2021-01-18 06:45:02 06:45 01/18/21 01/1806:45 01/18/2106:45 | FX Update: The DXY dollar index has posted a one-month highFX Update: The DXY dollar index has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Chinese equities have been the exception, with the CSI 300 showing over a 1% gain in the late afternoon session having rebounded out of early declines following strong growth data. China Q4 GDP rose 6.5% y/y, beating the median forecast for 6.1%, with full-year growth coming in at 2.3%, which is impressive given all other major economies contracted. Equity markets in Asia outside of China failed to catch a coattail, with the main indices in Japan, South Korea and Australia, for instance, all racking up fairly hefty declines. Stock markets around the world have lost the 'great reflation trade' spirit that had been so strong in November and December. Various factors seem to account for this. One is that the winter surge in Covid across the densely populated northern hemisphere has been perhaps worse than many had been anticipating, leading to tight societal restrictions across major economic areas, albeit not as severe as seen during the 'mother lockdowns' seen in the first wave. New variants in the SARS-Cov2 coronavirus has been a further concern, given the risk they could render current vaccinations less effective or even ineffective (a better understanding about this should emerge over the coming weeks). This has come asset valuations at lofty levels, ranging from the record highs in U.S. indices to the nine-year highs in iron ore prices, and with investors relatively low on spare cash. In the mix was an apparent sell-the-fact type of reaction after U.S. president-elect Biden last Thursday confirmed a $1.9 tln fiscal spending package. The transition of political power in the U.S. this Friday is also being viewed as something of a risk event, given the threat of violent protests. The cautious sentiment looks likely to persist for now. |
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Childrens Place put volume heavy and directionally bearish »
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PLCE
Children's Place
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H World Group initiated with bullish view at Macquarie »
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H World Group
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Amplify Energy rises 5.1% »
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Amplify Energy
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Cohen & Steers rises 7.5% »
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CNS
Cohen & Steers
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Metropolitan Bank rises 12.4% »
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Metropolitan Bank
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NL Industries falls -6.0% »
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NL
NL Industries
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Here's What You Missed in Crypto This Week »
09:56
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GREE
Greenidge Generation
Bitcoin
Bitcoin
Bitcoin
XRP
Litecoin
Ethereum
Dogecoin
Riot Platforms
Bitcoin Depot
Coinbase
Bitdeer
Bit Digital
Core Scientific
Marathon Digital
MicroStrategy
Stronghold Digital Mining
TeraWulf
As bitcoin, ethereum and… |
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Early notable gainers among liquid option names on April 19th »
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FITB
Fifth Third
American Express
J.B. Hunt
Bank of America
HCA Healthcare
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Piper Sandler chief investment strategist holds analyst/industry conference call »
09:55
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AAPL
Apple
Microsoft
Alphabet
Nvidia
Amazon.com
Meta Platforms
Tesla
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TotalEnergies Marketing USA, OK Petroleum enter strategic partnership »
09:49
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TTE
TotalEnergies
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DOE Secretary vows to shut down Grand Canyon University, Fox News reports »
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LOPE
Grand Canyon
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BWX Technologies to invest C$80M in expansion of Cambridge plant »
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BWXT
BWX Technologies
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Lifezone Metals rises 4.4% »
09:47
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LZM
Lifezone Metals
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Rush Street Interactive rises 4.7% »
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RSI
Rush Street Interactive
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Cohen & Steers rises 11.8% »
09:47
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04/19
09:47
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CNS
Cohen & Steers
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Cantor biotech/biopharma analysts hold analyst/industry conference call »
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Procter & Gamble expects oil, diesel, pulp costs to impact Q4
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PG
Procter & Gamble
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Unusually active option classes on open April 19th »
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SID
CSN
Lumen
TechnipFMC
American Express
Polestar Automotive
Procter & Gamble
SLB
United Airlines
Roku
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Banner Corp. price target lowered by $3 at DA Davidson, here's why »
09:40
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04/19
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BANR
Banner Corp.
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Supermicro didn't provide positive preannouncement, says Wells Fargo »
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SMCI
Supermicro
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