A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023. Bloomberg | Bloomberg | Getty Images In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation hit nearly 65%, according to the Turkish
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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 on Wednesday that beat consensus estimates on the top and bottom lines. Shares jumped 13% in
Share: Alibaba management approves another $25 billion worth of buybacks. BABA trades lower as profits fall from a year ago, revenue growth slows. Alibaba stock continues to trade about 75% off its 2020 high of $319. Retail sales have slowed nationwide in China as real estate bubble unwinds. Alibaba (BABA), once the leading light among
In New Zealand today, the key quarterly employment statistics will be released expectations at the unemployment rate is expected to rise to 4.3% from 3.9%. The labor cost index is expected to rise also by 0.8% versus 0.8% last month. Technically, the price of the NZDUSD is “hanging around” some key/important technical levels. On the
Prior +1.1% UK house prices rose for a fourth month in a row, with the average cost of a home now seen at £291,029. Of note, property prices are up 2.5% on an annual basis, its highest since January last year. Halifax notes that: “The recent reduction of mortgage rates from lenders as competition picks
Gold traded with declines on Wednesday amid a stronger dollar index (DXY) which stayed at an eight-week high level. The better-than-expected US jobs data has dashed Street’s hopes of an imminent rate cut by the Federal Reserve strengthening the greenback. Taking cues from the global price trends, the MCX April gold futures were trading at
Commodity currencies are the main movers in Asian markets today, gaining broadly, albeit against a backdrop of continued weak momentum. This situation unfolds as Chinese stocks carry forward their rebound from earlier this week, showcasing a divergence from Hong Kong’s market dynamics, where signs of profit-taking are beginning to surface. The anticipation surrounding China’s proposed
A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer has warned, with global borrowings hitting a record of $307.4 trillion last September. Both high-income countries as well
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023,
Share: Here is what you need to know on Wednesday, February 7: The US Dollar (USD) struggles to gain traction early Wednesday, with the USD Index (DXY) holding steady slightly above 104.00 after snapping a two-day winning streak on Tuesday. Goods Trade Balance for December will be featured in the US economic docket and the
As London/European traders look for the exit, the USD is ready to new lows versus the GBP, JPY and CAD (the dollar is also moving lower vs other pairs). Helping is the fall in yields. The 2 year is down -5.6 basis points. The 10 year is down -6.0 basis points. In this video I
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 regained some ground on Tuesday on a slight pullback in the U.S. dollar and Treasury yields, while traders positioned for remarks from several Federal Reserve officials this week to gauge the likely pace of interest rate cuts this year. Spot gold rose 0.3% to $2,030.49 per ounce, as of 10:00 a.m. ET (1500 GMT),
Dollar is largely in a state of consolidation today, except with a minor uptick observed against Swiss Franc. In the absence of significant economic data from the US, market participants are poised to gauge the sentiment from forthcoming comments by Fed officials. However, the broader market dynamics, particularly the interplay with other financial markets, could
Adam Gault | OJO Images | Getty Images Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday. Debt that has transitioned into “serious delinquency,” or 90 days or more past due, increased across multiple categories during the year, but none
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020. Mike Blake | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug,
Share: Canadian Dollar halts the slide but fails to recover ground. Canada’s PMI, Building Permits muddy the waters. BoC Governor Macklem due to speak in Montreal. The Canadian Dollar (CAD) managed to pump the brakes on a two-day backslide on Tuesday, but a recovery seems limited as Canadian economic figures look mixed. Loonie bidders await