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Microsoft Corp (MSFT.O) posted its lowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet (GOOGL.O) reported downbeat ad sales and warned of a slowdown in advertising spending. Shares of ad revenue dependent social media firms Meta Platforms (META.O) fell 4.4%, while Pinterest (PINS.N) dropped 3.9%. ET, Dow e-minis were down 70 points, or 0.22%, S&P 500 e-minis were down 31.75 points, or 0.82%, and Nasdaq 100 e-minis were down 213.5 points, or 1.82%. Kraft Heinz Co (KHC.O) gained 2.5% after the packaged food maker beat third-quarter sales estimates, helped by higher product prices. Reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Nasdaq futures drop over 1% as weak tech earnings fan slowdown fears
▼ + stars: | 2022-10-26 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

Shares of Meta Platforms (META.O) fell 3.9% and Pinterest (PINS.N) 4.1% as they rely on ad revenue. U.S.-listed shares of Spotify Technology dropped 5.7%, as margins came under pressure from a slowdown in ad growth. ET, Dow e-minis were down 37 points, or 0.12%, S&P 500 e-minis were down 27 points, or 0.7%, and Nasdaq 100 e-minis were down 186 points, or 1.59%. A bright spot was Visa Inc (V.N), whose shares rose 1.3% after the payments processor topped quarterly profit estimates on strong travel demand. Reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Markets are anticipating a potential slowdown in the pace of Fed hiking," said Lee Hardman a currency analyst at MUFG. The aggressive pace of Fed tightening has sent the dollar higher. Traders and economists predict another 75 basis point increase next Wednesday, but there is a growing view that it will slow to half a point in December. The benchmark 10-year U.S. Treasury yield continued its descent from last week's multi-year high of 4.338%, and was last down seven basis points at 4.038%. That would be the second consecutive reduction in the size of rate rises after a 100 basis point move in July and 75 basis points last month.

Shares of both companies fell about 7.5% each, dragging down Amazon.com (AMZN.O) and Apple (AAPL.O), which are scheduled to report results later this week. Shares of ad revenue dependent social media firms Meta Platforms (META.O) fell 3.4%, while Pinterest (PINS.N) dropped 1%. Visa Inc (V.N) jumped 5%, boosting the Dow, after the payments processor topped quarterly profit estimates on strong travel demand. Advancing issues outnumbered decliners by a 2.05-to-1 ratio on the NYSE and by a 1.87-to-1 ratio on the Nasdaq. The S&P index recorded 19 new 52-week highs and two new lows, while the Nasdaq recorded 45 new highs and 24 new lows.

☆ Dollar sags as bets build for less hawkish Fed
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +4 min

The dollar wallowed near a three-week low versus major peers on Wednesday as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. The euro also remained near a six-week high, trading less than half a cent from parity with the greenback. The European Central Bank decided policy on Thursday and is widely expected to raise rates by 75 basis points. The dollar reached a 32-year top at 151.94 yen on Friday, but was then beaten back as far as 144.55 amid two bouts of suspected Bank of Japan intervention either side of the weekend. "A further pullback in the U.S. dollar seems to be the Aussie's best chance of sustaining pushes above $0.64.

The tech-heavy Nasdaq (.IXIC) jumped more than 2% in the session as the 10-year Treasury yield hit the day's low of 4.05% before bouncing slightly. 3M (MMM.N), on the other hand, fell 0.4% as it cut its full-year revenue and profit forecasts due to a stronger dollar. Advancing issues outnumbered decliners by a 5.56-to-1 ratio on the NYSE and by a 4.32-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and one new low, while the Nasdaq recorded 61 new highs and 101 new lows. Reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar eases amid bets on less hawkish Fed; sterling firm
▼ + stars: | 2022-10-25 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The yen held firm on the stronger side of 149 per dollar following two consecutive days of suspected Bank of Japan (BOJ) intervention straddling the weekend. Economists polled by Reuters expect the pace of rate increases to slow to 50 basis points in December, matching bets in money markets. At 149.00 yen, the dollar was down from the 32-year high of 151.94 on Friday that appeared to trigger successive bouts of BOJ intervention. Whatever the tactics, we still expect USD/JPY to recover within a few weeks after BOJ intervention ends." The ECB looks set to hike rates by 75 basis points on Thursday to try and rein in red-hot inflation.

MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to open slightly lower versus the dollar on Tuesday after the offshore Chinese yuan tumbled to a lifetime low. The rupee is tipped to open at around 82.74-82.76 per U.S. dollar, compared with 82.6750 on Friday. Meanwhile, the dollar index dipped in Asia trading, adding to is recent losses on bets that the U.S. Federal Reserve will deliver a small rate hike in December. If it were not for yuan, the rupee would have had "had a decent opening" considering the "slightly less" hawkish Fed outlook, a trader at a Mumbai-based bank said. Another fall in India's foreign exchange "is probably another problem" for the rupee, the trader said.

☆ China's yuan tumbles to a new record low amid fears about Xi's third term
▼ + stars: | 2022-10-25 | by ( Laura He | ) edition.cnn.com time to read: +3 min

It then pared losses, trading at 7.33 by 1 pm Hong Kong time. On Monday, Chinese stocks plummeted in Hong Kong and New York, wiping out billions of dollars in their market value. International investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese assets despite the release of stronger-than-expected GDP data. “Foreign investors took action to cut their exposure on Chinese assets,” he said, adding that the Chinese currency was faced with mounting capital outflow pressure. The Chinese yuan, together with other major global currencies, has weakened rapidly against the dollar in recent months.

☆ Excessively cheap stocks that you can buy now, according to Trivariate Research
▼ + stars: | 2022-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Trivariate Research CEO and founder Adam Parker said some stocks are excessively cheap after this year's market turbulence and poised for growth next year. Market participants are dealing with rising inflation, a hawkish Federal Reserve, excessive inventory levels, and elevated earnings estimates. Trivariate Research found stocks that are attractive compared with pre-Covid levels in 2019. Visa is down 11.8% this year, but it could be poised for growth in 2023 as international travel recovers from its pandemic lows. Other stocks included in this list are Booking Holdings , Lam Research and Microchip Technology .

☆ U.S. yields climb as hawkish Fed concerns outweigh weaker economic data
▼ + stars: | 2022-10-24 | by ( Davide Barbuscia | ) www.reuters.com time to read: +3 min

Speculation about a potentially more dovish Fed - despite U.S. inflation remaining hot - was visible in money markets. But they climbed back again, with the benchmark 10-year Treasury yields up at 4.229% and two-year note yields at 4.498%. On the long end, 30-year Treasury yields rose to an 11-year high of 4.359%. "If the Fed is going to be data dependent, these data points should be a focus point for them. Whether or not that actually happens, is yet to be seen," said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.

☆ Tesla is testing a key chart level first reached after being added to the S&P 500
▼ + stars: | 2022-10-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +2 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. With one eye on the Treasury market and another on corporate results, the S & P 500 is sticky around the 3,700 level for a third straight day. The S & P 500 rebound from the Sept. 30 and Oct. 13 CPI-reaction low has cleared an initial hurdle, crossing above its 20-day average, something it had failed at three times since mid-August. There is now a solid LEI peak in place and the pre-recessionary clock has been ticking for a bit now. The lead times can be long (two years from 2005-2007) between LEI peak and formal recession.

☆ Wells Fargo, Morgan Stanley downgrade auto lender Ally Financial after disappointing quarterly results
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Ally Financial 's weak third-quarter results were enough for analysts at two major Wall Street shops to downgrade the auto lender. "We believe ALLY shares will trade at a discount to tangible book value, as used car prices decline and [net interest margin] moderates around Fed rate hikes," Fandetti said. Ally's stock also got hit with a downgrade to equal weight and an earnings per share forecast cut from Morgan Stanley. "These include rate hikes ending, bottoming of used car prices, and credit quality stabilizing." Ally shares have tumbled more than 44% this year.

☆ Asia hedge fund losses grow in Q3, poised for worst year since 2008
▼ + stars: | 2022-10-19 | by ( Summer Zhen | ) www.reuters.com time to read: +3 min

“It’s a very painful third quarter for (Asia) hedge fund managers’ performance. Repeated lockdowns in many Chinese cities, a risk-off mode ahead of the party congress and geopolitical risks affected market sentiment. The magnitude of central bank policy moves and frequent macro headlines created profitable trading opportunities for macro hedge funds globally, analysts said. The HFRI Asia ex-Japan Index tracks funds that target more than 50% of their investments in the Asia ex-Japan region. Japan-focused hedge funds fared relatively well, with the HFRI Asia index that includes Japan, down just 3.3% in September and 3.9% this year.

☆ Consumer spending slows as Fed doubles down on hawkish rhetoric
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer spending slows as Fed doubles down on hawkish rhetoricCNBC's Steve Liesman joins 'Squawk on the Street' to report on hawkish Fed comments by Kashkari, expectations for higher rates, and consumer liquidity drying up.

☆ FTSE rallies on hopes of fiscal plan reversal
▼ + stars: | 2022-10-14 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

The blue-chip FTSE 100 (.FTSE) gained 0.9%, while the domestically focussed FTSE 250 (.FTMC) added 0.9%. Both indexes have recouped a large part of their losses this week but remain on track to record their fourth weekly decline in five. However, futures point to a weak start for U.S. stocks on Friday, with investors nervously awaiting quarterly reports from big Wall Street banks. read moreEmerging markets-focussed investment group Ashmore (ASHM.L) dipped 2.6% after reporting an $8 billion fall in assets under management for the September quarter. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling volatile ahead of BoE deadline, fragile yen tests 1998 low
▼ + stars: | 2022-10-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

LONDON, Oct 13 (Reuters) - Sterling rose on Thursday in volatile trade as investors awaited the impending deadline for the Bank of England to end an emergency bond-buying programme. Sterling was up 0.44% at $1.1147 at 1054 GMT in a volatile week. "We can expect potential market take-up to continue to increase as market participants prepare for the BoE to exit the market. Sterling volatilityElsewhere, the yen struggled against the U.S. dollar trading 0.1% lower at 146.8. Investors were focusing on U.S. core inflation data due later today, which is projected to rise 6.5% year-on-year in September.

A fragile yen languished near a fresh 24-year low, while markets were also on edge ahead of U.S. inflation data due later in the day for possible clues on how much higher the Federal Reserve will push interest rates. On Thursday, BoE saidUK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the BoE's Friday deadline. "We can expect potential market take-up to continue to increase as market participants prepare for the BoE to exit the market. Another currency struggling against the U.S. dollar was the yen , which traded 0.1% lower at 146.8. The yen "has lost its safe haven appeal," said Rodrigo Catril, a senior currency strategist at National Australia Bank.

☆ Asian stocks weaken as Fed, BoE fuel uncertainty before U.S. CPI data
▼ + stars: | 2022-10-13 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

U.S. long-term Treasury yields languished near the lows of the past two days, sitting little changed at 3.9227% in Tokyo trading. Treasury yields turned lower after the minutes, reversing an earlier rise, with investors focusing on the dovish undertones in taking yields back from near two-decade highs. The dollar index, which gauges the greenback against six major rivals, stuck near the middle of its range this week, trading little changed at 113.27. But the dollar was little changed versus sterling , which had rebounded strongly from a two-week trough of $1.0925 on Tuesday. Benchmark 10-year gilt yields had swung from a fresh 14-year peak at 4.632% to close at 4.429% on Wednesday, little changed from the previous session.

LONDON, Oct 11 (Reuters) - The U.S. dollar edged back towards September's multi-year highs on Tuesday as worries about rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level that prompted last month's intervention. "There are the Fed minutes and U.S. CPI this week that will be quite important for strengthening hawkish Fed expectations and could continue to support the dollar," Pesole added. "It's not that easy to gauge at which level the Bank of Japan will intervene," ING's Pesole said. "It's mostly a matter of how orderly the depreciation in the yen is," Pesole added, although he doubts the BoJ would be comfortable with the yen at 150 per dollar. Adding to the BoE's headaches was labour market data that showed Britain's unemployment rate fall to its lowest since 1974 in the three months to August, but the drop was driven by a record jump in the number of people leaving the labour market.

☆ Gold pulls back on dollar strength, hawkish Fed view
▼ + stars: | 2022-09-29 | by ( ) www.cnbc.com time to read: +1 min

Gold prices retreated on Thursday, as prospects for more U.S. interest rate hikes and a subdued outlook for global economic growth bolstered the dollar. Spot gold was down 0.3% at $1,653.79 per ounce, as of 0404 GMT, after rising about 2% in its biggest daily gain since March on Wednesday. "Our expectations are for gold to stage a relief rally towards $1,680/oz with no new information or market events." The dollar index advanced 0.2%, edging towards its recent 20-year high, buoyed by renewed pressure on the pound. Atlanta Fed President Raphael Bostic said on Wednesday his baseline outlook is for the U.S. central bank to hike rates by three-quarters of a percentage point at its November policy meeting and by half a percentage point in December.

☆ China's yuan unlikely to continue rapid depreciation -state media
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Sept 29 (Reuters) - China's yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies continue to be pressured by a U.S. dollar boosted by hawkish Federal Reserve monetary tightening. Prudent balance of payments has lent support and led somewhat "restrained" losses in the yuan compared with peers, the newspaper said. Register now for FREE unlimited access to Reuters.com RegisterMarket participants usually view such state media commentary as indicative of authorities growing uncomfortable with rapid currency movement. The People's Bank of China on Wednesday said stabilising the yuan is a top priority and warned market participants against making heavy one-way bets on the currency. Register now for FREE unlimited access to Reuters.com RegisterReporting by Winni Zhou and Brenda Goh; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Reverse Currency War: Why central banks are trying to play catch-up with a record dollar and a hawkish Fed
▼ + stars: | 2022-09-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

A reverse currency war is underway, with central banks around the world struggling to keep pace with an aggressive Fed and a soaring dollar that's climbing like it's got somewhere better to be. Rather than trying to devalue currencies like in traditional "currency wars," policymakers are doing the reverse in trying to engineer gains. The thinking behind a reverse currency war goes something like this: Central banks want to make their currencies stronger — via monetary policy tightening — so that the US dollar doesn't leave them in the dust. And with central banks focused on monetary tightening, these reverse currency wars raise the odds of a widespread economic downturn. Last week's rate-hike blitz showed that central banks will trigger a downturn, the asset manager said.

☆ China’s Yuan Has Further to Fall
▼ + stars: | 2022-09-27 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

China’s yuan is already at its weakest level against the dollar in over two years. But it might be poised to fall further still: Two major factors holding it up so far in 2022 look likely to reverse. Like most emerging market currencies, the yuan has been pummeled this year by the combination of a hawkish Federal Reserve and worries over slowing global growth. Even so, the yuan’s fall in recent months is striking. On Monday, China’s central bank raised the risk reserve institutions must hold when selling forward currency contracts, making it more expensive to bet against the yuan.

☆ Sterling crumbles to record low, dollar soars on UK fiscal angst
▼ + stars: | 2022-09-26 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterWoman holds British pound banknotes in this illustration taken May 30, 2022. The British pound's searing drop helped the safe-haven U.S. dollar to a new two-decade peak against a basket of major peers. Fellow commodity currency the Canadian dollar reached a fresh trough at C$1.3625 per greenback, its weakest since July 2020. China's offshore yuan slid to a new low of 7.1630 per dollar, its weakest since May 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kevin Buckland Editing by Shri Navaratnam and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

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