Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are
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In this article UAA Follow your favorite stocksCREATE FREE ACCOUNT Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US Dollar lost ground after the release of the lower CPI and Retail Sales data on Wednesday. The Australian Dollar (AUD) snapped its three-day winning streak
The move to the upside continues and the major indices are not on pace to all close at record levels today. Dow record high close coming into the day was at 39807.38. The index is up 274 points at 39832 currently. Both the Nasdaq and S&P closed at record levels yesterday. ANything positive today would
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 your initial investment; do not
Gold prices edged higher on Thursday, supported by a softer dollar and lower Treasury yields after data signalled cooling U.S. inflation, bolstering bets for an interest rate cut by the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.3% at $2,393.21 per ounce, as of 0043 GMT. Bullion prices rose 1% on Wednesday.* U.S. gold
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider monetary easing, it is crucial that inflation shows signs of following suit with clear
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s
The DXY fell to its lowest level since mid-April on Wednesday. Weak US inflation data and unimpressive Retail Sales increase odds of a Fed interest rate cut in the near term. Markets are still discounting higher odds of the first cut being in September. The US Dollar Index (DXY) is trading near 104.4 on Wednesday,
The USDCAD fell in response to the weaker than expected US data, and on the move to the downside, tested the key 38.2% retracement of the move up from the December 2024 low. That level came in at 1.35899. The low price came in at 1.35895. The price has rebounded higher and pushed the price
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 your initial investment; do not
Ahead of the US inflation data, gold June futures on the MCX traded on a flat note, up 0.09% or Rs 68 at Rs 72,365/10 grams on Wednesday while MCX Silver July contracts rose 0.18% or Rs 152 to Rs 85,569/kg. The US inflation data (the core consumer price index) is expected to indicate a
Dollar falls broadly in early US session following the release of CPI data that shows disinflation resumed in April. This has reignited hopes that Fed is on track to start cutting interest rates by September, with Fed fund futures now indicating more than 70% probability of such a move. The renewed optimism has also boosted
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc’s economic chief said Wednesday. “I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy … especially with China,” European Commissioner
Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company’s earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The
USD/CHF edges lower due to a decline in the US Dollar and lower US yields. Fed Chair Jerome Powell has anticipated a sustained decrease in inflation, indicating diminished confidence in the disinflation outlook. Swiss Producer and Import Prices dropped 1.8% in April, marking the twelfth consecutive period of decrease. USD/CHF edges lower for the second
GBPUSD just short of the 50% of the 2024 trading range The GBPUSD is trading at a new high and in the process is moving to the 50% midpoint of the 2024 range. The midpoint level comes in at 1.25957. The high price today has come in at 1.25922 (see 4-hour chart above). That midpoint