- PA Media: Sport
Elsewhere, Lens ended their long wait for a derby win over Lille.
Shares of China-based electric vehicle makers, and of Tesla Inc. , took a hit ahead of Monday's open, amid a one-two punch of Li Auto Inc.'s warning of a deliveries miss and worries that real estate developer China Evergrande Group could default this week. Shares of Nio Inc. sank 4.0% toward a four-month low, Xpeng Inc. slid 4.4% and Li Auto shed 5.7%. Tesla's stock slumped 2.8%, putting them on track to snap a four-day win streak. Tesla recorded $5.90 billion in revenue from China in the first
- FX Empire
While it’s a quieter week ahead on the economic calendar, it’s a big week for the global financial markets, with the FED in action.
Advisors should keep an eye on credit-default swaps to gauge the risk of broader market impact from Evergrande’s debt woes. Looking at CDS for HSBC is one good proxy for estimating contagion. For investors, the weather has turned ominous.
Sep.19 -- Tony Tse, Asia executive managing director at TMX Group Ltd., the owner of Canada’s biggest stock exchanges, discusses the Montreal Exchange extending its trading hours to Asia Pacific, the expectations of flows into the exchange and what he thinks the appeal would be for the market. He speaks on “Bloomberg Markets: China Open.”
Analyst ratings measure the expected performance of a stock during a given time period. Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders. In general, analysts arrive at stock ratings after they research companies’ public financial statements, communicate with executives and customers and interact with companies in other ways. Amid another busy week of trading, here’s the latest analyst ratings and updates for
(Bloomberg) -- Short-sellers have driven big losses in the favorite stocks of South Korean retail investors this month, piggybacking on a campaign by local regulators to rein in the power of Kakao Corp. and other internet giants.Kakao, the operator of Korea’s most-used messenger app, is the most-shorted stock in September as lawmakers voiced concerns over its market dominance -- a move that has drawn comparisons with China’s crackdowns. It has plunged more than 20%, losing $14 billion in market
- Yahoo Finance
Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.
(Bloomberg) -- Welcome to the ETF Weekender, your round-up of the biggest and most interesting stories from one of hottest corners of global markets.In this week’s edition: A new proposal threatens the tax advantage that helped fuel the U.S. ETF industry, two asset managers mull a mega-merger, and passive vehicles lose ground in the stock market. These are the stories you need to read.Tax Threat to MillionsWhat happened: The chair of the Senate Finance Committee has put forward a plan that would
- Investor's Business Daily
Cryptocurrency exchange Coinbase debuted on April 14, but is sharply off its post-IPO highs. Is Coinbase stock a buy or sell in the current stock market rally?
Shares of Li Auto Inc. dropped 3.8% in premarket trading Monday, after the China-based electric vehicle maker cut its outlook for third-quarter deliveries, citing the slower-than-expected recovery in the supply of semiconductors. The company now expects third-quarter deliveries of about 24,500 vehicles, down from previous guidance of 25,000 to 26,000 vehicles. "Due to the COVID-19 pandemic in Malaysia, the production of chips dedicated for the Company's millimeter-wave radar supplier has been se
- The Wall Street Journal
Possible offering comes amid surging demand for web hosting and other cloud services after the pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.
Learn a simple forex trading strategy that uses multiple moving averages (MAs) and is designed to create low-risk, high-reward trading opportunities.
The so-called Index Effect — a stock’s rise or fall when it’s added or deleted from an index — is no longer a free lunch on Wall Street. Ray Dalio disputed Cathie Wood’s view that bitcoin will rise tenfold in five years, saying that diversification is important.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Short-Covering Over $1757.40, More Selling Under $1738.60
The short-term direction of December Comex gold futures is likely to be determined by trader reaction to the retracement zone at $1757.40 to $1738.60.
Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that recent actions were taken to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security, the report http://joker012.xyz.bloom.bg/39iLhKH said, citing people familiar with the matter. The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the People's Bank of China, and executives from Goldman Sachs Group Inc , Citadel and other Wall Street powerhouses, Bloomberg reported.
(Bloomberg) -- Agricultural commodities are among those feeling the pinch from the strengthening U.S. currency. Arabica coffee slipped to its lowest intraday level since Aug. 24, while raw sugar and cocoa traded traded in New York also declined. “All commodities are under pressure today because of an appreciating dollar,” said Carsten Fritsch, a senior commodity analyst at Commerzbank AG. “Soft commodities are no exception here.” The U.S. Federal Reserve is set to begin two days of meetings star
Sep.20 -- Top Glove MD Lee Kim Meow says he is confident that the demand for gloves will continue to be strong, on the return of customer orders from Africa, Middle East, Vietnam, Thailand, China and the U.S.. He was speaking with Yvonne Man, David Ingles and Rishaad Salamat on "Bloomberg Markets: Asia."
Wall Street's main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus. The banking sub-index shed 2.9%, tracking U.S. Treasury yields as investors flocked to the safety of bonds on worries about the default of Chinese property developer Evergrande. Heavyweight technology-related stocks Microsoft Corp, Google-owner Alphabet Inc, Amazon.com Inc, Apple Inc and Tesla Inc, which tend to perform better during economic uncertainty, were down between 0.6% and 2.8%.
- FX Empire
There is a bit of support for safe haven currency from the expectation of imminent Fed asset purchase cuts in addition to caution as equity markets begin to sway. Everyone is watching for the Fed to signal its tapering intentions