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NASDAQ closes up 9% for the week The major indices are closing little changed. The NASDAQ index closed marginally higher for the 5th consecutive day the S&P index fell marginally snapping a 4 day winning streak the Dow industrial average also fell snapping its 4 day winning streak major indices have their best week since April
Forex news for North American trade on November 6, 2020: Markets: Gold up $3 to $1952 US 10-year yields up 6 bps to 0.82% WTI crude oil down $1.37 to $37.43 S&P 500 flat at 3509 CHF leads, AUD lags It was a wild week but the final session was a more-subdued affair as the
BENGALURU/MUMBAI: Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan. Indians celebrate the Diwali and Dhanteras festivals next week. “Retail demand has started falling due to the price rise. Even jewellers have cut down purchases,”
Dollar’s selloff continues today despite stronger than expected employment data. Though, selling focus has turned to against Euro and Swiss Franc. Australian Dollar is taking a breather, together with global stock markets. There is no doubt that Dollar will end as the worst performing one for the week, followed by Yen. Commodity currencies will stay
Volunteers hand out potatoes in Auburn, Washington on May 7, 2020. JASON REDMOND | AFP | Getty Images That’s a big jump from the prior month, when 19% of the unemployed were out of work for at least six months. The number of long-term unemployed swelled by 1.2 million people in a month, to 3.6
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health reported a better-than-expected 3.5% jump in third-quarter revenue and raised its 2020 earnings guidance on Friday as its plan to remake the drugstore chain into a health service company paid off. Offering everything
XAU/USD rallies 4% on the week to reach $1,960 highs. Risk appetite boosts gold demand and sends the USD tumbling. Gold futures have ticked higher on Friday to reach seven-week highs at $1,960. Bullion has appreciated nearly 4% on the week boosted by USD weakness amid post-US election risk rally. XAU/USD rallies on risk appetite
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Dow, S&P and NASDAQ on track for the best week since April The major stock indices closed sharply higher for the 4th consecutive day. The Dow, S&P and NASDAQ on track for the best week since April: 10 of the 11 sectors of the S&P closed higher with energy dipping into the negative at the
Sure, sure Aso also adds that the central bank’s ETF purchases are part of its monetary policy actions, not to directly prop up stock prices. This is the usual rhetoric we’ve been getting from Japanese officials for the longest of time now. But we all know that the BOJ pretty much acts accordingly as to
Phishing attempts and scams against Ledger wallet owners are on the increase with one such scam netting more than 1,150,000 XRP from its victims. The scam used a phishing email that directed users to a fake version of the Ledger website that substituted a homoglyph in the URL — in this case a letter that
NEW DELHI: Gold and silver future traded mixed in morning trade on Friday as vote counting in the US showed Joseph Biden is most likely to be the President of the country even though the outcome may be challenged in the courts. Biden inched closer to winning the White House, though the outcome hinged on
As widely anticipated, the Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The decisions were made unanimously. The members acknowledged that economic recovery remained under way. Yet, they warned of the downside risks to growth amidst the huge uncertainty of the coronavirus pandemic. The members pledged to use
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images The U.S. may need several hundred billion dollars a month in “disaster relief” to keep the economy afloat as a raging coronavirus outbreak continues to suppress prospects for workers and businesses, Nobel prize-winning economist Paul Krugman said on Thursday. “We really are