Stocks, U.S. futures mixed ahead of earnings, Fed - BNN Bloomberg

European energy and mining stocks rallied with oil and metals, while retailers and banks fell. UBS Group AG dropped more than 5 per cent after reporting weaker-than-expected profit, while Walmart Inc. tumbled in US premarket trading on its surprise warning and Alibaba Group Holding Ltd. jumped amid plans to seek a primary listing in Hong Kong.

Traders are braced for a widely expected 75 basis points Fed rate rise on Wednesday, part of campaign to tackle inflation, as well as corporate reports from the likes of Apple Inc. and Alphabet Inc. They’re also assessing risks including ongoing disruptions to European gas supplies from Russia and China’s COVID curbs and property woes.

Commodities prices are surging as signs of tightness outweigh economic concerns. European natural gas rose to the highest level in more than four months, while crude and copper jumped. Energy ministers from the European Union’s 27 member states are meeting in Brussels to wrangle over backing a proposal from the European Commission to regulate consumption.

“This is most likely a bear market rally and there are significant risks still facing this market,” she said on Bloomberg Television. “We’re probably going to be seeing a lot of choppiness and potentially some further declines in the market before the year end.”Alphabet, Apple, Amazon, Microsoft, Meta earnings due this weekIMF’s world economic outlook update, TuesdayAustralia CPI, Wednesday

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian stocks higher ahead of possible U.S. rate hikeAsian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. yupp been telling everyone i know to invest in the Asian market for months now.
Source: CTVNews - 🏆 1. / 99 Read more »

‘Crypto winter’ chills valuations for these 10 Canadian-listed stocksWe are looking at valuations for Canadian-listed crypto- or blockchain-related stocks for a sense of how this so-called hedge is performing
Source: globeandmail - 🏆 5. / 92 Read more »

Why bonds might be more important than stocksTo demystify the world of bonds, The Globe’s feature writer Ian Brown is here. He speaks to us about how bonds work, how they play into today’s economy and why the foundation they’re built on may be cracking
Source: globeandmail - 🏆 5. / 92 Read more »

Six bargain dividend stocks for investors to play a market reboundThree dividend fund managers give their top picks for stocks to buy on sale amid the market downturn
Source: globeandmail - 🏆 5. / 92 Read more »