Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed batch of economic data, while firmer risk sentiment also sends Swiss Franc and Yen lower.
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A ‘Open House’ sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Shares of the biggest names,
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Data released on Wednesday showed the economy expanded at a 0.4% rate in October. According to National Bank of Canada analysts point out that the real question remains whether the recovery can be sustained, especially with more stringent lockdown measures to control the spread of coronavirus. Key Quotes: “Real GDP continued to recover in October, gaining
Gold is trading up by over 5% since the start of the month Despite a bit of a pullback from $1,900 from earlier in the week, gold has had a stellar month so far and if the seasonal pattern is anything to go by, January promises to be yet another solid month for gold buyers.
Comments by UK housing secretary, Robert Jenrick We are working through the serious issues There is not yet sufficient progress There is not yet a deal the PM thinks he can sign up to The same old story we’ve been hearing for weeks and months on end, as the clock continues to tick down to
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017. But when the plan comes from a team including a Google X engineer and the co-founder
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Wednesday as traders booked profits but the losses were checked by grim macro data and US stimulus. US Congress passed a massive Covid-19 aid and government funding package overnight aimed at bolstering the nation’s battered economy. Data on Tuesday showed US consumer
Gold’s rebound late November has continued for a third week. Besides bargain hunting, Fed’s pledge to keep the policy rate low and strengthening in the forward guidance in QE, as well as the latest fiscal package approved by the Congress are the key driving forces supporting the yellow metal. The US congress has managed to
Asia-Pacific part ways from S&P 500 Futures, US 10-year Treasury yields. China’s CSI 300 rises 1.0% to regain 5,000, NZX 50 and ASX 200 are gainers too. US President Donald Trump obstructs stimulus but House Speaker Pelosi showed readiness to add more. Aussie trade balance improves, BOJ Minutes favor easy money. Asian shares remain mildly
Dow closes nearer session low The US stock indices are ending the session with mixed results. The S&P index is trading down modestly, the NASDAQ index is leading the way to the upside. The Dow is the worst performer. The small-cap Russell 2000 is ending nearer up 1%. It and the Nasdaq index closed the day at record highs. The S&P is
Irish PM Martin speaks to reporters in Dublin The Irish PM Martin is on the wires saying: Thinks a deal is more likely than a less likely Would like to see a deal before Christmas. Talks may go beyond December 25 Number of ways to deal with fishing issue aside from over percentage share There is little reaction
Gold prices fell Rs 243 to Rs 49,653 per 10 gram in the national capital on Tuesday, reflecting the weakness in global price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,896 per 10 gram. Silver prices also declined Rs 216 to Rs 67,177
It seems that traders are already on holiday with the subdued market activity today. Sterling softens again on reports that EU rejected UK’s latest proposal on fishing rights. Australia and Zealand Dollars also dip mildly. On the other hand, Swiss France firms up together with Euro, followed by Dollar and Yen. Gold and oil are
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images After five consecutive months of gains, closed sales of existing homes turned lower in November. They fell 2.5% on a month-to-month basis to a seasonally adjusted annualized rate of 6.69 million units, according to the National
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