As the U.S. government-debt futures market reflects increased demand in the wake of the recent attack by Hamas on Israel, there is a possibility that Treasury yields may decrease when the cash market reopens on Tuesday. According to FactSet data, the price of 10-year Treasury note futures TY00, +0.78% started to rise approximately 90 minutes prior to the opening of the U.S. … [Read more...] about Potential Impact on Treasury Yields Following Hamas Attack on Israel
Oil Futures Rally as Hamas Attacks Israel
Oil futures rallied on Monday by more than 4%, propelling U.S. prices to their highest finish in nearly a week. The recent attack by Palestinian militant group Hamas on Israel has raised concerns about potential disruptions to oil supplies in the Middle East region. Experts predict that this violence will continue to exert upward pressure on oil prices, at least in the short … [Read more...] about Oil Futures Rally as Hamas Attacks Israel
Australian Business Activity Remains Resilient
Australian business activity showed signs of moderation in September, but remained resilient overall, according to the National Australia Bank's latest report. The business conditions index, which measures overall business performance, declined slightly to +11 points in September from +13 in August. However, this level is still above average, indicating that the economy has … [Read more...] about Australian Business Activity Remains Resilient
Apple Stock Faces Challenges Ahead
As Apple prepares to release its fourth-quarter earnings report, industry experts are expressing concerns about the tech giant's future performance. Melius Research analyst Ben Reitzes, who holds a Buy rating on Apple stock with a target price of $240, highlights several key issues that the company needs to address. Pressure to Demonstrate Growth Despite having one of the most … [Read more...] about Apple Stock Faces Challenges Ahead
Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
In a recent report, Citi analysts downgraded Skyworks Solutions (ticker: SWKS) and Qorvo (QRVO) from Neutral to Sell. They also reduced the price targets for both stocks, bringing them down to $87 and $78, respectively. Skyworks stock has dropped by 3.3% to $94.95, while Qorvo shares have seen a 4% decrease, making them the worst performer in the S&P 500 during premarket … [Read more...] about Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
