Market Event which could bring trading opportunities
The S&P 500 and Dow fell in choppy trading after losses in energy and financial stocks, while gains in technology sector lifted Nasdaq. Most Treasuries were higher on weaker stocks. The dollar rose as the British pound and euro were pressured by uncertainty over Brexit talks and Italian budget respectively, while gold prices dipped. Oil
SP500 surged more than two percent, supported by strong corporate results and economic data, while the dollar and Treasury yields were little changed. Oil prices rose on expectations of disruption in supply due to U.S. sanctions on Iran and tensions with Saudi Arabia. Gold prices held steady. R Option added risk and we are
The largest U.S. bank reported a 24.5 percent jump in quarterly profit as higher interest rates and gains from tax cuts helped offset weakness in bond trading revenue. The bank by assets said net income for the third quarter rose to $8.38 billion, or $2.34 per share, from $6.73 billion, or $1.76 per share in
The U.S. Commerce Department is likely to report that housing starts rose to a rate of 1.235 million units in August from a 1.168 million-unit pace in July, according to a Reuters survey of economists. Building permits are forecast increasing to a 1.31 million-unit pace from 1.303 million units in July. The Commerce Department will also publish its second-quarter
