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u_today:b6142219e094b:0 | BTCUSDT | Will Bitcoin Break September's Jinx? What Data Suggests | u_today | https://u.today | 2024-09-01T11:49:00+00:00 | https://www.tradingview.com/news/u_today:b6142219e094b:0-will-bitcoin-break-september-s-jinx-what-data-suggests/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:b6142219e094b:0-will-bitcoin-break-september-s-jinx-what-data-suggests/ | EN | Bitcoin, the largest cryptocurrency by market capitalization, ended the month of August down 8.73%, as expected based on past trends.In a recent tweet, Ali Martinez noted that while Bitcoin played out its historical narrative for August, similar expectations exist for September typically believed t… | Bitcoin, the largest cryptocurrency by market capitalization, ended the month of August down 8.73%, as expected based on past trends.
In a recent tweet, Ali Martinez noted that while Bitcoin played out its historical narrative for August, similar expectations exist for September typically believed to be a negative month for Bitcoin.
However, recent insights from Spot On Chain, shared in a thread of tweets, suggest five reasons why this year might be different.
First, negative Augusts may help to avoid a negative September. In other reasons cited, major selling pressures have cleared and long-term holders remain strong. Fourth, Bitcoin ETFs can be a renewed buying force and lastly, favorable interest rates, capital and regulations might help to boost the market in September.
Bitcoin to break September's jinx? Here are five indications
Spot On Chain’s analysis begins with a historical observation: While it is true that September usually sees a downturn, it's not a given. Nearly 43% of negative Augusts have been followed by a positive September. This year, with Bitcoin experiencing a negative August, there’s a chance that the worst may be behind it, setting up for a potential rebound.
5/ Potential buying simulators:
• FED may cut the interest rate in September, which could boost demand for risky assets like $BTC or Bitcoin ETFs.
• #FTX will repay $16B to creditors in cash, not crypto, which can be re-injected into $BTC and the broad market.
• Both US… pic.twitter.com/a2ycWxLYoc— Spot On Chain (@spotonchain) September 1, 2024
Second, selling pressure has substantially declined for Bitcoin. Three major selling forces unloaded 170,917 BTC or $10.69 billion to the market in July and August, including the German government, which sold 49,859 BTC worth $3 billion in early July and no longer holds BTC. Mt Gox repaid 95,958 BTC in July and August and still holds 44,898 BTC worth $2.65 billion, or only a third of the initial holding. GenesisTrading distributed 24,068 BTC for repayment on Aug. 2 and no longer holds BTC.
However, the U.S. government still holds 203,650 confiscated BTC worth $12 billion, and like in the German government case, this can be a big selling force. However, recent actions suggest limited near-term sell-off risk.
In 2023 and 2024, the U.S. government moved 35,516 BTC worth $1.48 billion to Coinbase at nearly $41,637, but overall there were only weak price reactions because most sales were done via OTC with minimal impact on the market.
Long-term holders, which increased their supply by 262,000 BTC in August, bringing their total holding to 14.82 million BTC, or 75% of the total supply, remain another positive factor. Similarly, BTC ETFs can be a renewed buying force, if the pattern of alternating between positive and negative months continues.
Other potential buying simulators include the likelihood of FED cutting the interest rate in September, which could boost demand for risky assets like BTC or Bitcoin ETFs. FTX will repay $16 billion to creditors in cash, not crypto, which can be reinjected into BTC and the broad market.
| crypto | null | null | null |
newsbtc:9ee608fcb094b:0 | BTCUSDT | Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst | newsbtc | https://www.newsbtc.com | 2024-09-01T09:00:10+00:00 | https://www.tradingview.com/news/newsbtc:9ee608fcb094b:0-bitcoin-in-neutral-zone-what-this-means-according-to-analyst/ | null | [{'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/newsbtc:9ee608fcb094b:0-bitcoin-in-neutral-zone-what-this-means-according-to-analyst/ | EN | Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in August, resulting in an 8.46% decline over the month. As… | Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in August, resulting in an 8.46% decline over the month. As September begins, a CryptoQuant analyst with the username Grizzly has provided valuable insight into Bitcoin’s current price status and potential price action in the coming weeks.
Puell Multiple Index Puts Bitcoin In Decision Zone
In an X post on Saturday, Grizzly stated that there is much uncertainty around Bitcoin’s movement based on data from the token’s Puell Multiple index. For context, the Puell Multiple Index is a Bitcoin trading indicator used to measure the profitability of miners and the broader market’s price trend. It is assessed by dividing the issuance value of Bitcoin by its 365-day moving average.
According to Grizzly, when this indicator ranks between 0.6 and 0.8, as it currently is, it indicates the BTC market is a “decision zone”, with an equal potential to initiate an uptrend or a downtrend.
Generally, a dip below 0.6 indicates that Bitcoin miners are earning less than the historical average, mostly due to a decline in BTC price. Grizzly shares that such a scenario presents a good opportunity for Dollar-Cost Averaging (DCA), where investors buy Bitcoin incrementally to lower their average purchase cost over time.
Alternatively, a breakout above the 0.8 level indicates an increasing miner profitability, in tandem with rising Bitcoin prices. Based on historical price data, Grizzly states that such development usually represents the start of a bullish market.
Bitcoin Whales Count Reach 17-Month High
In other news, amidst Bitcoin’s turbulent performance in the last month that have left many retail traders with losses, the number of market whales have maintained a steady growth. According to data from on-chain analytics firm Santiment, there has been a net increase of 283 wallets holding 100+ BTC in August, bringing this metric to a 17-month high of 16,120.
An increase in market whales and asset accumulation indicates significant confidence in the token’s profitability in the long term. Thus, this rising level of BTC could be widely interpreted as a bullish signal for the coming months. However, price gains could be expected in Q4 as historical data indicates September may likely present another bearish phase.
As earlier stated Bitcoin continues to trade at around $58,877 with a 7.56% decline in the last week. Meanwhile, the asset’s trading volume is significantly down 61.93% and valued at $12.70 billion.
| crypto | null | null | null |
u_today:d3bd59207094b:0 | BTCUSDT | Important Bitcoin (BTC) $100,000 Reminder Issued by Samson Mow, Hold Tight | u_today | https://u.today | 2024-08-31T20:00:00+00:00 | https://www.tradingview.com/news/u_today:d3bd59207094b:0-important-bitcoin-btc-100-000-reminder-issued-by-samson-mow-hold-tight/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:d3bd59207094b:0-important-bitcoin-btc-100-000-reminder-issued-by-samson-mow-hold-tight/ | EN | Samson Mow, a vocal Bitcoin maximalist and the chief executive officer at JAN3, has published a reminder to the global cryptocurrency community, talking about Bitcoin in his recent tweet."Artificial" Bitcoin priceOnce again, Mow referred to the $100,000 price level. This time, Mow hinted that Bitco… | Samson Mow, a vocal Bitcoin maximalist and the chief executive officer at JAN3, has published a reminder to the global cryptocurrency community, talking about Bitcoin in his recent tweet.
"Artificial" Bitcoin price
Once again, Mow referred to the $100,000 price level. This time, Mow hinted that Bitcoin is being artificially held under that mark. His tweet goes: “Bitcoin under $0.1M is artificial. Enjoy it while you can.”
REMINDER: #Bitcoin under $0.1M is artificial.
Enjoy it while you can. https://t.co/4sFpUumSQD— Samson Mow (@Excellion) August 31, 2024
In early June, the JAN3 boss also touched on that topic. According to that tweet, Mow believes that in order to finally surpass $100,000, the world’s largest cryptocurrency Bitcoin needs first to exceed the all-time high of $73,750 it managed to achieve in March.
After that, Mow continued, the recursive demand shock will step in and will drive BTC all the way above the $100,000 price line.
In one of his tweets published this summer, Mow said he expects Bitcoin to skyrocket to a whopping $1,000,000 within the next year. Even if it happens later than this time frame, he said later, it is still a matter of the nearest future.
Max Keiser reveals five stages of "Bitcoin mastery"
Another prominent Bitcoiner and Bitcoin advisor to El Salvador president Nayib Bukele Max Keiser has engaged in a conversation with his crypto followers on the X platform by publishing “5 stages of Bitcoin mastery.”
Those describe stages of attitude of crypto investors to Bitcoin as they begin to like and understand BTC stronger and finally come to Max Keiser’s famous thesis that “everything is going to zero against Bitcoin.”
The first stage is “I just heard about BTC, I can fix it.” The second one shows an investor’s admiration toward Bitcoin, even though it is not as high as that to altcoins. That is followed by beginning to use BTC for payments (adoption). Then Bitcoin becomes a new asset class for investors and the “best store of value ever.”
5 stages of Bitcoin mastery:
1. just heard about BTC, I can fix it
2. BTC’s great, my shitcoin’s better
3. payments = adoption, not store of value
4. BTC = new asset class; best store of value ever
5. everything goes to zero against BTC
🇸🇻 is on # 3
# 4 soon.— Max Keiser (@maxkeiser) August 30, 2024
By saying that the third stage is being implemented in El Salvador now, where Keiser is the president’s advisor on BTC, he admitted that these stages do not only describe retail investors but also countries. Keiser expects the fourth stage (“BTC = new asset class; best store of value ever”) to arrive soon in the U.S. as well.
| crypto | null | null | null |
beincrypto:a61894513094b:0 | BTCUSDT | Bitcoin Braces For Potential September Downturn; Matrixport Highlights Key Risks | beincrypto | https://beincrypto.com/ | 2024-08-31T12:00:00+00:00 | https://www.tradingview.com/news/beincrypto:a61894513094b:0-bitcoin-braces-for-potential-september-downturn-matrixport-highlights-key-risks/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/beincrypto:a61894513094b:0-bitcoin-braces-for-potential-september-downturn-matrixport-highlights-key-risks/ | EN | Bitcoin investors are bracing for September, historically the worst month for the cryptocurrency’s price. Digital assets platform Matrixport has issued a warning, suggesting Bitcoin could see further declines this month due to various looming risk factors.Matrixport highlighted that Bitcoin faces a… | Bitcoin investors are bracing for September, historically the worst month for the cryptocurrency’s price. Digital assets platform Matrixport has issued a warning, suggesting Bitcoin could see further declines this month due to various looming risk factors.
Matrixport highlighted that Bitcoin faces additional pressure this year, which could impact its price. In its Matrix on Target report, the firm pointed to several key influences, including the US tech sector’s outlook, the Federal Reserve’s decisions, and the upcoming presidential debates, all of which could weigh on Bitcoin’s performance.
Key Factors Impacting Bitcoin’s September Performance
Matrixport noted a strong correlation between AI giant NVIDIA and Bitcoin from late 2022 through the second quarter of 2024. However, Bitcoin has recently lagged behind the AI rally, as seen in NVIDIA’s outperformance. But with both assets now making lower highs, this suggests that there is the potential for a deeper correction.
Last week, NVIDIA’s shares dropped by about 8%, despite exceeding Q2 earnings expectations. Similarly, Bitcoin’s price fell by a similar margin, even with substantial inflows into spot ETFs.
Macroeconomic factors, such as US employment data and potential inflation control measures, could also influence Bitcoin. Federal Reserve Chair Jerome Powell has signaled that interest rate cuts are likely, boosting optimism among investors who believe lower rates could benefit Bitcoin.
However, Matrixport cautioned that historical patterns suggest a less straightforward outcome. During the 2018/2019 rate-hiking cycle, Bitcoin struggled but rallied when the Fed paused rates. When rates were eventually cut, Bitcoin experienced a brief rally followed by a gradual decline, interrupted only by further rate cuts.
This historical pattern introduces uncertainty about Bitcoin’s response to the anticipated rate cut.
The upcoming US election adds to the uncertainty surrounding Bitcoin. While many in the crypto industry favor a Donald Trump presidency, Vice President Kamala Harris has gained significant support, bolstering her campaign.
With both candidates expected to face off in debates imminently, this raises concerns about how the results could impact Bitcoin. A strong debate performance could boost the industry due to Trump’s pro-Bitcoin stance. Conversely, Harris’ victory could introduce further uncertainty, as she has not publicly clarified her position on the leading cryptocurrency.
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newsbtc:787d3ac3b094b:0 | BTCUSDT | Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low | newsbtc | https://www.newsbtc.com | 2024-08-30T23:00:42+00:00 | https://www.tradingview.com/news/newsbtc:787d3ac3b094b:0-bitcoin-continues-to-exit-exchanges-as-supply-drops-to-new-2024-low/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/newsbtc:787d3ac3b094b:0-bitcoin-continues-to-exit-exchanges-as-supply-drops-to-new-2024-low/ | EN | On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins.Bitcoin Exchange Reserve Has Been Riding A Downtrend RecentlyAs explained by an analyst in a CryptoQuant Quicktake post, the BTC Exchange Reserve has continue… | On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins.
Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently
As explained by an analyst in a CryptoQuant Quicktake post, the BTC Exchange Reserve has continued its drawdown recently. The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of Bitcoin that’s currently sitting in the wallets of all centralized exchanges.
When the value of this metric goes up, it means the investors are depositing a net number of tokens to these platforms right now. As one of the main reasons why investors would transfer their coins to exchanges is for selling-related purposes, this kind of trend can lead to a bearish outcome for the asset’s price.
On the other hand, the indicator’s value heading in a downwards trajectory suggests the holders are withdrawing their BTC from the custody of the exchanges. Such a trend can be bullish for the cryptocurrency as it implies investors are in accumulation mode.
Now, here is a chart that shows the trend in the Bitcoin Exchange Reserve since the start of the year 2024:
As displayed in the above graph, the Bitcoin Exchange Reserve has been declining throughout the year, implying that investors have constantly been shifting their coins off into self-custody.
From the graph, it’s visible that a particularly sharp downwards move in the indicator has come as BTC has dropped under the $60,000 level, a potential sign that these coins taken off the exchanges were just freshly bought by their investors, who were looking to take advantage of the price dip.
The drawdown that the Bitcoin Exchange Reserve has been witnessing during the last few months is naturally a positive development for the asset, as it means there is possibly lesser coins that can add to the selling pressure in the market.
But the bullish effect on the price isn’t the only benefit for the cryptocurrency here, as the overall downtrend in the metric implies supply is becoming less concentrated on these platforms.
Exchanges are centralized entities and when investors deposit their coins into wallets associated with them, they lose real ownership over the coins (at least until they withdraw), with them coming under the management of the platform itself.
This means that any mishaps with the exchange, whether a hack or something else, also ends up affecting its users’ holdings. As the FTX collapse showed back in 2022, large exchanges going through destabilization can also destabilize the entire market.
Thus, the less the amount of the supply that these platforms hold, the less should their influence be on the sector. In this view, Bitcoin investors continuing to take their coins off into self-custody is naturally a constructive development.
BTC Price
At the time of writing, Bitcoin is floating around $59,800, down 2% over the last seven days.
| crypto | null | null | null |
beincrypto:a567fcc5e094b:0 | BTCUSDT | 5 Best Crypto Traders to Follow in September 2024 | beincrypto | https://beincrypto.com/ | 2024-08-30T22:30:00+00:00 | https://www.tradingview.com/news/beincrypto:a567fcc5e094b:0-5-best-crypto-traders-to-follow-in-september-2024/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BINANCE:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'BINANCE:SOLUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCSOL'}, {'symbol': 'BINANCE:LINKUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLINK'}] | /news/beincrypto:a567fcc5e094b:0-5-best-crypto-traders-to-follow-in-september-2024/ | EN | In the crypto market, staying ahead of the curve demands more than just surface-level knowledge. Often, it involves following top crypto traders who offer insights that average investors might miss.Some traders have consistently navigated this highly volatile market with skill and precision. As we… | In the crypto market, staying ahead of the curve demands more than just surface-level knowledge. Often, it involves following top crypto traders who offer insights that average investors might miss.
Some traders have consistently navigated this highly volatile market with skill and precision. As we enter September, here are five of the best crypto traders you should consider keeping an eye on.
Crypto Tony
Crypto Tony is one of the best crypto traders to follow in September 2024. With over 448,000 followers on X, Tony regularly advises newbies not to use leverage and to keep to the basics, making him one of the most sought-after traders for beginners.
An assessment of the analyst’s page shows that his focus is on Bitcoin BINANCE:BTCUSD. Altcoins like Ripple BINANCE:XRPUSD, as well as the top meme coins, are part of the analysis Tony shares. In a recent post, the trader posted his thesis on Polkadot (DOT).
According to Tony, DOT, which has seen a notable decline recently, could offer a good entry point for a future purchase.
Pentosh1
Pentosh1 is a pseudonymous crypto trader with over 800,000 followers on X, famous for his short-term analysis of Bitcoin and altcoins. In July, Pentosh1 opined that altcoins might remain stuck in low ranges after most had fallen 15% to 20% from their bear market lows.
Interestingly, this has largely been the case since his prediction. Regarding Bitcoin, Pentosh1 suggests that the cryptocurrency could rally to a new all-time high soon.
“Believe it only to be a matter of time before BTC hits a new ATH. Look at the last 6 months alone, an ETF approval that has been the most successful ETF in history and is now capturing a large portion of the political environment with multiple nation-states discussing it on top,” he posted.
Benjamin Cowen
Third on this list is Bejaminn Cowen, who previously appeared on the best crypto traders list in June. Cowen’s emergence is again linked to his expertise in providing detailed analysis from a technical and macroeconomic perspective.
Unlike Pentosh1 and Crypto Tony, who focus on X, Cowen manages a YouTube page in addition to his X account. On YouTube, the trader has 809,000 subscribers. On X, Cowen, who is the founder and CEO of IntoTheCryptoverse, boasts 852,000 followers.
Two days ago, the analyst shared his opinion on Solana BINANCE:SOLUSD, noting that the altcoin’s price decline does not mean that the correction is over. However, Cowen also admits that a recovery might not take a long period, but a fall looks likely before that.
Bluntz Capital
With 273,300 followers on X, Bluntz focuses on the top two cryptos: Bitcoin and Ethereum . Recently, in a post on the social media platform, the trader explained that BTC’s price might struggle from now till October.
For ETH, Bluntz revealed that crypto whales might soon start selling Bitcoin for Ethereum, possibly helping the altcoin price breakout.
“The range is about to be reclaimed, and the 3D bull div is on ETHBTC brewing, and whales are selling BTC into ETH for the first time in this cycle,” Blutnz wrote.
Apart from these two, Bluntz, who the market sees as one of the best crypto traders, also analyzes meme coins. On August 25, the trader told his followers that it might be time for cat-themed meme coins to dominate the market again after a relatively quiet period.
CrediBULL Crypto
CrediBULL Crypto, a trader with 415,500 followers on X, mostly shares theses on altcoins. On his page, you will find analysis related to Chainlink BINANCE:LINKUSD, ETH, and even DeFi coins like Curve (CRV).
However, this trader engages in leverage trading. As such, the risk appetite might not be one for beginners who are likely to be comfortable with holding spot positions. Nevertheless, CrediBULL Crypto remains one of the best traders to follow in September 2024.
In conclusion, while the five traders highlighted in this article have demonstrated their reliability, it’s crucial to make your own trading decisions. Following these traders can help you build confidence and improve your technical and fundamental analysis skills.
However, the crypto market’s unpredictable nature can present challenges. To maximize potential returns, always conduct your own research.
| crypto | null | null | null |
cointelegraph:06987b17e094b:0 | BTCUSDT | Scientific paper argues Bitcoin mining can reduce methane emissions | cointelegraph | https://cointelegraph.com | 2024-08-30T22:03:00+00:00 | https://www.tradingview.com/news/cointelegraph:06987b17e094b:0-scientific-paper-argues-bitcoin-mining-can-reduce-methane-emissions/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cointelegraph:06987b17e094b:0-scientific-paper-argues-bitcoin-mining-can-reduce-methane-emissions/ | EN | A new peer-reviewed scientific paper, titled An integrated landfill gas-to-energy and Bitcoin mining framework, appearing in the Aug. 29 edition of the Journal of Cleaner Production, demonstrated how Bitcoin BINANCE:BTCUSD mining could reduce methane emissions.The research paper detailed how Bitcoi… | A new peer-reviewed scientific paper, titled An integrated landfill gas-to-energy and Bitcoin mining framework, appearing in the Aug. 29 edition of the Journal of Cleaner Production, demonstrated how Bitcoin BINANCE:BTCUSD mining could reduce methane emissions.
The research paper detailed how Bitcoin miners are uniquely positioned to leverage "Landfill Gas to Energy" (LFGTE) systems that capture and convert methane gas from garbage landfills into usable energy—sequestering the greenhouse gas and reducing its harmful effects on the atmosphere.
Bitcoin mining features the proper incentive structure for such a capital-intensive, long-term commitment project, which other private enterprises lack due to the absence of sustainable revenue generation and cost recovery strategies, the authors of the paper argued. According to the researchers:
"Bitcoin’s economic incentives, available globally for miners in any location, may offer an innovative solution for encouraging methane mitigation without the need for government incentives—presenting a scalable and novel solution for rapid deployment."Additionally, the researchers noted that this incentive structure isn't limited to methane emissions, but could also be used to recycle underutilized energy in the form of "Orphaned oil, gas wells, wastewater treatment plants, farms, and agricultural processing operations."
Marathon Digital capitalizes on LFGTE systems
In 2023, MARA, formerly known as Marathon Digital, teamed up with Nodal Power to mine Bitcoin using methane gas in Utah. At the time the 280-kilowatt initiative was first announced, MARA Chairman and CEO Fred Thiel had this to say:
“At Marathon, we are constantly seeking innovative ways to diversify our operations, lower our energy costs, and leverage the unique aspects of Bitcoin mining to better the environments in which we operate.”In May 2024, the company furthered this mission statement by signing a deal with the Kenyan government to develop renewable energy infrastructure inside the country.
Findings corroborated by other research papers
The recent research paper appearing in the Journal of Cleaner Production wasn't the first to touch on the theme of Bitcoin miners reducing emissions by repurposing underused energy sources.
In 2023, a research study published by the Institute of Risk Management found that Bitcoin mining operations could reduce global emissions by around 8% by 2030.
| crypto | null | null | null |
DJN_SN20240830011761:0 | SPX | Here are the S&P 500's best-performing stocks in August | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-30T21:49:00+00:00 | https://www.tradingview.com/news/DJN_SN20240830011761:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:ACGL', 'base_logoid': 'arch-capital'}, {'symbol': 'NYSE:LLY', 'base_logoid': 'eli-lilly'}, {'symbol': 'NYSE:PGR', 'base_logoid': 'progressive-ohio'}, {'symbol': 'NASDAQ:SBUX', 'base_logoid': 'starbucks'}, {'symbol': 'NYSE:K', 'base_logoid': 'kellogg'}, {'symbol': 'NYSE:CLX', 'base_logoid': 'clorox'}, {'symbol': 'NASDAQ:CRWD', 'base_logoid': 'crowdstrike'}, {'symbol': 'NASDAQ:AXON', 'base_logoid': 'axon-enterprise'}, {'symbol': 'NASDAQ:FTNT', 'base_logoid': 'fortinet'}, {'symbol': 'NYSE:KVUE', 'base_logoid': 'kenvue'}] | /news/DJN_SN20240830011761:0/ | EN | By Philip van DoornKellanova led the list after accepting a takeout offer from Mars, while Starbucks might have been the month's biggest positive surpriseAugust was a month of increased volatility for the S&P 500. But a 6.1% slide during the first three trading sessions of the month was reversed, a… | By Philip van Doorn
Kellanova led the list after accepting a takeout offer from Mars, while Starbucks might have been the month's biggest positive surprise
August was a month of increased volatility for the S&P 500. But a 6.1% slide during the first three trading sessions of the month was reversed, and the U.S. large-cap benchmark index ended August with a 2.3% gain.
So far this year, the S&P 500 SPX has risen 18.4%, following a 24.2% gain in 2023. All price changes in this article exclude dividends.
Here's how the 11 sectors of the S&P 500 performed during August, along with year-to-date price changes and those for the previous two years, with the full index at the bottom:
Sector or index August price change 2024 price change 2023 price change 2022 price change
Consumer Staples 5.8% 15.8% -2.2% -3.2%
Real Estate 5.6% 8.5% 8.3% -28.4%
Healthcare 5.0% 15.0% 0.3% -3.6%
Financials 4.4% 21.2% 9.9% -12.4%
Utilities 4.3% 19.8% -10.2% -1.4%
Industrials 2.7% 15.1% 16.0% -7.1%
Materials 2.2% 10.0% 10.2% -14.1%
Communication Services 1.2% 22.3% 54.4% -40.4%
Information Technology 1.2% 26.5% 56.4% -28.9%
Consumer Discretionary -1.1% 5.8% 41.0% -37.6%
Energy -2.3% 8.7% -4.8% 59.0%
S&P 500 2.3% 18.4% 24.2% -19.4%
Source: FactSet As investors looked ahead to a cycle of interest-rate cuts by the Federal Reserve, it might not have been such a surprise to see value-oriented sectors of the stock market coming to the fore during August. Slower-growing companies that trade relatively low to earnings, sales or book value might see more of a benefit from lower interest rates, because they tend to have a higher level of borrowings than rapidly growing Big Tech companies whose expansion is driven by cash flow.
Federal Reserve Chair Jerome Powell's statement at the Jackson Hole Economic Policy Symposium on Aug. 23 that "the time has come" for lower interest rates sets the stage for a cycle of cuts to the federal-funds rate, beginning with Federal Open Market Committee's two-day policy meeting in September.
Best-performing stocks of August
Among the S&P 500, 71% of stocks showed gains for the month, with 52 rising by double-digit percentages - led by these 10:
Axon Enterprise Inc. Ticker August price change 2024 price change 2023 price change 2022 price change
Kellanova K 38.6% 44.2% -22% 11%
Fortinet Inc. FTNT 32.2% 31.1% 20% -32%
Axon Enterprise Inc AXON 21.7% 41.3% 56% 6%
Starbucks Corp. SBUX 21.3% -1.5% -3% -15%
Clorox Co. CLX 20.0% 11.0% 2% -20%
CrowdStrike Holdings Inc. CRWD 19.5% 8.6% 142% -49%
Eli Lilly and Co. LLY 19.4% 64.7% 59% 32%
Kenvue Inc. KVUE 18.7% 2.0% N/A N/A
Arch Capital Group Ltd. ACGL 18.1% 52.3% 18% 41%
Progressive Corp. PGR 17.8% 58.3% 23% 26%
Source: FactSet Read: Tomi Kilgore's guide to the wealth of information available for free on the MarketWatch quote page.
Kellanova (K) was formerly known as Kellogg's before that company split off its cereal business to the newly formed WK Kellogg Co. (KLG) in October.
Kellanova, which owns snack brands including Pringles and Cheez-It, agreed on Aug. 14 to be acquired by Mars for $83.50 per share in cash, or about $35.9 billion. Kellanova's shares closed Friday at $80.53 - a 4% discount to the takeout price.
Read: Mars-Kellanova deal likely to avoid antitrust hurdles and open door for more M&A
Shares of Starbucks Corp. (SBUX) ended the month with a 21.3% gain, and are now down only slightly for 2024. Following a dismal quarterly earnings report on July 30, investors cheered on Aug. 13 after the company said Brian Nicol would become its new chief executive in September - sending the stock up 24% that day. Nicol will leave his current position as CEO of Chipotle Mexican Grill Inc. (CMG) on Saturday.
After finishing as the second-worst performer in the S&P 500 during July, CrowdStrike Holdings Inc.'s (CRWD) stock bounced back in August to rank as the index's sixth-largest gainer. Investors had been worried about the impact of a CrowdStrike software update that spurred a major July technology outage and angered customers who lost out on business. But CrowdStrike reset expectations when it reported earnings this week, cutting its guidance but reassuring investors that customers still wanted to do business with it.
Fellow cybersecurity company Fortinet Inc. (FTNT) impressed with its own outlook earlier in the month. That came after a disappointing report a quarter earlier.
Worst performing stocks of August: Super Micro offers investors a bit of relief after stock's worst month on record
Don't miss: This approach to dividend stocks can diversify your S&P 500 index-fund exposure
Emily Bary contributed to this article.
-Philip van Doorn
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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tag:reuters.com,2024:newsml_L1N3KH0WS:0 | SPX | Stocks end turbulent month higher as US data sets stage for rate cut | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T21:14:20+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0WS:0-stocks-end-turbulent-month-higher-as-us-data-sets-stage-for-rate-cut/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'TVC:SXXP', 'base_logoid': 'indices/stoxx-600'}, {'symbol': 'TVC:US10Y', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'ICEEUR:BRN1!', 'base_logoid': 'crude-oil'}, {'symbol': 'NYMEX:CL1!', 'base_logoid': 'crude-oil'}, {'symbol': 'TVC:GOLD', 'base_logoid': 'metal/gold'}] | /news/reuters.com,2024:newsml_L1N3KH0WS:0-stocks-end-turbulent-month-higher-as-us-data-sets-stage-for-rate-cut/ | EN | Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak. The U.S. personal consumption expenditures (PCE) price… | Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak.
The U.S. personal consumption expenditures (PCE) price index - which is the Federal Reserve's preferred inflation measure - rose 0.2% in July, according to Commerce Department data released on Friday.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.5% last month, the report showed. The data sets the stage for the Fed to likely begin easing monetary policy from September.
The Dow Jones Industrial Average DJ:DJI finished up 0.55% to 41,563.08, reaching the second consecutive record high close. Benchmark S&P 500 SP:SPX gained 1.01% to 5,648.40 and the Nasdaq Composite TVC:IXIC gained 1.13% to 17,713.62. For the month, the Dow finished up 1.8%, S&P 500 added 2.3%, and the Nasdaq gained 0.6%.
Europe's Stoxx index TVC:SXXP closed up 0.09% after touching a record intraday high while Britain's FTSE 100 CURRENCYCOM:UK100 eased 0.04%. MSCI's world share index EURONEXT:IACWI rose 0.77%, making it a 2.40% monthly gain.
The stunning recovery from an early August sell-off reminiscent of October 1987's "Black Monday" came as traders priced a so-called Goldilocks scenario, in which the U.S. economy keeps growing but not so much as to prevent interest rate cuts.
Money markets are confidently pricing the Fed's first 25 basis point cut of this cycle at its September meeting, with a 33% chance of a jumbo 50 bp reduction.
The U.S. economy grew faster than initially thought in the second quarter of this year because of strong consumer spending, and corporate profits, a report on Thursday showed.
"The last few days we've started out a little stronger and then drifted during the day and in many cases closed either break even or slightly positive or slightly negative," said Tom Plumb, chief executive and portfolio manager at Plumb Funds.
"I think that is a sign of a cycle where you start to see people transition to a different environment and it's not positive for the past leaders," he added, referring to the so-called "Magnificent 7" tech stocks that were at the forefront of this year's stock market rally.
Government bonds rallied in early August after a weaker-than-expected U.S. jobs report and a surprise Bank of Japan rate hike wreaked chaos in currency carry trades and drove heavy selling of risky assets.
The yield on benchmark U.S. 10-year notes TVC:US10Y, which moves inversely to prices, rose 4.2 basis points on Friday to 3.909%. The 2-year note (US2YT=RR) yield, which typically moves in step with interest rate expectations, rose 2.4 basis points to 3.9165%.
"As we're starting to lay out what our expectations are for an environment with lower interest rates, at least lower short term rates... we're already starting to see a change in the shape of the yield curve, which impacts the bond market but also the stock market," Plumb added.
EURO FLAT
The dollar TVC:DXY steadied near a one-week high versus a basket of other major currencies, on track to snap a five-week losing streak although still heading for around a 2.5% monthly loss.
Against the yen FX_IDC:USDJPY, the dollar stood at 146.14, set to lose more than 2.5% for the month, as pressure eased on the Japanese currency on the prospect of narrowing interest rate differentials.
Core inflation in Japan's capital Tokyo accelerated for a fourth straight month in August, data showed on Friday, with the 2.4% price increase signalling further BoJ rate hikes ahead.
The euro FX:EURUSD was down 0.2% at $1.105, having declined on Thursday after softer-than-expected German inflation data increased bets on further European Central Bank rate cuts.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.48% and ended the month 2% higher. Japan's Nikkei TVC:NI225, following its early August collapse, was down 1.16% for the month after rising 0.74% on Friday.
Oil prices fell. Brent crude futures for October delivery ICEEUR:BRN1!, which expire on Friday, settled 1.43% at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month.
U.S. West Texas Intermediate crude NYMEX:CL1! futures settled down 3.11% to $73.55, a drop of 1.7% in the week and a 3.6% decline in August.
Gold prices weakened but looking at a 2.8% monthly gain. Spot gold TVC:GOLD lost 0.74% to $2,502.44 an ounce. U.S. gold futures TVC:GOLD settled 1.3% lower at $2,527.6
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tag:reuters.com,2024:newsml_L1N3KH0YE:0 | USDJPY | Dow notches record high close after upbeat economic data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T21:04:18+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0YE:0-dow-notches-record-high-close-after-upbeat-economic-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:S5INDU', 'base_logoid': 'sector/industrial'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:NVAX', 'base_logoid': 'novavax'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:DJT', 'base_logoid': 'digital-world-acquisition-corp'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L1N3KH0YE:0-dow-notches-record-high-close-after-upbeat-economic-data/ | EN | Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.U.S. consumer spending increased solidly in July… | Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.
"Investors are seeing another sign of being in a soft landing," said Cameron Dawson, chief investment officer at Newedge Wealth. "It's another one of those Goldilocks kind of reports really threading a needle right down the center. The market is really getting exactly what it wanted."
A "just-right" Goldilocks economy has steady growth, but not too much that it fuels excessive inflation.
Amazon.com NASDAQ:AMZN and Tesla NASDAQ:TSLA each jumped over 3%.
Broadcom NASDAQ:AVGO rallied nearly 4%, while Marvell Technology NASDAQ:MRVL surged 9% after the chipmaker forecast quarterly results above estimates.
The personal consumption expenditures report came on Friday after Fed Chair Jerome Powell last week expressed support for an imminent policy adjustment.
Economic data next week includes the Labor Department's August jobs report, due on Friday.
Money markets suggest traders mostly expect the Fed to cut rates by 25 basis points in September, with odds of a 50 basis point cut dimming further after Friday's data, according to CME Group's FedWatch Tool.
Friday ended a tumultuous month on Wall Street after signs of a sudden moderation in the labor market in early August sparked fears of a U.S. recession. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Shares have rebounded since then, with the S&P 500 trading near record highs.
Ahead of Monday's U.S. stock market holiday for Labor Day, volume on U.S. exchanges was relatively light, with 11.2 billion shares traded, compared to an average of 11.4 billion shares over the previous 20 sessions.
The S&P 500 SP:SPX climbed 1.01% to end at 5,648.40 points.
The Nasdaq Composite Index TVC:IXIC climbed 1.13% to 17,713.62 points, while the Dow Jones Industrial Average DJ:DJI rose 0.55% to 41,563.08 points.
All 11 S&P 500 sector indexes rose, led by consumer discretionary SP:S5COND, up 1.9%, followed by a 1.1% gain in industrials SP:S5INDU.
For the month, the S&P 500 rose 2.3%, the Dow added 1.8% and the Nasdaq climbed 0.6%.
Nvidia NASDAQ:NVDA rose 1.5%, rebounding from a 6.4% drop on Thursday after the artificial intelligence-chip bellwether failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast.
Novavax NASDAQ:NVAX surged 8.6% after the U.S. Food and Drug Administration granted emergency use authorization for an updated version of its COVID shot.
Ulta Beauty NASDAQ:ULTA slid 4% after it trimmed its annual results forecasts, citing slowing demand for higher-priced cosmetics and fragrances at its stores.
Intel NASDAQ:INTC jumped almost 10% following a report it was exploring options that could include a merger.
Dell Technologies NYSE:DELL, another AI-related stock, advanced 4.3% after lifting its annual revenue and profit forecasts.
Shares of Trump Media & Technology Group NASDAQ:DJT, majority owned by former U.S. President Donald Trump, dipped 1.7% to a record low, leaving its stock market value at $3.9 billion.
Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 6.6-to-one ratio.
The S&P 500 posted 79 new highs and two new lows; the Nasdaq recorded 84 new highs and 77 new lows.
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beincrypto:ca2ee586d094b:0 | BTCUSDT | Bitcoin (BTC) Faces One-Month Countdown to Potentially Lucrative Q4 | beincrypto | https://beincrypto.com/ | 2024-08-30T21:00:00+00:00 | https://www.tradingview.com/news/beincrypto:ca2ee586d094b:0-bitcoin-btc-faces-one-month-countdown-to-potentially-lucrative-q4/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/beincrypto:ca2ee586d094b:0-bitcoin-btc-faces-one-month-countdown-to-potentially-lucrative-q4/ | EN | Bitcoin’s BINANCE:BTCUSD price has experienced varying levels of return for each quarter of the last five years. However, one thing synonymous with these periods is how the coin produces a positive return between October and December.With September approaching, BTC could be close to another season… | Bitcoin’s BINANCE:BTCUSD price has experienced varying levels of return for each quarter of the last five years. However, one thing synonymous with these periods is how the coin produces a positive return between October and December.
With September approaching, BTC could be close to another season where the price might go on a parabolic rally. Will it be the same this time?
What History Says About Bitcoin Performance in Q4
Historically, Bitcoin’s price tends to underperform in the third quarter (Q3). However, according to a chart shared by analyst Axel Adler, Bitcoin has seen an average increase of 26% every fourth quarter (Q4) since 2019.
For example, in October 2023, BTC traded around $26,000. By December, it had surged to $44,000. In contrast, Bitcoin didn’t achieve such gains in 2022 due to the FTX contagion, which pushed the market into a bear phase.
In 2021, Bitcoin rose from $40,000 to $69,000 between September and November, before experiencing a slight decline in December. A similar pattern occurred in 2020 when BTC’s price doubled during Q4.
If this pattern holds true, Bitcoin’s price could be poised for a significant increase once September ends. To gauge this potential, it’s crucial to evaluate the current market conditions surrounding the coin.
BeInCrypto specifically examines the Realized Price, which represents the average price the entire market paid for Bitcoin. Historically, this metric has served as an on-chain support or resistance level for BTC.
At press time, Bitcoin’s Realized Price is $31,400. This value appears to be providing support for the cryptocurrency, as indicated by the CryptoQuant chart below. For the Realized Price to act as resistance, it would need to align with or exceed Bitcoin’s current market value.
When this happens, the value tends to decrease afterward. Therefore, the current value of the metric suggests that Bitcoin still has a good upside potential. Hence, a significant price increase could be likely by Q4 and before the end of this year.
BTC Price Prediction: The Coin Hints at a 24% Gain, But First…
As of this writing, Bitcoin is trading at $59,551, down from $64,452. Notably, this price is hovering around the 200-day Exponential Moving Average (EMA), a key technical indicator that measures trend direction. The 200 EMA (blue) offers insights into the long-term trend.
When the 200 EMA rises above Bitcoin’s price, it often stalls the uptrend or pulls it down. Conversely, when the 200 EMA is below the price, it creates room for Bitcoin to grow. Currently, if BTC fails to climb above this indicator, its price could drop to $57,818 or potentially as low as $54,474.
The Chaikin Money Flow (CMF), which tracks the flow of liquidity into a cryptocurrency, also supports the possibility of a decline. The CMF reading has dropped, signaling a decrease in buying pressure.
However, if past performance is any indication, BTC could rise by 24% in the early months of Q4, pushing the coin’s price to $71,974. On the other hand, if the broader market experiences a significant decline in capital inflow, this prediction could be invalidated, potentially causing Bitcoin’s price to fall to $49,068.
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te_news:427063:0 | SPX | The Dow Jones Index Closes 0.55% Higher | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T20:35:08+00:00 | https://www.tradingview.com/news/te_news:427063:0-the-dow-jones-index-closes-0-55-higher/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:427063:0-the-dow-jones-index-closes-0-55-higher/ | EN | In New York, the Dow Jones Index gained 228 points or 0.55 percent on Friday.Gains were led by Intel (9.54%), Amazon (3.78%) and IBM (1.55%).Biggest losers were Salesforce (-1.84%), Dow (-0.56%) and American Express (-0.31%). | In New York, the Dow Jones Index gained 228 points or 0.55 percent on Friday.
Gains were led by Intel (9.54%), Amazon (3.78%) and IBM (1.55%).
Biggest losers were Salesforce (-1.84%), Dow (-0.56%) and American Express (-0.31%).
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DJN_DN20240830008774:0 | SPX | S&P 500 Rises 2.28% This Month to 5648.40 — Data Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T20:31:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830008774:0-s-p-500-rises-2-28-this-month-to-5648-40-data-talk/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830008774:0-s-p-500-rises-2-28-this-month-to-5648-40-data-talk/ | EN | The S&P 500 Index is up 126.10 points or 2.28% this month to 5648.40Data based on preliminary market closing valuesSource: Dow Jones Market Data, FactSet | The S&P 500 Index is up 126.10 points or 2.28% this month to 5648.40
Largest one-month point and percentage gain since June 2024Up for four consecutive monthsUp 612.71 points or 12.17% over the last four monthsLargest four-month point and percentage gain since March 2024Longest winning streak since March 2024 when the market rose for five straight monthsUp nine of the past 10 monthsThis week it is up 13.79 points or 0.24%Up for three consecutive weeksUp 304.24 points or 5.69% over the last three weeksLargest three-week point and percentage gain since the week ending Nov. 17, 2023Today it is up 56.44 points or 1.01%Second highest close in historyLargest one-day point and percentage gain since Friday, Aug. 23, 2024Snaps a two-trading-day losing streakOff 0.33% from its record close of 5667.20 hit Tuesday, July 16, 2024Up 67.65% from the Election Day close of 3369.16 on Tuesday, Nov. 3, 2020Up 46.64% from the Inauguration Day close of 3851.85 on Wednesday, Jan. 20, 2021Today's closing value is the second highest this yearHighest closing value since Tuesday, July 16, 2024Off 0.33% from its 52-week high of 5667.20 hit Tuesday, July 16, 2024Up 37.18% from its 52-week low of 4117.37 hit Friday, Oct. 27, 2023Rose 25.08% from 52 weeks agoOff 0.33% from its 2024 closing high of 5667.20 hit Tuesday, July 16, 2024Up 20.47% from its 2024 closing low of 4688.68 hit Thursday, Jan. 4, 2024Year-to-date it is up 878.57 points or 18.42%Data based on preliminary market closing values
Source: Dow Jones Market Data, FactSet
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urn:newsml:mtnewswires.com:20240830:A3214540:0 | SPX | Dow Stretches Record Closing Run; S&P 500, Nasdaq Rise | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T20:27:42+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:A3214540:0-dow-stretches-record-closing-run-s-p-500-nasdaq-rise/ | null | [{'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:IBM', 'base_logoid': 'international-bus-mach'}, {'symbol': 'NASDAQ:MDB', 'base_logoid': 'mongodb'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}] | /news/mtnewswires.com:20240830:A3214540:0-dow-stretches-record-closing-run-s-p-500-nasdaq-rise/ | EN | The Dow Jones Industrial Average extended its record closing run Friday as markets evaluated the Federal Reserve's preferred inflation gauge. The Dow rose 0.6% to 41,563.1, while the Nasdaq Composite jumped 1.1% to 17,713.6. The S&P 500 advanced 1% to 5,648.4. All sectors notched gains, led by cons… | The Dow Jones Industrial Average extended its record closing run Friday as markets evaluated the Federal Reserve's preferred inflation gauge.
The Dow rose 0.6% to 41,563.1, while the Nasdaq Composite jumped 1.1% to 17,713.6. The S&P 500 advanced 1% to 5,648.4. All sectors notched gains, led by consumer discretionary's 1.9% surge.
For the month of August, the S&P 500 soared 2.3%, while the Dow increased 1.8%. The Nasdaq gained 0.6%.
US markets will be closed Monday for Labor Day.
In economic news, US consumer spending rose in line with market expectations in July, while the Fed's preferred inflation metric unexpectedly held steady at the annual level, government data showed.
"This personal income and spending report was just what the Fed needed to see to further its confidence to start reducing interest rates," BMO said in a note to clients. "Tame headline and core price readings and slowing real disposable income growth should help keep inflation and consumer spending in-check, even as the Fed starts reducing its monetary restriction."
US consumer sentiment in August improved for the first time in five months, while year-ahead inflation expectations continued to drift lower, final results from the University of Michigan's Surveys of Consumers showed.
The US 10-year yield rose 3.6 basis points to 3.90%, while the two-year rate added 2.1 basis points to 3.91%.
In company news, Intel NASDAQ:INTC shares jumped 9.5%, the top gainer on the S&P 500 and the Dow, and the second-best on the Nasdaq. The chipmaker is working with investment bankers Morgan Stanley and Goldman Sachs on several options as its faces challenges, Bloomberg News reported.
Separately, Intel and International Business Machines NYSE:IBM said Thursday they signed a partnership to install the chipmaker's Gaudi 3 artificial intelligence accelerators on IBM Cloud. IBM shares closed 1.6% higher Friday.
MongoDB NASDAQ:MDB was the best performer on the Nasdaq, up 18%. The database software maker late Thursday lifted its full-year outlook. The move was prompted by better-than-expected fiscal Q2 results and improving consumption trends, RBC Capital Markets said in a note to clients.
Ulta Beauty NASDAQ:ULTA shares fell 4%, the steepest decline on the S&P 500. The beauty retailer late Thursday posted lower-than-expected earnings and comparable sales for its fiscal Q2 and downgraded its guidance. These are expected to be a drag on the company's share price in the near term, Evercore ISI said in a note.
Overall, S&P 500 companies' quarterly per-share earnings have grown by almost 12% year over year on average, with 74% of firms topping Wall Street estimates as the latest reporting season approaches its close, UBS Securities said in a note.
West Texas Intermediate crude oil fell 3% to $73.62 a barrel.
Gold dropped 1% to $2,535.20 per troy ounce, while silver slumped 2.5% to $29.25 per ounce.
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH0WY:0 | USDJPY | Dow notches record high close after upbeat economic data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T20:22:35+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0WY:0-dow-notches-record-high-close-after-upbeat-economic-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:S5INDU', 'base_logoid': 'sector/industrial'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:DJT', 'base_logoid': 'digital-world-acquisition-corp'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L1N3KH0WY:0-dow-notches-record-high-close-after-upbeat-economic-data/ | EN | Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.U.S. consumer spending increased solidly in July… | Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.
"Investors are seeing another sign of being in a soft landing," said Cameron Dawson, chief investment officer at Newedge Wealth. "It's another one of those Goldilocks kind of reports really threading a needle right down the center. The market is really getting exactly what it wanted."
A "just-right" Goldilocks economy has steady growth, but not too much that it fuels excessive inflation.
Amazon.com NASDAQ:AMZN and Tesla NASDAQ:TSLA each jumped over 3%.
Broadcom NASDAQ:AVGO rallied nearly 4%, while Marvell Technology NASDAQ:MRVL surged 9% after the chipmaker forecast quarterly results above estimates.
Friday's personal consumption expenditures report was the last major economic data release before the Fed's September meeting. Chair Jerome Powell last week expressed support for an imminent policy adjustment.
Money markets suggest traders mostly expect the Fed to cut rates by 25 basis points in September, with odds of a 50 basis point cut dimming further after Friday's data, according to CME Group's FedWatch Tool.
Friday ended a tumultuous month on Wall Street after signs of a sudden moderation in the labor market in early August sparked fears of a U.S. recession. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Shares have rebounded since then, with the S&P 500 trading near record highs.
Ahead of Monday's U.S. stock market holiday for Labor Day, volume on U.S. exchanges was relatively light, with 11.2 billion shares traded, compared to an average of 11.4 billion shares over the previous 20 sessions.
The S&P 500 SP:SPX climbed 1.01% to end at 5,648.40 points.
The Nasdaq Composite Index TVC:IXIC climbed 1.13% to 17,713.62 points, while the Dow Jones Industrial Average DJ:DJI rose 0.55% to 41,563.08 points.
All 11 S&P 500 sector indexes rose, led by consumer discretionary SP:S5COND, up 1.9%, followed by a 1.1% gain in industrials SP:S5INDU.
For the month, the S&P 500 rose 2.3%, the Dow added 1.8% and the Nasdaq climbed 0.6%.
Nvidia NASDAQ:NVDA rose 1.5%, rebounding from a 6.4% drop on Thursday after the artificial intelligence-chip bellwether failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast.
Ulta Beauty NASDAQ:ULTA slid 4% after it trimmed its annual results forecasts, citing slowing demand for higher-priced cosmetics and fragrances at its stores.
Intel NASDAQ:INTC jumped almost 10% following a report it was exploring options that could include a merger.
Dell Technologies NYSE:DELL, another AI-related stock, advanced 4.3% after lifting its annual revenue and profit forecasts.
Shares of Trump Media & Technology Group NASDAQ:DJT, majority owned by former U.S. President Donald Trump, dipped 1.7% to a record low, leaving its stock market value at $3.9 billion.
Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 6.6-to-one ratio.
The S&P 500 posted 79 new highs and two new lows; the Nasdaq recorded 84 new highs and 77 new lows.
| forex | null | null | null |
forexlive:aaf8395aa094b:0 | USDJPY | Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report | forexlive | https://www.forexlive.com/ | 2024-08-30T20:18:42+00:00 | https://www.tradingview.com/news/forexlive:aaf8395aa094b:0-forexlive-americas-fx-news-wrap-us-dollar-strengthens-despite-slightly-cooler-pce-report/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/forexlive:aaf8395aa094b:0-forexlive-americas-fx-news-wrap-us-dollar-strengthens-despite-slightly-cooler-pce-report/ | EN | Markets:It was tough to tie the fundamentals to the market moves today, as is often the case at month end. Tokyo CPI was hot earlier and US PCE was a tad cool and normally that's the recipe for a USD/JPY decline but it was just the opposite as the pair climbed 116 pips in a steady rally that starte… | Markets:
Gold down $19 to $2501WTI crude oil down $2.47 to $73.44US 10-year yields up 4.3 bps to 3.81%S&P 500 up 0.6%USD leads, JPY lags.It was tough to tie the fundamentals to the market moves today, as is often the case at month end. Tokyo CPI was hot earlier and US PCE was a tad cool and normally that's the recipe for a USD/JPY decline but it was just the opposite as the pair climbed 116 pips in a steady rally that started in Europe and never eased.
That was part of broad bids in the US dollar that were supported somewhat by rising Treasury yields. However the 30 pip decline in the Australian dollar certainly went against the rip in equities.
The Canadian dollar was particularly volatile and rallied initially on a strong GDP number. However the details of that report showed no growth in June and July plus the vast majority of the growth in the quarter was driven by government spending. That led to a rethink, particularly following the drop in oil prices. All told, there were four 30-pip straight line moves in USD/CAD trading to round out a lively month. That will give North Americans plenty to digest over the long weekend.
The euro finishes the month above 1.10, which is a nice victory but a cent-and-a-half from Monday's high of 1.1201. It declined in four of the five days this week in a setback after three weeks of strong gains.
Similarly, cable fell for the third consecutive day and showed few signs of life in month end trade.
On net, the US dollar rebound balances the market heading into what's going to be a lively September. Have a great weekend.
Justin and Eamonn will be back next week.
| forex | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH0KM:0 | USDJPY | US dollar rises broadly as inflation data underpins smaller Fed cut | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T20:14:49+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0KM:0-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDCNY', 'logoid': 'country/CN', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURJPY', 'logoid': 'country/JP', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDCHF', 'logoid': 'country/CH', 'base_logoid': 'country/US'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX_IDC:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}, {'symbol': 'FX:EURCHF', 'logoid': 'country/CH', 'base_logoid': 'country/EU'}, {'symbol': 'FX:EURGBP', 'logoid': 'country/GB', 'base_logoid': 'country/EU'}, {'symbol': 'FX:NZDUSD', 'logoid': 'country/US', 'base_logoid': 'country/NZ'}, {'symbol': 'FX_IDC:USDNOK', 'logoid': 'country/NO', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURNOK', 'logoid': 'country/NO', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDSEK', 'logoid': 'country/SE', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURSEK', 'logoid': 'country/SE', 'base_logoid': 'country/EU'}] | /news/reuters.com,2024:newsml_L1N3KH0KM:0-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut/ | EN | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, supporting expectations the Federal Reserve will likely cut interest rates by a smaller 25 basis points next month, instead of 50 bps.Some market par… | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, supporting expectations the Federal Reserve will likely cut interest rates by a smaller 25 basis points next month, instead of 50 bps.
Some market participants had expected the larger cut next month on the notion that the Fed was behind the curve in terms of easing and should play catchup.
U.S. rate futures on Friday implied a 31% chance of a 50 basis-point rate cut next month, down from Thursday's 35% probability, LSEG calculations showed, with the market fully pricing at the September meeting the Fed's first easing in more than four years.
Markets have also factored in about 100 bps of cuts by the end of 2024.
The dollar rose 0.8% to 146.09 yen after the inflation data FX_IDC:USDJPY, for its largest daily gain in two weeks. It was up 1.2% for the week, on track for its biggest weekly rise since mid-June.
But the greenback remained down 2.6% for August, falling for a second straight month versus the Japanese currency.
Friday's data showed the personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain.
Consumer spending was also 0.5% higher last month after expanding 0.3% in June.
"Obviously, we are going to get a rate cut, and I think that whether it's 25 or 50, that's still debatable and that will all depend on next week's employment data," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
"I see three rate cuts and I see the possibility of a half a percent in September, depending on the employment data. If not, it'll be 25-basis-point cut in September and then 50-basis-point cut in December."
The dollar index, a gauge of its value against six major peers, climbed to a 10-day high after the inflation data and was last up 0.3% at 101.7 TVC:DXY. On the week, it rose 1%, on track for its best weekly performance since early April.
This month, however, the index fell 2.6%, its weakest since November last year.
The dollar overall continued to benefit from month-end flows, having been sold after Fed Chair Jerome Powell at a Jackson Hole gathering last week gave the clearest signal yet that the U.S. central bank will cut interest rates at the September meeting.
Separate economic reports showed that the University of Michigan's monthly consumer sentiment index survey edged up to 67.9 in August from July's eight-month low of 66.4, snapping a four-month slide. U.S. consumers see inflation continuing to moderate in the next year, the survey showed, with a gauge of price growth expectations published on Friday at the lowest level in August since late 2020.
The dollar briefly trimmed gains after the report.
In other currencies, the euro dipped 0.2% against the dollar to $1.1050 FX:EURUSD. It has fallen 1.3% this week, on track for its largest weekly loss since April.
The euro, however, rose 2.1% in the month of August, for its best monthly showing since November 2023, with the European Central Bank still on track to lower interest rates again next month.
The single currency fell to a more than one-week low on Thursday and ended down 0.4% after German inflation cooled more than expected, bolstering investors' expectations of ECB cuts.
The Chinese yuan firmed to a 14-month high against the dollar, for its biggest monthly jump since November, amid growing corporate demand for the Chinese currency as expectations heighten for U.S. rate cuts.
The onshore yuan FX_IDC:USDCNY strengthened as far as 7.0825 per dollar before last changing hands at 7.0920, on track for a rise of around 1.9% for August.
Currency bid prices at 30 August 08:02 p.m. GMT
Description
RIC
Last
U.S. Close Previous Session
Pct Change
YTD Pct
High Bid
Low Bid
Dollar index
TVC:DXY
101.67
101.36
0.32%
0.30%
101.78
101.24
Euro/Dollar
FX:EURUSD
1.1053
1.1077
-0.21%
0.14%
$1.1095
$1.1044
Dollar/Yen
FX_IDC:USDJPY
146.16
144.96
0.89%
3.69%
146.25
144.685
Euro/Yen
FX:EURJPY
1.1053
160.6
0.6%
3.81%
161.62
160.2
Dollar/Swiss
FX_IDC:USDCHF
0.85
0.8473
0.33%
1%
0.851
0.8468
Sterling/Dollar
FX:GBPUSD
1.3131
1.317
-0.27%
3.21%
$1.32
$1.1044
Dollar/Canadian
FX_IDC:USDCAD
1.3478
1.3485
-0.03%
1.69%
1.3509
1.3466
Aussie/Dollar
FX:AUDUSD
0.6766
0.6798
-0.44%
-0.73%
$0.6817
$0.6752
Euro/Swiss
FX:EURCHF
0.9394
0.9385
0.1%
1.16%
0.9417
0.9381
Euro/Sterling
FX:EURGBP
0.8417
0.8411
0.07%
-2.9%
0.8428
0.8401
NZ Dollar/Dollar
FX:NZDUSD
0.625
0.6257
-0.13%
-1.11%
$0.6275
0.6231
Dollar/Norway
FX_IDC:USDNOK
10.6028
10.4989
0.99%
4.61%
10.6409
10.4767
Euro/Norway
FX:EURNOK
11.7197
11.6308
0.76%
4.42%
11.7565
11.6137
Dollar/Sweden
FX_IDC:USDSEK
10.2664
10.2239
0.42%
1.98%
10.2936
10.209
Euro/Sweden
FX:EURSEK
11.348
11.3231
0.22%
2.01%
11.382
11.317
| forex | null | null | null |
DJN_DN20240830008288_20240830008288:0 | SPX | S&P 500 Rises 56.44 Points (1.01%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T20:10:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830008288_20240830008288:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830008288_20240830008288:0/ | EN | null | null | indices | null | null | null |
te_news:427056:0 | SPX | US Stocks Close Higher After PCE Report | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T20:02:51+00:00 | https://www.tradingview.com/news/te_news:427056:0-us-stocks-close-higher-after-pce-report/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:427056:0-us-stocks-close-higher-after-pce-report/ | EN | US stocks finished the last trading day of August on a positive note, as investors assessed key inflation data closely watched by the Federal Reserve.The S&P 500 rose 1%, the Nasdaq 100 gained 1.3%, while the Dow Jones closed 227 points higher.The Personal Consumption Expenditures (PCE) price index… | US stocks finished the last trading day of August on a positive note, as investors assessed key inflation data closely watched by the Federal Reserve.
The S&P 500 rose 1%, the Nasdaq 100 gained 1.3%, while the Dow Jones closed 227 points higher.
The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 0.2% month-on-month and 2.5% year-on-year, matching expectations.
This data bolstered hopes for Fed rate cuts later this year, as the economy showed resilience while keeping the door open for potential easing.
In corporate news, Dell Technologies jumped 4.3% after its Q2 earnings exceeded expectations.
Intel surged 9.5% on restructuring reports, despite a 56% decline this year.
In contrast, Super Micro Computer dropped 2.5%, tumbling over 34% in August to mark its worst month on record.
All the three major averages ended a volatile month in the green, with the S&P 500 rising 3.9%, the Nasdaq up 4.1% and the Dow adding 2%.
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH0VR:0 | USDJPY | S&P ends higher after upbeat economic data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T20:00:37+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0VR:0-s-p-ends-higher-after-upbeat-economic-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:DJT', 'base_logoid': 'digital-world-acquisition-corp'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}] | /news/reuters.com,2024:newsml_L1N3KH0VR:0-s-p-ends-higher-after-upbeat-economic-data/ | EN | The Nasdaq and S&P 500 ended higher on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.U.S. consumer spending increased solidly in July, suggesting the economy remained strong while pric… | The Nasdaq and S&P 500 ended higher on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.
"Investors are seeing another sign of being in a soft landing," said Cameron Dawson, chief investment officer at Newedge Wealth. "It's another one of those Goldilocks kind of reports really threading a needle right down the center. The market is really getting exactly what it wanted."
A "just-right" Goldilocks economy has steady growth, but not too much that it fuels excessive inflation.
Amazon.com NASDAQ:AMZN and Tesla NASDAQ:TSLA each made gains.
Broadcom NASDAQ:AVGO rallied, while Marvell Technology NASDAQ:MRVL surged after the chipmaker forecast quarterly results above estimates.
Friday's personal consumption expenditures report was the last major economic data release before the Fed's September meeting. Chair Jerome Powell last week expressed support for an imminent policy adjustment.
Money markets suggest traders mostly expect the Fed to cut rates by 25 basis points in September, with odds of a 50 basis point cut dimming further after Friday's data, according to CME Group's FedWatch Tool.
Friday ends a tumultuous month on Wall Street after signs of a sudden moderation in the labor market in early August sparked fears of a U.S. recession. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Shares have rebounded since then, with the S&P 500 trading near record highs.
Trading volume has been thin this week ahead of Monday's U.S. stock market holiday for Labor Day.
According to preliminary data, the S&P 500 SP:SPX gained 55.64 points, or 1.00%, to end at 5,647.60 points, while the Nasdaq Composite TVC:IXIC gained 194.30 points, or 1.11%, to 17,710.73. The Dow Jones Industrial Average DJ:DJI rose 214.86 points, or 0.52%, to 41,549.91.
Nvidia NASDAQ:NVDA rose, rebounding from a 6.4% drop in the previous session after the artificial intelligence-chip bellwether failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast.
Ulta Beauty NASDAQ:ULTA slid after it trimmed its annual results forecasts, citing slowing demand for higher-priced cosmetics and fragrances at its stores.
Intel NASDAQ:INTC jumped following a report it was exploring options that could include a merger.
Dell Technologies NYSE:DELL, another AI-related stock, advanced after lifting its annual revenue and profit forecasts.
Shares of Trump Media & Technology Group NASDAQ:DJT, majority owned by former U.S. President Donald Trump, dipped to a record low, leaving its stock market value at $3.9 billion.
| forex | null | null | null |
benzinga:f5736352d094b:0 | QQQ | PDD Stock Fell 22% In August: What Happened To The Chinese E-Commerce Giant? | benzinga | https://benzinga.com/ | 2024-08-30T19:19:43+00:00 | https://www.tradingview.com/news/benzinga:f5736352d094b:0-pdd-stock-fell-22-in-august-what-happened-to-the-chinese-e-commerce-giant/ | null | [{'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}] | /news/benzinga:f5736352d094b:0-pdd-stock-fell-22-in-august-what-happened-to-the-chinese-e-commerce-giant/ | EN | PDD Holdings Inc NASDAQ:PDD shares took a significant hit in August, plummeting approximately 22% to $95.55, largely due to revenue falling short of expectations for the second quarter.What Happened: For its fiscal second quarter, the parent company of Temu announced that revenue grew 86% year-on-y… | PDD Holdings Inc NASDAQ:PDD shares took a significant hit in August, plummeting approximately 22% to $95.55, largely due to revenue falling short of expectations .
What Happened: For its fiscal second quarter, the parent company of Temu announced that revenue grew 86% year-on-year to $13.36 billion, which missed the analyst consensus estimate of $14.02 billion.
However, the company's adjusted earnings per ADS of $3.20 exceeded expectations.
Despite recent progress, company leadership highlighted challenges ahead, including slower revenue growth and intensified competition.
Several analysts reacted by , with Citigroup downgrading the stock from Buy to Neutral.
Among other following earnings, Goldman Sachs cut its price target from $184 to $165 while retaining a Buy rating. Analyst Ronald Keung pointed out that the market might be overlooking the strength of PDD’s ecosystem and the clearer growth outlook for gross merchandise volume.
He also noted that the company's shift from aggressive ad monetization could support more sustainable growth.
Read Also: Temu Parent PDD Stock Free Falls After Hitting Death Cross: Time To Bail Out?
What Else: PDD, formerly known as Pinduoduo Inc., reported second-quarter revenue from online marketing services grew 29% year-over-year.
Transaction services revenue surged 234% Y/Y.
The company also reported an adjusted operating profit of $4.81 billion, up 139% Y/Y, and held $39.2 billion in cash as of June 30.
Despite solid progress, PDD’s leadership emphasized that the company faces challenges ahead, with expected pressure on revenue growth and profitability.
Investors can gain exposure to PDD by investing in the Invesco QQQ Trust, Series 1 NASDAQ:QQQ.
How To Buy PDD Stock
By now you're likely curious about how to participate in the market for PDD Holdings — be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the case of PDD, which is trading at $94.96 as of publishing time, $100 would buy you 1.05 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Price Action: According to data from Benzinga Pro, PDD has a 52-week high of $164.69 and a 52-week low of $88.01.
Read Next:
Ethereum Co-Founder's $2.1M Ether Transfer Raises Eyebrows: Why Is Vitalik Buterin Dumping?Image from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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tag:reuters.com,2024:newsml_L1N3KH0NP:0 | USDJPY | COMMENT-US recap: EUR/USD extends slide as data tempers aggressive-Fed bets | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T18:54:18+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0NP:0-comment-us-recap-eur-usd-extends-slide-as-data-tempers-aggressive-fed-bets/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX:USDCNH', 'logoid': 'country/CN', 'base_logoid': 'country/US'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}] | /news/reuters.com,2024:newsml_L1N3KH0NP:0-comment-us-recap-eur-usd-extends-slide-as-data-tempers-aggressive-fed-bets/ | EN | The dollar gained on Friday, extending its recent rebound after U.S. consumption, income and inflation data fell short of motivating traders to augment bets on aggressive Fed easing next month. Though annual headline and PCE inflation came in below Reuters consensus forecasts, the report also showe… | The dollar gained on Friday, extending its recent rebound after U.S. consumption, income and inflation data fell short of motivating traders to augment bets on aggressive Fed easing next month.
Though annual headline and PCE inflation came in below Reuters consensus forecasts, the report also showed rising income and consumption.
Chicago PMI added to the firm tone by rising more than expected, while the U.Mich report was mixed, with consumer sentiment increasing slightly, though a smidge less than forecast, and one-year inflation expectations decreasing by one-tenth.
The data leaves the market awaiting next Friday's non-farm payrolls report, which will carry more weight than usual since Fed Chair Jerome Powell focused on the labor market in last week's Jackson Hole speech.
U.S. Treasury yields rose about 3-4bp across maturities, with the 2s-10s curve steepening to a barely inverted -1.7bp, according to LSEG data.
The S&P 500 gained 0.36% by New York afternoon trade, with the market reading Goldilocks into the day's data offering.
Markets remain convinced that the Fed will start cutting interest rates next month, but futures are divided on whether the U.S. central bank will kick off the cycle with a bold 50bp move or a more conventional 25bp adjustment.
The market has assigned a 30.5% chance to a half-point move, down slightly from before the morning's data, with payrolls likely to decide whether that increases or fades further.
WTI fell 3.04%, pressured by concerns about demand and the prospect of bigger supply from OPEC+.
Copper eased 0.08%, giving back earlier gains that had come on optimism about more government support for the economy of top metals consumer China.
Gold fell 0.68%, hurt by the firmer dollar and stronger yields.
Heading toward the close: EUR/USD -0.22%, USD/JPY +0.79%, GBP/USD -0.35%, AUD/USD -0.51%, EUR/JPY +0.53%, GBP/JPY +0.30%, AUD/JPY +0.37%, DXY +0.33%.
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tag:reuters.com,2024:newsml_L4N3KH18K:0 | USDJPY | S&P 500 inches up after upbeat economic data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T18:25:52+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH18K:0-s-p-500-inches-up-after-upbeat-economic-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:S5CONS', 'base_logoid': 'sector/consumer-staples'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:DJT', 'base_logoid': 'digital-world-acquisition-corp'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KH18K:0-s-p-500-inches-up-after-upbeat-economic-data/ | EN | The Nasdaq and S&P 500 rose on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy remained strong while… | The Nasdaq and S&P 500 rose on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.
"Investors are seeing another sign of being in a soft landing," said Cameron Dawson, chief investment officer at Newedge Wealth. "It's another one of those Goldilocks kind of reports really threading a needle right down the center. The market is really getting exactly what it wanted."
Amazon.com NASDAQ:AMZN and Tesla NASDAQ:TSLA each added about 2%.
Broadcom NASDAQ:AVGO climbed 2%, while Marvell Technology NASDAQ:MRVL jumped 9% after the chipmaker forecast quarterly results above estimates.
Friday's personal consumption expenditures report was the last major economic data release before the Fed's September meeting. Chair Jerome Powell last week expressed support for an imminent policy adjustment.
Money markets suggest traders mostly expect the Fed to cut rates by 25 basis points in September, with odds of a 50 basis point cut dimming further after Friday's data, according to CME Group's FedWatch Tool.
Friday ends a tumultuous month on Wall Street after signs of a sudden moderation in the labor market in early August sparked fears of a U.S. recession. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Shares have rebounded since then, with the Dow DJ:DJI closing on Thursday at its highest ever.
Trading volume has been thin this week ahead of the U.S. stock market holiday on Monday for Labor Day.
The S&P 500 index was up 0.18% at 5,601.77 points.
The Nasdaq Composite Index rose 0.31% to 17,571.40 points, while the Dow Jones Industrial Average was down 0.17% at 41,263.32 points.
Of the 11 S&P 500 sector indexes, eight rose, led by consumer discretionary SP:S5COND, up 0.83%, followed by a 0.24% gain in consumer staples SP:S5CONS.
Nvidia NASDAQ:NVDA rose 0.5%, rebounding from a 6.4% drop in the previous session after the artificial intelligence-chip bellwether failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast.
Ulta Beauty NASDAQ:ULTA slid 4.5% after it trimmed its annual results forecasts, citing slowing demand for higher-priced cosmetics and fragrances at its stores.
Intel NASDAQ:INTC jumped almost 8% following a report it was exploring options that could include a merger.
Dell Technologies NYSE:DELL, another AI-related stock, advanced 3.3% after lifting its annual revenue and profit forecasts.
Shares of Trump Media & Technology Group NASDAQ:DJT, majority owned by former U.S. President Donald Trump, dipped 0.7% to a record low, leaving its stock market value at $3.9 billion.
Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.0-to-one ratio.
The S&P 500 posted 59 new highs and one new low; the Nasdaq recorded 65 new highs and 68 new lows.
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DJN_DN20240830007463:0 | SPX | Nvidia Selloff Sets Up a Buy-the-Dip Chip Trade. Why the S&P 500 Could Hit 6000 by Year End. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T18:11:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830007463:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240830007463:0/ | EN | By Jacob SonenshineSometimes you have to take a step back to go forward. That's the case with the S&P 500, which looks well on its way to 6000 despite falling this past week.The S&P 500 sank 0.6% this past week, while the Dow Jones Industrial Average rose 0.2%. The Nasdaq Composite dropped 1.7%, we… | By Jacob Sonenshine
Sometimes you have to take a step back to go forward. That's the case with the S&P 500, which looks well on its way to 6000 despite falling this past week.
The S&P 500 sank 0.6% this past week, while the Dow Jones Industrial Average rose 0.2%. The Nasdaq Composite dropped 1.7%, weighed down by Nvidia, which fell despite better-than-expected earnings and guidance.
Still, the S&P, at 5600, is just 7% away from 6000 — and it won't take too much to get it there. The first path is the most obvious. Tech weakness could set the stage for dip-buyers to come in and boost tech stocks. And why not? Nvidia's setback stems mainly from its delayed Blackwell chip, which should arrive a few months late. While analysts see decelerating sales and profit growth next year, they're still forecasting earnings to grow at a double-digit percentage clip.
That could make chip stocks tempting, particularly since the iShares Semiconductor exchange-traded fund is already down 14% from this year's July peak. The ETF also trades at 24.8 times 12-month forward earnings, down from 29.7 earlier this year. What's more, it trades at just 22 times 2025 earnings expectations, less than a point above the S&P 500's multiple of 21.3 times. The chip group has traded as high as nine points above the index over the past three years, according to FactSet. If chip stocks, worth about 10% of the S&P 500's market cap, rebound, the index could find its way to 6000 by the end of the year.
But there's a lot more to the stock market than tech, particularly companies that would benefit from a growing economy juiced by Federal Reserve rate cuts. Friday's release of the Personal Consumption Expenditures Index showed that both inflation and the economy are slowing, enough to give the Fed cover to start cutting rates in September, but not enough to worry about economic growth.
The last evidence before the Fed's September meeting will come on Sept. 6, when August payrolls are released. Economists expect fewer than 200,000 new jobs in August, the kind of Goldilocks report the market would love. Easier monetary policy would help extend the economic expansion, which bodes well for earnings growth across sectors, as seen by strength in financials, materials, and industrials sectors this past week.
"We're closer to seeing the whites of the eyes of a Fed pivot, and now there's a more traditional rotation [into value]," says Citi strategist Scott Chronert. "That's your index math of how you move to 6000."
Overall, the market just needs to stay confident that earnings will continue growing. Analysts expect aggregate earnings for S&P 500 companies to hit $278 a share in 2025, according to FactSet. That number is good enough that estimates don't even need to rise for the index to hit the next big round number. An S&P 500 at 6000 by year end implies that it will trade at 21.6 times forward earnings, a touch below its 21.8 times peak earlier this year before it became clear that the Fed was about to cut rates.
Of course, September is historically a tough month for stock and living up to that reputation could push hopes of 6000 into next year. But by the end of 2025, the market will reflect earnings estimates for 2026, which currently stand at $311. An index at 6000 by the end of next year would represent just a 19 times multiple on that forecast.
As David Miller, chief investment officer at Catalyst Capital Advisors says,"It doesn't take too much for the S&P to reach 6000."
It might be easier than you think.
Write to Jacob Sonenshine at jacob.sonenshine@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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DJN_DN20240830007437:0 | SPX | S&P 500 Inches Higher; PCE Inflation Holds Steady — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T18:01:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830007437:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830007437:0/ | EN | By Sam Goldfarb and Angus BerwickThe S&P 500 and Dow industrials are poised to finish August modestly higher after new data showed consumer spending remained solid last month, further easing anxieties about an economic slowdown.Typically a slow period, August started with a bang as markets swooned… | By Sam Goldfarb and Angus Berwick
The S&P 500 and Dow industrials are poised to finish August modestly higher after new data showed consumer spending remained solid last month, further easing anxieties about an economic slowdown.
Typically a slow period, August started with a bang as markets swooned on growth fears and the unwinding of some crowded trades. The selloff proved short-lived. Investors have come back around to the "soft landing" narrative, as U.S. growth remains resilient and inflation pressures recede.
Friday's data added to the sense of reassurance. Personal spending rose 0.5% in July from a month earlier, up from 0.3% in June.
The Federal Reserve's preferred measure of inflation, meanwhile, clocked in as expected at 2.5% on an annual basis. Overall, it was an encouraging report that led traders to slightly temper their expectations for how much the Fed will cut interest rates over the next several months.
In recent market action:
Stock indexes were muted. The S&P 500 and the Nasdaq Composite were up slightly, while the Dow industrials edged lower.
Treasury yields ticked higher. The yield on the 10-year note was hovering just above 3.9%.
European markets were buoyant. The Stoxx Europe 600 finished at a fresh record, after data showed eurozone inflation slowing sharply to 2.2%, the lowest since mid-2021.
In Asia, Japan's Nikkei 225 and Hong Kong's Hang Seng Index climbed. A report showing faster-than-expected inflation in Japan raised the chances of another Bank of Japan rate hike.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
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tag:reuters.com,2024:newsml_L1N3KH0Q8:0 | SPX | Stocks set to end turbulent month higher as US data sets stage for rate cut | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T17:47:44+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0Q8:0-stocks-set-to-end-turbulent-month-higher-as-us-data-sets-stage-for-rate-cut/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'TVC:SXXP', 'base_logoid': 'indices/stoxx-600'}, {'symbol': 'TVC:US10Y', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'ICEEUR:BRN1!', 'base_logoid': 'crude-oil'}, {'symbol': 'NYMEX:CL1!', 'base_logoid': 'crude-oil'}, {'symbol': 'TVC:GOLD', 'base_logoid': 'metal/gold'}] | /news/reuters.com,2024:newsml_L1N3KH0Q8:0-stocks-set-to-end-turbulent-month-higher-as-us-data-sets-stage-for-rate-cut/ | EN | Global stocks edged higher in choppy trading on Friday and were on track for a fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak. The U.S. personal consumption expenditures (PC… | Global stocks edged higher in choppy trading on Friday and were on track for a fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak.
The U.S. personal consumption expenditures (PCE) price index - which is the Federal Reserve's preferred inflation measure - rose 0.2% in July, according to Commerce Department data released on Friday.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.5% last month, the report showed. The data sets the stage for the Fed to likely begin easing monetary policy from September.
The Dow Jones Industrial Average DJ:DJI was down 0.14% at 41,276.72, the S&P 500 SP:SPX gained 0.20% to 5,603.12 and the Nasdaq Composite TVC:IXIC was up 0.34% at 17,576.13.
Europe's Stoxx index TVC:SXXP closed up 0.09% after touching a record intraday high while Britain's FTSE 100 CURRENCYCOM:UK100 eased 0.04%. MSCI's world share index EURONEXT:IACWI ticked 0.16% higher, heading for a 1.78% monthly gain.
The stunning recovery from an early August sell-off reminiscent of October 1987's "Black Monday" came as traders priced a so-called Goldilocks scenario, in which the U.S. economy keeps growing but not so much as to prevent interest rate cuts.
Money markets are confidently pricing the Fed's first 25 basis point cut of this cycle at its September meeting, with a 33% chance of a jumbo 50 bp reduction.
The U.S. economy grew faster than initially thought in the second quarter of this year because of strong consumer spending, and corporate profits, a report on Thursday showed.
"The last few days we've started out a little stronger and then drifted during the day and in many cases closed either break even or slightly positive or slightly negative," said Tom Plumb, chief executive and portfolio manager at Plumb Funds.
"I think that is a sign of a cycle where you start to see people transition to a different environment and it's not positive for the past leaders," he added, referring to the so-called "Magnificent 7" tech stocks that were at the forefront of this year's stock market rally.
Government bonds rallied in early August after a weaker-than-expected U.S. jobs report and a surprise Bank of Japan rate hike wreaked chaos in currency carry trades and drove heavy selling of risky assets.
The yield on benchmark U.S. 10-year notes TVC:US10Y, which moves inversely to prices, rose 4.9 basis points on Friday to 3.909%. The 2-year note (US2YT=RR) yield, which typically moves in step with interest rate expectations, rose 3.2 basis points to 3.9248%.
"As we're starting to lay out what our expectations are for an environment with lower interest rates, at least lower short term rates... we're already starting to see a change in the shape of the yield curve, which impacts the bond market but also the stock market," Plumb added.
EURO FLAT
The dollar TVC:DXY steadied near a one-week high versus a basket of other major currencies, on track to snap a five-week losing streak although still heading for around a 2.5% monthly loss.
Against the yen FX_IDC:USDJPY, the dollar stood at 146.09, set to lose more than 2% for the month, as pressure eased on the Japanese currency on the prospect of narrowing interest rate differentials.
Core inflation in Japan's capital Tokyo accelerated for a fourth straight month in August, data showed on Friday, with the 2.4% price increase signalling further BoJ rate hikes ahead.
The euro FX:EURUSD was flat at $1.105, having declined on Thursday after softer-than-expected German inflation data increased bets on further European Central Bank rate cuts.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.48% and ended the month 2% higher. Japan's Nikkei TVC:NI225, following its early August collapse, was down 1.16% for the month after rising 0.74% on Friday.
Oil prices fell. Brent crude futures for October delivery ICEEUR:BRN1! dropped 1.44% to $78.79 a barrel, while U.S. crude NYMEX:CL1! lost 2.87% to $73.73 a barrel.
Gold prices weakened but looking at a 2.8% monthly gain. Spot gold TVC:GOLD lost 0.91% to $2,498.20 an ounce. U.S. gold futures (GCc1) fell 0.98% to $2,501.00 an ounce.
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tag:reuters.com,2024:newsml_L1N3KH0RM:0 | USDJPY | COMMENT-USD/JPY squeeze higher faces first key test | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T17:27:22+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0RM:0-comment-usd-jpy-squeeze-higher-faces-first-key-test/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/reuters.com,2024:newsml_L1N3KH0RM:0-comment-usd-jpy-squeeze-higher-faces-first-key-test/ | EN | USD/JPY is closing out the week on the front foot amid a squeeze higher in both the dollar and U.S. yields, but the rally still appears corrective, especially with surprisingly strong Tokyo CPI providing a reminder that the Bank of Japan is looking to tighten monetary policy.With Tokyo core inflati… | USD/JPY is closing out the week on the front foot amid a squeeze higher in both the dollar and U.S. yields, but the rally still appears corrective, especially with surprisingly strong Tokyo CPI providing a reminder that the Bank of Japan is looking to tighten monetary policy.
With Tokyo core inflation at 2.4% versus 2.2% expected, BoJ tightening may be underpriced (0#BOJWATCH), while markets are still trying to figure out whether the Fed will cut by 25 or 50bp next month.
Still, USD/JPY has poked back above 146.00, nearing topside hurdles at 146.50 – the Powell news pivot – and 148.
Traders are likely to take chips off the table ahead of a U.S. data deluge next week, with topside surprises needed to carry the dollar higher. Otherwise, a return to 144.00 may follow.
The bottom line for pair is that the move from 160 to 141 was historically sharp, particularly within the short space of time of four weeks. Therefore, while 150 may be more likely to hit before 140, the preference is likely to lean in favor of fading rallies, unless there is a significant repricing in U.S. rates.
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cointelegraph:581e5c0c8094b:0 | BTCUSDT | Bitcoin price keeps falling under $60K — Here is why | cointelegraph | https://cointelegraph.com | 2024-08-30T17:23:53+00:00 | https://www.tradingview.com/news/cointelegraph:581e5c0c8094b:0-bitcoin-price-keeps-falling-under-60k-here-is-why/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cointelegraph:581e5c0c8094b:0-bitcoin-price-keeps-falling-under-60k-here-is-why/ | EN | Bitcoin BINANCE:BTCUSD has struggled to maintain above $60,000 for an entire week, with the latest rejection occurring on Aug. 27. The subsequent 9.9% two-day correction, which saw Bitcoin fall to a low of $57,918 on Aug. 28, resulted in the forced liquidation of $143 million in leveraged BTC longs… | Bitcoin BINANCE:BTCUSD has struggled to maintain above $60,000 for an entire week, with the latest rejection occurring on Aug. 27. The subsequent 9.9% two-day correction, which saw Bitcoin fall to a low of $57,918 on Aug. 28, resulted in the forced liquidation of $143 million in leveraged BTC longs on derivatives exchanges. Traders are now questioning why Bitcoin keeps failing to break above $60,000.
Spot Bitcoin ETF outflows are a lagging indicator of Bitcoin’s demand
Some analysts attribute the recent weakness to the disappointing spot Bitcoin exchange-traded fund (ETF) outflows. However, such data is typically reflexive, meaning traders often turn bearish after a news event alters their perception. More crucially, Bitcoin's most recent correction on Aug. 29 coincided with movements in the S&P 500 index.
One significant change leading up to this event was the sharp increase in the 2-year US Treasury yields, which had previously dipped to 3.85%, the lowest level in over three weeks. However, on Aug. 29, a sharp reversal occurred, driving the yield to 3.90%, signaling that investors were offloading these instruments in favor of higher returns.
According to a Zacks Research note, this reduced risk appetite was driven by uncertainty surrounding Nvidia's corporate earnings, released after the stock market closed on Aug. 29, and the upcoming July US Personal Consumption Expenditures (PCE) index on Aug. 30. At the time, investors were concerned that a high inflation reading could delay anticipated interest rate cuts by the central bank.
Despite exceeding estimates, Nvidia shares reacted negatively, dropping to their lowest level in two weeks during after-hours trading. As for the inflation metric, there were no surprises as the PCE rose 2.6% year-over-year, boosting investor confidence that the US Federal Reserve (Fed) might soon ease some of its restrictive monetary policies aimed at curbing inflation.
Thus, Bitcoin’s sharp rejection at the $61,000 level on Aug. 29 can be attributed to concerns from traditional finance investors, particularly due to the heavy reliance on tech companies' growth, driven by artificial intelligence demand, and the market’s pricing of a 100% probability of an interest rate cut in September.
In essence, even slightly less favorable economic indicators can cause drastic movements in fixed-income markets, which in turn reverberate through the stock market and affect Bitcoin’s price, creating a cascading effect. However, this does not fully explain why Bitcoin failed to sustain the $60,000 support on previous occasions throughout August.
Bitcoin is already a top-10 global tradable asset, but further upside is possible
Rather than fixating on Bitcoin’s nominal price, one should consider how the cryptocurrency’s $1.2 trillion market capitalization compares to broader financial markets and currencies. This level already places Bitcoin among the top 10 global financial instruments, ahead of Warren Buffett’s Berkshire Hathaway conglomerate and TSMC, the world’s largest chipmaker.
To put this into perspective, Berkshire Hathaway’s annualized profits are $121 billion, meaning the company could purchase the entire Bitcoin market capitalization with 10 years’ worth of its net income. In fact, the company holds $277 billion in cash and equivalents, which would be enough to acquire 4.61 million BTC at $60,000, or 23% of the coins currently in circulation.
When viewed from the perspective of base money—physical currency and bank reserves held by commercial banks at their respective central banks—Bitcoin’s $1.2 trillion value aligns with that of the United Kingdom’s British pound. Under this analysis, Bitcoin’s only remaining competitors are the US dollar, the euro, the Chinese yuan, and the Japanese yen.
None of these fundamental metrics seem sufficient to keep Bitcoin’s price below $60,000. However, they do suggest that traders are likely questioning the current adoption rate, including the size of the Bitcoin ETF market and the use of Bitcoin’s network as a settlement layer. For now, investors appear to be prioritizing tech growth and the relative stability of the world’s largest economies, but this sentiment could easily shift over time.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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cointelegraph:0225deb49094b:0 | BTCUSDT | DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’ | cointelegraph | https://cointelegraph.com | 2024-08-30T17:19:10+00:00 | https://www.tradingview.com/news/cointelegraph:0225deb49094b:0-defi-protocol-threshold-proposes-bitcoin-wrapper-merger-to-save-wbtc/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cointelegraph:0225deb49094b:0-defi-protocol-threshold-proposes-bitcoin-wrapper-merger-to-save-wbtc/ | EN | Bitcoin BINANCE:BTCUSD decentralized finance (DeFi) protocol Threshold is proposing to merge its own BTC “wrapper” token, tBTC, into Wrapped Bitcoin (WBTC) in a bid to “save WBTC” following concerns about an impending change in control of the popular BTC wrapper, according to an Aug. 29 proposal in… | Bitcoin BINANCE:BTCUSD decentralized finance (DeFi) protocol Threshold is proposing to merge its own BTC “wrapper” token, tBTC, into Wrapped Bitcoin (WBTC) in a bid to “save WBTC” following concerns about an impending change in control of the popular BTC wrapper, according to an Aug. 29 proposal in Threshold’s governance forum.
On Aug. 9, BitGo — the cryptocurrency custodian holding the Bitcoin backing WBTC — announced a planned partnership with BiT Global, a Hong Kong-based crypto exchange. Per the partnership, which aims to diversify WBTC’s United States-centric footprint, BiT Global is expected to gain partial control of the multisignature wallet custodying WBTC’s Bitcoin backing.
“This announcement has proven controversial due to the involvement of Justin Sun, with many in the ecosystem, expressing concern over his ‘affiliated projects show worrying signs of possible misappropriation’ of collateral,” Threshold’s proposal said.
Threshold seeks to address these fears by “hot swapping [WBTC’s] centralized custody and merchant-based mint and burn model with Threshold’s decentralized custody and permissionless mint/redeem mechanism,” according to the proposal.
WBTC is the most popular Bitcoin wrapper, with approximately $9 billion in market capitalization, according to CoinMarketCap. Bitcoin wrappers are ERC-20 tokens backed by BTC.
The proposal aims to resolve this by effectively transferring control of WBTC to Threshold, where WBTC would purportedly benefit from the decentralized autonomous organization’s (DAO) “decentralized custody and permissionless bridging mechanism.”
Per the plan, Threshold would be granted “merchant (mint/redeem) privileges for WBTC and other merchants [would be] removed. The WBTC DAO privileges (e.g. freeze function, etc.) [would be] transferred to Threshold DAO,” the proposal said.
Threshold would then effectively deprecate its own BTC wrapper, tBTC, with further tBTC minting being “disabled and the existing tBTC supply made redeemable 1:1 for WBTC (and remains redeemable for native BTC),” according to the proposal.
In an Aug. 11 post on the MakerDAO forum, risk management firm Block Analitica Labs (BA Labs) proposed closing all new wBTC debts and preventing new borrowing against wBTC collateral in an upcoming executive vote, citing similar concerns.
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benzinga:5a83a7020094b:0 | QQQ | Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What's Driving Markets Friday? | benzinga | https://benzinga.com/ | 2024-08-30T17:12:30+00:00 | https://www.tradingview.com/news/benzinga:5a83a7020094b:0-chipmakers-tick-up-as-nvidia-halts-sell-off-dollar-rises-as-traders-revise-fed-wagers-what-s-driving-markets-friday/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:MDB', 'base_logoid': 'mongodb'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:XLK', 'base_logoid': 'sector/technology'}, {'symbol': 'AMEX:XLE', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:ADSK', 'base_logoid': 'autodesk'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NYSE:ESTC', 'base_logoid': 'elastic-n-v'}, {'symbol': 'NASDAQ:LULU', 'base_logoid': 'lululemon-athletica'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}] | /news/benzinga:5a83a7020094b:0-chipmakers-tick-up-as-nvidia-halts-sell-off-dollar-rises-as-traders-revise-fed-wagers-what-s-driving-markets-friday/ | EN | Wall Street is seeing a relatively timid session, with the major indices displaying a slight negative performance. While a timid rebound in semiconductor stocks is taking shape, aided by NVIDIA Corp. NASDAQ:NVDA’s pause of the sell-off in the previous session, the Dow Jones edged lower after reachi… | Wall Street is seeing a relatively timid session, with the major indices displaying a slight negative performance.
While a timid rebound in semiconductor stocks is taking shape, aided by NVIDIA Corp. NASDAQ:NVDA’s pause of the sell-off in the previous session, the Dow Jones edged lower after reaching record
The weak risk sentiment on Friday threatens to end the S&P 500 and Nasdaq 100's streak of three consecutive weekly rallies
The AI darling rose by 1% by midday in New York, contributing to the positive momentum in chipmakers, buoyed by strong earnings from Marvell Technology Inc. NASDAQ:MRVL and MongoDB Inc. NASDAQ:MDB.
On the data front, the Federal Reserve's preferred inflation gauge — the Personal Consumption Expenditure (PCE) Price Index — remained flat in July, breaking a three-month streak of declines.
While the index came in slightly below expectations of an increase, personal spending and income data accelerated more than anticipated, indicating that the positive momentum among U.S. consumers extended into the first month of the current quarter.
The dollar gained 0.3% on the back of the economic data, as traders trimmed expectations on a large 50-basis-point rate cut in September. The greenback’s strength pressured commodities: gold dropped 0.7%, while oil declined by 2.7%.
The sentiment in the cryptocurrency market remains negative, with Bitcoin down 2.3%.
Friday’s Performance In Major U.S. Indices, ETFs
Major IndicesPrice1-day %chgNasdaq 10019,367.310.2%S&P 5005,588.51-0.1%Dow Jones41,177.11-0.4%Russell 20002,192.94-0.4%According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust AMEX:SPY was 0.1% lower to $557.38.The SPDR Dow Jones Industrial Average AMEX:DIA fell 0.4% to $412.33.The tech-heavy Invesco QQQ Trust Series NASDAQ:QQQ was up 0.1% to $470.97.The iShares Russell 2000 ETF AMEX:IWM fell 0.6% to $217.58.The Technology Select Sector SPDR Fund AMEX:XLK outperformed, up by 0.1%. The Energy Select Sector SPDR Fund AMEX:XLE lagged, down by 0.7%.Friday’s Stock Movers
Marvell Technology Inc. rose 9.1%; eer MongoDB Inc. soared 16%.Other stocks reacting to company earnings included Autodesk, Inc. NASDAQ:ADSK up 1.7%, Dell Technologies Inc. NYSE:DELL up 3%, Elastic N.V. NYSE:ESTC down over 27%, Lululemon Athletica Inc. NASDAQ:LULU down about 0.7% and Ulta Beauty, Inc. NASDAQ:ULTA down 4.3%).Intel Corp. NASDAQ:INTC soared by 7.7% after rumors indicating he company is considering options, including separating its product design and manufacturing divisions.Read Next:
Photo: Lucky Photographer via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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cryptonews:8f457e8cc094b:0 | BTCUSDT | Top Crypto Performers Today August 30 – KEROSENE, ZANO, YFII | cryptonews | https://cryptonews.com | 2024-08-30T17:12:20+00:00 | https://www.tradingview.com/news/cryptonews:8f457e8cc094b:0-top-crypto-performers-today-august-30-kerosene-zano-yfii/ | null | [{'symbol': 'BITFINEX:EOSUST', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCEOS'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'OANDA:ETHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:ETHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:USDTUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCUSDT'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'OANDA:BCHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'OANDA:LTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:XLMEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:BCHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITSTAMP:XLMUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:LTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cryptonews:8f457e8cc094b:0-top-crypto-performers-today-august-30-kerosene-zano-yfii/ | EN | Softer-than-expected US Core PCE inflation data has failed to lift the mood in crypto markets on Monday, even though it bolsters the case for a series of Fed interest rate cuts beginning in just a few weeks, with very few top crypto performers of note. 🚨Just In: July US PCE annual inflation rises 2… | Softer-than-expected US Core PCE inflation data has failed to lift the mood in crypto markets on Monday, even though it bolsters the case for a series of Fed interest rate cuts beginning in just a few weeks, with very few top crypto performers of note.
🚨Just In: July US PCE annual inflation rises 2.5%, below expectations for 2.6%.Core PCE inflation increased 2.6% Y/Y, compared to forecasts for 2.7%.The Fed has a green light to cut rates by 50BPS in September. — Jesse Cohen (@JesseCohenInv)
Indeed, Bitcoin (BTC) was last down 4% in 24 hours to $58,000 and Ethereum (ETH) down 4.6% to below $2,450.
That’s according to , which shows no cryptos trading in the green in the top 100.
Some bulls will be disappointed by the underwhelming price action this week despite positive macro catalysts.
was strong, and pointed to a continued boom in AI.
But that has failed to bolster institutional demand for major crytpos.
Bitcoin ETFs have experienced outflows two days on the trot, per .
Ethereum ETFs, meanwhile, also continue to .
So investors hunting top crypto performers today have had to turn to riskier alt-coins markets.
Here are some top crypto performers today that will be on their radar. Top Crypto Performers Today – Which Are They?
Overcollaterized stablecoin protocol Keresene (KEROSENE) is up 17% in the past 24 hours, making it one of the top crypto performers today .
The crypto was last around $0.30, up around 3x so far this week.
Its market cap remains minuscule at just $27.7 million.
As hype builds surrounding the protocol’s high yields, KEROSENE could go a lot higher.
The DYAD flywheel is finally hereStep 1: claim a Note NFTStep 2: deposit wETH or wstETH, mint DYAD and LPStep 3: Earn three figure yield on the USDC – DYAD stable pair, the best stable yield on mainnetUse the link in our bio to get started — DYAD (@0xDYAD)
Of course, its a speculative protocol and it remains a highly risky coin to invest in. Trader must do their own due diligence.
Elsewhere, Zano (ZANO) is another one of the top crypto performers today, also up around 17%.
The crypto, which powers a confidentiality and security focused blockchain, was last trading close to $5.70, its market cap around $83 million.
The privacy-focused blockchain professes to solve a lot of the issues faced by traditional tokens.
Why choose traditional blockchains like , , , and others that expose your data and compromise your privacy putting you at risk?Security of your assets is critical. Choose , the leading blockchain platform designed with confidentiality and privacy at its core. — Zano (@zano_project)
If it garners real usage, its market cap could go a lot higher. That could rank it as the best crypto to buy today.
The final name on the top crypto performers today list to mention is a small coin called DFI.money (YFII).
This token is up 9% in the past 24 hours. But potential investors should be very careful.
There is a warning on CoinGecko’s website that there might be pump-and-dump activities taking place related to the token. Better Alternative to Consider
The above mentioned alt-coins are all very high risk. Even if they aren’t pump-and-dumps, as YFII might be, these coins have high volatility.
That leaves investors at risk of FOMOing in and not doing their due diligence properly.
By contrast, investing in presales is a good way to avoid these issues.
Presales normally run for a few weeks, allowing investors time to conduct their research on a project properly.
Presales also typically allow investors to get into a project at a discounted price.
That’s why analysts at Cryptonews.com keep a close eye on the presale market.
Here are some of their top picks to check out right now.
20 Best Crypto Presales to Invest In Now
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forexlive:2a8d65273094b:0 | USDJPY | David Rosenberg sees a sharp fall in USD/JPY ahead | forexlive | https://www.forexlive.com/ | 2024-08-30T16:54:31+00:00 | https://www.tradingview.com/news/forexlive:2a8d65273094b:0-david-rosenberg-sees-a-sharp-fall-in-usd-jpy-ahead/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/forexlive:2a8d65273094b:0-david-rosenberg-sees-a-sharp-fall-in-usd-jpy-ahead/ | EN | USD/JPY monthlyGlobal equity semi-permabear David Rosenberg is out with a new commentary and he's wading into the foreign exchange market with a strong case to sell USD/JPY.He said it "could be the most glaring price anomaly on the planet" and it carries the headline "Want to make a 30% return with… | USD/JPY monthly
Global equity semi-permabear David Rosenberg is out with a new commentary and he's wading into the foreign exchange market with a strong case to sell USD/JPY.
He said it "could be the most glaring price anomaly on the planet" and it carries the headline "Want to make a 30% return with little risk? Here’s a rare opportunity to do so."
Those are the kinds of statements that have humbled many men in markets but the former Merrill Lynch analyst isn't afraid to stir the pot. You can read it here but some highlights:
JPY hit 3-decade low in July at 161, now at 146- but story far from overBoJ policy shift: Rate hikes just getting started, bucking global trendJapan's economic outlook upgraded for first time in 15 monthsWeak yen boosting inflation: Import prices up 10.8% YoYMean reversion target: 113 yen per dollar (20% upside)Big Mac Index shows yen 44% undervaluedSays to split the difference on a 30% return trade: Long JPY via money markets, no equity/duration riskKey drivers: BoJ tightening vs Fed easing, unwinding of yen carry trades"What has caused the slide in the yen has been the financial repression engineered by the BoJ, but that phase has now come to an end — first viaforex intervention and second by rate hikes that are far from over." | forex | null | null | null |
DJN_DN20240830007094_20240830007094:0 | SPX | S&P 500 Falls 2.90 Points (0.05%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T16:45:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830007094_20240830007094:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830007094_20240830007094:0/ | EN | null | null | indices | null | null | null |
u_today:2c01594ca094b:0 | BTCUSDT | Nearly $500 Million BTC Withdrawal Stuns Coinbase, Ripple Burns Stablecoin Tokens, Shytoshi Kusama Highlights Epic SHIB Move in Gaming Sphere: Crypto News Digest by U.Today | u_today | https://u.today | 2024-08-30T16:39:00+00:00 | https://www.tradingview.com/news/u_today:2c01594ca094b:0-nearly-500-million-btc-withdrawal-stuns-coinbase-ripple-burns-stablecoin-tokens-shytoshi-kusama-highlights-epic-shib-move-in-gaming-sphere-crypto-news-digest-by-u-today/ | null | [{'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:SHIBUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCSHIB'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:2c01594ca094b:0-nearly-500-million-btc-withdrawal-stuns-coinbase-ripple-burns-stablecoin-tokens-shytoshi-kusama-highlights-epic-shib-move-in-gaming-sphere-crypto-news-digest-by-u-today/ | EN | Here are the top three news stories by U.Today from the past day.Nearly $500 million Bitcoin withdrawal stuns major U.S. exchangeAccording to data provided by Whale Alert, yesterday, leading U.S. crypto exchange Coinbase witnessed the withdrawal of nearly half a billion dollars worth of Bitcoin. A… | Here are the top three news stories by U.Today from the past day.
Nearly $500 million Bitcoin withdrawal stuns major U.S. exchange
According to data provided by Whale Alert, yesterday, leading U.S. crypto exchange Coinbase witnessed the withdrawal of nearly half a billion dollars worth of Bitcoin. A total of 7,999 BTC, or roughly $472.8 million, left the exchange's cold wallet in several transactions to an address with the code "13F8P8." Later on, this massive amount of flagship crypto was sent to 50 other unidentified addresses in exact portions of 157 BTC, or $9.27 million in current prices. It remains unknown what stands behind this remarkable activity. Some speculated that it could be one of the Bitcoin ETF issuers (BlackRock, for example), which is accumulating crypto despite all the recent setbacks and volatile price movements.
Ripple burns stablecoin tokens
As reported by @RLUSD_TRACKER, an X handle that tracks the minting and redemption of Ripple's stablecoin RLUSD, yesterday, 185 Ripple USD (RLUSD) tokens were burned at the RLUSD Treasury. The tokens were destroyed by sending them back to the issuer account. Earlier this month, U.Today reported that Ripple started testing its stablecoin in private beta. Per XRP Scan data, the minting process began roughly a week ago with the aforementioned 185 RLUSD. Currently, access to the new product is limited to some of the company's enterprise partners. After the beta testing stage, the stablecoin will become available to the general public.
Shytoshi Kusama highlights epic SHIB move in gaming sphere
In a recent X post, Shiba Inu lead Shytoshi Kusama praised the latest move by Shiba Eternity; the project has gone through rebranding and is now called PlayWithShib, with its X account also renamed from @ShibaEternity to @playwithshib. "Such an epic move!" wrote Kusama in his post. The renaming is not the only change the project has prepared for the community; from now on, it will expand its presence in the gaming sphere far beyond its first NFT card game for smartphones. At the end of July, the Shiba Eternity team announced its intentions to release multiple additional games on Shibarium, a layer-2 solution. Also, at the beginning of August, Shiba Inu marketing lead Lucie teased a major update to this game – its transition from Web2 to Web3.
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cryptonews:a54c202c7094b:0 | BTCUSDT | Bitcoin Price ‘Near a Bottom’ as Hash Price Lows Echo Pre-2021 Bull Run Patterns | cryptonews | https://cryptonews.com | 2024-08-30T16:38:43+00:00 | https://www.tradingview.com/news/cryptonews:a54c202c7094b:0-bitcoin-price-near-a-bottom-as-hash-price-lows-echo-pre-2021-bull-run-patterns/ | null | [{'symbol': 'OANDA:ETHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:USDTUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCUSDT'}, {'symbol': 'OANDA:LTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:ETHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'OANDA:BCHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITSTAMP:XLMUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:BCHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITFINEX:EOSUST', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCEOS'}, {'symbol': 'BITSTAMP:LTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:XLMEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cryptonews:a54c202c7094b:0-bitcoin-price-near-a-bottom-as-hash-price-lows-echo-pre-2021-bull-run-patterns/ | EN | Bitcoin hash price, when compared to BTC price action, seems to be pointing toward a Bitcoin bottom as it mirrors the conditions that preceded the 2021 breakout to new all-time highs.In an August 30th , on-chain analytics platform CryptoQuant suggested that Bitcoin price action may be approaching a… | Bitcoin hash price, when compared to BTC price action, seems to be pointing toward a Bitcoin bottom as it mirrors the conditions that preceded the 2021 breakout to new all-time highs.
In an August 30th , on-chain analytics platform CryptoQuant suggested that Bitcoin price action may be approaching a bottom.
CryptoQuant noted that Bitcoin’s hash price, which measures the revenue earned by miners per terahash per second, is conspicuously low.Bitcoin price vs hash price. Source: CryptoQuant.
This pattern is significant as it underscores a recurring relationship where “historically, lower Hash Price periods have coincided with Bitcoin price bottoms.” A notable example of this pattern occurred in 2020 following the COVID-19-induced cross-market crash.
During this time, Bitcoin’s price hit significant lows, coinciding with a sharp decline in hashprice. However, as the year progressed, especially after the halving event, Bitcoin’s price began a robust upward trajectory, culminating in a breakout to new all-time highs.Bitcoin Miners Start Accumulating: Is the Bitcoin Price Stabilizing?
Miner behaviour seems to support a potential turnaround, as they seem to have started accumulating again after a long period of outflows, according to .Bitcoin price vs Bitcoin miner reserves. Source: CryptoQuant.
Miner reserves have recovered levels unseen since June, with notable pick-up since August 24th.
Earlier this month, CryptoQuant CEO Ki Young Ju , suggesting that it is painting a picture of sustainability.
He pointed out that “miner capitulation is nearly over, with hash rate nearing all-time highs,” referencing the post-halving events captured by the Hash Ribbons indicator.
Ju also noted that the cost of mining in the US stands at approximately $43,000 per Bitcoin. He suggested that the current hash rate is likely to remain stable as long as Bitcoin prices don’t dip below this threshold.
This reinforces the potential for Bitcoin’s price to stabilize and recover in line with historical trends following periods of miner capitulation.When Could We See A Bitcoin Surge?
Long-term Bitcoin metrics continue to buoy the bullish narrative this month — though timing of the next leg of this bull cycle remains a hot topic in the crypto community, especially given current market conditions.
Notably, the Bitcoin halving could serve as a benchmark for predicting the next surge. In an August 21st X post, CryptoQuant CEO Ki Young Ju noted that past post-halving rallies have typically started in the fourth quarter (Q4) of each halving year.
In the last halving cycle, the bull rally began in Q4. Whales won't let Q4 be boring with a flat YoY performance. — Ki Young Ju (@ki_young_ju)
Young Ju further emphasized that, in his view, “whales won’t let Q4 be boring with a flat YoY performance,” implying that significant market movements are expected as we approach the end of the year.
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tag:reuters.com,2024:newsml_L4N3KH17E:0 | SPX | ナスダックとS&P500、利下げ期待でレイバーデー週末前に上昇 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T16:34:56+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3KH17E:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:SOX', 'base_logoid': 'indices/philadelphia-semiconductor-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:SPN', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KH17E:0/ | JA | 長期休暇を控えた金曜日、ナスダックとS&P500種株価指数は、物価上昇圧力緩和の兆候を受け、9月に予定されている米連邦準備制度理事会（FRB）による利下げ観測が強まり、不安定な取引となった。 ロイターが世論調査したエコノミストによると、中央銀行が好んで使用するインフレ指標である 個人消費支出指数（ (link) ）は、7月に年率で2.5％上昇した。月次ベースでは予想通り0.2％の上昇。 金利に敏感なメガ株では、アマゾン・ドット・コム NASDAQ:AMZNが1.8％、マイクロソフト NASDAQ:MSFTが0.4％それぞれ上昇した。チップ株も上昇し、ブロードコム>は2.3％高… | 長期休暇を控えた金曜日、ナスダックとS&P500種株価指数は、物価上昇圧力緩和の兆候を受け、9月に予定されている米連邦準備制度理事会（FRB）による利下げ観測が強まり、不安定な取引となった。
ロイターが世論調査したエコノミストによると、中央銀行が好んで使用するインフレ指標である 個人消費支出指数（ (link) ）は、7月に年率で2.5％上昇した。月次ベースでは予想通り0.2％の上昇。
金利に敏感なメガ株では、アマゾン・ドット・コム NASDAQ:AMZNが1.8％、マイクロソフト NASDAQ:MSFTが0.4％それぞれ上昇した。チップ株も上昇し、ブロードコム>は2.3％高、アドバンスト・マイクロ・デバイセズ>は0.5％高となり、フィラデルフィアSE半導体指数 NASDAQ:SOXの1.5％上昇に貢献した。
金曜の PCE報告は、 FRBの 9月会合前最後のもの で、 先週パウエル議長が (link)、差し迫った 政策調整への支持を表明 したことに続く もの だ。
CMEグループのFedWatchツールによると、25ベーシスポイント引き下げの確率は67.5%、50ベーシスポイント引き下げの確率は32.5%となっている。
グローバル・インベストメンツのシニア・ポートフォリオ・マネジャー、トーマス・マーティン氏は、「利下げサイクルの開始を示唆するデータだ」と述べた。
マーティン氏によれば、投資家は引き続き労働市場に注目しており、来週には多数の雇用統計が予定されているという。
8月上旬、労働市場の急激な減速の兆候が米国の景気後退懸念に 火をつけた後、 世界市場はリスク資産にとって波乱の1ヶ月の終わりに近づいている。日本円 FX_IDC:USDJPYキャリー・トレードの影響により、景気後退は悪化した。
その後、木曜日の経済成長率の上方修正（(link)）を含むその後のデータが投資家の神経を和らげたため、リスクテイクは改善し、ダウ DJ:DJIは過去最高値付近で推移している。
米国東部時間午前11時42分現在、ダウ平均 DJ:DJIは86.41ポイント（0.21％）安の41,248.64、S&P500 SP:SPXは6.36ポイント（0.11％）高の5,598.32、ナスダック総合 TVC:IXICは49.01ポイント（0.28％）高の17,565.44。
S&P500の11セクターのほとんどは横ばいだったが、消費者裁量SP:S5CONDは0.7%上昇し、トレンドに逆らった 。エネルギーSP:SPNは原油価格の下落を受け、 0.6%下落した。
ハイテク株中心のナスダック TVC:IXICとS&P500 SP:SPXは、 エヌビディア NASDAQ:NVDAが明るい決算とほぼ横ばいの見通しにもかかわらず、 (link) 、投資家の 高い期待に届かなかったことから、木曜日は 下落して引けた。AIチップの代表格であるエヌビディアは、前場に6.4％下落した後、0.4％上昇した。
ベンチマークのS&P500とダウは月間で上昇に転じるが、ナスダックは下落が続けば8月も下落で終わる見通しだ。
他の銘柄では、マーベル・テクノロジー >が 第3四半期の業績予想（(link)）を上回り、7.9％上昇した。
Ulta (link) Beauty NASDAQ:ULTAは 年間業績予想を下方修正 し3.0％下落、 インテル NASDAQ:INTC は合併や分割を 含む選択肢を模索しているとの 報道（(link) ）を受け 9.2％上昇した。
デル・テクノロジーズ NYSE:DELLは、年間売上高と利益の見通しを上方 修正し、3.4％上昇した (link)。
レイバー・デー（労働者の日）の祝日のため、週末を控えて取引量は減少する見込み。
ニューヨーク証券取引所では下落銘柄が上昇銘柄を1.06対1、ナスダックでは1.16対1で上回った。
S&P指数は57の52週高値と1つの安値を更新、ナスダックは63の高値と51の安値を更新した。
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tag:reuters.com,2024:newsml_L4N3KH13Y:0 | USDJPY | Nasdaq, S&P 500 inch up before Labor Day weekend on rate-cut hopes | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T16:34:38+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH13Y:0-nasdaq-s-p-500-inch-up-before-labor-day-weekend-on-rate-cut-hopes/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:SOX', 'base_logoid': 'indices/philadelphia-semiconductor-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:SPN', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KH13Y:0-nasdaq-s-p-500-inch-up-before-labor-day-weekend-on-rate-cut-hopes/ | EN | The Nasdaq and the S&P 500 inched up in choppy trading on Friday ahead of the long weekend, after signs of moderating price pressures strengthened bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September. The Personal Consumption Expenditure index , the centr… | The Nasdaq and the S&P 500 inched up in choppy trading on Friday ahead of the long weekend, after signs of moderating price pressures strengthened bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September.
The Personal Consumption Expenditure index , the central bank's preferred inflation gauge, rose 2.5% in July on an annual basis, compared to an estimate of 2.6%, according to economists polled by Reuters. On a monthly basis, it rose 0.2% as expected.
Among rate-sensitive megacaps, Amazon.com NASDAQ:AMZN and Microsoft NASDAQ:MSFT added 1.8% and 0.4%, respectively. Chip stocks also rose, with Broadcom NASDAQ:AVGO climbing 2.3% and Advanced Micro Devices NASDAQ:AMD gaining 0.5%, aiding the Philadelphia SE Semiconductor index's NASDAQ:SOX 1.5% rise.
Friday's PCE report is the last one before the Fed's September meeting and follows Chair Jerome Powell's comments last week, when he expressed support for an imminent policy adjustment.
Odds of a 25-basis-point reduction stood at 67.5%, according to the CME Group's FedWatch Tool, while those of a 50-bps reduction were at 32.5%.
"The data bakes in further that there is going to be a start to the rate-cutting cycle," said Thomas Martin, senior portfolio manager at GLOBALT Investments.
Martin said investors remain focused on the labor market, with a slew of employment reports scheduled for the coming week.
Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden moderation in the labor market sparked recession fears in the United States in early August. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Risk-taking has improved since then, with the Dow DJ:DJI hovering near record highs, as subsequent data including Thursday's upward revision to economic growth soothed investor nerves.
At 11:42 a.m. ET, the Dow Jones Industrial Average DJ:DJI was down 86.41 points, or 0.21%, at 41,248.64, the S&P 500 SP:SPX was up 6.36 points, or 0.11%, at 5,598.32, and the Nasdaq Composite TVC:IXIC was up 49.01 points, or 0.28%, at 17,565.44.
Most of the 11 S&P 500 sectors traded flat, but Consumer Discretionary SP:S5COND bucked the trend with a 0.7% advance. Energy SP:SPN was the biggest laggard with a 0.6% drop, tracking lower oil prices.
The tech-focused Nasdaq TVC:IXIC and the S&P 500 SP:SPX closed lower on Thursday after Nvidia NASDAQ:NVDA failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast. The AI-chip bellwether was up 0.4% after a 6.4% drop in the previous session.
The benchmark S&P 500 and the Dow are set for monthly gains, while the Nasdaq is on track to end August lower, if losses hold.
Among other stocks, Marvell Technology NASDAQ:MRVL jumped 7.9% after forecasting third-quarter results above estimates.
Ulta Beauty NASDAQ:ULTA slid 3.0% after it trimmed its annual results forecasts, while Intel NASDAQ:INTC rose 9.2% following a report it was exploring options which could include a merger or a split.
Dell Technologies NYSE:DELL advanced 3.4% after lifting its annual revenue and profit forecasts.
Trading volumes are expected to thin ahead of the extended weekend due to the Labor Day holiday.
Declining issues outnumbered advancers for a 1.06-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq.
The S&P index recorded 57 new 52-week highs and one new low, while the Nasdaq recorded 63 new highs and 51 new lows.
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te_news:427039:0 | SPX | US Stocks Pare Some Gains | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T16:29:18+00:00 | https://www.tradingview.com/news/te_news:427039:0-us-stocks-pare-some-gains/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:427039:0-us-stocks-pare-some-gains/ | EN | US stocks were mixed on Friday afternoon, as investors assessed key inflation data closely watched by the Federal Reserve.The S&P 500 rose 0.3%, the Nasdaq 100 gained 0.4%, while the Dow Jones gave back gains and turned lower.The Personal Consumption Expenditures (PCE) price index, the Fed's prefer… | US stocks were mixed on Friday afternoon, as investors assessed key inflation data closely watched by the Federal Reserve.
The S&P 500 rose 0.3%, the Nasdaq 100 gained 0.4%, while the Dow Jones gave back gains and turned lower.
The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 0.2% month-on-month and 2.5% year-on-year, matching expectations.
This data bolstered hopes for Fed rate cuts later this year, as the economy showed resilience while keeping the door open for potential easing.
In corporate news, Dell Technologies was up 5.2% after its Q2 earnings exceeded expectations.
Intel surged 8.5% on restructuring reports, despite a 56% decline this year.
In contrast, Super Micro Computer dropped 4.1%, making it the S&P 500's worst performer for both the day and August. All the three major averages are aiming to end a volatile month on a positive note, with the S&P 500 rising 3%, the Nasdaq up 2.5% and the Dow adding 1.3%.
| indices | null | null | null |
DJN_DN20240830006776:0 | SPX | S&P 500 Inches Higher After PCE Inflation Holds Steady — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T16:04:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830006776:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830006776:0/ | EN | By Sam Goldfarb and Angus BerwickThe S&P 500 is poised to finish August modestly higher after new data showed consumer spending remained solid last month, further easing anxieties about an economic slowdown.Typically a slow period, August started with a bang as markets swooned on growth fears and t… | By Sam Goldfarb and Angus Berwick
The S&P 500 is poised to finish August modestly higher after new data showed consumer spending remained solid last month, further easing anxieties about an economic slowdown.
Typically a slow period, August started with a bang as markets swooned on growth fears and the unwinding of some crowded trades. But the selloff proved short-lived. Investors have come back around to the "soft landing" narrative, as U.S. growth remains strong and inflation pressures recede.
Friday's data added to the sense of reassurance. Personal spending rose 0.5% in July from a month earlier, up from 0.3% in June.
Personal income was slightly higher than forecast, rising 0.3%, while the Federal Reserve's preferred measure of inflation clocked in as expected at 2.5% on an annual basis. Overall, it was an encouraging report that led traders to slightly temper their expectations for how much the Fed will cut interest rates over the next several months.
In recent market action:
Stock indexes were muted. The S&P 500 and the Nasdaq Composite ticked higher, while the Dow industrials slipped.
Treasury yields also were subdued. The yield on the 10-year note was hovering a little under 3.9%
European markets were buoyant. The Stoxx Europe 600 hit a record intraday high, after data showed eurozone inflation slowing sharply to 2.2%, the lowest since mid-2021.
In Asia, Japan's Nikkei 225 and Hong Kong's Hang Seng Index climbed. A report showing faster-than-expected inflation in Japan raised the chances of another Bank of Japan rate increase.
Write to Sam Goldfarb at sam.goldfarb@wsj.com and Angus Berwick at angus.berwick@wsj.com
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
| indices | null | null | null |
u_today:a0a577089094b:0 | BTCUSDT | Michael Saylor Weighs in on Bitcoin as BTC Prices Decline | u_today | https://u.today | 2024-08-30T16:04:00+00:00 | https://www.tradingview.com/news/u_today:a0a577089094b:0-michael-saylor-weighs-in-on-bitcoin-as-btc-prices-decline/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:a0a577089094b:0-michael-saylor-weighs-in-on-bitcoin-as-btc-prices-decline/ | EN | Amid the current drop in Bitcoin's price, Michael Saylor, cofounder and chairman of MicroStrategy, has captured the attention in the crypto community with a thought-provoking statement. A staunch bitcoin advocate, Saylor took to X to share his insights, stating, "Success isn’t random—it’s calculate… | Amid the current drop in Bitcoin's price, Michael Saylor, cofounder and chairman of MicroStrategy, has captured the attention in the crypto community with a thought-provoking statement. A staunch bitcoin advocate, Saylor took to X to share his insights, stating, "Success isn’t random—it’s calculated. Bitcoin."
Success isn’t random—it’s calculated. #Bitcoin pic.twitter.com/6dUl37NK6y— Michael Saylor⚡️ (@saylor) August 30, 2024
Saylor's tweet was accompanied by an image that explained his caption. The image bore a mathematical formula derived from Bitcoin variables: 32, which is the total number of halvings to ever occur; 210,000, which is the number of blocks between halvings; 50, which is the number of new Bitcoins issued per block and, lastly, the cumulative number of halvings so far, which is 2i.
The timing of Saylor's tweet coincides with a period of volatility on the cryptocurrency market, where Bitcoin experienced a significant price drop. Several factors have contributed to this decline, including macroeconomic uncertainties and profit-taking by investors.
Several crypto assets are in the red, with Bitcoin down 3.34% in the last 24 hours to $58,167. Bitcoin experienced profit-taking after reaching highs of $61, 194 in yesterday's trading session, falling to an intraday low of $58,027 at press time after losing the $59,000 level.
Ethereum, Shiba Inu, Solana and Chainlink posted losses between 3% and 6%. FET, TAO, WIF and Floki had larger losses between 7% and 18%.
Saylor's message speaks volumes
Saylor's message, "Success isn’t random—it’s calculated," underscores his Bitcoin approach. MicroStrategy, Saylor's company, started acquiring Bitcoin in August 2020 as a hedge against inflation and an alternative to cash.
MicroStrategy, led by Saylor, declared 226,500 Bitcoin holdings on July 31, up a few coins since its most recent purchase announcement in mid-June. The 226,500 Bitcoins were purchased for $8.3 billion, or an average of $36,821 per token. For Saylor and MicroStrategy, Bitcoin is not a speculative gamble but a carefully considered strategy.
Saylor recently stated that he becomes more bullish on Bitcoin with each passing day.
| crypto | null | null | null |
cryptonews:7d4002d84094b:0 | BTCUSDT | Shiba Inu Is 84% Below ATH, Is It Time To Buy $SHIB At Discount? | cryptonews | https://cryptonews.com | 2024-08-30T15:57:00+00:00 | https://www.tradingview.com/news/cryptonews:7d4002d84094b:0-shiba-inu-is-84-below-ath-is-it-time-to-buy-shib-at-discount/ | null | [{'symbol': 'OANDA:LTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'OANDA:BCHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'OANDA:ETHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:USDTUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCUSDT'}, {'symbol': 'BITFINEX:EOSUST', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCEOS'}, {'symbol': 'BITSTAMP:ETHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:BCHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITSTAMP:XLMEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:XLMUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:LTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCLTC'}] | /news/cryptonews:7d4002d84094b:0-shiba-inu-is-84-below-ath-is-it-time-to-buy-shib-at-discount/ | EN | At its current price of $0.000014, the $8.26 billion market cap Shiba Inu ($SHIB) token, the second largest in the sector, is still 84% short of an all-time high of $0.00008616, posted on October 28, 2021. That’s a little odd when you consider that $SHIB back then was just another Dogecoin ($DOGE… | At its current price of $0.000014, the $8.26 billion market cap Shiba Inu ($SHIB) token, the second largest in the sector, is still 84% short of an all-time high of $0.00008616, posted on October 28, 2021.
That’s a little odd when you consider that $SHIB back then was just another Dogecoin ($DOGE) rival.
Fast forward to today and Shiba Inu houses privacy features and its own proprietary Layer 2 on its home chain Ethereum, called Shibarium, which is cultivating a community of developers and users.
Relative to Dogecoin, Shiba Inu posted heavier overnight losses of about 2% compared with $DOGE’s 1% loss. Over the week, Shiba Inu shed about 4% whereas Dogecoin shed 9%. Clearly, Shiba Inu is behaving like a typical volatile multi-billion dollar meme coin.
However, to better understand the extent of Shiba Inu’s recent performance, we can see that in the early hours UTC of July 16 this year, the token hit $0.00001998 but was unable to catch and hold the psychologically important $0.00002 threshold.
A market-wide crash on August 5 effectively halved the price less than a month later, as $SHIB headed perilously close to $0.00001 before rebounding to its current level around $0.000014.
A stable relative strength index (RSI) of 45 indicates there’s a chance the token could recapture $0.000016 shortly as traders buy the dip.
However, if the number of token burns remains low as it has this week, Shiba Inu could face further devaluation. Source: TradingViewShiba Inu’s $SHIB Dips To Attractive Prices, The Meme Games
Shiba Inu is currently a good dip-buying opportunity. However, uncertainty about the meme coin’s future have seasoned meme coin holders wondering if any promising new projects will be a better store of value.
Some exciting projects are so new that you can still buy them at fixed prices in pre-sale, to be in pole position for post-listing gold rushes.
Dubbed crypto’s official Paris Olympics meme coin by degens, The Meme Games ($MGMES) has already raised $404,000 for its buy-to-win bonus multiplier, since launching alongside the Olympic games earlier this summer.
Investors that purchase $MGMES tokens then select their favorite meme coin avatar, between Dogecoin, Pepe, DogWifHat, Brett and Turbo, and watch them race for a one-in-five chance to claim a 25% bonus on their initial purchase.
$MGMES is currently selling at a fixed presale price of $0.00935. In a day, it rises incrementally to the next fixed price of $0.0094.
This means today’s investors can purchase 10,000 $MGMES at just $93.50
This is the lowest price the token will be at for the rest of the presale season, which runs concurrently with this year’s Paris Olympics.
Participants can purchase $MGMES an unlimited number of times with no minimum purchase requirement to increase their chances of securing multiple 25% token bonuses.
The official project website and encourage investors to stake tokens during the presale to take advantage of the tidy 476% APY on offer right now.
This figure decreases with the number of stakers, so participants will want to stake early and stake big to maximize yield. Notably, staking is only available on Ethereum.
Even though it’s only in presale, $MGMES is a more timely and rewarding investment than Shiba Inu tokens like $SHIB and $DOGE.
Follow The Meme Games on and .
Visit the official website.
| crypto | null | null | null |
coindesk:2153bea6b094b:0 | BTCUSDT | Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement | coindesk | https://www.coindesk.com/ | 2024-08-30T15:54:46+00:00 | https://www.tradingview.com/news/coindesk:2153bea6b094b:0-bitcoin-slips-back-to-58k-in-continued-desultory-action-but-next-week-could-offer-upside-excitement/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/coindesk:2153bea6b094b:0-bitcoin-slips-back-to-58k-in-continued-desultory-action-but-next-week-could-offer-upside-excitement/ | EN | In what's become a pattern over the past couple of weeks, bitcoin {{BTC}} is again trending lower during U.S. trading hours, the price sliding back to $58,000 just before noon on the east coast.Currently at $58,200, bitcoin is down just shy of 4.4% over the past 24 hours, outperforming the broader… | In what's become a pattern over the past couple of weeks, bitcoin {{BTC}} is again trending lower during U.S. trading hours, the price sliding back to $58,000 just before noon on the east coast.
Currently at $58,200, bitcoin is down just shy of 4.4% over the past 24 hours, outperforming the broader market gauge CoinDesk 20 Index's 5.6% decline. Ether {{ETH}}, Chainlink (LINK) and Cardana {{ADA}} are among the index constituents dropping more than bitcoin. Having the worst session is Solana {{SOL}} with a 9% decline.
A bit more than 24 hours from the close of August, bitcoin has tumbled more than 12% for the month, more than reversing what had been a strong July. Ether is now lower by 25% for August, narrowing its year-to-date gain to just 7%. Solana is also off 25% for August and posting a 31% year-to-date advance.
Buy Asia, sell the U.S.
Those thinking there's a familiarity to this lame price action are not imagining things. "Asia bids, America dumps," wrote Miles Deutscher earlier on Friday. The cumulative return for bitcoin during Asia trading hours over the past two weeks has been more than 5%, according to Deutscher, while the crypto has posted a negative return during U.S. hours.
"Like clockwork," he added minutes ago as bitcoin once again sold off in the U.S. morning.
Change in trend ahead?
The positive catalysts of growing institutional adoption, a possibly friendlier regulatory environment, and coming Federal Reserve rate cuts have done little for the bitcoin price, which is off more than 20% since hitting an all-time high near $73,500 more than five months ago.
Bulls at this point might have a hard time imagining if there's anything at all that might shake up the poor action. It could get exciting when the U.S. returns from the Labor Day holiday next week, however, as a new wave of economic reports might alter the macro picture.
Headlining the data next week will be the Friday Sept. 6 Nonfarm Payrolls Report for August. The July jobs report was a weak one and likely was the final straw forcing the Fed's hand in promising a September rate cut. Currently, however, market expectations are for only a meek 25 basis point cut in mid-September. A second consecutive weak jobs print, though, might have investors quickly pricing in a 50 basis point move by the central bank, delivering a strong positive jolt to risk markets, bitcoin among them.
The flip side, of course, would be a strong September employment report and the subsequent tempering of the market's outlook for easier monetary policy. Whatever happens, volatility likely lies ahead, and there's probably about a 50% chance it's to the upside. At this point, the bulls would happily take those odds.
| crypto | null | null | null |
forexlive:9a59e3502094b:0 | USDJPY | Choppy trading in the countdown to month end | forexlive | https://www.forexlive.com/ | 2024-08-30T15:20:19+00:00 | https://www.tradingview.com/news/forexlive:9a59e3502094b:0-choppy-trading-in-the-countdown-to-month-end/ | null | [{'symbol': 'FX_IDC:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/forexlive:9a59e3502094b:0-choppy-trading-in-the-countdown-to-month-end/ | EN | We saw some US dollar demand into the London fix all week and that was a preview of today's flows, as the dollar accelerated into the final fix of the month.USD/JPY touched a session high up 76 pips to 145.74, while the Australian dollar also fell to a session low at 0.6775. The euro and pound are… | We saw some US dollar demand into the London fix all week and that was a preview of today's flows, as the dollar accelerated into the final fix of the month.
USD/JPY touched a session high up 76 pips to 145.74, while the Australian dollar also fell to a session low at 0.6775. The euro and pound are slightly above the earlier lows.
It's tough to make sense of market moves at month end as flows top fundamentals. Looking ahead, September seasonals are poor for risk trades but that doesn't always transfer into the types of moves you would expect in FX. Instead, looks for a healthy dose of fundamentals to dominate, including non-farm payrolls next week and rate decisions from all the majors, starting with the Bank of Canada on Wednesday.
The loonie is particularly volatile today after a decent GDP report. Note that it's a holiday in the US and Canada on Monday so the flows in USD and CAD are particularly strong today.
USDCAD 10 mins
| forex | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH0I7:0 | USDJPY | Stocks set to end turbulent month higher as U.S. data sets stage for rate cut | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T14:54:31+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0I7:0-stocks-set-to-end-turbulent-month-higher-as-u-s-data-sets-stage-for-rate-cut/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'TVC:SXXP', 'base_logoid': 'indices/stoxx-600'}, {'symbol': 'TVC:US10Y', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'ICEEUR:BRN1!', 'base_logoid': 'crude-oil'}, {'symbol': 'NYMEX:CL1!', 'base_logoid': 'crude-oil'}, {'symbol': 'TVC:GOLD', 'base_logoid': 'metal/gold'}] | /news/reuters.com,2024:newsml_L1N3KH0I7:0-stocks-set-to-end-turbulent-month-higher-as-u-s-data-sets-stage-for-rate-cut/ | EN | Global stocks rose on Friday, on track for the fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak. The U.S. personal consumption expenditures (PCE) price index - which is the Fe… | Global stocks rose on Friday, on track for the fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak.
The U.S. personal consumption expenditures (PCE) price index - which is the Federal Reserve's preferred inflation measure - rose 0.2% in July, according to Commerce Department data released on Friday.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.5% last month, the report showed. The data sets the stage for the Fed to likely begin easing monetary policy from September.
Wall Street's main indexes were trading higher following the data.
The Dow Jones Industrial Average DJ:DJI rose 0.16% to 41,402.02, the S&P 500 SP:SPX gained 0.58% to 5,624.22 and the Nasdaq Composite TVC:IXIC gained 0.91% to 17,675.08.
Europe's Stoxx index TVC:SXXP was up 0.21% after touching a record intraday high in the early session and Britain's FTSE 100 CURRENCYCOM:UK100 was up 1.7% after rising to a three-month peak. MSCI's world share index EURONEXT:IACWI ticked 0.53% higher, heading for a 2.16% monthly gain.
The stunning recovery from an early August sell-off reminiscent of October 1987's "Black Monday" came as traders priced a so-called Goldilocks scenario, in which the U.S. economy keeps growing but not so much to prevent interest rate cuts.
Money markets are confidently pricing the Fed's first 25 basis point cut of this cycle at its September meeting, with a 33% chance of a jumbo 50 bp reduction.
The U.S. economy grew faster than initially thought in the second quarter of this year because of strong consumer spending, and corporate profits, a report on Thursday showed.
Pictet Asset Management co-head of multi-asset Shaniel Ramjee warned, however, that the current pattern of stocks and bonds rallying in tandem was unlikely to hold.
"We're seeing a bond market that is pricing in a lot of accommodation and an equity market that is reasonably supported by growth," he said.
Government bond markets soared in early August after a weaker-than-expected U.S. jobs report and a surprise Bank of Japan rate hike wreaked chaos in currency carry trades and drove heavy selling of risky assets.
The yield on benchmark U.S. 10-year notes TVC:US10Y rose 0.4 basis points to 3.871%. The 2-year note (US2YT=RR) yield, which typically moves in step with interest rate expectations, rose 2.8 basis points to 3.9206%.
EURO FLAT
The dollar TVC:DXY steadied near a one-week high versus major peers on Friday, on track to snap a five-week losing streak although still heading for around a 2.5% monthly loss.
Against the yen FX_IDC:USDJPY, the dollar stood at 145.37, on track to lose more than 3% for the month, as pressure eased on the Japanese currency on the prospect of narrowing interest rate differentials.
Core inflation in Japan's capital Tokyo accelerated for a fourth straight month in August, data showed on Friday, with the 2.4% price increase signalling further BoJ rate hikes ahead.
The euro FX:EURUSD was flat at $1.107, having declined on Thursday after softer-than-expected German inflation data increased bets on further European Central Bank rate cuts.
Elsewhere in markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.58%, set for a 2.14% monthly increase. Japan's Nikkei TVC:NI225, following its early month collapse, lost 1.16% for the month but rose 0.74% on Friday.
Oil prices fell. Brent crude futures for October delivery ICEEUR:BRN1! dropped 1.41% at $78.81 a barrel, while U.S. crude NYMEX:CL1! lost 2.65% to $73.9 a barrel.
Gold prices weakened although set for a 2.8% monthly gain. Spot gold TVC:GOLD lost 0.2% to $2,515.89 an ounce. U.S. gold futures (GCc1) fell 0.39% to $2,515.80 an ounce.
| forex | null | null | null |
DJN_SN20240830009052:0 | SPX | This approach to dividend stocks can diversify your S&P 500 index-fund exposure | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-30T14:33:00+00:00 | https://www.tradingview.com/news/DJN_SN20240830009052:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NYSE:SPG', 'base_logoid': 'simon-property'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPHD', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'AMEX:VOO', 'base_logoid': 'vanguard'}] | /news/DJN_SN20240830009052:0/ | EN | By Philip van DoornThree stocks make up 20% of your S&P 500 index fundIf you have been pleased with the performance of your investment portfolio over the last decade, chances are you have at least some of your money in an S&P 500 index fund. This has enabled you to ride along with some amazing Big… | By Philip van Doorn
Three stocks make up 20% of your S&P 500 index fund
If you have been pleased with the performance of your investment portfolio over the last decade, chances are you have at least some of your money in an S&P 500 index fund. This has enabled you to ride along with some amazing Big Tech performers while keeping expenses low.
But it might surprise you that index funds such as the $562 billion SPDR S&P 500 Index ETF Trust SPY (the first exchange-traded fund to track the U.S. large-cap benchmark index) or the $248 billion Vanguard S&P 500 ETF VOO have portfolios that are concentrated more than 19.5% to three companies: Microsoft Corp. (MSFT), Apple Inc. (AAPL) and Nvidia Corp. (NVDA).
Both SPY and VOO hold shares of all 500 companies in the S&P 500 SPX. The index itself is weighted by market capitalization, and this rewards success - all three of the stocks at the top of the weighting have been strong performers over the long term. Nvidia has soared 419% over the past three years with dividends reinvested. It now makes up 6.15% of the SPY portfolio, while it made up only 1.37% of the portfolio as of June 30, 2021, according to the fund's schedule of investments for that quarter.
For a benchmark index, the S&P 500 has become "more growthy" over recent years, according to Nick Kalivas, who heads Invesco's factor strategy for the firm's exchange-traded funds.
It is common for professional investors place stocks into growth and value camps. Growth stocks tend to be those of companies increasing their sales rapidly, with stocks trading at relatively high multiples to earnings, revenue or book value. Companies in the value camp are slower growers that tend to trade at lower multiples and are more likely to pay significant dividends to common shareholders.
One commonly cited growth benchmark is the Nasdaq 100 Index NDX, which is made up of the 100 largest companies in the full Nasdaq Composite Index. The Nasdaq 100 Index is cap-weighted and tracked by the Invesco QQQ Trust QQQ. Kalivas told MarketWatch that "the overlap between the Nasdaq 100 and the S&P 500 has moved to over 45%, from 20% 10 years ago."
During periods of declining interest rates, value stocks can benefit because of a decline in borrowing costs. This might help explain the "rotation to value" strategies that have been widely covered in the financial media this summer, amid anticipation of a cycle of cuts to the target range for the federal-funds rate. On Aug. 23, Federal Reserve Chair Jerome Powell said the time had come for lower interest rates.
There are various value-oriented index approaches you can consider if you are concerned with the concentration of the S&P 500. One approach that begins with the same benchmark is followed by the Invesco S&P 500 High Dividend Low Volatility ETF SPHD. This fund has $3.7 billion in assets and has had a net inflow of $480 million from investors since mid-July, according to Kalivas.
SPHD tracks an index of 50 stocks that is maintained by S&P Dow Jones Indices and reconstituted twice a year, on the last business days of January and July. First, the index provider identifies the 75 stocks in the S&P 500 with the highest dividend yields over the previous 12 months. This list is then cut to the 50 showing the lowest levels of price volatility during the same period. Those 50 stocks are weighted by their trailing 12-month dividend yields for the updated portfolio.
"The low-volatility screen is used with the expectation of eliminating a dividend trap," Kalivas said. A stock with a high dividend yield might have a built-in warning to investors: The high yield might reflect a low share price because a problem with the business has led some investors to avoid the stock.
"The idea is if a dividend payer has a lot of volatility, there is uncertainty for its cash flow" and its ability to maintain the dividend payout, Kalivas said.
"As a byproduct of the methodology, it gives you some exposure to value," he added.
The Invesco S&P 500 High Dividend Low Volatility ETF makes dividend distributions monthly. It quotes an SEC 30-day yield of 4.16%. The past 12 monthly distributions have totaled $1.956 a share, for a trailing distribution yield of 3.98%. If that yield doesn't seem attractive, keep in mind that bank CD rates can fall quickly once the Fed begins to cut short-term interest rates.
Here are the 10 largest holdings of SPHD:
Company Ticker Dividend yield % of SPHD portfolio as of Aug. 28
Altria Group Inc. MO 7.65% 3.04%
Crown Castle Inc. CCI 5.61% 2.83%
Verizon Communications Inc. VZ 6.45% 2.76%
VICI Properties Inc. VICI 5.02% 2.61%
Bristol-Myers Squibb Co. BMY 4.83% 2.54%
AT&T Inc. T 5.62% 2.47%
Dominion Energy Inc. D 4.76% 2.41%
Realty Income Corp. O 5.14% 2.38%
Kinder Morgan Inc. Class P KMI 5.37% 2.38%
Simon Property Group Inc. SPG 4.95% 2.34%
Sources: Invesco, FactSet Click on the tickers for more about any index, ETF or stock.
Click here for Tomi Kilgore's guide to the wealth of information available for free on the MarketWatch quote page.
An income idea: You can lock in attractive municipal bond yields before the Fed makes its move
Don't miss: These offshore oil drillers look like bargain stocks as the industry recovers
-Philip van Doorn
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
| indices | null | null | null |
DJN_DN20240830005822:0 | SPX | Intel Up Over 7%, Best Performer In The DJIA and S&P 500 So Far Today — Data Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T14:29:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830005822:0-intel-up-over-7-best-performer-in-the-djia-and-s-p-500-so-far-today-data-talk/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830005822:0-intel-up-over-7-best-performer-in-the-djia-and-s-p-500-so-far-today-data-talk/ | EN | Intel Corporation (INTC) is currently at $21.64, up $1.52 or 7.53%All data as of 10:07:19 AM ETSource: Dow Jones Market Data, FactSet | Intel Corporation (INTC) is currently at $21.64, up $1.52 or 7.53%
Would be highest close since Aug. 1, 2024, when it closed at $29.05On pace for largest percent increase since Aug. 8, 2024, when it rose 7.9%Currently up two consecutive days; up 10.38% over this periodBest two day stretch since the two days ending Nov. 11, 2022, when it rose 10.57%Down 29.59% month-to-date; on pace for worst month since April 2024, when it fell 31.02%Down 56.93% year-to-dateDown 71.09% from its all-time closing high of $74.88 on Aug. 31, 2000Down 40.88% from 52 weeks ago (Sept. 1, 2023), when it closed at $36.61Down 57.36% from its 52-week closing high of $50.76 on Dec. 27, 2023Up 13.98% from its 52-week closing low of $18.99 on Aug. 7, 2024Traded as high as $21.83; highest intraday level since Aug. 19, 2024, when it hit $21.86Up 8.45% at today's intraday high; largest intraday percent increase since Oct. 27, 2023, when it rose as much as 11.87%Best performer in the DJIA todayBest performer in the S&P 500 todaySecond most active stock in the S&P 500 todaySecond best performer in the Nasdaq 100 todaySecond most active stock in the Nasdaq 100 todayContributed 9.99 points to the DJIA so far todayAll data as of 10:07:19 AM ET
Source: Dow Jones Market Data, FactSet
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH0FB:0 | USDJPY | US dollar gains as inflation data backs smaller Fed cut | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T14:20:23+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0FB:0-us-dollar-gains-as-inflation-data-backs-smaller-fed-cut/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX:EURJPY', 'logoid': 'country/JP', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDCHF', 'logoid': 'country/CH', 'base_logoid': 'country/US'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX_IDC:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}, {'symbol': 'FX:EURCHF', 'logoid': 'country/CH', 'base_logoid': 'country/EU'}, {'symbol': 'FX:EURGBP', 'logoid': 'country/GB', 'base_logoid': 'country/EU'}, {'symbol': 'FX:NZDUSD', 'logoid': 'country/US', 'base_logoid': 'country/NZ'}, {'symbol': 'FX_IDC:USDNOK', 'logoid': 'country/NO', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURNOK', 'logoid': 'country/NO', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDSEK', 'logoid': 'country/SE', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURSEK', 'logoid': 'country/SE', 'base_logoid': 'country/EU'}] | /news/reuters.com,2024:newsml_L1N3KH0FB:0-us-dollar-gains-as-inflation-data-backs-smaller-fed-cut/ | EN | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, reinforcing expectations that the Federal Reserve will likely cut interest rates by a smaller 25 basis points next month.The dollar rose 0.5% to 145… | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, reinforcing expectations that the Federal Reserve will likely cut interest rates by a smaller 25 basis points next month.
The dollar rose 0.5% to 145.66 yen after the data FX_IDC:USDJPY. It was up 0.9% for the week, on track for its biggest weekly rise since mid-June.
But the greenback remained down 2.9% for August as a whole, falling for a second straight month versus the Japanese currency.
Friday's data showed the personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain.
Consumer spending was also 0.5% higher last month after expanding 0.3% in June.
"Inflation prints are slowly but surely becoming boring again as this report continues the recent streak of benign core and headline inflation prints," wrote Olu Sonola, head of U.S. economic research at Fitch Ratings, in an emailed note.
"Consumer spending continues to surprisingly exceed all expectations...A 25 basis-point interest rate cut is pretty much set in stone in September, but the Fed will still hope the jobs report next week does nothing to pile on the pressure for a 50 basis-point cut."
U.S. rate futures on Friday implied a 31% chance of a 50 basis-point rate cut next month, down from Thursday's 35% probability, LSEG calculations showed, with the market fully pricing in a 25 basis-point cut, the Fed's first easing in more than four years.
Markets have factored in about 100 bps of cuts by the end of 2024.
The dollar index, a gauge of its value against six major peers, climbed to a 10-day high after the inflation data and was last up 0.1% at 101.52 TVC:DXY. On the week, it rose 0.8%, on track for its best weekly performance since early April.
This month, however, the index fell 2.4%, its weakest since November last year.
The dollar overall continued to benefit from month-end flows, having been sold after Fed Chair Jerome Powell at a Jackson Hole gathering last week gave the clearest signal yet that the U.S. central bank will cut interest rates at the September meeting.
In other currencies, the euro slipped against the dollar to $1.1074 FX:EURUSD. It has fallen 1% this week, on track for its largest weekly loss since April.
The euro, however, rose 2.3% in the month of August, for its best monthly showing since November 2023, with the European Central Bank still on track to lower interest rates again next month.
The single currency fell to a more than one-week low on Thursday and ended down 0.4% after German inflation cooled more than expected, bolstering investors' expectations of ECB cuts.
Currency bid prices at 30 August 02:00 p.m. GMT
Description
RIC
Last
U.S. Close Previous Session
Pct Change
YTD Pct
High Bid
Low Bid
Dollar index
TVC:DXY
101.47
101.36
0.12%
0.10%
101.65
101.24
Euro/Dollar
FX:EURUSD
1.1077
1.1077
0.01%
0.36%
$1.1095
$1.1054
Dollar/Yen
FX_IDC:USDJPY
145.54
144.96
0.43%
3.22%
145.725
144.685
Euro/Yen
FX:EURJPY
1.1077
160.6
0.39%
3.6%
161.29
160.2
Dollar/Swiss
FX_IDC:USDCHF
0.8492
0.8473
0.23%
0.9%
0.851
0.8468
Sterling/Dollar
FX:GBPUSD
1.3144
1.317
-0.17%
3.31%
$1.32
$1.1054
Dollar/Canadian
FX_IDC:USDCAD
1.3482
1.3485
-0.01%
1.72%
1.3509
1.3466
Aussie/Dollar
FX:AUDUSD
0.6782
0.6798
-0.21%
-0.51%
$0.6817
$0.6775
Euro/Swiss
FX:EURCHF
0.9407
0.9385
0.22%
1.3%
0.9417
0.9381
Euro/Sterling
FX:EURGBP
0.8426
0.8411
0.19%
-2.79%
0.8426
0.8401
NZ Dollar/Dollar
FX:NZDUSD
0.6253
0.6257
-0.05%
-1.03%
$0.6275
0.6242
Dollar/Norway
FX_IDC:USDNOK
10.5921
10.4989
0.89%
4.51%
10.6055
10.4767
Euro/Norway
FX:EURNOK
11.7321
11.6308
0.9%
4.56%
11.7383
11.6137
Dollar/Sweden
FX_IDC:USDSEK
10.2677
10.2239
0.43%
1.99%
10.2835
10.209
Euro/Sweden
FX:EURSEK
11.3731
11.3231
0.44%
2.26%
11.3785
11.317
| forex | null | null | null |
tag:reuters.com,2024:newsml_L4N3KH128:0 | USDJPY | インフレ指標後の利下げ期待でウォール街は上昇 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T14:12:00+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3KH128:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:SOX', 'base_logoid': 'indices/philadelphia-semiconductor-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:S5INFT', 'base_logoid': 'sector/information-technology'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KH128:0/ | JA | 米連邦準備制度理事会（FRB）の9月定例理事会で利下げ観測が強まったことを受け、主要インフレ報告で物価上昇圧力が再び緩やかになったことから、ウォール街の主要株価指数は金曜日に上昇し、月初来高値を更新した。 ロイターが世論調査したエコノミストによると、中央銀行が推奨するインフレ指標である 個人消費支出指数（ (link) ）は、7月に年率2.5％上昇した。月次ベースでは、予想通り0.2％上昇した。 金利に敏感なメガ株では、アマゾン・ドット・コム NASDAQ:AMZNが1.3％、マイクロソフト NASDAQ:MSFTが0.7％それぞれ上昇した。チップ株は上昇し、ブロードコム N… | 米連邦準備制度理事会（FRB）の9月定例理事会で利下げ観測が強まったことを受け、主要インフレ報告で物価上昇圧力が再び緩やかになったことから、ウォール街の主要株価指数は金曜日に上昇し、月初来高値を更新した。
ロイターが世論調査したエコノミストによると、中央銀行が推奨するインフレ指標である 個人消費支出指数（ (link) ）は、7月に年率2.5％上昇した。月次ベースでは、予想通り0.2％上昇した。
金利に敏感なメガ株では、アマゾン・ドット・コム NASDAQ:AMZNが1.3％、マイクロソフト NASDAQ:MSFTが0.7％それぞれ上昇した。チップ株は上昇し、ブロードコム NASDAQ:AVGOは3.4％高、アドバンスト・マイクロ・デバイセズ NASDAQ:AMDは1.4％高となり、フィラデルフィアSE半導体指数 NASDAQ:SOXの2.2％上昇に貢献した。
金曜の PCE報告はFRBの 9月会合前最後のもの で、 先週パウエル議長が (link)、差し迫った 政策調整を支持する コメントを発表した 。
「ジャクソンホールでのパウエル議長の講演では、望ましい目標に近づいていることが何度も繰り返された。インジニアム・アナリティクスのマネージング・メンバーであるアンドレ・バホス氏は、「ここで何かが変わることはない。
「来週金曜日には雇用統計が発表される。
CMEグループのFedWatchツールによると、25ベーシスポイント引き下げの確率は69.5％、50ベーシスポイント引き下げの確率は30.5％だった。
8月上旬には、労働市場に急激な減速の兆候が見られたことから、世界最大の経済が予想よりも早く減速するとの懸念が広がり、世界市場はリスク資産にとって波乱の1ヵ月を終えようとしている。日本円 FX_IDC:USDJPYのキャリートレードの影響もあり、景気後退は悪化した。
その後、木曜日の経済成長率の上方修正（(link)）を含むその後のデータが投資家の神経を和らげたため、リスクテイクは改善し、ダウ DJ:DJIは過去最高値に近づき、月間でも上昇する勢いとなっている。
午前9時44分現在、ダウ平均 DJ:DJIは114.66ポイント（0.28％）高の41,449.71、S&P500 SP:SPXは36.45ポイント（0.65％）高の5,628.41、ナスダック総合 TVC:IXICは156.25ポイント（0.89％）高の17,672.68。
ハイテク株 SP:S5INFTの1%上昇を筆頭に、S&P500種11セクター中10セクターが上昇した。
ハイテク株中心のナスダック TVC:IXICとS&P500 SP:SPXは、 エヌビディア NASDAQ:NVDAが明るい決算とほぼ横ばいの見通しにもかかわらず、 (link) 、投資家の 高い期待に応えられず、木曜日は 下落して引けた。AIチップの代表格であるエヌビディアは、前場に6.4％下落した後、1.7％上昇した。
S&P500種株価指数は史上最高値に迫り、月間で1.8％ 上昇 する勢いである 。
マーベル・テクノロジー NASDAQ:MRVLは、第3四半期の業績予想（(link)）が予想を上回り、6.3％上昇した 。
Ulta (link) Beauty >は、 年間業績予想を下方修正し4.4％下落 。
インテル NASDAQ:INTCは、 合併や分割を 含む選択肢を模索しているとの 報道（(link) ）を受けて 5.9％上昇。
デル・テクノロジーズ NYSE:DELLは、年間売上高と利益の見通しを上方修正し、 2.5％ 上昇した (link)。
レイバー・デー（労働者の日）の祝日のため、週末を控えて取引量は減少する見込み。
ニューヨーク証券取引所では値上がり銘柄が値下がり銘柄を3.15対1、ナスダックでは2.43対1で上回った。
S&P500種株価指数は52週間ぶりの高値49、安値1、ナスダック総合株価指数は高値40、安値20を記録した。
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tag:reuters.com,2024:newsml_L4N3KH0YO:0 | USDJPY | Wall St up as rate-cut hopes hold firm after inflation data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T14:11:56+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH0YO:0-wall-st-up-as-rate-cut-hopes-hold-firm-after-inflation-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:SOX', 'base_logoid': 'indices/philadelphia-semiconductor-index'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:S5INFT', 'base_logoid': 'sector/information-technology'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KH0YO:0-wall-st-up-as-rate-cut-hopes-hold-firm-after-inflation-data/ | EN | Wall Street's main indexes rose on Friday and were set for monthly gains after a key inflation report reiterated moderating price pressures, cementing bets for an interest-rate cut at the U.S. Federal Reserve's upcoming meeting in September. The Personal Consumption Expenditure index… | Wall Street's main indexes rose on Friday and were set for monthly gains after a key inflation report reiterated moderating price pressures, cementing bets for an interest-rate cut at the U.S. Federal Reserve's upcoming meeting in September.
The Personal Consumption Expenditure index , the central bank's preferred inflation gauge, rose 2.5% in July on an annual basis compared to an estimate of 2.6%, according to economists polled by Reuters. On a monthly basis, it rose 0.2% as expected.
Among rate-sensitive megacaps, Amazon.com NASDAQ:AMZN and Microsoft NASDAQ:MSFT gained 1.3% and 0.7%, respectively. Chip stocks rose; Broadcom NASDAQ:AVGO added 3.4% and Advanced Micro Devices NASDAQ:AMD climbed 1.4%, aiding the Philadelphia SE Semiconductor index's NASDAQ:SOX 2.2% rise.
Friday's PCE report is the last before the Fed's September meeting and follows Chair Jerome Powell's comments last week expressing support for an imminent policy adjustment.
"Powell's speech at Jackson Hole reiterated several times that we're approaching our desired target. Nothing here is going to cause me to change anything," said Andre Bakhos, managing member at Ingenium Analytics.
"We still have the jobs report coming out next Friday, which would even be a greater concern."
Odds of a 25-basis-point reduction stood at 69.5%, according to the CME Group's FedWatch Tool, while those of a 50-bps reduction were at 30.5%.
Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden moderation in the labor market sparked fears of a quicker-than-expected slowdown in the world's largest economy in early August. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Risk-taking has improved since then, with the Dow DJ:DJI near record highs and on track for monthly gains, as subsequent data including Thursday's upward revision to economic growth soothed investor nerves.
At 09:44 a.m. the Dow Jones Industrial Average DJ:DJI rose 114.66 points, or 0.28%, to 41,449.71, the S&P 500 SP:SPX gained 36.45 points, or 0.65%, to 5,628.41 and the Nasdaq Composite TVC:IXIC gained 156.25 points, or 0.89%, to 17,672.68.
Ten of the 11 S&P 500 sectors advanced, led by a 1% rise in tech stocks SP:S5INFT.
The tech-focused Nasdaq TVC:IXIC and the S&P 500 SP:SPX closed lower on Thursday after Nvidia NASDAQ:NVDA failed to match sky-high investor expectations, despite upbeat results and a broadly in-line forecast. The AI-chip bellwether was up 1.7% after a 6.4% drop in the previous session.
The S&P 500 is close to an all-time high, poised for a monthly gain of 1.8%, while the Nasdaq is up 0.3% in August.
Marvell Technology NASDAQ:MRVL jumped 6.3% after forecasting third-quarter results above estimates.
Ulta Beauty NASDAQ:ULTA slid 4.4% after trimming its annual results forecasts.
Intel NASDAQ:INTC rose 5.9% following a report that it was exploring options which could include a merger or a split.
Dell Technologies NYSE:DELL advanced 2.5% after lifting its annual revenue and profit forecasts.
Trading volumes are expected to thin ahead of the extended weekend due to the Labor Day holiday.
Advancing issues outnumbered decliners by a 3.15-to-1 ratio on the NYSE, and by a 2.43-to-1 ratio on the Nasdaq.
The S&P 500 posted 49 new 52-week highs and one new low, while the Nasdaq Composite recorded 40 new highs and 20 new lows.
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benzinga:1fcc96e6e094b:0 | QQQ | Dollar Surges As Doubts Over Aggressive Rate Cuts Grow, Wall Street Climbs On Consumer Strength: 7 ETFs React To Fed's Inflation Data | benzinga | https://benzinga.com/ | 2024-08-30T13:58:54+00:00 | https://www.tradingview.com/news/benzinga:1fcc96e6e094b:0-dollar-surges-as-doubts-over-aggressive-rate-cuts-grow-wall-street-climbs-on-consumer-strength-7-etfs-react-to-fed-s-inflation-data/ | null | [{'symbol': 'AMEX:UUP', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:XLK', 'base_logoid': 'sector/technology'}, {'symbol': 'NASDAQ:MAGS', 'base_logoid': 'roundhmetave-aeoa'}, {'symbol': 'NASDAQ:SOXX', 'base_logoid': 'ishares'}, {'symbol': 'NASDAQ:MDB', 'base_logoid': 'mongodb'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}] | /news/benzinga:1fcc96e6e094b:0-dollar-surges-as-doubts-over-aggressive-rate-cuts-grow-wall-street-climbs-on-consumer-strength-7-etfs-react-to-fed-s-inflation-data/ | EN | The U.S. dollar strengthened across the board on Friday after newly released economic data suggested the Federal Reserve might not rush to implement large rate cuts.Meanwhile, Wall Street took comfort in data highlighting the ongoing strength of U.S. consumers, who continue to be a vital driver of… | The U.S. dollar strengthened across the board on Friday after newly released economic data suggested the Federal Reserve might not rush to
Meanwhile, Wall Street took comfort in data highlighting the ongoing strength of U.S. consumers, who continue to be a vital driver of economic growth.
What Happened: The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditure (PCE) Price Index, halted its downward trend in July, though it remained below economists’ expectations.
The index held steady at a 2.5% year-over-year rate, the same as in June, slightly under the anticipated increase to 2.6%.
When volatile items like food and energy were excluded, the core PCE Price Index also remained unchanged at 2.6% on an annual basis, missing forecasts of a rise to 2.7%.
In addition to the inflation data, stronger-than-expected reports on personal income and spending further underscored the economy’s robustness.
Personal income rose by $75.1 billion, or 0.3% month-over-month in July, surpassing both the previous and expected increases of 0.2%.
On Thursday, government data revealed the annualized rate in the second quarter, a significant acceleration from the 1.4% growth in the first quarter. This revision was largely driven by a surge in consumer spending, which nearly doubled to 2.9%, up from 1.5% in the first quarter.
Why It Matters: The softer-than-expected PCE report suggests the Federal Reserve is likely to proceed with gradual rate cuts, which market participants have already largely priced in.
The latest data also signals less urgency for outsized or rapid cuts, as the underlying strength of the economy mitigates recession concerns that had emerged earlier in the month.
As a result, expectations for a 50-basis-point rate cut in September have diminished over the past two sessions, with market-implied odds dropping to 30%, according to the CME FedWatch tool.
Market Reactions
The Invesco DB USD Index Bullish Fund ETF AMEX:UUP, which tracks the U.S. dollar against a basket of currencies, gained 0.2% minutes after the market opened Friday.The stronger dollar put pressure on gold, as tracked by the SPDR Gold Trust AMEX:GLD, which fell 0.2%.Small-cap stocks, tracked by the iShares Russell 2000 ETF AMEX:IWM, were 0.4% higher.The tech-heavy Invesco QQQ Trust, Series 1 NASDAQ:QQQ, rallied 0.9%.Sector-wise, the Technology Select Sector SPDR Fund AMEX:XLK outperformed, climbing 0.8%.The Magnificent Seven stocks, tracked by the Roundhill Magnificent Seven ETF NASDAQ:MAGS, rose 0.4%.Semiconductors rallied substantially, with the iShares Semiconductor ETF NASDAQ:SOXX up 2.2%, buoyed by positive earnings report from MongoDB Inc. NASDAQ:MDB and Marvell Technology Inc. NASDAQ:MRVL Read Now:
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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te_news:427006:0 | SPX | US Stocks Rise after PCE Report | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T13:36:17+00:00 | https://www.tradingview.com/news/te_news:427006:0-us-stocks-rise-after-pce-report/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:427006:0-us-stocks-rise-after-pce-report/ | EN | US stocks rose on Friday, with S&P 500 up 0.5%, Nasdaq up 0.7%, and Dow Jones futures gaining more than 100 points, after the PCE report.Both headline and core PCE prices increased 0.2% in July, aligning with expectations, while the annual rates remained unchanged, contrary to forecasts of a rise.M… | US stocks rose on Friday, with S&P 500 up 0.5%, Nasdaq up 0.7%, and Dow Jones futures gaining more than 100 points, after the PCE report.
Both headline and core PCE prices increased 0.2% in July, aligning with expectations, while the annual rates remained unchanged, contrary to forecasts of a rise.
Markets fully anticipate a rate cut at the Fed’s September 18 meeting.
Nvidia rose 1% after a 6% drop the previous day, while Marvell Technology and Dell Technologies advanced on strong earnings.
Alibaba jumped 4% after completing a three-year regulatory compliance process.
For August, the S&P 500 is up 1.3%, the Dow 1.2%, and the Nasdaq down 0.5%.
This week, the S&P 500 and Nasdaq are set for losses of 0.8% and 2%, respectively, while the Dow is on track for its third straight positive week, up 0.4%.
| indices | null | null | null |
urn:newsml:mtnewswires.com:20240830:G2408540:0 | NI225 | Japan's Jobless Rate Increases to 2.7% in July | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T13:34:32+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408540:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408540:0/ | EN | Japan's unemployment rate rose to 2.7% in July from 2.5% in June on a seasonally adjusted basis, according to figures released by the Ministry of Internal Affairs & Communication on Thursday. The latest seasonally adjusted jobless rate translates to 1.87 million people without jobs, as per governme… | Japan's unemployment rate rose to 2.7% in July from 2.5% in June on a seasonally adjusted basis, according to figures released by the Ministry of Internal Affairs & Communication on Thursday.
The latest seasonally adjusted jobless rate translates to 1.87 million people without jobs, as per government data.
The jobs-to-applicants ratio slipped to 1.24 in July, indicating that 124 jobs were available for every 100 people seeking them, according to separate data from the country's labor ministry.
Of the unemployed, 810,000 people left their jobs voluntarily, up 7% year on year, while 460,000 people were let go by their employers, down 1% year on year. The number of new job seekers during the month was 480,000 people, 1% higher than a year ago.
In terms of sex, 830,000 were unemployed women, while 1.04 million were unemployed men, the data showed.
The country's labor force in June contracted 9% year over year to 69.54 million, of which 67.66 million were employed, the ministry reported.
The latest jobless reading came weeks after Japan reported economic growth in the second quarter of 2024.
The country's annualized gross domestic product grew 3.1% in the April-to-June period, compared to the final reading of a 2.3% slump in the first quarter, the Cabinet Office reported Aug. 15.
| indices | null | null | null |
DJN_DN20240830005228_20240830005228:0 | SPX | S&P 500 Rises 27.40 Points (0.49%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T13:33:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830005228_20240830005228:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240830005228_20240830005228:0/ | EN | null | null | indices | null | null | null |
urn:newsml:mtnewswires.com:20240830:G2408458:0 | NI225 | Japan Retail Sales Gain Moderately in July | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T13:22:33+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408458:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408458:0/ | EN | Retail sales in Japan in July rose 2.6% on year, and gained a seasonally adjusted 0.2% from June, reported the Ministry of Economy, Trade & Industry (METI) on Friday. The nation's department stores, which have benefitted from a resurgence of inbound tourism in the post-pandemic years, posted sales… | Retail sales in Japan in July rose 2.6% on year, and gained a seasonally adjusted 0.2% from June, reported the Ministry of Economy, Trade & Industry (METI) on Friday.
The nation's department stores, which have benefitted from a resurgence of inbound tourism in the post-pandemic years, posted sales up 5.1% on year in July, while supermarket sales lagged a bit, off 0.1% on year.
Convenience-store sales rose 0.7% on year in July, while sales at large-scale specialty retailers of home electric appliances rose 1.6% on year in July, reported METI.
Drugstore sales rose 4.5% on year in July, while home-improvement store sales fell by 1.5% in the same period.
The Japan July retail sales volume fell below expectations, said ING Think, an arm of the Dutch investment house.
"Retail sales rose a less-than-expected seasonally adjusted 0.2% month-over-month in July...but have risen now for four consecutive months. Motor vehicle sales, up by 5.6% on month, have risen for three months, and household machines, up 5.5% on month, also rebounded solidly," said ING Think.
METI also reported that commercial sales rose 7.5% on year in July, and gained 2.5% on month, while wholesale sales rose 9.9% on year and gained 3.1% on month.
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tag:reuters.com,2024:newsml_L4N3KH0UG:0 | USDJPY | Wall Street poised for higher open after July inflation data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T13:14:19+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH0UG:0-wall-street-poised-for-higher-open-after-july-inflation-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:LULU', 'base_logoid': 'lululemon-athletica'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}] | /news/reuters.com,2024:newsml_L4N3KH0UG:0-wall-street-poised-for-higher-open-after-july-inflation-data/ | EN | Wall Street's main indexes were set for a higher start on Friday after a key inflation report reiterated that price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September. The Personal Consumption Expenditure index, the central… | Wall Street's main indexes were set for a higher start on Friday after a key inflation report reiterated that price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September.
The Personal Consumption Expenditure index, the central bank's preferred inflation measure, rose 2.5% in July on an annual basis compared to an estimate of 2.6%, according to economists polled by Reuters. On a monthly basis, it rose 0.2% as expected.
Among rate-sensitive megacaps, Alphabet NASDAQ:GOOG and Meta NASDAQ:META gained 0.8% and 0.6%, respectively, while Tesla NASDAQ:TSLA added 1.2% in premarket trading.
Friday's PCE report is the last before the Federal Reserve's September meeting and follows Fed Chair Jerome Powell's comments last week expressing support for an imminent policy adjustment.
"Powell's speech at Jackson Hole reiterated several times that we're approaching our desired target. Nothing here is going to cause me to change anything," said Andre Bakhos, managing member at Ingenium Analytics.
"I would vote 25 bps because it's been going in the direction the Fed has been targeting and the market has factored all of this in."
Odds of a 25-basis-point reduction stood at 69.5%, according to the CME Group's FedWatch Tool, while those of a 50-bps reduction are at 30.5%.
Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden moderation in the labor market sparked fears of a quicker-than-expected slowdown in the world's largest economy in early August. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Risk-taking has improved since then, with the Dow DJ:DJI at a record high and on track for monthly gains as subsequent data, including Thursday's upward revision to economic growth, soothed investor nerves.
At 08:43 a.m., Dow E-minis CBOT_MINI:YM1! were up 79 points, or 0.19%, S&P 500 E-minis CME_MINI:ES1! were up 25.25 points, or 0.45%, Nasdaq 100 E-minis CME_MINI:NQ1! were up 162.5 points, or 0.84%.
The tech-focused Nasdaq TVC:IXIC and the S&P 500 SP:SPX closed lower in the previous session after Nvidia NASDAQ:NVDA failed to match investors' sky-high expectations despite upbeat results and a broadly in-line forecast. The AI-chip bellwether was up 0.9% after a 6.4% drop in the previous session.
The benchmark S&P 500 is close to an all-time high, poised for a monthly gain of 1.2%, while the Nasdaq is down 0.47% in August.
Marvell Technology NASDAQ:MRVL forecast third-quarter results above Street estimates, sending the chipmaker's shares up 11.2%.
Dell Technologies NYSE:DELL advanced 4.87% after lifting its annual revenue and profit forecasts, buoyed by demand for its AI-optimized servers.
Lululemon Athletica NASDAQ:LULU gained 3.86% after posting a beat on second-quarter profit, while Ulta Beauty NASDAQ:ULTA slid 6.2% after it trimmed its annual results forecasts due to slowing demand.
Investors will also parse the University of Michigan's final reading on consumer sentiment for August later in the day.
Trading volumes are expected to thin ahead of the extended weekend due to the Labor Day holiday.
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forexlive:3a7e3ee35094b:0 | USDJPY | US dollar pops as we count down to month end | forexlive | https://www.forexlive.com/ | 2024-08-30T12:58:26+00:00 | https://www.tradingview.com/news/forexlive:3a7e3ee35094b:0-us-dollar-pops-as-we-count-down-to-month-end/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/forexlive:3a7e3ee35094b:0-us-dollar-pops-as-we-count-down-to-month-end/ | EN | The US dollar jumped in the aftermath of the PCE report, though I'm not sure that correlation equals causation. The PCE report was a touch low, highlighting the downtrend in inflation. That should have weighed on the dollar and did initially, albeit slightly.A short time later the dollar rebounded… | The US dollar jumped in the aftermath of the PCE report, though I'm not sure that correlation equals causation. The PCE report was a touch low, highlighting the downtrend in inflation. That should have weighed on the dollar and did initially, albeit slightly.
A short time later the dollar rebounded and Treasury yields inched higher in what's more-likely a case of month-end flows. It was a volatile month in the FX market and USD/JPY in particular. Right now is the most-liquid time of the day in FX and the move was likely an indication of strong flows ahead of the long weekend in the US, with some buy-stops run on the break of the weekly highs as well.
USD/JPY 30 mins
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DJN_DN20240830004728:0 | SPX | Autodesk Stock Is S&P 500's Top Performer After Earnings — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T12:55:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830004728:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:ADSK', 'base_logoid': 'autodesk'}] | /news/DJN_DN20240830004728:0/ | EN | By Emily DattiloShares of Autodesk were rising Friday after the design-software company turned in a beat-and-raise quarter that left Wall Street applauding.The stock was up 5% to $271.02 in premarket trading Friday. It was the best performer in the S&P 500 during the premarket session.For its secon… | By Emily Dattilo
Shares of Autodesk were rising Friday after the design-software company turned in a beat-and-raise quarter that left Wall Street applauding.
The stock was up 5% to $271.02 in premarket trading Friday. It was the best performer in the S&P 500 during the premarket session.
For its second fiscal quarter, Autodesk reported adjusted earnings of $2.15 a share, beating analysts' call for $2, according to FactSet. Revenue of $1.51 billion was also above the consensus estimate of $1.48 billion.
Total billings rose 13% to $1.24 billion, but were shy of the $1.33 billion Wall Street had forecast.
For its third quarter, the company forecast adjusted earnings between $2.08 and $2.14 a share, while analysts estimated $2.12.
For fiscal 2025, the company increased its outlook for adjusted earnings to a range of $8.18 to $8.31 a share from a prior forecast of $7.99 to $8.21.
The quarterly report arrives several weeks after Autodesk said it would "carefully review" a letter from activist investor Starboard Value that pushed for changes at the company. This was one point mentioned by KeyBanc Capital Markets analysts led by Jason Celino, who raised their price target to $325 from $305 and reiterated an Overweight rating on the stock.
"Without directly addressing recent activist feedback, the Company articulated a measured CFO search timeline, accelerated the pace of buybacks into FY26, and reiterated a continued (and in-process) commitment to drive operational efficiency and deliver greater shareholder value," he wrote.
William Blair analysts Dylan Becker and Faith Brunner, who rate shares at Outperform, also weighed in on the quarter.
"We continue to believe the healthy pipeline activity evidenced throughout the first half of the year highlights both the strategic importance of the company's tools and resiliency of its diversified end-market exposure, which remains well positioned to support several years of digitization momentum," they wrote.
Oppenheimer analysts led by Ken Wong struck a similar tone, raising their price target to $300 from $275 and maintaining an Outperform rating. Billings fell short, but thanks to the guidance boost "the overall dynamics still net out positive," the analysts argued.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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te_news:426994:0 | SPX | US Futures Point to Higher Open After PCE Report | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T12:50:40+00:00 | https://www.tradingview.com/news/te_news:426994:0-us-futures-point-to-higher-open-after-pce-report/ | null | [{'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426994:0-us-futures-point-to-higher-open-after-pce-report/ | EN | US futures rose on Friday, with S&P 500 futures up 0.4%, Nasdaq 100 up 0.7%, and Dow Jones futures gaining about 40 points, after the PCE report.Both headline and core PCE prices increased 0.2% in July, aligning with expectations, while the annual rates remained unchanged, contrary to forecasts of… | US futures rose on Friday, with S&P 500 futures up 0.4%, Nasdaq 100 up 0.7%, and Dow Jones futures gaining about 40 points, after the PCE report.
Both headline and core PCE prices increased 0.2% in July, aligning with expectations, while the annual rates remained unchanged, contrary to forecasts of a rise.
Personal income and spending grew near consensus levels, bolstering the Fed's strategy for a soft landing before possible rate cuts.
Markets fully anticipate a rate cut at the Fed’s September 18 meeting.
Nvidia rose 1% in premarket trading after a 6% drop the previous day, while Marvell Technology and Dell Technologies advanced on strong earnings.
Alibaba jumped 4.7% after completing a three-year regulatory compliance process.
For August, the S&P 500 is up 1.3%, the Dow 1.2%, and the Nasdaq down 0.5%.
This week, the S&P 500 and Nasdaq are set for losses of 0.8% and 2%, respectively, while the Dow is on track for its third straight positive week, up 0.4%.
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tag:reuters.com,2024:newsml_L1N3KH0E0:0 | USDJPY | US dollar gains after inflation data | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T12:36:50+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0E0:0-us-dollar-gains-after-inflation-data/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}] | /news/reuters.com,2024:newsml_L1N3KH0E0:0-us-dollar-gains-after-inflation-data/ | EN | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with expectations, while personal spending and income increased, reinforcing expectations that the Federal Reserve will like cut interest rates by a smaller 25 basis points next month.The personal consumption ex… | The U.S. dollar gained on Friday after data showed a key inflation measure came in line with expectations, while personal spending and income increased, reinforcing expectations that the Federal Reserve will like cut interest rates by a smaller 25 basis points next month.
The personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June, data showed. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain.
Consumer spending was also 0.5% higher last month after expanding 0.3% in June.
The dollar extended gains against the yen after the data to 145.72 yen, up .5% FX_IDC:USDJPY, while the dollar index was up 0.2% at 101.55 TVC:DXY.
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urn:newsml:mtnewswires.com:20240830:A3214222:0 | SPX | Fed's Preferred Inflation Metric Looms as US Equity Futures Rise Pre-Bell | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T12:22:54+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:A3214222:0/ | null | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}] | /news/mtnewswires.com:20240830:A3214222:0/ | EN | US equity futures were higher Friday premarket as traders braced for the Federal Reserve's preferred measure of inflation. The Dow Jones Industrial Average futures increased 0.2%, S&P 500 futures rose 0.5%, and Nasdaq futures were up 0.8%. Oil prices were little changed, with front-month global ben… | US equity futures were higher Friday premarket as traders braced for the Federal Reserve's preferred measure of inflation.
The Dow Jones Industrial Average futures increased 0.2%, S&P 500 futures rose 0.5%, and Nasdaq futures were up 0.8%.
Oil prices were little changed, with front-month global benchmark North Sea Brent crude hovering near the flatline at $78.81 per barrel and US West Texas Intermediate crude down 0.1% at $75.81 per barrel.
Personal income, scheduled for release at 8:30 am ET, is seen rising 0.2% in July to match June's increase. The core personal consumption expenditures price index, the Fed's preferred inflation metric, is seen increasing 0.2% to match the previous month's uptick.
The Chicago Purchasing Managers' Index, due at 9:45 am ET, is expected to drop to 45.0 in August from July's 45.3.
No change is expected for Consumer sentiment, slated for 10 am ET, from the mid-month flash at 67.8 in the final reading for August.
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urn:newsml:mtnewswires.com:20240830:A3214186:0 | USDJPY | US Dollar Falls Early Friday, Focus on PCE Prices, Chicago PMI, Michigan Consumer Sentiment Data | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T12:03:17+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:A3214186:0/ | null | [{'symbol': 'FX_IDC:USDEUR', 'logoid': 'country/EU', 'base_logoid': 'country/US'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}] | /news/mtnewswires.com:20240830:A3214186:0/ | EN | The US dollar fell against its major trading partners early Friday, except for a gain versus the yen, with the focus on personal income, spending and price data for July and the final estimate of August consumer sentiment from the University of Michigan before the start the long holiday weekend. Pe… | The US dollar fell against its major trading partners early Friday, except for a gain versus the yen, with the focus on personal income, spending and price data for July and the final estimate of August consumer sentiment from the University of Michigan before the start the long holiday weekend.
Personal income, spending and PCE price data are schedule to be released at 8:30 am ET. Core prices, watched closely by the Federal Reserve, are forecast to rise by 0.2% from June and 2.7% from a year ago, slightly faster than the 2.6% rate in the previous month.
The Chicago purchasing managers' index for August is due to be released at 9:45 am ET, the last regional conditions readings before the Institute for Supply Management's manufacturing index is published Sept. 3.
The final consumer sentiment reading for August is due at 10:00 am ET after the preliminary reading released on Aug. 15 showed a modest improvement overall due to a more optimistic outlook that offset increased concerns about the current situation.
Updated gross domestic product Nowcast forecasts from the Atlanta and St. Louis Federal Reserve banks are due around midday.
A quick summary of foreign exchange activity heading into Friday:
FX_IDC:USDEUR rose to 1.1079 from 1.1076 at the Thursday US close but was below a level of 1.1098 at the same time Thursday morning. Eurozone consumer prices rose in August after a flat reading in July while core prices rebounded from a July decline, but year-over-year rates slowed, data released earlier Friday showed. European Central Bank policy board member Isabel Schnabel said overnight that the ECB needs to be cautious when lowering rates but noted that further rate cuts should not impact the slowing of inflation, according to Reuters. The next ECB meeting is scheduled for Sept. 12.
FX:GBPUSD rose to 1.3178 from 1.3166 at the Thursday US close but was below a level of 1.3198 at the same time Thursday morning. UK home prices declined in August, though the year-over-year rate accelerated, while mortgage lending increased in July, according to data released earlier Friday. The next Bank of England meeting is scheduled for Sept. 19.
FX:USDJPY rose to 145.2971 from 144.9191 at the Thursday US close and 144.5778 at the same time Thursday morning. Tokyo's consumer price inflation, an early indicator of the overall Japanese consumer price index, accelerated in August, while Japanese industrial production rebounded in July and the unemployment rate ticked up, data released overnight showed. The next Bank of Japan meeting is scheduled for Sept. 19-20.
FX:USDCAD fell to 1.3477 from 1.3486 at the Thursday US close but was above a level of 1.3456 at the same time Thursday morning. Canada GDP for July and Q2 are due for release at 8:30 am ET, followed by Canadian budget data for June at 11:00 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.
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tag:reuters.com,2024:newsml_L1N3KH0BA:0 | USDJPY | Dollar set to snap 5-week losing run while yuan rallies | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T11:55:20+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH0BA:0-dollar-set-to-snap-5-week-losing-run-while-yuan-rallies/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX_IDC:USDCNY', 'logoid': 'country/CN', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}, {'symbol': 'FX:EURJPY', 'logoid': 'country/JP', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/reuters.com,2024:newsml_L1N3KH0BA:0-dollar-set-to-snap-5-week-losing-run-while-yuan-rallies/ | EN | The dollar held steady near a one-week high against major peers on Friday and is on track to snap a five-week losing streak after robust economic data caused investors to pare bets on aggressive Federal Reserve interest rate cuts.The Chinese yuan rose to its strongest since June 2023, while the eur… | The dollar held steady near a one-week high against major peers on Friday and is on track to snap a five-week losing streak after robust economic data caused investors to pare bets on aggressive Federal Reserve interest rate cuts.
The Chinese yuan rose to its strongest since June 2023, while the euro was little changed as inflation data confirmed the message of national readings on Thursday that euro zone price pressures are quickly easing.
Investors were waiting for the release of core personal consumption expenditures price index, the Fed's preferred inflation gauge, at 1230 GMT (8:30 a.m. ET).
The U.S. dollar index TVC:DXY, which measures the currency against a basket of six major peers, was flat at 101.37, after rising 0.36% on Thursday and touching the highest since Aug. 22 at 101.58.
Overnight, U.S. data showed gross domestic product (GDP) grew at a 3.0% annualised rate in the second quarter, an upward revision from the 2.8% rate reported last month.
"That's been the market mover from the price action overnight, particularly when you look at currencies and U.S. Treasury yields," said Rodrigo Catril, senior FX strategist at National Australia Bank, referring to the GDP reading.
"The takeaway there - the highlight - is that the consumer was stronger than had previously been thought," he added.
The dollar is on course for a 0.6% gain this week, which would be its best week since the start of April. Over August, though, it is set for a drop of about 2.6% on the back of cooling inflation and a slowing labour market.
Traders see a September rate cut as a done deal but, after the data, laid only 34% odds of a 50-basis point cut, down from 38% a day earlier, according to the CME Group's FedWatch Tool.
China's yuan firmed to a 14-month high on Friday, heading for its biggest monthly jump since November, amid growing corporate demand for the Chinese currency as expectations heighten for U.S. rate cuts.
The onshore yuan FX_IDC:USDCNY strengthened as far as 7.0825 per dollar before last changing hands at 7.0913, on track for a rise of around 2% for August.
"In the short term we cannot rule out the possibility of a 'stampede' for currency conversion" that could boost the yuan above 7.0 per dollar, China International Capital Corp (CICC) said in a note.
The euro FX:EURUSD was very slightly higher at $1.1086 after data showed euro zone inflation slowed to 2.2% year-on-year in August, down from 2.6% in July, leaving the European Central Bank on track to lower interest rates again next month.
The single currency fell to a more than one-week low on Thursday and ended down 0.4% after German inflation cooled more than expected, bolstering investors' expectations of ECB cuts.
Sterling FX:GBPUSD rose 0.1% to $1.318 after dipping to $1.3146 overnight, a one-week low, as the dollar climbed.
The yen held near the closely watched 145-per-dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yields.
The Japanese currency largely ignored data on Friday showing core consumer prices in Tokyo climbing at a faster-than-expected 2.4% in August.
The Aussie FX:AUDUSD was little changed at $0.68 after hitting the highest since Jan. 2 at $0.6824 a day earlier, as it continued to draw support from hotter-than-expected consumer price figures this week. The currency shrugged off an unexpected stagnation in retail sales data on Friday.
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tag:reuters.com,2024:newsml_L4N3KH0QV:0 | USDJPY | Futures gain ahead of inflation data as Fed's September meeting looms | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T11:33:20+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH0QV:0-futures-gain-ahead-of-inflation-data-as-fed-s-september-meeting-looms/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:LULU', 'base_logoid': 'lululemon-athletica'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}] | /news/reuters.com,2024:newsml_L4N3KH0QV:0-futures-gain-ahead-of-inflation-data-as-fed-s-september-meeting-looms/ | EN | U.S. stock index futures edged up on Friday ahead of a crucial inflation report that could influence investor expectations about the extent of the central bank's interest-rate cuts this year. Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden modera… | U.S. stock index futures edged up on Friday ahead of a crucial inflation report that could influence investor expectations about the extent of the central bank's interest-rate cuts this year.
Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden moderation in the labor market sparked fears of a quicker-than-expected slowdown in the world's largest economy in early August. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Risk-taking has improved since then, with the Dow DJ:DJI at a record high and on track for monthly gains as subsequent data, including Thursday's upward revision to economic growth, soothed nervous investors.
"With all that data in hand, the general perception is that the (U.S.) economy is doing better than thought, and that a larger 50 basis point cut from the Fed is now less likely," Deutsche Bank analysts said in a note.
Focus now shifts to the Personal Consumption Expenditure data, the Fed's preferred inflation gauge, due at 8:30 a.m. ET.
This will be the last PCE report before the Federal Reserve's highly anticipated September meeting. Economists polled by Reuters forecast a marginal rise in inflation to 2.6% in July on an annual basis, from the previous month's 2.5%.
Following Fed Chair Jerome Powell's support last week for imminent policy adjustment, optimism around an interest-rate cut in September remains strong. Odds of a 25-basis-point reduction are at 65.5%, while those of a 50-bps reduction are at 34.5%, according to the CME Group's FedWatch Tool.
At 07:08 a.m., Dow E-minis CBOT_MINI:YM1! were up 89 points, or 0.21%, S&P 500 E-minis CME_MINI:ES1! were up 23.75 points, or 0.42%, Nasdaq 100 E-minis CME_MINI:NQ1! were up 138.5 points, or 0.71%.
The tech-focused Nasdaq TVC:IXIC and the S&P 500 SP:SPX closed lower in the previous session after Nvidia NASDAQ:NVDA failed to match investors' sky-high expectations despite upbeat results and a broadly in-line forecast. The AI-chip bellwether was up 1.3% in premarket trading after a 6.4% drop in the previous session.
The benchmark S&P 500 is close to an all-time high, poised for a monthly gain of 1.2%, while the Nasdaq is down 0.47% in August.
Rate-sensitive megacaps such as Alphabet NASDAQ:GOOG and Microsoft NASDAQ:MSFT added 0.8% each, while Tesla NASDAQ:TSLA rose more than 1%, supported by a dip in Treasury yields.
Among others, Marvell Technology NASDAQ:MRVL forecast third-quarter results above Street estimates, sending the chipmaker's shares up 10.8%.
Dell Technologies NYSE:DELL advanced 5.7% after lifting its annual revenue and profit forecasts, buoyed by demand for its AI-optimized servers.
Lululemon Athletica NASDAQ:LULU gained 4% after posting a beat on second-quarter profit, while Ulta Beauty NASDAQ:ULTA slid 8.4% after it trimmed its annual results forecasts due to slowing demand.
Investors will also parse the University of Michigan's final reading on consumer sentiment for the month of August later in the day.
Trading volumes are expected to thin ahead of the extended weekend due to the Labor Day holiday.
| forex | null | null | null |
u_today:a4626740b094b:0 | BTCUSDT | Legendary Trader John Bollinger Returns to This Bitcoin Price Prediction as It Comes True | u_today | https://u.today | 2024-08-30T11:21:00+00:00 | https://www.tradingview.com/news/u_today:a4626740b094b:0-legendary-trader-john-bollinger-returns-to-this-bitcoin-price-prediction-as-it-comes-true/ | null | [{'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:a4626740b094b:0-legendary-trader-john-bollinger-returns-to-this-bitcoin-price-prediction-as-it-comes-true/ | EN | John Bollinger, trading expert and inventor of the Bollinger Bands, has been recognized for his Bitcoin price prediction from over two months ago. Back in June, after reviewing the chart of the first cryptocurrency using his own technical indicator, Bollinger said that Bitcoin would likely continue… | John Bollinger, trading expert and inventor of the Bollinger Bands, has been recognized for his Bitcoin price prediction from over two months ago. Back in June, after reviewing the chart of the first cryptocurrency using his own technical indicator, Bollinger said that Bitcoin would likely continue to rise. At the time, the price per BTC was $60,940.
Fast forward two months, and we get BTC at $59,480. Its position relative to the Bollinger Bands is still pulling the cryptocurrency toward the lower of the two. Looking at the trends of the last two months, you can actually see that the first cryptocurrency traded mostly sideways.
Yes, there were large liquidations and declines, as well as gains of more than 10% within a week. However, as a result, the price did not really go anywhere.Source: TradingView
In fact, it even lost, reducing to zero all the actions of bullish players on the market during that time.
What's next?
If we base our future predictions for Bitcoin on the same Bollinger Bands again, it is worth noting that the upper band is currently just above $64,000, and the lower band is at $56,290. Bitcoin itself is below the dividing line, which can be said to mean that the price of the main cryptocurrency is more inclined to fall further to the lower boundary than to rise.
Ahead of the market is waiting for the closing of the weekly, monthly and quarterly candlesticks at the same time, and it will all happen on Sunday, Sept. 1. Where Bitcoin will be on that day - above or below this line - will largely determine the future direction of its price.
| crypto | null | null | null |
te_news:426978:0 | SPX | US Futures Rise Ahead PCE Data | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T11:20:59+00:00 | https://www.tradingview.com/news/te_news:426978:0-us-futures-rise-ahead-pce-data/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426978:0-us-futures-rise-ahead-pce-data/ | EN | US futures climbed on Friday, with S&P 500 contracts up 0.5%, Nasdaq 100 up 0.8%, and Dow Jones futures rising by around 75 points, as investors prepared for the latest PCE report, which is the Federal Reserve’s preferred inflation gauge.The market is looking for confirmation that prices are on a d… | US futures climbed on Friday, with S&P 500 contracts up 0.5%, Nasdaq 100 up 0.8%, and Dow Jones futures rising by around 75 points, as investors prepared for the latest PCE report, which is the Federal Reserve’s preferred inflation gauge.
The market is looking for confirmation that prices are on a downward trend so the Fed can start cutting interest rates in September.
Markets fully expect a rate cut at the Fed’s September 18 meeting, with a 67% chance of a 25 bps cut and a 33% chance of a 50 bps cut.
In premarket trading, Nvidia rose slightly after a 6% drop the previous day, while Marvell Technology and Dell Technologies gained following strong earnings reports.
Alibaba’s shares rose 4% after completing a three-year regulatory compliance process.
For August, the S&P 500 is up 1.3%, the Dow 1.2%, and the Nasdaq is down 0.5%.
This week, the S&P 500 and Nasdaq are on track for losses of 0.8% and 2%, respectively, while the Dow is set for its third consecutive positive week, up 0.4%.
| indices | null | null | null |
fisco:6f4baa6b18457:0 | NI225 | 2024年8月30日公表の日経225先物証拠金 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T11:02:34+00:00 | https://ja.tradingview.com/news/fisco:6f4baa6b18457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:6f4baa6b18457:0/ | JA | 2024年8月30日公表の24年9月限日経225先物証拠金はショートが3,109,170、ロングが3,445,432円となった。 | 2024年8月30日公表の24年9月限日経225先物証拠金はショートが3,109,170、ロングが3,445,432円となった。
| indices | null | null | null |
fisco:473dd607c8457:0 | USDJPY | 欧州為替：ドル・円はじり高、ユーロは戻りが鈍い | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T11:01:11+00:00 | https://ja.tradingview.com/news/fisco:473dd607c8457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:473dd607c8457:0/ | JA | 欧州市場でドル・円はじり高となり、145円30銭付近に値を上げた。欧米株価指数の堅調地合いで、クロス円も底堅い。一方、ユーロ・ドルは弱含む展開。ユーロ圏の消費者物価指数は下振れ予想と一致し、追加利下げをにらんだユーロ売りに振れやすい。ここまでの取引レンジは、ドル・円は144円84銭から145円25銭、ユーロ・円は160円55銭から160円95銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | 欧州市場でドル・円はじり高となり、145円30銭付近に値を上げた。欧米株価指数の堅調地合いで、クロス円も底堅い。一方、ユーロ・ドルは弱含む展開。ユーロ圏の消費者物価指数は下振れ予想と一致し、追加利下げをにらんだユーロ売りに振れやすい。
ここまでの取引レンジは、ドル・円は144円84銭から145円25銭、ユーロ・円は160円55銭から160円95銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
fisco:cf33dccca8457:0 | USDJPY | ドル・円はじり高、ユーロは戻りが鈍い | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T11:00:36+00:00 | https://ja.tradingview.com/news/fisco:cf33dccca8457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:cf33dccca8457:0/ | JA | [欧米市場の為替相場動向]欧州市場でドル・円はじり高となり、145円30銭付近に値を上げた。欧米株価指数の堅調地合いで、クロス円も底堅い。一方、ユーロ・ドルは弱含む展開。ユーロ圏の消費者物価指数は下振れ予想と一致し、追加利下げをにらんだユーロ売りに振れやすい。ここまでの取引レンジは、ドル・円は144円84銭から145円25銭、ユーロ・円は160円55銭から160円95銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | [欧米市場の為替相場動向]
欧州市場でドル・円はじり高となり、145円30銭付近に値を上げた。欧米株価指数の堅調地合いで、クロス円も底堅い。一方、ユーロ・ドルは弱含む展開。ユーロ圏の消費者物価指数は下振れ予想と一致し、追加利下げをにらんだユーロ売りに振れやすい。
ここまでの取引レンジは、ドル・円は144円84銭から145円25銭、ユーロ・円は160円55銭から160円95銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
benzinga:eefadc8c2094b:0 | QQQ | Wall Street Poised For Strong Start As Inflation Data Looms: Strategist Says Brace For Volatile Fall As Soft Landing Not Guaranteed Outcome | benzinga | https://benzinga.com/ | 2024-08-30T10:45:09+00:00 | https://www.tradingview.com/news/benzinga:eefadc8c2094b:0-wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall-as-soft-landing-not-guaranteed-outcome/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:ADSK', 'base_logoid': 'autodesk'}, {'symbol': 'NASDAQ:LULU', 'base_logoid': 'lululemon-athletica'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:MDB', 'base_logoid': 'mongodb'}, {'symbol': 'NYSE:ESTC', 'base_logoid': 'elastic-n-v'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}, {'symbol': 'NYSE:JKS', 'base_logoid': 'jinkosolar'}] | /news/benzinga:eefadc8c2094b:0-wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall-as-soft-landing-not-guaranteed-outcome/ | EN | After Thursday’s mixed close, stocks appear to be headed for a positive start, although Monday’s Labor Day holiday will likely keep volume anemic. The index futures were solidly higher early Friday and sustenance of the sentiment hinges largely on an inflation readout due ahead of the market open… | After Thursday’s mixed close, stocks appear to be headed for a positive start, although Monday’s Labor Day holiday will likely keep volume anemic. The index futures were solidly higher early Friday and due ahead of the market open. The futures market has priced in a 100% probability of a rate cut and the only uncertainty there is the magnitude of the reduction. If Friday’s inflation does nothing to force a reassessment, the market could launch into a strong rally. A rebound by tech stocks could also provide a thrust to the market.
FuturesPerformance (+/-)Nasdaq 100+0.68%S&P 500+0.39%Dow+0.17%R2K+0.34%In premarket trading on Friday, the SPDR S&P 500 ETF Trust AMEX:SPY rose 0.46% to $560.91, and the Invesco QQQ ETF NASDAQ:QQQ jumped 0.72% to $474.03, according to Benzinga Pro data.
Cues From Last Session
Wall Street showed resilience on Thursday as the market weathered the negative reaction to artificial intelligence stalwart Nvidia Corp.’s NASDAQ:NVDA earnings. despite the company reporting a second-quarter beat and issuing above-consensus third-quarter guidance.
An upward revision to second-quarter GDP growth gave the market an early thrust, with a slew of other positive earnings adding further momentum. Commenting on the GDP report, Comerica Chief Economist Bill Adams said, “The GDP revisions show the U.S. economy was in good shape in mid-2024.”
“Solid growth of consumer spending propelled the economy forward in the second quarter, and the increase of consumer confidence in July suggests it will propel growth in the second half of the year as well,” he added.
The tech-heavy Nasdaq Composite and the S&P 500 Index hovered well above the flat line for much of the session before pulling back sharply in late trading. The former ended modestly lower, and the latter was little changed with a slight negative bias, at the close.
The Dow Jones Industrial Average started higher but dipped below the unchanged line briefly in early trading. After recovering from the low, the index was in the green for the remainder of the session, hitting a new intraday high and also closing at a fresh record.
Among the sectors, energy, industrials, financials, material, and utility stocks gained ground, while IT stocks were the worst hit.
IndexPerformance (+/)ValueNasdaq Composite-0.23%17,516.43S&P 500 Index-0.00%5,591.96Dow Industrials+0.59%41,335.05Russell 2000+0.66%2,202.98Insights From Analysts
As investors prepare for the first rate cut in over four years, a technical analyst said it may not be smooth sailing for the market in the near term. LPL Financial’s Chief Technical Strategist Adam Turnquist said Friday’s inflation report and next week's jobs data could dictate the size of the September cut. Another weak employment report would likely push probabilities toward a 0.50% reduction, he said.
“We believe a soft landing is still viable but not guaranteed, setting stocks up for a potential volatile fall, likely exacerbated by the November election,” Turnquist said. He noted that stocks have historically traded flat to negative in the first few months after a rate-cutting cycle begins but tend to move higher over the following 12 months, with the drawdowns during these 12 months tending to be more severe.
Upcoming Economic Data
The Bureau of Economic Analysis will release the July personal income and spending report at 8:30 a.m. EDT. The personal consumption expenditure reading of the report is expected to show a 2.5% year-over-year increase, unchanged from June. The annual rate of the core personal consumption expenditure – the Fed’s key inflation gauge, is expected to edge up from 2.6% to 2.7%. The headline numbers of the report, namely personal income and spending, may have seen month-over-month increases of 0.2% and 0.5%, respectively, compared to the June rates of 0.2% and 0.3%.The ISM-Chicago will release the results of its regional manufacturing activity survey at 9:45 a.m. EDT, with economists, on average, expecting the Chicago business barometer to come in at 45.6 in August, almost unchanged from July’s 45.3.The University of Michigan is due to announce the results its final consumer sentiment index for August at 10 a.m. EDT. Economists, on average, expect the index to upwardly revised from the mid-month reading of 67.8 to 68, marking an increase from July’s 66.4. Traders may also focus on the survey’s one- and five-year inflation expectations readings. See Also:
Stocks In Focus
Dell Technologies Inc. NYSE:DELL climbed over 6% in premarket trading following the computer and peripheral maker’s earnings release.Other stocks moving on earnings include Autodesk, Inc. NASDAQ:ADSK (up over 3%), Lululemon Athletica Inc. NASDAQ:LULU (up nearly 4.5%), Marvell Technology, Inc. NASDAQ:MRVL (up nearly 9%), MongoDB, Inc. NASDAQ:MDB (up over 15%). Elastic N.V. NYSE:ESTC (down over 27%) and Ulta Beauty, Inc. NASDAQ:ULTA (down nearly 6.50%).JinkoSolar Holding Co., Ltd. NYSE:JKS is scheduled to announce its quarterly results before the market opens.Commodities, Bonds And Global Equity Markets
Crude oil and gold futures were modestly lower and Bitcoin traded nearly flat under the $60K level. The yield on the 10-year Treasury note rose 1.1 basis points to 3.856%.
Asian stocks rallied across the board on Friday, encouraged by Wall Street’s resilience performance, and the European markets held up in early trading.
Read Next:
Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A YearPhoto courtesy: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
| funds | null | null | null |
tag:reuters.com,2024:newsml_L4N3KH0MY:0 | USDJPY | Futures rise, inflation data in spotlight as Fed's September meeting nears | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T10:29:01+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KH0MY:0-futures-rise-inflation-data-in-spotlight-as-fed-s-september-meeting-nears/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NASDAQ:LULU', 'base_logoid': 'lululemon-athletica'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}] | /news/reuters.com,2024:newsml_L4N3KH0MY:0-futures-rise-inflation-data-in-spotlight-as-fed-s-september-meeting-nears/ | EN | U.S. stock index futures traded higher on Friday as investors focused on a crucial inflation report that could influence expectations about the extent of the Federal Reserve's interest-rate cuts this year. Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a… | U.S. stock index futures traded higher on Friday as investors focused on a crucial inflation report that could influence expectations about the extent of the Federal Reserve's interest-rate cuts this year.
Global markets are nearing the end of a tumultuous month for riskier assets, after signs of a sudden moderation in the labor market sparked fears of a quicker-than-expected slowdown in the world's largest economy in early August. The influence of the Japanese yen FX_IDC:USDJPY carry trade worsened the rout.
Risk-taking has improved since then, with the Dow DJ:DJI at a record high and on track for monthly gains as subsequent data, including Thursday's upward revision to economic growth, soothed jumpy investors.
Focus now shifts to July's Personal Consumption Expenditure data, the Fed's preferred inflation gauge, due at 8:30 a.m. E.T. - the last PCE report before the central bank's highly anticipated September meeting.
Economists polled by Reuters forecast a marginal rise to 2.6% on an annual basis, from the previous month's 2.5%.
Following Chair Jerome Powell's support last week for imminent policy adjustment, optimism around an interest-rate cut in September remains strong. Odds of a 25-basis-point reduction are at 65.5%, while those for a 50-bps reduction are at 34.5%, according to the CME Group's FedWatch Tool.
At 05:47 a.m. ET, Dow E-minis CBOT_MINI:YM1! were up 65 points, or 0.16%, S&P 500 E-minis CME_MINI:ES1! were up 21.25 points, or 0.38%, Nasdaq 100 E-minis CME_MINI:NQ1! were up 126.5 points, or 0.65%.
The tech-focused Nasdaq TVC:IXIC and the S&P 500 SP:SPX closed lower in the previous session after Nvidia NASDAQ:NVDA failed to match investors' lofty expectations despite upbeat results and a broadly in-line forecast. The AI-chip bellwether was up 1.7% in premarket trading after a 6.4% drop in the previous session.
The benchmark S&P 500 is close to an all-time high, poised for a monthly gain of 1.2%, while the Nasdaq is down 0.47% in August.
Rate-sensitive megacaps such as Alphabet NASDAQ:GOOG and Microsoft NASDAQ:MSFT added 0.6% and 0.8%, respectively, while Tesla NASDAQ:TSLA rose more than 1.4%, supported by a dip in Treasury yields.
Among others, Marvell Technology NASDAQ:MRVL forecast third-quarter results above Street estimates, sending the chipmaker's shares up 9.2%.
Dell Technologies NYSE:DELL advanced 6% after lifting its annual revenue and profit forecasts, buoyed by demand for its AI-optimized servers.
Lululemon Athletica NASDAQ:LULU gained 4.4% after posting a beat on second-quarter profit, while Ulta Beauty NASDAQ:ULTA slid 6.2% after it trimmed its annual results forecasts due to slowing demand.
Investors will also parse the University of Michigan's final reading on consumer sentiment for the month of August later in the day.
Trading volumes are expected to thin ahead of the extended weekend due to the Labor Day holiday.
| forex | null | null | null |
fisco:f6c0d9fa68457:0 | USDJPY | 欧州為替：ドル・円は高値圏、欧米株価指数は堅調 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T10:10:36+00:00 | https://ja.tradingview.com/news/fisco:f6c0d9fa68457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:f6c0d9fa68457:0/ | JA | 欧州市場でドル・円は144円84銭まで下げる場面もあったが、足元は145円10銭台と、高値圏に戻している。米10年債利回りの下げ渋りでドルは売りづらく、主要通貨は対ドルで伸び悩む展開。一方、欧米株価指数は堅調を維持し、円売りは継続する。ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | 欧州市場でドル・円は144円84銭まで下げる場面もあったが、足元は145円10銭台と、高値圏に戻している。米10年債利回りの下げ渋りでドルは売りづらく、主要通貨は対ドルで伸び悩む展開。一方、欧米株価指数は堅調を維持し、円売りは継続する。
ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
fisco:ece6d08648457:0 | USDJPY | ドル・円は高値圏、欧米株価指数は堅調 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T10:09:51+00:00 | https://ja.tradingview.com/news/fisco:ece6d08648457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:ece6d08648457:0/ | JA | [欧米市場の為替相場動向]欧州市場でドル・円は144円84銭まで下げる場面もあったが、足元は145円10銭台と、高値圏に戻している。米10年債利回りの下げ渋りでドルは売りづらく、主要通貨は対ドルで伸び悩む展開。一方、欧米株価指数は堅調を維持し、円売りは継続する。ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | [欧米市場の為替相場動向]
欧州市場でドル・円は144円84銭まで下げる場面もあったが、足元は145円10銭台と、高値圏に戻している。米10年債利回りの下げ渋りでドルは売りづらく、主要通貨は対ドルで伸び悩む展開。一方、欧米株価指数は堅調を維持し、円売りは継続する。
ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
barchart:3ada7c030094b:0 | SPX | S&P Futures Climb on Fed Rate Cut Hopes, U.S. Inflation Data in Focus | barchart | https://www.barchart.com/ | 2024-08-30T09:48:39+00:00 | https://www.tradingview.com/news/barchart:3ada7c030094b:0-s-p-futures-climb-on-fed-rate-cut-hopes-u-s-inflation-data-in-focus/ | null | [{'symbol': 'NYSE:BBY', 'base_logoid': 'best-buy'}, {'symbol': 'NASDAQ:CRWD', 'base_logoid': 'crowdstrike'}, {'symbol': 'NASDAQ:AFRM', 'base_logoid': 'affirm'}, {'symbol': 'NYSE:DG', 'base_logoid': 'dollar-general'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MDB', 'base_logoid': 'mongodb'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}] | /news/barchart:3ada7c030094b:0-s-p-futures-climb-on-fed-rate-cut-hopes-u-s-inflation-data-in-focus/ | EN | September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.In yesterday’s trading session, Wall Street… | September S&P 500 E-Mini futures () are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.
In yesterday’s trading session, Wall Street’s major indexes closed mixed, with the blue-chip Dow posting a new record high. Best Buy NYSE:BBY surged over +14% and was the top percentage gainer on the S&P 500 after the consumer electronics retailer posted upbeat Q2 results and lifted its full-year adjusted EPS guidance. Also, Crowdstrike Holdings NASDAQ:CRWD gained nearly +3% after the cybersecurity company reported better-than-expected Q2 revenue. In addition, Affirm Holdings NASDAQ:AFRM soared over +31% after reporting stronger-than-expected Q4 results and providing above-consensus Q1 revenue guidance. On the bearish side, Dollar General NYSE:DG plummeted more than -32% and was the top percentage loser on the S&P 500 after the discount retailer posted downbeat Q2 results and cut its FY24 same-store sales growth guidance. Also, Nvidia NASDAQ:NVDA slumped more than -6% after the chipmaker’s Q3 revenue forecast fell short of the highest expectations.
The U.S. Department of Commerce’s second estimate of Q2 GDP growth was revised higher to +3.0% (q/q annualized) from the initial estimate of +2.8% due to an upward revision of consumer spending. Also, the Q2 core PCE price index was revised lower to +2.80% (q/q annualized) from +2.90%. In addition, U.S. pending home sales unexpectedly fell -5.5% m/m in July, weaker than expectations of +0.2% m/m. Finally, the number of Americans filing for initial jobless claims in the past week fell -2K to 231K, compared with 232K expected.
“The message of [Thursday’s] data is ‘steady as she goes’,” said Chris Larkin at E*Trade from Morgan Stanley. “Weekly jobless claims were slightly lower than last week and GDP was revised slightly higher. The economy doesn’t appear to be falling off a cliff, and in the current market, good news is good. There was nothing here to make the Fed rethink its plan to cut rates next month.”
Meanwhile, U.S. rate futures have priced in a 67.5% chance of a 25 basis point rate cut and a 32.5% chance of a 50 basis point rate cut at the next central bank meeting in September.
Today, all eyes are focused on the U.S. core personal consumption expenditures price index, the Fed’s preferred price gauge, set to be released in a couple of hours. Economists, on average, forecast that the core PCE price index will stand at +0.2% m/m and +2.7% y/y in July, compared to the previous figures of +0.2% m/m and +2.6% y/y.
Also, investors will focus on the U.S. Chicago PMI, which arrived at 45.3 in July. Economists foresee the August figure to be 45.0.
U.S. Personal Spending and Personal Income data will also be closely monitored today. Economists forecast July Personal Spending to be at +0.5% m/m and July Personal Income to come in at +0.2% m/m, compared to the June numbers of +0.3% m/m and +0.2% m/m, respectively.
The U.S. Michigan Consumer Sentiment Index will be reported today as well. Economists estimate this figure to arrive at 67.8 in August, compared to 66.4 in July.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 3.853%, down -0.24%.
The Euro Stoxx 50 futures are up +0.34% this morning, set for a four-week winning streak, buoyed by the prospect of lower interest rates as inflation in the region continued to ease. Real estate and mining stocks led the gains on Friday, while technology stocks retreated. A preliminary estimate from Eurostat released on Friday showed that the Eurozone’s annual inflation rate dropped sharply in August to its lowest level since mid-2021, paving the way for the European Central Bank to lower its key interest rate for the second time this year next month. Meanwhile, European Central Bank board member Isabel Schnabel stated on Friday that Eurozone inflation is declining as anticipated, reducing the risk that further rate cuts would disrupt disinflation, yet she warned that risks to the outlook still persist. In corporate news, Spie () gained over +4% after JPMorgan resumed coverage of the French multi-technical service provider with an Overweight rating.
France’s CPI (preliminary), France’s GDP, Germany’s Unemployment Rate, Germany’s Unemployment Change, Italy’s CPI (preliminary), Eurozone’s CPI (preliminary), Eurozone’s Core CPI (preliminary) and Eurozone’s Unemployment Rate were released today.
The French August CPI came in at +0.6% m/m and +1.9% y/y, stronger than expectations of +0.5% m/m and +1.8% y/y.
The French GDP arrived at +0.2% q/q and +1.0% y/y in the second quarter, weaker than expectations of +0.3% q/q and +1.1% y/y.
The German August Unemployment Rate was at 6.0%, in line with expectations.
The German August Unemployment Change stood at 2K, stronger than expectations of 17K.
The Italian August CPI came in at +0.2% m/m and +1.1% y/y, weaker than expectations of +0.3% m/m and +1.2% y/y.
Eurozone August CPI has been reported at +2.2% y/y, in line with expectations.
Eurozone August Core CPI arrived at +2.8% y/y, in line with expectations.
Eurozone July Unemployment Rate was at 6.4%, stronger than expectations of 6.5%.
Asian stock markets today settled in the green. China’s Shanghai Composite Index (SHCOMP) closed up +0.68%, and Japan’s Nikkei 225 Stock Index (NIK) closed up +0.74%.
China’s Shanghai Composite Index closed higher today, recovering from a multi-month low as news of heavy purchasing by a sovereign fund boosted market sentiment. However, the index recorded its fourth consecutive monthly decline in August. Property stocks led the gains on Friday. The offshore yuan strengthened against the dollar on Friday, advancing for the second consecutive session to its highest level since June 2023, primarily fueled by strong corporate demand for the Chinese currency. Meanwhile, state-backed Central Huijin Investment increased its ownership in several blue-chip exchange-traded funds, according to the funds’ mid-year report published on Friday. For instance, Huijin Investment tripled its stake in the E Fund CSI300 Index ETF to 67% in the first half of the year and increased its holdings in the ChinaAMC China50 ETF by 70%. In other news, Bloomberg reported on Friday that China is contemplating permitting homeowners to refinance up to $5.4 trillion in mortgages to reduce borrowing costs for millions of families and stimulate consumption. In corporate news, Kaifa Technology surged about +10% after posting a 21% increase in first-half profit to 360.3 million yuan. At the same time, Bank of China Ltd. fell more than -2% after reporting a drop in first-half net income and commissions. Investors are now awaiting the release of official Chinese PMI figures for August, scheduled for Saturday, to gain further insights into the state of the world’s second-largest economy.
Japan’s Nikkei 225 Stock Index closed higher today, likely due to month-end position adjustments on the last trading day of August. The benchmark index closed lower for the second month in a row but recorded its third consecutive weekly gain. Industrial and utility stocks led the gains on Friday. Data from the Japan Statistics Bureau revealed on Friday that core inflation in Tokyo accelerated for the fourth consecutive month in August, sparking speculation that the Bank of Japan may soon hike interest rates again. Separate government data showed that industrial production experienced a sharp recovery in July, marking the third increase in industrial output year-to-date. At the same time, data showed that Japan’s retail sales growth slowed in July, while the unemployment rate unexpectedly ticked up. Meanwhile, BOJ Governor Kazuo Ueda and other senior officials have recently stated that the bank will contemplate further rate hikes, provided that data affirm the economy and inflation are advancing according to its forecasts. In corporate news, Terumo fell nearly -3% following news that shareholders of the medical equipment manufacturer intend to sell shares worth 73.2 billion yen ($505.56 million) to overseas investors. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -6.08% to 21.32.
The Japanese August Tokyo Core CPI has been reported at +2.4% y/y, stronger than expectations of +2.2% y/y.
The Japanese July Industrial Production arrived at +2.8% m/m, weaker than expectations of +3.6% m/m.
The Japanese July Retail Sales came in at +2.6% y/y, weaker than expectations of +2.8% y/y.
The Japanese July Unemployment Rate was at 2.7%, weaker than expectations of 2.5%.
Pre-Market U.S. Stock Movers
MongoDB NASDAQ:MDB surged about +14% in pre-market trading after the company reported better-than-expected Q2 results and lifted its FY25 guidance.
Marvell Technology NASDAQ:MRVL gained more than +8% in pre-market trading after the semiconductor infrastructure company reported stronger-than-expected Q2 results and offered solid Q3 guidance.
Dell Technologies NYSE:DELL climbed over +6% in pre-market trading after the IT giant posted upbeat Q2 results and raised its full-year guidance.
Today’s U.S. Earnings Spotlight: Friday - August 30th
Frontline (FRO), Miniso (MNSO), JinkoSolar (JKS), Up Fintech (TIGR).
On the date of publication, did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
| indices | null | null | null |
newsbtc:a8377b886094b:0 | BTCUSDT | Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth | newsbtc | https://www.newsbtc.com | 2024-08-30T09:30:14+00:00 | https://www.tradingview.com/news/newsbtc:a8377b886094b:0-crypto-liquidation-data-rigged-by-exchanges-researcher-unveils-the-truth/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/newsbtc:a8377b886094b:0-crypto-liquidation-data-rigged-by-exchanges-researcher-unveils-the-truth/ | EN | Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data repor… | Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly distorts the true scale of market liquidations.
Why Crypto Liquidation Data Is Bogus
The core of Lunde’s argument revolves around changes implemented by these exchanges around mid-2021. For example, both Binance and Bybit adjusted their liquidation WebSocket API to report only one liquidation per second, ostensibly to “provide a ‘fair trading environment’” and “optimize user data stream,” respectively. Similarly, OKX has implemented a cap, restricting the reporting to one order per second per contract.
Lunde explains that this modification in the data stream profoundly impacts the market’s transparency, leading to a scenario where liquidation data, a critical metric used to assess market health and trader behavior, is “wildly underreported.” According to Lunde, this has been the case for the past three years, which has implications not only for traders but also for the broader financial analysis of the crypto market.
Historically, liquidation data has served as a barometer for the market’s leverage levels and has been instrumental in understanding how traders react to sudden price movements and volatility. Accurate liquidation data helps in gauging the market’s risk appetite and in assessing whether a market downturn has effectively purged excessive speculative leverage positions. With this data now being underreported, Lunde suggests that traders and analysts are flying blind.
Lunde speculates on the motives behind these changes, suggesting that they may be driven by a desire to control the narrative around market stability and trader success. He points out that during the first half of 2021, high-profile liquidations were frequent fodder for media and social media discourse, often painting a picture of high risk and volatility in the crypto markets. By limiting the visibility of such events, exchanges might be trying to cultivate a more stable and trader-friendly image to attract and retain users.
“I am guessing it’s a PR choice. In H1 2021, liquidation gore was Twitter, media, and everyone’s bread and butter. Constantly figuring at the top of liquidation leaderboards is not aligning with a strategy of attracting as many as possible to trade as much volume as possible,” Lunde remarks.
Further complicating matters, Lunde hints at the possibility that exchanges might be withholding liquidation data to maintain a competitive edge. “Some exchanges even have interests in investment firms that may trade on information that the rest of the market does not have,” the researcher speculates.
Despite these significant challenges in accessing reliable data, Lunde discusses alternative methods to estimate current liquidation volumes, such as analyzing shifts in open interest or leveraging historical data to extrapolate current trends. However, he acknowledges that these methods have their shortcomings. They often fail to accurately reflect the changes in market participant behavior over the years or might overemphasize unusual market events that are not indicative of broader trends.
Concluding his post, Lunde expresses a deep skepticism about the utility of the currently available liquidation data. He calls for a return to the levels of transparency seen in the past, though he pessimistically notes that such a change is unlikely given current trends.
“For now, liquidation data is mostly erroneous entertainment and not actionable. I’d welcome a return to past transparency, but I guess we’ve already crossed the Rubicon,” Lunde concludes.
At press time, BTC traded at $59,540.
| crypto | null | null | null |
fisco:5ed3a17088457:0 | USDJPY | 欧州為替：ドル・円は145円台、欧州株高で | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T09:20:45+00:00 | https://ja.tradingview.com/news/fisco:5ed3a17088457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:5ed3a17088457:0/ | JA | 欧州市場でドル・円は夕方に付けた高値を上抜け、一時145円15銭まで値を上げた。その後も145円台を維持。欧州株式市場で主要指数は堅調地合いとなり、株高を好感した円売りに振れやすい。また、米株式先物も強含み、円売りの支援材料に。ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | 欧州市場でドル・円は夕方に付けた高値を上抜け、一時145円15銭まで値を上げた。その後も145円台を維持。欧州株式市場で主要指数は堅調地合いとなり、株高を好感した円売りに振れやすい。また、米株式先物も強含み、円売りの支援材料に。
ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH06Y:0 | USDJPY | Dollar set to snap 5-week losing run while yuan rallies | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T09:20:11+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH06Y:0-dollar-set-to-snap-5-week-losing-run-while-yuan-rallies/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'TVC:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX_IDC:USDCNY', 'logoid': 'country/CN', 'base_logoid': 'country/US'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}, {'symbol': 'FX:EURJPY', 'logoid': 'country/JP', 'base_logoid': 'country/EU'}, {'symbol': 'FX_IDC:USDCAD', 'logoid': 'country/CA', 'base_logoid': 'country/US'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/reuters.com,2024:newsml_L1N3KH06Y:0-dollar-set-to-snap-5-week-losing-run-while-yuan-rallies/ | EN | The dollar held steady near a one-week high versus major peers on Friday, on track to snap a five-week losing streak after robust economic data caused investors to pare bets on aggressive Federal Reserve interest rate cuts. The Chinese yuan rose to its strongest since June 2023, while the euro w… | The dollar held steady near a one-week high versus major peers on Friday, on track to snap a five-week losing streak after robust economic data caused investors to pare bets on aggressive Federal Reserve interest rate cuts.
The Chinese yuan rose to its strongest since June 2023, while the euro was little changed as inflation data confirmed the message of national readings on Thursday that euro zone price pressures are quickly easing.
The U.S. dollar index TVC:DXY - which measures the currency against a basket of six major peers - was flat at 101.40, after rising 0.36% on Thursday and touching the highest since Aug. 22 at 101.58.
Overnight, U.S. data showed gross domestic product (GDP) grew at a 3.0% annualised rate in the second quarter, an upward revision from the 2.8% rate reported last month.
"That's been the market mover from the price action overnight, particularly when you look at currencies and U.S. Treasury yields," said Rodrigo Catril, senior FX strategist at National Australia Bank, referring to the GDP reading.
"The takeaway there - the highlight - is that the consumer was stronger than had previously been thought," he added.
The dollar is on course for a 0.7% gain this week, which would be its best week since the start of April. Over August though, it is set for a drop of about 2.5% on the back of cooling inflation and a slowing labour market.
Traders see a September rate cut as a done deal but, after the data, laid only 34% odds of a 50-basis point cut, down from 38% a day earlier, according to the CME Group's FedWatch Tool.
Investors were waiting for the release of core personal consumption expenditures price index, the Fed's preferred inflation gauge, at 1230 GMT (8:30 a.m. ET).
China's yuan firmed to a 14-month high on Friday, heading for its biggest monthly jump since November, amid growing corporate demand for the Chinese currency as expectations heighten for U.S. rate cuts.
Spot yuan FX_IDC:USDCNY strengthened as far as 7.0825 per dollar before last changing hands at 7.0913, on track for a rise of around 2% for August.
"In the short term, we cannot rule out the possibility of a 'stampede' for currency conversion" that could boost the yuan above 7.0 per dollar, China International Capital Corp (CICC) said in a note.
The euro FX:EURUSD was flat at $1.1075 after data showed euro zone inflation slowed to 2.2% year-on-year in August, down from 2.6% in July, leaving the European Central Bank on track to lower interest rates again next month.
The single currency fell to a more than one-week low on Thursday and ended down 0.4% after German inflation cooled more than expected, bolstering investors' expectations of ECB cuts.
Sterling FX:GBPUSD rose 0.1% to $1.318 after dipping to $1.3146 overnight, a one-week low, as the dollar climbed.
The yen held near the closely watched 145-per-dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yields.
The Japanese currency largely ignored data on Friday showing core consumer prices in Tokyo climbing at a faster-than-expected 2.4% in August.
The Aussie FX:AUDUSD rose slightly to $0.6805 after hitting the highest since Jan. 2 at $0.6824 a day earlier, as it continued to draw support from hotter-than-expected consumer price figures this week. The currency shrugged off an unexpected stagnation in retail sales data on Friday.
| forex | null | null | null |
fisco:6d72a22d08457:0 | USDJPY | ドル・円は145円台、欧州株高で | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T09:20:10+00:00 | https://ja.tradingview.com/news/fisco:6d72a22d08457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:6d72a22d08457:0/ | JA | [欧米市場の為替相場動向]欧州市場でドル・円は夕方に付けた高値を上抜け、一時145円15銭まで値を上げた。その後も145円台を維持。欧州株式市場で主要指数は堅調地合いとなり、株高を好感した円売りに振れやすい。また、米株式先物も強含み、円売りの支援材料に。ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。 | [欧米市場の為替相場動向]
欧州市場でドル・円は夕方に付けた高値を上抜け、一時145円15銭まで値を上げた。その後も145円台を維持。欧州株式市場で主要指数は堅調地合いとなり、株高を好感した円売りに振れやすい。また、米株式先物も強含み、円売りの支援材料に。
ここまでの取引レンジは、ドル・円は144円84銭から145円15銭、ユーロ・円は160円55銭から160円88銭、ユーロ・ドルは1.1073ドルから1.1094ドル。
| forex | null | null | null |
fisco:e4117ae3c8457:0 | NI225 | 日経平均テクニカル:反発、25日線が上向き転換 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T09:15:00+00:00 | https://ja.tradingview.com/news/fisco:e4117ae3c8457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:e4117ae3c8457:0/ | JA | 30日の日経平均は反発した。節目の38000円を下回る場面はなく、終値とザラ場高値はともに8月5日ボトムとする暴落後の高値を付けて8月相場を終えた。日足ローソク足は4本連続陽線を描いて強い買い意欲を窺わせた。株価下方では、下降を続けてきた25日移動平均線が上向きに転換。一目均衡表では遅行線が強気シグナル発生を開始し、地合い改善を示唆した。週足ローソク足が3本連続陽線で高値、安値、終値をそろって切り上げて赤三兵を示現したこともあり、来週の株価上昇が期待される。 | 30日の日経平均は反発した。節目の38000円を下回る場面はなく、終値とザラ場高値はともに8月5日ボトムとする暴落後の高値を付けて8月相場を終えた。日足ローソク足は4本連続陽線を描いて強い買い意欲を窺わせた。株価下方では、下降を続けてきた25日移動平均線が上向きに転換。一目均衡表では遅行線が強気シグナル発生を開始し、地合い改善を示唆した。週足ローソク足が3本連続陽線で高値、安値、終値をそろって切り上げて赤三兵を示現したこともあり、来週の株価上昇が期待される。
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KH089:0 | USDJPY | COMMENT-USD/JPY the tinder box, US payrolls the spark | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T09:09:10+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH089:0-comment-usd-jpy-the-tinder-box-us-payrolls-the-spark/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}] | /news/reuters.com,2024:newsml_L1N3KH089:0-comment-usd-jpy-the-tinder-box-us-payrolls-the-spark/ | EN | Monetary policy differentials and carry trade unwinding have fuelled nervousness in the USD/JPY market and, with possibly the most important U.S. data release of the year due next week, a marked increase in volatility is likely. A degree of calm descended over USD/JPY this week but, if the optio… | Monetary policy differentials and carry trade unwinding have fuelled nervousness in the USD/JPY market and, with possibly the most important U.S. data release of the year due next week, a marked increase in volatility is likely.
A degree of calm descended over USD/JPY this week but, if the options market is correct, next week could be different. One-week yen volatility is trading at levels above 13.5%.
Next Friday's U.S. employment report could determine whether the Federal Reserve cuts rates by a widely expected 25-basis points or kick-starts its easing cycle with a half-point cut.
With U.S. jobless claims hovering close to the low point, analysts are leaning more towards a firm return for the payroll number. The ISM-PMI employment sub-components will offer some insight ahead of the employment report release.
However a weak payroll number should not be ruled out and, despite its implications for U.S. interest rates, a poor return might have only a limited impact on the dollar.
The interest rate differential between the U.S. and Japan, supporting the dollar, is not expected to drop below 2.5% in the next two years, and the BOJ is not expected to stop buying debt.
Once the payroll dust has settled, USD/JPY is likely to move higher and establish a foot hold above the 10-day moving average, currently at 145.10.
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urn:newsml:mtnewswires.com:20240830:G2408417:0 | NI225 | Tokyo's August Inflation Rate Challenges Bank of Japan | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T09:06:58+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408417:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408417:0/ | EN | Tokyo's headline consumer price index (CPI) rose 2.6% in August from a year earlier, still notching above the Bank of Japan's 2% annual target on the nation's CPI. However, Tokyo's core CPI, that strips out fresh food bills, rose 2.4% on year in August, and the core-core CPI, that additionally remo… | Tokyo's headline consumer price index (CPI) rose 2.6% in August from a year earlier, still notching above the Bank of Japan's 2% annual target on the nation's CPI.
However, Tokyo's core CPI, that strips out fresh food bills, rose 2.4% on year in August, and the core-core CPI, that additionally removes energy bills, rose 1.6% on-year in the same 12-month period, reported Statistics of Japan.
The August CPI of Tokyo, by far Japan's largest metropolis, is read for clues to the national August CPI release, due for release in September.
A mitigating factor in the Tokyo August CPI release was that some of increase in observed prices was due to the discontinuation of government subsidies on utility bills. Additionally, Japan rice prices were up 26.3% on year in August, which some observers attribute to one-time bad harvests, while rice output in the nation is controlled by government rules to prevent overproduction.
Neither the utility or rice price movements were influenced by Bank of Japan monetary policy.
In contrast to higher utility and rice bills, residential rents in August rose a modest 0.7% on year in Tokyo.
The higher headline rate of Tokyo inflation may pressure the Bank of Tokyo to tighten monetary policy, said ING Think. The "sharp rise in inflation should catch the eye of the Bank of Japan," said the arm of the Dutch investment house.
Inflation in Japan, like that of most Asian nations, bulged during and in the aftermath of the pandemic years. The core rate of inflation in Tokyo crested at 4.3% on year in January of 2023, before moderating into its current mid-2% range in much of 2024.
In recent policy sessions the Bank of Japan has modestly raised interest rates, and hinted at reductions in its large quantitive easing program, that is the buying of Japanese government bonds.
However, Japan's central bankers have also reiterated they are keen to see domestic wages rise, so as to boost consumption and sustain general economic expansion.
Japan's central bank now targets 0.25% on certain short-term rates, and about 1% on 10-year Japanese government bonds.
In response to the Bank of Japan recent tightening, the Japanese yen appreciated from near 162 to the US dollar in early July, to near 145 to the greenback in recent trading.
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cryptopotato:4b76e247e094b:0 | BTCUSDT | Bitcoin Price Stopped at $61K, FLOKI Dumps 19% Daily (Market Watch) | cryptopotato | https://cryptopotato.com | 2024-08-30T08:56:19+00:00 | https://www.tradingview.com/news/cryptopotato:4b76e247e094b:0-bitcoin-price-stopped-at-61k-floki-dumps-19-daily-market-watch/ | null | [{'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCGBP', 'logoid': 'country/GB', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cryptopotato:4b76e247e094b:0-bitcoin-price-stopped-at-61k-floki-dumps-19-daily-market-watch/ | EN | Bitcoin’s price headed toward a new local peak of just over $61,000 but was halted in its tracks and pushed south by over two grand.Most larger-cap alts are also in the red today, with SOL and TON dropping by more than 3%.BTC Back Below $60KLast Friday, US Fed Chair Jerome Powell said it was time f… | Bitcoin’s price headed toward a new local peak of just over $61,000 but was halted in its tracks and pushed south by over two grand.
Most larger-cap alts are also in the red today, with SOL and TON dropping by more than 3%.BTC Back Below $60K
Last Friday, US Fed Chair Jerome Powell said it was time for the central bank to follow the example set by its European, Canadian, and UK counterparts and to start lowering interest rates. That, combined with RFK’s withdrawal from the US presidential election race and his support for Trump, sent bitcoin flying from around $60,000 to just over $64,000 on Saturday.
After a relatively sluggish weekend, the cryptocurrency went on the offensive on Monday as well and tapped a 3-week peak of just over $65,100. However, it failed to continue its run and declined to $63,000 on Tuesday.
That’s when the bears really stepped up on the gas and pushed BTC south hard. In a matter of hours, the assetslumpedto $58,100 and later to a multi-week low of $57,900 (on Bitstamp).
Bitcoinregainedsome traction on Thursday and jumped to 61,200. Nevertheless, that rally was short-lived as well and BTC dropped badk down to $58,800. Despite recovering some ground now, it is still well below $60,000. Its market cap struggles at under $1.175 trillion, while its dominance over the alts is up to 53.8% on CG.FLOKI Dumps Hard
Most larger-cap alts are in the red today. This includes a 1% decline for ETH, BNB, and AVAX, while XRP has dropped by 1.6%. Even more painful decreases are evident from SOL (-4%) and TON (-3%). In contrast, TRX, DOGE, and DOT have posted insignificant gains.
However, the biggest loser from the top 100 alts is FLOKI. The meme coin has dumped by almost 20% in the past day to $0.0001275.
The cumulative market cap of all crypto assets has shed about $20 billion since yesterday and is down to $2.180 trillion on CG.
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tag:reuters.com,2024:newsml_L1N3KH07P:0 | NI225 | China stocks jump as state fund buying lifts sentiment; HK hits 1-month high | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T08:52:37+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH07P:0-china-stocks-jump-as-state-fund-buying-lifts-sentiment-hk-hits-1-month-high/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'SSE:000001', 'base_logoid': 'indices/sse-composite'}, {'symbol': 'SZSE:399300', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SSE:510310', 'base_logoid': 'e-fund'}, {'symbol': 'SSE:510050', 'base_logoid': 'china-asset-mgt-co'}, {'symbol': 'SZSE:399914', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SSE:000912', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SSE:000952', 'base_logoid': 'sector/real-estate'}, {'symbol': 'SZSE:399913', 'base_logoid': 'sector/health-care'}, {'symbol': 'HSI:HSI', 'base_logoid': 'indices/hang-seng'}, {'symbol': 'HSI:HSCEI', 'base_logoid': 'indices/hang-seng-china-enterprises'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'HSI:HSTECH', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SZSE:399106', 'base_logoid': 'indices/szse-composite-index'}, {'symbol': 'FX:USDCNH', 'logoid': 'country/CN', 'base_logoid': 'country/US'}, {'symbol': 'SZSE:399006', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CURRENCYCOM:UK100', 'base_logoid': 'indices/uk-100'}] | /news/reuters.com,2024:newsml_L1N3KH07P:0-china-stocks-jump-as-state-fund-buying-lifts-sentiment-hk-hits-1-month-high/ | EN | China stocks ended the week on a bullish note on Friday, bolstered by data confirming heavy buying from sovereign fund Huijin, and expectations of fresh government support to the ailing property sector. Hong Kong shares rose to a one-month high. ** China's main Shanghai Composite index SSE:000001 c… | China stocks ended the week on a bullish note on Friday, bolstered by data confirming heavy buying from sovereign fund Huijin, and expectations of fresh government support to the ailing property sector. Hong Kong shares rose to a one-month high.
** China's main Shanghai Composite index SSE:000001 closed up 0.68%, while the blue-chip CSI300 index SZSE:399300 ended up 1.33%.
** Both indexes nevertheless registered their fourth month of declines.
** State-backed Central Huijin Investment boosted ownership in a handful of blue-chip exchange-traded funds (ETFs), according to the fund managers' mid-year reports.
** For example, Huijin Investment tripled its ownership in E Fund CSI300 Index ETF SSE:510310 to 67% in the first half, and boosted its holdings in ChinaAMC China50 ETF SSE:510050 by 70%.
** Sentiment was also lifted by a surge in property shares, after media reports that China is considering allowing its homeowners to refinance as much as $5.4 trillion in mortgages to reduce borrowing costs.
** China's blue-chip CSI300 index SZSE:399300 was up 1.33%, with its financial sector sub-index SZSE:399914 higher by 0.13%, the consumer staples sector SSE:000912 up 2.48%, the real estate index SSE:000952 up 5.32% and the healthcare sub-index SZSE:399913 up 1.6%.
** At the close of trade, the Hang Seng index HSI:HSI was up 202.75 points or 1.14% at 17,989.07. The Hang Seng China Enterprises index HSI:HSCEI rose 1.34% to 6,331.14.
** The sub-index of the Hang Seng tracking energy shares (.HSCIE) rose 0.7%, while the IT sector (.HSCIIT) rose 2.03%, the financial sector (.HSNF) ended 0.12% lower and the property sector rose 1.59%.
** Around the region, MSCI's Asia ex-Japan stock index (.MIAPJ0000PUS) was firmer by 0.62%, while Japan's Nikkei index TVC:NI225 closed up 0.74%.
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fisco:177f1b0a98457:0 | USDJPY | 欧米為替見通し:ドル・円は伸び悩みか、米インフレ鈍化は一服も雇用情勢を見極め | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T08:25:00+00:00 | https://ja.tradingview.com/news/fisco:177f1b0a98457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:177f1b0a98457:0/ | JA | 30日の欧米外為市場では、ドル・円は伸び悩む展開を予想する。米コアPCE価格指数が想定通り前回から上昇すれば、145円台回復の可能性があろう。ただ、来週の雇用関連指標を見極める展開で、ドル買いは小幅にとどまりそうだ。前日発表された米国の国内総生産（GDP）改定値は速報値から上方修正され、新規失業保険申請件数も強い弱い内容となった。それを受け金利高・ドル高に振れ、ユーロ・ドルは1.1070ドル台に失速し、ドル・円は145円を目指す展開となった。本日アジア市場で米10年債利回りは伸び悩んだが、米9月利下げ観測を背景としたドル売りは一服。ドルの利益確定売りが先行したものの、144円台後半で底堅く推… | 30日の欧米外為市場では、ドル・円は伸び悩む展開を予想する。米コアPCE価格指数が想定通り前回から上昇すれば、145円台回復の可能性があろう。ただ、来週の雇用関連指標を見極める展開で、ドル買いは小幅にとどまりそうだ。
前日発表された米国の国内総生産（GDP）改定値は速報値から上方修正され、新規失業保険申請件数も強い弱い内容となった。それを受け金利高・ドル高に振れ、ユーロ・ドルは1.1070ドル台に失速し、ドル・円は145円を目指す展開となった。本日アジア市場で米10年債利回りは伸び悩んだが、米9月利下げ観測を背景としたドル売りは一服。ドルの利益確定売りが先行したものの、144円台後半で底堅く推移した。
この後の海外市場は米インフレ指標が焦点。今晩のコアPCE価格指数が想定通り前回から小幅上昇なら連邦準備制度理事会（FRB)の9月利下げ観測はいったん収束し、ドルの買戻しが強まる可能性があろう。ただ、雇用情勢悪化への懸念は根強く、年内に緩和的な政策へ転じるとの見方からドルの一段の上昇は抑制されるだろう。一方、9月2日はレーバーデーでNY市場は休場となり、月末・四半期末のフローが警戒されている。
【今日の欧米市場の予定】
・17:30 英・7月住宅ローン承認件数（予想：6.05万件、6月：6.00万件）
・18:00 ユーロ圏・8月消費者物価指数速報値（前年比予想：+2.2％、7月：+2.6％）
・18:00 ユーロ圏・7月失業率（予想：6.5％、6月：6.5％）
・21:00 南ア・7月貿易収支（6月：+242億ランド）
・21:30 米・7月個人所得（前月比予想：+0.2％、6月：+0.2％）
・21:30 米・7月個人消費支出(PCE)（前月比予想：+0.5％、6月：+0.3％）
・21:30 米・7月コアPCE価格指数（前年比予想：+2.7％、6月：+2.6％）
・21:30 カナダ・4-6月期GDP（前期比年率予想：+1.9％、1-3月期：+1.7％）
・22:45 米・8月シカゴ購買部協会景気指数（予想：44.8、7月：45.3）
・23:00 米・8月ミシガン大学消費者信頼感指数確定値（予想：68.0、速報値：67.8）
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fisco:248af968c8457:0 | USDJPY | 東京為替：ドル・円は伸び悩み、145円台は売り | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T08:16:57+00:00 | https://ja.tradingview.com/news/fisco:248af968c8457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:248af968c8457:0/ | JA | 30日の東京市場でドル・円は伸び悩み。ドルの利益確定売りが先行し、朝方に145円付近から144円66銭まで値を下げる場面があった。午後はアジア株の強含みで円売りが強まり145円09銭まで値を上げたが、145円台の売りに押され失速した。・ユーロ・円は160円19銭から160円81銭まで上昇。・ユーロ・ドルは1.1069ドルから1.1085ドルまで値を上げた。・日経平均株価：始値38,388.04円、高値38,669.79円、安値38,316.87円、終値38,647.75円（前日比285.22円高）・17時時点：ドル円144円80-90銭、ユーロ・円160円60-70銭【要人発言】・シュナーベ… | 30日の東京市場でドル・円は伸び悩み。ドルの利益確定売りが先行し、朝方に145円付近から144円66銭まで値を下げる場面があった。午後はアジア株の強含みで円売りが強まり145円09銭まで値を上げたが、145円台の売りに押され失速した。
・ユーロ・円は160円19銭から160円81銭まで上昇。
・ユーロ・ドルは1.1069ドルから1.1085ドルまで値を上げた。
・日経平均株価：始値38,388.04円、高値38,669.79円、安値38,316.87円、終値38,647.75円（前日比285.22円高）
・17時時点：ドル円144円80-90銭、ユーロ・円160円60-70銭
【要人発言】
・シュナーベルECB専務理事
「25年末のインフレ2％達成に向け条件が整った」
「緩和ペースはデータ次第」
「ユーロ圏のインフレ率は依然として高い」
「政策は慎重に進められるべき」
【経済指標】
・日・8月東京都区部消費者物価指数(生鮮食品除く)：前年比+2.4％（予想：+2.2％、7月：+2.2％）
・日・7月有効求人倍率：1.24倍（予想：1.23倍、6月：1.23倍）
・日・7月失業率：2.7％（予想：2.5％、6月：2.5％）
・08:50 7月鉱工業生産速報値：前月比+2.8％（予想：+3.5％、6月：-4.2％）
・豪・7月小売売上高：前月比0.0％（予想：+0.3％、6月：+0.5％）
・独・8月失業率：6.0％（予想：6.0％、7月：6.0％）
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tag:reuters.com,2024:newsml_L1N3KH06K:0 | USDJPY | COMMENT-USD/JPY uptrend alive and well - should go further | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T07:38:04+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH06K:0-comment-usd-jpy-uptrend-alive-and-well-should-go-further/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/reuters.com,2024:newsml_L1N3KH06K:0-comment-usd-jpy-uptrend-alive-and-well-should-go-further/ | EN | The USD/JPY uptrend which has been strengthened by the correction from 161.75 in July to 141.68 in August should go further as it is supported by both techs and fundamentals.While the recent plunge has encouraged trades to sell short it is very small when compared to the rise that has resulted from… | The USD/JPY uptrend which has been strengthened by the correction from 161.75 in July to 141.68 in August should go further as it is supported by both techs and fundamentals.
While the recent plunge has encouraged trades to sell short it is very small when compared to the rise that has resulted from ultra-easy monetary policy in Japan. When viewed against the move up from 75.31 in 2011 after Japan's interest rate reached the zero bound in 2010, the drop is fairly insignificant, stopping 17 pips short of a 23.6% retracement of that massive rise.
The reaction from the low which reached 149.40 within 10 days is telling. It suggests much pent up demand which probably stems from the expectations of Japanese firms for USD/JPY to average 142-144 in the current financial year which ends next March.
Next March, Japan's central bank will still be buying lots of bonds while Japan's interest is eyed around 0.35%. The U.S. interest rate is eyed around 3.75% - if it is cut at each of the five meetings. The interest rate differential supporting dollar is not expected to drop below 2.5% in the next two years, and BOJ is not expected to stop buying debt.
This year's reverse which was influenced by FX intervention has stopped roughly 13 yen higher than the lows which followed similar intervention in 2022, and from this much higher base, the combined force of U.S. and Japanese monetary polices is set to support USD/JPY.
The vital difference now is that traders are short and many carry trades have been unwound. Freed of the burden of speculative positions, USD/JPY could rise further and faster than it did before and might reach the next long-term target at 181.
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fisco:e0e1b92688457:0 | USDJPY | 東京為替：ドル・円は伸び悩み、145円台の売りで | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T07:25:24+00:00 | https://ja.tradingview.com/news/fisco:e0e1b92688457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:e0e1b92688457:0/ | JA | 30日午後の東京市場でドル・円は朝方に付けた本日高値を上抜け、一時145円09銭まで上値を伸ばした。ただ、145円台で売りが強まり、144円80銭台に失速している。欧州株式市場は主要指数が高安まちまちとなり、アジア株高による円売りは縮小。ここまでの取引レンジは、ドル・円は144円66銭から145円09銭、ユーロ・円は160円19銭から160円81銭、ユーロ・ドルは1.1070ドルから1.1085ドル。 | 30日午後の東京市場でドル・円は朝方に付けた本日高値を上抜け、一時145円09銭まで上値を伸ばした。ただ、145円台で売りが強まり、144円80銭台に失速している。欧州株式市場は主要指数が高安まちまちとなり、アジア株高による円売りは縮小。
ここまでの取引レンジは、ドル・円は144円66銭から145円09銭、ユーロ・円は160円19銭から160円81銭、ユーロ・ドルは1.1070ドルから1.1085ドル。
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todayq:ebfc48679094b:0 | BTCUSDT | Reducing Rising Bitcoin Mining Cost Via Hashrate Contracts | todayq | https://news.todayq.com/ | 2024-08-30T07:16:35+00:00 | https://www.tradingview.com/news/todayq:ebfc48679094b:0-reducing-rising-bitcoin-mining-cost-via-hashrate-contracts/ | null | [{'symbol': 'BITMEX:XBTETH.P', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/todayq:ebfc48679094b:0-reducing-rising-bitcoin-mining-cost-via-hashrate-contracts/ | EN | Over time, as Bitcoin’s network expands, the costs of using electricity to mine the crypto coins have skyrocketed. This price rise is attributed to the hike in the cost of electricity, the need for better hardware, and the general difficulty in mining. While miner margins are under pressure, it has… | Over time, as Bitcoin’s network expands, the costs of using electricity to mine the crypto coins have skyrocketed. This price rise is attributed to the hike in the cost of electricity, the need for better hardware, and the general difficulty in mining. While miner margins are under pressure, it has become significant for miners to look for methods of cutting these costs with the help of hashrate contracts as the competition in the mining industry increases. Rising costs and its effects on the Bitcoin Mining
Therefore, Bitcoin mining is an exercise that entails using computation power to solve complex mathematical problems and endorse trades on the network.
This process is highly energy-consuming, and miners must use specific hardware called ASICs (Application-Specific Integrated Circuits) day and night.
Every four years, the bitcoin block’s reward halving occurs, which reduces the incentive for miners, thus making the whole process less profitable.
Today, one of the major problems that the miners face is, of course, the increased cost of electricity. Electricity prices have risen in some regions due to demand, regulation shifts, or geopolitics.
This change towards renewable energy, while positive in terms of the global impact, has an undesirable effect on miners because it usually translates to higher prices for energy, thus constricting the profit margin for miners.
Also, another challenge as a result of mining hardware is that these are among the most expensive technologies in the market.
This has made it challenging for miners, especially small and medium-scale miners, to make profits due to rampantly increasing electricity costs, decrementing block rewards, and expensive hardware costs.Hashrate Forward Contracts: An Innovative Solution
To tackle such challenges, players in the industry have started looking for innovative financial tools to assist miners in dealing with their expenses. One among such instruments is the hashrate forward contract. These contracts were brought into the Light by Loka Mining’s Chief Executive Officer Andy Fajar Handika, means miners are selling the hashrate in the future to secure the capital at present. It is going to help miners obtain the liquidity which they require for meeting the operational cost as well as for fund hardware procurements at without using Bitcoins.
In light of the existing market trends and the analysis of blockchain data, hashrate forward contracts may represent an effective tool for miners seeking for financing. The findings from the BSCScan report reveal that stable coins like BUSD can help in providing significant support to the market hence confirming the argument that miners require capital to have interaction with different forms of financial products.
Here are some of the aspects of risk management related to hashrate forward contracts: The position of hashrate forward contracts in the risk management process of mining companies is that it is really effective since it reduces risk associated with fluctuation in Bitcoin prices. Through fixing their future hashrate, the miners are also able to guarantee that they shall receive some amount of cryptocurrency, even if the market is low.
Secondly, the investor may have the right to either take over the physical assets that the miner utilizes, such as the hardware or take a percentage of the payment that the miner earns in future periods. This minimizes the risk for the investors unlike other instruments and thus make hashrate forward contracts suitable for those who wish to venture in the Bitcoin mining business.A Glimpse to the Future of Bitcoin Mining through Hashrate Contracts
To tackle such challenges, players in the industry have started looking for innovative financial tools to assist miners in dealing with their expenses.
One such instrument is the hashrate forward contract. It will help miners obtain the liquidity they require to meet the operational cost and fund hardware procurements without using Bitcoins.
In light of the existing market trends and the analysis of blockchain data, hashrate forward contracts are an effective tool for miners seeking financing.
The findings from the BSCScan report reveal that stablecoins like BUSD can help provide significant support to the market, confirming the argument that miners require capital to interact with different forms of financial products.
Moreover, new product development, such as hashrate forward contracts, can create more financial innovation in the Bitcoin mining industry.
We may also see new derivatives and special financial instruments as more miners and investors get to know these contracts.
This may increase the interest of more investors in the mining business, hence bringing in more capital for the expansion of the business.
Thus, the ongoing decision to use hashrate forward contracts is the solution to the growing costs of Bitcoin mining.
In giving miners capital to enable them access capital and a vehicle through which they can hedge prices, these contracts remain the best bets for the sustainability of the Bitcoin network.
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forexlive:6e00d6f15094b:0 | USDJPY | USDJPY Technical Analysis – The market is waiting for the key data next week | forexlive | https://www.forexlive.com/ | 2024-08-30T07:15:55+00:00 | https://www.tradingview.com/news/forexlive:6e00d6f15094b:0-usdjpy-technical-analysis-the-market-is-waiting-for-the-key-data-next-week/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/forexlive:6e00d6f15094b:0-usdjpy-technical-analysis-the-market-is-waiting-for-the-key-data-next-week/ | EN | Fundamental OverviewAfter the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDJPY pair hasn’t moved much as the lack of catalysts this week kept the price action at bay.The market is waiting for the key econ… | Fundamental Overview
After the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDJPY pair hasn’t moved much as the lack of catalysts this week kept the price action at bay.
The market is waiting for the key economic releases next week, and especially the NFP report, as that will likely decide whether the Fed is going to deliver a standard 25 bps cut or go for a more aggressive 50 bps cut in September.
Right now, it looks like the Fed is going to cut rates into a resilient economy, so one has to be mindful that we might eventually get an increase in economic activity that could lift long term yields.
That might not be the market’s focus at the moment because we will need a catalyst to change the narrative, but it’s something to keep an eye on. The focus right now is on the US labour market data as more weakening could not only trigger a more aggressive Fed easing but also bring back recessionary fears which should support the yen.
USDJPY Technical Analysis – Daily Timeframe
USDJPY Daily
On the daily chart, we can see that after the rejection of the broken trendline around the 149.00 handle and the drop into the 143.50 level, USDJPY hasn’t moved much as the market awaits the key economic releases next week. There’s not much we can glean from this timeframe so we need to zoom in to see some more details.
USDJPY Technical Analysis – 4 hour Timeframe
USDJPY 4 hour
On the 4 hour chart, we can see that the price recently broke above the major downward trendline which could be a signal of a change in momentum. The buyers are starting to pile in to position for a rally into the 150.00 handle and a break above the last lower high at 146.50 should increase the bullish momentum. The sellers, on the other hand, will want to see the price breaking the recent lows around the 143.50 level to increase the bearish bets into the 140.00 handle.
USDJPY Technical Analysis – 1 hour Timeframe
USDJPY 1 hour
On the 1 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum on this timeframe. The buyers will likely keep on leaning on it to position for new highs, while the sellers will want to see the price breaking lower to increase the bearish bets into new lows. The red lines define the average daily range for today.
Upcoming Catalysts
Today we conclude the week with the US PCE report.
See the video below
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tag:reuters.com,2024:newsml_L1N3KH05H:0 | NI225 | Japan's Nikkei ends higher as tech tracks Dow's record close | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T07:15:49+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KH05H:0-japan-s-nikkei-ends-higher-as-tech-tracks-dow-s-record-close/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'TSE:TOPIX', 'base_logoid': 'indices/topix-small'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'TSE:6857', 'base_logoid': 'advantest'}, {'symbol': 'TSE:8035', 'base_logoid': 'tokyo-electron'}, {'symbol': 'TSE:9984', 'base_logoid': 'softbank'}, {'symbol': 'TSE:9843', 'base_logoid': 'nitori-holdings'}] | /news/reuters.com,2024:newsml_L1N3KH05H:0-japan-s-nikkei-ends-higher-as-tech-tracks-dow-s-record-close/ | EN | Japan's Nikkei share average ended higher on Friday, with technology stocks leading the gains, as traders tracked a record closing high at Dow overnight following robust U.S. economic data.The Nikkei TVC:NI225 rose 0.74% to close at 38,647.75, and ended the week flat. For the month, the benchmark i… | Japan's Nikkei share average ended higher on Friday, with technology stocks leading the gains, as traders tracked a record closing high at Dow overnight following robust U.S. economic data.
The Nikkei TVC:NI225 rose 0.74% to close at 38,647.75, and ended the week flat. For the month, the benchmark index lost more than 1%.
The broader Topix TSE:TOPIX gained 0.73% to 2,712.63 and posted a 0.3% weekly gain. For the month, the index lost nearly 3% in its biggest decline since October.
"The Dow's strong finish lifted domestic equities. Chip-related stocks rose despite a decline of the Nasdaq, which means Nvidia is no longer a market-moving cue," said Naoki Fujiwara, senior general manager at Shinkin Asset Management.
The Dow posted a record-high close on Thursday in mixed trading, while artificial intelligence chipmaker Nvidia NASDAQ:NVDA dropped after its largely in line forecast failed to impress investors. The Nasdaq slipped 0.23%.
Nvidia's performance has been key for the Nikkei as most of its heavyweights are technology stocks.
The U.S. economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the U.S. is likely to avoid a recession.
Japanese chip-testing equipment maker Advantest TSE:6857 jumped 3.7% to give the biggest boost to the Nikkei. Chip-making equipment maker Tokyo Electron TSE:8035 rose 0.3%. Technology start-up investor SoftBank Group TSE:9984 gained 3.2%.
Medical equipment maker Terumo 4543.T> fell 2.9% to weigh on the Nikkei the most, after news that its shareholders plan to sell 73.2 billion yen ($505.56 million) worth of shares to overseas investors.
Home interior goods retailer Nitori Holdings TSE:9843, which relies on imports for most materials, fell 2.8% after the yen weakened on Thursday.
Nitori shares rose 22% this month, buoyed by a stronger yen.
Of the 225 Nikkei components, 155 stocks rose and 67 fell, with three ending flat.
($1 = 144.7900 yen)
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fisco:7d542023b8457:0 | NI225 | 日経VI：低下、株価堅調で警戒感が緩和 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T07:05:00+00:00 | https://ja.tradingview.com/news/fisco:7d542023b8457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:7d542023b8457:0/ | JA | 日経平均ボラティリティー・インデックス（投資家が将来の市場変動の大きさをどう想定しているかを表した指数）は30日、前日比-1.38（低下率6.08％）の21.32と低下した。なお、高値は22.43、安値は20.78。昨日の米株式市場はダウ平均が反発する一方、ナスダック総合指数やフィラデルフィア半導体株指数（SOX指数）が続落するなど指数によって高安まちまちとなり、東京市場の手掛かり材料になりにくい中、今日の日経225先物は取引開始後の売り買い一巡後は概ね底堅く推移。市場では、米国で今晩発表されるPCE価格指数などを見極めたいとする向きもあったが、今日は株価が堅調なこともあり、ボラティリティー… | 日経平均ボラティリティー・インデックス（投資家が将来の市場変動の大きさをどう想定しているかを表した指数）は30日、前日比-1.38（低下率6.08％）の21.32と低下した。なお、高値は22.43、安値は20.78。昨日の米株式市場はダウ平均が反発する一方、ナスダック総合指数やフィラデルフィア半導体株指数（SOX指数）が続落するなど指数によって高安まちまちとなり、東京市場の手掛かり材料になりにくい中、今日の日経225先物は取引開始後の売り買い一巡後は概ね底堅く推移。市場では、米国で今晩発表されるPCE価格指数などを見極めたいとする向きもあったが、今日は株価が堅調なこともあり、ボラティリティーの高まりを警戒するムードが緩和。日経VIは終日、昨日の水準を下回って推移し、取引終了にかけて株価上昇に伴い低下幅を広げた。
【日経平均VIとは】
日経平均VIは、市場が期待する日経平均株価の将来1か月間の変動の大きさ（ボラティリティ）を表す数値です。日経平均株価が急落する時に急上昇するという特徴があり、日経平均株価と通常は弱く逆相関する傾向があります。一方、数値が急上昇した後に、一定のレンジ（20～30程度）に回帰するという特徴も持っています。
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urn:newsml:mtnewswires.com:20240830:G2408321:0 | NI225 | Japan July Housing Starts Dip 0.2%, Easing from June's Sharp Decline | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T06:50:56+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408321:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408321:0/ | EN | Japan's housing starts edged down 0.2% year-on-year in July, easing from a 6.7% decline in June, according to the Ministry of Land, Infrastructure, Transport, and Tourism. The slower downturn was attributed to reduced declines across several categories. Owned dwellings fell 4%, improving from June'… | Japan's housing starts edged down 0.2% year-on-year in July, easing from a 6.7% decline in June, according to the Ministry of Land, Infrastructure, Transport, and Tourism.
The slower downturn was attributed to reduced declines across several categories. Owned dwellings fell 4%, improving from June's 5.6% drop.
Built-for-sale homes saw a 4.8% decrease, better than the 8.6% decline previously recorded. Pre-fabricated homes also reported a smaller decline, down 5.8% compared to a 12.6% fall in June.
Conversely, the market showed signs of recovery in other segments. Housing starts for rented units rose 4.6%, rebounding from a 6.2% drop in June.
Issued dwellings surged 42.5%, up from a 3.2% increase the previous month, while two-by-four constructions grew 11.3%, accelerating from an 8.3% rise in June.
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te_news:426899:0 | NI225 | The Nikkei 225 Index Closes 0.80% Higher | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-30T06:30:15+00:00 | https://www.tradingview.com/news/te_news:426899:0-the-nikkei-225-index-closes-0-80-higher/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/te_news:426899:0-the-nikkei-225-index-closes-0-80-higher/ | EN | In Tokyo, the Nikkei 225 Index gained 307 points or 0.80 percent on Friday.Gains were led by Unitika (9.32%), Furukawa Electric (4.60%) and Nitto Denko (4.34%).Biggest losers were Terumo (-3.36%), Otsuka Holdings (-1.91%) and AEON (-1.88%). | In Tokyo, the Nikkei 225 Index gained 307 points or 0.80 percent on Friday.
Gains were led by Unitika (9.32%), Furukawa Electric (4.60%) and Nitto Denko (4.34%).
Biggest losers were Terumo (-3.36%), Otsuka Holdings (-1.91%) and AEON (-1.88%).
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fisco:1a58f20f18457:0 | NI225 | 日経平均は反発、需給主導で大引けにかけてじり高 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T06:30:00+00:00 | https://ja.tradingview.com/news/fisco:1a58f20f18457:0/ | null | [{'symbol': 'TSE:9501', 'base_logoid': 'tokyo-electric-power'}, {'symbol': 'TSE:5801', 'base_logoid': 'furukawa-electric-co-ltd'}, {'symbol': 'TSE:5803', 'base_logoid': 'fujikura'}, {'symbol': 'TSE:5802', 'base_logoid': 'sumitomo-electric-industries'}, {'symbol': 'TSE:6762', 'base_logoid': 'tdk'}, {'symbol': 'TSE:6976', 'base_logoid': 'taiyo-yuden'}, {'symbol': 'TSE:6981', 'base_logoid': 'murata-manufacturing'}, {'symbol': 'TSE:6988', 'base_logoid': 'nitto-denko'}, {'symbol': 'TSE:6701', 'base_logoid': 'nec'}, {'symbol': 'TSE:6857', 'base_logoid': 'advantest'}, {'symbol': 'TSE:6504', 'base_logoid': 'fuji-electric'}, {'symbol': 'TSE:9984', 'base_logoid': 'softbank'}, {'symbol': 'TSE:9843', 'base_logoid': 'nitori-holdings'}, {'symbol': 'TSE:2871', 'base_logoid': 'nichirei'}, {'symbol': 'TSE:2269', 'base_logoid': 'meiji-holdings'}, {'symbol': 'TSE:2282', 'logoid': '', 'base_logoid': ''}, {'symbol': 'TSE:2503', 'base_logoid': 'kirin-holdings-company-limited'}, {'symbol': 'TSE:4543', 'base_logoid': 'terumo'}, {'symbol': 'TSE:8267', 'base_logoid': 'aeon'}, {'symbol': 'TSE:4578', 'base_logoid': 'otsuka'}, {'symbol': 'TSE:6861', 'base_logoid': 'keyence'}, {'symbol': 'TSE:7733', 'base_logoid': 'olympus'}, {'symbol': 'TSE:1803', 'base_logoid': 'shimizu'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:1a58f20f18457:0/ | JA | 29日の米国株式市場はまちまち。ダウ平均は243.63ドル高（＋0.59％）の41335.05ドル、ナスダックは39.60ポイント安（－0.23％）の17516.43、S&P500は0.22ポイント安（－0.004％）で取引を終了した。4-6月期国内総生産（GDP）、個人消費改定値が予想を上回り、寄り付き後、上昇。国内経済や労働市場、消費の堅調さが示され、景気見通しの改善で相場は続伸した。終盤にかけ、金利高や半導体メーカー、エヌビディアの下落が重しとなりナスダックが下落に転じるとダウも上げ幅を縮小するが過去最高値は更新。米国株が高安まちまちだったことで、東京市場は方向感に乏しいスタート。日経… | 29日の米国株式市場はまちまち。ダウ平均は243.63ドル高（＋0.59％）の41335.05ドル、ナスダックは39.60ポイント安（－0.23％）の17516.43、S&P500は0.22ポイント安（－0.004％）で取引を終了した。4-6月期国内総生産（GDP）、個人消費改定値が予想を上回り、寄り付き後、上昇。国内経済や労働市場、消費の堅調さが示され、景気見通しの改善で相場は続伸した。終盤にかけ、金利高や半導体メーカー、エヌビディアの下落が重しとなりナスダックが下落に転じるとダウも上げ幅を縮小するが過去最高値は更新。
米国株が高安まちまちだったことで、東京市場は方向感に乏しいスタート。日経平均は前日終値水準で取引を開始した後は、為替が1ドル145円台を付けるなど円安に振れたことなどから切り返す展開に。大引けでMSCIリバランスに絡んだ売買が入ったことからプライム市場の売買代金は5兆円台に乗せたが、月末需給に絡んだ売買中心の一日となった。
大引けの日経平均は前日比285.22円高（＋0.74％）の38647.75円となった。東証プライム市場の売買高は20億507万株。売買代金は5兆1924億円。業種別では、非鉄金属、海運業、卸売業、サービス業、電気・ガス業などが上昇した一方、精密機器、小売業、倉庫・運輸関連業、医薬品、食料品などが下落した。東証プライム市場の値上がり銘柄は67.2％、対して値下がり銘柄は28.8％となっている。
日経平均採用銘柄では、東京電力HDTSE:9501が送電網を整備と報じられたことで古河電工TSE:5801、フジクラTSE:5803、住友電工TSE:5802の電線株が買われた。また、TDKTSE:6762、太陽誘電TSE:6976、村田製作所TSE:6981、日東電工TSE:6988などアップル関連銘柄もしっかり。このほか、NECTSE:6701、アドバンテストTSE:6857、富士電機TSE:6504、ソフトバンクグループTSE:9984などが買われた。
一方、円高メリット銘柄のニトリホールディングスTSE:9843、ニチレイTSE:2871、明治ホールディングスTSE:2269、日本ハムTSE:2282、キリンHDTSE:2503の下げがやや目立ったほか、需給悪化懸念が嫌気されたテルモTSE:4543も売られた。このほか、イオンTSE:8267、大塚ホールディングスTSE:4578、キーエンスTSE:6861、オリンパスTSE:7733、清水建設TSE:1803などが下落した。
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DJN_DN20240830001154:0 | USDJPY | Nikkei Rises 0.7% in Likely Month-End Position Adjustment — Market Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T06:26:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830001154:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/DJN_DN20240830001154:0/ | EN | Japan's Nikkei Stock Average rose 0.7% to close at 38647.75 in likely month-end position adjustment on the last trading day of August. JPMorgan recommends investing without hedging to earn higher USD-denominated returns, and via sector rotation, the U.S. bank's Equity Strategy team says in a note… | Japan's Nikkei Stock Average rose 0.7% to close at 38647.75 in likely month-end position adjustment on the last trading day of August. JPMorgan recommends investing without hedging to earn higher USD-denominated returns, and via sector rotation, the U.S. bank's Equity Strategy team says in a note. Among sectors, JPMorgan recommends overweighting IT services, heavy industry, domestic consumption-related firms, and financials. For best performers on the benchmark index on Friday, Asics rose 4.9% and Murata Manufacturing added 4.15%. The Nikkei ended lower for a second consecutive month but posted its third straight weekly gain, rising 0.7% for the week. USD/JPY was at 144.89, compared with 144.99 late Thursday in New York. The 10-year JGB yield was 0.5bp higher at 0.890%. (ronnie.harui@wsj.com)
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DJN_DN20240830001157:0 | USDJPY | Global Forex and Fixed Income Roundup: Market Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-30T06:26:00+00:00 | https://www.tradingview.com/news/DJN_DN20240830001157:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/DJN_DN20240830001157:0/ | EN | The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.0626 GMT - Japan's Nikkei Stock Average rose 0.7% to close at 38647.75 in likely month-end position adjustment on the last trading day of August. JPMorgan recommends investing witho… | The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
0626 GMT - Japan's Nikkei Stock Average rose 0.7% to close at 38647.75 in likely month-end position adjustment on the last trading day of August. JPMorgan recommends investing without hedging to earn higher USD-denominated returns, and via sector rotation, the U.S. bank's Equity Strategy team says in a note. Among sectors, JPMorgan recommends overweighting IT services, heavy industry, domestic consumption-related firms, and financials. For best performers on the benchmark index on Friday, Asics rose 4.9% and Murata Manufacturing added 4.15%. The Nikkei ended lower for a second consecutive month but posted its third straight weekly gain, rising 0.7% for the week. USD/JPY was at 144.89, compared with 144.99 late Thursday in New York. The 10-year JGB yield was 0.5bp higher at 0.890%. (ronnie.harui@wsj.com)
0626 GMT - The Chinese yuan's strong performance in recent days has stoked fears that Chinese exporters might rush to unload their huge stockpile of hundreds of billions of dollars for the Chinese currency, a move that could cause wild swings in the foreign exchange market. USD/CNY fell below the 7.10 threshold this week, reaching a year-to-date low. Some analysts say concerns are overblown, shrugging off the possibility of a "tsunami" of dollar sales in the near term. Dollar assets remain attractive given expectations of still-large U.S.-China interest rate differentials and China's still-weak growth fundamentals, says economists at Goldman Sachs in note to clients. (singaporeeditors@dowjones.com)
0620 GMT - Eurozone government bond yields remain stuck in their recent ranges, but key U.S. economic data next week could inject new volatility ahead of key central bank meetings, rates strategists at Barclays say in a note. In particular, the August U.S. jobs report will be watched and in case of a further worsening of the unemployment rate, the probability of a 50 basis point interest-rate cut by the Federal Reserve in September would increase, but Barclays's base case remains three Fed rate cuts of 25bps each by the end of the year. Prior to the U.S. data, bond investors await eurozone flash estimate inflation data at 0900 GMT as a key input ahead of the European Central Bank's September meeting. (emese.bartha@wsj.com)
0609 GMT - Progress in France's political and fiscal front will be scrutinized while its government bond supply will have to be absorbed in the coming weeks, leaving room for the French OAT-German Bund yield spread to widen, rates strategists at Societe Generale Research say. "The political deadlock, in addition to the difficult budget negotiations and the high probability of deadlines in the budgetary process being missed, is likely to keep risk aversion toward OATs relatively high," they say in a note. This contrasts with the continued appetite for Italian and Spanish bonds, they say. That said, the 10-year OAT-Bund yield spread is relatively stable around 72 basis points, they say. (emese.bartha@wsj.com)
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urn:newsml:mtnewswires.com:20240830:G2408310:0 | NI225 | Japan's Construction Orders Rebound in July, Driven by Private Sector Growth | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T06:21:54+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408310:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408310:0/ | EN | Japan's construction orders surged in July, with total orders rising 62.8% year-on-year, reversing a decline from the previous month, according to data released by the Ministry of Land, Infrastructure, Transport and Tourism on Friday. The total value of orders reached 1.623 trillion yen, driven by… | Japan's construction orders surged in July, with total orders rising 62.8% year-on-year, reversing a decline from the previous month, according to data released by the Ministry of Land, Infrastructure, Transport and Tourism on Friday.
The total value of orders reached 1.623 trillion yen, driven by a 122.6% year on year increase in private sector construction, marking the first rise in three months. Growth was notably strong in manufacturing, services, and real estate sectors.
Domestic private construction orders climbed to 1.308 trillion yen, while public construction orders fell 33.5% year-on-year to 223.4 billion yen, marking a second consecutive month of decline. Orders from national government agencies dropped 42.8%, while those from local government agencies decreased by 11.2%.
Overseas construction orders rose 65.3% to 50.9 billion yen, bouncing back from a decline in the previous month.
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urn:newsml:mtnewswires.com:20240830:G2408305:0 | NI225 | Japanese Shares End Week Higher as Tokyo Inflation Surges Past 2% Target | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-30T06:15:38+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240830:G2408305:0-japanese-shares-end-week-higher-as-tokyo-inflation-surges-past-2-target/ | null | [{'symbol': 'TSE:6770', 'base_logoid': 'alps-alpine-co-ltd'}, {'symbol': 'TSE:6315', 'base_logoid': 'towa'}, {'symbol': 'TSE:7987', 'logoid': '', 'base_logoid': ''}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240830:G2408305:0-japanese-shares-end-week-higher-as-tokyo-inflation-surges-past-2-target/ | EN | Japanese shares closed the week higher as Tokyo's core inflation continued to climb in August, exceeding the Bank of Japan's 2% target and bolstering expectations for future rate hikes. The Nikkei 225 gained 0.74%, or 285.22 points, finishing at 38,647.75. Tokyo's core CPI, excluding fresh food, ro… | Japanese shares closed the week higher as Tokyo's core inflation continued to climb in August, exceeding the Bank of Japan's 2% target and bolstering expectations for future rate hikes.
The Nikkei 225 gained 0.74%, or 285.22 points, finishing at 38,647.75.
Tokyo's core CPI, excluding fresh food, rose 2.4% year-on-year in August, up from 2.2% in July. The broader index, excluding both fresh food and fuel, increased by 1.6%, compared to 1.5% in the previous month.
July's preliminary industrial production figures showed a 2.8% month-on-month rebound, recovering from a 4.2% decline in June. On a year-on-year basis, production grew by 2.7%, reversing a 7.3% drop from the previous year.
However, Japan's unemployment rate climbed to 2.7% in July from 2.5% in June. Employment fell slightly to 67.66 million, while unemployment rose to 1.87 million.
In corporate news, Alps Alpine TSE:6770 will sell its power inductor business to Delta Electronics (Japan) for nearly $71 million, aiming to improve corporate value and achieve a price-to-book ratio of 1 or more by FY2027.
Towa TSE:6315 updated its dividend forecast for fiscal 2025, maintaining the total dividend per share at the pre-split value of 60 yen, now adjusted to 20 yen post-split.
Nakabayashi TSE:7987 reported a fiscal Q1 attributable profit of 151 million yen, recovering from a loss of 57 million yen a year earlier. Basic EPS stood at 5.51 yen, compared to a loss of 2.08 yen per share last year.
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fisco:31c47bc7f8457:0 | USDJPY | 東京為替：ドル・円はじり高、145円付近に再浮上 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T06:07:34+00:00 | https://ja.tradingview.com/news/fisco:31c47bc7f8457:0/ | null | [{'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}] | /news/fisco:31c47bc7f8457:0/ | JA | 30日午後の東京市場でドル・円はじり高となり、144円90銭台に再浮上。今晩発表の米コアPCE価格指数は前回から上昇が予想され、連邦準備制度理事会（FRB)の9月利下げをにらんだドル売りは一服。また、アジア株高による円売りがドルを支える。ここまでの取引レンジは、ドル・円は144円66銭から145円07銭、ユーロ・円は160円19銭から160円73銭、ユーロ・ドルは1.1070ドルから1.1083ドル。 | 30日午後の東京市場でドル・円はじり高となり、144円90銭台に再浮上。今晩発表の米コアPCE価格指数は前回から上昇が予想され、連邦準備制度理事会（FRB)の9月利下げをにらんだドル売りは一服。また、アジア株高による円売りがドルを支える。
ここまでの取引レンジは、ドル・円は144円66銭から145円07銭、ユーロ・円は160円19銭から160円73銭、ユーロ・ドルは1.1070ドルから1.1083ドル。
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fisco:d5b0318cf8457:0 | NI225 | 日経平均大引け：前日比285.22円高の38647.75円 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-30T06:02:14+00:00 | https://ja.tradingview.com/news/fisco:d5b0318cf8457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:d5b0318cf8457:0/ | JA | 日経平均は前日比285.22円高の38647.75円（同+0.74%）で大引けを迎えた。なお、TOPIXは前日比19.61pt高の2712.63pt（同+0.73%）。 | 日経平均は前日比285.22円高の38647.75円（同+0.74%）で大引けを迎えた。なお、TOPIXは前日比19.61pt高の2712.63pt（同+0.73%）。
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tag:reuters.com,2024-08-30:newsml_AZN24VZ4Y:0 | NI225 | Tokyo's Nikkei share average closes up 0.74% | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-30T06:00:01+00:00 | https://www.tradingview.com/news/reuters.com,2024-08-30:newsml_AZN24VZ4Y:0-tokyo-s-nikkei-share-average-closes-up-0-74/ | Copyright Thomson Reuters 2024. Click For Restrictions - http://about.reuters.com/fulllegal.asp | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'TSE:TOPIX', 'base_logoid': 'indices/topix-small'}] | /news/reuters.com,2024-08-30:newsml_AZN24VZ4Y:0-tokyo-s-nikkei-share-average-closes-up-0-74/ | EN | TOKYO, Aug 30 (Reuters) - Japan's benchmark Nikkei average TVC:NI225 closed up 0.74% at 38,647.75 on Friday, while the broader Topix TSE:TOPIX gained 0.68% at 2,711.28. | TOKYO, Aug 30 (Reuters) - Japan's benchmark Nikkei average TVC:NI225 closed up 0.74% at 38,647.75 on Friday, while the broader Topix TSE:TOPIX gained 0.68% at 2,711.28.
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