Showing posts from March, 2022

Comptroller of the Currency Regulator Calls for Caution as Risk is Worsening | Thursday, March 31, 2022:

  Source: Top Banking Regulator Calls for Caution as Risk Landscape Worsens Richard Vanderford 3-4 minutes Acting Comptroller of the Currency Michael Hsu, pictured in August, said ‘strong, independent risk management’ can help banks avoid surprises. Photo: Alex Wong/Getty Images March 31, 2022 4:25 pm ET Banks face a more uncertain environment amid the war in Ukraine and need to shore up their risk management programs to gird against multiple nega

Metals | Spot Prices as of the Close of Trading in New York | March 24, 2022:

 Source: CMIGold & Silver Spot Prices as of close of trading in New York Thursday , March 24, 2022

Wall Street Market Closing Report | Thursday, March 31, 2022:

Source: Dow drops 500 points to end worst quarter for stocks in 2 years Jesse Pound, Hannah Miao 4-5 minutes Stocks fell for the second straight session on Thursday as traders wrapped up a rocky first quarter for Wall Street. The Dow Jones Industrial Average slid 550 points, or about 1.6%. The S&P 500 dipped roughly 1.6%, and the Nasdaq Composite was down 1.5%. Losses deepened in the final hour of trading, and stocks closed at session lows. Semiconductor and tech hardware stocks came under pressure Thursday amid analyst concerns over the PC market going forward . AMD shares slid more than 7% after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dipped 5.2% and 5.5%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley. Shares of Walgreens Boots Alliance dropped 5% , weighing on the Dow. The pharmacy chain beat

Does Inflation Weigh on Consumer Inflation? Updated March 31, 2022 1:50 pm ET:

 Source: Inflation Weighed on Consumer Spending Growth in February Gabriel T. Rubin 8-10 minutes Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased and inflation accelerated amid Russia’s invasion of Ukraine . U.S. households boosted their sending at a seasonally adjusted 0.2% pace in February from the month before, down from a revised 2.7% rate in January, when spending rebounded from an Omicron-related dip in December, the Commerce Department said Thursday. Household incomes rose in February as the unemployment rate dropped and employers scrambled to hire new workers . Personal income increased by 0.5% in February over the prior month, a pickup after it was nearly flat in January, but inflation rose more quickly . Income after taxes, adjusted for inflation, fell for the seventh straight month in Februar

US Stocks and Bonds Signals a Volatile Q1 Ends | Is Q1 Ends? | Thursday, March, 2022:

  Source: Analysis: U.S. stocks, bonds flash diverging signals as volatile first quarter ends March 31, 20221:10 PM GMT-5Last Updated an hour ago 5-6 minutes With the first quarter of 2022 nearly over, the U.S. stock and bond markets appear to be conveying drastically different assessments of the growth outlook, leaving investors to decide which view will prevail. The S&P 500 has come roaring back from a near-13% decline and is on track to finish the quarter off 3.6% after a rebound that has defied worries over tighter monetary policy and geopolitical instability stemming from the war in Ukraine. Many stock investors have even shrugged off a brief inversion of a closely watched section of the U.S. Treasury yield curve – a phenomenon that has predicted past recessions. Bond investors appear far more pessimistic on the economy, with the ICE BofA index on track for its worst start to the year ever on worries

Russia- Ukraine Crisis | Thursday 31, 2022:

  Source: Ukrainian Troops Push Forward as Russian Forces Regroup James Marson and Matthew Luxmoore 8-9 minutes Updated Mar. 31, 2022 1:37 pm ET Ukrainian officials said their armed forces are pressing forward against Russian military units around Kyiv, seeking to exploit Moscow’s efforts to regroup after weeks of heavy losses . After taking the city of Irpin to the northwest of Kyiv this week, Ukrainian forces are now engaged in heavy fighting in the neighboring towns of Bucha and Hostomel, officials said. In the Chernihiv region to the north of the capital, Ukrainian forces retook two villages and were pushing for further gains, officials said. “We have completely destroyed the enemy’s plans,” said Brig. Gen. Oleksandr Hruzevych, deputy chief of staff of the Ukrainian army. “The adversary has completely lost its offensive potential in the Kyiv region. It is trying to dig in and turn to defense in

Europe Markets Closing Report I Thursday., March 31, 2021:

 Source: European stocks log first losing quarter in two years as Russia-Ukraine war rattles sentiment Elliot Smith, Holly Ellyatt 3-4 minutes LONDON — European stocks closed lower on the last trading day of March, a month marked by global geopolitical and economic uncertainty after Russia's invasion of Ukraine. The pan-European Stoxx 600 closed lower by 0.7% on Thursday, but eked out a monthly gain of 0.8% for March. The European blue-chip index ended the first quarter of 2022 more than 6.3% lower, its worst three-month period in two years. In terms of individual share price movement, British advertising giant S4 Capital plunged more than 6% after pulling the publication of its results due to an auditing delay. At the top of the Stoxx 600, British wealth manager Quilter gained 2.2%. Geopolitical uncertainty and concerns over rising inflation have dominated market sentiment in March. Both Eur

Stocks Bigges Moves Premarket | Thursday, 31, 2022:

Source: Stocks making the biggest moves premarket: Walgreens, Baidu, Novavax and others Peter Schacknow 3-4 minutes Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but lost their gains and dipped negative. Baidu (BIDU) – Baidu lost 2.2% in premarket trading after the SEC added the search engine company to its list of U.S.-traded China stocks that could be delisted if they don't allow American regulators to review three years' worth of financial audits. Online entertainment company iQYI (IQ) was also added to that list, with its shares sliding 6.6%. Novavax (NVAX)

U.S. Market Futures Indication I Thursday, March 31, 2022:

  Markets Source: Dow and S&P 500 futures are little changed as Wall Street gets set to end a wild quarter Published Wed, Mar 30 2022 6:03 PM EDT Updated 41 Min Ag Hannah Miao @hannahmiao_ VIDEO 07:24 RBC's Lori Calvasina weighs in on the top risks to stocks Stock futures were little changed in early morning trading Thursday as traders wrap up a month and quarter. Futures on the Dow Jones Industrial Average slipped 26 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures added 0 Some tech stocks were under pressure Thursday amid analysts concerns over the PC market going forward. AMD shares slipped more than 1% in the premarket after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dipped 3.8% and 2%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley. Oil prices fell sharply , with West Texas Intermediate futures dropping 5% to $102.18 per barrel