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☆ Stock futures inch lower to start the week: Live updates
▼ + stars: | 2023-07-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures dipped slightly in evening trading Sunday ahead of a busy week for corporate earnings. Futures tied to the Dow Jones Industrial Average lost 50 points, or 0.16%, while S&P 500 futures slipped 0.13%. The S&P 500 and Nasdaq Composite added 2.4% and 3.3%, respectively. The moves came on the heels of solid big bank earnings and softer inflation reports that lifted investor sentiment. Analysts forecast a more than 7% decline in S&P 500 earnings from a year ago, according to FactSet.

Persons: Kathryn Rooney Vera, CNBC's, Morgan Stanley, Goldman Sachs Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Dow Jones, Dow, Bank of America, United Airlines, Vegas Sands, Netflix, Traders Locations: Vegas

☆ We can't declare victory over inflation just yet, says StoneX's Kathryn Rooney Vera
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can't declare victory over inflation just yet, says StoneX's Kathryn Rooney VeraKathryn Rooney Vera, StoneX chief market strategist, and Greg Branch, Veritas Financial managing partner, join 'Last Call' to offer the bear and bull perspective on the current market and economic trends.

Persons: StoneX's Kathryn Rooney Vera Kathryn Rooney Vera, Greg Branch Organizations: Veritas Financial

☆ Watch CNBC's full interview with Kathryn Rooney Vera and Greg Branch
▼ + stars: | 2023-07-14 | 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 EmailWatch CNBC's full interview with Kathryn Rooney Vera and Greg BranchKathryn Rooney Vera, StoneX chief market strategist, and Greg Branch, Veritas Financial managing partner, join 'Last Call' to offer the bear and bull perspective on the current market and economic trends.

Persons: Kathryn Rooney Vera, Greg Branch Kathryn Rooney Vera, Greg Branch Organizations: Veritas Financial

☆ This market has no conviction so anything is possible, says Herb Greenberg
▼ + stars: | 2023-07-11 | 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 EmailThis market has no conviction so anything is possible, says Herb GreenbergHerb Greenberg, Empire Financial senior editor, and Kathryn Rooney Vera, StoneX chief market strategist, joins 'Last Call' to talk why the bears got this market so wrong and how to play the second half of the year.

Persons: Herb Greenberg Herb Greenberg, Kathryn Rooney Vera Organizations: Empire Financial

☆ Watch CNBC's full interview with Herb Greenberg and Kathryn Rooney Vera
▼ + stars: | 2023-07-11 | 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 EmailWatch CNBC's full interview with Herb Greenberg and Kathryn Rooney VeraHerb Greenberg, Empire Financial senior editor, and Kathryn Rooney Vera, StoneX chief market strategist, joins 'Last Call' to talk why the bears got this market so wrong and how to play the second half of the year.

Persons: Herb Greenberg, Kathryn Rooney Vera Herb Greenberg, Kathryn Rooney Vera Organizations: Empire Financial

☆ Premarket stocks: Does the Fed have the labor market all wrong?
▼ + stars: | 2023-07-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —The labor market just won’t quit, but this could be another case of “good news is bad news” for the Federal Reserve. But while job growth is a sign of a healthy economy, Fed Chair Jerome Powell has said that he wants to see more slack in the labor market in order to bring inflation down. But in April, the unemployment rate reached 3.4%, with the 12-month average of unemployment reaching a record low of 3.6%. Plus, the mass retirement of baby boomers, slowing of immigration rates and long-term health impacts of Covid have also permanently altered the labor market. Why it matters: These changes have led many economists to say that the labor market doesn’t matter anymore, said Kathryn Rooney Vera, chief market strategist at StoneX.

Persons: won’t, Jerome Powell, ”, Joe Brusuelas, Kathryn Rooney Vera, boomer, we’ve, “, Vera, Sam Stovall, Bryan Mena, Stovall, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Gross, RSM, Labor, Fed Fed, CFRA Research, Federal, CNN, Handil Holdings Locations: New York, “

Kenyan shipments of tea - its major export - have fallen by a fifth over the last year, according to the local regulator. The spike in global interest rates has already tipped Sri Lanka and Ghana into defaulting. Reuters GraphicsBLACK MARKETAlthough the dollar's share as a global reserve currency has dropped to 59% from 70% over a decade, it continues to dominate global trade. Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. A plunge of around 70% in Bolivia's reserves has spawned queues at banks and currency exchange shops as some merchants stopped accepting local currency.

Persons: Wilson Muthaura, KTDA, Charlie Robertson, Muthaura, David Willacy, Ojo, Chaucer, Ronal, Luiz Inacio Lula da Silva, Kristalina Georgieva, William Ruto, Duncan Miriri, Marc Jones, Macdonald Dzirutwe, Monica Machicao, Mayela Armas, David Sherwood, Catherine Evans Organizations: Bank, FIM Partners, Reuters Graphics, Workers, REUTERS, La Paz, West, Reuters, JPMorgan, Monetary Fund, IMF, Fund, Thomson Locations: NAIROBI, LONDON, Pakistan, COVID, Russia, Ukraine, London, Islamabad, Egypt, Sri Lanka, Ghana, Tunisia, teetering, Nigeria, Kenya, StoneX, Nigeria's, Lagos, British, Cuba, Venezuela, Githunguri, Kiambu County, United States, Lebanon, Turkey, Ethiopia, China, India, Johannesburg, Saudi Arabia, Africa, Argentina, Nairobi, La Paz, Caracas, Havana

The benchmark September contract for cocoa in London gained more than 2% on Wednesday to 2,590 pounds per metric ton. Prices are rising in reaction to a tight market for cocoa beans, which are mainly produced in Ivory Coast and Ghana. Arrivals of cocoa at Ivory Coast ports for export are down nearly 5% this season. The International Cocoa Organization (ICCO) widened this month its forecast for a global deficit on cocoa supply from 60,000 metric tons previously to 142,000 metric tons. Arabica coffee settled down 5 cents, or 3%, at $1.6195 per lb, while robusta coffee fell $99, or 3.6%, at $2,616 a metric ton.

Persons: Leonardo Rosseti, Rosseti, Maytaal, Mark Potter, David Gregorio Our Organizations: YORK, Intercontinental Exchange, International Cocoa Organization, StoneX, Refinitiv Commodities Research, Thomson Locations: London, West Africa, Ivory Coast, Ghana, West, New York

☆ A chief market strategist explains why a recession won't hit anytime soon — and why investors should focus on underperforming sectors right now instead of hot tech stocks
▼ + stars: | 2023-06-27 | by ( Lisa Hanley | ) www.businessinsider.com time to read: +4 min

StoneX's Kathryn Rooney Vera believes that investors are prematurely optimistic about rate cuts. But according to StoneX's Kathryn Rooney Vera, investors may be getting a little too far ahead of themselves. In fact, Rooney Vera believes that the US's economy, labor market, and consumer activity are currently too robust to even consider easier monetary policy. Rooney Vera also believes that the central bank is unlikely to cut rates in a knee-jerk reaction as soon as unemployment begins to rise. This might seem counterintuitive, but timing is everything, Rooney Vera said.

Persons: StoneX's Kathryn Rooney Vera, Rooney Vera, — Rooney Vera, catchup, that's Organizations: Federal Locations: Brazil

June 6 (Reuters) - It's a tense time for bitcoin investors. The capricious cryptocurrency's been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Bitcoin's volatility index is near 64, well below the 2023 peak of 116.5 touched in January, according to CryptoCompare. "Trading volatility, buying options in the absence of a price move, that's what people might do in this market." Market positioning indicates the maximum pain level for the June 2023 options expiry for bitcoin is at around $24,000, which could act as a support or resistance level, according to analysts at Bitfinex.

Persons: CryptoCompare, Noelle Acheson, Matthew Weller, Luuk Strijers, Strijers, Thomas Kralow, Medha Singh, Lisa Pauline Mattackal, Pravin Organizations: bitcoin, BULLS, Kralow, Pravin Char, Thomson, Reuters Locations: Bengaluru

As billions of dollars have flooded into Big Tech over the last six weeks, bitcoin trading volumes and demand have slumped. Since April 25, the NYSE FANG+TM index of big tech and growth stocks has surged 24%, nearly three times the broader Nasdaq. The AI boom has gathered momentum despite the rise in bond yields and discount rates. This has highlighted bitcoin's underperformance and strongly suggests that outside the rarified world of Big Tech, investors are much more discerning. Indeed, just seven U.S. tech stocks have driven all of the positive S&P 500 returns so far this year, according to analysts at Barclays.

Persons: Crypto, Matt Weller, Weller, bitcoin, Vanda, Vanda's Marco Iachini, cryptocurrencies, Jamie McGeever, Sam Holmes Organizations: Nasdaq, NYSE, Reuters, Big Tech, Microsoft, Barclays, Vanda Research, Thomson Locations: ORLANDO, Florida, U.S

☆ Oil rises 2% on lower-than-expected US inflation data
▼ + stars: | 2023-04-12 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +4 min

Prices rose about 2% on Tuesday. The CPI rose 6% year-on-year in February. Markets shrugged off a small build in U.S. crude oil stocks, attributing it in part to a congressionally mandated release of oil from the U.S. emergency reserve and lower exports at the start of the month. Meanwhile, the global oil market could see tightness in the second half of 2023, which would push oil prices higher, said Fatih Birol, executive director of the International Energy Agency. In a negative for oil demand, the International Monetary Fund on Tuesday trimmed its 2023 global growth outlook, citing the impact of higher interest rates.

Most international grain traders have stopped new investment in Russia since last year following Moscow's invasion of Ukraine but continued exporting Russian wheat. "As grain export-related challenges continue to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season," the company said in an emailed statement. "The cessation of its export activities on the Russian market will not affect the volume of domestic grain shipments abroad. The company's grain export assets will continue to operate regardless of who manages them," the agriculture ministry told Reuters. According to RBC business daily, Cargill will export 2.2 million tonnes of Russian grain in the 2022-23 exporting season, or around 4% of Russia's total grain exports.

☆ Falling US gasoline stockpiles signal a repeat of last summer's high prices
▼ + stars: | 2023-03-22 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

Companies Exxon Mobil Corp FollowMarch 22 (Reuters) - U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months. Retail gasoline prices, now averaging $3.44 a gallon nationwide, hit a record $5.02 a gallon last June as crude oil prices jumped on Russia's invasion of Ukraine and the waning of COVID-19 travel curbs unleashed pent up travel demand. Vehicle travel in the U.S. started the year 5.6% higher than last year, leading to a drop in gasoline stockpiles for five straight weeks. Rising travel coupled with declining inventories could lift retail prices again this year, said Yawger, with last summer's $5 a gallon a possibility again. When fully operating this month, it will be able to process 250,000 additional barrels of crude daily into gasoline and diesel.

☆ Talks underway on Black Sea grain deal extension in Geneva
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

GENEVA, March 13 (Reuters) - Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin on a possible extension to a deal allowing the safe export of grain from Ukraine's Black Sea ports, the Russian diplomatic mission in Geneva said. The deal, which was extended for 120 days in November, is up for renewal on March 18. Two sources involved with the talks said they were initially scheduled to last just one day but could be extended as needed. "Wheat and corn markets are weaker today as the talks start about extending the safe shipping agreement for Ukraine’s exports," said Matt Ammermann, StoneX commodity risk manager. "As such a large wheat and corn exporter, Ukraine’s supplies are vital to world markets."

New York CNN —Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. Alphabet’s revenue will likely remain flat from last year and Amazon’s sales are expected to grow just shy of 6% year-over-year. All three companies’ profits are expected to fall from the year-ago quarter, with Amazon set to suffer the steepest drop with a decline of 40.6%. Then came the press conference, which led to a steep divergence between what the Fed thinks and what the Wall Street thinks. A cautionary tale: In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for Taylor Swift’s upcoming tour.

☆ Gold slips as dollar firms to kick start big data week
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices fell on Monday, dragged down by a firmer dollar, while investors positioned for key U.S. inflation data and the Federal Reserve's rate-hike verdict due this week. Investors will keep a close eye on Tuesday's U.S. Consumer Price Index (CPI) data and Fed's final meeting of 2022 scheduled on Dec. 13-14. Additionally, the European Central Bank (ECB) and the Bank of England (BoE) are also set to announce rate hikes this week, as policymakers continue their battle against inflation. Spot silver lost 0.8% to $23.27, platinum fell 0.5% to $1,016.88 and palladium ticked 0.6% lower to $1,938.33.

LONDON, Nov 15 (Reuters) - The moment of truth is almost here for Britain's new prime minister Rishi Sunak and finance minister Jeremy Hunt. British markets have regained some poise after the carnage triggered by September's fiscal statement, but as the UK slips into recession, the outlook is far from rosy. Here's a look at some of the likely winners and losers from Thursday's budget. "Domestic UK equities are being treated with caution by investors both domestically and internationally," he said. snapshotA CRUDE TARGETEnergy companies have reported bumper profits this year, thanks to soaring crude oil and gas prices.

Banks and corporations use the market to manage interest rate risks and traders depend on it as reference for pricing other assets. To make a swap, market participants turn to a dealer or bank to facilitate the deal. DRAINEDPart of the issue is a lack of bond market supply. Last week, the RBA's head of domestic markets, Jonathan Kearns, noted the swaps market dysfunction. Nor are other swap markets globally seeing similar pressures.

The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world's top corn supplier. China relied on the United States and Ukraine for most of its corn supplies but Russia's invasion of Ukraine has disrupted exports. He said in an interview the list of approved Brazilian facilities that can export corn to China may be updated to include more units in coming weeks. Once China starts buying corn from Brazil, traditional Brazilian corn importers such as Spain and Egypt could shift some of their purchases to the United States. Beijing and Brasilia had signed a protocol for exporting corn from Brazil to China in 2014 but little trade had happened due to complex inspection requirements.

☆ Wheat retreats on hopes Ukraine's grain shipments may continue
▼ + stars: | 2022-11-01 | by ( Michael Hogan | ) www.reuters.com time to read: +2 min

Summary Grain flowing out of Ukraine despite Russia ending shipping dealU.S. winter wheat suffers from drought - USDASoybeans rise, hopes of China buyingHAMBURG, Nov 1 (Reuters) - Chicago wheat and corn futures fell on Tuesday as grain shipments continued from Ukraine despite Russia suspending its participation in an export agreement for a safe shipping channel from Ukrainian ports. Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil - including road blocks - after the presidential election. Chicago Board of Trade most-active wheat was down 1% to $8.73-1/4 a bushel at 1138 GMT, while corn was down 0.3% to $6.89-1/4 a bushel. Markets surged on Monday after Russia suspended its involvement in an agreement allowing Ukraine to make grain and other food shipments in a safe Black Sea shipping corridor. “Wheat and corn are weakened today on expectations the safe shipping channel for Ukraine’s exports may not be ended but could continue in some form,” said Matt Ammermann, StoneX commodity risk manager.

☆ Why This 'Holy Trinity' Portfolio up 5% This Year Has More Upside
▼ + stars: | 2022-11-01 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Vincent Deluard says investors face three main risks: inflation, recession, and rising rates. "I call it the Holy Trinity Portfolio, which for the year is up 5%. To combat rising interest rates, Deluard likes financials. Second, to hedge against recession risks, Deluard likes healthcare because of its defensive nature. Finally, Deluard likes the energy sector as a hedge against inflation risk.

☆ Wheat up 6% after Russia quits Black Sea pact; corn, soy firm
▼ + stars: | 2022-10-31 | by ( Julie Ingwersen | ) www.reuters.com time to read: +2 min

CHICAGO, Oct 31 (Reuters) - U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose 1.6% on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. Chicago Board of Trade December wheat settled up 53 cents at $8.82-1/4 per bushel after reaching $8.93-1/4, the contract's highest since Oct. 14. CBOT December corn ended up 10-3/4 cents at $6.91-1/2 a bushel and January soybeans finished up 19-1/4 cents at $14.19-1/2 a bushel. Reuters GraphicsReuters Graphics"The grain and oilseed markets rose sharply overnight, led by wheat, as food shortage fears rise again after Russia pulls out of the Black Sea trade agreement," StoneX chief commodities economist Arlan Suderman said in a client note. Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea.

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