The firm argues that the aussie should also rebound similarly Westpac’s senior currency strategist, Sean Callow, says that risk appetite will recover after the knee-jerk selloff to Trump testing positive for the coronavirus. “My underlying assumption is that risk appetite multi-month will be underwritten by super-generous global monetary policy settings. It is a clear negative
Social tokens — or tokens backed by the reputation of an individual, brand, or community — are gaining traction and some believe they could be the next big thing in the cryptocurrency community. But what are they, and why are artists, musicians and social media influencers rushing to tokenize their efforts in order to gift,
BENGALURU/MUMBAI: Customers began trickling into jewellery stores in India this week as domestic prices slipped, with dealers hoping for a further rebound in demand going into a busy festival season. Indians celebrate the festivals of Dussehra in late October and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Slowly, demand has been
Dollar attempted to edge lower earlier today but the bears are still not too committed. Selling has indeed turned to Yen in early US session, after some better than expected US data. The stocks markets are also lacking a clear direction as European indices open higher, but quickly reversed early gains. Australian and New Zealand
First-time claims for unemployment insurance totaled 837,000 last week, the Labor Department said Thursday as the jobs market continues its plodding recovery from the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 850,000. The weekly total represented a decline of 36,000 from the previous week’s upwardly revised 870,000, according to seasonally adjusted numbers.
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported its quarterly sales grew by more than 5% as consumers bought more of its Tostitos and pancake mixes. Shares of the company rose 2% in premarket trading. Here’s what the company reported compared with
Gold’s hourly chart shows a bearish reversal pattern. The breakdown has exposed the recent low of $1,948. Gold is currently trading at $1,893 per ounce, representing a 0.65% drop on the day. The decline has confirmed a rising wedge breakdown on the hourly chart. The bearish reversal pattern indicates that the recovery rally from the
The GBP pairs had their spat of Brexit headline volatility, but other pairs not, not so much. The major indices vs. the US dollar open the day with ranges less than 54 points with the exception of the GBPUSD, and that’s where the ranges have remained. In fact, looking at the major pairs at the start
The stimulus is flowing We’re into another round of stimulus in most developed countries as the pandemic drags on. The exception is looking to be the United States. Today looks like it’s the make-or-break day for an agreement but it doesn’t look like it’s going in that direction We will know soon; Mnuchin and Pelosi
New Delhi: Refined soya oil prices on Thursday rose by Rs 8.3 to Rs 912.4 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for October delivery gained Rs 8.3, or 0.99 per cent, to Rs 912.4 per 10 kg in 22,070 lots.
The latest economic indicators show that China’s economy continued to recovery in September. NBS’ official manufacturing PMI climbed +0.5 point higher to 51.5 in September, beating consensus of 51.3. The non-manufacturing PMI also increased to 55.9 from 55.2 in August. The composite index gained +0.6 point to 55.1 last month. Focusing of SMEs, Caixin’s manufacturing
The U.S. economy needs more help from the fiscal side to recover from the ongoing impact of the coronavirus pandemic, San Francisco Federal Reserve President Mary Daly said Wednesday. With the White House and congressional leadership still trying to work out details of an aid package, Daly likened the rescue funding so far to a
Bed Bath & Beyond on Thursday reported its first same-store sales increase in nearly four years, as its online business surged more than 80% during the quarter, as shoppers stocked up on disposable face masks, college dorm decor and patio furniture. Its shares surged more than 16% in premarket trading. The company said it saw 2
Challenger Job Cuts in the US rose modestly in September. S&P 500 futures are clinging to strong gains after the data. Planned job cuts in the US-based employers increased by 2.6% from 115,762 in August to 118,762 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. Commenting on the report, “The
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Month results are negative The month of September is now over and the major indices closed lower for the 1st time since March. Moreover the stocks posted the worst September performance since 2011. The good news is that the major indices close higher for the 2nd consecutive quarter and they also closed higher for the day