Showing posts from August, 2021

U.S. Politics: President Biden Defends His Decision To End War with Afghanistan.

 Source: Amanda Macias 12-15 minutes WASHINGTON – President Joe Biden defended his decision to end the U.S. war in Afghanistan after 20 years of conflict, saying the era of large U.S. military deployments to rebuild other nations has ended. Biden's address Tuesday came just 11 days before the 20th anniversary of the Sept. 11, 2001 terrorist attacks that precipitated the U.S intervention in Afghanistan. "My fellow Americans, the war in Afghanistan is now over. I'm the fourth president who has faced issue of whether and when to end this war," Biden said from the White House. "When I was running for president I made a commitment that I would end this war and today I have honored that commitment. It was time to be honest with the American people again, we no longer had a clear purpose in an open-ended mission in Afghanistan," he added. At 3:29 p.m. ET on Monday, one minute before midnigh

Metals | Spot Prices as of the Close of Trading Day in New York.

 Source: CMI Spot Prices as of close of trading in New York Tuesday, August 31, 2021 GOLD TODAY $1,815.31 CHANGE + $5.34 WEEK AGO $1,805.93 MONTH AGO $1,801.16 YEAR AGO $1,974.97 SILVER TODAY $23.98 CHANGE + $0.02 WEEK AGO $23.88 MONTH AGO $24.68 YEAR AGO $28.48 PLATINUM TODAY $1,018.50 CHANGE + $9.21 WEEK AGO $1,015.76 MONTH AGO $1,056.50 YEAR AGO $952.22 PALLADIUM TODAY $2,485.41 CHANGE + $9.49 WEEK AGO $2,459.86 MONTH AGO $2,612.50 YEAR AGO $2,354.19 GOLD/SILVER RATIO 75.70

U.S. Market at Close Report: Dow Jones Industrial Average Slipped 37 Points and S&P Headed for its Seventh Straight Month Gains in August.

 Source: Jesse Pound 4-5 minutes Stocks hovered near record highs on Tuesday as the S&P 500 headed for its seventh straight month of gains at a record high. The Dow Jones Industrial Average slipped 37 points, or about 0.1%. The S&P 500 lost 0.1%, while the Nasdaq Composite was down 0.1%. Tuesday marks the last trading day of August, and major averages are poised to post solid gains for the period. The S&P 500 is up 3% this month, while the tech-heavy Nasdaq Composite has climbed 4%, on pace to post its third winning month in a row.

Europe Markets at Close Report: European Markets Close Lower on Inflation Fears However Post it's Seventh Straight Months of Gains.

Source: Holly Ellyatt 3 minutes LONDON — European stocks closed lower on Tuesday, as investors digested the latest economic data from the region and beyond. The pan-European Stoxx 600 index closed down 0.5% provisionally. However, the index was up over 1% month-on-month, marking its seventh consecutive month of gains. That's despite August typically being a quieter month for trading given the summer vacation period. Markets turned lower on Tuesday following the release of euro zone inflation data for August which showed consumer prices increased by 3% this month from a year ago, according to preliminary estimates, far above expectations and the European Central Bank's 2% target. The data will put pressure on the central bank to address inflation concerns at a key meeting next week. Looking at individual stocks, Belgium-based biotech company Galapagos, its share price rising 7% after it sai

Oil Price Report (Morning Edition): Oil price Near Its Biggest Loss Since October.

 Source: By Sharon Cho and Alex Longley on 8/31/2021 4-5 minutes SINGAPORE (Bloomberg) --Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. West Texas Intermediate fell 0.8% in New York and is down about 7% this month. While Gulf of Mexico crude producers are expected to gradually resume service after Ida crashed ashore in Louisiana, local refineries may be slower to return. Economic data from China, meanwhile, showed the impact from the delta variant outbreak in August. The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on. With expectations that

Gold Price Report (Morning Edition): Gold Outperforms U.S. Jobs Data.

Source: The Bharat Express News 5-6 minutes Globally, yellow metal prices have been supported by a weak dollar as investors turn to nonfarm payroll data in the United States. Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices edged up in India on Tuesday, on positive global signals. On Multi Commodity Exchange, October gold futures were trading Rs 125 or 0.27% up to Rs 47,289 for 10 grams, against the previous close of Rs 47,164. December silver reigned supreme at Rs 63,836 per kg, up from Rs 250 or 0.4%. In the previous session, silver futures closed at Rs 63,587. Globally, yellow metal prices were supported by a weak dollar as investors turned to data on gold. non-farm wages in the United States, which could be the key to the Federal Reserve’s debt reduction decision, according to Reuters. Spot gold rose 0.1% to $ 1,812.27 an ounce, and US gold futures rose 0.2% to $ 1,81

Biggest Moves Premarket: Zoom Video, Robinhood, Designer Brands & More:

 Source: Peter Schacknow 4-5 minutes Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the first time. Growth rates have slowed from the meteoric levels seen as the pandemic began in 2020. Its shares plunged 11.3% in the premarket. Robinhood (HOOD) – Robinhood fell another 2.8% in premarket trading, following a 6.9% Monday tumble. The trading platform operator saw its stock pressured after CNBC reported that PayPal (PYPL) was exploring the launch of its own stock trading platform, as well as SEC Chairman Gary Gensler's comment that a ban of payment for order flow – which constitutes the bulk of Robinhood's revenue – was "on the table." Designer Brands (DBI) – The footwear retailer formerly known as DSW reported quarterly

Today's Top 10 Cryptocurrency Prices.

 Source: Aratrika Dutta 1-2 minutes The top 10 current cryptocurrency prices on August 31, 2021, listed by Analytics Insight The crypto market is highly volatile resulting in frequent changes in the pricing of cryptocurrencies. Even looking at only the most well-known crypto tokens such as Bitcoin, Ether, Dogecoin, Tether, and Dogecoin, there have been a lot of ups and downs in their value. Therefore, Analytics Insight presents a daily collection of news and information about the pricing of Bitcoin, Ethereum, Dogecoin, and more.  Bitcoin (BTC)- US$47,233.91 (down by 1.71%) Ethereum (ETH)- US$3,241.50 (up by 2.15%) Cardano (ADA)- US$2.81 (up by 0.06%) Binance Coin (BNB)- US$463.83 (down by 2.46%) Tether (USDT)- US$1.00 (down by 0.04%) XRP (XRP)- US$1.13 (down by 0.44%) Dogecoin (DOGE)- US$0.2752 (down by 2.31%) Solana (SOL)- US$116.75 (up by 18.79%) USD Coin (USDC)- US$1.00 ( 0.00%) Polkadot (DOT)- US$27.4

U.S. Treasury Yields Report (Early Morning Edition): Treasury Yields Edge Higher as Jobs Data Remains alert Investors.

 Source: Vicky McKeever 2 minutes Treasury yields moved modestly higher on Tuesday morning, as investor focus remained on a key jobs report due out later in the week. The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.289% at 7:20 a.m. ET. The yield on the 30-year Treasury bond was flat near 1.9%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Treasurys The August nonfarm payroll report is due to be released at 8:30 a.m. ET on Friday. Economists polled by Dow Jones expect 750,000 jobs were created in August and the unemployment rate fell to 5.2%. The Federal Reserve is monitoring the recovery in the labor market to gauge when it should tighten monetary policy. Fed Chairman Jerome Powell indicated in a speech at the central bank's annual Jackson Hole symposium on Friday that it would likely begin to taper bond purchases before the end of the year. However,

The Dollar Exchange Rate: The Dollar Near its 2-Week Low. Investors Look to U.S. Jobs Data as Catalyst.

 Source: Reuters 3-4 minutes The dollar hovered near two-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week for clues on taper timing, while the Chinese yuan shrugged off soft factory and services sector surveys. The U.S. currency steadied from falls after Federal Reserve Chair Jerome Powell on Friday offered no signal on when the central bank plans to cut its asset purchases beyond saying it could be "this year." "The payroll data will be the next highlight given the focus on the Fed's taper. A strong reading will boost expectations the Fed will give markets prior notice in September before a formal decision in November," said Yukio Ishizuki, senior strategist at Daiwa Securities. Weaker jobs numbers, due to be released on Friday, could instead cement a case for later action - a pre-announcement in November with a formal decisi

U.S. Market Futures Indications: Futures are Flat as the S&P 500 Looks looks to Wrap up its 7th Winning Month in a Row.

 Source: Yun Li 3-4 minutes The bull sculpture representing the rise of the market by artist Reinhard Dachlauer is pictured in front of the stock exchange in Frankfurt, Germany, on December 29, 2020. Daniel Roland | AFP | Getty Images Stock futures were flat on Tuesday as the S&P 500 looks to wrap up its seventh straight month of gains at a record high. Futures on the Dow Jones Industrial Average gained about 11 points. S&P 500 futures were flat. Nasdaq 100 futures lost 0.1%. The S&P 500 notched its 53rd record close of 2021 on Monday. Tuesday marks the last trading day of August, and major averages are poised to post solid gains for the period. The S&P 500 is up 3% this month, while the tech-heavy Nasdaq Composite has climbed 4%, on pace to post its third winning month in a row. The blue-chip Dow is up a more modest 1.3%. For the S&P 500, it will be its longest winning streak since a 10-mon

Asia-Pacific Markets at Close Report: Asia-Pacific Were Mixed on Tuesday as Data Showed Slowing Chinese Factory Activity.

 Source: Eustance Huang 3-4 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Tuesday, as data showed slowing Chinese factory activity growth in August. In mainland China, the Shanghai composite rose 0.45% to close at 3,543.94 while the Shenzhen component shed 0.659% on the day to 14,328.38. China's factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday showed. The official manufacturing Purchasing Managers' Index for August came in at 50.1, against July's reading of 50.4. Meanwhile, the official non-manufacturing PMI for August came in at 47.5 — its lowest reading since the height of the pandemic in early 2020 . PMI readings above 50 represent expansion, while those below that level signal contraction. PMI readings are sequential and represent month-on-month expansion or contractions. "I think these numbers confirm what a lot of other d

U.S. Market at Close Report: S&P 500, Nasdaq Close at Record Highs.

 Source: Jesse Pound 4-5 minutes The S&P 500 set another record high on Monday as the market continued to rise in the final days of August. The broad market index gained 0.6% to set a new intraday record high, and the Nasdaq Composite traded up 1% for its own all-time high. The Dow Jones Industrial Average shuffled between gains and losses in afternoon trading. Key technology shares were leading the way on Monday. Microsoft and Netflix each rose about 1%, while Apple jumped 3%. Shares of Affirm Holdings surged more than 40% after the buy now, pay later company announced a partnership with Amazon on Friday . Amazon's stock rose about 2%. Financial stocks weighed on the broader market, with Capital One shedding over 5% and Wells Fargo losing 2%. Airline stocks lost ground the European Union recommended that member countries reinstate a ban on non-essential travel to the U.S . due to the Covid-19. Shares of Pay

Metals | Spot Prices as of Close of Trading in New York.

Source: CMI Spot Prices as of close of trading in New York Monday, August 30, 2021 GOLD TODAY $1,809.97 CHANGE - $8.06 WEEK AGO $1,803.42 MONTH AGO $1,799.26 YEAR AGO $1,973.58 SILVER TODAY $23.96 CHANGE - $0.13 WEEK AGO $23.61 MONTH AGO $25.25 YEAR AGO $28.38 PLATINUM TODAY $1,009.29 CHANGE - $5.96 WEEK AGO $1,022.50 MONTH AGO $1,073.00 YEAR AGO $938.94 PALLADIUM TODAY $2,475.92 CHANGE + $62.72 WEEK AGO $2,413.47 MONTH AGO $2,679.00 YEAR AGO $2,323.38 GOLD/SILVER RATIO 75.54