Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images The U.S. stock market appeared to cheer President-elect Donald Trump’s presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were down 4% in extended trading on Monday after the video calling software maker
Gold declines over $50 on Monday after Axios news reports that Israel and Hezbollah have reached a ceasefire agreement. Gold had already fallen after Donald Trump chose Scott Bessent to be his US Secretary of the Treasury. Bessent is a seasoned Wall Street professional and is viewed as a safe pick by markets, reducing haven flows to
Dollar remains under pressure as the market heads into the US session, with selling momentum picks up slightly alongside a continued decline in Treasury yields. US stock futures are staging a robust rally, reflecting optimism over President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary. Bessent is viewed as a safe choice for implementing
Fundamental Overview Copper continues to have a hard time as the market demands more stimulus from the Chinese officials to stimulate growth more strongly. Copper has been tightly correlated to the Chinese stock market in recent years which just shows the strong dependence of the commodity to the Chinese economy. That should not be surprising
There were already some murmurs about this since Friday, so this just adds credence to the notion. As a reminder, OPEC+ will be discussing oil output policy next on 1 December i.e. this coming weekend. OPEC+ had already said that they would delay the planned start to easing production cuts from 1 December to 1
Gold December futures contracts at MCX opened lower at Rs 76,800 per 10 gram on Monday, which is down by 1.05% or Rs 816 while silver December futures contracts also witnessed profit booking, opening lower by 1.26% or Rs 1,144 at Rs 89,624/kg. Despite profit booking in an early trade today, gold prices are up
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM In Saudi Arabia’s northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of what planners say
In this article M Follow your favorite stocksCREATE FREE ACCOUNT A shopper carries a Macy’s bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it
USD/CAD weakens to near 1.3945 in Monday’s Asian session. Scott Bessent’s nomination as US Treasury Secretary weighs on the USD. Canada’s Retail Sales rose 0.4% MoM in September, as expected. The USD/CAD pair drifts lower to around 1.3945 during the Asian session on Monday. The weakening of the US Dollar and lower US Treasury bond
The AUDUSD opened the week below a swing area between 0.6471 and 0.6479. On Monday the price moved above that area and stayed above it for the rest the week. In trading today, the low price move down to test a low of that swing area but found willing sellers. The price has since rotated
US Republican Senators Lindsey Graham and Tom Cotton have started to draft a package of sanctions on the International Criminal Court (ICC). Graham spoke on Fox, warning US allies: “To any Ally: Canada, Britain, Germany, France, if you try to help the ICC, we are gonna sanction you. We should crush your economy.” A heads
Reserve Bank of India’s gold purchases has helped the central bank to hold up foreign exchange reserves amidst a huge pullout by foreign portfolio investors that saw reserves contracting by $47 billion in five weeks. While the value of foreign currency assets dipped $1.1 billion on an incremental basis since the beginning of the fiscal
In this article TJX Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs at the entrance of a T. J. Maxx store on February 28, 2024 in Chicago, Illinois. Scott Olson | Getty Images TJX Companies touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer
Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including
Euro stole the limelight last week with a steep selloff triggered by poor activity data. This downturn has intensified the pressing need for the ECB to ease monetary policy swiftly back to neutral levels. While Euro’s decline was pronounced, Sterling and the Swiss Franc are not far behind, each facing their own set of challenges.
The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break
UPCOMING EVENTS: Monday: PBoC MLF, German IFO. Tuesday: US Consumer Confidence, FOMC Minutes. Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims. Thursday: German CPI. (US Holiday) Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The
- « Previous Page
- 1
- …
- 67
- 68
- 69
- 70
- 71
- …
- 1320
- Next Page »