$TD
Toronto Dominion Bank
PRICE
$71.41 โผ-0.335%
Extented Hours
VOLUME
1,858,097
DAY RANGE
71.38 - 73.04
52 WEEK
61.13 - 85.24
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@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.
57 Replies 9 ๐ 9 ๐ฅ
@dros #droscrew
lmao > @Schmidy23 said: td called me the other day to make sure I was ok because my commissions are down that much from 2021. houses are hurting for sure
47 Replies 6 ๐ 13 ๐ฅ
@Schmidy23 #droscrew
td called me the other day to make sure I was ok because my commissions are down that much from 2021. houses are hurting for sure > @bunnytoad69 said: i. would be VERY curious to see active Robinhood usage, retail trader usage, etc. how much the public has essentially walked away from the market from an active investor perspective. or if a lot more of us nobodies in the market need to be taught a lesson before market returns to its usual crowd.
96 Replies 7 ๐ 8 ๐ฅ
@AlexxandroXX #decarolis
Buongiorno ragazzi e ragazze ๐ ultimamente non sono riuscito a seguirvi tanto ma un'occhio nella TD ce lo butto sempre
57 Replies 6 ๐ 11 ๐ฅ
Key Metrics
Market Cap
129.56 B
Beta
0.65
Avg. Volume
3.61 M
Shares Outstanding
1.81 B
Yield
4.62%
Public Float
0
Next Earnings Date
2022-05-26
Next Dividend Date
Company Information
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ('TD' or the 'Bank'). TD is the sixth largest bank in North America by branches and serves over 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bankยฎ, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 14 million active online and mobile customers. TD had CDN$1.7 trillionin assets on October 31, 2020.
CEO: Bharat Masrani
Website: www.td.com
HQ: P.O. Box 1 Toronto, M5K 1A2 Ontario
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