Morning wrap
Stocks in Asia are posting gains at the start of a new week. Nikkei gains 1.2% while Chinese indices trade 0.3-0.8% higher. Kospi trades flat. S&P...
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Market news
Macy's, the largest department store chain in the United States, faces mounting challenges as it navigates a critical turnaround effort amid accounting irregularities, activist pressure, and shifting consumer behavior. While the company's "Bold New Chapter" strategy shows early promise...
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It’s all about Europe today. The ECB is set to cut interest rates by 25bps later today, there is approx 35bps of cuts currently priced in by financial markets, however, expectations of a 50bp rate cut have been scaled back during December. The ECB rate cut will be accompanied by the updated...
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The shares of the US-based photomasks producer Photronics (PLAB.US) surges 20% after the company published higher than expected fiscal Q4 results, smashing Wall Street analysts expectations. CEO of the company, Frank Lee commented results positively, as the company achieved sequential revenue growth...
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Stocks in Asia are posting gains at the start of a new week. Nikkei gains 1.2% while Chinese indices trade 0.3-0.8% higher. Kospi trades flat. S&P...
• NFP report showed surprise job additions in May • NASDAQ-100 jump to record highs • Gold drops to 7-Week Low Champagne...
• The total number of confirmed coronavirus cases surpassed 6.73 million of which more than 393 000 died and over 3.27 million recovered. • US...
• US Economy unexpectedly adds 2.5 million jobs • GAP (GPS.US) reported poor quarterly performance • Uber Eats Enables...
The NFP report for May has just been released. Data was expected to show another month of massive multi-million lay-offs. However, report turned...
EURUSD realized the range of the inverse head and shoulders pattern, which we have mentioned a few times. While the main trend remains upward, some correction...
• Bitcoin price fails to stay above $10 000.00 • Ethereum managed to break above $215.00 • Tether displaced Ripple from...
European assets surge after ECB move and ahead jobs data DE30 tested 12,700 pts Lufthansa (LHA.DE) will be removed from DAX index European...
Euro and European indices seem to like yesterday's ECB decision to boost purchases under the PEPP scheme. EURUSD tests 1.1370 handle while DE30 approaches...
US NFP report may address misreporting in April Canadian employment seen dropping by 500k jobs Labour market data from the United...
US indices finished lower yesterday. S&P 500 declined 0.34% and Nasdaq dropped 0.69%. Dow Jones inched higher and closed 0.05% above previous close Stocks...
After the FAANG index climbed historical highs, the Nasdaq index also tried tom to follow its footsteps. Currently the technology index is in the reverse....
• ECB expands PEPP • European stocks finished lower • Wall Street swung between gains and losses European...
• US Initial Jobless Claims below 2 mln • Nasdaq- 100 (US100) near all-time highs • Cloudera (CLDR.US) stock fell...
The number of Americans filling for unemployment benefits was 1.877 million in the week ended May 30th, bringing total claims to near 43 million...
Stock markets largely ignored US protests Social unrest triggered by killing of George Floyd in police custody Violent riots mostly...
European Central Bank left rates unchanged during today's meeting, in-line with market expectations. However, investors were focused primarily on the...
EURUSD halted a recent rally and is making a small pullback today. Main currency pair is testing 1.12 handle ahead of ECB decision (12:45 pm BST) and US...
• The total number of confirmed coronavirus cases surpassed 6.59 million of which more than 388 000 died and over 3.18 million recovered. • US...
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