News Formal

Premarket: Stocks shift focus to earnings, FX markets on Japan intervention watch

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 92%

Newsletter News

Marketupdate,Tsx,Stocks

U.S. earnings kick off with big banks JPMorgan Chase, Wells Fargo and Citigroup

Upbeat earnings and U.S. rate cut hopes helped boost the mood in equity markets on Friday, although skittishness prevailed in forex markets a day after Tokyo was believed to have stepped in to prop up a weak yen.

“The CPI is good news and obviously, equities to some degree, like it, but we’re seeing other indicators suggest perhaps that things are softening in the U.S.,” said James Rossiter, head of global macro strategy at TD Securities. Japan’s top currency diplomat said authorities would take action as needed in the foreign exchange market.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent, while Japan’s Nikkei fell more than 2 per cent, dragged down by tech stocks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock bullish on U.K. stocks after elections, Japan stocks are top playBlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic dataEuropean stocks steady ahead of inflation data, yen near 38-year low
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks mixed after Nvidia tumbles again as AI mania coolsU.S. futures muted ahead of Tuesday trading
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks cling to gains, yen on intervention watchFed’s favoured inflation index looms large this week
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks steady amid investor confidence on U.S. rate cutsPound treads cautiously ahead of BoE meeting
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks boosted by Nvidia rallyU.S. markets are closed on Wednesday, which will likely result in muted trading throughout the day
Source: globeandmail - 🏆 5. / 92 Read more »