Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany’s inflation surged to 2.4% in October, back above the European Central Bank’s 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print, announced by German statistics office Destatis,
admin
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86
EUR/USD edges higher to around 1.0855 in Thursday’s early Asian session. Private sector employment increased by 233,000 jobs in October. The Eurozone HICP and the US PCE inflation data will be in the spotlight on Thursday. The EUR/USD pair attracts some buyers to near 1.0855 during the early Asian session on Thursday. The weakening of
Dollar strengthened in the early session, buoyed by surprisingly strong ADP private sector job data that far outpaced expectations. This robust employment figure has bolstered optimism for Friday’s upcoming non-farm payrolls report, which many anticipate will confirm sustained strength in the US labor market. With job growth remaining solid, Fed may feel less pressure to
USDCAD Technical Analysis The USDCAD has experienced a volatile month, with one day remaining. Key milestones include: Monthly low: 1.3472 (October 2) Monthly high: 1.3938 (today) Trading range: 466 pips, second-largest since December 2022 Uptrend dominant throughout the month Technically: Price rarely dipped below 100-hour moving average Last breach: Thursday last week, with support at
Bank of America forecasts a 100k increase in October nonfarm payrolls, affected by Hurricane Milton and the Boeing strike, with average hourly earnings growth rising to 0.5% m/m. Despite potential data distortions, BofA expects the Fed to proceed with a 25bps cut at next week’s FOMC meeting. Key Points: Nonfarm payrolls projected to increase by
Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained
Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment
GE Healthcare reported a mixed quarter before Wednesday’s opening bell. While revenue slightly missed, an earnings beat along with a number of other positives pushed the stock higher. Revenue rose just under 1% year over year to $4.86 billion in the third quarter, just short the $4.87 billion expected, according to analyst estimates compiled by
The United States Gross Domestic Product is expected to grow at an annualised rate of 3.0% in Q3. The US economy continues to outperform its G10 peers. Investors anticipate the Federal Reserve will reduce interest rates by 25 bps in November. The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate
Australian Dollar’s misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week. More importantly, a rate cut in February now appears more probable than ever. While there are some
The USDCAD has been stretching higher and is extending closer to the high price from 2024 at 1.39458. Move above that level and traders would target the 2022 high at 1.3970. Get above that level and the pair is trading at the highest level going back to 2020. In this video, I outline those topside
It has been the case for a while now, especially with the manufacturing sector in such a dire state. Here’s the estimates for the Q3 GDP releases in key euro area countries this week: Germany -0.3% q/q (previously -0.1%) France +0.3% q/q (previously +0.3%) Spain +0.6% q/q (previously +0.8%) Italy +0.7% q/q (previously +0.9%; revised
Amid the festive season, gold December futures prices opened at a new lifetime high of Rs 79,535/10 grams on Wednesday, gaining Rs 300 or 0.38% while silver opened flat at Rs 98,431/kg, down by 0.3% or Rs 300. Gold prices at MCX had also hit a new high of Rs 79,281/10 grams in Tuesday’s session,
Human resources and technology concept for AI augmenting team work. Leowolfert | Istock | Getty Images The rise of artificial intelligence (AI) has been stunning in both its speed and impact. According to data from Goldman Sachs, investment in AI is expected to reach $100 billion in the U.S. and $200 billion globally by next
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management business. Here are Standard Chartered’s results for the quarter, compared with LSEG SmartEstimate,
The Australian Monthly Consumer Price Index is foreseen at 2.3% in September. Quarterly CPI inflation expected below 3%, but core figures are still seen as too high. The Reserve Bank of Australia will meet in early November to decide on monetary policy. The Australian Dollar could find some near-term demand on higher-than-anticipated CPI readings. Australia
Dollar extended its broad gains today, bolstered by the jump in US 10-year Treasury yield, which surpassed 4.3% as expectations grow for an expansive fiscal agenda following the US presidential election. In parallel, Bitcoin has surged past 70K for the first time since June, driven by speculation that post-election developments could accelerate efforts to expand
- « Previous Page
- 1
- …
- 44
- 45
- 46
- 47
- 48
- …
- 1279
- Next Page »