July 26, 2024
Via: Investing.comRussian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank raised its key rate to 18%. Nabiullina and Zabotkin spoke in Russian. The quotes below were translated into English […]
July 25, 2024
Via: NBC NewsEconomic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June […]
July 25, 2024
Via: CNBCBerkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank. The Omaha, Nebraska-based holding company sold another 18.9 million shares via transactions on […]
July 23, 2024
Via: NBC NewsSales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This […]
July 23, 2024
Via: DailyFXGauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends. Recent market data indicates notable performance variations among key currencies, with the Japanese yen showing relative strength while the Australian dollar underperforms. The […]
July 22, 2024
Via: DailyFXGauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends. FTSE 100 Retail Trader Data: Mixed Outlook Analysis of retail trader positioning reveals a slight bearish tilt, with 48.54% of […]
July 19, 2024
Via: DailyFXRecent retail trader data indicates a net-long position of 32.63%, with a short-to-long ratio of 2.07 to 1. Net-long traders have increased by 1.37% since yesterday and 13.89% from last week. Net-short traders have decreased by 4.09% since yesterday but […]
July 18, 2024
Via: MoneyWeekAverage house prices rose by their highest level so far this year during May in a sign of buyer confidence, at least ahead of the general election, Office for National Statistics (ONS) data shows. The latest ONS house price index […]
July 17, 2024
Via: MoneyWeekThe annual rate of inflation came in at 2% in June. This marks no slowdown compared to May, when the Consumer Prices Index (CPI) hit the Bank of England’s target for the first time in almost three years. The largest […]
Financial Services, Industries
July 16, 2024
Via: CNBCBank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees. Here’s what the company reported: Earnings: 83 cents a share vs. 80 cents a share LSEG estimate Revenue: $25.54 billion […]
July 16, 2024
Via: Sky NewsThe Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack. The upgrade – which takes expected […]
July 15, 2024
Via: DailyFXGold has appreciated, buoyed by last week’s lower US CPI data with the path of least resistance to the upside. The precious metal thrives in a low interest rate environment and the mere anticipation of a rate cut from the Fed in […]
July 11, 2024
Via: DailyFXGold prices are higher again on Thursday as the market hopes that the United States will see lower interest rates this year keeps demand solid and allows traders to dream again of record highs. Recent US labor market data and […]
July 9, 2024
Via: MoneyWeekBP CEO Murray Auchincloss says the group has stopped bidding on new offshore wind projects in order to simplify operations and reduce costs, says Emma Powell in The Times. At the same time, BP will spend more on new oil and gas assets, particularly […]
July 5, 2024
Via: Investing.comHopes that the U.S. stocks rally will broaden beyond megacaps like Nvidia (NASDAQ:NVDA) will be tested in coming weeks as investors learn whether profit growth from other companies is starting to catch up with that of the tech-related leaders. The S&P […]
July 3, 2024
Via: DailyFXGold prices rose on Wednesday as the latest speech from Federal Reserve Chair Jerome Powell fed hopes that the next interest-rate move will be a cut, even if the timing remains uncertain. Speaking on Tuesday Powell said efforts to reduce price pressures […]
July 2, 2024
Via: The Wall Street JournalBattery maker LG Energy Solution 373220 -1.01% and Australian lithium company Liontown Resources LTR 7.30% will jointly consider developing a refinery for producing battery-grade lithium, as companies plot new supply chains that bypass China even amid a collapse in prices for the critical mineral. The collaboration is part […]
July 1, 2024
Via: DailyFXEconomic activity in the US manufacturing sector contracted in June for the third straight month, and the 19th time in the last 20 months, according to the latest ISM manufacturing report. According to Timothy Fiore, chair of the Institute for Supply […]
July 1, 2024
Via: MoneyWeekThe latest data from Nationwide revealed house prices are up 0.2% in June on a monthly basis, when adjusted for seasonal effects. Meanwhile, prices are up 1.5% year-on-year. The average house in the UK now costs £266,064. Prices are now […]
June 25, 2024
Via: DailyFXNvidia has shed nearly 16% of its market value in the last three trading sessions as sellers take control of the world’s largest chipmaker. Nvidia became the world’s largest company last week, with a valuation in excess of $3.34 trillion, […]