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Pfizer Off Lows As It Sees $33.5 Billion Revenue From COVID Shots

Pfizer (NYSE:PFE) stock came off earlier lows in premarket trading Wednesday and was down 0.4% as the company raised its annual guidance and pegged revenue from sale of its COVID-19 vaccines at approximately $33.5 billion. The revenue from COVID-19 vaccines reflects 2.1 billion doses expected to be delivered in 2021 under already-signed contracts as of middle of this month. It could supply up to 3 billion doses if expansion at current sites happens and new suppliers are added, Pfizer said.

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Fed to Stress Patience on Scaling Back as Virus Threat Lurks, Dollar waits for Fed

(Bloomberg) -- With the delta variant posing a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell and his colleagues are likely to emphasize patience on scaling back the central bank’s massive policy support. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of a two-day policy meeting on Wednesday and repeat a vow to keep buying bonds at the current $120 billion monthly pace. The panel will release a statement at 2 p.

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BoE set to keep full-speed stimulus despite split over inflation risk

LONDON (Reuters) - The Bank of England looks set to keep its stimulus running at full speed next week despite two policymakers breaking ranks to suggest that its nearly 900 billion pound ($1.2 trillion) bond-buying scheme might have to end early as inflation speeds up. Britain's economy is rebounding quickly from its almost 10% crash of 2020, when the country suffered a higher COVID-19 death toll and longer lockdowns than most other nations. With consumers back in shops, bars and resta

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Nasdaq 100 Outlook: Stocks Decline Despite Stellar Tech Earnings, All Eyes Shift to Fed

NASDAQ 100, APPLE, MICROSOFT, ALPHABET, TECH EARNINGS, FEDERAL RESERVE - TALKING POINTS Apple, Microsoft, Alphabet all post blowout earnings reports after the closing bell Federal Reserve meeting slated for Wednesday, eyes on liftoff and taper talk China crackdown on tech continues, Hang Seng Index declines by over 4% Major US equity benchmarks declined on Tuesday as market participants prepared for a blockbuster slate of tech earnings after the c

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Fed History Suggests ECB Won’t Boost Inflation on Guidance Alone

(Bloomberg) -- European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take quite a while to kick in, according to officials familiar with the discussions. In its strategy review this month, when it raised its inflation goal and acknowledged that it might overshoot, the ECB’s Governing Council discussed the experience of the U.S. Federal Reserve, the officials said. U.S. expectations -- a critical signal of future price gains

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Dollar stabilises near recent peaks as traders await Fed

SINGAPORE (Reuters) - The U.S. dollar hovered below recent peaks on Tuesday, as investors turned to this week's Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply from an attempt to break out of a monthslong range. The dollar held at $1.1809 per euro in Asia, finding support after a small dip on Monday. It bought 110.18 yen and the Australian and New Zealand dollars held onto small gains made Monday. The greenback has been risi

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Sentiment Indicators: Using IG Client Sentiment

SENTIMENT INDICATORS: USING IG CLIENT SENTIMENT The IG Client Sentiment (IGCS) is unique, proprietary and potentially helpful to traders. The article will outline the following illustrative points: What is IG Client Sentiment (IGCS)? Sentiment Indicators IGCS as a Leading Indicator IGCS as a Technical Indicator: Summary WHAT IS IG CLIENT SENTIMENT (IGCS)? IG Client Sentiment (IGCS) is a tool that traders can use

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3 Stocks To Watch In The Coming Week: Tesla, Apple, Microsoft

With some of the largest U.S. companies reporting their quarterly earnings in the upcoming week, investor focus will likely be squarely on corporate America and the financial health of its most high profile corporations.  During the five-day period ahead, about a third of S&P 500 companies are scheduled to release their most recent numbers along with their outlook forecasts for the remainder of this year, including such tech giants as Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN) a

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Dollar, yen rise as risk sentiment declines ahead of Fed Policy Decision Remains Focus

TOKYO (Reuters) - The safe-harbour yen and dollar started the week firmer against riskier currencies like the Aussie as rising COVID-19 cases and a decline in Asian equities set a cautious tone ahead of the Federal Reserve's meeting this week. The yen rose about 0.5% to 81.08 per Australian dollar on Monday, while the dollar gained 0.2% to $0.7351 per Aussie, approaching an almost eight-month high of $0.72895 reached last week. Against the dollar, the yen added 0.2% to 110.32, helped b

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Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook

Oil prices fell on Monday as concerns about fuel demand from the spread of COVID-19 variants and floods in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents. Coronavirus cases continued to rise over the weekend with some countries posting record daily increases and extending lockdown measures that

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Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation

Markets swung wildly last week as fears over the delta variant of covid bulged then faded. This initially caused a notable deterioration in risk appetite that steered stocks sharply lower. The Dow Jones, Nasdaq, and S&P 500 were down between -1.5% and -2.7% at their low points, but as sentiment recovered amid prevailing ‘buy-the-dip’ mentality, these major stock indices ended up finishing the week at record highs yet again. Bonds behaved similarly with economic growth concerns ini

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Dollar Edges Higher; Fed in Focus After ECB Turns More Dovish

The dollar pushed higher in early European trading Friday, with attention turning to next week’s Federal Reserve meeting after the European Central Bank’s dovish performance on Thursday. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 92.865, but still below Wednesday’s 3 1/2-month high of 93.194.  USD/JPY rose 0.1% to 110.28, GBP/USD fell 0.1% to 1.3754, despite retail sales rising 0.5% in Jul

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European Stock Futures Higher; Dovish ECB Helps Tone

European stock markets are expected to open higher Friday, ending a volatile week on a positive note, helped by a supportive tone from the European Central Bank. At 2:10 AM ET (0610 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.4% and the FTSE 100 futures contract in the U.K. rose 0.4%. The ECB, as was largely expected, did not adjust its benchmark interest rate or its commitment to purchase 1.85 trillion euro in bonds through Mar

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Dividend Adjustments 26th July 2021 - 2nd August 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 26th July 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your accou

Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher

NASDAQ 100, TREASURY YIELDS, INTEL EARNINGS, DOW JONES - TALKING POINTS Nasdaq 100 leads markets higher as Treasury yields decline following disappointing jobs data Intel reports Q2 Earnings, Revenues & EPS beat estimates, full year guidance raised Nasdaq 100 gearing up for another test of 15,000 following constructive price action, earnings US equity benchmarks continued their march higher on Thursday, led by the Nasdaq 100. Tech shares bounc

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Stocks shrug off virus worries; ECB in focus

SINGAPORE (Reuters) - Asia's stock markets headed for their best day in two months on Thursday though growth-sensitive currencies struggled to rally, pointing to nagging doubts about the recovery as investors looked to the European Central Bank for their next cue. MSCI's broadest index of Asia-Pacific shares outside Japan was last up just over 1%, its largest daily jump since late May, with markets green from Seoul to Sydney. Japanese markets were closed for a holiday. Asia's posi

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ECB set to promise even longer support to charge inflation

FRANKFURT (Reuters) -The European Central Bank is all but certain to promise an even longer period of stimulus on Thursday to make good on its commitment to boost inflation, but the debate among policymakers is likely to be tense and no new measures will be announced. The Governing Council will meet for the first time since the ECB unveiled a tweaked inflation target earlier this month, the culmination of an 18-month strategic review of its roles in an array of areas from inflation to clima

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Afterpay share price: what ‘Money by Afterpay’ mean for the company?

‘Afterpay has always stood apart in the way it connects with customers around common core values of simplicity, transparency and trust.’   Source: Bloomberg   Shares Money Bank Westpac Customer Morgan Stanley On Tuesday, 20 July, we received greater clarity on what Afterpay’s ‘Money by Afterpay’ product would look like and when it would likely be rolled out in Australia.

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Dollar Up, but Takes Pause on Upward Trend as Risk Aversion Ebbs

The dollar was up on Wednesday morning in Asia but eased slightly from multi-month peaks. Recent risk aversion that gave the greenback a boost ebbed, and selling was light ahead of the European Central Bank (ECB)’s latest policy decision that kept the euro pinned down. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.07% to 93.047 by 12: 36 AM ET (4:36 AM GMT). The index, which is up 2.8% since mid-June, also seemed close to testing its peak o

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