Nasdaq up marginally The US stocks are off and running and the indices are mixed with marginal gains/losses. A snapshot of the major indices currently shows: S&P index -7.46 points or -0.22% at 3239.52 NASDAQ index up 21 points or 0.21% at 10965 Dow -70 points or -0.26% at 26747 in the US debt market, the yields are
Month: September 2020
GBP/USD: Bulls need above 1.3000 to really push ahead once more [Video] As with EUR/USD there has been a mild tick higher on Cable as the strength of the dollar rally has just eased in the past 24 hours. However, this is likely to be another chance to sell as the growing medium term pressure
The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions. But
New Delhi: Copper prices on Friday rose by 0.21 per cent to Rs 518.75 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.10, or 0.21 per cent, at Rs 518.75 per kg in a business turnover of 3,592 lots.
Dollar and Yen retreat mildly today risk aversion recedes slightly. But as Asian markets struggle to find momentum for a rebound, risk aversion could come back any time before weekly close. As for the week, the greenback remains the strongest one, followed by Yen. Australian Dollar is the worst performing, followed by New Zealand Dollar.
shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion has been erased from U.S. GDP
The potential Bitcoin Cash fork in November is looking increasingly likely, with 63% of the last 1,000 BCH blocks being mined using the community’s breakaway Bitcoin Cash Node (BCHN) implementation. BCHN appears to be ahead on multiple fronts. According to data published by Coin Dance, in total, roughly 82% of the hashrate on the Bitcoin
A up and down day in most major pairs today The forex market had some ups and downs in the USD today. The day started with the greenback higher. It remained near high levels as London traders headed to the exit. However, some selling in the NY afternoon session has erased a lot of the earlier
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The emerging market currencies have been slammed over the past week or so. Names like Brazilian real, Mexican peso and South African rand have declined by 5.65% to 4.48%, respectively. “We are in a real EM sell-off now,” Robin Brooks, chief economist at the Institute of International Finance (IIF) and former chief strategist at the
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LONDON: Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions. Brent crude futures were up 10 cents, or 0.2%, to $41.87 a barrel by 1100 GMT, while U.S.
Dollar remains the strongest one for the week, followed by Yen, as risk aversion continue to dominate. The recovery attempts in European stocks appeared to have faded very quickly while DOW futures point another day of lower open. Sterling is relatively resilient, with some support from the new jobs support scheme announced by UK Finance
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Exceptional demand for both new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.
A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from
NASDAQ index fell -3.07% yesterday The US stocks are opening lower with the NASDAQ leading the way again. Recall from yesterday, the tech heavy NASDAQ index fell by -3.07%. The S&P index fell by -2.37%A snapshot of the market currently shows: S&P index -0.25% NASDAQ index -0.42% Dow industrial average -0.21% The S&P and NASDAQ are down for the 6
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