December 7, 2024

Westside People

Complete News World

Stock futures flat after 400-point rise in Dow Jones

Stock futures flat after 400-point rise in Dow Jones

European markets are moving up. Expect a big Bank of England rise

European shares rose slightly on Thursday, building on the gains made in the previous session.

pan europe Stokes 600 It rose 0.3% in early trade. Retail stocks were the best performers, up 2.5%, while telecoms companies fell 0.4%.

United kingdom FTSE Silent Thursday morning with market tension before Bank of EnglandThe next monetary policy decision. It is widely expected that the central bank Raising interest rates by 50 basis pointsthe largest single increase since 1995.

– Elliot Smith

Alibaba shares in Hong Kong rose 4% before earnings

Ali Baba It is due to report first-quarter financial earnings before the market opens and analysts expect the Chinese e-commerce giant to do so Having recorded its first ever drop in revenue.

Alibaba is expected to report 203.19 billion yuan ($30 billion) in revenue for the June quarter, down 1.2% from a year ago, according to consensus forecasts from Refinitiv.

Alibaba has faced a number of headwinds, from a tighter regulatory environment in China to the resurgence of Covid in the world’s second-largest economy leading to the shutdown of major cities. These factors have weighed on the Chinese economy, leading to a decline in advertising budgets and consumer spending, which is likely to affect Alibaba’s June quarter results.

However, analysts expect the company to return to growth in the coming quarters. Alibaba’s Hong Kong-listed shares rose more than 4% before earnings.

– Arjun Kharbal

Jim Kramer says the charts are pointing to a rally in gold

CNBC’s Jim Cramer said: Now is the time to buy gold The signals are pointing up, according to an analysis by commodity trader Larry Williams.

See also  Fed review pins blame failure of SVB on rule changes under Donald Trump

The “money madThe host explained Williams’ analysis by looking at the weekly movement of gold from 2014 and data on the status of small gold speculators from the Commitments of Traders Report from the Commodity Futures Trading Commission.

Gold prices usually peak shortly after the petty speculators rally for the precious metal, and reach their lowest levels when the petit speculators are bearish, according to Williams.

“The graphs, as interpreted by legendary Larry Williams, indicate that the general public is giving up gold en masse and believes that this makes it the ideal entry time to make some buying,” Cramer said.

Abigail Ng, Crystal Hor

Here’s how to invest for returns to beat a bad year for stocks and bonds – according to the professionals

Stocks are volatile, and bonds have not done better for most of this year, with investment-grade US bonds lowering in 2022.

But analysts have been bullish lately on income investing as returns are starting to rise again.

Here are some of the ways the professionals suggest that investors can position their portfolios to diversify and protect against market volatility as well as seek higher returns as inflation continues to rise. Professional subscribers can read the story here.

– Weezin Tan

The fall of the shares of Fortinet

Walmart Objects laid off, about a week after it warned about profits

Owns Walmart I started laying off the company’s employees After about a week of the retail giant It lowered its earnings forecast He warned of a decline in consumer consumer spending due to inflation. The company described the layoffs as a way “to better position the company for a strong future,” in a statement to CNBC. Shares are down less than 1% after hours.

– Tanaya Michel

Lucid shares falter about 12%

Shares in the luxury electric car maker Lucid Group 11.7% in extended trading after the company Reducing production targets for the whole year The second time to 6000. The original forecast was 20,000. The company also posted a quarterly loss of 33 cents a share.

– Tanaya Michel