James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects:Earnings: $1.65 a share, 16% lower than a
“I don’t think we’ve made sufficient progress yet to taper,” Chicago Federal Reserve Bank President Charles Evans said on Thursday, as reported by Reuters. Additional takeaways “Expecting Fed rate liftoff in early 2024 though it wouldn’t take much to move it to 2023.” “By fall, could be making some judgments on taper; I do not have a date
The United Kingdom’s Financial Conduct Authority (FCA) has created an 11 million pounds sterling ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments. Nikhil Rathi, chief executive of the FCA, made this known in a draft speech for the agency’s webinar titled “Our Role and Business Plan” delivered on
Oil keeps lower for now, down 0.8% to $72.50 One can call it a delayed reaction to the OPEC+ compromise news, but I would argue this is more of a case of a technical exhaustion and buyers taking profits for now. The UAE and Saudi Arabia reached a compromise yesterday, seeing price fall from $75.00
An optimistic twist The official cash rate remained the same at 0.25%, but the headline surprise was that the RBNZ agreed to halt additional asset purchases under the LSAP agreement by July 23. This means that the RBNZ can be considered as setting up for a sooner rate hike than previously projected. The ANZ investment
NEW DELHI: Gold and silver prices traded flat on Thursday, following global trends. Markets awaited for more cues after Federal Reserve Chairman Jerome Powell’s ‘powerful support’ and China’s economic data. Physical gold prices in spot market has gained 3 per cent in the first two weeks of July. However, the gains have been marginal, less
New Zealand Dollar rises broadly after RBNZ halts its asset purchase program. The movement also takes Aussie slightly higher. On the other hand, Dollar is not quite able to extend the post-CPI rally, and softens slightly. European majors are currently mixed. Focus will now turn to BoC policy decision and the reaction in Canadian Dollar
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters Federal Reserve Chairman Jerome Powell is tasked this week with convincing Congress that the ultra-easy policies the central bank has followed during
In this article DAL A Delta Air Lines Boeing 737 approaching LAX for landing. Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines on Wednesday reported second-quarter revenue that topped Wall Street’s estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns. The
The Bank of Canada did not rock the boat at the July policy meeting. The QE taper to $2bn/week was broadly expected and forward guidance for rates and future QE adjustments was unchanged from June. There isn’t much new news on the BoC front since CAD has been pricing most of these developments since April.
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The 200 hour MA stalls the fall. BOC decision at 10 AM The USDCAD has moved down (with the overall dollar selling) and has reached the 200 hour MA at 1.24512. The 50% of the move up from the July 6 low comes in at 1.24458 just below that level. Traders have stuck a toe
Citi on the outlook for AUD/NZD Citi likes short AUD/NZD targeting a move towards 1.02. “The RBNZ announced at the board meeting to halt additional asset purchases under the Large Scale Asset Purchase (LSAP) program by 23 July 2021. CitiFX says that as the Bank would know the growing market expectation that it will increase
MUMBAI: From June, sellers of gold jewellery are mandated to have a hallmark of the Bureau of Indian Standards in the ornaments made by them to certify purity of the gold. This norm was brought about in January 2020, but the Covid pandemic delayed its implementation. According to brokerage , out of the 4 lakh
Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ’s halt of asset purchase program. Canadian
Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy. In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements but said the labor market in particular is still well below where it was before the