US Dollar Dips on Chinese Data, Riskier Currencies Soar
US dollar fell sharply on Monday after news that Chinese gross domestic product grew 4.9% in the third quarter, driven by robust industrial and retail sales growth. Asian currencies soared after the reports of acceleration in the Chinese economy.
Apple stock fail to make gains on iPhone 12 launch, analysts praises pricing
Apple stock price failed to generate an upside momentum despite launching closely watched 5G iPhone 12 event last week. The share of the largest tech company plunged from $125 to $119 a share since it has launched a series of new 5G phones.
European Stocks Tumble on French Restrictions, US Stocks Falls
European stocks reported hefty losses on Thursday and extended the downside in Friday trading amid the threat of a second coronavirus wave in the region.
United Airlines CEO is Confident on Recovery, Analysts See Buying Opportunity
United Airlines missed third-quarter revenue and earnings estimates, with a 78% year over year decline in revenues. The shares of the largest US airline are down almost 60% in the past twelve months as the coronavirus pandemic has devastated the passenger carrier’s fundamentals.
European Stocks are Mostly Lower, US Stocks Extends Losses
European stocks reported losses in Thursday trading amid setbacks in politics, earnings, and the pandemic. Although the selling pressure is not strong, the major market indices are trading in negative territory for the second consecutive day.
Nio Stock Jump 22% on Upgrades, Shares Up 1285%
Nio stock price soared almost 22% after JP Morgan upgraded the price target to $40 a share with an overweight rating as the firm expects Nio to be the biggest long-term winner in the premium space. The demand for electric vehicles and the external battery has been growing at a robust pace in China.
US dollar Steady Despite Fading Stimulus Hopes, Equity and Gold Bounce Back
US dollar bounced back sharply as it’s clear that no stimulus is possible ahead of the election. The deadlock between both parties’ enhanced investors focus on the safe-haven assets and dropped the confidence in risker assets including stocks and European currency.
Apple Stock Falls on Piper Survey Despite iPhone Event
The world’s largest tech company has introduced a $99 HomePod Mini in white and space gray color and new 5G supported iPhones including a 6.1-inch iPhone 12 and mini 5.4 inches iPhone 12. The company has also launched the iPhone 12 Pro (6.1-inch) and Pro Max (6.7-inch) with 128GB of storage.
Apple Stock is Shining Ahead of 5G iPhone Event
Apple stock price extended the upside momentum in Tuesday trading after reporting more than 6% gain on Monday ahead of the Apple’s 5G iPhone launch today. Apple has delayed the launch of the 5G smartphone from its original date because of the coronavirus pandemic.
European Stocks Flying Higher After Two Straight Weeks of Gains
European stocks have started the week with gains as hopes over the US stimulus program rose once again after President Donald Trump stated that talks are going well with Democrats.
GameStop Stock Retreats amid a Tug of War between Bulls and Bears
GameStop stock price fell sharply on Friday after generating massive gains early in the week. The shares of video gaming company are up more than 60% in the last month alone, accelerating the twelve months gains to 140%. Its partnership with Microsoft is the biggest factor behind the gains.
European Stock Markets Rally, Oil Stocks are Shining
European stock markets reported hefty gains after making big losses early this week as traders sentiments shifted towards stimulus program. In addition, the robust growth in oil prices helped the energy sector to lead the gains. Oil prices jumped on slowing supplies.