“It is a welcome relief that things are less bad than feared as pricing is positive and volumes are not a disaster,” Mark Taylor, a sales trader at Mirabaud Securities wrote about Unilever’s report.
European stocks broke this week’s winning run on Wednesday after the United States abruptly told China to close its consulate in Houston amid accusations of spying, escalating tensions between the world’s two biggest economies. “While we continue to watch how the situation evolves, and expect China to announce its official retaliation measures soon, we lean towards a restrained tension escalation,” Citi analysts wrote in a note.
The STOXX 600 is on track to end with weekly gains as hopes of a COVID-19 vaccine and optimism around a European Union recovery fund pushed the benchmark index to early March highs. Publicis Groupe SA , the world’s third-biggest advertising company, surged 15.5% after it beat market expectations for underlying sales in the second quarter.
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Stock futures hold steady, Microsoft sheds 2.6% after reporting earningsFutures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Wednesday evening. Stocks on track for their best year performance. Who would have thought a recession with 17M on active unemployment, 140k people dead and record declines in earnings. Free market capitalism was great until the FED came in and played politics. Now it’s just a Ponzi scheme. Any of the fangman etc stocks beaten estimates yet? Netflix tanks on results then the market forgets about earnings a Day later 🤷♂️
La source: CNBC - 🏆 12. / 72 Lire la suite »
Avoid airline stocks, trader says ahead of United Airlines' earnings reportAirline stocks might not be the best bet right now with uncertainty still looming in the industry, says Todd Gordon, managing director at Ascent Wealth Partners. TradingNation Not for the long term. FastMoney TradingNation Kinda wanna do the opposite. I may have a problem. TradingNation To many mask mandates to fly as soon as they remove that and have it say MASK OPTIONAL YOUR CHOICE!!! End game!!
La source: CNBC - 🏆 12. / 72 Lire la suite »
Stock futures flat ahead of major technology earningsThe Dow Jones Industrial Average gained 150 points on Tuesday.
La source: CNBC - 🏆 12. / 72 Lire la suite »
European stocks and U.S. futures fall as Trump warns pandemic will ‘get worse before it gets better’European stocks and U.S. futures slipped lower on Wednesday after President Trump warned the pandemic would “get worse before it gets better.”
La source: MarketWatch - 🏆 3. / 97 Lire la suite »