LONDON: Oil prices rose slightly on Friday in a volatile trading session, following a big sell-off the previous day as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened expectations of any imminent recovery in fuel demand. Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel by 1450
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Dollar is generally firmer as markets enter into US session. Futures point to a flat open, but investors are clearly on guard of selloff before the weekend. Cautiousness is keeping Yen afloat too, even though Swiss Franc is lagging behind. As for today, Sterling is the worst performing one, followed by Swiss, and then Aussie.
The Federal Reserve on Friday declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings, in a move that could upset Wall Street and the bond market. In a brief announcement, the Fed said it would allow a change to the supplementary leverage ratio
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx reported better-than-expected profits and revenues in its most recent quarter after an “unprecedented” peak holiday shipping season, despite severe weather in February that “significantly impaired” operations
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USD/CNH is likely to navigate between 6.4730 and 6.5360 in the next weeks, commented FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that USD ‘could dip below 6.4850’. However, USD rebounded to an overnight high of 6.5151 after touching 6.4850. Despite the rebound, upward momentum has not improved by
WTI down over 1% to $59.11 Risk sentiment is hitting a bit of a snag going into European trading, with oil prices falling further by a little over 1% now to a low of $59.11. That extends the near 8% drop in oil from yesterday as the commodity pulls back from recent highs and trades
Europe has some catching up to do Eurostoxx -0.4% Germany DAX -0.6% France CAC 40 -0.4% UK FTSE -0.9% Spain IBEX -0.9% This comes after European indices closed higher yesterday, “missing out” on the late selloff in US equities. Hence, there is some catching up to do to the declines overnight. That aside, the overall
KOLKATA: Gold loan offtake has slowed down in Q4 of FY21 due to sharp correction in gold prices. Prices of gold have fallen from Rs 51,000 per 10 gm in the beginning of January to Rs 45,000 per 10 gm now. The NBFCs said that the assets under management for this quarter is likely to
Renewed surge in US treasury yields overnight sent stocks lower. Risk-off sentiments continued in Asian session general. Australian Dollar is currently the worst performing one for the day, weighed down further by weak retail sales data. Canadian Dollar is following as second weakest, as oil priced tumbled. Swiss Franc, Yen and Dollar are the stronger
The Federal Reserve building is pictured in Washington on Monday, March 8, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot plot projections budged little
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its
Regulators may see crypto’s recent growth as a problem, according to Messari CEO and founder Ryan Selkis. “I’ve never been more bullish on crypto but I think everyone might be mispricing global regulatory risk,” Selkis tweeted on Thursday, adding: “When crypto looks like a toy, it’s not a threat. When stablecoins hit PayPal volumes and
EUR/USD has been on the back foot near the entirety of Thursday’s session and has dropped back into the low 1.1900s. Rising US government bond yields have been the main factor driving the downside. But news of Covid-19 restrictions being tightened in France is weighing on the euro. EUR/USD, which has been under selling pressure
Nasdaq breaks 3 day up streak The US stocks are closing near the session lows with the Nasdaq leading the way. The tech heavy Nasdaq plunged over 3% lower and snapped a 3 day up streak. The other indices all closed lower as well. The final numbers are showing: S&P down -58.66 points or -1.48%
The BOJ will announce the result of the policy review today. Preview: Which does seem to be what to look for: There is no scheduled time for this, sometime after 0230 GMT is expected. 2330 GMT Tokyo inflation data for February – Tokyo area CPI (national level CPI for the month follows in three weeks)