Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
** Photoshop maker Adobe ADBE.O forecast Q4 earnings below analysts' estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions
** Median PT of 39 brokerages covering the stock is $637.50 - LSEG
FUNDAMENTALS REMAIN STRONG
** Bernstein ("outperform", PT: $644) says while one-off factors can explain ADBE's weaker Q4 forecast, company's business remains fundamentally strong and is in good seat to monetize AI
** J.P.Morgan ("overweight," PT: $580) says it continues to lean favorably on Adobe fundamentals with its fairly durable growth rates, incremental AI monetization opportunities, and largely favorable customer and partner checks
** D.A. Davidson ("buy," PT: $685): "Over the longer term user and usage trends present monetization opportunities that we believe are undervalued by investors"
** Jefferies ("buy," PT: $700) believes FY25 could be the year of monetization as it expects to see usage limits enforced and as ADBE expects to charge for video generative AI shortly after general availability
(Reporting by Reshma Rockie George in Bengaluru)
Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major index futures are little changed in early trading. Tidings from the tech sector has been mixed, potentially triggering caution amid the week’s runup.
A consumer sentiment report with a few forward inflation expectations readings could be on traders’ radar. Some profit-taking can not be ruled out as traders digest the week’s big gains.
Looking ahead to the Fed meeting, fund manager Louis Navellier said, “The Fed cut on Wednesday is the big news of the month.” “There may be some repositioning going in, but most of the action will come afterward, especially if there is a surprise 50bps cut,” he added.
Futures | Performance (+/-) |
Nasdaq 100 | +0.08% |
S&P 500 | +0.21% |
Dow | +0.18% |
R2K | +0.87% |
In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE: SPY gained 0.25% to $560.48 and the Invesco QQQ ETF rose 0.15% to $473.95, according to Benzinga Pro data.
Cues From Last Session:
Wall Street advanced on Thursday, thanks to a second-half recovery after stocks initially showed muted reaction to the fairly in-line August producer price inflation report and the weekly jobless claims data. After opening slightly higher, the major indices moved back and forth across the unchanged line in a narrow range in the morning session.
Sustained buying in technology stocks, especially those from the communications sector, and the rebound by energy stocks lifted the indices higher in the afternoon. The S&P 500 and the Nasdaq Composite indices closed higher for a fourth straight session, both ending at their highest level since Aug. 27.
The 30-stock, blue-chip Dow Industrials Average has advanced for a second straight day, ending at its best level in September.
Small-caps outperformed, potentially getting ahead of the curve, as the market awaits a Fed rate cut.
All 11 S&P 500 sectors finished in the green, with communication services, consumer discretionary and energy stocks pacing the gains.
Index | Performance (+/) | Value |
Nasdaq Composite | +1.00% | 17,569.68 |
S&P 500 Index | +0.75% | 5,595.76 |
Dow Industrials | +0.58% | 41,096.77 |
Russell 2000 | +1.22% | 2,129.43 |
With a session to go, the S&P 500 is up about 3.5% for the week, and the Nasdaq Composite a steeper 5.3%. The indices remain on track to rebound from the sharp pullback seen in the week ended Sept. 6.
Insights From Analysts:
Morgan Stanley Chief Investment Officer Lisa Shalett warns against investors hoping for steeper and more rapid rate cuts. The strategist said the Fed will likely be able to achieve the widely hoped-for “soft landing” of not-too-fast and not-too-slow economic growth and subdued inflation. “This scenario likely calls for slow and shallow rate reductions, in quarter-point increments toward 3.5% by the end of 2025,” she said, adding that this could disappoint investors hoping for deeper and faster cuts that could take the Fed funds rate below 3% by the end of the year.
Shalett said the recent labor, economic and financial-market signals have been mixed, warranting cautious optimism from investors. She recommended investors consider owning the equal-weighted version of the index as a better risk-adjusted exposure than the cap-weighted version, and also find compelling trends in financials, industrials, energy, materials and healthcare, plus certain parts of technology like software, and more defensive ideas in residential real-estate investment trusts and utilities.
See also: Best Futures Trading Software
Upcoming Economic Data:
Stocks In Focus:
Commodities, Bonds And Global Equity Markets:
Crude oil futures saw additional strength in the early U.S. session, positioning the commodity to record gains for a fourth straight session. Black gold is inching toward the psychological barrier of $70 a barrel. It remains on track to snap a streak of third straight weekly declines, as Hurricane Francine disrupted oil production in the U.S. Gulf Coast.
After scaling the $2,600 intraday Thursday and settling off the highs, gold futures headed higher yet again Friday.
Bitcoin traded flattish but held above the $58K level as traders looked ahead to next week’s Fed meeting.
The yield on the 10-year Treasury note slid 3.4 basis points to 3.646%.
Most major Asian markets, save the Japanese, Chinese and Indian markets, closed higher on Friday, tracking the buoyancy on Wall Street overnight. The Japanese market continued to suffer from the yen’s strength, given the key Nikkei 225 average is heavily weighted with export stocks.
European stocks extended their gains, with most major averages in the region firmer in early trading. The European Central Bank on Thursday cut rates, in line with expectations, as growth sags. The central bank also reduced its growth forecast for the region.
Read Next:
Image Created Using Midjourney
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.