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Stocks - 1 — - 1 Mike Owens - 1 Dan Ives - 1 Chris Zaccarelli - 1 Brent - 1
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Nasdaq - 1 Service - 1 Traders - 1 Investors - 1 Federal Reserve - 1 Saxo - 1 Microsoft - 1 Google - 1

Search resuls for: "Mike Owens"


3 mentions found


☆ Stock market today: Stocks waffle after sell-off as traders mull tech weakness and GDP data
  + stars: | 2024-07-25 | by ( Max Adams | ) www.businessinsider.com   time to read: +4 min
Second-quarter GDP data showed the economy grew at 2.8% in the second quarter, much more than expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders were assessing tech weakness and hotter-than-expected GDP data for the second quarter. Investors' top concern is slowing tech earnings growth after Tesla and Alphabet both reported disappointing results on Tuesday. Here's where US indexes stood shortly after the opening bell on Thursday:AdvertisementMeanwhile, investors are digesting second-quarter GDP data, which showed the US economy grew by 2.8%.
Persons: Stocks, —, Mike Owens, Dan Ives, Chris Zaccarelli, Brent Organizations: Nasdaq, Service, Traders, Investors, Federal Reserve, Saxo, Microsoft, Google, Apple, Securities, West Texas Locations: China, Here's
☆ British government performs major U-turn on tax cuts. But markets are far from convinced
  + stars: | 2022-10-14 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +2 min
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | ReutersLONDON — A major reshuffle and the scrapping of a key tax-cutting pledge by U.K. Prime Minister Liz Truss on Friday wasn't enough to placate markets with the pound and government bonds continuing to sell off. It seems that Truss's speech did little to reassure markets, or to convince analysts that Britain's financial storm has passed. Rather than settling the waters, Truss's U-turn on tax decisions will leave investors cautious of future political upheaval, according to Mike Owens, a U.K. sales trader at Saxo. "The costs of the mini-budget horror show have already been high and it's not clear that the expected corporation tax U-turn will sustainably calm markets," he said.
☆ Sterling drops against dollar as Bank of England intervenes in bond market
  + stars: | 2022-09-28 | by ( Harry Robertson | ) www.reuters.com   time to read: +3 min
It was on track for its biggest monthly fall against the dollar since the financial crisis in autumn 2008, having shed almost 9% in October alone. The Bank said it had seen "dysfunction" in the market for long-dated gilts and that it would buy as many as necessary to rectify the situation. Ratings agency Moody's also weighed in on Tuesday, saying the unfunded tax cuts were "credit negative" and likely to weigh on growth. "This move from the Bank of England won't stem moves against the UK debt and currency markets on their own," said Mike Owens, global sales trader at Saxo Markets. "While this is welcome, the fact that it needed to be done in the first place shows that the UK markets are in a perilous position," said Paul Dales, chief UK economist at Capital Economics.
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