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Sean Yokota of SEB sees stocks heading into a correction and says Japanese markets could be among the hardest hit. Japan is struggling to contain the spread of the highly contagious delta variant. Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB's Sean Yokota. "For the next couple of […]
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Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden's economic agenda is critical to maintaining America's status as the world's superpower, according to a copy of her remarks obtained by CNBC. Yellen will deliver the address in Atlanta as part of a White House messaging blitz designed to rally the public behind the trillion-dollar bipartisan infrastructure bill […]
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The widespread and enduring failings in Credit Suisse Group AG’s risk management exposed by the Archegos scandal were laid out in all their gory detail. The Swiss bank has started addressing each weakness one by one. What’s needed is for these measures to coalesce into a total cultural overhaul. The implosion of Archegos Capital Management came fast in March. Credit […]
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Asia-Pacific stocks were mixed in Tuesday morning trade. The Reserve Bank of Australia is set to announce its interest rate decision at 12:30 p.m. HK/SIN on Tuesday. SINGAPORE — Stocks in Asia-Pacific traded mixed on Tuesday morning as investors looked ahead to the Reserve Bank of Australia's latest interest rate decision. The Nikkei 225 in Japan slipped 0.66% in early […]
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U.S. stock futures gained ground ahead of the first trading day of August after the S&P 500 logged its sixth straight monthly gain in July. While dropping Friday and last week, the S&P 500 and the Dow headed into the new month within 1% of their latest record high closes set last Monday. The Nasdaq, which also fell Friday and […]
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Earnings are in focus once again in Europe on Monday, with Heineken, AXA and HSBC among the big names reporting. On the data front, final Markit manufacturing PMI (purchasing managers' index) readings for July are due from across the euro zone and the U.K. on Monday morning. LONDON — European stocks are set to open higher on Monday, tracking positive […]
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The overall market was trading lower at the noon hour Friday, partially due to the previous night’s weakish earnings report from Amazon and its impact on a number of other e-commerce stocks like PayPal, eBay and Etsy. Friday was also the last trading day of the month, and some portfolio managers were reconfiguring their holdings. Meme stocks were about evenly […]
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The week just ending saw earnings reports from all five of the largest (by market cap) U.S.-based companies. All five are tech giants, and only one (Amazon) staggered a bit. In the week of August 2, we shall be getting June-quarter results from several oil and gas exploration and production companies, along with some big health care firms and media […]
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As nearly always during earnings season, Friday afternoon has no notable earnings reports on the calendar. Monday morning also is often light, and next Monday is no different. After markets close Thursday, Amazon, First Solar and T-Mobile will disclose June-quarter results. On Friday morning, three closely followed companies, including one Dow Jones industrial average component, will report earnings: Caterpillar, Chevron […]
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The U.S. Department of Labor is set to share the number of jobless claims filed last week at 8:30 a.m. ET. The number of pending home sales in the U.S. in June is set to come out at 10 a.m. ET. U.S. Treasury yields ebbed lower on Thursday morning, as investors continued to digest the Federal Reserve's latest policy decision. […]
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