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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
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Down over $30 now The price of gold has moved sharply lower as the USD moves higher. Looking at the rankings of the major currencies, the USD has taken over as the strongest of the majors. The GBP remains the weakest. The dollar was behind the NZD and the CAD at the start of the NY session. The move higher
EU chief Brexit negotiator, Michel Barnier, comments in a tweet He reinforces that there is ‘strong’ EU unity ahead of the European Council meeting later this week and that they will continue to work for a fair Brexit deal in the coming ‘days and weeks’. I think the mention of ‘weeks’ says a lot about
New Delhi: Aluminium prices on Tuesday softened by 0.16 per cent to Rs 152 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by 25 paise, or 0.16 per cent, to Rs 152 per kg in a
Dollar is trying to recover in Asian session while Aussie tumbles broadly. Sentiments appear to be turning cautious on news that Johnson & Johnson paused coronavirus vaccine study due to an unexplained illness in a participant. UK also started a tiered system of fresh coronavirus restrictions. WTI crude oil is extending this week’s pull back
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
Ireland’s Foreign Minister Simon Coveney said on Tuesday that he doesn’t see any major breakthrough in Brexit talks this week but added that a deal is very much still possible, as reported by Reuters. Additional takeaways “Final deal needed on fair competition through the level playing field.” “Many issues in relation to fishing outstanding, some
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Mungala Mbuvi is joined by Forex Traders Caroline Wangeci and Collins Ndung’u and Kevin Ng’ang’a – CEO, Scope Markets as they talk about forex online trading.
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NASDAQ index has its best day since September 9 The major indices are all closing higher with the NASDAQ index leading the way. Highlights include major indices rise for the 4th consecutive day NASDAQ index has its best day cents September 9 S&P and NASDAQ close lesson 2% below its all-time high 10 of 11