Markets Microsoft’s shares climbed 5.4% premarket and topped the stock’s all-time high of $59.56 after its FQ1 earnings exceeded expectations and sales of its cloud platform Azure more than doubled. EPS came in at $0.76 while revenue rose 3% to … Continue reading
Markets Saudi Arabia has raised $17.5B in the largest ever bond sale by an emerging-market country as it looks to reduce its $97B budget deficit. The government could have raised even more, with Bloomberg reporting that it received orders of … Continue reading
Markets China’s GDP growth remained at 6.7% on year in Q3, as expected, boosted by yet more government spending, record bank lending and an over-heating property market, all of which are adding to the massive debt in the country. “Economic … Continue reading
Markets Global equities were higher at the time of writing as a weakening dollar helped strengthen oil prices, thereby boosting global sentiment, and ahead of U.S. CPI data this morning. Inflation is expected to have risen to 1.5% on year … Continue reading
Markets Long-dated government bond yields are up nicely again today nearly across the board. Leading the way are Spanish 10-years, up 11 basis points to 1.156%. The U.K. 10-year Gilt yield is higher by another 9 basis points to 1.09%. … Continue reading
Markets With financials priding itself as the only positive sector so far this month, will upcoming bank earnings hurt or help? Wells Fargo (NYSE:WFC), Citigroup (NYSE:C) and JPMorgan (NYSE:JPM) all report results ahead of the opening bell and are viewed … Continue reading
Markets Minutes from the September FOMC meeting… Many members thought raising rates would be warranted “relatively soon” if the U.S. economy continued to strengthen, but internal divisions remained over the timing of the next move. A few participants also raised … Continue reading
Markets The Federal Reserve is in the spotlight with the central bank due to release minutes from its meeting in September this afternoon. The text will be closely analyzed to see how close the three dissenting Fed members from the … Continue reading
Markets Equity markets are looking to shift their focus back to corporate results, with Alcoa (NYSE:AA) kicking off the third-quarter earnings season before today’s opening bell. Earnings could move the bar for stocks more than anything else, especially because of … Continue reading
Markets Happy Columbus Day! Traders looking to take a day off for the federal holiday will be disappointed to find out that the stock markets will remain open. While investors will have to keep their eyes on their portfolios, the … Continue reading