Markets: WTI crude down 20-cents to $88.14 US 10-year yields down 7.6 bps to 4.91% Gold up $5 to $1978 S&P 500 down 56 points, or 13% GBP leads, NZD lags Equities took another beating but there were signs of optimism elsewhere. Buyers arrived in fixed income after a test of 10s early in US
Month: October 2023
Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially all its customer solutions and every layer of tech stacks. The firm has made several significant AI plays in 2023, with its partnership with OpenAI and its web browser-integrated AI Copilot being key
Gold price rallied Rs 750 to Rs 61,650 per 10 grams in the national capital on Friday amid strong cues in overseas markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 60,900 per 10 grams. “Gold price advanced on Friday, following strong gains in the overseas market,” Saumil
Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The country’s Defence Minister, Yoav Gallant, has reportedly alerted troops that they will soon see Gaza “from inside”, and “the command
Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023. Pool | Via Reuters The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S. Department of the Treasury announced Friday. Wrapping up a
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday. The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and
Share: Mexican Peso remains defensive, as it registered over 0.70%% weekly loss vs. the US Dollar. Mexico’s August Retail Sales mixed as the economy decelerates. Geopolitical risks cap Peso’s gains, including tensions in the Middle East and US military base attacks. Mexican Peso (MXN) stays firm versus the US Dollar (USD) as Wall Street closes,
The AUDUSD is in the midst of a down-and-up market today. The move to the downside did find support against the lows from yesterday near 0.62953 (and above the low from last week and 0.62858 too). The low price today reached 0.62967. The price rebound has moved up toward the high from the early Asian
Nasdaq Comp daily The Nasdaq continues to bleed lower and is now within striking distance of the September 27 intraday low of 12,963. The S&P 500 chart looks similar and the Russell 2000 has already broken down. Few investors are willing to step in until after we see how far the Gaza war extends and
The quantum of inflow into gold exchange-traded funds dropped to Rs 175 crore in September after hitting a 17-month high in the preceding month, owing to profit booking. Apart from the inflows, the asset base of Gold Exchange Traded Funds (ETFs) also decreased in the period under review, as per the data from the Association
Global stock markets continues to face turbulence today, with Asian indices wrapping up in the negative zone, European markets showcasing bearish sentiments, and US futures indicating a subdued opening. A heightened sense of caution permeates the investment community due to the intensifying conflict between Israel and Hamas in the Gaza strip, fueling concerns of possible
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024. Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2%
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. While
Share: Pound Sterling dropped after data showed that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests a weakening household’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged. The Pound Sterling (GBP) retreated after the UK Office
The major US stock indices are trading to new session lows. The NASDAQ index is leading the way with a decline of -0.82%. The S&P is down -0.71% and the Dow Industrial Average is down -0.55%. The NASDAQ index tried to get back above its 100-hour moving average currently at 13389.92 in trading today, but
The U.S. Department of Energy is looking to purchase 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January. Part of replenishment efforts. Looking to buy the oil at $79 a barrel or less Up from its earlier preferred range of around $70 a barrel Huh. Who wants
Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September. In an Oct. 19 statement, Binance announced that it had signed agreements with new fiat partners for euro payments, deposits, and withdrawals. The move follows regulatory and debanking woes
Gold prices hit a three-month peak on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve may be done with rate hikes. FUNDAMENTALS * Spot gold was steady at $1,973.99 per ounce by 0132 GMT, after hitting its highest since
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