Pompeo says the US message on Huawei is clear. Trump’s words say otherwise

U.S. Secretary of State Mike Pompeo said this week the U.S. has been very clear about its stance toward Chinese telecommunications giant Huawei. “No mixed messages, not at all,” Pompeo told CNBC earlier this week. “The threat of having Chinese telecom systems inside of American networks or inside of networks around the world presents an enormous risk — a national security risk. Our mission set is to find a way to reduce that risk, to take that risk down as much as we possibly can,” he said. The


U.S. Secretary of State Mike Pompeo said this week the U.S. has been very clear about its stance toward Chinese telecommunications giant Huawei. “No mixed messages, not at all,” Pompeo told CNBC earlier this week. “The threat of having Chinese telecom systems inside of American networks or inside of networks around the world presents an enormous risk — a national security risk. Our mission set is to find a way to reduce that risk, to take that risk down as much as we possibly can,” he said. The
Pompeo says the US message on Huawei is clear. Trump’s words say otherwise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: arjun kharpal
Keywords: news, cnbc, companies, words, trumps, huawei, clear, week, mixed, inside, message, networks, say, chinese, way, world, pompeo, equipment, risk


Pompeo says the US message on Huawei is clear. Trump's words say otherwise

U.S. Secretary of State Mike Pompeo said this week the U.S. has been very clear about its stance toward Chinese telecommunications giant Huawei.

“No mixed messages, not at all,” Pompeo told CNBC earlier this week. “President Trump has been unambiguous. I don’t think there’s a mixed message at all.”

“The threat of having Chinese telecom systems inside of American networks or inside of networks around the world presents an enormous risk — a national security risk. Our mission set is to find a way to reduce that risk, to take that risk down as much as we possibly can,” he said.

The U.S. has said Huawei is a risk because its equipment could be used as a backdoor by the Chinese government to carry out espionage — allegations the network equipment maker has consistently denied.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: arjun kharpal
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‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more


Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more
‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, sell, market, yield, warns, inversion, inverted, mixed, stock, recession, wednesdays, signals, cramer, uninverted, stocks, trap


'Everything seems like a trap now' — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday.

Cramer was skeptical about buying the Dow Jones Industrial Average’s 300-point advance at the open on Wall Street, which was playing out against the backdrop of continuing bond yield stabilization.

“Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. What happens if we get inverted again?”

Last Wednesday, stocks tanked after the 10-year Treasury yield briefly inverted and dipped below the 2-year for the first time since before the 2008 financial crisis and subsequent Great Recession.

Such a move preceded every recession over the past 50 years.

“The idea that we uninverted the yield curve is something that lasts for, who knows, like an hour,” the “Mad Money” host said, facetiously, arguing against reading too much into the inversion theory.

Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. For a true inversion, he argued, the spread would need to have been much larger. President Donald Trump said he does not see a recession on the horizon.

If the Dow were to hold on to its early gains by Monday’s close, it would erase all of Wednesday’s 800-point sell-off, the worst single-session of the year.

Cramer said he understands why investors might be suspicious of the economy, given the track record of inversions as recession indicators and the concerns about global economic growth due to the U.S.-China trade war.

Cramer said he hears more doom and gloom in the media than he does from companies. “I do feel like things are worse when I listen to people talk, than reality,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
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Asia stocks mixed as investors watch US Treasury yields

Stocks in Asia were mixed on Friday as investors watched yields on longer duration U.S. Treasurys as well as for developments on the U.S.-China trade front. US bonds watchInvestors watched for movements in the bond market, particularly in U.S. Treasurys. The yield on the 30-year Treasury bond declined to a record low on Thursday, while the yield on the benchmark 10-year Treasury note touched a three-year low. The yield on the 30-year Treasury bond was last at 2.0078%, while the rate on the 10-ye


Stocks in Asia were mixed on Friday as investors watched yields on longer duration U.S. Treasurys as well as for developments on the U.S.-China trade front. US bonds watchInvestors watched for movements in the bond market, particularly in U.S. Treasurys. The yield on the 30-year Treasury bond declined to a record low on Thursday, while the yield on the benchmark 10-year Treasury note touched a three-year low. The yield on the 30-year Treasury bond was last at 2.0078%, while the rate on the 10-ye
Asia stocks mixed as investors watch US Treasury yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: eustance huang
Keywords: news, cnbc, companies, investors, indicator, dollar, treasury, asia, trade, watch, watched, china, bond, yields, market, stocks, mixed, recession, yuan


Asia stocks mixed as investors watch US Treasury yields

Stocks in Asia were mixed on Friday as investors watched yields on longer duration U.S. Treasurys as well as for developments on the U.S.-China trade front. Mainland Chinese stocks advanced on the day, with the Shanghai composite up 0.29% to 2,823.82 and the Shenzhen component gaining 0.57% to 9,060.92. The Shenzhen composite rose 0.554% to 1,525.48. Hong Kong’s Hang Seng index added 0.85%, as of its final hour of trading. Hong Kong-listed shares of Ping An Insurance Group jumped 2.52% after the company announced its strongest first half profit growth in a over a decade on Thursday. In Japan, the Nikkei 225 recovered from an earlier slip to finish its trading day fractionally higher at 20,418.81, while the Topix index closed 0.1% higher at 1,485.29. Meanwhile, South Korea’s Kospi slipped 0.58% to close at 1,927.17 following its return from a holiday. Shares of chipmaker SK Hynix fell 0.65% and LG Chem shed 1.08%. Australia’s S&P/ASX 200 ended its trading day just below the flatline at 6,405.50. Overall, the MSCI Asia ex-Japan index added 0.38%.

US bonds watch

Investors watched for movements in the bond market, particularly in U.S. Treasurys. The yield on the 30-year Treasury bond declined to a record low on Thursday, while the yield on the benchmark 10-year Treasury note touched a three-year low. The yield on the 30-year Treasury bond was last at 2.0078%, while the rate on the 10-year Treasury note was at 1.5521%. The historic drop in long-term U.S. bond yields came after the interest rates on the closely watched 10-year and 2-year Treasurys inverted — an bond market phenomenon that has historically been a reliable indicator of economic recessions. “I think it’s one indicator and obviously market practitioners do look at this … as an important leading indicator of potential recession but I think what’s perhaps what’s been slightly overdone by some market commentators is that recession is imminent and guaranteed, which we … absolutely do not agree with.” Roger Bacon, head of Asia Pacific investments at Citi Private Bank, told CNBC’s “Street Signs” on Friday. “I think it’s too early to conclude that it’s an automatic indicator that (a) recession is definitely happening and that a recession is imminent,” he said.

US-China trade

Meanwhile, investors also monitored developments on the U.S.-China trade front. A spokesperson from China’s foreign ministry said Thursday that Beijing hopes the “U.S. side will meet China half-way ” on trade issues. That statement came after China said earlier that the U.S. tariffs “seriously violated” a consensus reached by the two countries’ presidents at the G-20 summit in June. For its part, U.S. Commerce Secretary Wilbur Ross told CNBC Wednesday that a recent delay in upcoming tariffs was “not a quid pro quo ” in trade negotiations with Beijing. “The language used by both parties oozes of continued defensiveness and antagonism,” Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, wrote in a Thursday note. “As long as this remains the case, investors will be nervous making it difficult for currencies and equities to rally,” Lien said.

Chinese yuan watch

On Friday, the People’s Bank of China set the official midpoint reference for the yuan at 7.0312 per dollar, weaker than expectations of 7.0306 against the greenback in a Reuters estimate. “The 7 (yuan per dollar) level, having been breached, they can now take it down as the trade war worsens.” David Roche, president and global strategist at Independent Strategy, told CNBC’s “Squawk Box” on Friday. “I expect the trade war to worsen and I expect the yuan to be at 7.35, 7.40 within a year,” Roche said. The onshore yuan was last at 7.0424 against the greenback, while its offshore counterpart traded at 7.0524 per dollar. The yuan has been closely watched since it depreciated past the 7 per dollar mark recently, leading the U.S. Treasury Department to designate China as a currency manipulator.

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Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: eustance huang
Keywords: news, cnbc, companies, investors, indicator, dollar, treasury, asia, trade, watch, watched, china, bond, yields, market, stocks, mixed, recession, yuan


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Gold prices firm on mixed signals on economy, trade

Gold prices edged higher on Thursday as lingering fears over a global economic downturn and lack of clarity on the U.S.-China trade front kept the safe haven comfortably above the key $1,500 per ounce handle. However, bullion’s gains were limited as investors took stock of mixed economic data from the United States, with strong U.S. retail sales offering respite to battered risk appetite. Spot gold was up 0.5% at $1,524.47 per ounce by, while U.S. gold futures rose 0.5% at $1,535.4. “But with th


Gold prices edged higher on Thursday as lingering fears over a global economic downturn and lack of clarity on the U.S.-China trade front kept the safe haven comfortably above the key $1,500 per ounce handle. However, bullion’s gains were limited as investors took stock of mixed economic data from the United States, with strong U.S. retail sales offering respite to battered risk appetite. Spot gold was up 0.5% at $1,524.47 per ounce by, while U.S. gold futures rose 0.5% at $1,535.4. “But with th
Gold prices firm on mixed signals on economy, trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15
Keywords: news, cnbc, companies, sales, prices, ounce, ghali, firm, economic, safe, signals, economy, trade, mixed, gold, fears, retail, higher


Gold prices firm on mixed signals on economy, trade

Gold prices edged higher on Thursday as lingering fears over a global economic downturn and lack of clarity on the U.S.-China trade front kept the safe haven comfortably above the key $1,500 per ounce handle.

However, bullion’s gains were limited as investors took stock of mixed economic data from the United States, with strong U.S. retail sales offering respite to battered risk appetite.

Spot gold was up 0.5% at $1,524.47 per ounce by, while U.S. gold futures rose 0.5% at $1,535.4.

At the day’s peak of $1,523.91 per ounce, gold was back to within $11 of Tuesday’s six-year high, which was followed by a 1% jump on Wednesday, due to fears of a recession as investors fretted over the trade war, unrest in Hong Kong and a slide in emerging-market assets.

“But with the U.S. retail sales data coming out as strong as they did, that’s seeing some market participants rethink their bets,” said Daniel Ghali, commodity strategist at TD Securities.

However, the elevated levels of safe haven interest in gold fueled by factors such as the Hong Kong unrest and fears of an Argentine debt default “is not likely to change in a single day,” Ghali added.

U.S. stocks moved higher, driven by a surge in July retail sales that soothed some nerves frayed by an inversion in the government bond yield curve, historically a reliable signal of a coming recession. 1/8MKTS/GLOB/

On the flip side, U.S. manufacturing output ended a two-month run of growth in July, while initial weekly jobless claims data was weaker than expected.

Considered a safe store of value during times of political and economic uncertainty, gold has gained more than $100 per ounce since the beginning of the month.

“Although gold prices look like they are overshooting, it has not been a good idea in the past to bet that the runaway train is going to come to a halt,” TD Securities’ Ghali said.

Investors digested conflicting signals on the trade front as well.

China’s finance ministry initially said it would take counter-measures against the latest tariffs on Chinese goods, but this was followed by a separate statement that Beijing hoped the United States would meet China halfway for a consensus.

“The overall uncertainty from the trade dispute is high and we also expect some central bank action for recession-fighting to come over the next weeks and months,” said Norbert Ruecker, head of economics and next-generation research at Julius Baer.

Elsewhere, silver was up 0.2% at $17.23 per ounce.

Platinum was down 0.5% to $836.70 an ounce and palladium rose 1.7% higher at $1,448.17 an ounce.


Company: cnbc, Activity: cnbc, Date: 2019-08-15
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Asia stocks mixed as bond markets signal recession warning

Shares in Asia were mixed Thursday afternoon as the main yield curve in U.S. Treasurys inverted, triggering fears over the state of the U.S. economy. Treasury yield curve inversionInvestors watched the bond market on Thursday, after the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate overnight, an odd bond market phenomenon that has historically been a reliable indicator of economic recessions. The yield on the 30-year Treasury bond was also sent to a new record


Shares in Asia were mixed Thursday afternoon as the main yield curve in U.S. Treasurys inverted, triggering fears over the state of the U.S. economy. Treasury yield curve inversionInvestors watched the bond market on Thursday, after the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate overnight, an odd bond market phenomenon that has historically been a reliable indicator of economic recessions. The yield on the 30-year Treasury bond was also sent to a new record
Asia stocks mixed as bond markets signal recession warning Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: eustance huang
Keywords: news, cnbc, companies, signal, curve, asia, stocks, recession, warning, bond, mixed, note, inversion, trading, rate, markets, yield, index, treasury, market


Asia stocks mixed as bond markets signal recession warning

Shares in Asia were mixed Thursday afternoon as the main yield curve in U.S. Treasurys inverted, triggering fears over the state of the U.S. economy. In mainland China, stocks rose on the day following an earlier slip. The Shanghai composite gained 0.25% to 2,815.80, while the Shenzhen component added 0.48% to 9,009.68 and the Shenzhen composite advanced 0.535% to 1,517.07. Hong Kong’s Hang Seng index also rose 0.72%, as of its final hour of trading. Elsewhere, however, stocks largely saw losses. In Japan, the Nikkei 225 fell 1.21% to close at 20,405.65, while the Topix index dropped 1.04% to end its trading day at 1,483.85. Australia’s S&P/ASX 200 tumbled 2.85% to close at 6,408.10, as data on Thursday showed the jobless rate unchanged despite employment numbers in the country soaring past expectations in July. The MSCI Asia ex-Japan index shed 0.53% overall. Markets in South Korea and India were closed on Thursday for holidays.

Treasury yield curve inversion

Investors watched the bond market on Thursday, after the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate overnight, an odd bond market phenomenon that has historically been a reliable indicator of economic recessions. The yield on the 30-year Treasury bond was also sent to a new record low on Wednesday. The yield between the 10 and 2 year Treasury note hovered around the inversion mark during the afternoon of Asian trading hours, with the yield on the 10-year Treasury note last at 1.5877%, as compared to the 2-year rate at 1.5809%. The 30 year Treasury bond also touched fresh historic lows on Thursday. “We shouldn’t ignore that this historically reliable indicator of the economy is telling us a recession may be looming. But markets have changed significantly in the last decade and yield curve inversion is not the harbinger it once was,” Kerry Craig, global market strategist at J.P. Morgan Asset Management, wrote in a note. “Yield curve inversion is flashing a warning sign – investors should check their portfolios are resilient. But it’s not a reason to panic or to lean into the sell-off,” Craig said. “The market corrections can also offer fresh opportunities to pick up equities at more reasonable valuations.”

Bank shares decline

Yuan watch

The People’s Bank of China set its official midpoint reference for the yuan at 7.0268 per dollar on Thursday, weaker than analysts’ expectations. It was the sixth consecutive session where the People’s Bank of China (PBOC) fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark. The onshore Chinese yuan last traded at 7.0249 against the greenback, while its offshore counterpart changed hands at 7.0388 per dollar.

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Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: eustance huang
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US Treasury yields mixed as recession signal nears inversion

U.S. government debt yields were mixed Wednesday morning, as global trade developments offered much-needed relief for markets gripped by political and economic uncertainty. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.6642%, just above that on the 2-year security at 1.6298%. Meanwhile, the yield on the 30-year Treasury bond was higher at around 2.1381%. It comes after the White House delayed tariffs on some Chinese imports in the pre


U.S. government debt yields were mixed Wednesday morning, as global trade developments offered much-needed relief for markets gripped by political and economic uncertainty. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.6642%, just above that on the 2-year security at 1.6298%. Meanwhile, the yield on the 30-year Treasury bond was higher at around 2.1381%. It comes after the White House delayed tariffs on some Chinese imports in the pre
US Treasury yields mixed as recession signal nears inversion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: sam meredith
Keywords: news, cnbc, companies, uncertaintyat, signal, yields, nears, shopping, tariffs, recession, trade, mixed, white, inversion, yield, treasury, trump, worlds


US Treasury yields mixed as recession signal nears inversion

U.S. government debt yields were mixed Wednesday morning, as global trade developments offered much-needed relief for markets gripped by political and economic uncertainty.

At around 03:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.6642%, just above that on the 2-year security at 1.6298%. Meanwhile, the yield on the 30-year Treasury bond was higher at around 2.1381%.

It comes after the White House delayed tariffs on some Chinese imports in the previous session, easing trade concerns between the world’s two largest economies.

President Donald Trump said Tuesday that the move was designed to avoid any potential impact on holiday shopping ahead of Christmas season. He added China would very much like to make a trade deal.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: sam meredith
Keywords: news, cnbc, companies, uncertaintyat, signal, yields, nears, shopping, tariffs, recession, trade, mixed, white, inversion, yield, treasury, trump, worlds


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Beyond Meat posts mixed quarterly results, announces secondary share offering; stock dives

Beyond Meat shares fell sharply in extended trading Monday on news the company would embark on a secondary offering of 3.25 million shares only three months after its IPO. Shares initially rose on the earnings report, then fell sharply after the stock offering was announced. Shareholders plan to sell 3 million shares, while 250,000 shares will be offered by the company itself. The maker of vegan meat products reported a fiscal second-quarter net loss of $9.4 million, or 24 cents per share, wider


Beyond Meat shares fell sharply in extended trading Monday on news the company would embark on a secondary offering of 3.25 million shares only three months after its IPO. Shares initially rose on the earnings report, then fell sharply after the stock offering was announced. Shareholders plan to sell 3 million shares, while 250,000 shares will be offered by the company itself. The maker of vegan meat products reported a fiscal second-quarter net loss of $9.4 million, or 24 cents per share, wider
Beyond Meat posts mixed quarterly results, announces secondary share offering; stock dives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: amelia lucas
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Beyond Meat posts mixed quarterly results, announces secondary share offering; stock dives

Beyond Meat shares fell sharply in extended trading Monday on news the company would embark on a secondary offering of 3.25 million shares only three months after its IPO. That report followed the release of mixed second-quarter results and a raised 2019 revenue forecast.

Shares of the company fell more than 13% in extended trading, hovering around $191 a share. The stock closed Monday up 788% since its May initial public offering. Shares initially rose on the earnings report, then fell sharply after the stock offering was announced.

Shareholders plan to sell 3 million shares, while 250,000 shares will be offered by the company itself. Based on Monday’s closing price of $222.13 per share, the offering could raise $721.9 million for Beyond and selling shareholders. Beyond will not receive any proceeds from the stock investors are selling, but it will earmark the proceeds of the stock it’s selling to expand product and supply, marketing and for general working purposes.

Executives on an earnings conference call declined to comment further on the offering. According to regulatory filings, CEO Ethan Brown plans to sell 39,130 shares, which could net him $8.7 million. CFO Mark Nelson is planning to sell 55,530 shares, potentially earning $12.3 million from the sale.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: Loss of 24 cents vs. a loss of 8 cents expected

Revenue: $67.3 million vs. $52.7 million expected

The company has seen robust demand for its products, but it will need to continue to invest to ramp up production.

The maker of vegan meat products reported a fiscal second-quarter net loss of $9.4 million, or 24 cents per share, wider than a net loss of $7.4 million, or $1.22 per share a year earlier. The loss was also wider than the 8 cents per share loss analysts surveyed by Refinitiv had expected.

Net sales rose 287% to $67.3 million, topping expectations of $52.7 million. Nelson said on the conference call that strong sales of the Beyond Burger, new restaurant partnerships and greater demand from existing customers drove revenue growth.

The company is expecting its second and third quarters to be its strongest and is forecasting higher revenue in the third quarter. With increased demand due to the start of grilling season, executives said that the company has been faring much better than previous years when it comes to supply shortages. Still, Brown said that from time to time, there could be some “very short-lived outages” on a particular product.

Beyond raised its fiscal 2019 outlook for revenue and expects to net sales for the full year to reach $240 million. Last quarter, in its first report since its May initial public offering, the company said that it was forecasting fiscal 2019 revenue of $210 million, a number that did not include sales from restaurants that were only testing the product.

“We’re being very conservative and viewing this as a floor,” Brown told analysts on a conference call in June.


Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: amelia lucas
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US stock futures mixed as investors look ahead to earnings deluge

U.S. stock index futures were mixed on Thursday morning as investors gear up for a busy day of earnings. ET, Dow futures were 52 points higher and pointed to an implied positive open of 36 points, while the S&P 500 was seen fractionally higher and the Nasdaq looked set to slide lower. Investors continue to monitor trade developments with U.S. and Chinese negotiators set to meet next week. Nasdaq stocks will be in focus Thursday after the Justice Department announced a broad antitrust review of b


U.S. stock index futures were mixed on Thursday morning as investors gear up for a busy day of earnings. ET, Dow futures were 52 points higher and pointed to an implied positive open of 36 points, while the S&P 500 was seen fractionally higher and the Nasdaq looked set to slide lower. Investors continue to monitor trade developments with U.S. and Chinese negotiators set to meet next week. Nasdaq stocks will be in focus Thursday after the Justice Department announced a broad antitrust review of b
US stock futures mixed as investors look ahead to earnings deluge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: elliot smith
Keywords: news, cnbc, companies, investors, stock, set, sp, nasdaq, et, futures, mixed, report, look, dow, points, higher, deluge, stocks, ahead, earnings


US stock futures mixed as investors look ahead to earnings deluge

U.S. stock index futures were mixed on Thursday morning as investors gear up for a busy day of earnings.

At around 2:30 a.m. ET, Dow futures were 52 points higher and pointed to an implied positive open of 36 points, while the S&P 500 was seen fractionally higher and the Nasdaq looked set to slide lower.

Both the S&P 500 and Nasdaq Composite reached all-time highs Wednesday, buoyed by a rally in chip stocks, while the Dow Jones Industrial Average closed lower following disappointing earnings from Boeing and Caterpillar.

Investors continue to monitor trade developments with U.S. and Chinese negotiators set to meet next week. However, U.S. Treasury Secretary Steven Mnuchin told CNBC on Wednesday that the two nations still have a lot of issues to work out.

Meanwhile, the European Central Bank (ECB) is set to announce its latest monetary policy decision, with traders speculating that President Mario Draghi could signal a September rate cut with a change in guidance on Thursday.

Nasdaq stocks will be in focus Thursday after the Justice Department announced a broad antitrust review of big tech companies, while Google’s parent Alphabet and Amazon are due to report earnings after the bell.

Bristol-Myers Squibb, Comcast, 3M and Dow are all due to report before the bell.

In terms of data, last week’s jobless claims figures are due at 8:30 a.m. ET, along with June’s durable goods and advance economic indicators. Second-quarter housing vacancies data is due at 10:00 a.m. while July’s Kansas City Fed survey is scheduled for 11:00 a.m.

– CNBC’s Fred Imbert contributed to this report

Follow CNBC International on and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: elliot smith
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European markets close lower after Draghi’s mixed message on stimulus

European stocks fluctuated Thursday afternoon but ended lower after the European Central Bank ECB kept interest rates on hold but signaled that more monetary easing could be on the horizon. The pan-European Stoxx 600 clkosed provisionally down by 0.5% during trade, with most sectors and major bourses in negative territory. However, ECB President Mario Draghi gave a more mixed message in a subsequent press conference, suggesting that some members of the central bank weren’t convinced on certain a


European stocks fluctuated Thursday afternoon but ended lower after the European Central Bank ECB kept interest rates on hold but signaled that more monetary easing could be on the horizon. The pan-European Stoxx 600 clkosed provisionally down by 0.5% during trade, with most sectors and major bourses in negative territory. However, ECB President Mario Draghi gave a more mixed message in a subsequent press conference, suggesting that some members of the central bank weren’t convinced on certain a
European markets close lower after Draghi’s mixed message on stimulus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
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European markets close lower after Draghi's mixed message on stimulus

European stocks fluctuated Thursday afternoon but ended lower after the European Central Bank ECB kept interest rates on hold but signaled that more monetary easing could be on the horizon.

The pan-European Stoxx 600 clkosed provisionally down by 0.5% during trade, with most sectors and major bourses in negative territory.

The ECB prepared markets for more easing measures on Thursday, causing the euro to briefly fall to a two-year low against the dollar, also sending shares higher. However, ECB President Mario Draghi gave a more mixed message in a subsequent press conference, suggesting that some members of the central bank weren’t convinced on certain aspects of a possible stimulus package.

He told CNBC’s Annette Weisbach that all ECB members agreed that further stimulus was needed, but there were differences regarding the various elements of any program. “We had a broad discussion,” he said, “Whenever we have a package so complex as this, you’d expect that people have different nuances about the different parts of the package.”

Draghi also told reporters Thursday that the risk of a recession in the region was low.


Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, stimulus, different, ecb, message, markets, easing, central, draghis, lower, mixed, close, told, european, members, bank, low


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European stocks close mixed as investors monitor earnings; Philips shares up 5%

In corporate news, Dutch health technology company Philips surged to the top of the index after a stronger-than-anticipated 6% rise in comparable sales for the second quarter. The company cited robust demand for its hospital equipment in China and the U.S. during the three-month period. Meanwhile, Swiss private bank Julius Baer reported a 19% decline in adjusted net profit in the first half of 2019. Outgoing CEO Bernhard Hodler nevertheless said that profitability at the firm had “markedly impro


In corporate news, Dutch health technology company Philips surged to the top of the index after a stronger-than-anticipated 6% rise in comparable sales for the second quarter. The company cited robust demand for its hospital equipment in China and the U.S. during the three-month period. Meanwhile, Swiss private bank Julius Baer reported a 19% decline in adjusted net profit in the first half of 2019. Outgoing CEO Bernhard Hodler nevertheless said that profitability at the firm had “markedly impro
European stocks close mixed as investors monitor earnings; Philips shares up 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: elliot smith sam meredith, elliot smith, sam meredith
Keywords: news, cnbc, companies, earnings, billion, european, stocks, shares, company, swiss, investors, close, technology, philips, firm, threemonth, worst, capital, mixed, monitor, whitbread


European stocks close mixed as investors monitor earnings; Philips shares up 5%

In corporate news, Dutch health technology company Philips surged to the top of the index after a stronger-than-anticipated 6% rise in comparable sales for the second quarter. The company cited robust demand for its hospital equipment in China and the U.S. during the three-month period. Shares jumped over 5% on the news.

Meanwhile, Swiss private bank Julius Baer reported a 19% decline in adjusted net profit in the first half of 2019. Outgoing CEO Bernhard Hodler nevertheless said that profitability at the firm had “markedly improved” compared to last year. Shares of the company rose over 1%.

Among the worst performing individual stocks however was British hotel and restaurant chain Whitbread, which slid more than 4% after it returned £2.5 billion ($3.1 billion) of capital to shareholders. The firm said it was not planning any further return of capital.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: elliot smith sam meredith, elliot smith, sam meredith
Keywords: news, cnbc, companies, earnings, billion, european, stocks, shares, company, swiss, investors, close, technology, philips, firm, threemonth, worst, capital, mixed, monitor, whitbread


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