FTSE 100, S&P 500 and Nikkei 225 all Fall Sharply
Global indices have seen a wave of selling, led by tech stocks, with the S&P 500 finally bringing an end to its streak without a 2% daily drop.
Retail Trader Sentiment Analysis – Gold, Silver, and US Oil Latest
Analyse market sentiment, positioning data, price action, and technical indicators to assess current bullish or bearish trends.
Teslas Bleak Margins Sink Shares as Musk Hypes Everything but Cars
Shares slump 12 after disappointing results EV deliveries down for second straight quarter Auto margins decline on competition July 24 Reuters Tesla shares tumbled 12 on Wednesday, evaporating almost 100 billion in stock market value after CEO Elon Musk39;s talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker39;s shrinking profit […]
GBP Gains on EUR after Mixed Activity Data, Tumbles on JPY
LONDON, July 24 Reuters Sterling gained on the euro on Wednesday after a survey showed British business activity this month was stronger than in euro zone economies, while it held steady on the dollar and tumbled against a rebounding Japanese yen. The euro was last down 0.1 on the pound at 84.04 pence not far […]
US new Home Sales Fall to SevenMonth Low in June
WASHINGTON, July 24 Reuters Sales of new U.S. singlefamily homes fell to a sevenmonth low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery faltered in the second quarter. New home sales slipped 0.6 to a seasonally adjusted annual rate of 617,000 units last month, the […]
German Consumer Sentiment Recovers Significantly in August, Finds GfK
BERLIN, July 24 Reuters German consumer sentiment is set to recover significantly heading into August as households39; income expectations hit their highest point in over two years due to slightly lower inflation and noticeable wage increases, a survey showed on Wednesday. The consumer sentiment index, published jointly by GfK and the Nuremberg Institute for Market […]
Rheinmetalls Profit Doubles as Defence Spending Surges
Confirms 2024 sales, earnings forecast Receives order for ammunition factory in Ukraine Shares up 2.4 after results BERLIN, July 24 Reuters German arms manufacturer Rheinmetall more than doubled operating profit in the second quarter, driven by a surge in defence spending as a result of Russia39;s invasion of Ukraine. The company has been one of the […]
UniCredit Eyes 2025 Targets to Cut Russia Exposure
Sets 2025 targets to reduce Russia presence, but no full exit Books charges after court seizure, partly offset by writebacks Awaiting clarifications from ECB over Russia exit demands Determined not to take unnecessary risks by complying with ECB MILAN, July 24 Reuters Italian bank UniCredit said it aims to more than halve loans at its Russian […]
Alphabet Falls as Margin Fears, YouTube Slowdown Eclipse AI Boost
July 24 Reuters Alphabet fell more than 3 on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough competition for ad dollars. The Google parent39;s capital expenditure rose more than expected in the second quarter to 13.2 billion as it invests heavily in infrastructure needed to support […]
Euro Zone Banks See Investment Banking Boost but Outlook Stalls Shares
BNPP, Deutsche, Santander and UniCredit all report Banks beat expectations but concerns about outlook grow Shares fall, led by Deutsche after it axes buyback plan More European banks report this week and next PARISFRANKFURTMILAN, July 24 Reuters The euro zone39;s biggest banks largely beat second quarter earnings expectations on Wednesday, benefiting from stillhigh interest rates […]