The labour market report for September disappointed on jobs growth but did show a drop in the unemployment rate. Data is here ICYMI: The report is unlikely to be too concerning for the Reserve Bank of Australia, the labour market is still very tight despite the slowing trend in jobs growth and in hours worked.
Gold prices edged higher on Thursday to hover near a 2-1/2-month high as escalating Middle East turmoil lifted demand for the safe-haven asset, while investors looked forward to U.S. Federal Reserve Chair Jerome Powell‘s speech due later in the day. FUNDAMENTALS * Spot gold was up 0.2% at $1,950.83 per ounce by 0127 GMT, after
The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to significant rise in both Oil and Gold prices. The effect of this development extends into Asian session. However, risk aversion is not starkly evident in other markets, as Asian indices, excluding Japan, record only marginal losses.
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023. David A. Grogan | CNBC Tesla is set to report third-quarter results after the bell on Wednesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known
Share: Indian Rupee posts modest gains amid the further escalation of geopolitical tensions in the Middle East. The rising geopolitical tension between Israel-Hamas might limit the INR’s upward path. The Federal Reserve’s Beige Book update showed the US economic outlook had “little to no change” between September and early October. The Indian Rupee (INR) edges
NASDAQ index tests a key cluster of support The NASDAQ index is the worst performer of the major indices with a decline of now over 1%. The move to the downside has now taken the price to a key support area. That support area is defined by the: 100 hour moving average at 13379.32 (see
One of the more-interesting mysteries in the global economy right now is why China’s steel production remains so high. There is no doubt that residential construction has cratered, yet the mills continue to run at 92% capacity. Today’s Chinese GDP data was strong at +1.3% q/q vs 1.0% expected so there may be even more
Gold price jumped Rs 500 to Rs 60,650 per 10 grams in the national capital on Wednesday amid strong global cues in international markets, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,150 per 10 grams. “Gold prices jumped on Wednesday, following a positive trend in the overseas
The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its ascent likely attributed to the ongoing geopolitical unrest, though its rise is modest. US President Joe Biden’s diplomatic mission to
A board displays the exchange rates for Mexican Peso and U.S. Dollar in Mexico City, Mexico March 13, 2023. Raquel Cunha | Reuters People sending money back to Mexico this year have faced a new challenge: the “super peso.” The Mexican currency reached the strongest levels against the U.S. dollar in almost eight years over
In this article MS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York, December 1, 2022. Brendan McDermid | Reuters Morgan Stanley posted third-quarter results Wednesday that topped profit estimates on better-than-expected trading revenue. Here’s what the company reported: Earnings per share: $1.38,
Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The Euro (EUR)
Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community
As US yields rise, the 2-year yield is up by 12 basis points at 5.218%, and the 10-year yield is up by 13.7 basis points at 4.846%, both on track to close at their highest levels since 2007. Despite the USDJPY’s recent upward movement, traders appear hesitant to approach the 150.00 level. The currency pair
Chinese Communist Party Xi speaking at the Belt and Road forum: belt and road cooperation has progressed from sketching the outline into filling in the details, blueprints turned into real projects This network has boosted the flow of goods, capital, technology and human resources into countries involved Only when the world is good, China will
Gold prices rose on Wednesday after a deadly blast in Gaza fuelled fears of an escalating regional conflict, keeping the safe-haven asset in demand among nervous investors despite robust U.S. economic data and a high rate scenario. FUNDAMENTALS * Spot gold climbed 0.4% to $1,929.89 per ounce by 0123 GMT, and U.S. gold futures also
The currencies from the Southern Hemisphere, Australian and New Zealand Dollars, saw notable volatility in Asian session today. Aussie is gaining traction following release of RBA minutes, highlighting a low tolerance for inflation surprises and opening the door for another rate hike next month. In contrast, Kiwi is facing downward pressure after disappointing CPI data
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty Images United Airlines said more expensive jet fuel and a halt to the carrier’s Tel Aviv flights during the Israel-Hamas war will