US stocks continued their advance through uncharted territories as encouraging retail sales data and robust bank earnings in the fourth quarter further fueled the American stock purchases. The S&P500 (+0.84%) jump-opened above the 3300 mark and gained exponentially toward the closing bell...
Morgan Stanley 's fourth-quarter profit rose 46% from a year ago, capping off the bank's best year on record. The firm's profit of $2.2 billion, or $1.30 a share, on $10.9 billion in revenue, topped expectations of analysts polled by FactSet, who had forecast earnings of $1.02 a share on $9...
Shares of Goldman Sachs Group Inc. (GS) slipped 0.5% in premarket trading Wednesday, after the investment and consumer bank reported a fourth-quarter profit that fell well short of expectations, while revenue beat. Net income fell to $1.72 billion, or $4.69 a share, from $2.32 billion, or $6...
The signature of the phase one deal between the US and China sent the S&P500 and the Dow to fresh intraday record highs, although the last minute announcement that the tariff cuts on Chinese exports would not happen before the US presidential election left investors wondering if China could e...
Wells Fargo & Co. said that fourth-quarter profit fell 53% as the bank set aside more money to resolve issues tied to its sales-practices scandal. The bank's quarterly earnings totaled $2.87 billion, versus $6.06 billion a year earlier. Per-share earnings of 60 cents missed the $1...
The US – China trade deal is like watching a live show in the theatre of the absurd. The Trump administration revealed a detail that nobody expected just before the signature of the phase-one trade deal today: the tariff cuts will not take effect before the US election in November...
Technology stocks pushed the S&P500 and the Nasdaq to new records on Monday, as the rush toward the equities intensified ahead of the planned signature of the phase one deal between the US and China, and the release of the big US banks’ fourth quarter earnings...
Dare Bioscience Inc. (DARE) shares rose 79% to $1.50 after the company said it is in a licensing agreement with Bayer (BAYN.XE). Bayer may commercialize Dare's investigational contraceptive product Ovaprene in the U.S. once approved by the U.S. Food and Drug Administration, Dare said...
Equities started the week on a mixed note after stocks in the Wall Street fell from their all-time highs on Friday following a disappointing jobs report in the US. The US economy added 145’000 new jobs in December versus 160’000 expected by analysts...
Mediaset SpA (MS.MI) said that its shareholders approved plans to create a pan-European media and entertainment holding company at today's extraordinary general meeting...
Airbus said Thursday that it will expand its industrial output in the U.S. as it is looking to produce 63 A320 Family jets per month in 2021...
De-escalation of tensions in Iran following the relieving speech made by US President Donald Trump confirming that no military actions should be undertaken in Iran following missile strikes gives safe-haven Swissie some breathe...
For Walgreens Boots Alliance shareholders, the bad news keeps rolling in. After wrapping up 2019 as the worst-performing stock in the Dow Jones Industrial Average, the company delivered worse-than-expected fiscal first-quarter earnings and revenue Wednesday morning, sending shares falling...
Winds seem to be turning for the single currency after benefitting from stoic trade activities during the holiday season. Yet rising Middle East geopolitical tensions combined with poor economic data in Germany are weighing on the single currency despite a slight rebound in consumer prices...
2020 has started with a geopolitical « White Swan » (an understood risk that occurred unexpectedly) in the Middle East involving the US and Iran. Overnight the situation has escalated as Iran fired more than a dozen ballistic missiles on two bases in Iraq that house American Troops...
The Sino-American trade conflict takes back seat as the signature of the Phase One trade deal due for 15 January 2020 is expected to include a halving of US tariffs on $120 billion worth of Chinese goods implemented on 1 September 2019 to 7...
With Middle East tensions seemingly easing after financial markets tempered risks of a full-blown war beyond threatening rhetoric following the US drone attack from last week, safe-haven assets appear less of a bargain although fresh headlines on the front of Iran’s stance related to uranium enri...
Pivot (invalidation): 63.10 Our preference Short positions below 63.10 with targets at 62.20 & 61.50 in extension. Alternative scenario...
