In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue:
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Energy markets are not pricing in a significant rise in supply risk premia, TDS commodity strategist Daniel Ghali notes. A marginal rise in energy supply risk premia “Our analysis of the cross-section of commodities returns reveals that the rally in crude oil prices is largely consistent with that of the complex, uncovering only a marginal rise
Fundamental Overview The Nasdaq has been on a steady decline since the last US CPI report on July 11th. In the first stages of the pullback, we’ve been seeing a rotation from big cap stocks into small cap stocks as the Russell 2000 displayed an opposite price action. Eventually, the bearish momentum picked up and
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
Post the US Fed hinted to cut rates in September, Gold October future contracts at MCX opened on Wednesday at Rs 70,005 per 10 grams, which is up by 0.5% or Rs 350 while silver September futures contracts were trading at Rs 83,967/kg, up by 0.44% or Rs 371. Gold prices have increased by Rs
Dollar remained relatively steady following the balanced post-FOMC press conference, with notable exceptions against the stronger yen and Swiss franc. Fed Chair Jerome Powell explicitly mentioned the possibility of a rate cut in September but refrained from making any firm commitments or providing extended guidance. While markets are aggressively betting on three Fed cuts this
People shopping at the downtown market, Cour Lafayette, in Toulon, on July 27, 2024. Magali Cohen / Hans Lucas | Afp | Getty Images Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday, even as price growth in the services sector eased slightly. In June,
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago, as the lender’s net interest income in its
NZD/USD struggles to capitalize on its modest intraday uptick to over a one-week peak. China’s Caixin Manufacturing PMI unexpectedly contracted in July and acts as a headwind. The post-FOMC USD selling and the risk-on mood continue to lend support to the Kiwi. The NZD/USD pair reverses an intraday dip that followed the disappointing release of
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
Gold October future contracts at MCX opened on Wednesday at Rs 69,500 per 10 gram, which is up by nearly 0.50% or Rs 322 while silver September futures contracts were up by 0.85% or Rs 702, trading at Rs 83,361/kg. Gold prices surged by nearly 1.3% or Rs 900/gm in two days while silver prices
Dollar dipped as weaker-than-expected ADP job data hit the market entering US session. However, the movement has been limited with traders bracing for FOMC rate decision. Fed is widely expected to keep its policy rate unchanged at 5.25-5.50% today. The main focus is whether Fed will signal enough “confidence” to start cutting interest rates in
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on
In this article ARM Follow your favorite stocksCREATE FREE ACCOUNT Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 10% in extended trading on Wednesday after the chip-architecture maker issued light
The Chinese economy remains weak, according to the PMIs released this morning. The manufacturing index fell slightly, remaining below 50 for the third consecutive month, while the non-manufacturing index (services and construction) fell to 50.2, the lowest level ever recorded (except for 4 months when acute coronavirus outbreaks led to lockdowns) , Commerzbank’s FX analyst
Fundamental Overview The S&P 500 has been on a steady decline since the last US CPI report on July 11th. In the first stages of the pullback, we’ve been seeing a rotation from big cap stocks into small cap stocks as the Russell 2000 displayed an opposite price action. Eventually, the bearish momentum picked up
Prior was 150K (revised to 155K) Annual pay growth for job-stayers slowed to 4.8%, lowest in 3 years, down from 5.0% prior Job-changers’ pay gains dropped to 7.2% from 7.7% More details: Goods-producing sectors added 37K jobs, with construction leading at +39K Services sectors added 85K, led by trade/transportation/utilities at +61K Professional/business services saw notable