4%.

European markets were volatile. The FTSE 100 (UKX) in London recovered from earlier losses to finish flat, while France's CAC 40 (CAC40) also was flat. Germany's DAX (DAX) tumbled 0.3%. Russian stocks rebounded, after crashing more than 10% Monday, and the ruble weakened against the dollar for the fourth consecutive trading session.

Japan's Nikkei 225 (N225) fell 1.7%, while China's Shanghai Composite (SHCOMP) dropped 1%. Hong Kong's Hang Seng Index (HSI) fell 2.8%, its biggest daily loss in five months.

Elsewhere, Russian President Vladimir Putin authorized the deployment of Russian troops into two breakaway pro-Moscow regions in eastern Ukraine after announcing Monday evening he would recognize their independence.​

The move was seen by the West as a provocation and intensified worries a war was underway. Just last week, the Biden administration warned that recognizing the self-declared "People's Republics" of Donetsk and Luhansk in eastern Ukraine would defy international law and Ukraine's sovereignty and "necessitate a swift and firm response" from America and its allies.

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[somrat4030]

Feb- 24, 2022, US stock news, Russia Ukraine crisis and World economical updates, By forex forum.​

Shares of Yandex (YNDX) got cut by more than half Thursday, nosediving 53% in the wake of Russia's invasion of Ukraine. Yandex has now lost nearly three-quarters of its market value so far in 2022.

Investors are clearly worried that economic penalties imposed on Russia will hurt big businesses there. But there could be another force at play.

Given the recent crackdown by the US on shares of Chinese companies that list on American stock exchanges, investors may be nervous that Yandex and other top Russian companies that trade in the US could also soon find themselves booted off the NYSE or Nasdaq, where Yandex is listed.

Two US-listed exchange-traded funds that own Russia stocks also plunged Thursday. The VanEck Russia (RSX) and iShares MSCI Russia (ERUS) ETFs were both down about 20%. Yandex is a top holding in both funds.

Source: cnn.com/business

On the other hand, The U.S. bond market appeared to stabilize in midday trading, mirroring some of the action on the equities side.​

The yield for the benchmark 10-year Treasury note was down 5 basis points at roughly 12:30 p.m. ET. The yield had been down more than 10 basis points in morning trading.

Yields move opposite of price, so the yield recovery means that the price of the Treasurys paid by traders retreated slightly.

Moreover, UK to freeze assets for top Russian banks, impose new capital and corporate sanctions.​

United Kingdom Prime Minister Boris Johnson said Thursday evening that the U.K. will impose sweeping new penalties against Russian banks, companies and individuals after Moscow's attack on Ukraine.

Elsewhere, The BSE Sensex plunged 2,702 points or 4.7 percent to 54,530, while the Nifty50 closed way its 200-day exponential moving average (16,881), falling 815 points or 4.78 percent to 16,248, the lowest closing level since September 2, 2021, and formed a large bearish candle on the daily charts. It was also the expiry day for monthly futures & options contracts.

"Technically, this pattern indicates a decisive downside breakout in the market. The crucial lower support of ascending trend line and 200-day EMA has been broken sharply on the downside around 16,800-16,700 levels respectively and Nifty closed lower. This also coincide with the downside breakout of triangle type formation," says Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

On the other hand, The Dow Jones Industrial Average opened more than 700 points lower on Thursday, losing more than 2% of its value.
​

The S&P 500 and the NASDAQ Composite also opened down more than 2%. The tech-heavy NASDAQ briefly turned positive before falling back into negative territory.

Since Russian troops invaded Ukraine late Wednesday night, there have been at least 40 casualties and dozens of people were wounded from explosions that occurred in major cities, including the capital of Kyiv, and the cities of Kharkiv and Odessa.

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[somrat4030]

Feb-26, 2022, US stock news and World Financial updates, by forex forum.​

Pharmacy retailer Walgreens currently pays its shareholders a dividend yield of 4.2% -- that's three times the size of the S&P 500 average of 1.3%. Investing $10,000 into Walgreens would generate $420 in annual income (vs. just $130 with the average stock).

And what's even more promising for long-term investors is the prospect of benefiting from future rate hikes; Walgreens is a Dividend Aristocrat, and after a 2.1% rate hike last year, its streak of consecutive rate increases sits at 46 years.

The company is coming off a strong first quarter for fiscal 2022 (ended Nov. 30, 2021), when its revenue of $33.9 billion beat analysts' expectations of $32.74 billion. Its adjusted earnings per share did the same, coming in at $1.68 compared with the $1.33 that analysts were projecting. That's well above the quarterly dividend payment of $0.4775 that Walgreens is currently making.

On the other hand, US Ecology (NASDAQ:ECOL - Get Rating) issued its quarterly earnings results on Friday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.14), Briefing.com reports.
​

The company had revenue of $261.40 million during the quarter, compared to the consensus estimate of $252.28 million. US Ecology had a positive return on equity of 2.24% and a negative net margin of 9.37%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share.

NASDAQ:ECOL traded down $0.20 during mid-day trading on Friday, hitting $47.47. 7,767 shares of the company's stock traded hands, compared to its average volume of 1,004,311. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.01 and a current ratio of 2.01. The company has a fifty day moving average of $34.17 and a 200 day moving average of $34.23. US Ecology has a twelve month low of $26.26 and a twelve month high of $48.02. The company has a market capitalization of $1.50 billion, a P/E ratio of -16.33 and a beta of 1.13.

Elsewhere, A2Z Market Research announces the release of the Rail Asset Management Market research report.
​

The market is predicted to grow at a healthy pace in the coming years. Rail Asset Management Market 2022 research report presents an analysis of market size, share, and growth, trends, cost structure, statistical and comprehensive data of the global market. The Market report offers remarkable data regarding the industry's growth parameters, the current state of the market in terms of analysis of possible economic situations, and macroeconomic analysis.

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[somrat4030]

Mar-03, 2022, US Stock news and World Economical updates, by forex forum.​

The stock market has really stumbled out of the gates to start 2022. Between surging inflation, soaring oil prices and the war in Ukraine, there is uncertainty as far as the eye can see. Throw in the Federal Reserve's likelihood to hike interest rates many times over the next 18 months, and investors have quite the challenge ahead of themselves.

US stock indexes opened higher on Thursday (Mar 3), powered by banks and megacap growth stocks that led a rally in the previous session after Federal Reserve Chair Jerome Powell pointed to a cautious tightening amid the Ukraine crisis.

The Dow Jones Industrial Average rose 81.52 points, or 0.24 per cent, at the open to 33,972.87.​

The S&P 500 opened higher by 14.77 points, or 0.34 per cent, at 4,401.31, while the Nasdaq Composite gained 85.57 points, or 0.62 per cent, to 13,837.59 at the opening bell.

On the other hand, The Russia-Ukraine feud has plunged Indian commodity exports to the region into disarray, with port disruptions and payment delays hitting shipments.​

Russia is a major export destination for various products from India. Indian exports to Russia came to over $2.5 billion out of a total bilateral trade of $8.1 billion in 2020-21. Ukraine is also a growing market for Indian exports, albeit on a smaller scale.

The movement of food products such as tea, seafood and coffee, which are among the important items exported from India to Russia, has been impacted by the conflict between the two European nations.

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Elsewhere, In Europe, the pan-regional STOXX 600 index lost 1.83%, while MSCI's gauge of stocks across the globe shed 0.79%.​

U.S. and German government bond yields retreated as investors eyed potential monetary tightening. Money markets in Europe are now pricing in a 95% chance of a 30 basis-point hike in interest rates from the European Central Bank by year-end.

The yield on 10-year Treasury notes fell 2.8 basis points to 1.837%.

Germany's 10-year government bond yield, the benchmark of the bloc, rose 0.9 basis point (bps) to 0.019%.

Bond yields have whipsawed violently this week as investors try to gauge the sanctions imposed on Russia due to the Ukraine invasion against expectations central banks will need to raise rates to address stubbornly high inflation.

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[somrat4030]

Mar-07, 2022, US Stock news and World Economical Updates, By forex forum.​

The mood is squarely risk-off, with crude and other commodities soaring after U.S. officials raised the possibility of Russian oil sanctions. That's as the world faces an ever-worsening humanitarian crisis in Ukraine, where the Russian invasion has reached day 12 and more than a million people have fled the fighting.

Against the backdrop of unpredictable and dangerous geopolitical upheaval, here is some wartime investing advice from Berkshire Hathaway's BRK Warren Buffett, from an interview in 2014, the last time Russia invaded Ukraine.

"The one thing you can be quite sure of is if we went into some very major war, the value of money would go down — that's happened in virtually every war that I'm aware of. The last thing you'd want to do is hold money during a war," he said.

On the other hand, Stocks extended declines on Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia's war in Ukraine and sanctions that have ensued.​

The S&P 500, Dow and Nasdaq added to earlier losses and fell more than 2% in the afternoon session. The German DAX index (DAX) as well as the STOXX 50 (FEZ) each sank to close in bear market territory, closing more than 20% below a recent record high. Traders piled into safe haven assets, and gold prices (GC=F) briefly jumped above $2,000 per ounce for the first time since September 2020. U.S. Treasury yields advanced.

In energy markets, Brent crude oil prices (BZ=F), the international standard, soared to as much as $137 per barrel, building on gains over the past several weeks. U.S. West Texas intermediate crude oil (CL=F), likewise, rose to as much as $130.50 a barrel.

Elsewhere, The Dow was down about 600 points, or 1.8%. The average of 30 blue chip industrials has now plunged nearly 10% so far in 2022. The S&P 500 and Nasdaq were faring even worse. Each was down more than 2% Monday. The S&P 500 has fallen 11% in 2022 while the Nasdaq has plummeted nearly 17%.

Investors were fleeing stocks and other risky assets, such as bitcoin, and were flocking to the safety of gold and the US dollar.​

Even energy stocks weren't immune to the sell-off. Dow component Chevron (CVX) was lower Monday and Occidental Petroleum (OXY) gave up earlier gains and was down 5% midday. In a battle of mega-billionaires, Carl Icahn sold his stake in the oil company while Warren Buffett's Berkshire Hathaway boosted its investment.

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On the other hand, The U.S. and other Western economies have deployed a set of potent financial weapons against Russia with remarkable speed. Cutting off access to global financial markets and to Russia's war chest of foreign-exchange reserves has dealt Russia's economy a crippling blow.

Will these actions come back to haunt the West? Speculation is rife that when the dust settles, China, Russia, and others will intensify efforts to unshackle themselves from the dollar-dominated system and reduce their financial vulnerability.

With gasoline prices at a 14-year high, it's hard to imagine paying even more at the pump. Yet prices are only heading higher.​

On Sunday, the national average for a gallon of gas hit $4.009, the highest since July 2008, according to data from AAA.

An increase in demand along with a reduction in supply is quickly driving up prices at gas stations, the automotive group said.

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[somrat4030]

Mar-09, 2022, US Stock news and World Economical analysis and market forecast, By Forex Forum.​

U.S. stocks jumped and oil prices dropped Wednesday, extending a volatile spell as investors track the economic fallout of the war in Ukraine.​

The S&P 500 rose 2.8%, while the technology-focused Nasdaq Composite Index added 3.6%. The Dow Jones Industrial Average advanced 750 points, or 2.3%. All three indexes are poised to break a four-session losing streak.

Moreover, U.S. stock indexes rallied Wednesday, as soaring oil prices pulled back and investors looked forward to a meeting set for Thursday between top Russian and Ukrainian diplomats to potentially calm the deadly conflict, even as fierce fighting continued.

What's happening
# The Dow Jones Industrial Averag e DJIA, +2.13% rose 699 points, or 2.1%, to 33,333.
# The S&P 500 SPX, +2.65% gained 2.7%, or 112 points, to 4,283.
# The Nasdaq Composite Index COMP, +3.51% advanced 3.6%, or 455 points, to 13,251.

On Tuesday, the Dow fell 185 points, or 0.56%, to 32,633, the S&P 500 declined 30 points, or 0.72%, to 4,171, and the Nasdaq Composite dropped 35 points, or 0.28%, to 12,796.

The S&P 500 had dropped nearly 5% over the last four sessions.

Source: marketwatch.com

On the other hand, Crude oil prices pulled back from 14-year highs after Ukraine signaled it was aiming to pursue a diplomatic solution to Russia's war.
​

West Texas intermediate crude sank to just over $110 per barrel, while Brent crude traded just above $112 per barrel Wednesday afternoon. Gas prices at the pump, however, spiked to a fresh high across the U.S.

Oil fell 10% for the day. The Energy Select Sector SPDR (XLE) fell over 3%. The ETF rose over 9% last week after massive gains in oil prices. Oil drilling, exploration & production, pipeline and other energy industry groups fell more than 1%.

Moreover, A Reuters/Ipsos poll conducted on Monday and Tuesday found that some 80% of respondents - including solid bipartisan majorities - said Americans should not buy oil or gas from Russia during the conflict even if it causes gasoline prices to increase.

"Americans across the country understand that there's a price for the sanctions that we are taking to exact pressure on Putin and support the president's approach," a senior administration official said, speaking on condition of anonymity.

Still, those figures could shift against Biden as gas prices rise. The administration has already begun looking at scenarios in which oil tops $200 a barrel, a second senior administration official told Reuters.

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Elsewhere, The United States and the United Kingdom on Wednesday hardened their opposition to imposing any form of a no-fly zone in Ukraine, despite Kyiv's pleas for more protection from Russia's invasion.​

"Our goal is to end the war, not to expand it," U.S. Secretary of State Antony Blinken said during a joint press conference alongside U.K. Foreign Secretary Elizabeth Truss.

Ukraine's allies, including President Joe Biden and members of the North Atlantic Treaty Organization, or NATO, have sought to support Kyiv without putting boots on the ground.

They have also declined the increasingly strident requests from Ukraine President Volodymyr Zelenskyy to enact a no-fly zone, which would require shooting down Russian aircraft over Ukraine.

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[somrat4030]

Mar-16, 2022, US stock news and financial market daily updates, by forex forum.​

U.S. stocks climbed on Tuesday after a retreat in oil prices eased investors' inflation concerns and the prospect that the Federal Reserve will move more aggressively to lift interest rates.​

Oil's decline came as investors waited for Wednesday's decision by the Fed, which is expected to raise rates for the first time since 2018. Russia's invasion of Ukraine had increased prices on the commodity well above $100 a barrel, raising the stakes for the U.S. economy and its central bank.

Investors don't need to be told that stocks have been volatile. There's a market of extremes as Russia's war in Ukraine continues and investors wait to see what the Federal Open Market Committee does with interest-rate policy March 16.

S&P 500 SPX, +2.05% that have dropped at least 50% from their 52-week highs, but are favored by analysts for gains of as much as 102% over the next 12 months.​

Rebounds can be rapid
From its all-time intraday high on Jan. 4, the S&P 500 was down 13.4% through March 14. That broad decline masks the intensity of daily price movements.

On March 14 — when the S&P 500 declined 0.7%, 153 of its component stocks moved at least 2% up or down, with 82 moving at least 3%, 45 at least 4% and 24 rising or falling by at least 5%.

Moreover, The S&P 500 rose 1.6% to 4,240.80 as of 2:50 p.m. ET after the index logged a "death cross" — when the 50-day moving average closes below the 200-day moving average — in Monday's session. The Dow Jones Industrial Average jumped more than 500 points to 33,460.63, and the Nasdaq Composite was up 2.2% to 33,460.63.

Commodities extended a streak of gyrations. WTI Crude Oil futures fell below $100 to settle around $96 a barrel, about 27% from record intraday high of $130.50 last week. Gold futures erased 2.2% to trade at $1,917.20 per ounce after recently topping $2,000.

"I fully expect crude oil is going to go back towards $40 or $50 a barrel," Bloomberg Intelligence's Mike McGlone told Yahoo Finance Live Monday. "From this war, I think we're going to see a significant amount of demand destruction."

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Elsewhere, President Biden has ensured the U.S. public he is keenly aware of the ongoing economic crisis hitting families and low-income households, but who and what he thinks is primarily responsible for soaring inflation has changed over time.​

Biden has recently made a concerted effort to blame Russia's ongoing invasion of Ukraine as the main source of economic turmoil in the U.S., pointing to disrupted markets. However, Russia is only the latest in a series of causes for the inflation and soaring gas prices, according to Biden.

From pandemic restrictions to supply chain disruptions and the Russian invasion of Ukraine, the Biden administration has been vocal about the obstacles it says is keeping it from getting the U.S. economy back on track.

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[somrat4030]

Mar-19, 2022, US economical news and Crude Oil market forecast, by forex forum.​

Russia has paid interest due on two sovereign dollar bonds, easing doubts about its willingness and ability to honour external debt after harsh sanctions imposed by the West, but a busy payment schedule ahead will keep investors on edge.

Failure to pay could have led to Russia's first external bond default in more than a century and was seen as a key test after the sanctions intended to punish Moscow for its invasion of Ukraine.

On Friday, Russia's finance ministry said it had fully met its obligations. Sources involved in the multi-step process of the $117 million coupon payments also confirmed the funds were on their way to creditors.

Some European bond holders said they received funds due in U.S. dollars, while two creditors in Taiwan told Reuters the funds were in the process of being remitted.

Source: reuters.com/world

On the other hand, Two giant US oil field services companies, Halliburton and Schlumberger, have said they are suspending operations in Russia, in response to US sanctions over the invasion of Ukraine.​

Halliburton said on Friday it had suspended future business in Russia in compliance with sanctions that prohibit transactions and work, including for certain state-owned Russian customers.

Halliburton said it would prioritize safety and reliability as it wound down its remaining operations in Russia.

Halliburton said it halted all shipments of specific sanctioned parts and products to Russia several weeks ago and had no active joint ventures there.

Moreover, Reports have emerged of Indian oil companies finalising deals to purchase Russian crude oil at deep discounts. In an environment where international crude prices have surged to over $100 a barrel - a steep cost for an energy-price sensitive country.​

India's legitimate energy transactions should not be politicised, and countries self-sufficient in oil or those themselves importing from Russia cannot credibly advocate restrictive trading, government sources had said yesterday.

That drew a response from the US, which said India importing discounted crude oil from Russia wouldn't amount to a violation of sanctions; it would imply supporting the Russian invasion of Ukraine.

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Elsewhere, Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months.​

And the federal government's own "inflation protected" bonds, which were designed to help protect us from this eventuality, will now pay you less than inflation well into the 2040s.

In this situation it's no wonder that inflation worries are top of mind for retirement savers right now, even as the Federal Reserve starts to raise short-term interest rates in a bid to get it under control.

Some 71% of retirement savers tell Fidelity Investments that they are worried about how inflation will affect their savings and their ability to retire. And, maybe more ominously, about a third—31% — say they don't know how to make sure their savings keep up.

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[somrat4030]

Mar-30, 2022, US stock news, WTI oil analysis and Russia Ukraine Crisis latest updates, by forex forum.​

The S&P 500 index exited market-correction territory Tuesday, a move that has tended to point to near- and medium-term gains for the U.S. large-cap benchmark in the past.​

The S&P 500 SPX, -0.58% rose 56.08 points, or 1.2%, to close at 4,631.60 in Tuesday's session. The index needed to close above 4,587.77 to mark a 10% rise from its March 8 close at 4,170.70, which marked the correction low, according to Dow Jones Market Data. The S&P 500 fell into a market correction on Feb. 22, when it finished more than 10% below its Jan. 3 record close.

A market correction is defined as a fall of 10% but less than 20% from a recent peak. A decline of 20% or more marks a bear market. Under the definition used by Dow Jones Market Data, an asset doesn't exit a correction until it rises 10% from its correction low.

Moreover, The U.S. is shipping more natural gas than ever overseas, which is keeping domestic inventories lean and power prices high.

Natural-gas prices usually decline into spring, when heating demand drops but before air-conditioning season begins. Gas producers and traders use the off-season to build up inventory for summer, socking away fuel in storage facilities until the weather turns and demand and prices rise.

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On the other hand, U.S. stocks drifted slightly lower after rallying earlier this week, as investors eyed developments on discussions between Russia and Ukraine and mulled mixed data on the U.S. economy.​

The S&P 500 declined. The blue-chip index had risen for a fourth consecutive day and closed at its highest level since January on Tuesday, unwinding some losses for the year-to-date. As of Wednesday morning, the CBOE Volatility Index, or VIX, held below 20, or near its lowest level in more than two months.

U.S. crude oil prices rose for the first time in three sessions Wednesday after dipping earlier this week amid signs of progress in Russia-Ukraine talks. Russia said it was easing military action in Ukraine's capital Kyiv and northern city Chernihiv and was prepared to set a meeting between Russian President Vladimir Putin and Ukraine's President Volodymyr Zelenskyy following a draft peace agreement. However, as of Wednesday, some media reports suggested strikes were still taking place near both major cities in Ukraine.

Elsewhere, European markets were mostly lower while Asian stocks rose.​

Bond yields fell. The yield on the 10-year Treasury note, which influences interest rates on mortgages and other consumer loans, slipped to 2.37% from 2.40% late Tuesday.

Bond yields have been mostly rising this year as Wall Street prepares for a shift in policy from the Federal Reserve. The central bank, along with its global counterparts, is raising benchmark interest rates to help fight persistently rising inflation.

Wall Street is also closely watching the bond market for clues about the economy's path. On Tuesday, the yield for 10-year Treasury briefly dropped below the 2-year Treasury's yield, what Wall Street calls an "inversion" of the Treasury yield curve. Investors take note of this because prolonged yield inversions have accurately predicted previous U.S. recessions. The 2-year Treasury yield fell to 2.33% from 2.35% late Tuesday.

On the other hand, Oil prices gained over 2 percent on Wednesday as another US crude stock drawdown indicated tight supplies and investors worried about possible new Western sanctions against Russia.

Brent futures rose $2.69, or 2.4 percent, to $112.92 a barrel by 1:22 p.m. EDT (1722 GMT). US West Texas Intermediate crude rose $2.88, or 2.8 percent, to $107.12.

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[somrat4030]

US retail sales report and Consumer Sentiment Leaps.​

Data released on Thursday, showed retail sales increased 0.5% in March; February’s numbers were revised higher. The March retail data still suggest real goods spending is tracking to rise at around a 2.5% annualized pace in the first quarter, according to analysts at Wells Fargo.

“Adjusting these nominal sales estimates for the recent run up in prices has become all the more important as consumers battle the highest inflation in 40 years. Once adjusting for higher prices, we estimate real retail sales declined 1.6% in March.”

In the last several months, inflation has been the main source of consternation for most Americans, as the rising cost of living has had an injurious effect on people’s financial fortunes, creating widespread public discontent and resentment towards some of the government’s economic policies.

Drilling down into the survey’s results, the economic conditions indicator climbed to 68.1 from 67.2, while the expectations index jumped to 64.1 from 54.3 on hopes the labor market will strengthen and lift wages. When it comes to inflation expectations, the one-year gauge remained at 5.4%, while the five-year outlook stayed anchored at 3%.

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[somrat4030]

April-27, 2022, Latest world economical news and US stocks updates, by forex forum.​

Stocks were bouncing back Wednesday, after a deep selloff on Tuesday as investors fretted about factors including the earnings of major tech companies and risks to global economic growth from a slowdown in China.

U.S. stocks fell sharply on Tuesday with shares selling off into the close, as investors dumped equities on fears of an economic slowdown.

The tech-heavy Nasdaq Composite dropped 3.95% and hit a fresh 52-week low to close at 12,490.74. The index retreated further into bear market territory, sitting now about 23% off its high. The Dow Jones Industrial Average shed 809.28 points, or 2.4%, to 33,240.18. The S&P 500 lost 2.8% at 4,175.20.

For April, the S&P 500 is off 7.8%. The Nasdaq is down 12.2%, and the Dow has declined 4.2%.

Source: cnbc.com/

On the other hand, Google parent Alphabet Inc (GOOGL.O) on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters.​

The world's largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online. But outdoing those sales is proving difficult so far this year with the war, rising inflation and product shortages causing advertisers to dump marketing campaigns, according to analysts.

Elsewhere, European gas prices surged on Wednesday, after Russia halted supplies to Poland and Bulgaria, stoking concern that other countries in the continent could be targeted for their support towards Ukraine.

Benchmark Dutch futures contracts tracking Europe's wholesale gas price rose as much as 28% to 117 euros per megawatt hour ($124) in early trading Wednesday, according to data from Investing.com.

That jump came as Russia's state-owned energy major Gazprom said it would "fully halt" gas supplies to Bulgaria's Bulgargaz and Poland's PGNiG "due to their failure to pay in rubles."

The EU had appeared to indicate last week a possible compromise solution that would allow the gas to keep flowing. But the move against bloc members Poland and Bulgaria probably makes a fix harder to achieve. Germany is massively dependent on Russian gas and has raised the prospect of rationing fuel if flows are cut.

Putin’s gambit also removes from the EU’s potential toolkit the option of sanctioning Russian gas. European ambassadors meet on Wednesday and options to ban oil are expected to be discussed.

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[Hardson]

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