Stocks rallied on Wednesday as US Treasury yields backed off recent highs, but the breakneck pace of the rates rally combined with slowing economic growth is flashing a warning to bond market observers.
US 10-year yields are higher than those of Greece, Spain, Germany, and Japan, despite the fact that these countries have higher inflation rates and worse credit ratings, leading to concerns about the divergence being divorced from fundamentals.
U.S. stocks turned higher and Treasury yields eased as investors awaited the monthly jobs report from the Labor Department, with caution surrounding the potential impact on stocks and the Federal Reserve's rate hike plans.
Stock futures decline after the S&P 500's strong performance, with Rivian, Tesla, Clorox, BlackBerry, and Exxon among the top movers.
The yen and euro received relief as the dollar and U.S. Treasury yields stalled after U.S. private payrolls growth slowed, leading investors to reduce bets the Federal Reserve will hike rates again this year.
Uncover, a startup founded in Kenya, is addressing the gap in beauty and personal care products tailored to African consumers by developing a range of cosmetics that meet their specific needs, incorporating African-grown ingredients and avoiding common issues such as leaving a white cast on the skin. With a focus on digital tools and personalized recommendations, Uncover has gained a significant digital audience and aims to expand across Africa, with the mission of changing beauty standards on the continent.
India's markets regulator, the Securities and Exchange Board of India (SEBI), will inform the country's top court about the pause and subsequent restart of investigations into the Adani Group following a tip in 2014 regarding alleged misuse of offshore funds, according to sources. SEBI restarted the investigation this year after Hindenburg Research raised governance concerns, which Adani Group has denied.
The Australian dollar is attempting to recover against the US dollar due to softening US jobs data, but traders remain cautious ahead of tomorrow's NFP report which could increase volatility; technical analysis shows a potential for further upside.
Ofcom has referred the UK's cloud computing market to the Competition and Markets Authority (CMA) for investigation due to concerns about Amazon and Microsoft's dominance and lack of competition in the sector. Ofcom is particularly concerned about egress fees, technical barriers to interoperability and portability, and committed spend discounts. The CMA will conduct an independent investigation to determine if there is an adverse effect on competition and recommend appropriate action.
European stocks opened higher following a pullback in U.S. Treasury yields, while French train manufacturer Alstom faces trading suspension and a possible 35% decline in shares after a cash flow update. A bearish fund manager warns of a major U.S. debt crisis, Goldman Sachs reveals its new list of top European stock picks, and one portfolio manager says the commodities market is an attractive investment. European markets are expected to open higher.
Hong Kong stocks rebounded as buyers took advantage of the market sell-off, while Macau casinos saw gains due to strong visitor arrivals during the "golden week" holiday, and US equities also contributed to the positive sentiment.
The UK's communications regulator has referred the cloud computing market to the competition watchdog for investigation due to concerns about Amazon and Microsoft's dominant position and the difficulty of switching or using multiple cloud providers.
Stocks climbed and Treasury yields retreated, providing a brief reprieve amidst lower-than-expected payroll growth and concerns of a debt crisis.
Booking Holdings has the potential to rise 41% in a slowing travel market.
Travel can be difficult, but investing in the travel sector is made easy by Barron's.
Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors and analysts said before it lists on the New York Stock Exchange next week.
European and global markets are experiencing relief as bond yields and the dollar decrease while stock markets stabilize and gold prices rise, thanks to a cooler-than-expected U.S. private payrolls report and a significant drop in crude oil prices.
Rising concerns over U.S. government spending and the budget deficit have led to a sell-off in Treasury bonds, pushing prices to 17-year lows as bond vigilantes punish profligate governments by selling their bonds.
Asian shares rise as oil prices decline, easing inflationary pressures and boosting market sentiment, with benchmarks in Tokyo, Sydney, Seoul, and Hong Kong all advancing.
Global bonds are unlikely to see a sustained rally unless there is a significant decline in equities, according to analysts at Barclays, who argue that there is no specific level of yields that will automatically attract enough buyers to support bond prices.
The global retail analytics market was estimated to be valued at USD 7.4 billion in 2022 and is projected to reach USD 40.4 billion by 2032, with a CAGR of 18.6%; retail analytics uses advanced computational techniques to gather, process, and analyze data from various sources to provide valuable insights into customer behavior and improve business decisions and performance.
The Hong Kong stock exchange's Growth Enterprise Market (GEM) is experiencing a 99% fall from its peak, pushing small-cap stocks into a viability crisis and leading to concerns about the market's failure and lack of investor interest.
Cathie Wood, founder and CEO of Ark Invest, believes that growth stocks are primed for a rebound as innovative technologies like artificial intelligence act as deflationary forces. She remains confident in her investment strategy of disruptive technology and growth companies, despite recent struggles, and expects her fund to outperform the market in the future.
Jim Cramer anticipates a potential stock market rally based on Friday's upcoming nonfarm payroll report, which may influence the Federal Reserve’s decision on interest rates and potentially please the market, although weakness in certain sectors is expected.
The moon scoop used in the Apollo 16 mission to collect rock samples from the moon is currently up for auction with a highest bid of over $60,000.
Carvana's stock closed at $37.63, down 1.52% from the previous session, as investors await the company's upcoming financial results which are predicted to show growth in EPS.
Asian markets are expected to rebound following a relief bounce around the world on Wednesday, with currency traders keeping an eye on inflation reports from across the continent.
Nvidia's stock price increased by 1.2% in the most recent trading session, outperforming the S&P 500, and analysts expect the company to post year-over-year earnings growth of 472.41% in its upcoming earnings report.
PepsiCo's stock demonstrated a slight increase in the recent trading session but has experienced losses over the past month, with investors closely monitoring the company's upcoming earnings report which is projected to show an increase in EPS and revenue compared to the previous year. Analyst estimates and the company's Zacks Rank of #4 (Sell) suggest caution, and its valuation indicates a premium in trading.
Despite lower temperatures and high interest rates slowing down home sales in the fall, certain affordable markets, such as Rochester, NY, are experiencing high demand and competitive conditions due to their affordability and lower cost of living.
Global strategist Albert Edwards warns that the stock market's strength in 2023, despite the economy-slowing effects of higher interest rates, resembles the conditions leading up to the 1987 Black Monday crash.
Mortgage applications hit their lowest levels in nearly 30 years due to an increase in borrowing costs, forcing potential buyers out of the market and leading to a rise in adjustable-rate mortgages as borrowers search for ways to lower their payments.
The ousting of Kevin McCarthy as House Speaker has left investors uncertain about the future direction of Washington's political chaos.
Stock indices finished in positive territory, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the energy sector experienced losses; meanwhile, the U.S. 10-Year Treasury yield decreased and the Two-Year Treasury yield also saw a decline. The Factory Orders report showed an increase in new purchase orders placed with manufacturers, beating expectations. The ISM Non-Manufacturing Purchasing Managers' Index indicated a slight contraction in the non-manufacturing sector, and the ADP jobs growth data showed a slowdown in job growth and wages. U.S. Futures opened lower following higher-than-anticipated JOLTs jobs opening data. Asian markets ended mixed, while European indices traded in the red.
Investors and consumers should evaluate their options to preserve and grow wealth in the face of a simultaneous drop in both the stock and government bond markets, high borrowing costs, and the potential for political instability.
The spread between the two-year and 10-year Treasury bonds is narrowing, indicating a potential recession on the horizon.
Despite contracting UK economic data, the GBP/USD rebounds due to a weakening US Dollar and positive market sentiment.
The 10-Year US Treasury yield has reached its highest level since 2007, causing concern among investors as rising bond yields have a negative impact on stock prices, bond market performance, and the overall economy.
The stock market is poised for a relief rally, as several internal indicators have hit oversold extremes after a period of panic selling, according to Fairlead Strategies' Katie Stockton.
The US economy could be reaching a tipping point as bond yields rise, while gold remains relatively resilient but faces pressure from the bond market.
Europe is defying the global trend of declining venture capital investment, with deal volume in the continent perking up despite a slump in the global market.
Wall Street stocks recover as bond yields ease and investors brace for fallout from House Speaker ouster.
Oil demand is predicted to remain strong into 2024, with a substantial rate of growth expected despite the potential impact of electric vehicles.
Stock market outlook is divided as some remain bullish, citing attractive valuations and potential for a year-end rally, while others warn of ongoing sell-off due to expensive valuations, restrictive interest rates, and geopolitical risks.
The rate of pay increases for job switchers in the US has slowed to 9%, the lowest rate since June 2021, with the difference between wage growth gained by leaving a job versus staying at its slimmest margin since October 2020, according to data from ADP.
Stocks opened higher on Wall Street as bond yields retreated and investors prepared for the consequences of the US House Speaker's removal, following a sell-off on Tuesday that pushed the Dow Jones Industrial Average into negative territory for the year.
Investors are likely to continue facing difficulties in the stock market as three headwinds, including high valuations and restrictive interest rates, persist, according to JPMorgan. The bank's cautious outlook is based on the surge in bond yields and the overhang of geopolitical risks, which resemble the conditions before the 2008 financial crisis. Additionally, the recent reading of sentiment indicators suggests that investors have entered a state of panic due to high interest rates.
Indian equity indices closed lower for the second consecutive day on Wednesday, dragged down by banking, financial, and auto stocks, with the BSE benchmark Sensex falling by 0.44% and NSE Nifty ending below the 19,450 level.
Falling U.S. bond prices and the rapid normalization of the Treasury yield curve are signaling that a recession may be imminent, according to DoubleLine Capital founder Jeff Gundlach, who will be closely monitoring the September jobs report for further clues.
UK Chancellor, Rishi Sunak, has announced that the proposed second phase of HS2 (a fast rail link between Manchester and Leeds), will be scrapped due to skyrocketing costs and delays. Instead, he revealed that £36bn of savings will be redirected to fund road and rail projects across all of the north of England and the Midlands.