The recent earnings reports from the top three public cloud providers, AWS, Microsoft, and Google Cloud, indicate a robust public cloud market with AWS leading in revenue growth and Microsoft's Azure gaining market share, while Google Cloud underperforms relative to its competitors.
The US Dollar Index remains firm with potential for upside momentum, while GBP/USD is vulnerable to the downside as it tests support levels. The S&P 500 faces major support levels but may see profit-taking, and spot gold shows potential for further recovery gains. BTC/USD is in an ascending triangle pattern on the H1 timeframe, with buyers favored but overbought conditions present.
Australia's retail sales is the only event on the Asian and Pacific economic calendar on Monday, but it is expected to be a relatively quiet week before a potentially volatile week for world and Asian markets, with various monetary policy decisions, economic data releases, and geopolitical events on the horizon.
Australia's rental housing market, fueled by high migration and limited supply, is becoming increasingly unaffordable for tenants as prices rise and vacancies hit record lows. Rent is now a major driver of inflation and could lead to further interest rate hikes, pushing up mortgage rates for landlords and forcing tenants to make difficult decisions.
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Australia's rental housing market, driven by migration and supply shortages, is becoming increasingly unaffordable with record-low vacancies and a 30% rise in prices over three years, putting pressure on tenants and pushing up inflation, potentially leading to interest rate hikes and further rent increases.
Investors are expected to focus more on the Treasury Department's new borrowing plan, which will reveal the extent of longer-term debt sales to fund a widening budget deficit, rather than the Federal Reserve's policy statement.
Fear of potential market downturns and economic uncertainty has increased in October due to a sharp selloff in the stock market, rising bond yields, and concerns over U.S. government spending and debt, causing investors to seek safer investments and strategies to weather potential volatility.
Global equity markets declined on mixed earnings, Middle East uncertainties, and a longer interest rate outlook, while risk-sensitive currencies and Bitcoin also experienced drops.
Freshworks aims to achieve a revenue target of $1 billion by 2026 through expansion in its IT service management (ITSM) business and a move upmarket, despite a slowdown in demand from small and mid-market organizations.
Investors should consider buying Amazon stock due to its position at the forefront of AI adoption, plans for generative AI in its e-commerce site, and its cheap stock price.
The US budget deficit, which has reached a record high of $2 trillion, along with factors such as inflation and geopolitical tensions, are causing investors to question the sustainability of the US debt level and demand higher compensation for holding long-term bonds, leading to higher yields.
Novo Nordisk plans to acquire ocedurenone, a pharmaceutical asset, to treat uncontrolled hypertension in patients with advanced chronic kidney disease, potentially giving them a dominant position in the CKD market and offering additional opportunities in hypertension therapies, which could contribute to the company's growth.
The stock market is sending mixed messages to investors as buy and sell signals flash, with investors uncertain about the market's direction amidst concerns of a recession and a year-end rally.
The war between Israel and Gaza has the potential to disrupt global energy markets, particularly if Iran or its proxies target oil infrastructure in Saudi Arabia, the United Arab Emirates, or Kuwait.
The article suggests that the second wave of the bear market has begun and predicts further price erosion of 16% on the S&P 500, supported by Master Sentiment Indicators that show no signs of the bear market being over yet.
Market volatility may worsen as a plethora of data releases are scheduled for Wednesday, including the ADP Jobs Report, JOLTS, ISM, FOMC rate decision, and Jay Powell press conference, signaling that the Fed needs to remain open to further rate hikes due to strong economic data and the need to bring inflation back to target.
On this day in 1929, nearly 13 million shares of stock were traded as Black Thursday hit Wall Street, marking the start of the worst stock market crash in U.S. history and the beginning of the Great Depression.
Spikes in bond yields suggest the return of bond vigilantes and may have negative implications for stocks, leading investors to consider shorter-term bonds as an alternative.
Investors will be focused on the Federal Reserve's interest rate policy meeting and an influx of earnings reports this week as market volatility continues, with major indexes experiencing declines and economic indicators suggesting that inflation remains a concern for the central bank.
Some energy stocks, such as Enbridge, Energy Transfer, and Enterprise Products Partners, are considered ideal choices for dividend investors because they are relatively immune to the impacts of oil price volatility due to their business models focused on collecting fees and generating stable cash flows.
The "Magnificent Seven" stocks, including Amazon and Nvidia, have outpaced the broader market this year and still have significant upside potential, with analysts suggesting gains of 36% and 52% respectively over the next 12 to 18 months.
The major factors that will influence stock market trends this week include the US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements, quarterly earnings reports, and the trading activity of foreign investors.
Low inventory levels and high mortgage rates are giving sellers the upper hand in the housing market, making it challenging for buyers in 2024, but if rates were to drop, it could spur activity for both buyers and sellers.
The Buffalo Bills are reportedly focused on acquiring a cornerback before the NFL trade deadline, as they have been dealing with injuries in the position and are in need of depth.
Prospective home buyers can expect high mortgage rates, high home prices, and low housing inventory in November, making it a challenging month to buy a home.
The total value of major compliance carbon markets is expected to exceed $800 billion this year, indicating growth in carbon trading despite concerns about the efficacy of carbon offsets in controlling climate change.
The US Treasury Department is expected to release an update on its debt issuance plans, with Wall Street banks increasing their forecasts for the amount of Treasuries to be auctioned, while bond market investors show signs of lackluster demand for the rising supply of debt.
Iran's currency and stock markets are under pressure due to the escalating tensions in the Gaza conflict and strained relations with the US, leading to a significant decline in the value of the rial and a decrease in the stock market index.
The US's growing debt burden, with a debt-to-GDP ratio exceeding 100%, is causing concern on Wall Street and contributing to a meltdown in Treasury-bond prices, prompting worries about the government's spiraling debt and the possibility of "bond vigilantes" fueling the Treasury-market meltdown.
Bonds are becoming more attractive than stocks as yields on US government debt rise, reaching 5% for the first time since 2007, making it a good time for investors to consider Treasury bonds due to their low-risk nature and competitive yields compared to dividends from S&P 500 firms. Additionally, bond yields are expected to remain elevated due to the fed's commitment to controlling inflation, while the outlook for stocks is uncertain in the face of higher interest rates.
Kenyan B2B e-commerce company MarketForce has shut down operations in three markets and will focus on launching a social commerce spinout in Uganda, as the company faces a cash crunch and pursues profitability.
Investors are closely monitoring the conflict in the Middle East for signs of escalation, which could increase market volatility, as the U.S. dispatches more military assets and Israel continues attacks in Gaza, Lebanon, and Syria; concerns over crude supplies and safe-haven buying of Treasuries have already affected oil and gold prices.
REITs in the real estate sector experienced a downward trend despite meeting earnings expectations, likely due to the broader market decline caused by weak technology earnings, with major players like Medical Properties Trust (MPW), American Tower (AMT), and VICI Properties (VICI) boosting guidance after beating Q3 consensus, while the FTSE Nareit All Equity REITs and Dow Jones Equity All REIT Total Return Index both declined, and the mortgage REITs index dropped significantly.
The current bear market presents great buying opportunities for dividend stocks, with many high-quality companies offering attractive discounts and starting dividend yields.
Market volatility and sell-offs have been frustrating despite positive earnings reports from big cap tech companies; technical factors and concerns over macroeconomic factors may be contributing to the weakness, but the market is still bullish and recommends considering Microsoft, Alphabet, Chipotle, and Altria.
Costco Wholesale's stock has declined over the past month, but its promising financial performance and high return on equity (ROE) suggest potential growth, despite expectations of slower earnings growth in the future.
During the Nasdaq bear market dip, four dominant growth stocks that investors may regret not buying are Meta Platforms, Okta, Exelixis, and Alphabet.
Societe Generale's Albert Edwards warns that the US economy is facing significant weaknesses, including rising bankruptcies and poor credit conditions, despite positive headline numbers such as low unemployment and GDP growth.
The panel discusses various topics including the impact of snowstorms on markets, the bullish narrative for grain prices, the role of fundamentals in the cattle market, the availability of December 2027 corn futures, the sell-off in feeder cattle, and the potential offset of higher interest rates through carry.
Seasoned investors view market corrections as opportunities to increase allocations, while newcomers may get jittery, according to experts. Although mid and small caps are more volatile, they have the potential to deliver better returns in the long run. Investors should align their risk appetite with their portfolio and consider investment options such as index funds and active funds in the mid-cap and small-cap sectors.
Global shares struggled despite gains from technology giants, while U.S. inflation remained high but in line with forecasts, leading economists to believe the Federal Reserve is done raising interest rates.
Nigeria's naira is at risk of exceeding 1,000 per dollar after hitting a record low of 999 last week, mainly due to a backlog of accumulated forex demand, declining investments, and lower oil exports, which account for most of the country's export income. Additionally, Nigeria's forex reserves have fallen, and the central bank has not yet restored forex open positions, hindering access to foreign currency and contributing to the currency's weakness.
Financial markets are preparing for a potentially significant week as the Federal Reserve meeting, U.S. employment data, and Apple's earnings could determine the future trajectory of stocks and bonds for the rest of the year.
Financial markets are facing a crucial week with the Federal Reserve meeting, US employment data, and Apple's earnings potentially setting the direction for stocks and bonds for the remainder of the year.
Rivian Automotive's stock has dropped by 29.94% in the past month, and the company is set to announce its earnings on November 7, 2023, with projected year-over-year growth of 13.38% and an estimated revenue increase of 154.57%.
The SEC commissioner Hester Peirce expressed disagreement with the regulator's lawsuit against LBRY, stating that the enforcement action had a detrimental impact on the blockchain firm and discouraged experimentation in the blockchain industry.
Pharmaceutical giant Pfizer is setting the price for a five-day treatment of Paxlovid at $1,390 as it enters the private market, but Americans can still access the pills at no cost for now, with the government providing free courses at pharmacies, hospitals, and doctor's offices.
Masco management expects a 10% decline in sales and a decrease in adjusted operating margin for 2023, but their profit margins have been better than anticipated, leading to an increase in the full-year adjusted operating margin guidance; analysts believe Masco's stock is undervalued and expect the company to outperform the broader repair and remodel market.
The S&P 500 closes in correction territory as weaker-than-expected earnings reports and strong economic data cause volatility in the market.