TOKYO – Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares. Brent crude futures for July were up 97 cents, or 0.9%, at $110.08 a barrel at 0220 GMT, after falling by more than $1 earlier
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Dollar and Yen traded with an undertone in Asian session today but Aussie is also mildly weaker. On the other hand, Swiss Franc is the stronger one, followed by Kiwi and Canadian. Sterling is treading water despite strong UK retail sales data. Swiss Franc is staying at the winner for the week, on talks that
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images Consumers kept spending in April, with retail sales rising about in line with Wall Street expectations despite
In this article KSS Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as the retailer faces pressure from activists to sell. Chief Executive Officer
NZD/USD edged higher for the second straight session and inched back closer to a two-week high. A positive risk tone benefitted the perceived riskier kiwi and remained supportive of the uptick. Modest USD strength, recession fears held back bulls from placing fresh bets and capped gains. The NZD/USD pair maintained its bid tone through the
The NASDAQ index has been trading up an down today. The high price reached 11562.82. The low price extended to 11313.31. Near the midpoint of that range sits the 50% midpoint of the trading range since the post pandemic low. That midpoint comes in at 11449.29. The current prices above that level at 11489, above
It’s Friday in Japan and that means that the consumer price index report is coming up. The consensus is for a 1.5% y/y rise in the headline and 2.1% y/y in the core. The headline number ticked up to 1.2% from 0.9% y/y in March and there’s the chance for an upside surprise. Earlier this
Gold and silver have witnessed a sharp rally following Russia’s invasion of Ukraine. But the prices soon cooled off as a firm US dollar and upside in bond yield eroded the bullion’s sheen. Currently, gold is down 10 per cent from its record peak, having breached the Rs 50,000 mark on . Against the backdrop
Risk aversion is once again a clear main theme of the day, with European indexes in deep red while US futures point to extended selloff. Safe-haven flows are also pushing benchmark global yields lower, with Germany 10-year yield back at 0.9% while US 10-year yield is back below 2.8%. Swiss Franc is the overwhelming winner
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application volume down 11%
In this article PANW Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021, in St Andrews, Scotland. David Cannon | Getty Images Palo Alto Networks shares rose 12% in extended trading on Thursday after the network
What you need to take care of on Friday, May 20: Despite persistent risk-aversion, the American currency changed course on Thursday and fell across the FX board. Fears gyrated around inflationary pressures and slowing economic growth. Stocks markets remained under pressure, with most Asian and European indexes closing in the red, although off their intraday
Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the first quarter of 2022, gross profits are “up 34% year over year.” In total, the group netted $1.29 billion in gross profits. However, operating costs were also up “$1.52 billion
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The AUDUSD is moving down as some risk off flow are kicking in as stocks continue the move lower today. Looking at the weekly chart, the move lower has taken the pair back within the swing area going back to July 2020 between 0.6966 and 0.7005. That area was home to swing lows (and a
The franc is starting to gather some solid momentum in the past few sessions, helped by the more dour risk sentiment in trading yesterday – which seems to be continuing to today – and also from a subtle nudge by the SNB in viewing the inflation situation in Switzerland. On the latter, SNB chief Thomas
NEW DELHI: Gold prices were trading flat with a negative bias on Thursday as steady US dollar and elevated Treasury yields weighed on greenback-priced bullion. Gold’s performance and outlook have also been under the cloud amid aggressive Fed monetary policy stance on rate hikes as the bank pushes to rein in soaring inflation. Gold futures