US Stock Futures Struggle For Gains Ahead Of GDP Data
Connect with us

Latest news

S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for U.S. economy, JP Morgan warns of recession risk

Odyssey News

Published

on

US Stock Futures Struggle For Gains Ahead Of GDP Data
Want create site? Find Free WordPress Themes and plugins.

JP Morgan economist now sees a reasonable risk of U.S. recession, potential for global slowdown

ALSO READ  Top ten betting companies ordered by market capitalization

U.S. stock indexes end mixed Wednesday, as investors focused on remarks by central bankers and from corporate executives, while fretting that soaring inflation is damaging the world’s biggest economy.

How did stock indexes do?

  • The Dow Jones Industrial Average DJIA, +0.27%  rose 82 points, or 0.3%, to end at 31,029.31.
  • The S&P 500 SPX, -0.07%  edged down 2.27 points, or 0.1%, to close at 3,818.83.
  • The Nasdaq Composite COMP, -0.03% shed 3.65 points, a fall of less than 0.1%, ending at 11,177.89.

On Tuesday, the Dow fell 491.27 points, or 1.6%. The S&P 500 fell 2% and the Nasdaq Composite dropped 3%. All three booked their worst daily percentage declines since June 16, according to Dow Jones Market Data.

What drove markets?

Earlier gains for U.S. stock benchmarks mostly faded Wednesday, as investors monitored corporate earnings and remarks from central bankers looking to battle high inflation by tightening financial conditions.

Investors were focused on a mixed bag of corporate earnings results trickling out ahead of the mid-July quarterly deluge for insights into whether bulging inventories of goods and sharp inflation pressures pinch profit margins.

“It remains to be seen, but it feels like the market is expecting profit margins to be squeezed, and profit to be revised lower,” said Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions, by phone.

He pointed to the S&P 500 sinking about 25% below its January peak last week, before it staged a slight rebound, as a sign that investor might be “somewhat discounting that earnings are already being ratcheted down,” even before Wall Street analysts have yet to substantially lower their earnings estimates.

“Maybe the equity market has already done some of that,” Janasiewicz said.

Focus also was on Federal Reserve Chair Jerome Powell who said Wednesday at a European Central Bank forum on central banking that he sees a path back to 2% inflation while sustaining strong labor market, but warned there was “no guarantee that we can do that.”

European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Augustin Carstens, head of Bank for International Settlements, also spoke at the same conference.

On U.S. economic data, the first-quarter GDP was revised to show an 1.6% decline, compared with the prior 1.5% drop.

Economists at JP Morgan Chase and Co. said on Wednesday that they now see a U.S. economic recession this year as a reasonable risk to consider, given the GDP contraction and aggressive moves planned by the Fed to fight high inflation through higher rates. They also didn’t rule out a risk of a global economic slowdown.

Equities were limping toward the end of a miserable first half of the year. The S&P 500 is down 19.6% so far in 2022 — on track for the worst first-half performance since 1970 — hit by concerns that inflation rates at multidecade highs are badly damaging household sentiment and that the Federal Reserve’s response to surging prices may tip the economy into recession.

“I think the biggest conundrum we have right now is we have not had an earnings recession, the analysts remain positive in this quarter,” Louis Navellier, chairman of Navellier & Associates, said in an interview. However, corporate profit margins are under pressure as inflation remains heated, he said.

“This is going to be a very interesting quarter where I’ve never seen a recession where their earnings are still accelerating,” Navellier said.

Wall Street’s dive on Tuesday led Asian and European bourses lower, particularly with worries that supply constraints in China could exacerbate global inflationary pressures. Such concerns were illustrated in Spain on Wednesday, where data showed prices rising by 10.2% in June, their fastest pace in 37 years.

Companies in focus

  • NIO Inc. NIO, -2.24% shares fell 2.2% after a short seller report on Wednesday alleged the company exaggerated financial results, while the China-based electric vehicle maker said the report was without merit and contained “numerous errors.”
  • Shares of Pinterest Inc. PINS, +1.32% rose 1.3% after the social-media company said Tuesday co-founder Ben Silbermann is stepping down as chief executive and is being replaced by an e-commerce executive from Google.
  • Bed Bath & Beyond Inc. BBBY, -23.58% shares fell 23.6% after it announced disappointing fiscal first-quarter results and the ouster of its chief executive, Mark Tritton.
  • General Mills Inc. GIS, +6.35% shares rose 6.3% after beating quarterly expectations.

Other assets

  • The yield on the U.S. 10-year Treasury note BX:TMUBMUSD10Y declined by 11.5 basis points to 3.091%.
  • The ICE U.S. Dollar Index DXY, 0.57%  edged up 0.6%.
  • Bitcoin BTCUSD, 0.33%  fell 0.6% to trade near $20,020.
  • Oil prices fell, with WTI crude CL.1, down 1.8% to settle at $109.78 a barrel.
  • August gold futures GCQ22, -0.11% lost $3.70, or 0.2%, to settle at $1,817.50 an ounce.
  • Hong Kong’s Hang Seng HSI, -1.88% fell 1.9%; the Nikkei 225 in Japan slipped 0.9%; China’s Shanghai Composite SHCOMP, -1.40% shed 1.4% after President Xi Jinping reiterated that the regime’s strict COVID-19 policy was “correct and effective.”
Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Latest news

Air raid sirens blare in Ukraine as NATO meets to promise aid

Ody Team

Published

on

Air raid sirens blare in Ukraine as NATO meets to promise aid
Want create site? Find Free WordPress Themes and plugins.

KYIV, Nov 29 (Reuters) – The United States and NATO allies on Tuesday promised more arms for Kyiv and equipment to help restore Ukrainian power and heat knocked out by Russian missile and drone strikes, as air raid sirens blared across Ukraine for the first time this week.

Ukrainians fled the streets for bomb shelters, although the all-clear later sounded across the country apart from the front-line eastern province of Luhansk.

Officials remained vigilant: “Last time, the Russians also disguised the strike as a training flight…Let’s see,” said Vitaliy Kim, governor of southern Ukraine’s Mykolaiv region.

U.S. Secretary of State Antony Blinken and other foreign ministers from the NATO alliance began a two-day meeting in Bucharest, seeking ways both to keep Ukrainians safe and warm and to sustain Kyiv’s military through a coming winter campaign.

“NATO will continue to stand for Ukraine as long as it takes. We will not back down,” alliance General-Secretary Jens Stoltenberg said in a speech in Bucharest.

He told reporters Russian President Vladimir Putin was “trying to use winter as a weapon of war” as Moscow’s forces lose on the battlefield, and that Western allies would step in to help. British Foreign Secretary James Cleverly accused Putin of trying to “freeze the Ukrainians into submission”.

U.S. and European officials said the ministers would focus on military aid such as air defence systems and ammunition, as well as non-lethal aid including fuel, medical supplies, winter equipment and drone jammers, delivered through NATO.

“I hope we will agree on a quite significant package of non-lethal help,” Czech Foreign Minister Jan Lipavsky said.

ACCUMULATING DAMAGE

Russia has been carrying out huge attacks on Ukraine’s electricity transmission and heating infrastructure roughly weekly since October, in what Kyiv and its allies say is a deliberate campaign to harm civilians, a war crime.

Moscow says hurting civilians is not its aim but that their suffering will end only if Kyiv accepts its demands, which it did not spell out. Although Kyiv says it shoots down most of the incoming missiles, the damage has been accumulating and the impact growing more severe with each strike.

ALSO READ  Have a memorable birthday party! Recommended places for birthday parties

The worst attack so far was on Nov. 23, leaving millions of Ukrainians in cold and darkness. President Volodymyr Zelenskiy told Ukrainians at the start of this week to expect another soon that would be at least as damaging.

There are no political talks to end the war. Moscow has annexed Ukrainian territory which it says it will never relinquish; Ukraine says it will fight until it recovers all occupied land.

Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Latest news

The silhouette of SM Entertainment’s girl group trainees revealed

Odyssey News

Published

on

The silhouette of SM Entertainment's girl group trainees revealed
Want create site? Find Free WordPress Themes and plugins.

Trainees of one of the biggest idol group powerhouses, SM Entertainment, are always at the center of attention as they will be the next idols who will lead the K-pop industry in the new generation.

Recently, a photo garnered much attention after it was revealed it is the silhouette of the female trainees who are preparing to debut as the next SM Entertainment girl group.

K-netizens have gathered their attention on the new potential idols who will be leading the next generation of K-pop.

ALSO READ  5 TEDDYLICIOUS GIFTS TO GIFT ON TEDDY DAY

 

Netizens commented, “Wow, how old would they be,” “I think they are young, they probably debut at least two years later,” “Is the 4th one Haeun?” “I hope all of them who were revealed get to debut,” “I think Haeun will be part of the future idol girl group,” “How old is Haeun?? She’s perfect for the new group for next year or the year after,” “If she’s debuting the year after, she’ll be 16, perfect as the maknae member,” “Heol, where was this photo posted?” “I think they’ll debut in 2025,” “I really hope that the next girl group has a lot of members,” “Haeun is the YouTuber Haeun right?” and “I think they’re going to debut way later and there’s going to be a lot of changes in the member here too.”

Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Latest news

7 Things You Should Know About Getting More Work Done In Less Time: A blog about busywork, how to overcome procrastination and more.

Odyssey News

Published

on

7 Things You Should Know About Getting More Work Done In Less Time: A blog about busywork, how to overcome procrastination and more
Want create site? Find Free WordPress Themes and plugins.

Introduction

Whether you’re at home or in the office, there are always things to do and not enough time to do them. It’s easy to fall victim to busywork, procrastination and other time-wasters—but here are some tips that can help you get more done in less time:

You don’t have to be perfect, you just have to get started.

One of the best ways to get started is to make a list of all the things you want to do, and then prioritize it by importance. If you have something else on your mind that’s not on the list, try adding it.

Next, take each item and make a plan for how you’d like to accomplish it. For example, if you’ve decided that one of your tasks is going through your email inbox (which was probably my most stressful task), here are some things I would recommend:

  • Make sure you have an unread count enabled in Gmail or Outlook
  • Set aside time for yourself every day instead of trying to tackle everything in one sitting at once
  • Try setting up filters so that emails from certain people don’t show up in your inbox anymore (I have a filter set up so that emails from my boss don’t show up). That way when I come back tomorrow I won’t feel as overwhelmed by seeing all these new messages waiting for me!

Busywork is the enemy of productivity.

The first step toward avoiding busywork is understanding what it is. Busywork is the stuff we do when we don’t know what else to do, or when we’re trying to distract ourselves from something that’s uncomfortable or difficult. It’s usually unproductive, and often redundant in nature—if you keep doing something over and over again because you think you have to, chances are good that there’s a more efficient way of doing it.

Busywork can take many forms: unnecessary meetings; repetitive tasks like updating spreadsheets; excessive email checking; worrying about things that haven’t happened yet instead of focusing on the steps required for getting them done (a problem known as “analysis paralysis”). Even if these activities sound productive at first glance, take time out of your day to consider whether they’re actually contributing anything meaningful toward your goals—and if not, cut them out!

 

The best way to avoid busywork is to plan ahead so there’s no need for it in the first place. When faced with an unavoidable situation where no amount of planning could help (such as attending a meeting), decide beforehand how much time or energy should be dedicated toward actually participating in said meeting versus simply being present as an observer (or even better: leave early).

Keeping your space clean and organized can help you work better.

While it may seem like a good idea to keep your work space as messy and cluttered as possible, this is actually not the case. A clean workspace can help you focus on your work because it allows you to see everything at once. It also leaves room for creativity, which is something that many people forget about when they’re stressed out and feeling overwhelmed by their workload.

 

Keeping things organized will give you more time in the day to do what matters most: working! And when you do have any free time left over from doing actual work, why not put it towards cleaning up? Organizing your closet will save you lots of time later, and if you ever want to make some extra cash on the side then there are plenty of sites like Fiverr that let people sell tasks like these for as low as $5!

ALSO READ  How do new energy companies develop integrated energy business?

Some foods make you more alert, while others make you tired or unfocused.

Some foods make you more alert, while others make you tired or unfocused.

  • Sugar and caffeine: Caffeine is a stimulant that can give you an energy boost. It can also lead to short-term increases in blood pressure and heart rate, so be careful if you’re sensitive to these effects. Sugar is another stimulant that gives a temporary increase in energy levels but eventually causes fatigue when it wears off (thus the “sugar crash”).
  • Protein: Protein helps build muscle mass, which burns fat for energy instead of carbohydrates (sugar). It also helps regulate blood sugar levels and keeps your brain focused on tasks at hand instead of dreaming up errands to run.
  • Fatty acids: Omega-3 fatty acids are great for mental health as they play an important role in cell development and regeneration in the brain—particularly during childhood years when neural pathways are being established! They reduce inflammation throughout your body by blocking pro-inflammatory cytokines at inflammatory sites such as swollen joints or inflamed arteries brought on by high cholesterol levels due to unhealthy lifestyle choices such as smoking cigarettes or drinking beer every day after work before dinner time arrives—which usually happens sometime between 9pm – 10pm depending on how much milk has been drunk earlier during the day during lunchtime hours.

Use your calendar wisely to organize your time most effectively.

The most important thing to do is to use your calendar wisely. You need to schedule time for meetings, appointments and other important events. You also need to schedule time for yourself and your family, as well as relaxation and exercise.

 

A good way of doing this is by setting aside specific times in your day when you can work on each project or task. You should also set aside some time at the end of the day when you relax and unwind from all the hard work you did throughout the day.

Become an expert at what you do so that it doesn’t take as much time.

If you want to become an expert at something, there are three different ways to go about it:

  • Learn the basics and then practice. This is a good way to become an expert if you’re not already well-versed in what you want to learn. By learning all of the basics first, you’ll be able to understand how everything works and then get started on your project with confidence.
  • Learn from other people’s mistakes and successes. If there are any other people who have already done whatever it is that you’re trying to do and they’ve made mistakes while doing so or had success at times along the way, ask them for advice! They may not always have time or patience for this kind of thing but hopefully they’ll be willing enough at least once or twice so that they can help get some advice out there for others like yourself who might need it someday too someday soon down south somewhere near where my feet rest when I’m sleeping next door neighbors live close together but not quite close enough…?
ALSO READ  The true story of Barbora Skrlová, “The Orphan”

Don’t forget to schedule down time for yourself!

Taking a break is an important part of keeping your mind focused and productive. However, it can be easy to fall into the trap of feeling guilty about taking time off from work. When you’re not working, it’s easy to feel like you should be doing something productive instead.

That’s why it’s important to schedule down time. You need to make sure that you have some sort of non-work related activity scheduled for every single day so that your mind has time to rest and recharge itself before jumping back into another project or task list item on the next day. This will allow you not only avoid burnout but also give yourself a chance at getting more done by making sure that no matter what happens in your career journey (and there will always be something), whether it be good news or bad news, stressful deadlines or relaxed ones—you always have something planned where all of this can happen without having any negative impact on how effective our minds are when we get back home after being away from home all day long!

There are a number of ways to maximize your effectiveness and efficiency at work or school

  • Plan
  • Calendar
  • To-Do List
  • Checklist
  • To-Don’t List (if you’re a person who gets distracted easily)

You can also use an alarm clock to remind yourself of important tasks. For example, if your boss asked you to submit the report by 5pm, set the alarm for 4:55pm and then get started on the task at hand. Don’t waste time playing around with your phone or checking Facebook just before the deadline. If a task needs more than one hour to complete, break it down into smaller chunks so that it is easier to manage. And always avoid multitasking – it makes no sense whatsoever!

Conclusion

We hope these tips have helped you get more done in less time. If there’s one thing we know it’s that everyone is busy, but the key to staying productive and avoiding burnout is simple: keep your space organized, use your calendar wisely, be an expert at what you do so it doesn’t take as much time and don’t forget to schedule down time for yourself!

 

 

RUCHI RATHOR Founder & CEO Payomatix Technologies Pvt. Ltd.

FOUNDER AND INVESTOR | PAYMENTS PROCESSING EXPERT | MERCHANT ACCOUNT SOLUTIONS | WHITE LABELLED PAYMENT GATEWAY | Dreamer, Creator, Achiever, Constantly Evolving

 

Official website of Ruchi

Official website of Healing Heart

Instagram

LinkedIn

Facebook

Tumblr

Medium

Twitter

Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Trending