weekly review and outlook By Investing.com

1 month ago Investing.com

“Russia believes the price cap mechanism for selling Russian oil and oil products interferes with market relations,” Novak said. Demand-wise as well, Russian energy has pretty much only two buyers now: India and China. “So, India and China, besides their own consumption, need to find end-markets for the Russian oil they are buying as well. Yes, the rock-bottom Russian crude prices have been great for the profits of Indian and Chinese refiners. Natural gas: Price OutlookNatural gas’ RSI and Stochastics lack signs of an end to its bearish correction despite prevailing oversold conditions, said Dixit of SKCharting.
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Nasdaq futures slide 1% as Snap's ad warning spurs social media selloff By Reuters

Other companies that rely heavily on ad revenue including Alphabet (NASDAQ: ) Inc, Twitter Inc (NYSE: ), Meta Platforms Inc and Pinterest (NYSE: ) Inc fell between 1.9% and 8%. Shares of Microsoft Corp (NASDAQ: ), Apple Inc (NASDAQ: ), Amazon.com Inc (NASDAQ: ) and Tesla (NASDAQ: ) Inc were all down about 1% each. ET, were down 180 points, or 0.59%, were down 24.5 points, or 0.67%, and were down 114.5 points, or 1.03%. Thanks to the earnings-driven gains from earlier this week, all the three main indexes are set for their best week in six. American Express (NYSE: ) said its third-quarter profit had modestly improved, however shares of the company were down 5.2%.

5 months ago Investing.com

New PM Rishi Sunak pledges to lead Britain out of economic crisis By Reuters

New leader of the Britain's Conservative Party Rishi Sunak walks outside the Conservative Campaign Headquarters, in London, Britain October 24, 2022. Sunak quickly reappointed Jeremy Hunt as his finance minister in a move designed to calm markets that had balked at his predecessor's debt-fuelled economic plans. The new prime minister also restored Dominic Raab to the post of deputy prime minister, a role he lost in Truss's 44 days in office, but reappointed James Cleverly as foreign minister and Ben Wallace at defence. Sunak, who ran the Treasury during the COVID-19 pandemic, promised to put economic stability and confidence at the heart of the agenda. Sunak, a Hindu, also becomes Britain's first prime minister of Indian origin.

4 months ago Investing.com

N.Korea likely to conduct nuclear test: US

Washington, Oct 25 (IANS) North Korea is believed to be "continuing preparations" for a nuclear test while the US is set to face any threat posed by the "recalcitrant" country, a state department spokesperson said Monday. "Our concern regarding the potential for another North Korean nuclear test, which would be its seventh, has been consistent for some time now. John Kirby, spokesperson for the White House National Security Council (NSC), expressed concerns over North Korea's recent provocations, while highlighting the possibility of a potential nuclear test. "We have been consistently concerned about North Korean provocations. "We have said that the North Koreans could conduct the nuclear test at any time.

4 months ago Investing.com

Dollar rises after recent sell-off, yen climbs By Reuters

FILE PHOTO: U.S. dollar and Euro bank notes are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. Meanwhile, the yen gained some footing ahead of Friday's policy decision by the Bank of Japan, rising to 145.11 per dollar, its highest since Oct. 21. The dollar has fallen sharply in recent days as investors have cheered signs that the U.S. Federal Reserve is considering slowing down its aggressive rate hikes in December. Markets are still expecting another 75 bps rate hike from the Fed next week, although many investors expect a smaller increase in December. The dollar slipped 0.18% to $0.6483, as a red-hot inflation print stoked pressure for more aggressive rate hikes by the Reserve Bank of Australia.

4 months ago Investing.com

Meta Reality Check, U.S. GDP, ECB Rate Hike - What's Moving Markets

The U.S. will report third quarter GDP figures which are almost certain to be highly misleading, while jobless claims and durable goods orders are also due. Stocks are set to open mixed, with more bumper earnings from the oil and gas sector overnight supporting value over growth. The European Central Bank is set to raise its key rate by 75 basis points again. And oil prices rise amid reports that the G7 is close to giving up on its plans to cap the price of Russian oil. Beware the Q3 GDP reportThe U.S. will report first estimates for third quarter , a release that may send some confusing signals.

4 months ago Investing.com

Alibaba: Buying Opportunity In Sight

NDX -2.26% Add to/Remove from Watchlist UK100 -0.12% Add to/Remove from Watchlist US500 -0.74% Add to/Remove from Watchlist DE30 -0.73% Add to/Remove from Watchlist ES35 -0.58% Add to/Remove from Watchlist IT40 -0.78% Add to/Remove from Watchlist GOOGL -9.14% Add to/Remove from Watchlist CRDI -0.62% Add to/Remove from Watchlist IT40 -0.82% Add to/Remove from Watchlist NG -1.54% Add to/Remove from Watchlist GOOG -9.63% Add to/Remove from Watchlist JD +8.66% Add to/Remove from Watchlist BABA +8.37% Add to/Remove from WatchlistEU and US futures are stabilizing slightly below the recent highs. As a result, the financial institution has predicted that global growth will slow from 3% to 2% next year. "We expect the cumulative effects of Fed rate hikes to push the economy into recession by the second half of 2023,'"Citi said. Looking at Wall Street's current Fed policy assumptions, the market is assessing the likelihood of interest rates exceeding Citi's current baseline scenario. Alibaba (NYSE: ) and JD (NASDAQ: ).com: Market crash in China with two tech stocks hit hard.

4 months ago Investing.com

5 Stocks To Buy Now According To The Piotroski Score

It was created in 2002 by Joseph Piotroski with the objective of rating companies from a fundamental analysis (FA) perspective. For each criterion the company meets, a point is assigned to its score, making nine the highest possible score. The method recommends only buying shares of companies with a score of seven or higher. Based on the Piotroski Score method and the InvestingPro tool, let's look at five companies flashing buy signals right now. AgenusPiotroski Score: 8Agenus (NASDAQ: ) is a clinical company that studies and develops immuno-oncology products in the United States and internationally.

4 months ago Investing.com

TCS: A Major Beneficiary of Increasing Digital Spending by Corporates

U.K. is also a large market for TCS, contributing alone 16% of its overall revenue. Our operating margin expanded sequentially to 24% and our net margin expanded to 18.9%. TCS is a key beneficiary of higher tech/digital transformation spending on growth & transformation (G&T) initiatives. For TCS, the operating margin should improve in H2FY23 amid the normalization of salary hikes, moderation in attrition, and better pricing. Overall, TCS is a major beneficiary of global inflation/macro headwinds as companies are now embarking on cost-cutting/optimization by adopting greater automation and digital and cloud adaption.

4 months ago Investing.com

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