Momentum
Momentum and relative-strength plays
9 stories tagged #momentum
Australia household spending beats, up 0.8% in June (expected +0.2%, prior +1.3%)
Australia household spending jumps 0.8% in June, 4x forecast, signaling resilient consumer demand despite RBA rate
Read storyUS ISM Manufacturing PMI for July 55.6 versus 54.0 estimate
US ISM Manufacturing PMI surges to 55.6 in July, highest since May 2022, beating 54.0 estimate.
Read storyOil Dips 7% as Trump Calls Off a Planned Attack on Iran
Crude oil falls 7% after Trump cancels planned military strike on Iran.
Read storyApple set to lose nearly $500 billion in value after weak forecast
Apple shares fall sharply after weak earnings forecast, wiping ~$500B market cap.
Read storyFutures Rise After Record Rip In Kospi; Bond Bounce Fades As Oil Jumps, BoJ On Hold
Nasdaq 100 futures rise 1.2% on Amazon AWS beat; Apple sinks 7% on supply warnings; BoJ holds rates.
Read storyWheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Wheat futures jump 3.9% as Russian attacks on Black Sea ports threaten grain exports and reignite food-inflation
Read storyEuro area inflation nudges up in July, keeps the pressure on the ECB
Euro area headline CPI rises to 2.9%, core inflation ticks up to 2.5%; market odds for September ECB hike climb to 66%.
Read storyChina's factory activity unexpectedly contracts in July on demand slump, typhoons
China's factory PMI contracts to 49.2 in July, missing forecasts as export momentum fades and typhoons disrupt
Read storyUS Q2 advance GDP +1.5% vs +2.1% expected
US Q2 GDP growth missed at +1.5% vs +2.1% expected; core PCE eased but headline inflation accelerated.
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