Are Nasdaq stocks in a bull market? A history of head fakes says slow your roll

Are Nasdaq stocks in a bull market?  A history of head fakes says slow your roll

Before passing out cigars in celebration of the birth of a baby bull market for the Nasdaq Composite, investors might want to take a look back at history. Sure, the tech-heavy gauge ended Wednesday up 20.8% from its 2022 closing low of 10,646.10 set on June 16. A rise of 20% from a recent low … Read more

Markets have been extrapolating from one release to the next. Here are bargain stocks that build long-term returns, say these fund managers

Markets have been extrapolating from one release to the next.  Here are bargain stocks that build long-term returns, say these fund managers

Wow, that was a shocker: US consumer price growth slowed to 0% in July, the Labor Department reported on Wednesday. Core price growth slowed to 0.3%, which was below forecast. Over the last 12 months, prices have gained 8.5%, also coming in below forecast. The soft reading seems to justify the 13% rally in the … Read more

Aluminum foundry fights for survival in the European gas crisis

Aluminum foundry fights for survival in the European gas crisis

Family-owned aluminum foundry trials new shift pattern Plan to maintain production and reduce gas usage Carmakers warn output cuts inevitable if suppliers close New gas-free technologies will take years to scale up Suppliers need more help to innovate, industry says SOLTAU, Germany, Aug 9 (Reuters) – Shouting over the clanging of machinery, Gerd Roeders is … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in September “reasonable” Oil stabilizes after hitting a six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and … Read more

Toyota unit falsified emissions data from at least 2003, evidence finds

Toyota unit falsified emissions data from at least 2003, evidence finds

Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its R&D Center at Hino in Tokyo, Japan July 17, 2018. REUTERS/Naomi Tajitsu/File Photo Register now for FREE unlimited access to Reuters.com Register Committee publishes report on false data scandal at Hino Says engineers didn’t feel able … Read more

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year has already exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity quant Marko Kolanovic. While more Wall Street … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

BASF prepares more ammonia production cuts in gas supply crunch

BASF prepares more ammonia production cuts in gas supply crunch

A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register BASF cut ammonia output in September, now reducing it further Yara’s ammonia output across Europe is 27% below capacity SKW, Ineos say monitoring situation closely FRANKFURT, July … Read more

Will the Federal Reserve kill the stock-market bounce?

Will the Federal Reserve kill the stock-market bounce?

A summer rebound is stirring hopes the bear market in US stocks has seen its lows, but a meeting of Federal Reserve policy makers this coming week might test the nerves of would-be bulls. “I expect we will continue to see market volatility until investors have seen more convincing evidence that this period of Fed … Read more

Germany hands $15 billion bailout to Uniper after Russian gas hit

Germany hands  billion bailout to Uniper after Russian gas hit

Government to take 30% stake in Uniper Uniper risked collapse due to dwindling supplies, high prices Uniper can pass on higher gas costs to consumers Uniper shares plunge to record low Scholz promises help to households to offset rising energy bills FRANKFURT/HELSINKI/BERLIN, July 22 (Reuters) – The German government stepped in to rescue Uniper (UN01.DE) … Read more