North American Morning Briefing: Sentiment Hit by Geopolitical Tensions, Rate Hike Fears

1 month ago Morningstar

Shares rose 10% in after-hours trading. Shares rose 1.8% in premarket trading. The composite PMI rose to 53.0 in February from 48.5 in January, above the 49.0 reading expected in a WSJ survey of analysts. The services PMI rose to 53.0 in February from 50.8 in January but the manufacturing PMI fell to 48.5 from 48.8. Analysts in a WSJ survey had expected manufacturing PMI at 49.2 and services PMI at 50.9.
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Londongrad No More? UK Property Comes Clean

Today, the London property market – which is much more lightly regulated than the City of London – has had to get full square behind the UK sanctions regime. Are Russian buyers sorely missed in London – and has anyone replaced them? To answer these questions, I asked a property buying agent, Henry Pryor, who knows the high-end London property market inside out. It's hard to quantify how much of the London property market relied on Russian buyers and sellers in previous years. Even Russian buyers that aren't on the UK sanctions list trigger suspicion.

1 month ago Morningstar

Romance scams are on the rise. How to protect your heart — and wallet.

By Mike Steinbach3 tips to prevent being scammedThis Valentine's Day, many older Americans will search for love online. And while dating sites like Match and eHarmony can be great platforms for finding a genuine connection, older adults should be aware of the potential for romance scams online. Romance scams are a growing threat: American victims of all ages reported losing nearly $1 billion in 2021 alone, according to the FBI. Here's one final -- and important -- piece of advice: don't let romance scammers scare you away from finding love online. When dating online, watch out for red flags and always protect your personal information.

1 month ago Morningstar

Oil prices climb after Russia announces production cut of 500,000 barrels per day in March

"To be clear, Russia has been able to sell every barrel it produces, but is annoyed by hefty discounts everyone is asking." "By cutting back volumes, Russia wants to signal that it would rather forego volume than reduce its price," he said. The European Union banned imports of seaborne Russian oil and oil products and, together with the Group of Seven, adopted price caps for seaborne Russian oil and oil products. Western governments have largely banded together to punish Russia for its invasion of Ukraine nearly a year ago. Oil prices have seen an impressive run of gains recently that halted on Thursday.

1 month ago Morningstar

Disney stock jumps as Iger plans 7,000 job cuts in return to earnings stage

Additionally, Iger said Disney has asked the company's board to reinstate the dividend by the end of the calendar year. After adjusting for restructuring charges, amortization and other effects, Disney reported earnings of 99 cents a share, up from 63 cents a share a year ago. Analysts surveyed by FactSet had on average expected adjusted earnings of 78 cents a share on revenue of $23.44 billion. Disney's television networks generated sales of $7.29 billion, while analysts' average estimates called for $7.4 billion. The company's iconic theme parks and product sales business increased to $8.74 billion in revenue from $7.23 billion a year ago.

1 month ago Morningstar

Gabbard, Kucinich, ranked-voting backers aim to disrupt two-party system at Independent National Convention

In fact, it's just these two-party limitations that coordinating officials at the Independent National Union say will dominate the discourse in Austin. In fact, final five combines a top-five primary with a ranked-choice general election. In final five voting, there is a single-ballot primary in which the top-five candidates advance to the general election, regardless of party affiliation. Next, there's an instant-runoff general election, presented to voters in a grid-style, ranked-choice ballot, where voters pick their favorite candidate. Other subsets of ranked voting, alongside final five, include star voting and approval voting.

1 month ago Morningstar

Biden to end U.S. COVID emergencies on May 11, but more than 500 people are still dying every day

The emergencies, which have been repeatedly extended by Biden since he took office in January 2021, were set to expire in the coming months. Biden's announcement to Congress came in a statement opposing resolutions being brought to the floor this week by House Republicans to end the emergency with immediate effect. Republicans have refused for months to meet Biden's request for billions of dollars to extend COVID vaccines and testing. That's despite the fact that more than 500 people in the U.S. still die of COVID every day. The company said revenue for the company's COVID vaccine Comirnaty is expected to drop 64% and revenue for its COVID treatment Paxlovid is expected to fall 58%.

1 month ago Morningstar

Oil turns lower ahead of OPEC+ committee meeting, EU ban on Russian oil products

Oil prices were on track to post losses for the week, but that's after posting two consecutive weeks of gains. The OPEC+ Joint Ministerial Monitoring Committee (JMMC), which reviews the oil market and has no ability to make official production policy decisions, will meet on Feb. 1. "OPEC could keep its production lower for long beyond its June 4th meeting or implement further cuts." Traders will also weigh the impact of the EU ban on imports of Russian oil products, and an expected price cap on Russia oil products on Feb. 5. The proposed caps "wouldn't be restrictive for diesel or gasoline sales at current market prices."

1 month ago Morningstar

Stocks slide on Fed rate hike fears, Ukraine tensions - Al Jazeera

United States stocks opened lower on Monday as investors who are already rattled by fears that the US Federal Reserve could hike interest

2 months ago www.aljazeera.com

U.S. Fed rate hike roils North American markets

North American stock markets were up slightly before the U.S. Federal Reserve announced that it would hike interest rates by 75 basis points

5 months ago biv.com

U.S. stocks close lower for fifth straight session as rate-hike fears

U.S. stocks close lower for fifth straight session as rate-hike fears, weak bank earnings bite - MarketWatch.

1 month ago www.marketwatch.com

China courts Vietnam amid rising geopolitical tensions

China courts Vietnam amid rising geopolitical tensions · What's happened? · Why does it matter? · The timing of the meeting, however, also sends a

1 month ago country.eiu.com

North American stock markets surge after Fed says even larger rate

North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years

5 months ago www.ctvnews.ca

Rupee dips as Fed rate hike bets, risk aversion prop dollar

MUMBAI — The Indian rupee traded a bit weaker on Tuesday, as geopolitical tensions and expectations of large interest rate hikes by the U.S.

5 months ago financialpost.com

Fed Rate Hike – How to Find Out the Interest Rate Sentiment

Below you will find the most recent Fed rate hike odds chart. The target probability is for a rate hike on the upcoming June FOMC meeting. You

5 months ago tradeproacademy.com

Rate Hike Fears Are Unwarranted - Economics21

Yet the history of Fed rate hikes during prior economic expansions suggest that such fears are unwarranted, and the current 5 ½ year old

3 months ago economics21.org

EV battery production faces supply chain, geopolitical headwinds

Oct 31 (Reuters) - A fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle (EV) battery

3 months ago www.reuters.com

INDIA RUPEE-Rupee dips as Fed rate hike bets, risk aversion prop

The Indian rupee traded a bit weaker on Tuesday, as geopolitical tensions and expectations of large interest rate hikes by the U.S. Federal

5 months ago www.reuters.com

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