China’s headline CPI moderated to +1.7% y/y in September, from +2.4% a month ago. This has missed consensus of +1.9%. The weakness was mainly driven by pork inflation which slowed to +25.5% y/y, from +52.6% in August. This contributed about 0.7 percentage point to headline CPI’s moderation. Fresh vegetable prices, however, accelerated to +17.2% y/y
A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street
EUR/GBP remains dull around 0.9025/30 following its bounce off 0.9007, five week low, the previous day. The pullback from the channel, bullish MACD favor further recovery. 200-HMA, bearish chart pattern keeps suggesting pair’s weakness. EUR/GBP treads water around 0.9030 while heading into the European session on Thursday. The pair slumped to the lowest since early
NASDAQ continues to lead the way lower The major indices are all lower on the day. The declines today would be the 2nd consecutive down day after 4 days to the upside. The NASDAQ index is leading the way to the downside with a -0.80% decline. The index is trading to new session lows Treasury Sec.
Memories are short On election day in 2016, Clinton led 45.7% to 41.8% in the RCP average. She ended up winning the popular vote but by 2.2 points rather than the 3.9 points shown here. That was enough to give Trump a narrow victory via the electoral college. In 2016, betting markets had Clinton as
New Delhi: Gold prices declined for the second consecutive day in the national capital on Wednesday, falling Rs 631 to Rs 51,367 per 10 gram amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,998 per 10 gram. Silver prices also tanked Rs 1,681 to Rs
Sterling had a roller coaster ride today, dropped notably on concerns over the deadlock in Brexit negotiations. Though, it then rebounded on talks that UK is still going to engage in talks after its self imposed mid-October deadline. Additional the country avoided a national coronavirus lockdown. The Pound is indeed the strongest one for today
A person wears a protective face mask next to Wells Fargo ATMs in Harlem as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 25, 2020 in New York City. Noam Galai | Getty Images Wells Fargo reported on Wednesday disappointing earnings for the third quarter
Economists at Rabobank expect to see a spike to the 0.93 region on the EUR/GBP pair on the event that no trade deal is signed by the EU and the UK. Key quotes “On the assumption that the UK and EU will find enough common ground to sign off on a trade deal this year
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Major indices all closed lower The US major indices all closed lower for the 1st time in 5 trading days. Each of the major indices have been up for 4 consecutive days. The NASDAQ tried to rally but is ending the day marginally lower. The introduction of the new iPhone 12 could not push Apple
The obvious, and necessary, caveat is there are still 3 weeks to go. But, Cook Political Report compiled polls and shows a big lead for Biden in Electoral College votes: To win the presidency its necessary to win the majority of Electoral College votes. Trump did so in 2016 despite getting 3 million votes less
The author behind a valuation model for Bitcoin that’s based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade. In an Oct. 11 Twitter thread, Timothy Peterson, Global Macro Manager at Cane Island Alternative Advisors, said there is “90%
LONDON Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed. Brent crude futures rose 60 cents, or 1.4%, to $42.32 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 63 cents,
Sterling softens broadly today as UK unemployment rate rose more than expected while the part of the country is returning to restrictions. Additionally, there appears to be no progress on Brexit negotiation ahead of the EU summit later this week. Australian Dollar is the second weakest as China moves to stop importing the country’s coal.
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. Elijah Nouvelage | Reuters Delta Air Lines booked a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the