Shares of Danaher popped more than 6% on Tuesday after the life sciences company delivered a strong quarter and reaffirmed its guidance — signaling the longtime Club stock is back on track. Revenue for the period ended June 28 declined 3.5% organically year over year to $5.74 billion, outpacing analyst estimates of $5.59 billion, according
admin
Gold price bounces back in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the US Dollar limited. Gold price in India sinks after customs duty reduction. Gold price (XAU/USD) gains ground near the round-level resistance of $2,400 in Tuesday’s North American session. The precious metal finds cushion
Fundamental Overview The USD regained some strength in latter part of last week. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the end of the year and sees some chances of a back-to-back cut in November. The data continues to suggest that the
The Japanese yen is on its own at the front to start the week but the dollar is also seen holding slightly firmer now as after a short period of consolidation since Friday. Both EUR/USD and GBP/USD are down 0.3% to 1.0860 and 1.2895 respectively, touching their lowest levels since 11 July. The latter looks
Notwithstanding a cut in the customs duty on gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 6% or by Rs 4,268 per 10 gm to hit the day’s low of Rs 68,500, silver September futures on the MCX tanked by Rs 4,928 per kg or 5.5%
Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak consumer spending, which complicates their decision-making. The possibility of postponing the rate decision
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report second-quarter results before the bell Tuesday. Wall Street expects
WTI trades in negative territory for the fourth consecutive day $78.00 on Tuesday. Oil demand concerns continue to weigh on the WTI price. Morgan Stanley expects oil prices to drop to the mid-$70s in 2025 amid a surplus. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 on Tuesday. WTI price edges
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
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
Gold prices edged higher on Monday, aided by a softer dollar and expectations of a U.S. interest rate cut, while spotlight shifted to economic data for further insights into the Federal Reserve‘s monetary policy path. FUNDAMENTALS * Spot gold was up 0.3% at $2,408.19 per ounce, as of 0017 GMT. Prices scaled an all-time high
Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a stronger open, overall sentiment remains vulnerable. This fragility is largely due to political uncertainty in the US
In this article GM F STLA Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and
Gold price slips despite uncertainty over US presidential elections. US President Biden withdraws the re-election bid and nominates Kamala Harris to lead the Democrats. The US Dollar edges lower ahead of US data-packed week Gold price (XAU/USD) edges lower slightly below the key support of $2,400 in Monday’s New York session. The precious slips despite the nomination of Vice President Kamala
Fundamental Overview Bitcoin rallied strongly last week after a failed attempt to assassinate the former US President Trump. The market reacted positively to the event because he’s been a supporter of the crypto industry and Trump’s odds of winning the election soared. Last night, the price of Bitcoin dipped on the news that Biden dropped
US stocks will be looking to bounce back after a bit of a hiccup last week. Tech shares saw its worst showing since April with the Nasdaq erasing its monthly gains for July. So far today, we are seeing a calmer mood but it is still early in the day. S&P 500 futures are up
Gold August futures along with silver September futures contracts opened flat on Monday as the former opened up by 0.27% or Rs 194 at Rs 73,184 per 10 gram while the latter opened up by 0.03% or Rs 30 at Rs 89,676 per kilogram. Gold prices went down Rs 1,100/10 gm in the last 2
Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton while Trump said that Harris will be