Written by Gary
Stocks trade on either side of the break-even this morning (SPY -0.05% flat). Fed comes into focus, dollar at two-month high and earnings reports throughout the week.
Here is the current market situation from CNN Money | |
![]() | European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 1.83% while France’s CAC 40 is up 0.17% and Germany’s DAX is up 0.10%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
![]() | LSE’s $27 billion Refinitiv takeover plan lifts its shares to recordLondon Stock Exchange shares rose more than 15% to a record high on Monday after it said it was in talks to buy financial data firm Refinitiv, in a deal worth $27 billion including debt. |
![]() | Amazon plans imminent launch of online food delivery service in India: sourcesAmazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market. |
![]() | Futures flat as Fed policy meeting loomsU.S. stock markets were set to open just off record highs on Monday, pausing at the start of a week set to be dominated by Wednesday’s statement by the Federal Reserve and a round of tech company earnings that will again test the impact of trade concerns on global growth. |
![]() | Heineken’s beer boost offset by higher aluminum costsHeineken NV on Monday missed estimates for first-half profits, as higher packaging costs offset increased beer sales, but the world’s second-largest brewer stuck with its full-year profit growth forecast. |
![]() | Shares steady as Fed comes into focus; dollar at two-month highGlobal shares steadied on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals more cuts will follow. |
![]() | Mylan to combine with Pfizer’s off-patent medicines unitPfizer Inc will separate its off-patent drugs business and merge it with Mylan , the two companies confirmed on Monday, bringing blockbuster treatments Viagra, EpiPen and Lipitor under one umbrella. |
![]() | Exact Sciences to buy Genomic Health for $2.8 billionCancer diagnostics company Exact Sciences Corp said on Monday it will buy healthcare company Genomic Health Inc for about $2.8 billion to bolster its cancer testing business. |
![]() | Oil loses ground on pessimism over U.S.-China trade talksOil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude. |
![]() | Pfizer posts 30% rise in quarterly profitPfizer Inc on Monday reported a 30% rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, Eliquis and Xeljanz. |
![]() | Trader Warns “The Fed Is Poised To Make Its Latest Policy Error”Authored by Richard Breslow via Bloomberg, The Fed Is Busy Fighting Yesterday’s Battles It’s a busy week ahead, and, I guess, only one thing matters. The Fed is poised to make its latest policy error. |
![]() | Trump Slams Fed, “King Elijah” & “Conman” Al Sharpton In Furious Twitter RantWith one day left until the FOMC begins its two-day monetary policy meeting – said to be the most important policy meeting since the days that immediately followed the financial crisis – President Trump once again slammed the Fed in a tweet, echoing a criticism that he has repeatedly used over the past few weeks. |
![]() | Markets Coiled Ahead Of “Most Important Week Of The Year”For what has been widely accepted as “the most important week for markets of 2019”, the market sure is taking its time to get excited, with overnight volumes subdued and global shares easing modestly on Monday with US equity futures hugging the unchanged line as the dollar shit a two-month high against a basket of currencies as markets began the 2-day countdown to a guaranteed rate cut in the US on Wednesday, with much riding on whether the Federal Reserve cuts 25 or 50bps and signals more cuts are to come. |
![]() | Blain: “The Fed Is Prepared To Pander To Trump And The Stock Market”Blain’s Morning Porridge, submitted by Bill Blain of Shard Capital
The UK is a curious place. Boris Johnson’s feel-good drive and the numerous plots being arrayed against him, received rather less attention over the weekend than the Minister for the 18th Century’s rather ponderous style guide. Jacob Rees-Mogg, Esquire, has banned a host of words, outlawed clichés, demands double spaces after full-stops, insisted on imperial measure (Kilometers, Kilos and grams are banned), and has made the incorrect use of apostrophes a capital offence. Readers will know my grasp of punctuation, spelling and grammar is nebulous at best – so if I disappear suddenly you can assume the Extreme Grammar-Nazi wing of the Conservative Party has got me! Back in the real world, this week is largely about tomorrow. Worry not about what’s going on in Hong Kong, the Gulf, or even how bad European economic data might be. The only real question is what will the US Federal Reserve do? It’s not a question of will they ease rates, but by how much- 20% change they may go for 50 bp! Perhaps the question should be – why ease rates at all? It may be the depths of a thin summer, but a 25 bp cut will be enough to please the market. The economy won’t change because of a quarter point reduction in ridiculously low rates, but stocks will rally and the market will be properly ecstatic! Donald Trump will tweet to his followers about what a great job he’s doing and how its confirmed by the strength of the stock market. That is a sh*t r … |
![]() | More skeletons tumble out, Kochhar’s ordeal to get tougherMore skeletons tumble out, Kochhar’s ordeal to get tougherDhoot and Kochhars have been questioned multiple times by various central investigation agencies. |
![]() | Reality dawns, govt trims its Harvard listReality dawns, govt trims its Harvard listThe new list had put that government in a fix as it had planned and secured approval for only 20 institutes. |
![]() | Will growth fall from heaven, Bajaj asks GovtWill growth fall from heaven, Bajaj asks Govt”Like any government they would like to show a happy face, but reality is reality,” Bajaj said. |
![]() | Earnings Watch: The earnings menu: Beyond Meat, Apple and a big bag of chipsBeyond Meat Inc. will be the appetizer for the coming week of earnings reports, with Apple Inc. as the main course and Big Oil serving as a dessert. |
![]() | Futures Movers: Oil prices struggle to gain altitude as investors weigh world’s ability to absorb crudeOil futures head lower Monday as crude investors weigh the health of the global economy and its impact on energy uptake. |
![]() | Market Snapshot: Stock futures edge higher ahead of packed week of Fed decision, jobs report and tariff talksStocks trade on either side of the break-even on Monday, in a week that could prove decisive for Wall Street, with a Federal Reserve decision, jobs report and developments in China-U.S. tariff negotiations coming into focus. |
Earnings Summary for Today
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