$BLUE
Bluebird bio Inc
PRICE
$3.3 β²0.61%
Extented Hours
VOLUME
2,301,302
DAY RANGE
2.98 - 3.29
52 WEEK
2.89 - 23.28
Join Discuss about BLUE with like-minded investors
@trademaster #TradeHouses
By Andrew Galbraith SHANGHAI (Reuters) - Asian share markets slipped on Thursday on persistent concerns over growth in China and worries about the Federal Reserve's intent to tighten policy quickly, confirmed in minutes of the early May rate-setting meeting released overnight. While Wall Street closed higher after the minutes, which showed a majority of Fed policymakers backed half-percentage-point rate hikes in June and July along with a unanimous view the economy was strong, the mood was subdued in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6%, taking losses for the month to 5%. Australian shares were down 0.47%, while Japan's Nikkei stock index slid 0.17%. In early European trading, the pan-region Euro Stoxx 50 futures were down 0.14%, as were German DAX futures. "It's very difficult for investors to navigate this market at the moment with high inflation, slower growth, rising interest rates and concerns about the Chinese (COVID-19) predicament, but also stagflation is looming as a potential issue at the same time," said Ryan Felsman, a senior economist at fund manager CommSec. The falls in Asia contrasted with a more upbeat mood on Wall Street, where the Dow Jones Industrial Average rose 0.6%, the S&P 500 gained 0.95% and the Nasdaq Composite added 1.51%. [.N] All participants at the Fed's May 3-4 meeting supported a half-percentage-point rate increase - the first of that size in more than 20 years - and "most participants" judged that further hikes of that magnitude would "likely be appropriate" at the Fed's policy meetings in June and July, according to minutes from the meeting While some investors worry that overly aggressive interest rate hikes by the Fed could tip the economy into recession, Wednesday's minutes seemed to suggest the Fed would pause its tightening streak to assess the impact on growth. The immediate attention is on Thursday's Commerce Department release of its second take on first-quarter GDP, which analysts expect to show a slightly shallower contraction than the 1.4% quarterly annualised drop originally reported. "The Fed will be crossing their fingers for Q1 GDP to be upwardly revised today, because another print of -1.4% or worse could exacerbate concerns of stagflation," Matt Simpson, senior market analyst at broker City Index, wrote. Elsewhere in Asia, South Korea's central bank raised interest rates for a second consecutive meeting as it grapples with consumer inflation at 13-year highs. Chinese blue-chips fell initially, but recovered as the day progressed after a drop in daily COVID-19 cases in the country, where lockdowns aimed at curbing the spread of the virus threaten to undermine recent economic support measures. Mainland markets also seemed to seek relief in commments from Premier Li Keqiang on Wednesday that China will strive to achieve reasonable economic growth in the second quarter and stem rising unemployment. After rising on Wednesday following the Fed minutes, the dollar was little changed in Asia trade. It was barely changed against the yen at 127.30, while the euro was almost flat at $1.0675. The dollar index, which tracks the greenback against a basket of major peers was just 0.13% higher at 102.20. Moves in U.S. Treasury yields were also muted. The 10-year yield edged up to 2.781% and the policy-sensitive two-year yield was flat at 2.502%. Crude oil was steady after a cautious rally this week, with Brent crude flat at $114.03 per barrel and U.S. crude up 0.13% at $110.47. Spot gold was down 0.2% at $1,849.19 per ounce. [GOL/]
31 Replies 7 π 11 π₯
@Navneet #droscrew
HOW BAD IS INFLATION? My neighbour got a pre-declined credit card in the mail. CEO's are now playing miniature golf. Exxon-Mobil laid off 25 Congressmen. I saw a Mormon with only one wife. McDonald's is selling the 1/4 ouncer. Angelina Jolie adopted a child from America. Parents in Beverly Hills fired their nannies and learned their children's names. A truckload of Americans was caught sneaking into Mexico. Americans sneaking into India to settle down after retirement A picture is now only worth 200 words. The Treasure Island casino in Las Vegas is now managed by Somali pirates. Called to get Blue Book Value on my car. They asked if the gas tank was full or empty π€£π€£π€£
42 Replies 15 π 11 π₯
@trademaster #TradeHouses
By Wayne Cole SYDNEY (Reuters) - Asian shares slid on Tuesday as relief at a rally on Wall Street was punctured by a retreat in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise from the ECB. After ending Monday firmer, Nasdaq futures lost 1.5%, with traders blaming an earnings warning from Snap (NYSE:SNAP) which saw shares in the Snapchat owner tumble 28%. S&P 500 futures slipped 0.9%, surrendering some of Monday's 1.8% bounce. EUROSTOXX 50 futures fell 0.5% and FTSE futures 0.6%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.8% in hesitant trading. Japan's Nikkei fell 0.8% and Chinese blue chips 1.1%. Markets had taken some comfort from U.S. President Joe Biden's comment on Monday that he was considering easing tariffs on China, and from Beijing's ongoing promises of stimulus. Unfortunately, China's zero-COVID policy, with attendant lockdowns, has already done considerable economic damage. "Following disappointing April activity data, we have downgraded our China GDP (gross domestic product) forecast again and now look for 2Q GDP to contract 5.4% annualised, previously β1.5%," warned analysts at JPMorgan (NYSE:JPM). "Our 2Q global growth forecast stands at just 0.6% annualised rate, easily the weakest quarter since the global financial crisis outside of 2020." Early surveys of European and U.S. manufacturing purchasing managers for May due on Tuesday could show some slowing in what has been a resilient sector of the global economy. Japan's manufacturing activity grew at the slowest pace in three months in May amid supply bottlenecks, while Toyota announced a cut in its output plans. Analysts have also been trimming growth forecasts for the United States given the Federal Reserve seems certain to hike interest rates by a full percentage point over the next two months. The hawkish message is likely to be driven home this week by a host of Fed speakers and minutes of the last policy meeting due on Wednesday. The European Central Bank is also turning more hawkish, with President Christine Lagarde surprising many by opening the door for a rate rise as early as July. That saw the euro at $1.0665, having bounced 1.2% overnight in its best session since early March. It now faces stiff chart resistance around $1.0756. The dollar also retreated versus sterling and a range of currencies, taking the dollar index down 0.9% overnight. It was last up a fraction at 102.240. Meanwhile the euro had jumped sharply to 136.05 Japanese yen, while the dollar faded a little to 127.65 yen. The pullback in the dollar helped gold regain some ground to $1,855 an ounce. [GOL/] Oil prices were caught between worries over a possible global downturn and the prospect of higher fuel demand from the U.S. summer driving season and Shanghai's plans to reopen after a two-month coronavirus lockdown. [O/R] U.S. crude eased 66 cents to $109.63 per barrel, while Brent lost 70 cents to $112.74.
110 Replies 11 π 14 π₯
@trademaster #TradeHouses
By Andrew Galbraith SHANGHAI (Reuters) - Asian shares jumped on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth. China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown by reviving the housing sector. The five-year rate influences the pricing of mortgages. MSCI's broadest index of Asia-Pacific shares outside Japan quickly built on early gains after the cut and was last up more than 1.8%. European equities were set to follow Asia's lead, with pan-region Euro Stoxx 50 futures, German DAX futures and FTSE futures all up more than 1%. Chinese blue-chips also rose 1.8%, boosted by foreign buying, and Hong Kong's Hang Seng index jumped more than 2%, while Australian shares rose 1.1%. In Tokyo, the Nikkei stock index gained 1.3%. "While it certainly will not suffice to reverse growth headwinds in Q2, (the cut) constitutes a move in the right direction so markets might be reacting to expectations of stronger easing going forward," said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. Despite the gains in Asian shares, MSCI's All-Country World Price Index remained headed for its seventh straight week in the red, the longest such stretch since its inception in 2001. It would also be the longest including back-tested data extending to January 1988. Concerns over the impact of battered supply chains on inflation and growth have prompted investors to dump shares, with Cisco Systems Inc (NASDAQ:CSCO) on Thursday tumbling to an 18-month low after it warned of persistent component shortages, citing the impact of China's COVID lockdowns. On Friday, China's financial hub of Shanghai bruised residents' hopes for a smooth end to restrictions as it announced three new COVID-19 cases outside of quarantined areas - though plans to end a prolonged city-wide lockdown on June 1 appeared to remain on track. Industrial output in the city shrank more than 60% in April from a year earlier due to the impact of coronavirus restrictions. "The focus of (Chinese) officials has been to come up with easing policies to mitigate the impact of COVID suppression ... The problem is that such easing policies will not have any real impact so long as the COVID suppression policy is tightly enforced," said Christopher Wood, global head of equities at Jefferies. The gains in Asia came after a late rally on Wall Street petered out, leaving the Dow Jones Industrial Average down 0.75%, the S&P 500 0.58% lower and the Nasdaq Composite off by 0.26%. STRONGER YUAN In the currency market, the dollar index retreated from small earlier gains to nudge down 0.12% to 102.79, heading for its first losing week in seven. Moves elsewhere were muted, with the dollar just on the stronger side of flat against the safe-haven yen at 127.76. The euro was barely higher at $1.0586, erasing earlier losses. China's onshore yuan logged bigger moves, turning around from a 0.32% dip to strengthen to a two-week high of 6.6699 per dollar. The more freely traded offshore yuan also hit a two-week high at 6.6855 per dollar. While longer-dated U.S. government bond yields ticked higher following China's LPR cut, mirroring gains in equities, they later moderated. The U.S. 10-year yield was last at 2.855%, flat from Thursday's close, and down from a top of 2.922% earlier on Friday. The two-year yield climbed to 2.6327% compared with a U.S. close of 2.611%. Crude prices pared losses after China's LPR announcement but later extended falls on worries a demand recovery could falter. Brent crude was last down 0.53% at $111.45 per barrel and U.S. West Texas Intermediate crude was 1.21% lower at $110.85 per barrel. Gold bounced higher and was set for its first weekly gain since mid-April, helped by the weaker dollar. Spot gold, rose 0.26% to $1,846.49 per ounce. [GOL/]
86 Replies 10 π 14 π₯
@Suspex #Emporos Research
Labeled Red are Weekly nPOC, Blue that extend to the right of the screen are daily nPocs
106 Replies 10 π 15 π₯
@mat #FOREX
blue is 1,11+, normal is green, yell, red, but this isnt normal tehn we wll see green
126 Replies 8 π 12 π₯
@mat #FOREX
see my h4 (day-s) lines green, yellow, red and then blue i see it on any tf
117 Replies 15 π 10 π₯
@trademaster #TradeHouses
By Wayne Cole SYDNEY (Reuters) - Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the fall forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. "The data paint a picture of a stalling economy and one in need of more aggressive stimulus and a rapid easing of COVID restrictions, neither of which are likely to be forthcoming anytime soon," said Mitul Kotecha, head of emerging markets strategy at TD Securities. "China's weaker growth trajectory will add to pressure on its markets and fuel a further worsening in global economic prospects, weighing on risk assets. We expect further CNY depreciation." In Europe, EUROSTOXX 50 and FTSE futures both eased 0.3%. S&P 500 stock futures lost early gains to drop 0.6%, while Nasdaq futures fell 0.5%. Both are far from last year's highs, with the S&P having fallen for six straight weeks. China's central bank had also disappointed those hoping for a rate easing, though on Sunday Beijing did allow a further cut in mortgage loan interest rates for some home buyers. Monday's data overshadowed news that Shanghai aimed to reopen broadly and allow normal life to resume from June 1. Chinese blue chips shed 0.8% in reaction, while commodity currencies took a knock led by the Australian dollar which is often used as a liquid proxy for the yuan. MSCI's broadest index of Asia-Pacific shares outside Japan lost early gains to stand flat, following a slide of 2.7% last week, when it hit a two-year low. Japan's Nikkei clung to gains of 0.5%, having lost 2.1% last week even as a weak yen offered some support to exporters. Sky-high inflation and rising interest rates drove U.S. consumer confidence sink to an 11-year low in early May and raised the stakes for April retail sales due on Tuesday. DOWNGRADING GROWTH A hyper-hawkish Federal Reserve has driven a sharp tightening in financial conditions, which led Goldman Sachs (NYSE:GS) to cut its 2022 GDP growth forecast to 2.4%, from 2.6%. Growth in 2023 is now seen at 1.6% on an annual basis, down from 2.2%. "Our financial conditions index has tightened by over 100 basis points, which should create a drag on GDP growth of about 1pp," said Goldman Sachs economist Jan Hatzius. "We expect that the recent tightening in financial conditions will persist, in part because we think the Fed will deliver on what is priced." Futures imply 50 basis-point hikes in both June and July and rates between 2.5-3.0% by year end, from the current 0.75-1.0%. Fears that the tightening will lead to recession spurred a rally in bonds last week, which saw 10-year yields drop 21 basis points from peaks of 3.20%. Early Monday, yields were easing again to reach 2.91%. The pullback saw the dollar come off a two-decade top, though not by much. The dollar index was last at 104.560, and within spitting distance of the 105.010 peak. The euro stood at $1.0403, having got as low as $1.0348 last week. The dollar did lose ground on the yen, which seemed to get a safe-haven bid in the wake of the China data, slipping to 129.02 yen. In cryptocurrencies, Bitcoin was last up 2% at $30,354, having touched its lowest since December 2020 last week following the collapse of TerraUSD, a so-called stablecoin. In commodity markets, gold was pressured by high yields and a strong dollar and was last at $1,809 an ounce having shed 3.8% last week. Oil prices reversed course as the dire Chinese data rekindled worries about demand. Brent lost $2.31 to $109.24, while U.S. crude shed $2.14 to $108.35.
86 Replies 10 π 9 π₯
Key Metrics
Market Cap
225.79 M
Beta
1.90
Avg. Volume
2.33 M
Shares Outstanding
71.45 M
Yield
0%
Public Float
0
Next Earnings Date
2022-08-09
Next Dividend Date
Company Information
bluebird bio is pioneering gene therapy with purpose. From its Cambridge, Mass., headquarters, they're developing gene and cell therapies for severe genetic diseases and cancer, with the goal that people facing potentially fatal conditions with limited treatment options can live their lives fully. Beyond their labs, the companyΒ is working to positively disrupt the healthcare system to create access, transparency and education so that gene therapy can become available to all those who can benefit.
Website: www.bluebirdbio.com
HQ: ,
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