$CASH

Meta Financial Group Inc.

  • NASDAQ
  • Finance
  • Savings Banks
  • Major Banks
  • Finance and Insurance
  • Savings Institutions

PRICE

$41.255 โ–ฒ1.428%

Last Close

VOLUME

304,230

DAY RANGE

39.11 - 41.33

52 WEEK

35.98 - 65.75

Join Discuss about CASH with like-minded investors

profile
@nepestheone #StockTraders.NET
21 minutes ago

ive been trading options with cash account using only 15 mins supply and demand zones on spy and qqq

7 Replies 10 ๐Ÿ‘ 11 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
2 hours ago

By Wayne Cole SYDNEY (Reuters) - Global share markets started in haphazard fashion on Monday as soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds. The search for safety kept the U.S. dollar near 20-year highs, though early action was light with U.S. markets on holiday. Cash Treasuries were shut but futures extended their gains, implying 10-year yields were holding around 2.88% having fallen 61 basis points from their June peak. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after losing 1.8% last week. Japan's Nikkei added 0.6%, while South Korea fell 0.8%. Chinese blue chips edged up 0.3%, though cities in eastern China tightened COVID-19 curbs on Sunday amid new coronavirus clusters. EUROSTOXX 50 futures added 0.5% and FTSE futures 0.8%. However, both S&P 500 futures and Nasdaq futures eased 0.7%, after steadying just a little on Friday. David J. Kostin, an analyst at Goldman Sachs (NYSE:GS), noted that every S&P 500 sector bar energy saw negative returns in the first half of the year amid extreme volatility. "The current bear market has been entirely valuation-driven rather than the result of reduced earnings estimates," he added. "However, we expect consensus profit margin forecasts to fall which will lead to downward EPS revisions whether or not the economy falls into recession." Earnings season starts of July 15 and expectations are being marked lower given high costs and softening data. The Atlanta Federal Reserve's much watched GDP Now forecast has slid to an annualised -2.1% for the second quarter, implying the country was already in a technical recession. The payrolls report on Friday is forecast to show jobs growth slowing to 270,000 in June with average earnings slowing a touch to 5.0%. RATES UP, THEN DOWN Yet minutes of the Fed's June policy meeting on Wednesday are almost certain to sound hawkish given the committee chose to hike rates by a super-sized 75 basis points. The market is pricing in around an 85% chance of another hike of 75 basis points this month and rates at 3.25-3.5% by year end. "But the market has also moved to price in an increasingly aggressive rate cut profile for the Fed into 2023 and 2024, consistent with a growing chance of recession," noted analysts at NAB. "Around 60bps of Fed cuts are now priced in for 2023." In currencies, investor demand for the most liquid safe harbour has tended to benefit the U.S. dollar, which is near two-decade highs against a basket of competitors at 105.100. The euro was flat at $1.0429 and not far from its recent five-year trough of $1.0349. The European Central Bank is expected to raise interest rates this month for the first time in a decade, and the euro could get a lift if it decides on a more aggressive half-point move. The Japanese yen also attracted some safe haven flows late last week, dragging the dollar back to 135.23 yen from a 24-year top of 137.01. A high dollar and rising interest rates have not been kind to non-yielding gold, which was pinned at $1,812 an ounce having hit a six-month low last week. [GOL/] Fears of a global economic downturn also undermined industrial metals with copper hitting a 17-month low having sunk 25% from its March peak. [MET/L] Oil prices wobbled as investors weighed demand concerns against supply constraints. Output restrictions in Libya and a planned strike among Norwegian oil and gas workers were just the latest blows to production. [O/R] Brent slipped 1 cent to $111.62, while U.S. crude eased 10 cents to $108.33 per barrel. (Reorting by Wayne Cole; Editing by Sam Holmes & Shri Navaratnam)

31 Replies 9 ๐Ÿ‘ 8 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

they got a bucket load of cash now, so in fact they would be one of the last to go bankrupt but things could be survivable but have a much lower stock price

65 Replies 15 ๐Ÿ‘ 10 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

yeah ..... $AMD now no debt i think and throwing off cash...in this environment thats decent and no dip in semi demand ....yet!!!!

72 Replies 9 ๐Ÿ‘ 9 ๐Ÿ”ฅ

profile
@Jonove #droscrew
recently

Bodegas are barely surviving by giving out cash in exchange for WIC money

77 Replies 7 ๐Ÿ‘ 11 ๐Ÿ”ฅ

profile
@Atlas #Emporos Research
recently

eurusd has been passing a lot of cash , the 1.04 and below is a great entry

103 Replies 6 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

https://cryptonews.com/news/cbdcs-an-investment-protect-fiat-system-cash-will-disappear-swedish-central-banker-says.htm

42 Replies 13 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@CarlosH-carvan #ivtrades
recently

$VIX low activity....imho is investors selling position to get cash

99 Replies 10 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

https://cointelegraph.com/news/harmony-hacker-sends-stolen-funds-to-tornado-cash-mixer

134 Replies 15 ๐Ÿ‘ 8 ๐Ÿ”ฅ

profile
@Navneet #droscrew
recently

i did see this news ! should i avg my stocks then ? $pins > @dros said: $PINS mentioned as top buyout candidate at boutique firm , $SHOP mentioned as the buyer. "Shop needs to remain acquisitive ( ~$7bn of net cash) to kickstart advertising and its Shop Ap.

101 Replies 9 ๐Ÿ‘ 11 ๐Ÿ”ฅ

profile
@dros #droscrew
recently

$PINS mentioned as top buyout candidate at boutique firm , $SHOP mentioned as the buyer. "Shop needs to remain acquisitive ( ~$7bn of net cash) to kickstart advertising and its Shop Ap.

141 Replies 15 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@Jonove #droscrew
recently

VIX tanked and puts were fucked. WE RALLY on housing news and banks having more cash than God

111 Replies 11 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@Andrzej #decarolis
recently

Chiuso anche il long, tanto 100% della posizione ho fatto va piรน che bene. Poi se ci saranno i condizioni dopo la correzione lo rientro. Intanto ho preferito incassare il cash.

114 Replies 15 ๐Ÿ‘ 7 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

**jasonzweigwsj:** my latest take on cash: https://t.co/yMaDT440GT https://t.co/F90eR3RusQ https://twitter.com/jasonzweigwsj/status/1540034317174325250

132 Replies 10 ๐Ÿ‘ 9 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

**jasonzweigwsj:** Heard on the Street: Americans have something that they usually lack heading into a recession: a lot of cash https://t.co/bxApG6sEWP via @WSJ https://twitter.com/jasonzweigwsj/status/1540034225063198720

114 Replies 14 ๐Ÿ‘ 9 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

Short squeeze going on in $VRM...COMPANY VALUED AT ABOUT 1/3 OF CASH and 30% short...feels like its organised

92 Replies 7 ๐Ÿ‘ 6 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
recently

By Huw Jones LONDON (Reuters) - Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on Thursday as investors weighed the risk of hefty interest rate rises tipping economies into recession. Tech-laden Nasdaq futures were up 1%, while S&P500 futures gained 0.7%. Stronger U.S. futures helped shares in Europe, reverse an earlier fall to a 2022 low on the back of dismal economic data in Germany and France. Crude oil also recouped earlier losses but copper remained at 16-month lows as fears of a slowdown cast a pall over the red metal. U.S. Treasury yields remained lower on Thursday after Federal Reserve Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee on Wednesday, underlined the central bank's commitment to cutting inflation at all costs and acknowledged a recession was "certainly a possibility". "Powell said (money markets) are appropriately priced, which means we are going to double the Fed funds rate this year," said Jeremy Schwartz, global chief investment officer at Wisdom Tree Investments. "Coming into this year, we thought you might be able to avoid (recession) this year, but certainly the data has started to come in much more negative," Schwartz said. In a further sign of market caution, JPMorgan (NYSE:JPM) analysts said more investors were turning to cash, surpassing its previous peak in March 2020, when markets went into a tailspin due to COVID-19 lockdowns. The German economy, Europe's largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers' Index, while corresponding figures for France also showed weaker activity. UniCredit bank said the data, which sent euro zone bond yields plunging, was sounding an alarm bell, suggesting that growth momentum might be weakening sooner and more quickly than expected. Prices of copper and crude oil fell on prospects of less demand for fuel and building materials as consumers limit spending. "Copper has always been the lead indicator commodity for economic growth," said Patrick Spencer, vice chairman of equities at Baird Investment Bank. The MSCI all-country share index was down 0.14%, off its low for the day, adding to its slide of more than 20% for the year. "A slowdown is coming and it's really about degree," said Michael Hewson, chief markets analyst at CMC Markets. Spencer said there has been so much damage to stock markets that they had largely discounted a recession already. "If you look at the data, I think at worst what you are looking at is, maybe, a mild recession. I believe the markets are in a bottoming process, and maybe you've only got another 5% downside," Spencer said. CHINA FINTECH Stocks in Asia were mixed, with South Korea down 1.2% while China's blue chips rose 1.7%, and Japan's Nikkei was flat. Chinese tech shares in Hong Kong staged a strong rebound, rising 2.8%, after Chinese President Xi Jinping chaired a top-level meeting that approved a plan for further development of large payment firms and the fintech sector. Concerns about the demand outlook have sapped commodity prices, with oil tumbling on Thursday to the lowest in more than a month. Brent crude was down 0.3% at $111.46 a barrel and U.S. crude declined 0.36% to $105.81 a barrel, both well off their lows of the day. Iron ore was already at six-month lows, having lost more than 20% in recent weeks, while copper struck a 16-month trough. The yield on benchmark 10-year Treasury notes was down slightly, at 3.1337%. The two-year yield, which rises with traders' expectations of higher Fed fund rates, eased to 3.0398%, compared with a U.S. close of 3.056%. In foreign exchange markets, the dollar rose 0.340%against a basket of major currencies. The index was up more than 8% this year, reflecting the broad risk-off sentiment and the dollar's Fed-driven yield advantage. Gold was slightly lower, with spot prices traded at $1,827 per ounce, down 0.5% on the day. [GOL/]

62 Replies 8 ๐Ÿ‘ 6 ๐Ÿ”ฅ

profile
@singletary #StockTraders.NET
recently

Prally cash up and take a break. not much I like anymore

93 Replies 14 ๐Ÿ‘ 13 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
recently

By Scott Kanowsky Investing.com -- Shares in Spirit Airlines (NYSE:SAVE) rose sharply on Tuesday after JetBlue Airways (NASDAQ:JBLU) sweetened its takeover offer for the U.S. budget carrier. JetBlue's latest proposal comes ahead of a special meeting of Spirit shareholders on June 30th, where they will likely vote on a rival bid from low-cost airline Frontier. On Monday, JetBlue unveiled a new all-cash bid of $33.50 per share - an increase of 6.3% compared to its previous proposal and a 68% premium to the implied value of Frontier's cash-and-stock offer. It also said it would now pay $350M if the deal is eventually blocked over antitrust fears, up from Frontier's offer of $250M in early June. JetBlue added it would accept more divestments to counter potential regulatory concerns, including a plan to sell Spirit's assets in New York and Boston. JetBlue already has a strong presence in the U.S. Northeast through a separate deal with American Airlines (NASDAQ:AAL) that is already the subject of a Justice Department lawsuit. In its latest offer, JetBlue did not commit to abandoning that alliance to secure its purchase of Spirit. โ€œOur previous proposal was met with an extremely positive reaction from Spirit stockholders, and we believe they will be even more pleased with these improved terms, including additional regulatory commitments that reflect our confidence in our ability to obtain antitrust approval and are a direct result of our diligence," said JetBlue CEO Robin Hayes in a statement. Shares in JetBlue edged lower in early U.S. trading, while Frontier Group Holdings, Inc. (NASDAQ:ULCC) shares moved slightly higher.

90 Replies 14 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@PivotBoss #P I V O T B O S S
recently

**PivotBoss Pre-Market Video [June 21, 2022]: Short Term Strength Coming?** JUNE 21, 2022 โ€” TUESDAY AM The ES and NQ are both over-extended to the downside over the last two weeks, and could see short term strength soon, especially if prices can take out the previous week's midpoints. Above 3760 opens up wHI at 3875 in the ES, and above 11,445 opens up wHI at 11800 in the NQ. Keep in mind, any strength is likely to be considered short term, as bears will look to sell the rips. Crude Oil may have given up the 115 market structure level, which could open up 95s below. BTC and ETH saw cash prices drop over the weekend, but futures remain within narrow ranges. While a modest bounce could be seen ahead, there's still more downside ahead.

41 Replies 11 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@lueley #BTC-ECHO
recently

Ist eins der Probleme. Der meltdown der ganzen protokolle steht in Verbindung mit steth und weiteren synthetischen eth Derivaten. Der verkaufsdruck bei diesen ist aktuell so hoch, dass sie sogar unpeggen von eth selbst. Um liquide zu sein mรผssen diese gestakten und gelendeten eths in cash gewechselt werden.

74 Replies 12 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@CarlosH-carvan #ivtrades
recently

Listen, if no news coming tonight, tomorrow will be gapping up....Is an opportunity to recovery cash and wait....We have more than 11,000 stocks to trade, dont loss time in ETf's...is imho...

77 Replies 12 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

yeah true but i dont hold it for a longtime...i think it probably gets bought ...but maybe not.... its not much above cash here and sales are growing rapidly..... its a bio though...under full manipulation

146 Replies 10 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@dros #droscrew
recently

Jon Gray of Blackstone: โ€œyou have to own businesses where cash flows can still grow. Hard assets with short duration income. Infrastructure, Logistics, Rental Housing. Where you donโ€™t have a lot of exposure to input costs, do have big margins, and strong fundamentals". RIP MEME

134 Replies 10 ๐Ÿ‘ 11 ๐Ÿ”ฅ

profile
@maletone #StockTraders.NET
recently

and mostly cash

49 Replies 9 ๐Ÿ‘ 6 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

the thing is the media hid the truth about Bidens mental decrepitude and his cash for access scheme thru his son.... thats despicable. They all hated Trump so much if Dems had put up a monkey in a skirt they would have towed the line.

75 Replies 14 ๐Ÿ‘ 6 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
recently

By Marc Jones LONDON (Reuters) - European markets trimmed gains after the European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears of a new debt crisis before what is expected to be one of the sharpest U.S. rate hikes since 1994. Hopes of a quiet run in to what is forecast to be a three-quarter-point hike by the Federal Reserve later on Wednesday were quickly dashed as the ECB's unexpected meeting - less than week after its last scheduled one - prompted a rush of activity. The ECB said it would be flexible in reinvesting cash maturing from its recently-ended 1.7 trillion euro ($1.8 trillion) pandemic support scheme and would consider a fresh instrument to be devised by staff, disappointing some investors who were looking for bolder steps. The euro which was up as much as 0.3% before the statement, trimmed gains and was marginally weaker on the day at $1.0407 Italy's 10-year bond yield, which stands to benefit the most from the ECB's plans, was last down 25 basis points on the day at 3.97%, above its session low of around 3.87%. Spanish and Portuguese 10-year yields also came off their day's lows but were still sharply down on the day.. "I think essentially it is the bare minimum of what could be expected, but I also believe it's the most realistic outcome of what they could compromise (on) today," said Piet Christiansen, chief analyst at Danske Bank in Copenhagen. ) " onerror="this.style.display='none'" class="msg-img" /> INFLATION FEARS The worries about rising borrowing costs and global inflation have been hammering financial markets all year. World stocks are down over 20%, bond markets have been routed and fears that drastic Fed action could tip the world into recession means the U.S. central bank's moves later will be crucial for traders. Treasury yields had hit decade highs overnight and the dollar a 20-year peak as futures implied it was near-certain the Fed would hike by 75 basis points to a range of 1.50-1.75%. That would be the biggest increase since 1994, and markets already have rates reaching an eye-watering 3.75-4.0% by the end of the year. "Against a backdrop of sky-high inflation, rising rates, and growing recession concerns, the S&P 500 has had its worst start to the year since 1962," analysts at Goldman Sachs (NYSE:GS) said. "A likely coming peak in inflation is probably not sufficient to see the bottom..." They recommended that investors reduce portfolio duration and increase exposure to real assets. With so much priced in, a few brave investors, also buoyed by the ECB, were looking for bargains and S&P 500 futures were up 0.7%, while Nasdaq futures rose 0.75% and Dow futures added 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan was closing almost flat, but is down sharply on the week. Japan's Nikkei lost 1.1%, though sentiment was helped by a survey showing an improvement in confidence among Japanese manufacturers. Chinese shares bucked the trend with a gain of 1.3%. Data on Chinese retail sales and industrial output for May were a little better than forecast, but still showed the drag from coronavirus lockdowns. Authorities in Beijing said on Tuesday the city was in a "race against time" to get to grips with its most serious outbreak since the pandemic began. ) " onerror="this.style.display='none'" class="msg-img" /> WHATEVER IT TAKES 2.0? The ECB's move allowed bond markets everywhere to rally after their recent hammering, with German Bund yields swooping down to 1.67% and 10-year Treasury yields dropping to 3.37% from Tuesday's peak of 3.498%. Two-year yields stood at 3.30%, after touching the highest since 2007 at 3.456% overnight. Given many U.S. borrowing rates are linked to yields, financial conditions have already tightened markedly there even before the Fed hikes. ECB chief Christine Lagarde is due to speak in London at 1600 GMT. It is almost a decade since her predecessor Mario Draghi did the same at the height of the euro zone debt crisis. "I think Lagarde will try to do 'whatever it takes' 2.0 tonight" Lorenzo Codogno founder of LC Macro Advisers, said describing the current situation as a perfect storm. "But the markets won't be happy if she comes empty-handed." U.S. Treasury yields are the benchmark for bonds worldwide, so financial conditions are tightening pretty much everywhere. That is a major headwind for consumer spending power, while pressuring emerging market countries that borrow in dollars. It has also tended to boost the U.S. dollar, which had hit a 20-year high against a basket of currencies before the ECB's news, led by big gains on the low-yielding Japanese yen. The dollar flop in Europe left it trading at 134.5 yen, having reached heights last visited in 1998 at 135.60. Those gains had come as the Bank of Japan ramped up its bond buying to keep yields near zero, even as much of the rest of the world tightens policy. Still, the sheer pressure on the yen and bonds has stoked speculation the BOJ could be forced to amend its yield control policy at a meeting on Friday. Surging yields, inflation and a sky-high dollar have been a burden for gold, which was near its lowest in a month at $1,826 an ounce. [GOL/] Oil prices stumbled after the Organization of the Petroleum Exporting Countries (OPEC) stuck to its forecast that world oil demand will exceed pre-pandemic levels in 2022. [O/R] Brent was almost a dollar softer at $120.60, while U.S. crude dipped $1.23 cents to $117.70 per barrel.

42 Replies 10 ๐Ÿ‘ 10 ๐Ÿ”ฅ

profile
@AntonioMangano #decarolis
recently

Molto interessante, รจ un bias molto simile a quello sui mercati azionari. Nell'articolo hanno dato una motivazione plausibile, ovvero quella di passare dalle azioni alle crypto quando chiude wall street, ma secondo me il motivo principale รจ sempre quello che ho individuato anche sulle azioni: durante la fase cash del mercato azionario ci sono piรน speculatori ribassisti di breve, mentre nella fascia overnight restano in essere piรน posizioni di lungo periodo che sono per lo piรน rialziste (fondi, gestioni, ecc) > @Renato_Decarolis said: https://www.bloomberg.com/news/articles/2022-06-12/why-bitcoin-sees-most-of-its-gains-while-us-traders-are-asleep?cmpid=BBD061222_MKT&utm_medium=email&utm_source=newsletter&utm_term=220612&utm_campaign=marketsasia&sref=hLmSV0Il

108 Replies 13 ๐Ÿ‘ 10 ๐Ÿ”ฅ

profile
@gcaps #Zona Trading
recently

yo estoy sitting on cash y cuando los PE RATIOS, la inflaciรณn tenga aceleraciรณn negativa y los big boys acumularon

68 Replies 13 ๐Ÿ‘ 6 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

**howardlindzon:** cash cash cash โ€ฆ but this means some wacky event is at hand https://t.co/flJUxlXoxa https://twitter.com/howardlindzon/status/1535348465206714369

121 Replies 12 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@Benlax #droscrew
recently

costco holding well above 20d still, really dont think it spends much time below 500 so this will be one of the first to get new cash flows. Mainly cause i sold a lot around 600

124 Replies 13 ๐Ÿ‘ 9 ๐Ÿ”ฅ

KE
@Kevin_Crocker #Top Dog Trading
recently

@ks68 I just joined the Options program six weeks ago. We can't get Think or Swim so I also use TC2000 and learning it now. Also, for time, much of the scans are already to load too and I think all of us from Canada are using TC2000. I use IB for my broker too. I opened a personal account as I was playing with the Options wheel and it was the only account where I could buy a cash covered put. It did say Zero but when I tried to sell a put it required a minimum $2500 in the account. I have other RRSP and TSFA account and these are fine to buy puts or calls. Haven't tried a credit spread yet as I am just learning that. BTW; Ensure you ask to be put in the Options chat which is for us in that program.

67 Replies 7 ๐Ÿ‘ 9 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

if we do, it will sort of show unless the MMs are in the market behind you. Best place is short or cash

114 Replies 9 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@Math #StockTraders.NET
recently

$TNXP cash machine

45 Replies 6 ๐Ÿ‘ 12 ๐Ÿ”ฅ

profile
@Math #StockTraders.NET
recently

they will probably look to raise for 6 to 12 mths cash

101 Replies 11 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@Math #StockTraders.NET
recently

cash strap

82 Replies 6 ๐Ÿ‘ 7 ๐Ÿ”ฅ

profile
@Chano #StockTraders.NET
recently

they have cash to cover 10x their liabilities

143 Replies 13 ๐Ÿ‘ 11 ๐Ÿ”ฅ

profile
@maletone #StockTraders.NET
recently

covered some $AVDL probably goes lower but I want to be mostly cash going into tomorrow

132 Replies 11 ๐Ÿ‘ 15 ๐Ÿ”ฅ

ST
@stevengo #StockTraders.NET
recently

It is important to understand market structure, it will give you an idea when it is good time to buy, short, or just stay cash. > @stevengo said: Finally $DKS, started in today and looking to build into a swing position.

99 Replies 13 ๐Ÿ‘ 14 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
recently

By Tom Westbrook and Xie Yu SINGAPORE/HONG KONG (Reuters) - Asian shares clawed back earlier losses on Tuesday as signs that China's economic pain may be gradually abating amid easing COVID-19 curbs overshadowed broader investor concerns about a global inflation shock. Also lifting sentiment in the region were details of Beijing's new policy support, which includes cash handouts for hiring graduates and support for internet companies' offshore listings. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7%, reversing losses from earlier in the session and led by gains in China and Hong Kong. Outside of China, however, things were mixed amid persistent worries about global inflation. Japan's Nikkei was flat. S&P 500 futures rose 0.2%, FTSE futures were unchanged and Euro STOXX 50 futures fell 0.2%. "This broadening of inflationary pressures that is really about food and energy is not just a European story, it is going to be a global story," said Rodrigo Catril, senior currency analyst at National Australia Bank (OTC:NABZY) in Sydney. U.S. treasuries, meanwhile, slumped on return from Monday's U.S. holiday, sending the yield of the 10-year bond up nearly 10 basis points (bps) to 2.8404%. [US/] German bund yields also rose after consumer prices in the country increased at their fastest pace in half a century. Eurozone inflation data is due later on Tuesday, with risks to the upside and nerves heightened by oil prices hitting two-month highs thanks to Europe's vow to cut Russian oil imports. Hawkish remarks from U.S. Federal Reserve Governor Christopher Waller also deflated hope that the Fed might pause for breath after hikes in June and July. "I am advocating 50 (basis point hikes) on the table every meeting until we see substantial reductions in inflation. Until we get that, I don't see the point of stopping," Waller said. Fed funds futures fell sharply in Asia, as investors braced for relentless interest rate rises that would push the benchmark rate towards 3% by mid 2023. The dollar gained and was last up about 0.3% at $1.0751 per euro, and buying 123.93 yen, also a gain of about 0.3%. [FRX/] The trade-sensitive New Zealand dollar fell from a three-week peak, while the Australian dollar found support and steadied at $0.7195 on positive domestic data and relief that China's slowdown seemed to be easing. [AUD/] SLOWER DECLINES Helping sentiment slightly, China's official PMI for May showed factory activity continued to decline but at a slower pace than in April. That, combined with signs of support from authorities and easing lockdowns in Shanghai, was enough for cautious optimism to return to financial markets. China's benchmark Shanghai Composite Index was up 1%, while the Hong Kong benchmark edged 0.6% higher. China's yuan was steady at 6.6640 per dollar despite greenback gains elsewhere. [.HK][.SS][CNY/] "Whether Shanghai could deliver an effective and sustained opening up is key," said Bruce Pang, head of macro and strategy research at China Renaissance Securities Hong Kong. "New cases might emerge (and) disrupt the resumption of production ... this will impact different stock sectors unevenly," he said. The regional fallout is also already deep with Japan logging a sharp fall in April factory output as Chinese demand shrivelled. In commodity markets, Brent crude futures touched a two-month top of $123.58 a barrel after the European Union vowed to slash imports of Russian oil by year's end. The stronger dollar pushed spot gold a fraction lower to $1,853 an ounce. Bitcoin rallied hard overnight, jumping nearly 8% and topping $32,000 for the first time in three weeks. It sat just below there at $31,680 in late Asia trade.

126 Replies 13 ๐Ÿ‘ 14 ๐Ÿ”ฅ

SO
@soheil.n #StockTraders.NET
recently

this probably will unwind into 14.4s but too exhausted to see it go through...rather cash out the gain and move on

92 Replies 8 ๐Ÿ‘ 8 ๐Ÿ”ฅ

profile
@Atlas #Emporos Research
recently

we dance with the spectrum , we get larger or bigger , there is no set amount , select our system settings , if you want more cash , increase your initial deposit

129 Replies 14 ๐Ÿ‘ 9 ๐Ÿ”ฅ

profile
@dros #droscrew
recently

if you're concerned about selling what you're already in, we easily have further down to go but I think it's too late to consider a flight to cash

136 Replies 8 ๐Ÿ‘ 13 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

People Want Digital Cash, Governments Need to Accept That, Circle CEO Says https://cryptonews.com/news/people-want-digital-cash-governments-need-accept-that-circle-ceo-says.htm

70 Replies 9 ๐Ÿ‘ 11 ๐Ÿ”ฅ

profile
@lucullus #droscrew
recently

QT is a big issue for asset prices. after 2008 banks in us and europe were forced to hold about $10 Trillion. in high quality liquid assets against there loan book exposure, HQLA's consist of Gov bonds, corp bonds AA- , Mortgage backed securities etc and cash reserves. So when QE comes along the CB gives the banks freshly printed money in return for these items of collateral (hqla) the banks dont want the cash because it has no yield so they go out and force up the price or/and down the yield of MBS'S GOV AND CORPORATE BONDS UNTILS RATES ARE NEAR ZERO. Hence we get rapid asset inflation..... well all that is about to go into reverse and all the collateral is going to have to pay higher returns to attract buyers

65 Replies 14 ๐Ÿ‘ 7 ๐Ÿ”ฅ

profile
@NoobBot #Crypto4Noobs
recently

Crypto remittances must have allure of cash without regulatory constraints โ€” Jeremy Allaire https://cointelegraph.com/news/crypto-remittances-must-have-allure-of-cash-without-regulatory-constraints-jeremy-allaire

54 Replies 6 ๐Ÿ‘ 8 ๐Ÿ”ฅ

TR
@trademaster #TradeHouses
recently

By Tom Westbrook SINGAPORE (Reuters) - The dollar slipped on Monday as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S. rates, while turning hopeful that loosening lockdowns in China can help global growth and exporters' currencies. U.S equity futures bounced sharply in the Asia session and pulled the region's risk-sensitive currencies along for the ride, even as Asia's stockmarkets wobbled. [MKTS/GLOB] The Aussie rose 0.5% to $0.7091 and has lifted 3.8% in a week and a half. The kiwi rose 0.8% to $0.6458, a three-week high. [AUD/] "It's a reasonably positive start to the week," said National Australia Bank (OTC:NABZY)'s head of foreign exchange strategy, Ray Attrill. "The U.S. dollar looks, for the time being, to be losing upside momentum," he said, tracking a small rally in U.S. bonds that has driven yields lower in recent sessions. [US/] The euro and yen rose, with the Japanese currency up 0.4% to 127.35 per dollar and the euro up 0.2% at $1.0586 following last week's 1.5% gain on the dollar. The U.S. dollar index, up about 16% to a two-decade high over the 12 months to the middle of May, was down about 0.23% at 102.680 and has lost roughly 2% in a week. The safe-haven Swiss franc rose too, holding on to sharp gains made last week - its best since March 2020 - when it climbed from parity on the dollar to about 0.9716 per dollar. "The dollar may be carving out a peak, given Europeโ€™s resilience to the energy shock and potential easing of lockdowns in China," said Commonwealth Bank of Australia (OTC:CMWAY) strategist Joe Capurso. "Given the type of policy support, we expect investment to rebound faster than consumer spending," he said. "Investment is mining commodity-intensive (and therefore) very positive for commodity currencies such as the Australian dollar and Canadian dollar, in addition to the yuan." CHINA HOPE Shanghai is edging out of lockdown and an unexpectedly big rate cut in China last week has been taken a signal that authorities are going to provide support to a recovery. The city of 25 million expects to lift its city-wide lockdown and return to more normal life from June 1. The yuan had its best week since late 2020 last week and firmed to 6.6844 per dollar on Monday. [CNY/] The Canadian dollar rose for a third straight week last week and was up about 0.4% to C$1.2800 per dollar on Monday. [CAD/] Sterling leapt nearly 2% last week on the back of stronger-than-expected retail data and markets' broader re-think on whether global central banks are really lagging much behind the Federal Reserve. It was last up 0.4% at $1.2546. [GBP/] Geopolitics are in focus in Asia this week as U.S. President Joe Biden tours the region, promoting greater U.S. economic engagement and seeking to push back against China's influence. He met Japan's Prime Minister Fumio Kishida on Monday ahead of meetings with the leaders of India and Australia in Tokyo this week. Australia elected a new government on Saturday, though the market reaction was muted as polls had predicted victory for the centre-left Labor Party and it is not expected to shift the direction or pace of interest rate rises. The Reserve Bank of New Zealand is expected to lift its benchmark cash rate by 50 basis points on Wednesday. U.S. Federal Reserve meeting minutes are also due on Wednesday. ======================================================== Currency bid prices at 0454 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0590 $1.0569 +0.21% +0.00% +1.0595 +1.0559 Dollar/Yen 127.4050 127.9100 -0.45% +0.00% +128.0500 +127.2900 Euro/Yen 134.94 135.03 -0.07% +0.00% +135.4900 +134.6700 Dollar/Swiss 0.9717 0.9743 -0.26% +0.00% +0.9751 +0.9713 Sterling/Dollar 1.2545 1.2496 +0.40% +0.00% +1.2553 +1.2482 Dollar/Canadian 1.2801 1.2846 -0.36% +0.00% +1.2842 +1.2794 Aussie/Dollar 0.7090 0.7052 +0.54% +0.00% +0.7098 +0.7046 NZ Dollar/Dollar 0.6455 0.6410 +0.73% +0.00% +0.6467 +0.6400 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ

127 Replies 13 ๐Ÿ‘ 14 ๐Ÿ”ฅ

profile
@dros #droscrew
recently

in some sense it's baked in, that's why โ€˜bullishโ€™ is under 12:1 > @Schmidy23 said: I mean does the insider ratio count when the company runs secondary's to raise cash and then 80% of the stock for sale is from insiders?

81 Replies 6 ๐Ÿ‘ 6 ๐Ÿ”ฅ

SC
@Schmidy23 #droscrew
recently

I mean does the insider ratio count when the company runs secondary's to raise cash and then 80% of the stock for sale is from insiders? > @lucullus said: amazing the insider have shown no concerns or real selling during this process

135 Replies 14 ๐Ÿ‘ 8 ๐Ÿ”ฅ

profile
@CarlosH-carvan #ivtrades
recently

@gman2 thats why i said isnt a correction so an adjustment.....Remember FED pick money and investors need to sell shares to have access to cash.

123 Replies 12 ๐Ÿ‘ 12 ๐Ÿ”ฅ

Key Metrics

Market Cap

1.21 B

Beta

1.20

Avg. Volume

247.23 K

Shares Outstanding

29.36 M

Yield

0.48%

Public Float

0

Next Earnings Date

2022-07-27

Next Dividend Date

Company Information

MetaBankยฎ, N.A., a national bank, is a subsidiary of Meta Financial Group, Inc.ยฎ, a South Dakota-based financial holding company. MetaBank, is a financial enablement company that works to increase financial availability, choice, and opportunity for all. MetaBank strives to remove barriers that traditional institutions put in the way of financial access, and promote economic mobility by providing responsible, secure, high quality financial products that contribute to individuals and communities at the core of the real economy.

CEO: Bradley Hanson

Website:

HQ: 5501 S Broadband Ln Sioux Falls, 57108 South Dakota

Related News