Shares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a “volatile economic environment.” Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become more able to tap into the technology directly for their
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Share: Mexican Peso appreciates for the seventh consecutive day, buoyed by soft US Dollar following mixed US jobs report. Banxico’s upcoming rate decision eyed closely after subdued Mexican inflation figures. US Nonfarm Payrolls exceed expectations, but revisions and higher Unemployment Rate fuel speculation of June Fed rate cut. The Mexican Peso appreciated for the seventh
USD GBP The BoE left interest rates unchanged as expected at the last meeting removing the tightening bias but reaffirming that they will keep rates high for sufficiently long to return to the 2% target. The employment report beat expectations across the board with a positive revision to the December’s negative payroll figure. The UK
The US dollar is at the lows of the week following the February non-farm payrolls report. The headline number was strong at +275K compared to +200K but underneath were some soft details. For starters, the prior two reports were revised collectively lower by 167,000 jobs, leaving total jobs lower than anticipated. The household survey also
A near Rs 3,000 per 10 grams surge in Gold over the last six to seven sessions and back-to-back lifetime highs has brought its mojo back after a lackluster February. Moreover, its one-year returns stand at an impressive 17.63%. But have gold mutual funds that track yellow metal prices performed with equal zeal? Here is
Dollar’s decline accelerated in the early US session, triggered by disappointing non-farm payroll data. Despite a seemingly robust headline job growth figure for February, the substantial downward revision of January’s numbers cast a shadow, marking the overall report as a miss. Moreover, the unemployment rate’s unexpected jump and the below-forecast earnings growth further dented investor
Job creation topped expectations in February, but the unemployment rate moved higher and employment growth from the previous two months wasn’t near as hot as initially reported. Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%, the Labor Department reported Friday. Economists surveyed by Dow Jones had been
In this article COST Follow your favorite stocksCREATE FREE ACCOUNT Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of the retailer fell about 4% in aftermarket trading. The retailer’s stock had hit a 52-week
Share: Gold price prints a fresh all-time high of above $2,180 amid multiple tailwinds. The US Dollar weakens on slower wage growth and higher Unemployment Rate in February. US Treasury yields plunge as Fed Powell delivers a slight dovish guidance on interest rates. Gold price (XAU/USD) extends its upside in Friday’s early New York session after a
As.the US session works toward the close, and the Asian-Pacific session looks to begin, what technical levels are in play for the major Asian-Pacific currency pairs including the USDJPY, the AUDUSD and the NZDUSD? This video outlines the bias-defining levels, the risks, and the targets for each of those currency pairs, and sets up traders
The US switches to daylight savings time at 2 am on Sunday, March 10. Clocks in the US will go forward one hour. What this means for those of us outside the US is we may (probably will) need to adjust starting and finishing times locally. For example, for those of us in Australia, taking
Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world’s top oil importer. Brent crude futures were down 58 cents or 0.7% to $82.38 a barrel by 1417 GMT, while U.S. West Texas Intermediate crude futures
Euro dips notably following ECB’s decision to maintain interest rates unchanged, coupled with downward revision in its inflation forecast. Specifically, ECB now anticipates that headline inflation will return to its target by 2025 and drop below 2% in 2026. However, the common currency found some footing during President Christine Lagarde’s press conference. Lagarde highlighted ECB’s
A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty Images Job growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue to keep up demand for workers. When the Labor Department releases the nonfarm
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall
Share: Australian Dollar consolidates with a positive bias ahead of US Nonfarm Payrolls. Australia’s S&P/ASX 200 Index rose to new record highs, following a tech-led rally on Wall Street overnight. Fed Chair Powell reiterated that the central bank could initiate rate cuts at some point this year. The Australian Dollar (AUD) attempts to continue its
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