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.

Moomoo News20:13 ET

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.

環球市場播報17:19 ET

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."

環球市場播報Jul 12 11:44 ET

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.

Gelonghui FinanceJul 12 04:33 ET

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.

環球市場播報Jul 12 03:43 ET

HSBC Holdings Executes Share Buy-back

TipRanksJul 11 19:39 ET