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...
S&P 500, Nasdaq 100 Climb To Record Highs As Data Fosters Rate Cut Optimism Ahead Of Fed Minutes; Gold, Bonds Rally: What's Driving Markets Wednesday?
The S&P 500 and Nasdaq 100 indices surged to new all-time highs on Thursday, as investors heightened their expectations for rate cuts following June’s sharply lower-than-expected services sector activity, which experienced its worst
June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes
June's jobs report expected to show decline in payroll growth and earnings, amid mixed economic data and signs of cooling labor market.
US Services Sector Activity Experiences Largest Contraction In Over 4 Years: Gold Rallies, Dollar Tumbles As Traders Raise Rate Cut Bets
Purchasing Managers' Index for services sector in US dropped sharply in June, indicating slower economic growth. Employment contracted, prices eased.
Private Employers Add 150,000 Jobs In June, Less Than Expected: Job Growth 'Solid, But Not Broad-Based'
Pace of U.S. job creation falls short in June, suggesting slight easing in labor market conditions. ADP report provides early snapshot of employment trends.
Nasdaq 100 Notches Record Daily Close, Boosted By Mega-Cap Giants, Fed Rate Cut Optimism
Nasdaq 100 hits record high, boosted by tech giants Microsoft, Apple, and Amazon. Fed Chair Powell's comments fuel hopes for rate cuts.
Goldman Sachs: 10 Reasons Why Stock Risks Rise In The Second Half Of 2024
The U.S. stock market enjoyed an impressive performance throughout the first half of the year — the 21st best since 1900. As we move into the second half of 2024, equity investors face greater risks, according to a Goldman Sachs note issued Tuesday.
Stocks Hold Steady As Powell Reassures On Disinflation Path, Warns About Debt Risks; Tesla Rallies, Job Openings Spike: What's Driving Markets Tuesday?
U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell.
Fed Chair Powell Warns Of 'Unsustainable' US Debt Path, Downplays Risks Of Possible Trump Attacks On Central Bank Independence
Powell discusses careful approach to monetary policy, warns of unsustainable US debt path. No commitment to rate cuts, focuses on job and maintaining independence.
Oil Prices Near 3-Month High At $84 As US Travel Demand Hits Record, Hurricane Season Impacts Supply
Oil prices up on record U.S. travel and demand, supply issues from hurricanes and tensions in Middle East. Record car, air, and cruise travel projected.
Trump's Trade Tariffs Would Be 'Highest In The Postwar Period' And Increase Inflation, Says Goldman Sachs Economist
Trump's proposed tariffs could spark a global trade war that will shock advanced economies and raise inflation.
SEC Sues Silvergate Capital For Alleged Securities Fraud In Wake Of FTX Collapse
SEC files lawsuit against Silvergate Bank for securities fraud, alleging misleading investors about compliance program amidst collapse of crypto exchange FTX. Former executives also named as defendants.
US Banks To Benefit From 'Higher For Longer' Interest Rates: Goldman Sachs Sees 'Modestly Attractive Entry Point' For Investors
Goldman Sachs analysis predicts sustained high interest rates will boost profitability for U.S. banks. Analyst expresses optimism for Q2 earnings.
Top Performing Industry ETFs In June: Software Leads Returns, Chipmakers Attract Most Inflows
June saw gains in the U.S. stock market, with tech and biotech leading the way. Semiconductor ETFs saw strong inflows, while utilities lagged.
Stocks Inch Up, Bonds Dip; Tesla And EVs Rally; Oil Tops $83: What's Driving Markets Monday?
It’s a mixed start to the week on Wall Street, with major large-cap indices slightly above the break-even point by midday trading in New York.
Manufacturing Contracts More Than Expected In June, 'Putting Pressure On Profitability': Yields Rise, Stocks Fall
US manufacturing sector deteriorated more than expected in June, with contraction for third month in a row. Production down, demand weak, prices cooling.
European Markets Surge As French Election Results Ease Investor Fears Over Potential Fiscal Turmoil
Euro markets rose on French election results, as far-right party won first round but may not secure majority. Lower German inflation boosts ECB rate cut hopes.
Inflation Reaches Over 3-Year Lows, Rate Cuts Are Getting Closer, Trump Dominates Debate: This Week In The Market
Inflation trends towards Fed's 2% target, interest rate cuts expected. Biden's disappointing debate performance increases odds of being replaced. Tech stocks pose risk in stock market, but banks show resilience. U.S. household savings depleted, leading to rising delinquencies and debt.
Goldman Sachs: The Worst For Commercial Real Estate Market May Be Over, But 'It Is Likely To Take Longer To Inflect Positive'
Worst may be over for CRE assets, but full recovery is far. Market at/bottom, but rebound will take time. Some cities improving, but challenges remain.
Wall Street Falters Despite Drops In Fed's Favorite Inflation Rate; Energy Stocks, Yields Rise On Trump's Debate Performance: What's Driving Markets Friday?
Wall Street experienced a lackluster session during midday trading in New York, with major indices inching slightly lower despite the arrival of positive inflation data.
Economists Endorse September Fed Rate Cut As Inflation Falls To March 2021 Level: 'The Policy Mistake Has Already Been Made'
Economists welcome decline in inflation, signaling progress for Fed's target. Market predicts 2 rate cuts by Dec 2024. Experts interpret data release.