Dow within 1% of unchanged on the year the S&P and NASDAQ index are closing at record levels once again with strong gains of over 1%. The NASDAQ outperformed with a 1.73% rise. The Dow industrial average was down earlier today but pushed to the upside and is closing within 1% of the closing level
Economists at Rabonank believe Brazil is going to see quarterly gains from the tirhd quarter while see the central bank taking a long pause. All in all, USD/BRl is expected to trade at 5.25 and 4.90 by end-2020 and end-2021 respectively. Key quotes “With better activity and Covid-19 outlooks, we now upgrade our 2020 GDP
Daily thread to exchange ideas and to share your thoughts Major currencies are keeping more quiet as the focus today is all about Fed chair Powell’s speech later at the Jackson Hole symposium. The trading ranges continue to be rather lackluster and may stay that way in European morning trade today. On the week, the dollar has
NEW DELHI: Gold and silver prices drifted lower in Thursday’s session as traders booked profits ahead of a speech by US Fed chairman Jeremy Powell. Meanwhile, a surge in equities also diverted funds from safe haven assets. Powell is set to speak at a virtual Jackson Hole symposium on Thursday, where he is expected to
Markets continue to be rather mixed as investors are awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. S&P 500 and NASDAQ surged strongly overnight to new record highs. But Asian markets are mixed, with weakness seen in Japan, Hong Kong and Singapore. Dollar weakens broadly today but selling is so far not
Kansas City Federal Reserve President Esther George said the recession that began in February could revisit the economy if the coronavirus pandemic intensifies. “An important risk to that outlook is thinking about what happens as we come into the fall, whether we see any resurgence in the virus that would cause an additional pullback in
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business suffered due to a shift in timing of its annual Anniversary Sale. The company said its stores, including its off-price Nordstrom Rack locations, were closed for
Spartan Black, a major cryptocurrency fund based in Asia, believes Polkadot (DOT) has more fuel left in the tank and could soar in the top-10 list of biggest cryptocurrencies by market capitalization. Since listing on Binance eight days ago, the price of DOT soared by more than 200% and many analysts believe the price could
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Up $0.04 or 0.09% The price of crude oil futures settle that $43.39. That was good enough for a 4% gain or 0.09% rise. The high price for the day reached $43.78 while the low price extended to $43. Technically, the price close above its 200 day moving average for the 2nd consecutive day. That
S&P 500 continues to push higher toward 3,500. Salesforce.Com Inc (CRM: NYSE) surges to all-time highs on upbeat quarterly results. For the third straight day, Wall Street’s main indexes started the day little changed. However, the risk-on market environment on coronavirus treatment optimism provided a boost to stocks and the S&P 500 Index (SPX) touched
Tail -0.9 basis points The US treasury sold $51 billion of 5 year notes at a high yield of 0.298%. That was lower than the WI level of 0.307%. High yield 0.298% vs. WI at 0.307% Bid to cover 2.71x vs six-month average of 2.48x Dealers 17.82% vs. 27.8% six-month average Directs 15.93% vs. 13.6% six-month average Indirects 66.25% vs.
By Alex LawlerLONDON: Oil edged up towards $46 a barrel on Wednesday, close to its highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in U.S. crude inventories. Renewed worries over the Covid-19 pandemic, which has squeezed demand
Dollar surges broadly in early US session in response to much better than expected durable goods order data. Yet, it’s actually still held well below near term resistance level to confirm bottoming. Gold’s decline is a positive sign for the greenback and we’ll see if there is following buying. Staying in the currency markets, Euro
New orders for key U.S.-made capital goods slowed in July, suggesting the rebound in business investment could become more gradual amid uncertainty about the course of the Covid-19 pandemic, even as the recovery in manufacturing appears to be gaining traction. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans,
An employee of Dick’s Sporting Goods in Destiny USA mall delivers products to a shopper, as customers pick up goods from retailers offering curbside pick up as the coronavirus disease (COVID-19) restrictions ease in Syracuse, New York, U.S., May 15, 2020. Zachary Krahmer | Reuters Dick’s Sporting Goods reported eye-popping quarterly earnings and sales growth Wednesday,