UPCOMING EVENTS: Monday: US Treasury Refunding Financing Estimates. Tuesday: Japan Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, US Consumer Confidence. Wednesday: Japan Industrial Production and Retail Sales, Australia CPI, Chinese PMIs, BoJ Policy Decision, Eurozone Flash CPI, US ADP, Canada GDP, US ECI, US Treasury Refunding Announcement, FOMC Policy Decision. Thursday: China Caixin
admin
Gold prices were little changed on Thursday as investors waited for U.S. economic data to gauge the timing of the central bank’s interest rate cuts. FUNDAMENTALS * Spot gold was unchanged at $2,398.17 per ounce, as of 0032 GMT. U.S. gold futures ticked 0.8% lower to $2,397.40. * Markets are awaiting the U.S. gross domestic
It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short positions. Alongside Yen, Swiss Franc and Dollar also emerged as winners, although
Dover on Thursday delivered better-than-expected second-quarter earnings and raised its full-year guidance — an all-around strong report that validates our decision to take a stake in the industrial name two months ago. Revenue in the three months ended June 30 totaled $2.18 billion, topping the consensus of $2.15 billion, according to estimates compiled by LSEG.
US Dollar DXY struggling to rebound amid mixed PCE figures and anticipations of Fed cuts. The possibility of a rate decrease by the Fed in September remains, though somewhat toned down. All eyes are now on next week’s FOMC decision. On Friday, the US Dollar, as depicted by the DXY, displayed some resilience despite encountering
The US stocks are moving lower with the broader S&P and Nasdaq indices below the midpoint of the days trading ranges. The indices still remain higher on the day, but in a week that has seen sharp moves lower, the leaking back to the downside is a disappointment. Looking at the Nasdaq, it is still
The US stocks have closed the week with gains on the day. The S&P and the Nasdaq remain lower on the week. The Dow and the small-cap Russell 2000 closed higher with the Russell 2000 the best performer on the rotation on hopes lower rates would help those companies going forward. The final numbers are
Domestic gold prices plunged drastically following a sharp cut in import duties in the latest Union budget. Gold prices were hovering above Rs 74,000 per ten grams in the futures market earlier this week but shed to Rs 67,400 later, the lowest level seen since the end of March. A drop in overseas prices further
Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies typically favored during periods of uncertainty. Nikkei has slipped below the 40k mark, while China’s Shanghai SSE is down over
In this article BMY Follow your favorite stocksCREATE FREE ACCOUNT The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the
Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn’t necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay. Key highlights The first cut doesn’t automatically lead to
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
For most of the week, the flow of funds sent the JPY and CHF higher on flight to safety flows. The AUD (and NZD) lower as risk off sentiment dominated on the back of slowdown in China, lower commodities and stocks moving lower. Today saw a reversal of some of those trends. For the day,
Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world’s largest energy consumer. But concerns about soft economic conditions in Asia’s biggest economies, China and Japan, capped gains. Brent crude futures for September rose 7 cents to $82.44 a barrel by
Trading in the forex markets remains subdued today as investors take a breather from a week of high volatility. Most major currency pairs and crosses are trading within yesterday’s ranges, with little reaction to US PCE inflation data. Annual Core PCE rate was surprisingly unchanged in June, but the slight monthly increase still indicates that
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates,
Kevin Sayer, CEO, Dexcom Scott Mlyn | CNBC Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out about $18 billion in
Stocks fluctuated on Thursday in a big way, with the daily trading range of the S&P 500 index exceeding 100 points. It closed 0.51% lower, indicating ongoing uncertainty and a generally bearish bias. This morning, the S&P 500 is expected to open 0.7% higher following the Core PCE Price Index release, which came in at