DIRS.INFO The most relevant business & tech news

☆ Thai headline inflation quickens in September, still below central bank target
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +1 min

The headline consumer price index rose 0.61% in September from a year earlier, after August's annual increase of 0.35%, and missed a forecast rise of 0.80% in a Reuters poll. Thailand's annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank's target range of 1% to 3%. The headline inflation rate is expected to be 1.25% in October and about 1.49% in the final quarter of 2024, Poonpong Naiyanapakorn, director of the trade policy and strategy office, told a press conference. In the January to September period, average annual headline inflation was 0.20%. The commerce ministry on Monday revised its forecast for the full year to between 0.2% to 0.8%, from between zero and 1% seen earlier.

Persons: Poonpong Naiyanapakorn Organizations: CPI

☆ Goldman Sachs is getting more bullish about stocks, raises S&P 500 forecast to 6,000
▼ + stars: | 2024-10-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The bank raised its 2024 S & P 500 target to 6,000 from 5,600. Goldman also raised its 12-month S & P 500 target to 6,300 from 6,000. But Goldman thinks ultimately earnings growth will lift markets further before the year is out. The S & P 500 is in the red for October so far. Analysts polled by FactSet expect S & P 500 earnings grew for a fifth straight quarter.

Persons: Goldman Sachs, That's, Goldman, David Kostin, Kostin, Wells, Ken Gawrelski Organizations: Evercore ISI, CNBC, Federal Reserve, FactSet, North America Retail Locations: Friday's

☆ Dollar on a roll after U.S. jobs data and Middle East flare-up
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +3 min

Bank notes of the Chinese yuan, Japanese yen and the U.S. dollar. Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. But that came on top of a more than 4% decline last week, its biggest weekly percentage decline since early 2009. Yields dipped early last week when investors bought safe-haven Treasuries after Iran launched more than 180 missiles against Israel in escalating geopolitical tensions. Market expectations have swung to the extreme for the Federal Reserve to do just a 25 bps cut in November, rather than 50 bps, following the jobs data.

Persons: Friday's, Chris Weston, haven't, Brent, underperformance, Shigeru Ishiba, Sterling, Huw Pill, Andrew Bailey, BoE Organizations: U.S ., Federal, U.S, Treasuries, Federal Reserve, Bank of England Locations: China, East, Israel, Lebanon, Gaza, Iran, Japan

☆ China stocks poised to reopen Tuesday with markets fixated on fiscal stimulus
▼ + stars: | 2024-10-07 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China's top economic planning body on Tuesday, when mainland markets return from a week-long holiday. Before the week-long holiday, authorities unveiled a flurry of stimulus policies, including interest rate cuts, lower cash reserve requirements at banks, looser property purchase rules and liquidity support for stock markets. Chinese major indexes have surged over 25% as investors cheer on the barrage of stimulus measures. Last week, China's CSI 300 blue-chip index extended a nine-day winning streak, surging over 8% Monday, before the market closed for a week-long holiday. Now the government needs to add fiscal stimulus to maintain the rally's momentum, said Shaun Rein, founder and managing director of China Market Research Group.

Persons: Qilai Shen, Zheng Shanjie, Erica Tay, Tuesday's presser, Shaun Rein, Rein, Adek Berry, Lynn Song, Song, Gary Ng Organizations: Shoppers, Bloomberg, Getty Images, National Development, Reform, State Council, CSI, SGX FTSE, Maybank Investment Banking Group, Ministry, Finance, China Market Research, AFP, Getty, ING Locations: Nanjing, Shanghai, China, Beijing, Hong Kong, SGX FTSE China, Tuesday's, Xicheng, Greater China, Shenzhen

☆ This $9 billion hedge fund just joined the raid on big bank commodity index traders with a senior JPMorgan hire
▼ + stars: | 2024-10-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Alphadyne Asset Management hired JPMorgan's Thomas Byuen as a commodity index portfolio manager. Hedge funds like Balyasny and Jain Global have poached big bank commodity traders in recent years. Byuen, global head of commodity index trading, joined the bank in 2012 out of college, according to his LinkedIn profile and industry records. More recently, Jain Global, the most hyped new hedge fund launch in years, hired BofA's Max Lee, head of commodity and FX systematic strategy trading. Commodities is a top strategy at the fund, which brought in ex-Macquarie exec David Hochberg to lead the unit.

Persons: JPMorgan's Thomas Byuen, —, wasn't, Thomas Byuen, Max Lee, Mike Severo, LMR, Goldman Sachs, Will Scott, Morgan Stanley, Dan Deighton, Balyasny, Deighton's, BofA's Max Lee, David Hochberg Organizations: Asset Management, Jain, Service, Alphadyne, Management, JPMorgan, Verition Fund Management, Balyasny Asset Management, LMR Partners, Commodities, Macquarie Locations: BofA

☆ Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data
▼ + stars: | 2024-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks fell Monday as bond yields and oil prices moved higher. The rise in oil prices and solid September jobs report has revived inflation concerns. Friday's release of the September jobs report sparked the move higher in yields. AdvertisementMeanwhile, oil prices continued to surge on Monday, rising by about 4% as tensions in the Middle East continued to simmer on the first anniversary of the Hamas-led attack against Israel. The rise in oil prices and the stronger jobs report are fanning fears of a potential rebound in inflation, which would mean fewer rate cuts from the Federal Reserve.

Persons: — Organizations: PepsiCo, Service, Treasury, Israel, Federal Reserve, Amazon, Epic, Bank of America, Here's Locations: Hurricane Milton, Wells

☆ China's stock markets reopen tomorrow after a weeklong break. Investors — and social media — are buzzing.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's stock investors and watchers are discussing the markets before they reopen. AdvertisementChina's investors are looking forward to some stock market action after the country's weeklong National Day break. AdvertisementChina's domestic stock markets are dominated by retail traders, who number over 200 million and account for about 70% of trading volume. Goldman Sachs, for one, has upgraded China's stocks to overweight and is forecasting another 15% to 20% upside to Chinese shares. China's stimulus measures include interest rate cuts and 800 billion yuan, or about $114 billion, to support the domestic stock markets.

Persons: —, Goldman Sachs Organizations: Service, Twitter, Weibo, Shanghai Stock Exchange Locations: China, Mainland, Beijing, Weibo, Hong Kong, Shanghai, Shenzhen

☆ Stock market today: Indexes slip as bond yields jump after strong jobs data
▼ + stars: | 2024-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell Monday as investors assessed interest rate moves after Friday's strong jobs report. The 10-year Treasury yield rose above 4% for the first time since late July. Investors will focus on earnings season and the upcoming September CPI report this week. AdvertisementUS stocks dipped to start the week as investors assessed the outlook for interest rates following the strong September jobs report. The September CPI report is also on the economic calendar this week, set to be released on Thursday.

Persons: — Organizations: Treasury, Service, Dow Jones, Federal Reserve, Investors, PepsiCo, Here's

☆ European markets look set to keep positive momentum in the new trading week
▼ + stars: | 2024-10-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. LONDON — European stocks are expected to start the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday's rally on Wall Street. European stocks look set to continue the positive sentiment seen at the close of trade last week, with markets getting a boost from the latest U.S. jobs report that exceeded expectations. Nonfarm payrolls data showed the U.S. economy added 254,000 jobs in September, ahead of the 150,000 estimated by economists polled by Dow Jones.

Persons: Germany's DAX, Dow Jones Organizations: Frankfurt Stock Exchange, LONDON, CAC, IG Locations: Africa, Asia, U.S

☆ Stock market volatility ahead of presidential elections typically starts picking up right now
▼ + stars: | 2024-10-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Market volatility will likely increase from here as the race for the White House enters its final weeks, according to Wolfe Research. Technical strategist Rob Ginsberg tracked the average move of the CBOE Volatility Index (VIX) during a presidential election year. With momentum rolling over and several sectors seeing healthy pullbacks of late ... we feel the S & P is overdue for another 3 – 4% correction." To be sure, any troubles in the market into Election Day would mark a turn after an unusually strong year. Notably, Bespoke Investment Group found the S & P 500 notched its largest gain over the first nine months of a year since 1997.

Persons: Brace, Rob Ginsberg, bode, Ginsberg, What's Organizations: White, Wolfe Research, Traders, Nasdaq, Dow Jones, Investment, Carson Group Locations: Israel

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

☆ A Gen Xer quit his corporate job in SF and moved to Colombia. He said Medellín is more affordable and he's been able to launch 2 startups.
▼ + stars: | 2024-10-07 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Jason Bennett, 46, moved from San Francisco to Medellín, Colombia in 2018. Bennett quit his job at Banana Republic to move abroad and launch two startups. AdvertisementJason Bennett had a successful career in San Francisco but didn't see a future for himself in the corporate world. In 2016, he visited Medellín, Colombia, and said he envisioned it as his future home. Courtesy of Jason BennettBuilding financial independence started at a young ageBennett was born and raised in San Francisco.

Persons: Jason Bennett, Bennett, Medellín, —, didn't, I've, San Francisco Bennett, Jason Bennett Bennett Organizations: Banana, Service, Banana Republic, True Star Consulting, Consulting, Voting, Central America, University of Oregon, San, Medellín Philharmonic Locations: San Francisco, Medellín, Colombia, Francisco, Lisbon, South, Caribbean, Banana, American

☆ Brace for stock-market volatility this week if inflation comes in hot after the September jobs report, BofA says
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

A blockbuster jobs report raises the stakes for upcoming inflation data, BofA analysts say. AdvertisementThe September jobs report was good news, but it gives investors more reason to brace for the next inflation reading, Bank of America analysts say. Economists forecast the CPI report will show inflation continued to cool last month, rising 2.3% year-over-year compared to 2.5% in August. AdvertisementHowever, with the blockbuster September jobs report, some economists say inflation is still a concern. The September jobs report blew past forecasts, with 254,000 nonfarm payrolls added compared to expectations of 150,000.

Persons: —, Brian Rose Organizations: Service, Bank of America, CPI, Fed, UBS

☆ How to hedge the overall market with several critical events just around the corner
▼ + stars: | 2024-10-07 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

The upcoming month is a crucial time for the stock market, with a series of events that will make an impact. A quick peek at the history of S & P earnings reveals a couple of things. Note that the chart below depicts S & P earnings on a logarithmic scale —S & P earnings have grown by more than ninefold since January 1991. Over the past two years, S & P earnings have grown from ~$196 "per share" to about $204, an increase of 4%, but the S & P 500 Index has risen by more than 60% over the same period. Why not purchase a downside SPDR S & P 500 ETF Trust put spread if these cause a pullback?

Persons: Low, we'll Organizations: U.S, Trust, CNBC, NBC UNIVERSAL Locations: U.S

☆ Here's why this week's inflation report could be a big market mover
▼ + stars: | 2024-10-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Inflation could be a market-driving fear again this week when September data is released, according to Bank of America. But last week's stronger-than-expected jobs report has shaken up the consensus outlook for the economy. "After the blowout jobs report, CPI is no longer a 'non-event.' The CPI report is due out before the opening bell Thursday. Economists surveyed by Dow Jones expect the CPI report to show a 0.1% increase in September and a 2.3% rise from 12 months earlier.

Persons: Dow Jones Organizations: Bank of America, Federal

☆ What a hot job market means for inflation
▼ + stars: | 2024-10-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —The US job market is still piping hot. That comes after the Federal Reserve last month cut interest rates by a jumbo half-point, signaling that it is turning its attention from tamping down inflation to keeping the job market steady. But some warn that a still-strong labor market could make it more difficult for inflation to continue cooling. That’s because a low unemployment rate and hot job market underline a strong American consumer, whose spending helps drive up the cost of goods and services. Consumer inflation eased to its slowest annual pace since February 2021 in August, continuing a trend of cooling down in recent months.

Persons: FactSet, ”, Seema Shah, “, Gina Bolvin Organizations: New, New York CNN, Bureau of Labor Statistics, Federal Reserve, Investors, “, Fed, Asset Management, Labor Statistics, Bolvin Wealth Management Group, International Longshoremen’s Association, United States Maritime Alliance Locations: New York, July’s, Israel, Iran, Russia, Ukraine

☆ Foxconn beats estimates with record third-quarter revenue on AI demand
▼ + stars: | 2024-10-06 | by ( ) www.cnbc.com time to read: +2 min

Taiwan's Foxconn , the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple's biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). "The result exceeded the company's original expectations of significant growth," Foxconn said in a statement on Saturday. Strong AI server demand led to robust revenue growth for its cloud and networking products division, said Foxconn whose customers include AI chip firm Nvidia NVDA.O. It has scheduled its annual Tech Day on Oct. 8-9, an event where Foxconn normally announces new products or partnerships.

Persons: Taiwan's Foxconn, Foxconn Organizations: Apple's, Nvidia, Apple, Tech Locations: Taiwan

☆ There’s too much negativity about the stock market. Focus on these 3 positives instead
▼ + stars: | 2024-10-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. We hear about OpenAI and its brilliant $167 billion valuation , but we don't see any stock available to public-market investors. I have been furious at myself for thinking the Chinese government couldn't do anything about the country's struggling stock market. The Chinese stock market has been rallying nicely since the stimulus announcements. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Elon Musk, he's, isn't, Carl Quintanilla, David Tepper, holler, That's, that's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Federal Reserve, Walmart, Fed, SpaceX, Nike, Walgreens, CVS Health, Club, GE Healthcare, Wynn Resorts, Chinese Communist Party, Apple, PDD Holdings, JD.com, Baidu, Diamondback Energy, Exxon Mobil, CNBC, New York Stock Exchange, Getty Locations: U.S, China, —, New York City

☆ Stock futures are little changed after sluggish start to October: Live updates
▼ + stars: | 2024-10-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were flat on Sunday evening as Wall Street looks to keep the momentum from Friday's rally. S&P 500 futures added less than 0.1%. Nasdaq 100 futures were also up less than 0.1%, while Dow Jones Industrial Average futures ticked up 26 points, or less than 0.1%. The S&P 500 added 0.22% for the week, while the Nasdaq Composite inched up 0.10% and the Dow added 0.09%. "Two old adages on Wall Street: don't fight the trend and don't fight the Federal Reserve.

Persons: Keith Lerner, Lerner, JPMorgan Chase Organizations: Nasdaq, Dow Jones Industrial, Dow, Federal, Federal Reserve, Delta Air Lines, JPMorgan Locations: U.S

☆ China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
▼ + stars: | 2024-10-06 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.

Persons: Francis Lun, he’s, Lun, ”, we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai

☆ Inflation, earnings and AI are the three market drivers we're watching this week
▼ + stars: | 2024-10-06 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Friday's rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. Inflation data: The September consumer price index (CPI) report is out Thursday. The September producer price index (PPI) is out Friday. Jim said last week that investors who don't own AMD shares should buy some ahead of CEO Lisa Su's presentation. ET: Consumer price index 12 p.m.

Persons: we'll, Jim Cramer, Friday's, Matthew Graham, Israel, Joe Biden, Wells, Jim, we're, We're, Morgan Stanley, Lisa Su's, Su, Jim Cramer's, Michael M Organizations: Dow, Nasdaq, Federal, Mortgage News, Mortgage News Daily, CNBC, Devices, PPI, Bank, Nvidia, SOXX Semiconductor, PepsiCo, Delta Air Lines, DAL, JPMorgan, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Iran, Israel, Wells Fargo, BlackRock, New York City

☆ 4 market experts share 10 places to invest your money after September's jobs data blew expectations out of the water
▼ + stars: | 2024-10-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Below, four market experts share how investors should allocate their money going forward. The US job market blew past economists' predictions, with total nonfarm payrolls increasing by 254,000 last month — over 100,000 more jobs than expected. Chris Zaccarelli, chief investment officer, Independent Advisor AllianceThe job market is showing signs of strengthening with the September data. With that being said, the current environment presents many opportunities to invest in equities, according to Zaccarelli. "Recession fears are elevated, and we think those are underpriced, underappreciated parts of the market," Zaccarelli said.

Persons: —, we've, Liz Ann Sonders, Charles Schwab, Sonders, there'll, it's, Jeffrey Roach, Roach, Lisa Shalett, Morgan, Shalett, Chris Zaccarelli, Zaccarelli Organizations: Service, Federal Reserve, Investors, Fed, Morgan Stanley Wealth Management, Independent

☆ 'Inflation is not dead': Consumer prices are still in focus for investors despite the Fed's labor-market pivot
▼ + stars: | 2024-10-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The upcoming inflation report will help determine the Fed's next move. Friday's surprisingly strong jobs data has slashed bets of a half-point rate cut. AdvertisementBut with September's jobs report crushing expectations, concerns may have been premature. AdvertisementHow inflation data could compound these forecasts will be known on Thursday, when the CPI report comes out. Still, with inflation still slightly above the central bank's 2% target , some analysts are cautioning investors not to forget about price pressures.

Persons: Friday's, —, it's, they're, Mohamed El, Erian, Brian Rose, Seema Shah Organizations: UBS, Service, US, Bloomberg, CPI, Fed, Bank of America, Barclays

☆ Cheap stocks to buy in the fourth quarter, according to HSBC
▼ + stars: | 2024-10-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

It's officially a new trading month, and HSBC recommends investors broaden their exposure in the fourth quarter by seeking out stocks with more reasonable valuations. "These 'big' companies represent the lion's share of equity index returns year to date." HSBC has a buy rating on the stock. In all, 16 of the 29 analysts covering GM have a strong buy or buy rating, and its average price target of $54.35 implies nearly 19% upside from Friday's close, per LSEG. The remaining 11 have a buy or strong buy rating.

Persons: It's, Nicole Inui, General Motors, Goldman Sachs, Goldman Organizations: HSBC, Dow, Industrial, Nasdaq, Federal Reserve, General, GM, Pharmaceutical, Pfizer, Delta Air Lines Locations: Americas, U.S

☆ An analyst upgraded Morgan Stanley to a buy. Why we're not ready to follow suit
▼ + stars: | 2024-10-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Dealmaking activity has picked up, but it's not been enough to fully unlock Morgan Stanley shares. Morgan Stanley ended Friday within a dollar of its all-time closing high of $108.73 reached back in February 2022. Friday's positive developments are welcome news – but not enough to add clarity on our path forward for Morgan Stanley. For the time being, the Club is taking a wait-and-see approach with Morgan Stanley stock. If there is a surge in IPO and M & A activity that HSBC forecasted, Morgan Stanley is well-positioned to benefit.

Persons: Morgan Stanley, Jim Cramer, Morgan Stanley's, Jim, Goldman Sachs, it's, Wells, We're, Morgan, Banks, Dan Simkowitz, Jim Cramer's, Bing Guan Organizations: HSBC, KBW, CNBC, Bloomberg, Getty

Search resuls for: "Index"

25 mentions found