Voila! We are excited to share with you our inaugural newsletter, ‘Opening Bell’, and that the launch of our app is not far away either.
‘Opening Bell’ will greet you every morning - Monday to Friday - with the global market round-up and prep you up for what lies ahead in the markets.
The launch of our app is fast approaching and the Researchfin.ai team appreciates your patience. You have steadfastly stood by us, and it has been precisely because of that trust that we have been working tirelessly to bring out the best.
We promise that the wait will be worth every bit.
Dollar Gallops, Commodities Tumble!
Juneteenth is a holiday now, rejoice! The markets will open today though, let’s get to work.
Wednesday’s Federal Reserve FOMC meet signalled an early rise in interest rates with an acknowledgement of Inflation rates not being transitory, after all. The $120 Billion bond buying program remained unchanged though.
4 million people quit their jobs in April, the highest number in around 20 years. Reasons vary, but everyone is looking for greener pastures!
And did you follow the Coca Cola fiasco? Two bottles cost the company $4Billion!
Ok! We know you know how the US markets performed on Thursday but a little recap here. Nasdaq closed within striking distance of a record high while S&P closed on a rather flat note.
S&P 500:4222-1.84(-0.04%)▼
NASDAQ: 14161 121.6(0.87%)▲
Dow Jones:33823-210.2(-0.62%)▼
Technology (1.2%▲) made decent gains, followed by Health Care (0.8%▲) and Utilities (0.6%▲). The losses in Energy (-3.4%▼), Financials (-3.0%▼) and Materials (-2.2%▼) were severer than the gains made in some sectors.
Sunrun (RUN, 9.3▲), the residential solar developer driven by an increasing demand for clean energy, rallies after Morgan Stanley hikes price target. RUN’s relative volume was 3.4.
Wells Fargo & Company (WFC, -6.10%▼), American International Group Inc (AIG, -5.6%▼) and Metlife Inc (MET, -5.43%▼) all from the Financial Service sector witnessed heavy losses following indications of tightening monetary policy in the country.
The European markets look set for a muted Friday as a 0.1% slip in the mining index, early morning, brought weekly declines to 5%. Besides, in the UK retail sales for May have fallen 1.4% month on month. In Germany May’s Producer Price Index has risen by 1.5% month on month against an expected 0.7%.
FTSE: 7098 -55.0 (-0.77%)▼
CAC: 6658 -8.12 (-0.12%)▼
DAX: 15659 -68.0 (-0.44%)▼
*As of 7am ET
The Asian Markets are still jittery after the FOMC meet. Following a positive start, most of the markets again slipped, Shanghai included, where authorities have hit out at “speculators and hoarders”.
Hang Seng: 28732 73.6 (0.61% )▲
NIKKEI: 8964 -54.2 (-0.19%)▼
Shanghai: 3514 -4.4 (-0.13%)▼
Sensex: 51900 -432.2 (-0.81%)▼
The United States Dollar raced higher! The index was up 0.53%, at 91.89, highest since mid-April following a 1% gain on Wednesday, its largest daily gain percentage since March 2020.
Euro / $: 1.19 4.0p (0.03%)▲
GBP / $: 1.38 1.0p (0.007%)▲
CNY / $: 6.766-72.0p (-0.10%)▼
JPY / $: 110.0 -26.0p (-0.24%)▼
Earnings:
Adobe Inc (ADBE, 1.4%▲), on Thursday, reported an EPS of $3.03 on a revenue of $3.84 Billion beating estimates. The share has risen 10% YTD. Gained 1.3% in after hours of the earnings report.
Commercial Metals Company (CMC, -3.8%▼) reported an earning per share of $1.04 over a revenue of 1.84 Billion against the expected $0.83 on a revenue of $1.71 Billion.
The concerns around soaring Commodity prices have eased, following a slew of measures by Chinese regulatory authorities-including release of reserves of key metals and a crackdown on ‘speculators and hoarders’, who they blame for a spike in commodity prices.
Lumber: $904.9 -63.0 (-6.51%) ▼
Copper : $4.18 -0.20 (-4.68%) ▼
Iron Ore: $214.6 1.16 (0.54%)▲
Crude Oil: $72.5 -0.49 (-0.67%) ▼
UStreasury yields ebbed lower as investors still shake off Fed’s sudden hawkish outlook.
10 yr US Gov: 1.48% (-2.26%)▼
10 yr UK Gov:0.76% (-2.19%)▼
10 yr Euro zone: -0.21% (0.16%)▲
Cryptocurrency updates:
BTC: $37654 -4.07%▼
ETH: $2335 -4.69%▼
BCH: $593 -3.87%▼
LTC: $165 -4.52%▼
Our very first Newsletter comes to an end here. Hope you did enjoy going through it and if you did, we would love to see you sharing this over Twitter, Linkedin, Facebook or wherever is your comfortable online space.
See you on Monday!
Warm Regards
Team Researchfin.ai
Disclaimer: Researchfin.ai Opening Bell newsletter reflects the opinions of only the authors who are associated persons of Researchfin.ai and do not reflect the views of Researchfin LLC or any of its subsidiaries. They are meant for informational purposes only, and are not intended to serve as investment advice or investment recommendation to buy or sell any security. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Researchfin LLC or any of their subsidiaries. All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns.
Dollar Gallops, Commodities Tumble!
Voila! We are excited to share with you our inaugural newsletter, ‘Opening Bell’, and that the launch of our app is not far away either.
‘Opening Bell’ will greet you every morning - Monday to Friday - with the global market round-up and prep you up for what lies ahead in the markets.
The launch of our app is fast approaching and the Researchfin.ai team appreciates your patience. You have steadfastly stood by us, and it has been precisely because of that trust that we have been working tirelessly to bring out the best.
We promise that the wait will be worth every bit.
Dollar Gallops, Commodities Tumble!
Juneteenth is a holiday now, rejoice! The markets will open today though, let’s get to work.
Wednesday’s Federal Reserve FOMC meet signalled an early rise in interest rates with an acknowledgement of Inflation rates not being transitory, after all. The $120 Billion bond buying program remained unchanged though.
4 million people quit their jobs in April, the highest number in around 20 years. Reasons vary, but everyone is looking for greener pastures!
And did you follow the Coca Cola fiasco? Two bottles cost the company $4Billion!
Ok! We know you know how the US markets performed on Thursday but a little recap here. Nasdaq closed within striking distance of a record high while S&P closed on a rather flat note.
NASDAQ: 14161 121.6(0.87%)▲Dow Jones: 33823 -210.2(-0.62%)▼Technology (1.2%▲) made decent gains, followed by Health Care (0.8%▲) and Utilities (0.6%▲). The losses in Energy (-3.4%▼), Financials (-3.0%▼) and Materials (-2.2%▼) were severer than the gains made in some sectors.
Sunrun (RUN, 9.3▲), the residential solar developer driven by an increasing demand for clean energy, rallies after Morgan Stanley hikes price target. RUN’s relative volume was 3.4.
Wells Fargo & Company (WFC, -6.10%▼), American International Group Inc (AIG, -5.6%▼) and Metlife Inc (MET, -5.43%▼) all from the Financial Service sector witnessed heavy losses following indications of tightening monetary policy in the country.
The European markets look set for a muted Friday as a 0.1% slip in the mining index, early morning, brought weekly declines to 5%. Besides, in the UK retail sales for May have fallen 1.4% month on month. In Germany May’s Producer Price Index has risen by 1.5% month on month against an expected 0.7%.
FTSE: 7098 -55.0 (-0.77%)▼CAC: 6658 -8.12 (-0.12%)▼DAX: 15659 -68.0 (-0.44%)▼*As of 7am ET
The Asian Markets are still jittery after the FOMC meet. Following a positive start, most of the markets again slipped, Shanghai included, where authorities have hit out at “speculators and hoarders”.
Hang Seng: 28732 73.6 (0.61% )▲NIKKEI: 8964 -54.2 (-0.19%)▼Shanghai: 3514 -4.4 (-0.13%)▼Sensex: 51900 -432.2 (-0.81%)▼The United States Dollar raced higher! The index was up 0.53%, at 91.89, highest since mid-April following a 1% gain on Wednesday, its largest daily gain percentage since March 2020.
Euro / $: 1.19 4.0p (0.03%)▲GBP / $: 1.38 1.0p (0.007%)▲CNY / $: 6.766 -72.0p (-0.10%)▼JPY / $: 110.0 -26.0p (-0.24%)▼Earnings:
Adobe Inc (ADBE, 1.4%▲), on Thursday, reported an EPS of $3.03 on a revenue of $3.84 Billion beating estimates. The share has risen 10% YTD. Gained 1.3% in after hours of the earnings report.
Commercial Metals Company (CMC, -3.8%▼) reported an earning per share of $1.04 over a revenue of 1.84 Billion against the expected $0.83 on a revenue of $1.71 Billion.
The concerns around soaring Commodity prices have eased, following a slew of measures by Chinese regulatory authorities-including release of reserves of key metals and a crackdown on ‘speculators and hoarders’, who they blame for a spike in commodity prices.
Lumber: $904.9 -63.0 (-6.51%) ▼Copper : $4.18 -0.20 (-4.68%) ▼Iron Ore: $214.6 1.16 (0.54%)▲Crude Oil: $72.5 -0.49 (-0.67%) ▼US treasury yields ebbed lower as investors still shake off Fed’s sudden hawkish outlook.
10 yr US Gov: 1.48% (-2.26%)▼10 yr UK Gov: 0.76% (-2.19%)▼10 yr Euro zone: -0.21% (0.16%)▲Cryptocurrency updates:
BTC: $37654 -4.07%▼ETH: $2335 -4.69%▼BCH: $593 -3.87%▼LTC: $165 -4.52%▼Our very first Newsletter comes to an end here. Hope you did enjoy going through it and if you did, we would love to see you sharing this over Twitter, Linkedin, Facebook or wherever is your comfortable online space.
See you on Monday!
Warm Regards
Team Researchfin.ai
Disclaimer: Researchfin.ai Opening Bell newsletter reflects the opinions of only the authors who are associated persons of Researchfin.ai and do not reflect the views of Researchfin LLC or any of its subsidiaries. They are meant for informational purposes only, and are not intended to serve as investment advice or investment recommendation to buy or sell any security. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Researchfin LLC or any of their subsidiaries. All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns.