A Sale Pending sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Potential homebuyers may be hitting the limit of what they can afford. Pending home sales, a measure of signed contracts on existing homes, fell 2.2% in September compared with August, according to the National Association of
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here’s what’s
The euro finds support at 1.1640 after a five-fay sell-off. COVID-19 lockdowns and the ECB have sent the euro tumbling. The US elections will be a key EUR/USD driver next week. The euro extended its downtrend for the fifth consecutive day and is on track for a 1.75% weekly decline to close the week near 1.1640
NASDAQ index leads the way to the downside The major indices are closing lower on the day but did rebounded into the close which eased some of the downside pain. Dow close that is lowest level since July 31 Amazon, Apple close over 5% lower. Apple closes 20% below its all-time high Twitter plunged 21%
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Fresh lows for stocks The S&P 500 broke through an earlier set of lows and is now down 70 points to 3239, or 2.1% on the day. Despite the break lower, it’s not exactly breaking down as it sits just below the earlier lows. In the bigger picture, the 3200 level needs to hold. I
LONDON: Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption. Brent crude was down 3 cents at $37.62 a barrel by 1140 GMT after touching a five-month low
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid personal income and spending data. On the other hand, Euro is just mixed, paying little
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair
Facebook, Google and Twitter logos are seen in this combination photo from Reuters. REUTERS Big Tech’s third-quarter earnings showed digital ad revenue came roaring back in recent months, and suggested some of the digital ad trends tied to the explosion of e-commerce could be here to stay. Alphabet, Facebook, Twitter and Amazon, which reported earnings
EUR/GBP dives to eight-week lows below 0.9000. A dovish ECB and COVID-19 have sent the euro 0.8% lower this week. The pair is testing an important support level at 0.9000. The euro has extended its decline from week-highs near 0.9100, reaching levels sub-0.9000 for the first time in almost two months. The increase of COVID-19 cases in
Dollar keeps steadier after its advance in trading yesterday Besides USD/JPY, all other dollar pairs are keeping within 0.1% changes as we get things going on the session, reflecting a more tepid mood despite the push lower in stocks. In the case of USD/JPY, the pair continues to be largely dragged between 104.00 to 104.50
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NEW DELHI: Gold and silver futures gained marginally in morning trade on Friday even as the yellow metal wallowed near one-month low in international markets amid firm US dollar. Meanwhile, President Donald Trump‘s chief economic adviser said on Thursday that any deal on coronavirus relief legislation would have to wait for now. Gold futures on
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one after ECB indicated some policy recalibration in December. Canadian Dollar is the second weakest on