Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a
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Stock traders on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images News | Getty Images Many large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to
US S&P Global Composite PMI rose to 55.3 in November’s flash estimate from 54.1 in October, showing that the business activity in the US’ private sector continued to expand at an accelerating pace. S&P Global Manufacturing PMI improved to 48.8 from 48.5, highlighting an ongoing contraction, while the Services PMI rose to 57 from 55. Assessing the survey’s
Swiss Franc and US Dollar appreciated broadly today as investors sought safe-haven assets in response to escalating geopolitical risks. Gold extended its near-term rebound, while Bitcoin surged to a new record high, reflecting heightened demand for alternative stores of value. The catalyst for this shift was a warning from Russian President Vladimir Putin that the
Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged due to the lack of catalysts at three rate cuts by the end of 2025. This morning, we saw some strong bids in the greenback entirely due to the weak Eurozone PMIs as
Novak had graduated from being Russia’s energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC. Adding that: “Russia will continue to be a key player in the oil market, maintaining its status as a
Gold December futures contracts at MCX opened higher today at Rs 77,018 per 10 grams, which is up by 0.42% or Rs 325, and silver December futures contracts were trading at Rs 90,052/kg, up by 0.14% or Rs 127. Gold futures prices surged for the 5th consecutive session today, gaining nearly Rs 3,100/10 grams while
In this article GAP Follow your favorite stocksCREATE FREE ACCOUNT People walk past an Old Navy store on Fulton Street on April 11, 2024 in Downtown Brooklyn in New York City. Michael M. Santiago | Getty Images Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company
Gold price scales higher for the fifth straight day and touches a nearly two-week high on Friday. The worsening Russia-Ukraine conflict continues to drive haven flows toward the XAU/USD. Bets for a less dovish Fed, elevated US bond yields, bullish USD does little to hinder the move up. Gold price (XAU/USD) prolongs its uptrend for
Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then. While he
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
Japan inflation data October 2024, all figures are y/y. Headline national CPI 2.3% expected 2.2%, prior 2.5% CPI excluding Fresh Food & Energy 2.3% (often referred to as ‘core-core’ inflation, its the closest to US core inflation) expected Exp. 2.3%, prior 2.1% CPI excluding Fresh Food 2.3% (core inflation) expected Exp. 2.2%, prior 2.4% Yen
Written by , ETMarkets.com| Nov 21, 2024, 05:06:51 PM IST 1/7 Market Summary Indian market closed lower on Thursday tracking weak global cues. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 23,400 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, buying was seen in healthcare, IT and realty stocks while
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how
In this article INTU Follow your favorite stocksCREATE FREE ACCOUNT Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast
EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st. With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative. The EUR/CAD declined by 0.19% to 1.4700 in Thursday’s session, reaching its lowest level since July 1st. The currency pair has been falling steadily
Euro continues to trade on the softer side in an otherwise directionless market. Yet it’s holding above its low against Dollar, lacking sufficient momentum for a decisive breakout. Market participants and ECB policymakers are grappling with critical questions regarding the pace at which interest rates should be reduced towards neutral, and whether the terminal rate
Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This is generally a signal that the market is fine with the current pricing, and we would need stronger reasons
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