Showing posts from August, 2022

Europe Markets Closing Report | August 31, 20232:

EUROPE     Source:   Elliot Smith, Holly Ellyatt 6-8 minutes European markets closed lower on Wednesday as traders grappled with fears of higher interest rates and a looming economic downturn. The pan-European Stoxx 600 provisionally closed down by 1%. Oil and gas stocks fell 2.7% to lead losses as most sectors and major bourses dipped into negative territory. Travel and leisure stocks bucked the downward trend, closing up 0.6%. Market jitters have been prevalent since Friday after hawkish remarks from Federal Reserve Chair Jerome Powell. On Tuesday, New York Fed President John Williams called for a " somewhat restrictive policy to slow demand. " Shares in Asia-Pacific closed mostly lower overnight following a negative lead from Wall Street, and as investors digested China's factory activity data. Meanwhile, U.S. stocks traded mixed at the start of Wednesday's session. Read More.-

Wall Street Markets Closing Report | August 31, 2022:

 Taken From: Reuters Date as of Aug 31 2022. Source: Refinitiv , an LSEG business - data delayed by at least 15 minutes Index Last Change % Change trading lower DOW JONES INDU AVERAGE NDX .DJI 31,790.87 -308.12 - 0.96% Negative -- trading lower NASDAQ Composite Index .IXIC 11,883.14 -134.53 - 1.12% Negative -- trading lower NYSE COMPOSITE .NYA 14,931.42 -187.43 - 1.24% Negative -- trading lower S&P 500 INDEX .SPX 3,986.16 -44.45 - 1.10% Negative -- trading lower TSX-Toronto Stock Exchange 300 Compo .GSPTSE 19,512.90 -323.22 - 1.63% Negative -- trading lower FTSE 100 IDX .FTSE 7,361.63 -65.68 - 0.88% Negative -- trading lower ESTX 50 PR INDEX .STOXX50E 3,561.92 -8.59 - 0.24% Negative -- trading higher DEUTSCHE BORSE DAX INDEX .GDAXI 12,961.14 +68.15 + 0.53% Positive -- trading lower CAC 40 INDEX .FCHI 6,210.22 -12.06 - 0.19% Negative -- trading lower IBEX 35 COMPOSITE INDEX .IBEX 7,979.80 -9.80 - 0.12% Negative -- trading higher NIKKEI 225 INDEX .N225 28,195.58 +316.62 + 1.14% Posit

Oil Price Report Afternoon Edition on August 31, 2022.   3-4 minutes Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, the prospect of central bank interest rate hikes, and increased restrictions to curb Covid-19 in China. Brent crude futures for October, due to expire on Wednesday, were down $2.69, or 2.7%, at $96.62 a barrel following Tuesday's $5.78 loss. The more active November contract was down $2.70, or 2.76%, at $95.14 a barrel. U.S. West Texas Intermediate (WTI) crude futures were down 88 cents, or 1%, at $90.78, after sliding $5.37 in the previous session on recession fears. The price swings since the Ukraine conflict began six months ago have rattled hedge funds and speculators and thinned trading, which in turn has made the market whipsaw even more, as seen on Tuesday. "The latest signs of stuttering growth are contracting Chinese factory activity in August and the

Bond-The US Treasury Yields Report on August 31, 2022.

 Source.- Tanaya Macheel, Jenni Reid 2 minutes U.S. Treasury yields were little changed on Wednesday after ADP reported a slowdown in hiring for the month of August The yield on the 10-year note rose was less than 1 basis point higher at 3.117%, after beginning the month at about 2.6%. The yield on the 30-year Treasury bond was up 1 basis point to 3.231%.  Meanwhile, the yield on the 2-year Treasury note moved 2 basis points lower to 3.438 % , after it reached a near-15-year high the previous day.  Yields move inversely to prices, and a basis point is equal to 0.01%. Treasurys On Wednesday ADP's monthly payroll report showed private payrolls grew by just 132,000 for the month, compared to July's gain of 270,000. The Dow Jones estimate for the ADP count was 300,000. ADP's report had been on public hiatus through the latter part of the summer as the firm adjusted methodology. Investors also co

The US Dollar Price Report Afternoon Edition on August 31, 2022. 4-5 minutes The dollar dipped against a basket of peer currencies on Wednesday, but was on track for its third-straight monthly rise, as traders brace for more oversized interest rate hikes from the U.S. Federal Reserve. The dollar index, which measures the greenback against a basket of six currencies, was last down 0.184% at 108.56, after earlier having come within a whisker of Monday's two-decade peak of 109.48. The index is on track for a rise of over 3% in August, and its highest end-of-month closing level since May 2002. Fed officials on Tuesday reiterated their support for further rate hikes to quell inflation, with New York Fed chief John Williams telling the Wall Street Journal that it will "take some time" before interest rates would be cut. His comments followed a hawkish speech from Fed Chair Jerome Powell at the Jackson Hole central banking symposium in Wyoming la

The US National Security.- Evacuees who fled From Afghanistan Planning To Stay in US is Uncertain Published on August 31, 2022.

  Source.-  hoping to resettle Abigail Hauslohner 14-17 minutes SHËNGJIN, Albania — The 21-year-old university student did not realize it at the time, but he got on the wrong plane out of Afghanistan. How was he — or any of the other 780 Afghans approaching their first anniversary at this Albanian beach resort — to know then what they know now? What he did know last August was that amid the Taliban’s return to power and the chaos of the U.S. withdrawal from Afghanistan, an escape was an escape. An evacuation plane was an evacuation plane. A safe place was a safe place. And it still is. Certainly here, on the gentle, sun-drenched coast of the Adriatic Sea, in a tiny European nation more than 2,600 miles from home where — unlike many larger ones — the government and community, welcomed the Afghans with open arms. But a year after the valiant efforts of so many helped tens of thousan

Trump Latest News.- The U.S. Justice Department said it had evidence that classified documents were deliberately concealed from the FBI on August 31, 2022I

  Source.- U.S. Justice Dept says Trump team may have moved classified papers amid probe August 31, 20227:53 AM GMT-5Last Updated 3 hours ago 5-7 minutes WASHINGTON, Aug 30 (Reuters) - The U.S. Justice Department said it had evidence that classified documents were deliberately concealed from the FBI when it tried to retrieve them in June from former President Donald Trump's Florida estate, prompting its unprecedented search of his home. In a 54-page filing, prosecutors on Tuesday laid out their evidence of obstruction of justice, alleging publicly for the first time that Trump aides both falsely certified in June that the former president had returned all the government records he had stored in his home after leaving the White House in January 2021. It also revealed that Trump lawyers "explicitly prohibited government personnel from opening or looking inside any of

Asia Markets Closing Report on August 31, 2022.

  ASIA Source China markets drop as factory activity shrinks; Asia stocks mixed Abigail Ng 7-9 minutes China's Shenzhen Component index led losses in mixed Asia-Pacific trade on Wednesday following a negative lead from Wall Street, and as investors digest China's factory activity data. The Shenzhen Component in mainland China shed 1.295% to 11,815.79, and the Shanghai Composite in mainland China dipped 0.78% to 3,202.14. China's official manufacturing Purchasing Managers' Index for August beat expectations slightly, coming in at 49.4, official data showed. The non-manufacturing PMI was at 52.6. Major cities in China, including Dalian and Shenzhen, also tightened Covid restrictions on Tuesday. Hong Kong's Hang Seng index pared earlier losses and traded 0.11% higher in the final hour of trade, while the Hang Seng Tech index gained 0.84%. The Nikkei 225 in Japan shed 0.37% to 28,091.53

Politicts | US President Biden Wil Discuss Funding Police, His Efforts at Crime Prevention and a Bipartisan Bill to Combat Gun Violence


Wall Street Market Closing Report | August 30, 2022:

  Source:   August 30, 20223:14 PM GMT-5Last Updated 8 min ago 4-5 minutes Aug 30 (Reuters) - U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation. The benchmark S&P 500 index (.SPX) has tumbled more than 5% since Fed Chair Jerome Powell on Friday reaffirmed the central bank's determination to raise interest rates even in the face of a slowing economy. read more Labor demand showed no signs of cooling as U.S. job openings rose to 11.239 million in July and the prior month was revised sharply higher. A separate report showed consumer confidence rebounded strongly in August after three straight monthly declines. read more "They have to weaken the labor market and how are they going to do that – they are going to

Europe Markets Closing Report | August 30, 2022:

  Source:   Elliot Smith, Holly Ellyatt 6-7 minutes European markets closed lower Tuesday after giving up earlier gains following hawkish comments from an ECB official. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 *FTSE 7361.63 -65.68 -0.88 1120430665 .GDAXI DAX *DAX 12961.14 68.15 0.53 62479325 .FCHI CAC 40 Index CAC 6210.22 -12.06 -0.19 65574559 The pan-European Stoxx 600 closed down by 0.7% provisionally, having initially climbed about 0.8% in early trade Basic resources stocks slumped 3% to lead the losses

SEC Press Release | SEC Charges An Advisory Firm and Executives For Devising and Elaborate Fraud Scheme towards Clients | August 29, 2022:

Source: 3 minutes Washington D.C., Aug. 30, 2022 — The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. According to the SEC’s complaint, from July 2017 through 2018, Lindberg and Herwig, through Standard Advisory, breached their fiduciary duties to their advisory clients by fraudulently causing them to engage in undisclosed related-party transactions that were not in the best interest of their clients. The SEC’s complaint further alleges that the defendants misappropriated more than $57 million in client funds and that Standard Advisory collected more than $21.4 million in

Oil Price Report (Afternoon Edition) | August 30, 2022:

  Source: 3-4 minutes Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation's crude exports. Brent crude futures for October settlement declined 5.5% to end the day at $99.31 per barrel. U.S. West Texas Intermediate crude declined $5.37, or 5.5%, to settle at $91.64 per barrel. Inflation is near double-digit territory in many of the world's biggest economies. This could prompt central banks in the United States and Europe to resort to more aggressive interest rate increases, which could slow economic growth and weigh on fuel demand. The European Central Bank should include a 75 basis-point interest rate hike among its options for the September policy meeting given exceptionally high inflation, Estonian policymaker Madis Muller

Gold Price Report | (Afternoon Edition) | August 29, 2022:

 Source: 2-3 minutes Gold jewelry is seen with the carving of a tiger in Thailand. Gold prices inched up in early Asian hours on Tuesday, as the dollar eased off a 20-year high, offsetting pressure from expectations of the U.S. Federal Reserve keeping interest rates higher for longer to combat inflation. Adisorn Chabsungnoen | Lightrocket | Getty Images Gold prices fell on Tuesday as investors positioned for a period of high interest rates in the United States and elsewhere. Spot gold fell 0.4% to $1,730.99 per ounce by 10:00 a.m. ET (1400 GMT) after hitting a one-month low of $1,719.56 on Monday. U.S. gold futures eased 0.5% to $1,741.70. There is continued pressure on gold from (Federal Reserve Chair) Powell's last week comments that raised expectation of a more aggressive Fed. Gold being a non-interest bearing asset will have more competition," said David Meger, director of metals tradin

Bonds | US treasury Yields (Afternoon Edition) | August 30, 2022:

 Source: Tanaya Macheel, Jenni Reid 2 minutes U.S. Treasury yields rose on Tuesday after the 2-year rate hit its highest level since November 2007 .  The yield on the short-term 2-year Treasury note rose as high as 3.497%, its highest level in 14 years. It was last trading up about 4 basis points at 3.466%. The yield on the benchmark 10-year Treasury note was unchanged at 3.11%. The yield on the 30-year Treasury bond dipped 2 basis points to 3.221%.  Yields move inversely to prices, and a basis point is equal to 0.01%. Treasurys On Tuesday European Central Bank policymaker and Estonian central bank Governor Madis Muller said the central bank should discuss a 75-basis-point rate hike in September given exceptionally high inflation. Markets are still processing a Friday speech by U.S. Federal Reserve Chair Jerome Powell , in which he said the central bank would continue raising interest rates at a level

The US Dollar Price Report (Afternoon Edition) | August 30, 2022:

 Source: 4 minutes The dollar rose on Tuesday, but was below the 20-year high it hit a day earlier, while the euro edged higher but failed to remain above parity, as markets priced in super-sized interest rate hikes by both the U.S. Federal Reserve and the European Central Bank (ECB). The dollar index was down 0.04% at 108.79 after touching 109.48 on Monday, its highest level since September 2002. The greenback has been supported by aggressive rate hikes by the Fed in an effort to reel in decades-high inflation. Some traders had bet the Fed would pivot to a more accommodative stance early in 2023, but those expectations were dashed on Friday when Chairman Jerome Powell said at the Jackson Hole conference in Wyoming that the central bank would raise rates and keep them high for some time. "The dust is finally settling now post-Jackson Hole, and the question for markets is, what's going to cha

Inflation Money Tips | August 29, 2022:

Source:  Andrew Lisa 4-5 minutes Stretch your dollars while you wait for prices to fall. CiydemImages / pan_kung / Write It Down and Visualize It’s hard to imagine that there’s a personal finance expert on Earth who advises against creating a budget and a household spending plan, but they usually say to pick the app or software that works best for you.  At least one expert, however, wants you to do it the old-fashioned way. “My biggest piece of advice for individuals looking to gain a strong financial footing in this uncertain economic environment is to write everything down,” said Lisa Fischer, chief growth and lending officer of the fintech company Mission Lane . “Whether it’s scribbling in a notebook or typing out an organiz