UPCOMING EVENTS: Tuesday: Japan PPI, UK Labour Market report, Switzerland CPI, German ZEW, US NFIB Small Business Optimism Index, US CPI. Wednesday: UK CPI, Eurozone Industrial Production. Thursday: Japan GDP, Australia Labour Market report, UK GDP, UK Industrial Production, Switzerland PPI, US Retail Sales, US Jobless Claims, US Industrial Production, US NAHB Housing Market Index,
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Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures slipped 20 cents, or 0.25%, on the day to $81.43 a barrel by 1223 GMT, while U.S. West Texas Intermediate crude futures fell by 9
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell about 3% in premarket trading. Here’s
Share: S&P 500 ended the week at a new all-time high above 5,000. Alibaba, PayPal and Disney were among noteworthy companies that reported earnings this week. Technology Sector is the best-performing S&P 500 major sector on Friday. The S&P 500 (SPX) index rose 0.57% to close the session at 5,026.61. The Dow Jones (DJIA) dropped
NASDAQ index is within 0.76% of all-time high closing level The NASDAQ index is moving closer to its all-time high closing level reached on November 19, 2021 at 16057.44. The intraday all-time high price was reached at 16212.23 on November 22, 2021. From that high level, the price of the index tumbled 37.77% to its
Spot gold closed with a loss of 0.48% at $2025 Friday as the US yields chugged higher to close 0.47% up at 4.177%. Spot gold was down nearly 0.70% on the week. The ten-year US yields firmed up by around 3.70% on the weekly basis, whereas the two-year yields were up roughly 2% on the
Sunday features the quintessential American cultural event — the Super Bowl. The game itself and its importance in American culture hint at what makes America what it is, and why US stock markets are at record highs as the rest of the world falls further behind. The fairy-tale version of United States excellence leans on
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut
Share: EUR/USD found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises. US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly planted on the low side
The USDCAD fell initially at the start of the North American session after the Canada jobs report, in the revisions to the CPI which was originally thought to be more than what it ended up being. The price moved to the high of a swing area between 1.3398 and 1.3414 before bouncing higher. Since then,
Gold slipped on Friday and was heading for a weekly fall, pressured by elevated Treasury yields, while investors awaited next week’s U.S. inflation data for more clues on the timing of the Federal Reserve‘s interest rate cuts. Spot gold was down 0.5% at $2,022.86 per ounce at 01:47 p.m. ET (1847 GMT) and fell 0.8%
The broader US stock indices continued to plow forward with the S&P closing above 5K for the first time ever. The Nasdaq traded above 16K for the first time since November 2021 and is now within 67 points of a new all time high close. The Dow did fall today but as Chevron, Disney and
Last week’s financial markets were characterized by a mix of resilience, speculation, and divergent central bank signals. In the US, the narrative remained steadfast with Fed officials emphasizing a patient approach towards monetary policy, firmly pushing back against the market’s eager anticipations for imminent rate cuts. This cautious did little to dampen the spirits of
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. NYSE Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than
Share: Cloudflare traded up as high as 22% on Friday after releasing earnings on Thursday. Cybersecurity firm beat earnings and sales consensus for the fourth quarter. Adjustment to inflation readings helped stock indices to the upside on Friday. NET stock may find support closer to $100 psychological level. Cloudflare (NET) stock has lost just 0.85%
The EURUSD has neutralized the price action from a technical perspective by holding support and resistance against comment technical levels. More specifically, on the downside today, the 100-hour moving average stalled the fall. That moving average currently comes in at 1.0762. On the topside, the 200-hour moving average (and the 50% of the move up
The benchmark US Natural gas prices have shed over 24% since the start of the year. In the key NYMEX platform, prices edged below $2 last week, its lowest level since September 2020. The resilience of short sellers, lack of new buying interest in anticipation of warmer-than-normal temperatures in the US, and expectations of increased
The USD is ending the session lower to end the trading week with most of the declines coming vs the AUD and the NZD. Overnight, ANZ reported that is now predicts that the Reserve Bank of New Zealand (RBNZ) will increase the Official Cash Rate (OCR) by 25 basis points in both February and April,