Top Gap Ups and Downs on Friday: WFC, DKS, BK and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Overnight news: U.S. stocks closed higher on Friday, with traders betting on a big move by the Federal Reserve to cut interest rates by 50 basis points in September, and the U.S. consumer confidence index unexpectedly fell to an eight-month low.
For more global financial information, please visit 24/7 real-time financial news market closure: US stocks closed higher on Friday. This week, the market is concerned about inflation data and the prospect of Fed interest rate cuts. On July 12th, the top 20 trading volume of US stocks: Wells Fargo & Co said it cannot cut costs as expected. Popular China concept stocks rose and fell on Friday. Taiwan Semiconductor rose by 1.5%, Alibaba rose by 1.4%, and JD.com fell by 1.7%. This week, US WTI crude oil fell by 1.1%, and Brent crude fell by 1.7%. European stocks collectively rose, with the Euro Stoxx 50 index up 1.38%. Macro dissatisfaction with 25 basis points, traders are starting to bet that the Fed will make a big move to cut interest rates by 50 basis points in September.
HSBC has delayed the Bank of England's first interest rate cut expectation from August to November.
HSBC economists have delayed their expectation for the Bank of England's first 25 basis point interest rate cut from August to November, citing stickiness in wage growth and inflation. Senior economist Liz Martins wrote in a client report on Friday, "The decision to come is likely to be a 'delicate balancing act.'" She added, "We think wage growth and inflation are still sticky, particularly if Labour's plans include a further significant increase in the national living wage in April 2025." Assuming a first rate cut in November, she predicted that the Bank of England would gradually cut rates by 25 basis points per quarter, bringing the benchmark rate down to 4% by the end of 2025."
HSBC's New Gold Prices Forecast Calls for a 12% Drop in 2025
On July 11, hsbc holdings (00005.HK) spent HKD 0.185 billion to repurchase 2.7472 million shares.
On July 12th, Glon Hui reported that HSBC Holdings (00005.HK) will spend 0.185 billion Hong Kong dollars to repurchase 2.7472 million shares on July 11, 2024, with a repurchase price of HKD 66.9-67.5 per share.
Express News | HSBC Bought Back 2.7 Mln Shares for HK$184.7 Mln on July 11 - HKEX Filing
HSBC raised Vietnam's economic growth forecast for this year to 6.5%.
HSBC will increase Vietnam's GDP growth expectations for this year from 6.0% to 6.5% on Friday. The GDP data for the second quarter released by Vietnam earlier exceeded market expectations. HSBC said in a report: "In addition to the overall data, Vietnam's economic recovery has begun to show signs of expanding." However, HSBC said that due to the outbreak of African swine fever leading to a rise in pork prices, inflation seems to be an urgent issue, which has kept June's inflation rate high.
Express News | Occidental Petroleum Corp : HSBC Cuts Target Price to $62 From $65
HSBC Holdings Repurchases 2.7 Million Shares in Hong Kong
HSBC Holdings (HKG:0005) bought back 2,747,200 shares in Hong Kong on Thursday at a weighted average price of HK$67.22 apiece, according to a Friday filing with the Hong Kong Stock Exchange.Since
HSBC Holdings Executes Share Buy-back
Zhitong ADR statistics | July 12th
On Wednesday, the three major U.S. stock indexes showed mixed gains and losses, while the HSI ADR index rose to 17,906.52 points, up 74.19 points or 0.42% compared to the Hong Kong closing price.
HSBC: The strength of the US dollar is expected to continue into next year, even if interest rates are cut this year.
Daragh Maher, Americas Research Director of HSBC Securities USA, said that even if the Federal Reserve cuts interest rates later this year, the strength of the US dollar will still be resilient. He stated in an interview on Thursday that he expects the US dollar to remain near current levels by the end of 2025 because HSBC expects the US economy to continue to outperform other global economies, and the yield advantage of US Treasury bonds will continue. Prior to this, government reports showed that inflation cooled down last month, pushing down US Treasury yields and the US dollar due to traders.
Abu Dhabi Exchange Approves Listing of $500 Million Green Sukuk by Aldar Investment Properties Sukuk
The Abu Dhabi Securities Exchange approved the listing of $500 million green senior unsecured notes by Aldar Investment Properties Sukuk, starting Friday.The 10-year notes carry an annual coupon of 5.
RBC Makes Changes to Executive Suite After HSBC Acquisition
HSBC Bank Plc - Form 8.5 (EPT/RI) - Wood Group (John) Plc
BOC Aviation: HSBC Singapore Branch Acted as Facility Agent for All Four Facilities
BOC Aviation: HSBC Singapore Branch Acted as Facility Agent for All Four
Express News | HSBC Bought Back Total 868,487 Shares on Other Exchanges for GBP5.8 Mln on July 10 - HKEX Filing
On July 10th, hsbc holdings (00005.HK) spent 0.183 billion Hong Kong dollars to buy back 2.7472 million shares.
On July 11th, Ge Longhui reported that HSBC Holdings (00005.HK) announced that it will repurchase 2.7472 million shares at a cost of 0.183 billion Hong Kong dollars on July 10, 2024, with a repurchase price of 66.45-67 Hong Kong dollars per share.
Express News | HSBC Bought Back 2.7 Mln Shares on HK Stock Exchange for HK$183.3 Mln on July 10 - HKEX Filing
Best UK Mortgage Deals of the Week