​EBC Markets Briefing | US stocks on a roll; Netflix shares down despite revenue beat

Wall Street hit records as tensions eased, but Iran's Hormuz closure revived risks. Hedge fund buying supports gains, while overbought signals suggest consolidation ahead.
EBC Financial Group | 199 hari yang lalu

Wall Street indexes scaled record highs on Friday, after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon and Trump said he expected to reach a deal to end the war soon.

However, Iran has closed the waterway again to commercial vessels and that any ship that approaches it will be targeted. At least two merchant vessels said they were hit by gunfire.

Vice President JD Vance were expected to travel to Pakistan on Monday for a second round of peace talks. However, Iran on Sunday denied that it would participate in new peace talks.

Systematic hedge funds bought stock at a record pace in the last week, said ‌Goldman Sachs. Such money use market signals rather than views on the economic aspects ⁠of the company stocks they trade.

That means they will likely sell holdings rapidly if market sentiment worsens as it is. Trump's threat to dismiss Fed Chair Powell could aggravate concerns about US credibility

The S&P 500 is poised to deliver its sixth consecutive quarter of double-digit earnings growth, according to FactSet. TMT still lead the growth among all sectors, underpinning its favourable position.

The benchmark index entered the overbought territory after hitting a fresh record high, which was indicative a short period of consolidation above the 7,060 area.

Asset recap

As of market close on 17 April, among EBC major products, Stellantis shares led gains. The company and Microsoft have agreed to a five‑year strategic partnership to ‌co-develop AI.

Netflix beat Wall Street expectations for revenue and maintained full-year guidance of revenue. Despite dropping its proposed deal for WBD's assets, that would-be transaction will still affect the finances this year.

German stocks surged after a plunge in oil prices. The coming week presents a major challenge for equity valuations as Germany's corporate earnings season kicks into high gear.

EBC Financial Group Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Global Financial Collaboration or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

EBC Financial Group
Tipe: STP, ECN
Regulasi: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
baca selengkapnya
Dollar Steady as Yen Gains Ahead of US Payrolls Report

Dollar Steady as Yen Gains Ahead of US Payrolls Report

📉 Nasdaq posts steepest one-day drop since April 2025 on AI scrutiny fears after Democratic sweep. Yen hits 1-week high at 157.40, DXY steady at 101.55, 2Y yield falls 10bps to 4.47%. Gold recovers to $4,100, December hike odds drop to 70%. Oil market tips toward surplus as Brent swaps hit contango. NFP due today.
CPT Markets | 2 jam 33 menit yang lalu
🇺🇸 US Midterm Elections: Political Gridlock Raises Fiscal and Debt Risks

🇺🇸 US Midterm Elections: Political Gridlock Raises Fiscal and Debt Risks

Democratic control of Congress sets the stage for prolonged confrontation with the Trump administration over spending, taxation and the debt ceiling. With US debt approaching $40.5 trillion and fiscal deficits remaining substantial, political uncertainty could intensify, influencing dollar liquidity, Treasury markets and global investor sentiment.
Headway | 15 jam 59 menit yang lalu
 Dollar extends election-related slide, stocks rebound

Dollar extends election-related slide, stocks rebound

Dollar tumbles as expectations of fiscal stimulus and inflation ease - Strong October jobs data could still revive Fed tightening bets - Sterling awaits BoE’s vote, projections and policy guidance - Wall Street rallies amid reduced Fed hike bets and tumbling oil prices
XM Group | 21 jam 4 menit yang lalu