Dollar had a dramatic turnaround in its fortune overnight, following the significant slide in US 10-year yield, which coincided with robust rally in US stock markets. Major indexes effectively wiped out the sharp declines seen on Wednesday. Anticipation of a Fed rate cut in March has notably dwindled, with fed fund futures now showing a
Fs Productions | Tetra Images | Getty Images Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S. labor market. Black males who were at least 20 years old saw an unemployment rate of 5.3% in January, up from 4.6% in December, according to seasonally
In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Bloomberg | Bloomberg | Getty Images Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations, but the company’s profit declined significantly from same period the year prior as oil prices
Share: In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook. MXN weakening path ahead Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president
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It’s no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It’s the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime soon. USD/JPY is a big beneficiary, up 180 pips to
The Indian bullion market was disappointed with nothing for it in the interim budget against a long wishlist which included reducing import duties and Goods & Service tax (GST). Both gold and silver futures fell in the early trade in the domestic markets notwithstanding gains in the international markets. While the MCX April gold futures
Dollar is staging a significant rebound in early US session, fueled by unexpectedly robust Non-Farm Payroll data. This surge was mirrored by a sharp increase in 10-year treasury yield, which is on the verge of reclaiming 4% handle. Conversely, stock futures took a downturn in response to the revelations from the labor market. January’s NFP
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held
In this article BMY Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Bristol Myers Squibb reported quarterly earnings and revenue that topped expectations on Friday as its portfolio of new drugs posted strong sales growth. Here’s what the company reported for the fourth quarter compared with what Wall Street was expecting, based on
Share: The Cocoa price continued its rally from last year in the first weeks of 2024. Economists at Commerzbank expect Cocoa prices in New York to approach all-time high of $5,379. Cocoa market likely to face a supply deficit in the current 2023/24 crop year There are currently concerns that dry weather fanned by Harmattan winds
The NZDUSD moved lower (higher USD) like most pairs today in the early US session, but after the US data came out weaker, yields started to move lower helped by regional banking concerns, the trend lower reversed and the price reversed higher. Technically, the low for the day did see the price move below its
The last time the Dow made a change was in August 2020, so the removal of some companies and inclusion of others will be the first in nearly 4 years. the reshuffling is expected around the end of February. Walmart is having a 3-for-1 stock split, to take effect when the market opens on February
Gold prices on Friday were set for their best week in seven, as the dollar and Treasury yields retreated, while traders awaited key U.S. jobs numbers due later in the day to gauge timing on when the Federal Reserve could start cutting interest rates. FUNDAMENTALS * Spot gold was flat at $2,053.09 per ounce by
In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen’s can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed Thursday, while core figures declined less than expected. Annual headline price rises came in at
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple’s
Share: MULN stock rose more than 3.5% on Thursday. CEO Michery says Mullen is differentiates itself by launching vehicles that are profitable on day one. Mullen Automotive stock has advanced nearly 8% this week but remains down 49% YTD. The EV company received its first order from the Dominican Republic this week. Mullen Automotive (MULN)