In Q2 2023, IBM reported an operating EPS of $2.18, which was higher than the expected $2.01. The reported revenue for Q2 was $15.48 billion, falling slightly short of the projected $15.57 billion. The revenue breakdown across different segments was as follows: Software segment generated $6.61 billion in revenue, surpassing the expected $6.35 billion, marking

The Brent crude oil benchmark hovered above $80 a barrel on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 63 cents at $80.26 a barrel by 1325 GMT while U.S. West Texas Intermediate (WTI) crude was up

Sterling continues its descent, which was spurred on by the fallout from UK CPI data, in early US session. The odds of a 50 bps rate hike from BoE in August are being reassessed, now standing at a mere 50% probability. Furthermore, expectations of a peak rate have also dipped, falling below the 6% threshold.

The report here helps to pull back the recent hawkish market pricing on the BOE and that is dragging the pound lower on the day. It’s a pretty straightforward one as price pressures may be starting to ease in the UK, which is a welcome development to the economy. Not only did we see a

Gold traded flat in the early trade on Wednesday as the dollar index (DXY) crossed above the 100 mark and was trading with positive bias. The DXY was around 100.07 against a basket of 6 major currencies. The August gold futures were trading at Rs 59,793 per 10 grams on the MCX around 9:10 am,

Sterling falls sharply following the release of June’s UK CPI figures which revealed faster than expected slowdown in both headline and core inflation. Despite the persistent high inflation levels, these figures suggest BoE may not need to raise interest rates as aggressively as previously anticipated by some economists, potentially easing some monetary policy pressures. In