While US stocks staged a strong rebound overnight, the moves didn’t follow through in mixed Asia. There is also little reaction in the currency markets. Yen and Dollar remain the strongest ones for the week, despite retreating mildly. New Zealand Dollar is the worst performer, followed by Aussie and then Sterling. Euro is not performing
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Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession is in the books as one of the deepest — but also the shortest — in U.S. history, the official documenter of economic cycles said
In this article KO A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its second-quarter results before the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
Apple stock roars back with a 2.6% gain on Tuesday. AAPL had made new highs but suffered on Monday. Apple releases earnings next week on July 27. Apple shares roared back to life on Tuesday with a gain of over 2% and in the process retook some key technical levels. The move to record highs
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Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year. With all time third-party Chainlink integrations currently
Flash reading for June retail sales come in much, much lower than expected -1.8 % m/m State of Victoria the worst at -3.5%, lockdown impact. NSW will be worse in July as its lockdown weighs, but in June wasn’t great at -2% — Background to this is here: Invest in yourself. See our forex education
NASDAQ and S&P declines from yesterday Highlights for the day include: NASDAQ has its best day in more than two months NASDAQ snapped a five day decline Nasdaq 67 new highs but 76 new lows which is diverging. S&P higher for the first time in four sessions S&P has its best day in four months
New Delhi: Gold in the national capital on Tuesday gained Rs 253 to Rs 47,100 per 10 gram amid supportive global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,847 per 10 grams. Silver slipped Rs 61 to Rs 65,730 per kilogram from Rs 65,791 per kilogram
ECB’s conclusion of the strategy review on July 8 has made this week’s meeting very important. Policymakers adjusted the inflation target to a symmetric 2%, allowing a temporary overshoot. Despite the significant change, no monetary policy is expected to change in July. We only expect some changes in the forward guidance, in reflection of the
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released Tuesday added to the evidence
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
AUD/JPY defends corrective pullback from multi-day low, edges higher of late. Risk-off mood cools amid stimulus hopes, further support for easy money policies. Over half of Australia is under virus-led lockdown, Tokyo again registers over 1,000 cases. BOJ Minutes, Aussie Retail Sales could offer immediate direction, risk catalysts are the key. AUD/JPY holds onto corrective
Fresh lows in rates US rates are at the lows of the day, edging through 1.16% as some risk aversion creeps into markets. The building permits data was on the soft side but I suspect this is more follow through from yesterday. In FX, the euro tested yesterday’s low at 1.1765 but held it on
The dollar is not letting up just yet to start the new week Risk trades may be retracing slightly after yesterday’s sharp losses but in FX, the dollar is still keeping more resilient as we get into European morning trade. Commodity currencies are leading losses but it isn’t so much just contained to that space,
NEW DELHI: Gold moved higher on Tuesday, recovering from the scars of previous session, as rising Delta virus threat spooked investors. Both precious metals posted decent gains on . Gold futures on MCX were up 0.38 per cent or Rs 184 at Rs 48,278 per 10 grams. Silver futures gained 0.29 per cent or Rs