Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter, spurred by growth in games, advertising and cloud services.
The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance.
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
Japanese wholesale prices, the PPI or CGPI: +0.2% m/m expected 0.0%, prior 0.0% +3.4% y/y expected +3.0%, prior +2.8% The higher results will be a bit of a tailwind for the yen, at the margin. Not too much though, there is the huge monetary policy divergence that is weighing on the hapless yen to contend
Written by , ETMarkets.com| Nov 12, 2024, 06:20:44 PM IST 1/7 Market Roundup Indian market remained volatile on Tuesday and pared most of the morning gains to close in the red. The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 23900. Getty Images 2/7 Sectoral Watch Sectorally, buying was seen in
Dollar’s rally continues broadly today, though most of its strength remains concentrated against European majors. While the greenback holds firm, it remains capped below last week’s highs against commodity-linked currencies and Yen. A clear move upwards could only unfold if 10-year Treasury yield breaks past the 4.4% threshold, though the true direction may hinge on
In this article SPOT Follow your favorite stocksCREATE FREE ACCOUNT The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify shares rose in extended trading on Tuesday after the music streaming company issued a profit forecast for the fourth
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session. OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price lower. Investors will focus on the US CPI inflation data, which is due later on Wednesday. West Texas Intermediate (WTI), the US crude oil
Is Google Stock a Buy or Sell? Hello, this is Itai Levitan at ForexLive.com. Today, I’m analyzing whether Google stock (Alphabet Inc.) is a buy or sell, and my take may surprise you. Unlike many who are looking to buy now, I’m approaching this with a lot more patience. In this update, I’ll walk you
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
1/11 Crypto Surge Since Donald Trump’s 2024 U.S. Presidential Election victory, the crypto market has seen substantial growth, with multiple cryptocurrencies experiencing impressive rallies. Moving beyond the top tokens like Bitcoin, a handful of altcoins have soared significantly, capturing the spotlight in the crypto space. Here are ten notable cryptocurrencies and their impressive percentage gains
Dollar strength and European weakness is currently the main theme in the markets this week so far. The greenback shrugs off strong risk-on sentiment, as reflected in another day of record closes in major US indexes, with strong momentum against Euro and Swiss Franc. A lineup of Fed officials today will provide commentary that could
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT Home Depot‘s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday. The retailer also raised
The US Dollar takes off again and crushes all its G20 peers. The Trump trade is the main driver underpinning the Greenback. The US Dollar index makes its way through a string of strong resistances. The US Dollar (USD) extends its rally on Tuesday as the Trump trade adds another wave of US Dollar buying.
More records are reached today: Dow industrial average closes over 44,000 for the first time ever S&P index closes above the 6000 level the first time ever NASDAQ index closes at a new record level as well For the Russell 2000 it lasts record close was back on November 8, 2021 at 2442.21. The index
National Australia Bank monthly survey of business, for October 2024 Business Confidence +5, highest in nearly two years Business Conditions +7 — Some of the sub indexes: sales +1 to +13 (a strong reading) profitability steady at +5 employment intentions -2 to +3 growth in input costs slowing to 0.9% q/q, from 1.3% in September
Written by , ETMarkets.com| Nov 11, 2024, 08:31:27 PM IST 1/3 Stock Ideas Indian equity markets closed flat on Monday as the actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy.“India is also looking forward to the CPI data with a muted
Euro is facing immense selling pressure today as US session commences, driven by both external trade concerns and internal political challenges in Germany. The market is wary of escalation in trade tensions with the US following Donald Trump’s election victory, with reports suggesting that Robert Lighthizer—a trade hawk known for his aggressive stance—could make a
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