HSBC has lifted its year-end S&P 500 forecast to 6,500 from 6,400, its second upgrade in less than a month, citing stronger-than-expected second-quarter earnings and only a modest drag from tariffs. “We revise our S&P 500 year-end target to 6500 after incorporating better-than-expected Q2 results” The new target implies about 1.3% upside from the index’s … Read more
Nasdaq is moving to tighten its listing requirements, proposing new minimum thresholds for companies seeking to join the exchange. Under the plan, new listings would be required to have a public float of at least $15 million, while Chinese companies would face a higher bar with a minimum offering size of $25 million. Nasdaq also … Read more
Rising Japanese government bond yields are poised to reshape global currency and rate markets next year, according to a note from RBC. Japanese yields now offering compelling returns means domestic investors are increasingly likely to keep money at home rather than chase higher returns abroad For the first time since 2020, Japanese investors will have … Read more
A snippet from MUFG, analysts at the bank argue that if PM Ishiba is forced out a fresh leader could spurge on spending. There is renewed speculation that Prime Minister Shigeru Ishiba could step down following his party’s loss of a majority in July’s upper house elections. MUFG: political uncertainty could accelerate yen selling markets … Read more
The numbers via oilprice.com — Expectations I had seen centred on: Headline crude -2mn barrels Distillates -0.6mn bbls Gasoline -1.1mn This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companies The official report is due Wednesday morning US time. The two reports … Read more
The thing about the US being on a path to bankruptcy is that every time there is a climb in Treasury yields, the investing world holds is breath. In addition, the politicization of the Fed threatens to unhinge long-term inflation expectations and drive up the term premium. Thankfully, this week isn’t the reckoning. After UK … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
Oil sank earlier today after a Reuters report said OPEC+ was considering a fresh output hike this weekend. Later, a report from Bloomberg said OPEC had pumped an additional 400k bdp in August, which is in line with the planned production hike. In the past few minutes though, oil prices have bounced in a big … Read more
One of the quieter but powerful signals in the equity market is the Market-on-Close (MOC) order imbalance. This is where institutions such as mutual funds, ETFs, and hedge funds place orders to buy or sell stocks at the official closing price. Exchanges begin releasing imbalance data 15 minutes before the close, showing whether more dollars … Read more
