Stocks on Wall Street will likely see another slide even if the US economy manages to avoid recession, is Morgan Stanley’s assessment of the US market. “The bullish rally (as of last Friday) may continue, but don’t think this bear market is over, even if we avoid a recession – a scenario that is increasingly […]
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Bank of America: Mammoth target downgrade on S&P 500 by 900 points
Bank of America cut its 2022 target for the S&P 500 by 900 points to 3,600, following a prediction it made this week that a recession would hit the US this year. The new target for closing the year is “the lowest in the market”, Bank of America’s strategic analysts acknowledge in their report yesterday. […]
Reaction operation for European indices
Gains of more than 1% are presented by the meetings of the main European stock markets, with the indices trying to cover some of the big losses yesterday against the background of the imminent increase in interest rates and the possibility of anarchy in Italy. In particular, the pan-European Stoxx 600 moves with gains of […]
Mixed signs in Asia – Losses in China against the backdrop of the GDP ‘brake’
Indices in the Asia-Pacific region ended the week’s final trading with mixed signs, as an unexpected slowdown in China’s GDP weighed on the country’s indexes. Specifically, in Japan the Nikkei closed with a 0.5% increase at 26,770 points, while the Topix moved a little lower at +0.3% and 1,888 points. In South Korea the Kospi […]
Mixed signs in Asia – Plunge in China against the backdrop of the GDP ‘brake’
Indices in the Asia-Pacific region ended the week’s final trading with mixed signs, as an unexpected slowdown in China’s GDP weighed on the country’s indexes. Specifically, in Japan the Nikkei closed with a 0.5% increase at 26,770 points, while the Topix moved a little lower at +0.3% and 1,888 points. In South Korea the Kospi […]
Sharp losses in Euro markets – 3.4% dive in Italy on the possibility of misgovernment
The main European indices ended their trading with strong losses, as concerns about the new inflationary jump in the US were added to the possibility of anarchy in Italy, which threw up the spreads of the third largest economy of the eurozone, while the Commission estimates that price pressures will be maintained . In particular, […]
Wall Street: Strong losses in the shadow of interest rates
The US market is under significant pressure as inflation climbing to an unthinkable 9.1% strengthens the case for a wild Fed rate hike of a full percentage point, while early signs from the start of the corporate earnings season have been rather ominous. . In particular, the three indices that showed endurance yesterday after the […]
The dollar’s rally threatens to plunge stocks in the coming weeks
Despite surging inflation squeezing its purchasing power domestically, the US dollar has rallied impressively over the past year. While this is a good development for Americans traveling abroad, Morgan Stanley warned on Monday that many US companies will suffer as their international operations become less profitable, forcing many of them to revise down their earnings […]
Why tycoon Arturo Moreno is buying Amazon, AT&T and JP Morgan
By John Hyatt Baseball magnate Arturo Moreno first bought shares in Alphabet and Amazon six years ago after his daughter “convinced” him to invest in the two tech giants. With share prices falling in recent weeks, Moreno saw a buying opportunity. So, in May, he bought an additional 3,000 shares of Alphabet, increasing his stake […]
Losses in Euro markets to close near daily lows
With significant losses in cases and nervousness that intensified mainly in Germany after the Wall opened lower, the indices of the Old Continent completed the first trades of the week. In particular, the pan-European index closed at 414.9 points with -0.5%, under pressure from the automotive sector which fell by 2.7% while the defense-related utilities […]
