The dollar gained after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks that pushed oil prices higher. The Bloomberg Dollar Spot Index rose as much as 0.5% Monday, on track for a second day of gains this month. It later trimmed its advance to trade up 0.1%. The Japanese yen was leading losses among its peers in the Group of ...
The dollar gained after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks that pushed oil prices higher. The Bloomberg Dollar Spot Index rose as much as 0.5% Monday, on track for a second day of gains this month. It later trimmed its advance to trade up 0.1%. The Japanese yen was leading losses among its peers in the Group of 10 against the greenback. “We have seen muted dollar upside over renewed uncertainty,” said Jayati Bharadwaj , head of FX strategy at TD Securities, adding that markets view Trump’s latest move “as a negotiating lever.” Shipments of oil and gas through the Strait of Hormuz remain in focus as the lack of an agreement threatens to deepen a global energy shock. Oil prices are hovering near $100 a barrel. “While a US naval blockade will push oil higher, that is a better outcome for the global economy than a renewed assault on energy infrastructure in the region,” said strategists at ING Bank, including Chris Turner and Frantisek Taborsky. “We doubt the dollar needs to rally too much further.” What Bloomberg Strategists Say: “While a dash for liquidity and its terms-of-trade advantage have fueled a haven bid for the greenback since the Iran war started, the drag from the negative oil impulse will soon enough start to reassert itself to further chip away at the dollar rally.” — Tatiana Darie , Macro Strategist, Markets Live. For full analysis, click here . Through the war that began on Feb. 28, speculative foreign-exchange traders have shifted to long dollar positioning. In the week of April 7, just before the US-Israel alliance and Iran announced a ceasefire, these traders added to long dollar bets, turning the most positive on the greenback in 14 months, according to Commodity Futures Trading Commission data. “Dollar positioning is not as short or crowded as it was at the start of the conflict,” said Bharadwaj. According to a Bank of America survey of fund managers, conducted A...
Lemon_tm As shares of Replimune Group ( REPL ) hit an all-time low on Monday of $1.50 following the US FDA's rejection of its lead asset, the melanoma drug RP1, the Street is also turning negative on the company. J.P. Morgan, BMO Capital Markets, and Wedbush have all downgraded Replimune following its receipt of a Complete Response Letter on April 10. BMO's Evan David Seigerman cut the stock to un...
Lemon_tm As shares of Replimune Group ( REPL ) hit an all-time low on Monday of $1.50 following the US FDA's rejection of its lead asset, the melanoma drug RP1, the Street is also turning negative on the company. J.P. Morgan, BMO Capital Markets, and Wedbush have all downgraded Replimune following its receipt of a Complete Response Letter on April 10. BMO's Evan David Seigerman cut the stock to underperform with a $1 price target. Noting the CRL was the company's second for RP1, he wrote, " The letter makes clear that while FDA allowed Replimune to resubmit their BLA, the company and FDA were never truly in alignment on either the use of a single arm trial (RPL-001-16) for their initial BLA submission or the methods Replimune had used to assess efficacy in the trial." J.P. Morgan's Anupam Rama moved the bank's rating to underweight. "Looking forward, today’s CRL creates greater uncertainty on the prospects for RP1 and raises continued questions on whether data from the ongoing pivotal IGNYTE-3 trial will be sufficient from FDA's perspective." "The FDA also indicated the BLA resubmission from REPL included exploratory analyses from IGYNTE and an early analysis of data from the ongoing confirmatory Ph 3 that it did not believe alleviated concerns previously communicated regarding the inconsistency of response criteria used in IGNYTE with RECIST v1.1," added Wedbush's Robert Driscoll, who cut his rating to neutral from outperform. More on Replimune Group Replimune: Second CRL May Have Sealed RP1's Fate - It's Hard To See Positives Replimune: Multiple Shots On Goal But A High Risk Binary Approaches Replimune Group, Inc. (REPL) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Biggest stock movers Monday: REPL, GS, LEG and more Replimune shares extend losses, tumble 56% after FDA rejects melanoma drug RP1
Earnings season kicks off this week. It's mostly financial stocks checking in over the next few days, but they're not alone. Several big tech and consumer names will also be checking in with fresh financials. With market volatility already heightened, brace for the wild swings this season. Netflix (NASDAQ: NFLX) , ASML Holding (NASDAQ: ASML) , Taiwan Semiconductor (NYSE: TSM) , PepsiCo (NASDAQ: PE...
Earnings season kicks off this week. It's mostly financial stocks checking in over the next few days, but they're not alone. Several big tech and consumer names will also be checking in with fresh financials. With market volatility already heightened, brace for the wild swings this season. Netflix (NASDAQ: NFLX) , ASML Holding (NASDAQ: ASML) , Taiwan Semiconductor (NYSE: TSM) , PepsiCo (NASDAQ: PEP) , and CarMax (NYSE: KMX) are five of the names reporting this week. Let's kick these tires before their upcoming earnings become yesterday's news. Image source: Getty Images. Continue reading
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Ultra Short Duration Bond Active ETF (Symbol: ICSH) where we have detected an approximate $197.1 million dollar inflow -- that's a 2.8% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Ultra Short Duration Bond Active ETF (Symbol: ICSH) where we have detected an approximate $197.1 million dollar inflow -- that's a 2.8% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Avantis Emerging Markets Equity ETF (Symbol: AVEM) where we have detected an approximate $343.8 million dollar inflow -- that's a 1.6% increase week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Avantis Emerging Markets Equity ETF (Symbol: AVEM) where we have detected an approximate $343.8 million dollar inflow -- that's a 1.6% increase week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold MiniShares Trust (Symbol: GLDM) where we have detected an approximate $593.5 million dollar inflow -- that's a 1.9% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold MiniShares Trust (Symbol: GLDM) where we have detected an approximate $593.5 million dollar inflow -- that's a 1.9% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $293.6 million dollar inflow -- that's a 4.3% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $293.6 million dollar inflow -- that's a 4.3% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.7% increase
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.7% increase
KBW Head of US Bank Research Chris McGratty breaks down Goldman Sachs’ mixed reaction despite strong earnings. He joins Bloomberg Open Interest to explain why big banks, especially Citi, are his top picks, and highlights key risks in today’s economy, including private credit and employment trends. (Source: Bloomberg)
KBW Head of US Bank Research Chris McGratty breaks down Goldman Sachs’ mixed reaction despite strong earnings. He joins Bloomberg Open Interest to explain why big banks, especially Citi, are his top picks, and highlights key risks in today’s economy, including private credit and employment trends. (Source: Bloomberg)
Looking at the universe of stocks we cover at Dividend Channel, on 4/15/26, Nuveen Variable Rate Preferred & Income Fund Commo (Symbol: NPFD) will trade ex-dividend, for its monthly dividend of $0.1565, payable on 5/1/26. As a percentage of NPFD's recent stock price of $19.
Looking at the universe of stocks we cover at Dividend Channel, on 4/15/26, Nuveen Variable Rate Preferred & Income Fund Commo (Symbol: NPFD) will trade ex-dividend, for its monthly dividend of $0.1565, payable on 5/1/26. As a percentage of NPFD's recent stock price of $19.