Reported 3 months ago
In a recent episode of Stocks In Translation, traders Jared Blikre and Kenny Glick delve into the significance of VWAP (Volume Weighted Average Price) as an essential tool for navigating the stock market. Glick shares his preference for VWAP over other technical indicators, emphasizing its ability to guide traders based on where institutional investors are active. The discussion also touches on trading strategies, market behavior, and recent trends, underscoring the growing importance of understanding VWAP for both novice and seasoned investors.
Source: YAHOO
Reported 3 months ago
Yields on super-long Japanese government bonds fell sharply following speculation that the Finance Ministry may reduce the issuance of these bonds. The 30-year bond yield dropped to 2.85%, while the 20-year and 40-year yields also experienced significant declines. This comes after a week of rising yields amid concerns over bond auctions and government stimulus, as investors react to the potential adjustments in the bond issuance strategy.
Source: YAHOO
Reported 3 months ago
Oil prices remained stable as expectations rise for an output increase from OPEC+ at an upcoming meeting. Brent crude was up slightly to $64.85 a barrel, while WTI rose to $61.59. The group is anticipated to finalize a production increase of 411,000 barrels per day. Despite potential concerns about U.S.-European Union trade talks, oil supply dynamics and geopolitical factors, including Iran's situation, continue to influence market sentiment.
Source: YAHOO
Reported 3 months ago
Swedish defence manufacturer Saab has reaffirmed its financial targets for 2023-2027, aiming for organic sales growth of approximately 18% and operating income growth surpassing sales growth. The company is experiencing a surge in demand due to increased military spending in Europe following Russia's invasion of Ukraine. Saab, which offers various military products, is focusing on scaling operations and expanding market opportunities while adapting to new geopolitical challenges as it integrates with NATO.
Source: YAHOO
Reported 3 months ago
US stock futures surged on Monday night following President Trump's decision to delay a 50% tariff on EU imports, allowing for further negotiations. Futures for the Dow Jones, S&P 500, and Nasdaq rose by 1% to 1.2% in response to the announcement. This optimism comes after recent declines driven by tariff uncertainties, as investors now shift their focus to upcoming economic data and earnings reports, with significant attention on Nvidia's quarterly results this week.
Source: YAHOO
Reported 3 months ago
Southwest Airlines has announced it will begin charging $35 for the first checked bag and $45 for the second, marking the end of its free baggage policy. This change comes as the airline faces pressure to improve its earnings. Previously, Southwest was the only major U.S. airline to allow the free check-in of two bags.
Source: YAHOO
Reported 3 months ago
Gold prices continued to decrease as demand for safe-haven assets waned, influenced by strengthening dollar and positive developments in EU-US trade negotiations aimed at preventing a trans-Atlantic trade war. As investors reassess risks related to the US deficit and global conflicts, gold is trading significantly below its recent highs, with a notable drop in gold-backed ETF inflows over the past five weeks.
Source: YAHOO
Reported 3 months ago
Oil prices have stabilized as market participants anticipate easing trade tensions between the EU and the US ahead of an imminent OPEC+ meeting to discuss supply policies. Brent crude is trading below $65 per barrel, reflecting stability despite fluctuations caused by trade disputes and potential new sanctions against Russia. Analysts expect OPEC+ will agree to increase output soon, following preliminary discussions about a notable rise in production levels for July.
Source: YAHOO
Reported 3 months ago
Sony is set to announce a spin-off of its financial arm, marking a significant step in its corporate transformation that has shifted focus towards entertainment, which now accounts for over 60% of its sales. On May 29, the company will detail its strategy for the financial unit and plans to distribute over 80% of its shares in Sony Financial Group to shareholders. This move is seen as a response to investor demands and will help separate the financial business from non-financial operations, allowing for clearer strategic objectives.
Source: YAHOO
Reported 3 months ago
Japan is considering cutting its issuance of super-long bonds due to sharp increases in their yields, which have raised concerns over government finances. The Ministry of Finance is expected to adjust its bond program following discussions with market participants in June. The move comes as yields spike, losing interest from traditional buyers like life insurers. A decline in super-long bond yields has positively affected the Japanese yen and U.S. Treasury yields, although analysts warn this is only a temporary relief for Japan's growing debt situation.
Source: YAHOO
Reported 3 months ago
Shares ended mixed as U.S. President Trump's delay of a 50% tariff on EU imports heightened concerns over trade policy unpredictability, leading to fragile investor sentiment. While U.S. and FTSE futures rose in early trading, broader Asian markets experienced declines, reflecting ongoing uncertainties regarding trade relationships and economic indicators. The dollar faced continued struggles, approaching its fifth consecutive month of losses, amidst concerns over the U.S. deficit and erratic policy decisions.
Source: YAHOO
Reported 3 months ago
Australia is facing a surplus of wheat due to a significant decline in exports to China and strong competition from Russian suppliers. With exports dropping to just 546,000 metric tons in the last marketing period, analysts predict that Australia could carry over 5-6 million tons of wheat into the next season, leading to potential price drops as stored grain is sold off to create space for new harvests.
Source: YAHOO
Reported 3 months ago
In April, Tesla's sales in Europe plunged 49% compared to last year, despite an overall 27.8% increase in battery-electric vehicle sales. This decline marks the fourth consecutive month of falling sales for Tesla, attributed to CEO Elon Musk's controversial political views, lackluster reception of the upgraded Model Y, and increased competition. Overall car sales in Europe dipped by 0.3%, while electric vehicles continued to gain market share, making up 59.2% of registrations.
Source: YAHOO
Reported 3 months ago
China's commerce ministry is set to meet with automakers like BYD and Dongfeng Motor to address the rising trend of 'zero-mileage' used cars—vehicles sold as secondhand despite never being driven. This phenomenon has emerged amid a prolonged price war in the automotive industry, as vendors attempt to boost new car sales amid aggressive targets. The meeting will also include industry bodies and used car trading platforms.
Source: YAHOO
Reported 3 months ago
Toyota plans to transfer some GR Corolla production from Japan to a dedicated line in Britain, investing approximately $56 million to enhance export capabilities for North America. This strategic move aims to capitalize on excess capacity in the UK and alleviate long delivery wait times for the popular sports car, amidst strong domestic demand. While production will begin in mid-2026 at the Burnaston plant, Toyota maintains that the shift is not a response to recent tariff changes by the U.S. government.
Source: YAHOO
Reported 3 months ago
The U.S. dollar faltered as worries over a major tax and spending bill intensified concerns regarding U.S. debt, with investor confidence in American assets diminishing. The euro gained after President Trump postponed tariffs on Europe, while the yen rose amid potential interest rate hikes by the Bank of Japan. As the U.S. Senate prepares to debate the tax-cut bill that could worsen the nation's debt by approximately $3.8 trillion in the next decade, market analysts express pessimism about the global economic outlook.
Source: YAHOO
Reported 3 months ago
Volvo Cars has announced plans to cut 3,000 jobs, primarily in white-collar positions, as part of a restructuring aimed at addressing high costs, reduced demand for electric vehicles, and ongoing trade uncertainties. This substantial downsizing, representing about 15% of its office workforce, comes as the company seeks to stabilize its share price and improve operational efficiency. The layoffs will predominantly affect employees in Gothenburg and are part of a broader initiative to achieve cost savings of approximately 18 billion Swedish crowns.
Source: YAHOO
Reported 3 months ago
Hedge funds are increasing their bets on the South Korean won, hoping it will follow the Taiwanese dollar's recent rise against the US dollar. Recent data shows a significant spike in options trading for the dollar-won pair, with hedge funds showing a preference for put options amid speculation of currency direction discussions between Korea and the US. Investor interest in the won is fueled by expectations of strong trade performance and economic shifts in the region.
Source: YAHOO
Reported 3 months ago
China's industrial profits saw a 1.4% increase in the January-April period, with a notable 3% rise in April alone, indicating the effectiveness of recent stimulus measures despite ongoing trade tensions with the United States. While state-owned enterprises faced a decline in profits, private and foreign companies reported growth. Analysts warn that challenges such as insufficient demand and global uncertainties persist, potentially impacting the recovery.
Source: YAHOO
Reported 3 months ago
Asian shares saw a decline on Tuesday, trading within a narrow range as U.S. markets remained closed for Memorial Day. Key indices across the region experienced slight decreases, with the Nikkei 225 down 0.2% amidst inflation concerns in Japan. U.S. futures were up, but oil prices slipped ahead of consumer confidence and housing data set to be released. The market was also influenced by international trade negotiations and potential tariff adjustments by the U.S. government.
Source: YAHOO
Reported 3 months ago
Nvidia shares are gaining attention as the AI chipmaker prepares to release its earnings report after the market closes on Wednesday. Investors should keep an eye on critical price levels, with potential resistance around $143 and $150, and support near $121 and $115. After a recent rally, Nvidia's stock is navigating through a flag pattern, suggesting an uptrend continuation, while monitoring revenue growth and sales to China remains crucial.
Source: YAHOO
Reported 3 months ago
Volvo Cars, based in Sweden, announced it will eliminate 3,000 jobs as part of a cost-reduction strategy due to challenges in the automotive industry, including economic uncertainties and trade tensions. Approximately 1,200 job cuts will affect workers in Sweden, with an additional 1,000 positions held by consultants also to be eliminated. The company aims to strengthen its financial position in light of rising raw material costs and declining markets.
Source: YAHOO
Reported 3 months ago
After a significant fire at one of its data centers in Oregon, social media platform X faced major outages affecting user logins and sign-up processes. The fire, reportedly caused by a battery issue, has led to cascading technical problems that the company is actively working to resolve. Elon Musk announced he is refocusing on X and other business ventures, contributing to a limited response capacity. Despite these challenges, X has indicated that service improvements are needed to prevent similar future incidents.
Source: YAHOO
Reported 3 months ago
The European Union's chief trade negotiator reported 'good calls' with Trump administration officials as tariff negotiations recommence. Following a weekend conversation between President Trump and European Commission President Ursula von der Leyen, Trump postponed a proposed 50% tariff on EU goods from June 1 to July 9, signaling a desire for continued dialogue. However, significant hurdles remain as the EU prepares retaliatory measures against US goods if a trade deal isn’t reached, with both sides aiming for constructive discussions in the upcoming weeks.
Source: YAHOO
Reported 3 months ago
A gauge for emerging-market currencies increased as President Trump extended a tariff deadline for the European Union, which boosted risk appetite in thin trading conditions due to holidays in the US and UK. The MSCI gauge for EM FX hit a record high of 0.4%, while the dollar hovered near a two-year low. Despite mixed outcomes in developing-nation currencies, analysts noted that the weakening dollar supports emerging markets. South Korea’s stocks notably rose, contrasting with overall declines in broader equity indices.
Source: YAHOO