$FOUR
Shift4 Payments Inc
PRICE
$61.37 βΌ-0.519%
Extented Hours
VOLUME
446,550
DAY RANGE
62.415 - 64.495
52 WEEK
29.39 - 66.86
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By Arundhati Sarkar (Reuters) - Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures. Spot gold was down 0.6% to $1,925.75 per ounce at 1320 GMT, after hitting its highest since late April on Tuesday. U.S. gold futures dropped 0.4% to $1,927.20. The U.S. Commerce Department is expected to unveil its initial advance fourth-quarter GDP estimates on Thursday, which could set the tone for the Federal Reserve's Jan. 31-Feb. 1 policy meeting. Gold's losses, after the peak recorded on Tuesday, resulted from a technical correction as investors closed positions in order to lock in profits ahead of the release of the data, said ActivTrades senior analyst Ricardo Evangelista. "The overall sentiment is positive, with the Fed expected to adopt a more benign posture and announce a 25bp rate hike, when it meets next week. If confirmed, the scenario will be negative for the U.S. dollar and treasuries, offering support to gold." Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. The dollar index, meanwhile, held steady, making gold less appealing for other currency holders. [USD/] Traders expect the Fed to scale back its rate hike pace further after slowing its policy tightening spree to 50 basis points (bps) last month after four straight 75-bp hikes. Fears around possible recession were also offering support to gold, analysts said. U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both the manufacturing and services sectors for the first time since September. Among other precious metals, spot silver fell 0.9% to $23.4537 per ounce and palladium lost 1.1% to $1,723.35. Platinum snapped a three-day winning streak, having shed 1.7% to $1,038.76 on the day.
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By Shreyashi Sanyal and Amruta Khandekar (Reuters) - Wall Street's main indexes rose on Wednesday after weak retail sales and further evidence of slowing inflation supported hopes of smaller rate hikes by the Federal Reserve, while Tesla (NASDAQ:TSLA) shares gained for the second straight day. A reading from the Commerce Department showed retail sales fell 1.1% in December against expectations of a 0.8% drop, while a separate report showed producer prices declined more than expected in December. "The market is getting what it wants, which is the slowing in inflation, which means that the Fed can (hike) at a slower rate and maybe have a lower endpoint," said Tom Martin, senior portfolio manager at GLOBALT in Atlanta. Traders' bets of a 25-basis point rate hike rose after the data, while U.S. 10-year Treasury yields fell to a four-month low. [US/] Focus also remains on the earnings season as it gathers pace to gauge the strength of corporate America against the backdrop of higher interest rates. Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of 2023. Tesla Inc rose 1.5% for the second straight session as analysts noted the electric-vehicle maker's recent price cuts to top models gave it a competitive edge. Also boosting the S&P 500 and Nasdaq, Microsoft Corp (NASDAQ:MSFT) rose 0.2% after the company said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Among major S&P 500 sectors, consumer discretionary stocks were up 1%, leading gains. U.S. stock markets have started 2023 on a strong footing on hopes that a moderation in inflationary pressures could give the Fed cover to dial down the size of its interest rate hikes. St. Louis Fed President James Bullard said on Wednesday interest rates need to go over 5% at least, echoing views by several other policymakers in recent weeks. At 9:49 a.m. ET, the Dow Jones Industrial Average was up 63.78 points, or 0.19%, at 33,974.63, the S&P 500 was up 14.36 points, or 0.36%, at 4,005.33, and the Nasdaq Composite was up 73.86 points, or 0.67%, at 11,168.98. Among other stocks, United Airlines Holdings (NASDAQ:UAL) Inc rose nearly 1% as it forecast at least a four-fold jump in full-year profit, lifting the S&P 1500 airlines index. Moderna (NASDAQ:MRNA) Inc rose 7.8% after reporting data which demonstrated the effectiveness of its respiratory syncytial virus (RSV) vaccine. IBM (NYSE:IBM) Corp was a drag on the Dow, falling 1.3% after Morgan Stanley (NYSE:MS) downgraded the company's shares to "equal weight" from "overweight", citing slowing revenue growth. PNC Financial Services Group Inc (NYSE:PNC) fell 5.5% after the company missed estimates for fourth-quarter profit. Advancing issues outnumbered decliners for a 3.96-to-1 ratio on the NYSE and a 2.60-to-1 ratio on the Nasdaq. The S&P index recorded eight new 52-week highs and no new low, while the Nasdaq recorded 47 new highs and four new lows.
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By Arathy Somasekhar and Muyu Xu (Reuters) -Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's rising COVID cases. Brent futures for March delivery fell 43 cents to $81.67 a barrel, a 0.5% loss, by 0700 GMT. U.S. crude dropped 39 cents, or 0.5%, to $76.54 per barrel. Both benchmarks plunged more than 4% on Tuesday, with Brent suffering its biggest one-day loss in more than three months. "Warning signs of global recession, China's lacklustre recovery with surging COVID-19 cases, renewed strength in the U.S. dollar and dampened risk sentiment are all catalysts keeping oil prices in check overnight," said Yeap Jun Rong, Market Analyst at IG, in a note. The Chinese government also increased export quotas for refined oil products in the first batch for 2023, signalling expectations of poor domestic demand. Top oil exporter Saudi Arabia may further cut the prices for its flagship Arab Light crude grade to Asia in February, after they were set at a 10-month low for this month, as concerns of oversupply continued to cloud the market. "The market remains worried about the impact of macro factors such as the economic downward pressure," said analysts from Haitong Futures. The head of the International Monetary Fund warned that much of the global economy would see a tough year in 2023 as the main engines of global growth - the United States, Europe and China - were all experience weakening activity. The Fed also raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each. If the Fed intensifies its rate hikes, that could slow the economy and hamper fuel consumption. Lending oil some support, the dollar weakened on Wednesday after posting big gains in the previous session. A weaker dollar typically boosts demand for oil as dollar-denominated commodities become cheaper for holders of other currencies. U.S. crude oil stockpiles likely rose 2.2 million barrels, with distillate inventories expected down, a preliminary Reuters poll showed on Monday. [EIA/S] Industry group American Petroleum Institute is due to release data on U.S. crude inventories at 4.30 p.m. EDT (2030 GMT) on Wednesday. The Energy Information Administration, the statistical arm of the U.S. Department of Energy, will release its own figures at 10.30 a.m. (1430 GMT) on Thursday.
71 Replies 12 π 7 π₯
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By Rowena Edwards LONDON (Reuters) -Oil prices edged lower in volatile trade on Tuesday as weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar weighed. Brent crude futures fell $1.07, or 1.25%, to $84.84 a barrel by 1447 GMT. U.S. West Texas Intermediate crude was down $1.15, or 1.43%, at $79.11, having shed more than $2 earlier in the session. Both contracts had risen more than $1 in early trade. "Brent and WTI have recovered almost 15% from the lows a few weeks ago as traders continue to price in stronger Chinese demand," said Craig Erlam, senior market analyst at OANDA. "The outlook remains highly uncertain, though, which should ensure oil prices remain highly volatile." The Chinese government has raised export quotas for refined oil products in the first batch for 2023. Traders attributed the increase to expectations of poor domestic demand as the world's largest crude importer continues to battle waves of COVID-19 infections. In further bearish news, China's factory activity shrank in December as the surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed anti-virus curbs. Adding to the gloomy economic outlook, IMF Managing Director Kristalina Georgieva on Sunday said that the United States, Europe and China - the main engines of global growth - were all slowing simultaneously, making 2023 tougher than 2022 for the global economy. Prices are also under pressure from a stronger dollar, which makes dollar-denominated commodities more expensive for holders of other currencies and tends to weigh on demand. The market will be looking for indications from the U.S. Fed's December policy meeting on Wednesday. The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each. Also on the radar, U.S. December payrolls data is due on Friday, which is expected to show that the labour market remains tight. Looking ahead, Commerzbank (ETR:CBKG) said it expects the global economic outlook to play a "much more important role" in oil price developments than production decisions taken by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known collectively as OPEC+. The bank expects signs of economic recovery "in key economic areas" to push Brent back towards $100 a barrel, which it said could happen from the second quarter of the year onwards.
91 Replies 6 π 6 π₯
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By Ankur Banerjee SINGAPORE (Reuters) - The yen spiked to a seven-month high against the U.S. dollar on Tuesday on rising expectations that the Bank of Japan might move away from its ultra-easy monetary policy. Speculation that the BOJ was set to start shifting off its ultra-loose policy flared when the central bank widened the yield cap range on 10-year Japanese government bonds (JGBs) last month, and it was further fuelled by a Nikkei report on Saturday that the BOJ was considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024. "The market obviously wants to believe that tinkering with the yield curve is not once and done," said Moh Siong Sim, currency strategist at Bank of Singapore, adding that the market was looking for further signals that there would be more tweaks to the yield curve control settings. But Governor Haruhiko Kuroda has dismissed the chance of a near-term exit from ultra-loose monetary policy. The yen strengthened 0.69% versus the greenback at 129.83 per dollar on Tuesday, having touched 129.51 earlier in the session - a level last seen in June. The Asian currency lost 12% against the dollar in 2022, with the Japanese authorities stepping into the market in September to prop it up for the first time since 1998 and again in October, when it weakened to a 32-year low of 151.94 per dollar. On Tuesday, the yen's gains were broad, with the euro slipping 0.57% to 138.52 yen and sterling 0.44% lower at 156.76 yen. With Japanese markets closed, thin liquidity may have exacerbated the move, analysts said. Investor attention this week is fixed on the minutes of the Fed's December policymaking meeting, which are due to be released on Wednesday, with traders looking for clues to what rate path is likely to be taken in 2023. The U.S. central bank raised interest rates by 50 basis points last month after delivering four consecutive 75-basis point hikes in the year, but has said it may need to keep interest rates higher for longer to tame inflation. Citi strategists said the minutes could reveal more divergence between doves and hawks regarding how high the terminal rate should go. "We will also be looking for any guide on what could determine the size of the hike at the February meeting, but would not expect any concrete guidance," Citi said, adding they continue to expect a 50 basis points hike in February. The dollar index, which measures the greenback against six major currencies, has made a subdued start to 2023 and was last down 0.029% at 103.610. The dollar index rose 8% last year in its biggest annual jump since 2015 on the back of the Fed raising interest rates to tackle inflation. The dollar is likely to consolidate as "market activity gradually picks up this week," said Christopher Wong, currency strategist at OCBC Bank in Singapore. U.S. payrolls data, due to be released on Friday, is expected to show that the labour market remains tight. ING economists said in a note that the Fed had talked up the importance of the payrolls data for the inflation outlook, but they noted that wage growth had not caused the inflation and it would not be the reason that it ultimately falls. Meanwhile, China's factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID-19 infections swept through production lines after Beijing's abrupt reversal of anti-virus measures. The Australian dollar fell 0.06% versus the greenback at $0.680, while the kiwi rose 0.19% at $0.633. The euro was mostly flat, while sterling was last trading at $1.2067, up 0.18% on the day.
140 Replies 9 π 14 π₯
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By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) - The dollar pared losses on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers - a major step in reopening its borders that boosted risk-related currencies such as the Australian dollar. China will stop requiring arriving travellers to go into quarantine starting Jan. 8, the National Health Commission said on Monday, even as COVID cases spike. At the same time, Beijing downgraded regulations for managing COVID cases to the lighter Category B from the top-level Category A. The Aussie rose 0.22% versus the greenback to $0.674 in mostly thin trading during the year-end holiday season, while the New Zealand dollar gave up earlier gains, easing by 0.14% to $0.629. The two currencies are often used as liquid proxies for the Chinese yuan. The offshore yuan fell 0.12% to 6.9661 per dollar. "We've been in a very narrow trading range, and I think with the dollar firming up against the euro and yen, we could see further dollar gains against the Chinese currency," said Marc Chandler, chief market strategist at Bannockburn Global Forex. Still, investors could be cheered by what some perceive to be "Chinese policymakers' resolve to full reopening", said Christopher Wong, a currency strategist at OCBC. "There seems to be no let-up in the pace of relaxing COVID restrictions despite the surge in COVID cases in the mainland." Elsewhere, the euro fell 0.08% against the dollar to $1.0626. China's gradual dismantling of its economically-damaging zero-COVID policies may give the euro - which has clawed higher thanks to the European Central Bank taking a much harder line on inflation than investors had expected - an additional boost. With UK markets closed for a public holiday, trading in sterling was muted, leaving the pound down against the dollar at around $1.2022. The U.S. dollar index rose 0.134% to 104.220 Data released on Friday showed U.S. consumer spending barely rose in November while inflation cooled further, reinforcing expectations that the Federal Reserve could scale back its aggressive monetary policy tightening. "In line with its seasonal trend, December has been a soft month for the greenback," ING FX strategist Francesco Pesole said. "It's worth remembering that the dollar rose in each of the past four years in January. Our view for early 2023 is still one of dollar recovery." The Japanese yen fell 0.44% against the dollar to 133.45, despite a surge in short-term government bond yields to their highest in over seven-and-a-half years, following an auction that attracted relatively weak demand. Still, the yen is heading for its biggest quarterly rally against the dollar since 2008, with a rise of 8.1%, following a surprise decision last week by the Bank of Japan (BOJ) to adjust its monetary policy. BOJ Governor Haruhiko Kuroda on Monday dismissed the chance of a near-term exit from ultra-loose monetary policy, even as markets and policymakers are signalling an increasing focus on what comes after Kuroda's tenure ends in April next year. "While ... (the) policy tweak has added uncertainty to the BOJ outlook, we continue to lean toward BOJ policymakers making no further policy adjustments through the end of 2023," analysts at Wells Fargo (NYSE:WFC) said in a note. "Inflation pressures are expected to ease, which should lessen the BOJ's motivation for further policy moves." In cryptocurrencies, bitcoin was last down 0.33% at $16,775, while ether last fell 0.57% to $1,210.00. ======================================================== Currency bid prices at 9:55AM (1455 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 104.2300 104.1000 +0.13% 8.955% +104.4000 +103.8800 Euro/Dollar $1.0627 $1.0635 -0.07% -6.51% +$1.0670 +$1.0612 Dollar/Yen 133.4500 132.8500 +0.46% +15.93% +133.5850 +132.6400 Euro/Yen 141.80 141.32 +0.34% +8.81% +142.2700 +141.1500 Dollar/Swiss 0.9297 0.9315 -0.16% +1.96% +0.9329 +0.9270 Sterling/Dollar $1.2023 $1.2068 -0.37% -11.10% +$1.2112 +$1.2005 Dollar/Canadian 1.3501 1.3575 -0.54% +6.79% +1.3578 +1.3500 Aussie/Dollar $0.6742 $0.6732 +0.16% -7.24% +$0.6776 +$0.6726 Euro/Swiss 0.9879 0.9908 -0.29% -4.73% +0.9924 +0.9878 Euro/Sterling 0.8839 0.8814 +0.28% +5.23% +0.8857 +0.8801 NZ $0.6286 $0.6271 +0.26% -8.15% +$0.6318 +$0.6271 Dollar/Dollar Dollar/Norway 9.8265 9.8500 -0.52% +11.23% +9.8725 +9.7990 Euro/Norway 10.4443 10.4625 -0.17% +4.31% +10.5035 +10.4464 Dollar/Sweden 10.4633 10.4871 -0.32% +16.03% +10.5023 +10.4167 Euro/Sweden 11.1217 11.1574 -0.32% +8.67% +11.1638 +11.1068
138 Replies 13 π 15 π₯
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By Scott Murdoch SYDNEY (Reuters) - The yen surged and Asian shares fell sharply on Tuesday after Japan's central bank unexpectedly tweaked its bond yield controls - a move that will allow long-term interest rates to rise more. While the Bank of Japan kept broad policy settings unchanged it widened the allowable band for long-term yields to 50 basis points either side of that, from 25 basis points previously. That triggered an immediate spike in the yen with the greenback dropping 2.71% after the decision to 133.16, a four-month low. In turn, the Nikkei benchmark index slumped 2.71% after trading in positive territory earlier in the day. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6%. The BOJ decision was taken as a signal that the forces which drove the yen to three-decade lows this year may be beginning to turn. "The move came earlier than I had expected but a step towards the normalisation process of policy in Japan," Kerry Craig, JP Morgan Asset Management's global markets strategist, told Reuters. "The market implications are most prevalent in the forex markets given the divergence between U.S. and Japanese policy settings. "While there is still a wide gap, the hint that the BOJ is moving incrementally away from ultraloose policy should be yen positive in the near term." Elsewhere in Asia, Australian shares extended earlier losses to be off by 1.54% in afternoon trade. Hong Kong's Hang Seng Index was down 1.9% while China's CSI300 Index was off 1.62%. In early European futures trading, the pan-region Euro Stoxx 50 futures were down 1.23% at 3,772, German DAX futures were down 1.32% at 13,832 and FTSE futures were down 0.83% at 7,306.5. U.S. stock futures, the S&P 500 e-minis, were down 0.85% at 3,812.8. In Asian trading, the yield on benchmark 10-year Treasury notes rose to 3.6825% compared with its U.S. close of 3.583% on Monday. The two-year yield, which rises with traders' expectations of higher Fed fund rates, was at 4.2848% compared to the US close of 4.262%. China's reopening to the rest of the world from nearly three years of COVID lockdowns continued to be a major concern for investors. Credit Suisse on Monday upgraded its outlook from neutral to outperform for China's equities markets in the year ahead. "The whole narrative of China has changed, it's gone from COVID zero that was putting the economy under pressure and there's now an intention to move towards a reopening," Suresh Tantia, Credit Suisse's senior investment strategist. "And as that happens, we will see an recovery in China's economy and markets." U.S. crude ticked up 0.41% to $75.5 a barrel. Brent crude rose to $79.87 per barrel. Spot gold was slightly higher at $1,790.83 per ounce. [GOL/]
124 Replies 6 π 15 π₯
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By Sruthi Shankar and Ankika Biswas (Reuters) -Wall Street's main stock indexes were set to open sharply lower on Thursday, as the Federal Reserve's guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday, slowing down from four back-to-back 75 bps hikes, although Fed Chair Jerome Powell said recent signs of slowing inflation have not brought any confidence yet that the fight had been won. The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. "The issue was the market was looking for rate cuts in 2023 and that's not compatible with any credible economic scenario because you'd need to have quite a collapse in economic activity and a speedy deterioration of the labor market," said Willem Sels, global CIO, private banking and wealth management at HSBC. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December due to mixed economic data and worrying corporate forecasts. Investors also digested economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits declining last week, indicating a tight labor market. "In some ways today's data reinforces what Powell was saying yesterday that this is going to take time and the market seems to want to try and fast forward through the messy parts and it's just not going to be able to do that because the Fed is not going to let it," said Sameer Samana, senior global market strategist at Wells Fargo (NYSE:WFC) Investment Institute. The Bank of England and the European Central Bank also raised their key interest rate by 50 bps each and indicated more likely hikes in a bid to tame spiraling inflation. At 8:57 a.m. ET, Dow e-minis were down 358 points, or 1.05%, S&P 500 e-minis were down 54.25 points, or 1.35%, and Nasdaq 100 e-minis were down 194 points, or 1.63%. Shares of megacap companies, including Apple (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) fell more than 1% each in premarket trading. Tesla (NASDAQ:TSLA) Inc fell 2.9% after CEO Elon Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion this year and frustrating investors as the company's shares wallow at two-year lows. Netflix Inc (NASDAQ:NFLX) slumped 4.8% after a media report said the entertainment services firm will let its advertisers take their money back after missing viewership targets. Nvidia (NASDAQ:NVDA) Corp slipped 2.6% after HSBC Global Research began coverage on the chipmakers stock with a "reduce" rating, while Western Digital (NASDAQ:WDC) slid 5.2% following a report that Goldman Sachs (NYSE:GS) downgraded the data storage firmβs stock to "sell" from "neutral".
129 Replies 13 π 14 π₯
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By Wayne Cole SYDNEY (Reuters) - Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, nudging the dollar down against the yuan. The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban and price caps on Russian crude, which begin on Monday. [O/R] More Chinese cities announced an easing of coronavirus curbs on Sunday as Beijing tries to make its zero-COVID policy less onerous after recent unprecedented protests against restrictions. There were also reports Beijing might lower the threat classification for COVID-19, though clarity was lacking on timetables for future steps. "While the easing of some restrictions does not equate to a wholesale shift away from the dynamic COVID zero strategy just yet, it is further evidence of a shifting approach and financial markets look to be firmly focussed on the longer term outlook over the near-term hit to activity as virus cases look set to continue," said Taylor Nugent, an economist at NAB. Chinese blue chips gained 1.7%, on top of last week's 2.5% bounce, while the Hang Seng jumped 3.5%. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.7% to a three-month top, after rallying 3.7% last week. Japan's Nikkei edged up 0.1%, while South Korea eased 0.4%. EUROSTOXX 50 futures added 0.1%, while FTSE futures were flat. S&P 500 futures and Nasdaq futures both fell 0.1%. Wall Street had lost some momentum on Friday after November's robust U.S. payrolls report challenged hopes for a less aggressive Federal Reserve, though Treasuries still ended last week with solid gains. Indeed, 10-year note yields have fallen 74 basis points since early November, effectively undoing much of the tightening of the Fed's last outsized increase in cash rates. Markets are wagering Fed rates will top out at 5% and the European Central Bank around 2.5%. "But U.S. and Euro area labour demand remain surprisingly strong, and alongside a recent easing in financial conditions, the risks are shifting toward higher-than-anticipated terminal rates for both the Fed and the ECB," warns Bruce Kasman, head of economic research at JPMorgan (NYSE:JPM). "The combination of labour market resilience with sticky wage inflation adds to the risk that the Fed will deliver a higher than 5% rate forecast at its upcoming meeting and that Chair Jerome Powell's press conference will shift to more open-ended guidance regarding any near-term ceiling on rates." DOLLAR VULNERABLE The Fed meets on Dec. 14 and the ECB the day after. Speaking on Sunday, French central bank chief Francois Villeroy de Galhau said he favoured a hike of half a point next week. Central banks in Australia, Canada and India are all expected to raise their rates at meetings this week. The steep decline in U.S. yields has taken a toll on the dollar, which fell 1.4% last week on a basket of currencies to its lowest since June. It lost 3.5% on the yen alone and last traded at 134.34, leaving October's peak of 151.94 a distant memory. The euro resumed it rise to $1.0578, having added 1.3% last week to its highest since early July. [USD/] The dollar also slipped under 7.0 yuan in offshore trade to hit the lowest in three months at 6.9677. The drop in the dollar and yields has been a boon for gold, which was up 0.5% at a four-month peak of $1,807 an ounce after rising 2.3% last week. [GOL/] Oil prices bounced after OPEC+ agreed to stick to its oil output targets at a meeting on Sunday. The Group of Seven and European Union states are due on Monday to impose a $60 per barrel price cap on Russian seaborne oil, though it was not yet clear what impact this would have on global supply and prices. Brent gained $1.67 to $87.24 a barrel, while U.S. crude rose $1.46 to $81.44 per barrel.
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Key Metrics
Market Cap
3.38 B
Beta
1.86
Avg. Volume
1.25 M
Shares Outstanding
53.01 M
Yield
0%
Public Float
0
Next Earnings Date
2023-03-02
Next Dividend Date
Company Information
Shift4 Payments is a leading provider of integrated payment processing and technology solutions, delivering a complete omnichannel ecosystem that extends beyond payments to include a wide range of commerce-enabling services. The company's technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, ecommerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than $200 billion in payments volume for over 200,000 businesses in 2019.
CEO: Jared Isaacman
Website: www.shift4.com
HQ: ,
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