In this article BABA Signage for Alibaba Group Holding Ltd. displayed at the company’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba’s annual 11.11 Singles’ Day online shopping bonanza, one that draws in hundreds of millions of people across the globe, is a more low-key affair this year as the e-commerce giant seeks
Bond yields have moved sharply lower on Friday amid a bid for haven assets as Europe heads for lockdown. The US 10-year Treasury yield is now back to the low 1.50s%. US bond yields saw a sharp drop on Friday, the primary catalyst for which was a continued ramp up in concerns about lockdowns in
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Dollar’s retreat continues in Asian session, but it remains one of the strongest for the week, just next to Sterling. On the other hand, while Euro is recovering, it’s still the worst performing one followed by Aussie. Overall, the markets are staying in a near term consolidative phase with mixed performance in stocks and yield,
German DAX -0.18%. UK’s FTSE 100 -0.48% The London/European traders are exiting for the day at the major European stock indices moving to the downside. Below is a summary of the closes, changes, highs and lows from a price and percentage perspective. In other markets as London/European traders look to exit: The major US indices has
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The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector. During a Nov. 18 address to the Australian Corporate Treasury Association, the RBA’s head of payments policy Tony Richards offered an overview on distributed ledger tech, crypto assets, stablecoins, and central
Gold prices inched higher on Friday but were set for their first weekly decline in three as rising inflation fuelled bets of quicker interest rate hikes and dented bullion’s appeal. FUNDAMENTALS * Spot gold rose 0.2% to $1,861.43 per ounce by 0241 GMT, but was down 0.1% so far in the week. U.S. gold futures
Kent Weakley | Getty Images Rents for single-family homes increased 10.2% nationally in September year over year, up from a 2.6% rise in September of last year, according to a new report from CoreLogic. Improved job growth and sky-high prices in the for-sale housing market added to already strong demand for single-family rentals fueled by
In this article M The entrances at Macy’s are decorated with Christmas decorations on December 04, 2020 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s on Thursday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, leading the department store chain to raise its full-year forecast ahead of
Gold bulls are showing up in Asia as the trade starts to pick up. US dollar is also making tracks across the forex board as traders await keynote speeches from central bankers. Update: Gold price is looking to reverse Thursday’s drop, as it flirts with daily highs above $1,860, shrugging off the advance in the
The forex markets are a bit mixed today while trading is subdued. New Zealand Dollar stays as the strongest on RBNZ rate hike expectations. Swiss Franc and Euro are following, primarily thanks to recovery against Sterling. Yen is currently the weakest one for the day, followed by the Pound and then Canadian. But the weekly
The price of the AUDUSD trades mid range in the up and down day The AUDUSD traded to a new low yesterday for the month of November, closing at the lowest level since October 1 (the close yesterday came in at 0.7264). Today, the low price extended down to a new low going back to early October at 0.72488.
Comments for US leading index for September 2021 prior month was revised down to 0.1% from 0.2% leading index 0.9% versus 0.8% estimate Coincident Economic Index® (CEI) for the U.S. increased by 0.5 percent in October to 106.3 (2016=100), after remaining unchanged in September and a 0.1 percent increase in August. Lagging Economic Index® (LAG) for the
Cooking oil prices are again on the rise. Prices of soya oil that are consumed majorly by Indian urban households have gone up by almost Rs 3 per litre at the retail end while palm oil prices have moved up by Rs 2-3 per litre in the last one week, with no immediate respite in
First-time claims for unemployment insurance were little changed over the past week, indicating that the heightened pace of layoffs during the pandemic may have hit a plateau, the Labor Department reported Thursday. Initial filings for the week ended Nov. 13, totaled 268,000, a decline of 1,000 from a week ago and slightly higher than the