Headlines: Markets: CHF leads, NZD lags on the day European equities higher; S&P 500 futures down 0.1% US 10-year yields flat at 4.181% Gold up 0.3% to $2,639.48 WTI crude down 1.0% to $67.60 Bitcoin down 0.6% to $98,451 It was a quiet session in European morning trade today and understandably so. Market players are
Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures fell by 9 cents, or 0.1%, to $72 per barrel by 0116 GMT. U.S. West Texas Intermediate crude futures fell
Gold prices surged on Friday as market participants braced for US jobs data, which is expected to provide insights into the future trajectory of interest rate cuts. As of 10:13 am, February gold futures were trading at Rs 76,777 per 10 grams on the MCX, up by Rs 301 or 0.39% from the previous session’s
Sterling rallied broadly today, driven by BoE’s Monthly Decision Maker Panel survey, which underscored a complex economic outlook that reinforces the central bank’s cautious approach to policy easing. The survey revealed a mixed picture of inflationary and deflationary pressures. Notably, 54% of businesses anticipate raising prices in response to National Insurance contribution hikes outlined in
Dollar steadied after yesterday’s selloff, recovering slightly as markets braced for the non-farm payroll report. Traders appear increasingly confident about a December rate cut, shifting the focus of today’s employment data toward its implications for January’s FOMC meeting. While the report may still trigger some market volatility, many participants seem inclined to look past this
Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP. Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000. Education and health services led job creation, adding 50,000 positions on
A pedestrian walks by a ‘hiring now’ sign in front of a U-Haul store on December 03, 2024 in San Rafael, California. Justin Sullivan | Getty Images After a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer picture of where the
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A customer exits a Lululemon store in New York on Aug. 22, 2024. Yuki Iwamura | Bloomberg | Getty Images Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year
In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT Beauty products on the shelves at Ulta Beauty. Brian Cassella | Tribune News Service | Getty Images Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. The retailer hiked its full-year
Gold price bounces back and moves higher ahead of the US NFP data for November, which will influence market expectations for the Fed’s interest-rate path. Traders lean toward the Fed reducing interest rates by 25 basis points on December 18. The violation of truce terms between Israel and Hezbollah has reignited tensions in the Middle
US Dollar (USD) is expected to trade in a 7.2550/7.2800 range. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. USD to probably trade between 7.2400 and 7.2900 24-HOUR VIEW: “Following USD sharp pullback
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
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
Gold prices edged lower on Thursday as investors waited for US payroll data expected to provide more insights into the Federal Reserve’s monetary policy path. As of 10:01 am, February gold futures were trading at Rs 76,980 per 10 grams on the MCX, down by Rs 112 or 0.15% from the previous session’s closing price.
US financial markets basked in risk-on sentiment overnight, with S&P 500 and NASDAQ scaling new record highs. Bitcoin seized the momentum, surging past the psychologically significant $100K mark. Dubbed the “Trump Trade,” optimism over President-elect Donald Trump’s policies has returned in full force and is likely to persist, barring surprises from tomorrow’s pivotal non-farm payroll
Paul Atkins, founder and chief executive officer of Patomak Global Partners LLC, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. David Paul Morris | Bloomberg | Getty Images President-elect Donald Trump, keeping with his promise for a crypto-friendly administration, plans to
In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend
Gold price ticks lower on Thursday amid a modest rebound in the US bond yields. Geopolitical risks and trade war fears limit losses for the safe-haven XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on Friday. Gold price (XAU/USD) sticks to its modest intraday losses during the early
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