Russell index rises by 2.36% The major indices are all closing at record high levels, with today the Dow Industrial Average joining the S&P, Nasdaq and smaller cap Russell 2000 index (they each closed at records on Friday). The indices are also closing near the highs for the day. Leading the way is the Russell 2000 which is
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Comments in an RBNZ report on financial stability There is evidence of a speculative dynamic emerging with many buyers becoming highly leveraged Now concerend about the risk a sharp correction in the housing market would pose for financial stability LVR restrictions do not apply to new residential construction Putting in place more stringent LVR restrictions
Bitwise, one of the world’s largest cryptocurrency fund managers, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to launch an exchange-traded fund for so-called “crypto innovators.” The fund manager filed Form N-1A with the securities regulator on Feb. 5, where it outlined its intent to offer the Bitwise
LONDON: Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President Joe Biden‘s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on
Shoppers pass a Coach display in Macy’s, New York. Scott Mlyn | CNBC Coach-owner Tapestry said Thursday its sales fell 7% during the holiday quarter as the retailer tries to claw its way back from the losses seen during the pandemic. The company appeared more optimistic, however, about shopper demand strengthening later this year, but
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USD/CHF regained positive traction on Monday and was supported by a combination of factors. The risk-on environment undermined the safe-haven CHF and extended some support to the pair. Surging US bond yields benefitted the USD and remained supportive of the intraday positive move. The USD/CHF pair maintained its bid tone through the first half of
Risk-on sentiments continue in Asian session today with Nikkei hitting 30-year higher, while oil prices are also back at pre-pandemic level. Yen and Swiss Franc are currently the weakest one, together with Euro. On the other hand, commodity currencies are leading the way up naturally. Dollar and Sterling are mixed in between. Technically, EUR/USD is
Dollar pushes slight gains across the board to start the day EUR/USD has eased from 1.2045 to a session low of 1.2025 but still keeping within its key hourly moving averages for the time being, as the dollar gains some slight ground across the board on the back of higher Treasury yields. Elsewhere, the greenback
Latest data released by the SNB – 8 February 2021 Domestic sight deposits CHF 640.2 bn vs CHF 637.4 bn prior Prior week’s release can be found here. Overall sight deposits ease a little in the past week as the SNB appears to have taken its foot off the pedal in recent weeks. The more
SINGAPORE: Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. Brent crude for April touched an intraday high of $60.06 a barrel, the highest since
People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics said Thursday that continued high demand for Covid-19 testing helped drive record revenues and earnings for the company in the fourth quarter and full year 2020.
AUD/USD begins the week with a 10-pip gap to the south despite Friday’s heavy run-up. Market sentiment stays positive amid stimulus hopes, vaccine developments even as Friday’s US employment came in mixed. Wall Street benchmarks flirted with record top, US 10-year Treasury yields rose to 11-month high. No major data/events in Asia keeps risk catalysts
Ups and downs continue in the NZDUSD pair The NZDUSD has tilted the bias back to the upside after moving back above the 50% of the range (going back to January 20) and the 100 and 200 hour MAs. Those three technical levels are between 0.7176 and 0.71809. The lows today tested the low from Tuesday