Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger’s turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts,
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USD/JPY trades in positive territory for the fifth straight day near 156.60 in Friday’s early Asian session. Japan’s GDP rose 0.2% QoQ in Q3, as expected. Fed’s Powell said strong US economic growth will allow the Fed to take its time on rate cuts. The USD/JPY pair extends the rally to around 156.60, the highest
Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically
Headlines: Markets: USD leads, CHF lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields down 0.6 bps to 4.445% Gold down 0.7% to $2,555.08 WTI crude up 0.4% to $68.71 Bitcoin up 3.1% to $91,434 The dollar is ramping higher in European trading today as the post-election momentum continues
The victory of Donald Trump in the US presidential elections has not been well-received by the bullion as the prices of gold, on MCX, have fallen by Rs 4,750/10 grams or 6% since November 4, the day of the election verdict. Historically, a rising Dollar has pressured gold prices, a trend evident post-election as Trump’s
Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its
The Mexican Peso is resuming its downtrend after Republicans have won a majority in Congress. This will augment their power to push through radical fiscal and immigration policies that could be detrimental to the Peso. USD/MXN closes in on the November high after rebounding from the base of a rising channel. The Mexican Peso (MXN)
The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen renewed selling pressure as the pair failed to hold above
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
Written by , ETMarkets.com| Nov 13, 2024, 06:27:20 PM IST 1/6 New Lows On Wednesday, the Sensex, the benchmark index, dropped 984 points, closing at 77,691. Amid this downturn, five stocks from the BSE 200 index hit their 52-week lows. The 52-week low represents the lowest price a stock has traded at in the past year,
US stock futures have jumped in a relief rally following release of October US CPI data, which, while showing an uptick in headline inflation and steady core inflation, stayed within expectations. This in-line report eases fears of an inflation surprise that could disrupt Fed’s gradual easing path. Market sentiment has therefore strengthened, with Fed fund
Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. The
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Cisco CEO Chuck Robbins speaks at The Wall Street Journal’s Future of Everything Festival in New York on May 21, 2024. Dia Dipasupil | Getty Images Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped about
The Australian Unemployment Rate is foreseen stable at 4.1% in October. Employment Change is expected at 25K, much lower than the 51.6K posted in September. AUD/USD is under pressure and may soon pierce the 0.6500 mark. The Australian Bureau of Statistics (ABS) will release the October monthly employment report at 00:30 GMT on Thursday. The
Fundamental Overview The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of days into a potentially hot US CPI report
Headlines: Markets: EUR leads, JPY lags on the day European equities mixed; S&P 500 futures down 0.2% US 10-year yields down 2.3 bps to 4.409% Gold up 0.5% to $2,611.43 WTI crude up 0.3% to $68.31 Bitcoin down 0.7% to $87,702 It was a quiet session as the post-election trades are pausing for a bit
Written by , ETMarkets.com| Nov 13, 2024, 06:16:39 PM IST 1/7 Market Summary Indian market remained volatile and fell for more than 1% on Wednesday for the second consecutive day in a row. The BSE Sensex was down nearly 1000 points while the Nifty50 closed below 23,600 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, selling
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