Pedestrians walk past a home with a “Sold” sign in San Francisco. David Paul Morris | Bloomberg | Getty Images Sales of existing homes rose a higher-than-expected 9.5 % in September to a seasonally adjusted annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually. Sales could
Month: October 2020
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were stronger than analysts
AUD is up on the day so far as early data gives the bulls a head start. PMI Composite index pops to 53.6 from 51.1 last month on strong Services number. AUD/USD is currently trading at 0.7131 between a range of 0.7112 and 0.7139 and up some 0.2% on the day so far. Early Asia has been kind to
The dollar is maintaining a slight advance for the most part thus far For bank trade ideas, check out eFX Plus The dollar is holding its ground on the session and is keeping a modest advance against the pound, as cable slips to a session low of 1.3093 and testing the 1.3100 handle. A drop
UK government raises job support aid, cuts employers’ contributions We are making job support scheme more generous Employees only require to work 20% of hours, previously 33% Firms only cover 5% of non-worked hours, previously 33% Maximum grant will increase to £3,750 from £1,875 previously Doubles grants for self-employed from 20% to 40% Cash grants
No major euphoria-worthy moments happened this week — the ecosystem is still cooling off. I think the biggest sign of that is Uniswap’s trading volume. After hitting a peak of slightly less than $1 billion in daily volume in early September, those numbers steadily deflated. Courtesy of Uniswap’s sleek dashboard. But despite the downtrend, I
New Delhi: Nickel prices fell 0.32 per cent to Rs 1,169.10 per kg in futures trade on Thursday as participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery traded lower by Rs 3.70, or 0.32 per cent, at Rs 1,169.10 per kg with a
Dollar recovers mildly in Asian session today but remains generally weak, as the worst performing one for the week so far. Sellers appear to be taking a breather for now, and wait for fresh development regarding fiscal stimulus, as well as the final Presidential debate before election. For now, European majors are the best performing
A worker uses a nail gun while installing trim in a home under construction at a Romanelli and Hughes Building Co. subdivision in Dublin, Ohio, July 9, 2020. Ty Wright | Bloomberg | Getty Images Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
Gold prices have fallen off their highs, cooling down as fiscal stimulus talks have yet to reach the final line. While both Republicans and Democrats are reporting progress, time is running out toward the elections and it is unclear if lawmakers would opt to pass legislation during the “lame duck” period. The precious metal was
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Up and down trading day on stimulus hopes The major US indices are ending the session with modest declines – but near the lows - in what has been an up and down session spurred on by the coronavirus stimulus talks out of Washington. The final numbers are showing: S&P index -7.64 points or -0.22% at 3435.48 NASDAQ index
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By Prathamesh Mallya A decade ago, investment in security and exchange instruments (stocks, bonds and commodities) was considered a gamble by many in India. This perception has, however, changed over the past couple of years. Today, the same set of investors can be seen investing in multiple instruments, be it mutual funds, stocks, and commodities.
Dollar tumbles sharply today together with US treasuries. 10-year yield breaks above 0.8% handle but that’s giving no support to the greenback. Instead, in a rather unusual development, Yen surges sharply at the same time. Stock futures are just steady. There are talks about the renewed hope for a stimulus deal. But we suspect that
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