MORNING BID AMERICAS-Yen bounces from 160 per dollar in busy Fed-led week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
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Source: Yahoo Finance
- Market Volatility in Japan: The yen experienced significant fluctuations, dropping to 34-year lows of 160 per dollar before rebounding amid speculation of intervention.
- Federal Reserve Meeting: The Federal Reserve is set to meet amid reduced expectations for U.S. interest rate cuts this year, with only 35 basis points of easing priced in.
- Treasury Market Concerns: Treasury market saw yields return to October/November levels, and attention is on the potential bond buyback program as refunding plans are published.
- Labor Market Data: The focus will be on labor market data releases throughout the week, leading up to Friday's payroll report.
- Corporate Earnings: Wall Street anticipates updates from Amazon and Apple, following a strong earnings week last week, with S&P500 profit gains now at 5.6% for the first quarter.
Analyst Views on DZZ
Wall Street analysts forecast DZZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DZZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 3.350
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Current: 3.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
