CSFX Market News | Global Market Update

  GOLDMAN SACHS UNVEILS REVAMP AS THIRD-QUARTER PROFIT FALLS Goldman Sachs Group Inc (NYSE:GS) said on Tuesday it was reorganizing its business into three units, as the Wall Street giant undertakes another overhaul in less than three years, and reported a drop in third-quarter profit. Profit applicable to common shareholders fell to $2.96 billion, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 billion, or $14.93 per share, a year ago. Analysts had expected a profit of $7.69 per share, according to Refinitiv data. It was not immediately clear if the reported numbers were comparable to estimates. It is the biggest shakeup by the investment bank in just over two years and outlined plans for four core units: investment banking, global markets, consumer and wealth management and asset management. The reshuffle comes as the Wall Street titan seeks to boost its income from fee-based businesses at a time when rising interest rates have dented valuations and deal-making. The ...

  GAS PRICES SURGED 13% OVERNIGHT IN THE EUROPEAN UNION Asian Pacific shares were down for a seventh straight session on Tuesday. The Shanghai Composite is down 0.18% at 3,271.98. Overall, the Singapore MSCI is down 1.66% at 290.55. Over in Hong Kong, the Hang Seng Index is down 1.17% at 19,364.00. In Japan, the Nikkei 225 is down 1.11% at 28,390.00, while the Topix index is down 1.01% at 1968.00. South Korea’s Kospi is down 1.10% at 2,435.34. Australia S&P/ASX 200 down 1.21% at 6961.80. Top News of the Day: A winter with impending energy shortages is rapidly coming, inflation is on the verge of double digits, and the European Central Bank has begun a cycle of tightening financial conditions. Worryingly, this outlook is still likely to get worse before any significant improvement well into 2023. Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade. Market Summar...

  WEEKLY SNAPSHOT      CPI (YoY) (Jul), U.K.     WHEN:                                                                  WHAT IT HAD INFLUENCED: 17 th  AUGUST 2022                                                      GBP and its subsequent pairs WHAT HAPPENED:  The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. GBPNZD is currently in the downward channel. Further downside can be seen in the coming week.     Retail Sales (MoM) (Jul), U.S.     WHEN:  ...

  Oil Drops to 6 1/2  Month Low as Market Is Worried by Iran Deal Asia Pacific shares rallied on Wednesday. The Shanghai Composite is up 0.45% at 3,292.52. Overall, the Singapore MSCI is down 1.70% at 301.55. Over in Hong Kong, the Hang Seng Index is up 0.51% at 19,914.00. In Japan, the Nikkei 225 is up 1.18% at 29,190.00, while the Topix index is up 1.01% at 2005.50. South Korea’s Kospi is down 0.67% at 2,516.47. Australia S&P/ASX 200 up 0.31% at 7127.70. Top News of the Day: Oil bulls wish that Iran would just go away. In what appears to be another European surreptitiously U.S.-backed attempt to revive the 2015 Iranian nuclear deal, crude markets are faced with the probability of an additional 1.3 million barrels per day of supply coming on to the market, at a time when demand doesn’t seem to be all that great. Market Summary as per 16/08/2022: European equities Tuesday closing. The DAX futures contract in Germany traded down 0.03% at 13,906.25, CAC 40 futures up 0.11% a...

  WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE   Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90. Top News of the Day: The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July. Market Summary as per 11/08/2022: European equit...

  TUESDAY CHOPPY SESSION ENDED WALL STREET LOWER Asia-Pacific stocks rose in volatile trading on Wednesday. The Shanghai Composite is down 0.71% at 3,163.67. Overall, the Singapore MSCI is up 1.26% at 298.10. Over in Hong Kong, the Hang Seng Index is up 0.34% at 19,667.00. In Japan, the Nikkei 225 is up 0.14% at 27,710.00, while the Topix index is down 0.13% at 1927.50. South Korea’s Kospi is up 0.89% at 2,461.45. Australia S&P/ASX 200 down 0.32% at 6975.90. Top News of the Day: Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan. Pelosi said her trip demonstrated American solidarity with the Chinese-claimed self-ruled island, but China condemned that first such visit in 25 years as a threat to peace and stability Market Summary as per 02/08/2022: European equities Tuesday closing. The DAX futures contract in Germany traded down 0.35% at 13,403.94, CAC 40 futures up...

  ABB LTD. Technical Analysis: Weekly Chart In the weekly charts, ABB LTD. is trading in down channel. ABB LTD. is currently trading below all SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 26.52 & the resistance level is at 29.18. ABB LTD. will trade in down channel until there is trend reversal. ABB LTD. Technical Analysis: Daily Chart CLICK HERE  FOR FULL REPORT

  FED 75-basis point hike moved U.S. STOCK FUTURES SLIGHTLY LOWER Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is up 0.25% at 3,284.46. Overall, the Singapore MSCI is up 1.12% at 298.00. Over in Hong Kong, the  Hang Seng Index  is down 0.26% at 20,611. In Japan, the Nikkei 225 is up 0.18% at 27,810.00, while the Topix index is down 0.05% at 1946.50. South Korea’s Kospi is up 0.82% at 2,435.27. Australia S&P/ASX 200 up 0.97% at 6889.70. Top News of the Day: U.S. stock futures  moved slightly lower in overnight trading after major benchmark averages lifted during Wednesday’s session as Federal Reserve policymakers delivered a 75-basis point hike. By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures declined 0.1%, while Nasdaq 100 Futures were 0.4% lower. Market Summary as of 27/07/2022: European equities Wednesday closing. The DAX futures contract in Germany traded up 0.53% at 13,166.38, CAC 40 futures up 0.52% at 6290.41 ...

  Technical analysis is a trading discipline that uses statistical trends derived from trading activity, such as price movement and volume, to analyse investments and uncover trading opportunities. Unlike fundamental analysis, which seeks to determine the value of a security based on company performance such as sales and earnings, technical analysis focuses on price and volume. WHAT IS TECHNICAL ANALYSIS? At Capital Street, the Technical Analysis Report is created by analysts having rich experience in the global securities market. Their experience in technical and fundamental analysis will help you in generating profit with the safety of funds. Capital Street have immense options in the different script to trade on market simply using your mobile application, computer application or web login. WHAT ARE THE BENEFITS OF TECHNICAL ANALYSIS? Technical analysis is an excellent method for analysing stocks and selecting the best ones. The following are some of the process's advantages...

  SAP AG TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, SAP AG is trading in a down channel. It is trading below all SMA. The immediate support is 94.57 & the resistance level is at 99.79. SAP AG is trading in the down channel until there is trend reversal. SAP AG TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT

  NASDAQ 100 TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, NASDAQ 100 is trading above its downward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is 13730 and the resistance level is at 14860. NASDAQ 100 is trading outside and above its previous downward channel. NASDAQ 100 TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT