Enrique Lores, CEO, HP Scott Mlyn | CNBC HP shares closed up less than 1% on Thursday after the PC maker reported fiscal first-quarter earnings that topped analysts’ estimates. HP stock was halted during the afternoon as shares suddenly rose. The company released its earnings report shortly after, though it had planned to announce the
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The European Central Bank (ECB) is ready to just all of its instruments and policy options include a deposit rate cut if needed, ECB Governing Council member François Villeroy de Galhau said on Monday, as reported by Reuters. Additional takeaways “Recent eurozone inflation rise shouldn’t be overstated, includes temporary factors.” “There is no risk of overheating in
USD/JPY moves up to 106.05 to start European morning trade This comes as Treasury yields are at the highs for the day, with 10-year yields up 4.5 bps to 1.421% and 30-year yields up 5.5 bps to 2.289%. This is putting some downward pressure on the yen and will be a key spot to watch
The meeting (via remote videoconference) of OPEC and non-Opec (i.e. OPEC+) is on March 4. The background to the meeting is a strong rise in pieces to pre-pandemic levels (oil is up again today) The US is recovering some output from the big freeze OPEC+ has constrained supply as vaccine rollout accelerates round the globe
Gold edged higher on Monday, recovering from an eight-month low touched in the previous session, as a weaker lifted bullion’s appeal. FUNDAMENTALS Spot gold rose 0.3% to $1,739.31 per ounce by 0108 GMT, after hitting its lowest since June at $1,716.85 on Friday. U.S. gold futures gained 0.4% to $1,736.10. The dollar slipped from a
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb
Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares were down as much as 4% in extended trading on Thursday after the enterprise-software company issued earnings that exceeded analysts’ estimates, but Salesforce came up short
Gold Price Analysis: XAU/USD corrrects to the 50% mean reversion target Gold prices have corrected a significant portion of the latest bearish impulse. Failures at this resistance could lead to a fresh downside impulse. As per the prior analysis for the open on Monday, The Chart of the Week: Gold correcting towards critical resistance from
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A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting
AUD/JPY up 0.5% to 84.76, its highest levels since February 2018 The yen is weighed lower on the back of higher yields once again to start European morning trade, with AUD/JPY pushing to fresh highs in three years currently. The pair is looking to hold a push past the March to June 2018 highs around
The PM announced the new lockdown after a community case of coronavirus with an unknown origin was detected. Level 3 restrictions imposed, people can leave home only for essential shopping and essential work The rest of the country will be placed into a less restrictive alert level 2. — For the NZD this should mean a
NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver. Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of
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A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May and pushing the
What you need to know on Monday, March 1: The greenback appreciated sharply at the end of the week, finishing it with gains against all of its major rivals. Global indexes closed with sharp losses, except for the Nasdaq that managed to post an intraday advance. US Treasury yields continued to retreat ahead of the
Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour