Post by account_disabled on Feb 20, 2024 1:56:20 GMT -4
Barcelona, Spain — Despite the agenda full of macroeconomic indicators, the market's attention is mainly focused on the strength of corporate balance sheets and the expectation surrounding the interest rate decision that the Federal Reserve will make tomorrow .
Although US Treasury bonds boosted the stock markets a little yesterday, there is some caution before the publication of the results of large companies such as Microsoft and Alphabet after the New York closing. Does Wall Street's record recovery have room to continue? This anxiety could lead to a more reticent stock market today.
Subscribe to the morning Asia Mobile Number List newsletter Línea de Partida, a selection from Línea Bloomberg with the most outstanding news on business and finance from Latin America and the world.🟰50/50. Tomorrow, the Federal Reserve is expected to keep interest rates unchanged. Heading into the March meeting, traders believe the US central bank is equally likely to maintain borrowing costs or begin to reduce them.
For better times. volkswagen Europe's top automaker has postponed seeking outside investors for its battery division due to the weakening electric vehicle market, according to Bloomberg . This postponement occurs in a context in which, in 2023, initial public offerings had their worst year in more than a decade, influenced by high interest rates. Renault also delisted its Ampere unit, reflecting a lack of appetite for IPOs and lower adoption of electric vehicles.
Oil waiting. Saudi Aramco has canceled its plans to increase its production capacity to million barrels per day, opting to maintain it at 12 million. The surprise move comes after the world's largest oil exporter said in November it was making "very good" progress on a multibillion-dollar project to boost its capacity to barrels per day in 7, as demand in China continues. growing. and India. Saudi Arabia currently has capacity for 12 million barrels and is producing around 9 million a day, after cutting output as part of OPEC+ efforts to avoid a surplus.
Markets are also watching the US reaction to the deadly attack on US troops in Jordan, an event that could escalate tensions in a region crucial to global oil production.Debt control. Treasury premiums extended their decline (implying a better face value for these bonds), after a cut in the quarterly debt estimate by the US Treasury eased concerns about the avalanche of debt being issued to cover the federal deficit.The swing of assets. Futures contracts on US indexes fell. In Europe, stock markets rose. At the close of the Asian stock market, almost all stock markets closed in the red.
Although US Treasury bonds boosted the stock markets a little yesterday, there is some caution before the publication of the results of large companies such as Microsoft and Alphabet after the New York closing. Does Wall Street's record recovery have room to continue? This anxiety could lead to a more reticent stock market today.
Subscribe to the morning Asia Mobile Number List newsletter Línea de Partida, a selection from Línea Bloomberg with the most outstanding news on business and finance from Latin America and the world.🟰50/50. Tomorrow, the Federal Reserve is expected to keep interest rates unchanged. Heading into the March meeting, traders believe the US central bank is equally likely to maintain borrowing costs or begin to reduce them.
For better times. volkswagen Europe's top automaker has postponed seeking outside investors for its battery division due to the weakening electric vehicle market, according to Bloomberg . This postponement occurs in a context in which, in 2023, initial public offerings had their worst year in more than a decade, influenced by high interest rates. Renault also delisted its Ampere unit, reflecting a lack of appetite for IPOs and lower adoption of electric vehicles.
Oil waiting. Saudi Aramco has canceled its plans to increase its production capacity to million barrels per day, opting to maintain it at 12 million. The surprise move comes after the world's largest oil exporter said in November it was making "very good" progress on a multibillion-dollar project to boost its capacity to barrels per day in 7, as demand in China continues. growing. and India. Saudi Arabia currently has capacity for 12 million barrels and is producing around 9 million a day, after cutting output as part of OPEC+ efforts to avoid a surplus.
Markets are also watching the US reaction to the deadly attack on US troops in Jordan, an event that could escalate tensions in a region crucial to global oil production.Debt control. Treasury premiums extended their decline (implying a better face value for these bonds), after a cut in the quarterly debt estimate by the US Treasury eased concerns about the avalanche of debt being issued to cover the federal deficit.The swing of assets. Futures contracts on US indexes fell. In Europe, stock markets rose. At the close of the Asian stock market, almost all stock markets closed in the red.