Latest data released by INSEE – 21 January 2021 Prior 91 Manufacturing confidence 98 Prior 93; revised to 94 Services confidence 91 Prior 90 French business morale improved slightly with services confidence keeping steadier while industrial confidence jumped, brushing aside all the recent virus pessimism. That’s an encouraging start to the year in terms of
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NEW DELHI: Gold and silver futures prices in the domestic market continued to gain in the morning trade on Thursday bucking the trend in the international market, as hopes of a massive stimulus bolstered the prospects for precious metals. US President Joe Biden signed a string of executive orders, shortly after being sworn in on
The January BOJ is non-eventful. Cautioning that risks to the economic outlook is tilted to the downside, the central bank announced to leave all its stimulus measures unchanged. In contrast to speculations, the central bank did not adjust the implicit trading band of the 10-year JGB yield. There is a minor tweak in economic assessment.
A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall
USD/JPY trades near 103.53 versus 103.67 early Thursday. BOJ keeps key policy tools unchanged, revises 2020 growth forecasts lower. Bank of Japan’s (BOJ) status quo rate decision and downward revision of current economic assessment struggles to elicit a reaction from yen traders, leaving USD/JPY sidelined above 103.50. The Japanese central bank has kept interest rates
When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the U.S. Senate Finance Committee. In the same meeting, Yellen also told Congress to “act
Bitcoin bounces Bitcoin was down as much as 8% today but has cut the loss in half. It’s trading $1500 lower to $34975 after falling as low as $33,387. In the bigger picture, there’s a clear consolidation ongoing in the 30-40K range. Today’s dip below the Jan 17 low could have been a strong negative
Strong day for stocks The S&P 500 is up 60 points to 3858 in a big day for risk appetite. The Nasdaq is up 2.2% in a notable shift away from value and back to growth. This leg in the move in stocks hasn’t left much of an imprint on FX and Treasury yields are
Gold gained for the third day on Wednesday rising Rs 347 to Rs 48,758 per 10 gram in the national capital in line with rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,411 per 10 gram. Silver also witnessed buying as it
Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected inflation reading, and await BoC rate decision and the next move in oil price. In
James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a
USD/TRY adds to Tuesday’s losses in the proximity of 7.40. The CBRT decides on the interest rate on Thursday. Markets’ attention remains on the US Inauguration Day. The Turkish lira extends the upside momentum so far this week and now drags USD/TRY to the proximity of 7.40. USD/TRY cautious ahead of the CBRT USD/TRY trades
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The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three major reasons why the price of Bitcoin declined steeply in the past 12 hours. The reasons are an overheated derivatives market, growing doubt in the market, and the lack of upside volatility.
Gold trades up by 0.8% on the day For bank trade ideas, check out eFX Plus Price is trading closer to $1,855 currently as gold buyers are starting to try and push things in their favour a little in trading today. Of note, we are seeing price move back above the 200-day moving average (blue
A slight advance to kick start the session Eurostoxx +0.4% Germany DAX +0.2% France CAC 40 +0.3% UK FTSE +0.1% Spain IBEX +0.4% For bank trade ideas, check out eFX Plus This reflects the more positive mood in US futures as well, with S&P 500 futures up 0.2% and Nasdaq futures up 0.6% currently. Equities