Turkish Finance Minister Lutfi Elvan said on Friday that he expects the economy to grow by 6% in the first quarter, as suggested by the economic indicators. Additional comments “Expected this trend to continue with the support of external demand.” “Government’s priorities are price stability, controlling current account deficit, boosting labor market.” more to come
Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000 before its price rebounded. Data from Cointelegraph Markets Pro and TradingView shows
Dow and S&P up for the second straight day. The major indices are closing with modest changes on the day. The Dow is leading the way with a gain of 0.4%. The Dow and S&P are up for the second straight day The NASDAQ remains on track for its 1st monthly loss since October Dow and S&P are both on track
None of these are likely to move FX much upon release. 2200 GMT New Zealand – ANZ Consumer Confidence Index for May prior +4.2% m/m to 115.4 2301 GMT UK – Lloyds business barometer for May 2330 GMT Tokyo inflation data for May – Tokyo area CPI (national level CPI for the month follows in
NEW YORK: prices were steady on Thursday, bolstered by strong US economic data that offset investors’ concerns about the potential for a rise in Iranian supplies. Brent fell 2 cents to $68.85 a barrel by 10:52 a.m. EDT (1452 GMT). US West Texas Intermediate (WTI) crude was unchanged at $66.21 a barrel. The number of
Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some more time is needed to assess the situation. Nevertheless, Canadian Dollar is even stronger for
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the norm before Covid-19 struck in March 2020, it is the closest to the previous trend since the
In this article CRM Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 2% in extended trading on Thursday after the cloud software maker reported fiscal first-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according
NZD/USD has been bid on the day as the US dollar pulls back. A slightly risk-on tone has helped to support the commodity complex on Thursday. NZD/USD has, for the most part, remained in the hands of the bulls following this week’s surprise hawkish outcome of the Reserve Bank of New Zealand. At the time
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Nvidia releases earnings after the close the major US indices are ending the session with mixed results. The Dow 30 is closing lower. The Russell 2000 index up small-cap stocks is closing up around 2%. The Dow and S&P are on track for a monthly gain the NASDAQ remains on track for a down month.
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NEW DELHI: Gold prices retreated from its four and half month high on Thursday, hurt by an uptick in the US dollar and bond yields, while investors awaited key economic readings out of the United States this week. Domestic markets, too, witnessed a muted trade. The dollar index rose to a one-week high against rivals,
Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it’s lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian Dollar has also found some footing after yesterday’s pull back. In other markets, Asia markets
In this article NVDA Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 88% compared
Silver once again managed to find decent support near the $27.45 confluence support. Mixed oscillators on hourly/daily charts warrant caution before placing directional bets. Silver attracted some dip-buying near the lower end of its weekly trading range, around the $27.45 region and refreshed daily tops during the early part of the European session. The mentioned