Month: December 2021

Gold was set for a third straight weekly drop on Friday, weighed down by signals from Federal Reserve officials that the central bank could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. FUNDAMENTALS * Spot gold rose 0.1% to $1,771.04 per ounce by 0056 GMT after hitting
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US Nonfarm Payrolls rose at a much slower pace than expected in November. However, an underwhelming print did little to undermine the USD. Economists at TD Securities think it will be very difficult to sell the USD as a thematic strategy given the global monetary policy setup. Fed’s hawkishness to be a significant offset to
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Both official and Caixin’s PMI reports suggest that China’s economic recovery remains fragile. Slipping into the contractionary territory, Caixin’s manufacturing PMI dropped -0.7 point to 49.9 in November. The official manufacturing PMI, however, climbed +0.9 point to 50.1 during the month, reclaiming expansion for the first time in 3 months. Both reports suggested stronger output
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DocuSign CEO Daniel Springer. Source: DocuSign DocuSign shares plummeted by almost 30% in extended trading on Thursday after the developer of e-signature software provided a forecast for the end of the year that missed analysts’ estimates. Fourth-quarter revenue will come in at between $557 million and $563 million, DocuSign said in its earnings report for
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Dow, S&P and NASDAQ snap a two day losing streak The S&P and Dow indices erased yesterday’s losses. The Dow S&P and NASDAQ erased today losses. The Russell 2000 index also rose after declines over the last few days took the price 10% off its all-time high before rebounding. The final numbers are showing: Dow industrial
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