Piero Cingari

Piero Cingari

Benzinga Staff Writer

About
Piero is an accomplished Italian financial writer with extensive experience in the asset management and brokerage industry. He specializes in macroeconomics, central banks, bonds, and FX markets. Piero has a keen interest in how major economic events...
Wall Street Snaps Five-Week Winning Streak, Economic Growth Slows, Inflation Holds Steady In April: This Week In The Market
U.S. stock market ends 5-week positive streak due to slowing economic momentum, while Nvidia's valuation soars and home prices hit record highs.
Biden Urges Israel, Hamas To Accept 3-Stage Hostage, Cease-Fire Deal In Gaza: 'It's Time To End This War'
President Biden proposed a ceasefire deal between Israel and Hamas to end the ongoing conflict in Gaza, urging both parties to accept the terms for a better future.
Tech Stocks Crumble As Wall Street's 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What's Driving Markets Friday?
Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations.
Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True
Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.
Are Rate Cuts Imminent After Fed's Preferred Inflation Data Holds Steady? 'Be-Careful-What-You-Wish-For Moment' (CORRECTED)
Slowing consumer spending could lead to lower inflation. And if the Fed "can cut slowly as a result" then that will be good for markets.
Fed's Preferred Inflation Gauge Matches Estimates; Personal Spending Slows More Than Predicted (CORRECTED)
The headline inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations.
Biden Greenlights Ukrainian Strikes With US-Supplied Weapons Inside Russia, Defense Stocks Rise
Biden administration lifts restriction for Ukraine to use US weapons against Russian territory, as conflict intensifies. Market reacts with defense ETF increase.
Regional Banks Yet To Recover From SVB Collapse: Time To Invest In The Top Banking ETF?
The Regional Banking ETF is down 13% since the collapse of Silicon Valley Bank in 2023, indicating investor distrust. Q1 earnings show resilience in the sector with positive revenue difference.
Fed's Favorite Inflation Data Due Friday: How Could Markets React To Surprises?
The highly anticipated PCE price index, a key measure of inflation, will be released on Friday. Investors await the data, which could impact interest rates and asset prices.
Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What's Driving Markets Thursday?
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Is Q1 GDP Data Easing Pressure On Fed To Cut Interest Rates? 5 Economists Weigh In
U.S. economy grew at 1.3% in Q1, slower than expected. Inflation may continue to decline, easing pressure on Fed to cut rates. Experts have mixed views on potential impact.
US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters
US Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims rose to 220,000, slightly above expectations.
Nvidia Is Up 186% From A Year Ago, Yet These 7 Stocks Have More Than Doubled Their Returns Over The AI Chipmaker
NVIDIA Corp. (NASDAQ:NVDA) has been the standout tech stock of the past year, leading the Nasdaq 100 index in the performance ranking.
Fed Beige Book Shows Modest Economic Expansion Ahead Of Key GDP, Inflation Data Release
The Fed's latest Beige Book shows modest economic expansion, with slight job gains and moderate wage growth. Prices remain stable.
Volatility Spooks Investors As Treasury Yields, Dollar Climb Ahead Of Key Economic Releases: What's Driving Markets Wednesday?
Volatility surged back into the market on Wednesday, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week, fueled by fresh upticks in Treasury bond yields.
Wall Street Moves From T+2 To T+1 Settlement: How It Could Affect Investments, Trading, Tax Decisions
T+1 settlement system shortens transaction cycle, reducing risk and increasing efficiency. Charles Schwab shares insights on its impact and challenges.
How To Trade US Elections: 'A Trump Victory Is Likely To Lead To A Stronger Dollar'
US election in November 2024 is expected to be a major risk event for asset markets in 2024. Goldman Sachs outlines potential impacts based on election outcomes.
VIX Rises 8%, Treasury Yields Jump, Dow Plunges: Why Is Wall Street Wobbling Wednesday? (CORRECTED)
Wall Street opens with red showing as investors worry about interest rates. Volatility and Treasury yields spike. Traders expect 1-2 rate cuts.
All Eyes On Rafah As Israeli Forces Enter Safe Zones; Spain, Ireland And Norway Officially Recognize Palestinian State
Israeli airstrikes in Gaza's Rafah cause international condemnation and tensions rise as Palestinian civilians are killed. Limited market impact.
WTI Crude Hits $80, Notches Best Day In Over 2 Months: 'Peak Oil Demand Still A Decade Away'
Oil prices surge on anticipation of increased demand and ongoing supply constraints. Goldman Sachs projects continued demand growth until 2034.