Euro rises mildly after ECB President Christine Lagarde sounded cautiously upbeat in the post-meeting press conference. Yet, there is no clear follow through buying for an upside breakout yet. Dollar is also not much supported by better than expected jobless claims data. The more notable movement today is the selloff in Sterling, as well as
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A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions
In this article INTC VMware CEO Pat Gelsinger speaks at the company’s VMworld conference in San Francisco in 2012. Kim Kulish | Corbis News | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first quarterly report at the helm. Intel’s earnings per share
Gold (XAU/USD) is attempting a tepid bounce after falling 1% on Thursday amid a sharp recovery staged by the US dollar. Risk-aversion gripped the markets on Bloomberg report that the Biden administration is proposing higher taxes on the wealthy to pay for its social plan. Flight to safety lifted the safe-haven greenback at the expense
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It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption. Last week, the New York Times published a piece in their “Climate and Environment” that sought to remind readers of the “astonishing environmental costs” of cryptocurrency mining. It’s a prime example of
Kansas City-area manufacturing survey data Prior was 26 The index of prices paid for raw materials compared to a month ago also reached the highest level in survey history. Full report Comments in the survey: “It is very difficult to handle the increased business with supply chain issues across all materials and finding anyone who
A number of tries below the 100 hour MA, but a number of fails too The NZDUSD has moved back below the 100 hour MA AGAIN. That MA currently comes in at 0.71793. The pair has seen a number of hourly bars below the rising MA line going back to late Tuesday. Each break eventually
Domestic gold and silver futures slumped on Thursday amid a rebound on Dalal Street as the yellow metal receded from a two-month peak overseas ahead of a policy rate decision by the European Central Bank. Weakness in the dollar, which makes precious metals more attractive for those dealing in other currencies, provided some support to
As we have anticipated, the ECB left all monetary policy measures unchanged in April. Policymakers indicated the current pace (increased since March) of asset purchases in the PEPP would remain intact. Other monetary policy measures will stay unchanged with the Asset Purchase Program (APP) (traditional QE) at 20B euro/ month and the deposit rate at
In this article .DJUSSD The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate for 603,000 and a new low for the Covid-19 pandemic era. Zoom In IconArrows
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
The March existing home sales report confirms what anecdotal data have suggested for some time that the housing market heated up well ahead of the rest of the economy, noted analysts at Wells Fargo. They highlight that prices have surged to record levels. Key Quotes: “Existing home sales fell 3.7% in March to a 6.01-million
Credit Suisse reports a net loss of CHF 252 million in Q1 The firm is providing an update to its financial status today, with some of the losses said to spill over into Q2 after the firm was caught late in unwinding their exposed positions to the Archegos blowup. Ouch. Invest in yourself. See our
Russell 2000 index biggest gainer on the day the major US stock indices are closing near their session highs. Each of the major indices are snapping a 2-day losing streak. The small-cap Russell index rose by near 2.4%. The NASDAQ index increase by 1.19%. Advancing the declines by 71 New highs on the NASDAQ grew by
TOKYO: prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. Brent crude futures fell 57 cents, or 0.9%, to $64.75 a barrel by 0157 GMT,