Markit
- prior 51.3
- composite PMI 50.8 vs 51.3 expected
- 51.3 prior
Services drop - this has been the concern. German data up next.
Services drop - this has been the concern. German data up next.
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Consumer discretionary stocks tumble 7.7% post-earnings. MATW down 7.4%, FLWS down 18.9%, POOL down 19.3%. CSV up 8% revenue, but down 4.8%.
MLTX stock down 60% YTD, but fund buys $28M. High risk, potential reward in clinical trials.
VOYA's 12% loss vs S&P's flat return. Mediocre growth, but TBVPS up 17.8%. 6.7x P/E valuation too risky.
US shale producers eye $63.4B cash boost at $100/bbl oil, but volatility risks linger.
Oil prices hover near $95-$100 amid Middle East supply risks & strategic reserve releases. Volatility reigns.
Oil dips 4% to $94.75, easing inflation fears. S&P 500 jumps 1.2%. PTON, OPEN, LEVI rally.
CBA says rising oil prices from Iran war could weaken yen via trade balance Rising oil prices could keep USD/JPY supported
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