NEW DELHI: Gold prices slipped on Thursday as the risk appetite of the investors improved. They looked to bet on riskier assets after a sharp fall earlier this week. However, the fall in precious metals was capped on . The dollar remained stronger and investors looked past economic threats from rising cases of the Delta
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Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by WTI crude oil’s reclaim of 70 handle. But Aussie and Kiwi remain the weakest at
[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and Urban Affairs to conclude his two-day appearance on Capitol Hill to discuss the economy and
In this article CROX Dina Rudick | Boston Globe | Getty Images Crocs reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand. The shoemaker’s stock jumped nearly 3% in premarket trading. Here’s how the company did compared with what analysts surveyed by Refinitiv
Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 12:30 GMT. Follow our live coverage of ECB’s policy announcements and the market reaction. [embedded content] About ECB’s press conference Following the ECB´s economic policy decision, the ECB President gives
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124 new cases today – the highest in this wave. 48 of these were circulating in the community for all of thier infectious period 39 for part of their infectious period more to come The news from the state to the south of NSW (Victoria, also in lockdown) was also worse today: Invest in yourself.
The NASDAQ index leads the way in a close finish The major stock indices are all surging into the close and closing near their highs for the day Dow S&P, NASDAQ post 2-day gains Dow S&P and NASDAQ erase losses from Monday’s a selloff Dow has best today rally since early March S&P and NASDAQ
LONDON: Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections. Brent crude futures gained 97 cents, or 1.4%, to $70.32 a barrel at 1136 GMT,
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.42 mmb to 1275.28 mmb in the week ended June 16. Crude oil inventory increased, for the first time since mid-April, by +2.11 mmb (consensus: -4.47 mmb) to 439.69 mmb. Stockpile increased in 3
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time
In this article JNJ In this photo illustration a Johnson & Johnson logo is seen in front of a medical syringe and a vial with coronavirus vaccine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Johnson & Johnson said Wednesday it expects to sell $2.5 billion of its Covid-19 vaccine, even as concerns
Gold prices are being pressured around the psychological $1,800 level. The US dollar is earmarked by some analysts as a stronger for longer trade-off. Update: Gold (XAU/USD) seesaws around $1,800, recently easing to $1,803, during the initial Asian session on Thursday. The yellow metal dropped the previous day even as the US Dollar Index (DXY)
The Securities and Exchange Commission, or SEC, may soon issue new rules for the regulation and registration of security-based swaps, including cryptocurrency. In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year. The changes are designed
Back to the 1.25% area The big question is whether yesterday’s drop and reversal is the bottom in yields or a bounce. Today’s follow through is positive for risk trades and you can see that unfolding in GBP and CAD at the moment; two currencies that have been tightly aligned with risk trades and are
Higher Treasury yields is helping to see yen crosses a little higher today After Monday’s sharp drop, USD/JPY saw a solid rebound yesterday and that is continuing today as Treasury yields are also bouncing back. 10-year yields are up by nearly 4 bps to 1.245% and that is helping to provide the market with some
London copper prices fell on Wednesday, dented by a stronger dollar which rose on worries about climbing COVID-19 cases worldwide. Three-month copper on the London Metal Exchange fell 0.5% to $9,2792 a tonne by 0732 GMT. The most-traded August copper contract on the Shanghai Futures Exchange tracked overnight gains in London to close up 0.2%