Latest Market News

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 103 billion cubic feet for the week ended Sept. 16. That compared with the average analyst forecast for an increase of 92 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]

Visa Inc. shares V, -1.12% were off 0.7% in Thursday morning trading and on track to log their eighth-straight trading day of declines if the losses hold through the close. A close in the red Thursday would extend Visa’s longest losing streak since Aug. 16, 2013, according to Dow Jones Market Data. Shares fell for […]

Shares of Novavax Inc. NVAX, -9.15% slumped 7.1% in morning trading Thursday, to extend their recent plunge toward a near 2 1/2-year low, after J.P. Morgan threw in the towel on the maker of the COVID-19 vaccine Nuvaxovid, citing expectations of more cuts to revenue guidance. Analyst Eric Joseph cut his rating to underweight, after […]

USDJPY is falling on Thursday after interventions by the Bank of Japan.  The Japanese Yen reached stability against the USD. The current quote for the instrument is 142.85. The Yen was weakening against the USD yesterday but managed to reach stability this morning. The Japanese currency might be interesting for investors as a “safe haven” […]

Fed-funds futures traders now see a decent chance that U.S. policy makers will lift borrowing costs to a range between 4.75% to 5% by March, versus the current level between 3% and 3.25%. They see a 26% chance of such a scenario, up from 19% on Wednesday and zero likelihood a month ago, according to […]

EURUSD reached another bottom, the lowest in the last 20 years.  The major currency pair continues to retreat on Thursday. The current quote for the instrument is 0.9866. The USD is in high demand from investors who are trying to escape risks.  So, the most important monetary event of the month is over – the […]