Stocks making the biggest moves after hours: Foot Locker, Autodesk and more

The software design company reported earnings of 29 cents a share, slightly above analysts’ expectations of 27 cents a share. Autodesk reported $661 million in revenue, versus an estimate of $640 million. Foot Locker shares surged over 12 percent after the company reported earnings of 95 cents a share, about 3 cents more than analysts expected. The company reported earnings of 39 cents a share, beating analysts’ expectations of 34 cents a share. The retailer reported earnings of 69 cents a share


The software design company reported earnings of 29 cents a share, slightly above analysts’ expectations of 27 cents a share. Autodesk reported $661 million in revenue, versus an estimate of $640 million. Foot Locker shares surged over 12 percent after the company reported earnings of 95 cents a share, about 3 cents more than analysts expected. The company reported earnings of 39 cents a share, beating analysts’ expectations of 34 cents a share. The retailer reported earnings of 69 cents a share
Stocks making the biggest moves after hours: Foot Locker, Autodesk and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: marilyn haigh, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, hours, revenue, expectations, earnings, locker, reported, billion, biggest, stocks, company, autodesk, share, moves, analysts, foot, cents, versus, making


Stocks making the biggest moves after hours: Foot Locker, Autodesk and more

Check out the companies making headlines after the bell:

Shares of Autodesk rose over 9 percent during the extended session Tuesday. The software design company reported earnings of 29 cents a share, slightly above analysts’ expectations of 27 cents a share. Autodesk reported $661 million in revenue, versus an estimate of $640 million.

Foot Locker shares surged over 12 percent after the company reported earnings of 95 cents a share, about 3 cents more than analysts expected. The shoe retailer narrowly beat revenue expectations, reporting $1.86 billion. Analysts had expected $1.85 billion. Same-store sales for the company are up 2.9 percent versus 1.6 percent estimated by Refinitiv.

BJ’s Wholesale shares rose over 6 percent after hours. The company reported earnings of 39 cents a share, beating analysts’ expectations of 34 cents a share. The wholesale retailer also beat revenue expectations, reporting $3.22 billion in revenue. Analysts had expected $3.17 billion.

Gap shares went down 1 percent despite narrowly beating earnings expectations. The retailer reported earnings of 69 cents a share versus an estimate of 68 cents a share. Gap reported $4.09 billion in revenue, beating predictions of $4.00 billion. Gap’s same-store sales were flat, missing Refinitiv analysts’ estimates of 1.1 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: marilyn haigh, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, hours, revenue, expectations, earnings, locker, reported, billion, biggest, stocks, company, autodesk, share, moves, analysts, foot, cents, versus, making


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How to get out from under that gift-giving pressure this holiday season

That’s according to a new survey from Bankrate.com, which found that 45 percent of Americans feel compelled to go beyond their comfort zones when buying holiday gifts. Women are more likely to feel the gift-giving stress, according to the survey, with 51 percent of women feeling pressured to overspend versus just 40 percent of men. Parents also reported feeling more gift-giving stress, with 54 percent feeling the need to keep up with the Joneses versus 42 percent of non-parents. There are two th


That’s according to a new survey from Bankrate.com, which found that 45 percent of Americans feel compelled to go beyond their comfort zones when buying holiday gifts. Women are more likely to feel the gift-giving stress, according to the survey, with 51 percent of women feeling pressured to overspend versus just 40 percent of men. Parents also reported feeling more gift-giving stress, with 54 percent feeling the need to keep up with the Joneses versus 42 percent of non-parents. There are two th
How to get out from under that gift-giving pressure this holiday season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: lorie konish, getty images
Keywords: news, cnbc, companies, giftgiving, used, reported, feeling, stress, survey, pressure, season, garcia, holiday, according, secondhand, versus


How to get out from under that gift-giving pressure this holiday season

For many consumers that adds up to one thing: pressure.

That’s according to a new survey from Bankrate.com, which found that 45 percent of Americans feel compelled to go beyond their comfort zones when buying holiday gifts.

Women are more likely to feel the gift-giving stress, according to the survey, with 51 percent of women feeling pressured to overspend versus just 40 percent of men.

Parents also reported feeling more gift-giving stress, with 54 percent feeling the need to keep up with the Joneses versus 42 percent of non-parents.

Millennials and Gen Xers also reported that they were more stressed about gift giving than older generations.

The results show that not everyone is in a good place financially, despite what broader economic indicators might say, according to Adrian Garcia, data analyst at Bankrate.com.

“Not everyone is feeling the wage growth and the positivity of the economy,” Garcia said. “Not everyone is feeling great.”

There are two things that most people do not want to resort to — not giving gifts at all or buying second-hand items, according to the survey.

Yet gift givers may want to rethink that policy on used goods, according to Garcia. “Just because it comes from a place that is ‘used’ or second-hand doesn’t mean it’s not good quality, doesn’t mean the person won’t like it,” Garcia said.

More from Personal Finance:

Millennials, you can win the holidays without going broke

Here’s why you shouldn’t buy everything on your kids’ holiday wish lists

These workplace perks could save you a few bucks in 2019

There are some practical money tips you can use to approach the holiday season wisely, according to Douglas Boneparth, certified financial planner and president of Bone Fide Wealth.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: lorie konish, getty images
Keywords: news, cnbc, companies, giftgiving, used, reported, feeling, stress, survey, pressure, season, garcia, holiday, according, secondhand, versus


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Sterling gripped by Brexit crisis; yen enjoys safety bid

Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan. The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on


Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan. The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on
Sterling gripped by Brexit crisis; yen enjoys safety bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, brexit, safety, bid, dollar, eu, deal, uk, crisis, referendum, yen, versus, sterling, currency, enjoys, gripped, trade


Sterling gripped by Brexit crisis; yen enjoys safety bid

The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.

Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan.

That left the sterling vulnerable to further losses. It was changing hands at $1.2792, barely holding steady after declining 1.7 percent on Thursday, its steepest percentage slide since Oct. 11 2016.

“Political troubles are never good for the currency but in the case of the UK, the pound could drop to 1.25 versus the dollar on the prospect of a no deal Brexit, leadership challenge and slower growth,” Kathy Lien, managing director of currency strategy at BK Asset Management said in a note.

The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The hostility from government and opposition lawmakers raised the risk that the deal would be rejected in parliament, and that Britain could leave the EU on March 29 without a safety net.

May’s compromise plan, which seeks to maintain close trade ties with the EU in the future, is facing opposition from Brexiteers, pro-Europeans, the Northern Irish party that props up her government, and even some of her own ministers, thus raising the risks of her losing her job, of Britain leaving the bloc with no agreement or even another referendum.

Without a deal, the UK would move in March from seamless trade with the EU to customs arrangements set by the World Trade Organization for external states, which could cause panic in financial markets.

However, some analysts believe sterling bulls have a reason not to throw in their towel yet, noting there is a chance of another referendum with the choice between a hard Brexit and remaining in the EU.

A snap Sky News poll yesterday showed 55 percent in favour of another referendum, while 54 percent supported no Brexit, 32 percent a hard Brexit and only 14 percent May’s deal.

“A second referendum would likely result in clear vote to remain, a strongly positive outcome for GBP. With that in mind we think the upside tail has fattened more than the downside,” said Adam Cole, chief currency strategist at RBC in a note.

The euro tacked on 0.05 percent to trade at $1.1338. Investors were hopeful after reports out of Italy said that Italian Prime Minister Giuseppe Conte was looking to work with the EU over his government’s 2019 budget, which has been rejected by Brussels.

The single currency has gained over the last three trading sessions, but was up only 0.1 percent versus the dollar month to date, underscoring the strains from weakening economic momentum in Europe, Italian budget woes and the Brexit uncertainty.

The dollar index, a gauge of its value versus six major peers, was up 0.05 percent at 96.97, not far off a 16-month high of 97.69 hit at the start of the week.

Currency markets were also keeping an eye on the U.S.-Sino trade tensions as traders looked for concrete signs the economic powers were seeking to de-escalate their dispute.

A Financial Times report said U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of U.S. tariffs on Chinese mports has been put on hold. But a U.S. Trade Representative spokesperson later denied this report.

“This is a clear sign of the tussle taking place between the doves and hawks in the trade camp..we will be hearing more of this till the upcoming G-20 meet,” said Sim Moh Siong, currency strategist at Bank of Singapore.

Most analysts forecast the dollar to remain well supported in coming months thanks to the Federal Reserve’s commitment to continue to gradually raise interest rates. A fourth hike for this year is expected next month, backed by a robust economy and rising wage pressures.

The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on Monday before reversing course.

The Australian dollar lost 0.14 percent at $0.7272 on Friday. The Aussie had gained 0.58 percent in the previous trading session on the back of stronger than expected jobs data.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, brexit, safety, bid, dollar, eu, deal, uk, crisis, referendum, yen, versus, sterling, currency, enjoys, gripped, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Sterling and euro rise on Brexit hopes, dollar slips on profit-taking

The surge in the euro and sterling led investors to take profits on the U.S. dollar, which retraced from a 16-month high. The dollar index, a gauge of its value versus six major peers traded at 97.03 on Wednesday, down 0.28 percent. The euro and sterling constitute around 70 percent of the weight in the dollar index. Riding on the positive sentiment around a potential smooth and orderly Brexit deal, the euro gained 0.14 percent to trade at $1.1305 on Wednesday. The euro hit a 6-1/2 month low ver


The surge in the euro and sterling led investors to take profits on the U.S. dollar, which retraced from a 16-month high. The dollar index, a gauge of its value versus six major peers traded at 97.03 on Wednesday, down 0.28 percent. The euro and sterling constitute around 70 percent of the weight in the dollar index. Riding on the positive sentiment around a potential smooth and orderly Brexit deal, the euro gained 0.14 percent to trade at $1.1305 on Wednesday. The euro hit a 6-1/2 month low ver
Sterling and euro rise on Brexit hopes, dollar slips on profit-taking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14
Keywords: news, cnbc, companies, profittaking, pound, hopes, deal, dollar, brexit, versus, trade, sentiment, sterling, traders, rise, slips, euro


Sterling and euro rise on Brexit hopes, dollar slips on profit-taking

The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.

The surge in the euro and sterling led investors to take profits on the U.S. dollar, which retraced from a 16-month high.

The dollar index, a gauge of its value versus six major peers traded at 97.03 on Wednesday, down 0.28 percent. The index hit a 16-month high of 97.69 on Monday.

The sell-off in the dollar has been due to the improved risk sentiment around a potential Brexit deal and not because of any deterioration in the fundamentals of the U.S. economy. The euro and sterling constitute around 70 percent of the weight in the dollar index.

“Don’t be fooled by the pullback in the U.S. dollar…nearly all of the major currencies rebounded because of local factors and not a shift in appetite for U.S. dollars or change in economic fundamentals,” said Kathy Lien, managing director of currency strategy at BK Asset Management.

Lien expects the dollar to strengthen further on the back of a robust U.S. economy, rising interest rates and its safe haven status.

The British pound traded at $1.3006 on Wednesday, gaining 0.25 percent as traders reduced bearish bets after Britain and the European Union agreed a preliminary text that would allow the United Kingdom to leave the EU with a deal that avoids a chaotic “hard Brexit” departure.

The challenge for British Prime Minister Theresa May is now to sell this deal to the parliament, where hardline Brexit supporters accused her of surrendering to the EU. The British cabinet will meet at 1400 GMT on Wednesday to consider the draft withdrawal agreement.

“The bullish sentiment has certainly returned for the pound but we need to see the finer details of the draft deal and May needs support from her ministers,” said Michael McCarthy, chief market strategist at CMC markets.

McCarthy noted that while there is still lot of scope for further sterling appreciation, it would be prudent to wait on the sidelines for now until a clear picture emerges.

Riding on the positive sentiment around a potential smooth and orderly Brexit deal, the euro gained 0.14 percent to trade at $1.1305 on Wednesday. The euro’s gain was limited by concerns about Italy’s budget proposals and downbeat German investor confidence data, traders said.

“Italy is still a concern for traders and we can see more uncertainty in the euro zone going ahead. The gains in the euro will be muted,” added McCarthy.

The single currency lost 0.15 percent versus the pound to trade at 0.8690. The euro hit a 6-1/2 month low versus sterling of 0.8653 on Tuesday.

The dollar gained 0.11 percent versus the yen on Wednesday to trade at 113.93. The yen touched a six-week low of 114.20 on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-11-14
Keywords: news, cnbc, companies, profittaking, pound, hopes, deal, dollar, brexit, versus, trade, sentiment, sterling, traders, rise, slips, euro


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

About 90 percent of American men are confident they can manage money

When it comes to how Americans feel about money, says Student Loan Hero, “there’s a clear gender gap.” Over 60 percent of men say they’re confident investing versus only about 45 percent of women, and 63 percent of men say they’re comfortable taking out a loan versus 54 percent of women. Overall, nearly 90 percent of men feel good about how well they manage money. Student Loan Hero: Money Confidence Survey, Overall Finances and Taking Out LoansOne reason for the divide could be that “men tend to


When it comes to how Americans feel about money, says Student Loan Hero, “there’s a clear gender gap.” Over 60 percent of men say they’re confident investing versus only about 45 percent of women, and 63 percent of men say they’re comfortable taking out a loan versus 54 percent of women. Overall, nearly 90 percent of men feel good about how well they manage money. Student Loan Hero: Money Confidence Survey, Overall Finances and Taking Out LoansOne reason for the divide could be that “men tend to
About 90 percent of American men are confident they can manage money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: shawn m carter, eclipse sportswire, getty images
Keywords: news, cnbc, companies, american, respondents, versus, say, loan, theyre, money, 90, men, women, feel, confident, hero, manage


About 90 percent of American men are confident they can manage money

When it comes to how Americans feel about money, says Student Loan Hero, “there’s a clear gender gap.” About two-thirds of men feel comfortable negotiating their salary versus only half of women. Over 60 percent of men say they’re confident investing versus only about 45 percent of women, and 63 percent of men say they’re comfortable taking out a loan versus 54 percent of women.

There’s a gap when it comes to confidence about the future, too: 53 percent of men are feel good about retirement versus only 37 percent of women.

Overall, nearly 90 percent of men feel good about how well they manage money. Women trail by about 10 percentage points.

Student Loan Hero: Money Confidence Survey, Overall Finances and Taking Out Loans

One reason for the divide could be that “men tend to have more money and talk about it more with friends,” the survey reports. Of the respondents, “nearly 70 percent of men say they have no problem broaching money subjects, while only 59 percent of women said the same.”

Meanwhile, 42 percent of women have less than $500 in savings as compared to a third of men; 55 percent of men have more than $1,000 versus 47 percent of women; and, of course, men still earn more than their female peers.

Overall, though, Americans are financially confident. Student Loan Hero finds that 83 percent of respondents feel good about managing their money generally, and 88 percent are confident about balancing their checkbooks and paying bills on time.

Further, 54 percent of respondents say they’re “on track to meet their personal financial goals.”


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: shawn m carter, eclipse sportswire, getty images
Keywords: news, cnbc, companies, american, respondents, versus, say, loan, theyre, money, 90, men, women, feel, confident, hero, manage


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dollar hovers near 16-month high, yen pares intraday gains

The dollar traded slightly below a 16-month high versus a basket of peers on Tuesday, benefiting from save-haven flows sparked by political uncertainties in Europe and fears of a global economic slowdown. The dollar index, a gauge of its value versus six major peers, traded at 97.5, sitting shy of its 16-month high of 97.69 hit on Monday. The Japanese yen traded at 113.99 on Tuesday, as the greenback gained 0.1 percent versus the yen. “The yen will now have a greater safe haven pull than the dol


The dollar traded slightly below a 16-month high versus a basket of peers on Tuesday, benefiting from save-haven flows sparked by political uncertainties in Europe and fears of a global economic slowdown. The dollar index, a gauge of its value versus six major peers, traded at 97.5, sitting shy of its 16-month high of 97.69 hit on Monday. The Japanese yen traded at 113.99 on Tuesday, as the greenback gained 0.1 percent versus the yen. “The yen will now have a greater safe haven pull than the dol
Dollar hovers near 16-month high, yen pares intraday gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13
Keywords: news, cnbc, companies, intraday, high, european, traded, mondaythe, euro, led, 16month, pares, hovers, near, italys, yen, trade, dollar, versus, gains


Dollar hovers near 16-month high, yen pares intraday gains

The dollar traded slightly below a 16-month high versus a basket of peers on Tuesday, benefiting from save-haven flows sparked by political uncertainties in Europe and fears of a global economic slowdown.

Investor confidence has been eroded by bitter trade tensions between the United States and China, fears of a no-deal Brexit, and a standoff between Rome and the European Union over Italy’s deficit-deepening budget.

Added to that litany is a view that corporate earnings growth has peaked amid rising borrowing costs.

Shares on Wall Street tumbled on Monday, with falls led by technology stocks.

The bearish mood crept into Asian trade as well with the MSCI ex-Japan index falling 0.87 percent to trade at 477.5 on Tuesday.

The U.S. Federal Reserve is set to raise rates by 25 basis points in December, with two more hikes to follow by mid-2019, as wage pressures build in a booming economy.

The CME group’s FedWatch tool puts the probability of a December rate hike at 75 percent.

The dollar index, a gauge of its value versus six major peers, traded at 97.5, sitting shy of its 16-month high of 97.69 hit on Monday.

“The dollar has broken out of a 17-month range on the back of safe-haven buying, led by falling equity prices as well as the heavy sell-offs in the euro and sterling,” said Nick Twidale, chief operating officer at Rakuten Securities.

The Japanese yen traded at 113.99 on Tuesday, as the greenback gained 0.1 percent versus the yen. The yen touched a six-week low of 114.20 on Monday.

The dollar has been preferred over the yen due to the diverging monetary policies of the Fed and the Bank of Japan, which is expected to retain its ultra-loose monetary policy settings for some time in the face stubbornly sluggish inflation.

But analysts believe that the yen will strengthen if global risk sentiment worsens, thanks to its safe-haven status.

“The yen will now have a greater safe haven pull than the dollar if equities witness a further correction. We see dollar/yen downside in that scenario,” added Twidale.

Sterling staged a mild relief rally in Asian to trade at $1.2879, gaining 0.28 percent. It has slipped against the dollar in the last three trading sessions and posted its largest percentage decline versus the dollar since Sept. 21 on Monday.

“Sterling was a bit oversold and much of last night’s move occurred in thin liquidity. The lack of follow-through in Asia has led some to take profits on their shorts,” said Stephen Innes, head of trading, APAC at Oanda.

Investor sentiment has weakened as doubts grow over Prime Minister Theresa May’s ability to win the backing of the European Union or her own party for a Brexit deal.

With less than five months before Britain is due to leave the EU on March 29, negotiations are still stuck over how to prevent a return to a hard border between British-ruled Northern Ireland and EU member Ireland.

However, sterling traders got some encouragement after the European Union’s chief Brexit negotiator said the main elements of an exit treaty text were ready to present to the British cabinet on Tuesday.

The euro gained 0.2 percent to trade at $1.1243 on Tuesday, after tumbling more than one percent versus the dollar on Monday.

The standoff between Rome and Brussels over Italy’s free-spending budget and wide fiscal deficit has put immense strain on the single currency, which has lost 5.9 percent of its value over the last six months.

The European Commission rejected Italy’s 2019 budget last month, saying it flouted a previous commitment to lower the country’s deficit.

Italy is expected to submit a revised version of its budget on Tuesday, keeping euro traders active.


Company: cnbc, Activity: cnbc, Date: 2018-11-13
Keywords: news, cnbc, companies, intraday, high, european, traded, mondaythe, euro, led, 16month, pares, hovers, near, italys, yen, trade, dollar, versus, gains


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

10 steps to take before making that final entrepreneurship leap

But you must not let the hustle and bustle of your business steer you away from having a solid financial foundation. Showing discipline with your personal finances will strengthen your success with your business finances. A few basic initial steps can be taken when making the transition from employee to entrepreneur. In addition to creating a business plan, you need to begin by figuring out the expected expenses for your particular field. Next, create two spending plans: What your expenses and c


But you must not let the hustle and bustle of your business steer you away from having a solid financial foundation. Showing discipline with your personal finances will strengthen your success with your business finances. A few basic initial steps can be taken when making the transition from employee to entrepreneur. In addition to creating a business plan, you need to begin by figuring out the expected expenses for your particular field. Next, create two spending plans: What your expenses and c
10 steps to take before making that final entrepreneurship leap Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: rianka dorsainvil, guest contributor, peopleimages, getty images
Keywords: news, cnbc, companies, visionary, various, today, expenses, versus, finances, final, wear, making, transition, business, steps, look, leap, entrepreneurship


10 steps to take before making that final entrepreneurship leap

As an entrepreneur, you wear many hats — visionary, technician and manager. But you must not let the hustle and bustle of your business steer you away from having a solid financial foundation. Showing discipline with your personal finances will strengthen your success with your business finances. A few basic initial steps can be taken when making the transition from employee to entrepreneur.

In addition to creating a business plan, you need to begin by figuring out the expected expenses for your particular field. There are also some common expenses for which you can prepare, such as fees to incorporate, costs of bookkeeping software and various forms of insurance you may be leaving behind with your former job.

Next, create two spending plans: What your expenses and cash flow look like today, versus what they may look like when you start your company and are living off reduced income and savings.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: rianka dorsainvil, guest contributor, peopleimages, getty images
Keywords: news, cnbc, companies, visionary, various, today, expenses, versus, finances, final, wear, making, transition, business, steps, look, leap, entrepreneurship


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dollar range-bound as investors await Fed rate decision; yen trades with weak bias

The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day. “The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The euro traded at $1.1429 on Thursday. The New Zealand dollar traded flat at $0.6776, with little reaction to


The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day. “The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The euro traded at $1.1429 on Thursday. The New Zealand dollar traded flat at $0.6776, with little reaction to
Dollar range-bound as investors await Fed rate decision; yen trades with weak bias Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, euro, traded, rates, bias, currency, versus, fed, decision, weak, bank, trades, rangebound, rate, investors, yen, trade


Dollar range-bound as investors await Fed rate decision; yen trades with weak bias

The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day.

The central bank’s Federal Open Market Committee (FOMC) is expected to maintain the hawkish language seen in recent policy statements, while keeping interest rates unchanged this time.

The Fed has raised rates three times this year as the U.S. economy boomed and inflation started to pick up, and it has signaled a rate rise in December, with two more hikes by mid-2019.

“The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The U.S. economy needs rising rates as wage pressures are building and there is a risk of an overheating of the economy,” said Sim Moh Siong, currency strategist at Bank of Singapore.

The prospect of further Fed tightening helped the dollar recover against the euro and yen, having lost ground after the mid-term elections resulted in a split Congress, with Democrats winning control of the House of Representatives and Republicans cementing their majority in the Senate.

Expectations that the Washington will descend into gridlock has reduced President Donald Trump’s chances of pushing through a fiscal stimulus package.

The dollar index, a gauge of its value versus six major peers traded at 96.22 on Thursday, gaining 0.23 percent.

The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The dollar has gained around 1.9 percent over the Japanese currency over the last nine trading sessions due to the diverging monetary policies of the U.S. Fed and the Bank of Japan (BoJ).

While the Fed is on track to raise interest rates the Bank of Japan will press on with ultra loose monetary policy because of low growth and inflation.

The widening interest rate differential between U.S. and Japanese bonds has made the dollar a more attractive bet than the yen, which is often a funding currency for carry trades.

The euro traded at $1.1429 on Thursday. The single currency had touched an intra-day high of $1.15 on Wednesday, due to dollar weakness rather than any substantial improvement in the euro zone’s economic fundamentals.

The standoff between the EU and Rome over Italy’s budget deficit and concerns over Europe’s slowing economic growth have handicapped the euro, which has lost 4 percent versus the dollar over the last six months.

Elsewhere in the currency market, the pound traded flat at $1.3124 in early Asian trade after gaining 3.36 percent versus the dollar in the last six trading sessions, as traders bet a Brexit agreement was close.

The New Zealand dollar traded flat at $0.6776, with little reaction to its central bank keeping rates on hold at 1.75 percent on Thursday.

The Australian dollar built on its gains of the previous three trading sessions versus the greenback to trade at $0.7283, to gain 0.1 percent versus. The Aussie was cheered by stronger than expected trade data out of China, its largest trade partner.


Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, euro, traded, rates, bias, currency, versus, fed, decision, weak, bank, trades, rangebound, rate, investors, yen, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Societe Generale profits beat estimates as rebound in global markets drives growth

Societe Generale third-quarter results beat expectations on Thursday after the company reported a 32 percent jump in its net income from last year. The bank’s net income stood at 1.2 billion euros in the third quarter of 2018, beating analysts expectation of 955 million euros for the quarter, according to data firm Refinitiv. The French bank reported a net income of 932 million euros in the third quarter of 2017. International retail banking achieved a reported group net income of 532 million eu


Societe Generale third-quarter results beat expectations on Thursday after the company reported a 32 percent jump in its net income from last year. The bank’s net income stood at 1.2 billion euros in the third quarter of 2018, beating analysts expectation of 955 million euros for the quarter, according to data firm Refinitiv. The French bank reported a net income of 932 million euros in the third quarter of 2017. International retail banking achieved a reported group net income of 532 million eu
Societe Generale profits beat estimates as rebound in global markets drives growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: silvia amaro, antoine antoniol, bloomberg, getty images
Keywords: news, cnbc, companies, million, markets, generale, societe, estimates, profits, euros, billion, net, group, banking, rebound, beat, drives, reported, versus, income, growth, quarter, global


Societe Generale profits beat estimates as rebound in global markets drives growth

Societe Generale third-quarter results beat expectations on Thursday after the company reported a 32 percent jump in its net income from last year.

The bank’s net income stood at 1.2 billion euros in the third quarter of 2018, beating analysts expectation of 955 million euros for the quarter, according to data firm Refinitiv.

The French bank reported a net income of 932 million euros in the third quarter of 2017.

Here are some of the key highlights of the latest quarter:

Net banking revenue stood at 6.5 billion euros versus 5.9 billion a year ago

Operating expenses rose to 4.3 billion euros from 4 billion a year ago

Common Equity Tier 1 ratio at 11.2 percent versus 11.4 percent at the end of 2017

“Our revenues increased due to the confirmed growth in International Retail Banking & Financial Services and the healthy momentum in Financing & Advisory and market activities,” Fréderic Oudéa, the Group’s chief executive officer, said in a statement.

International retail banking achieved a reported group net income of 532 million euros in the third quarter from 493 million a year ago. Strong economic momentum across Europe, Russia and in its Africa subsidiaries supported this growth.

“The Group pursued its disciplined approach to cost management and the low cost of risk confirms the quality of our loan portfolio. The Group put an end this quarter to the financial impact of the major litigation issues with the U.S. authorities relating to the pre-financial crisis period,” Oudéa added.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: silvia amaro, antoine antoniol, bloomberg, getty images
Keywords: news, cnbc, companies, million, markets, generale, societe, estimates, profits, euros, billion, net, group, banking, rebound, beat, drives, reported, versus, income, growth, quarter, global


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wynn Resorts shares fall 12 percent as it misses earnings estimates

Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings. The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion. The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.


Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings. The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion. The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.
Wynn Resorts shares fall 12 percent as it misses earnings estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: waverly colville, billy hc kwok, bloomberg, getty images
Keywords: news, cnbc, companies, share, misses, fall, estimates, earnings, strong, company, shares, versus, revenues, resorts, 12, macau, wynn, trading


Wynn Resorts shares fall 12 percent as it misses earnings estimates

Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings.

The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion.

The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: waverly colville, billy hc kwok, bloomberg, getty images
Keywords: news, cnbc, companies, share, misses, fall, estimates, earnings, strong, company, shares, versus, revenues, resorts, 12, macau, wynn, trading


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post