In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024. Bing Guan | Bloomberg | Getty Images Nordstrom on Thursday fell short of Wall Street’s quarterly earnings expectations, as its off-price chain Rack outperformed the rest of
Month: May 2024
The Mexican Peso is at risk of reversing its long-term uptrend. Several analysts say MXN has peaked and is on the way down. Negative fundamentals include the Mexican and US presidential elections and a narrowing MXN-supportive interest-rate differential. The Mexican Peso (MXN) makes up earlier loses to trade about flat in its key pairs during the US session on
Fundamental Overview The USD got a boost from the strong US Consumer Confidence data which triggered an aggressive rise in long term Treasury yields. The report however just showed that the labour market remains resilient which is good news for growth and not necessarily bad news for inflation. The greenback benefited also from the risk-off
USD/CHF has seen gains in each of the opening four months this year. But in May trading, the pair looks set for its first monthly decline now. A chunk of that will owe to today’s drop, after having seen a bounce off key support at 0.9000 earlier this month. USD/CHF daily chart The combination of
Gold June contracts at MCX opened flat at Rs 72,105 per 10 grams on Thursday, however, silver July contracts were down by Rs 1,438 or 1.5% at Rs 94,724/kg amid the volatility and weakness in the global markets. The dollar index and the U.S. bond yields surged after hawkish statements of the U.S. Fed member
The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year debt that closed with higher than anticipated yields, raising alarms about weakening demand for US Treasuries. This concern was compounded
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April 30, missing the $9.18 billion expected
Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut. Key quotes Inflation path will be bumpy. General inflation trend is down. Path to 2% inflation is not assured. Job market is tight, but not as much as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Silver prices hit a lifetime high levels of Rs 97,100 in the local market on Wednesday, while gold prices rose Rs 250 in line with strong trends in the overseas markets, according to HDFC Securities. Continuing its winning run for the third straight session, silver soared Rs 1,150 to Rs 97,100 per kg. It had
Risk aversion is the prevailing theme in the global markets today, with major European indexes trading in the red and US futures pointing to a lower open. Australian Dollar reversed its earlier post-CPI gains and is currently the worst performer of the day, followed by New Zealand Dollar and Canadian Dollar. In contrast, Swiss Franc
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets,
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. Michael M. Santiago | Getty Images Abercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that
Oil pops above $80 for the first time in a month. Pressure in Oil markets is rising ahead of the OPEC+ meeting in June. The US Dollar Index edges up towards 104.50 after the Fed’s Kashkari hawkish comments. Oil prices extend their rally for a fourth consecutive day on Wednesday with tensions building up towards
Fundamental Overview Crude oil has been falling steadily since topping around the $87.50 level following the mutual retaliations between Iran and Israel. The drop has been kind of a head-scratcher as the market didn’t respond positively to the global growth expectations amid China and other major central banks policy easing, improving PMIs and OPEC+ extending
Here’s a snapshot of things so far today: Eurostoxx -0.7% Germany DAX -0.7% France CAC 40 -0.8% UK FTSE -0.3% S&P 500 futures -0.6% Nasdaq futures -0.6% Dow futures -0.5% The selloff in bonds yesterday is definitely throwing some caution up in the air. But despite the retreat in the last two days, things aren’t
Amid weakness in the dollar index and heightened geopolitical tensions, gold prices steadied as MCX gold June futures opened on Wednesday at Rs 72,203 per 10 grams, up 0.03% or Rs 23 while MCX silver July contracts opened 0.23% higher at Rs 95,670/kg. In the last three days, silver prices have risen by Rs 5,100
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