Economist David Rosenberg suggests hyperinflation warnings are irrational. The longtime bear, known for his contrarian views, blames rising prices on Covid-19-induced supply side shocks. According to Rosenberg, it’s wrong to assume the impact will cripple the economy and feed into runaway inflation. “I’m actually rolling my eyes over the suggestion,” the president of Rosenberg Research
In this article F The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images DETROIT – Ford Motor is announcing third-quarter earnings after the markets close Wednesday. Here’s what Wall Street expects, based on average analysts’
The forex markets are extending near term corrective moves today, with Yen turning slightly stronger, followed by Swiss Franc. Canadian Dollar and Sterling are the weaker ones, followed by Dollar. The Loonie will look into BoC policy decision for guidance. Meanwhile, broader markets will look at development in overall risk sentiments. European indexes are trading
Euro Stoxx index comes off a record close reached yesterday The major European indices are closing lower on the day. It comes a day after the Euro Stoxx 600 index closed a record level yesterday. Today, the index was down -0.1%. Other provisional closes shows: German DAX, -0.4% France’s CAC, -0.2% UK’s FTSE 100, -0.3% Spain’s Ibex, -0.3% Italy’s
An important week for tech company earnings reports has started with Facebook, which reported third-quarter revenue this year totalling $29.01 billion, a 35% jump compared to the same quarter in 2020. Microsoft Corp. with revenues of $45.3 billion in the first quarter of fiscal 2022, after a 22% increase from the same timeframe a year
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NEW DELHI: Gold prices edged lower on Wednesday, tracking a weak global trend, although the declines were marginal. A stronger US dollar and elevated bond yields dented bullion’s safe-haven appeal ahead of key central bank meetings in the coming few days. Gold futures on MCX were trading 0.10 per cent or Rs 58 lower at
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Wednesday said flaws in its 787 Dreamliners would cost it $1 billion in added costs and that it
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Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest
100 hour MA at 0.74923 The AUDUSD successfully tested its 100 hour moving average in the European morning session and bounced. The bounce took the price up to test a swing area between 0.7511 and 0.7522 ahead of the high from last week at 0.75457. That high was the highest level since July 6. The move back to
AUD/USD takes the bids to refresh weekly top following firmer Aussie Q3 inflation data. Australia CPI matches QoQ forecasts but RBA Trimmed Mean CPI favors bulls. Market sentiment stays mixed amid pre-US data caution, US-China headlines and receding covid fears. US Durable Goods Orders eyed for fresh impulse. AUD/USD remains well-bid around the intraday top
Solana (SOL) price is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and non-fungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end. Institutional investor interest is likely a key factor behind Solana’s impressive 490% gain since August. For example,
Australian Q3 inflation data is due Wednesday 27 October 2021 at 0030 GMT For the headline: Core inflation: Trimmed mean expected 0.5% q/q, prior 0.5% expected 1.8% y/y, prior 1.8% For the weighted median, another measure of core inflation. expected 0.5% q/q, prior 0.5% expected 1.9% y/y, prior was 1.7% Short preview post here from yesterday. Via NAB: the risks
New Delhi: Gold in the national capital on Tuesday declined marginally by Rs 5 to Rs 47,153 per 10 gram following weak global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver slumped Rs 287 to Rs 64,453 per kilogram from Rs 64,740