Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems, the Census Bureau reported Friday. Retail sales for the month increased 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% forecast.
In this article WBA Rafael Henrique | LightRocket | Getty Images Walgreens Boots Alliance on Thursday exceeded Wall Street’s expectations for fiscal fourth-quarter earnings, as the company saw a surge in demand for Covid-19 vaccines amid a growing number of employer mandates. Shares were up more than 2% early Thursday in premarket trading. The drugstore chain
The Dow Jones Industrial, the S&P 500, and the Nasdaq Composite posted gains between 0.7% and 1.6% on Friday. US Retail Sales surprised to the upside, while the University of Michigan Consumer Sentiment Index fell. The USD/JPY reached five-year highs above 114.00. Bitcoin broke the $60,000 barrier, trades at All-Time-Highs. US equities finished on a
In this video, I’m doing a quick walkthrough on how to get going with Soft4FX Forex Simulator. If you’ve been finding using TradingView a bit limiting when back testing, this is easily the best app for the price. I pretty much fell in love with it instantly after trying the trial. Link in the section
Yen’s selloff accelerated rather steeply last week, on the back of surging commodity and energy prices. Dollar was also pressured this time, as treasury yields retreated and on late rally in stocks. Euro was not to far away, as pressured by selloff in crosses. On the other hand, commodity currencies ended broadly higher, as led
It might seem that the volatility of digital assets’ prices and the lightning speed with which crypto markets move would mean that those who act fastest secure the heftiest rewards. And in certain cases this holds true – for example, when an announcement of a token’s listing on Coinbase or Binance first goes public, and
The NASDAQ back above its 200 hour moving average. S&P running away from its 50 day moving average The major US stock indices continue to move higher. With the S&P index up about 34 points or 0.77% at 4473. The NASDAQ index is up about 70 points or 0.48% at 14894. For the S&P index, it close
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Oil marketing companies have once again hiked fuel prices today, taking petrol and diesel prices to their highest ever levels across the country. This is the 14th time that petrol price has been hiked in two weeks, while diesel rates have gone up on 17 times in three weeks. Both petrol and diesel prices raised
Richmond Federal Reserve President Thomas Barkin said Friday he’s on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation. With the Fed indicating that it’s likely to start pulling back on its monthly bond purchases, Barkin said that seems reasonable and he’s leaning toward beginning the
In this article MS James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019. Simon Dawson | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on
The British pound continues its rally against the Japanese yen on the back of BoE’s hiking rates expectations. The market sentiment is upbeat, boosting risk-sensitive currencies like the Sterling. Japanese Finance Minister said that currency stability is “very important” and will keep an eye on the forex market moves. The GBP/JPY extends its seven-day rally
Yen’s selloff continues to look unstoppable as global markets are set to end the week on a strong note. Asian stocks are trading broadly higher following the solid rebound in the US overnight. Dollar is also weak, partly weighed down by the extended retreat in treasury yields, but Euro is not too far away. Commodity
Dow has a two day win streak two end the week The US stocks are closing higher across the board with the Dow industrial average leading the way with a gain over 1%. S&P and NASDAQ end the week with a three day winning streak Dow ends with a two day winning streak Dow is
Forex news for North American trade on October 15, 2021: Markets: Gold down $27 to $1768 US 10-year yields up 5.1 bps to 1.57% WTI crude oil up 94-cents to $82.25 S&P 500 up 32 points to 4470 NZD leads, JPY lags The US retail sales report was a strong surprise but the market reaction
London copper prices on Friday were on track for their biggest weekly gain in nearly five years on supply concerns and as sentiment was supported by the metal surpassing a key psychological level. Three-month copper on the London Metal Exchange rose 0.4% to $10,025 a tonne by 0633 GMT. It was up 7.1% on a
In this article C A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Citigroup is set to report its third-quarter earnings before the bell on Thursday. Wall Street is anticipating earnings per share of $1.65 on revenue of $16.97 billion, based on Refinitiv consensus estimates. Within