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Business news
WTI crude oil price forecast after the newest Saudi Arabia production cut
June 07, 2023 09:31 PM AEST| By InvezzThe energy market participants were stunt on Sunday as news broke out that Saudi Arabia will intervene solo in the oil market. In the past, it vowed not to do so without the support of big OPEC countries. But on Sunday, it decided to cut production b...
Here are the worst performing commodities in 2023
June 07, 2023 02:07 AM AEST| By InvezzCommodity prices are having a bad year. The closely watched Invesco Commodity Tracking Index (DBC) is hovering near the lowest level since February 2022. It has plunged by more than 27% from the highest level in 2022 and by 7% this year. While most c...
DIA, IWM, QQQ, SPY ETFs brace for a major liquidity crisis risk
June 06, 2023 02:36 PM AEST| By InvezzAmerican stocks have done well in the past few months as the macro environment improves. Invesco QQQ, which tracks the Nasdaq 100 index, has spiked by more than 37% this year, pushing it to the bull market. Similarly, the iShares Russell ETF (IWM), S...
Saudi Arabia to further cut oil production: ‘new norm will be $80 to $90’
June 06, 2023 01:49 AM AEST| By InvezzOil prices are in focus this morning after Saudi Arabia said it will lower production further from next month. Analyst reacts to the production cut Kingdom was the only constituent of OPEC+ that announced plans of cutting production by another one mi...
Australia’s domestic vanadium investments to support renewable energy battery sector
June 06, 2023 12:16 AM AEST| By InvezzVanadium is fast becoming an important commodity for Australia’s green manufacturing objectives and its vision of a sustainable economy. The metal has a silver-grey colour and is prized for its ductile properties, anti-corrosive nature, and lig...
Nasdaq 100 index: Morgan Stanley sees a moment of reckoning
June 05, 2023 07:11 PM AEST| By InvezzThe Nasdaq 100 index continued its bullish rally as risks to the American economy eased. The tech-heavy index surged to a high of $14,557, the highest level since April last year. In all, the index has surged by more than 39% from the lowest level in...
3 reasons why the CBOE VIX index has tumbled to 2020 lows
June 05, 2023 02:01 PM AEST| By InvezzThe VIX index tumbled to the lowest point since 2020 as concerns about the American economy eased and as stocks surged. The index was trading at $14.60, signaling that investors are getting upbeat about the American economy. It has dropped by more th...
QQQ and IVV ETFs: bull run returns as fear and greed jumps
June 03, 2023 01:04 AM AEST| By InvezzAmerican stocks are doing great as one of the biggest risks in the economy has dissipated. The closely-watched tech-heavy Invesco QQQ ETF has jumped by 32% this year while the iShares Core S&P 500 (IVV) has jumped by 11.12% this year. Return of t...
Is the Fed finally pausing interest rate hikes? Stocks hit 9-month highs
June 02, 2023 07:51 PM AEST| By InvezzUS stocks have hit a nine-month high, the S&P 500 adding 1% Thursday to close at its highest level since August 2022. The tech-heavy Nasdaq Composite also banked a nine-month high, increasing 1.3%. The boost came by virtue of the long-await...
Elon Musk meets with the foreign minister of China
May 31, 2023 02:42 AM AEST| By InvezzShares of Tesla Inc (NASDAQ: TSLA) opened up this morning as CEO Elon Musk met with senior officials in China. It’s his first visit to Beijing since the start of the pandemic. Analyst comments on Musk’s visit to China Most importantly, the billionair...
NASDAQ 100’s surge continues as NVIDIA joins the $1 trillion club
May 31, 2023 02:31 AM AEST| By InvezzThe NASDAQ-100 index is surging. It is up more than +32% YTD, and investors can’t get enough tech stocks as they wish. Several factors contributed to the resurgence. For example, some companies, such as Amazon (NASDAQ:AMZN) or Meta (NASDAQ:META...
3 overbought US sectors to watch in the months ahead
May 30, 2023 08:24 PM AEST| By InvezzEveryone is curious to know how the stock market will react to the debt ceiling deal announcement that happened over the weekend. Republicans and Democrats have reached an agreement, but we are yet to see the stocks’ reaction because the Memori...
IBEX 35 price forecast after yesterday’s red day for European equities
May 25, 2023 07:32 PM AEST| By InvezzEuropean equities tumbled yesterday as uncertainty dominates financial markets. With the debt ceiling deadline in the United States approaching fast, the bearishness of the US indices affects global equity markets. Diversification is key when buildin...
Is it time to buy silver? Here are 3 reasons to do so
May 25, 2023 05:16 PM AEST| By InvezzSilver followed on gold’s steps in May and dropped from the 2023 highs as the dollar strengthened. But despite the steep correction, silver might be a good addition to a portfolio for investors with a medium to long-term horizon. So here are th...
3 reasons to be bullish on the S&P 500 index
May 23, 2023 09:19 PM AEST| By InvezzFinancial markets are slow this May as investors await the end of the debt ceiling negotiations. As such, it is a good time to look at the bigger picture and focus on the long-term perspective. One thing strikes me as odd. While the Federal Reserve r...
Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood
May 23, 2023 12:07 AM AEST| By InvezzTesla Inc (NASDAQ: TSLA) opened in the green this morning after Cathie Wood said it was a top name for exposure to artificial intelligence. Wood’s bull case for Tesla stock In particular, the influential investor is convinced that autonomous ve...
SPDR S&P 500 ETF (SPY): Return of the raging bull?
May 22, 2023 10:56 PM AEST| By InvezzThe SPDR S&P 500 ETF Trust (SPY) ETF is hovering near the highest point since August last year despite the rising risks in the market. The SPY stock was trading at $420, which was 21% above the lowest level in 2021. Similarly, Invesco QQQ and Dow...
Here’s why QQQ is better than QYLD despite its 12% yield
May 22, 2023 05:22 PM AEST| By InvezzThe Global X Nasdaq 100 Covered Call ETF (QYLD) stock price has been in a strong bullish trend this year, helped by the strong performance of technology stocks. QYLD shares jumped to a high of $17.6, the highest level since May 5 last year. It...
Paul Tudor Jones says stocks will finish the year higher: here’s why
May 16, 2023 01:18 AM AEST| By InvezzPaul Tudor Jones, a billionaire hedge fund manager and veteran trader, has predicted that stocks will end the year higher. The investor noted this outlook via comments he made during an interview with CNBC’c “Squawk Box” on Monday....
U.S. CPI print today makes Amazon stock more attractive: here’s why
May 11, 2023 12:50 AM AEST| By InvezzS&P 500 opened up this morning after the Bureau of Labour Statistics reported inflation to have eased further in April. Quincy Krosby reacts to the CPI report today Versus a year ago, consumer prices were up 4.9% last month – 0.1% less than...
