Share: S&P 500 gained 0.48% last week on account of Friday’s furious rally. Friday’s Nonfarm Payrolls report for September led to 1.2% gain for index. S&P 500 futures dropped 0.75% in Monday’s premarket. Oil (WTI) rises 3.8% on Monday to $86/barrel. Pepsico, JPMorgan, Citigroup, Domino’s Pizza and Delta Airlines report earnings this week.
Share: EUR/USD risk extra losses below 1.0630, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: We expected EUR to consolidate in a range of 1.0645/1.0695 yesterday. EUR then traded in a range of 1.0653/1.0698 before closing at 1.0690 (+0.33%). The underlying tone has firmed
Share: Fitch Ratings analyst told CNBC on Tuesday that the agency could downgrade several big lenders, including JPMorgan, as reported by Reuters. The financial-heavy Dow Jones Industrial Average opened in negative territory following this headline and was last seen losing 0.6% on a daily basis. Reflecting the poor performance of bank stocks, the
Share: The Federal Reserve (Fed) released the July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) that “addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2023.” The survey
