Fed meeting to begin, Instacart's IPO pricing - what's moving markets

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Ford (F) avoids strike in Canada as UAW prepares to expand movement

September 20, 2023 10:37 AM EDT

Ford (NYSE: F) secured a last-minute agreement to prevent a strike at its Canadian facilities on Tuesday night, just as the United Auto Workers union was gearing up for the possibility of extending its strikes against the Detroit Three automakers in the United States.

Unifor, the union representing approximately 5,600 Canadian automotive workers, had issued a strike threat for... More

This car stock would benefit from the rising EU-China trade tensions - Bernstein

September 20, 2023 9:49 AM EDT

European automotive manufacturers greatly benefited when China opened its economic doors in the 1990s. They established business models that heavily depended on a well-functioning global trade system. However, the situation has now reversed, with Chinese automotive manufacturers actively pursuing entry into the European markets.

Chinese global automotive exports by volume grew by +88% during the first half of 2023, and +121% in value terms. Electric vehicles represented 23% of exports in 2022. Chinese-made... More

Nasdaq bearish positioning continues - Citi

September 19, 2023 8:22 AM EDT

In the equity markets positioning model note on Tuesday, Citi analyst Chris Montagu said net positioning across US equities is on the decline.

Montagu stated there was little change over the last week. Ongoing trends continue, with the S&P remaining near neutral and Nasdaq bearish positioning... More

BofA clients have started selling US tech stocks

September 19, 2023 6:27 AM EDT

During the 7th consecutive week of equity inflows, Bank of Americas clients showed a consistent interest in U.S. equities, with net purchases totaling $1.1 billion. These inflows were primarily observed in ETFs, although there were also modest net purchases of individual stocks.

Institutional clients continued to be net buyers for a second consecutive week, while... More