July 23, 2023 7:45 am
SLB’s quarterly earnings, reported on Friday, outstripped market expectations, as a rebound in offshore and international drilling activity heightened demand for its oilfield services and equipment. However, the company joined its competitors Halliburton and Baker Hughes in projecting lukewarm North American activity. Total revenue was reported at $8.1 billion in the three months to June […]
Read moreJuly 21, 2023 10:21 am
Key points Spot Silver extends losses, pulling back from 10-week high US Dollar and Treasury yields surge after jobless claims data bolster hawkish Fed bets Silver looks at 0.8% weekly loss Spot Silver extended losses on Friday and was on course for its first weekly decline in four weeks, as the US Dollar strengthened and […]
Read moreJuly 21, 2023 7:58 am
Key points GBP/CAD rebounds from two-week trough UK retail sales growth adds to case for more BoE rate hikes Canada retail sales data now in focus The British Pound firmed against the Canadian Dollar on Friday, looking to snap a four-day streak of losses, after UK retail sales grew more than expected in June despite […]
Read moreJuly 20, 2023 2:24 pm
GXO Logistics Inc (GXO), a leading pure-play contract logistics provider, said on Thursday that it had inked a multi-year agreement with HEINEKEN to continue operating its warehouse, distribution and secondary transport network to retail and wholesale outlets across the United Kingdom. The network manages over 500,000 deliveries annually to more than 8,000 customers from point […]
Read moreJuly 20, 2023 11:38 am
Lockheed Martin has secured an Other Transaction Authority agreement with a ceiling of $220.842 million to develop, integrate, manufacture, test and deliver Indirect Fire Protection Capability-High Energy Laser prototype weapon systems. Work, which is expected to be completed until October 18th 2025, will be performed in Bothell, Washington; Moorestown, New Jersey; Owego, New York; Oldsmar, […]
Read moreJuly 20, 2023 9:18 am
Key points USD/ZAR falls to fresh 15-week trough South Africa inflation slows to 19-month low of 5.4% in June SARB expected to keep main rate intact at 8.25% later today The South African Rand advanced to a fresh 15-week high against the US Dollar on Thursday ahead of a rate decision by the South African […]
Read moreJuly 20, 2023 7:31 am
Key points AUD/JPY at 1-week highs Robust employment growth in June puts more pressure on RBA to continue rate hikes China leaves benchmark lending rates unchanged Japan records first trade surplus in June after 22 months of shortfalls The Australian Dollar surged over 0.5% against the Japanese Yen on Thursday, after Australian jobs data for […]
Read moreJuly 19, 2023 12:55 pm
Key points China growth support pledge reinforces oil demand prospects Macro data add to expectations Fed may be nearing end of tightening cycle US crude oil stocks decrease last week – API Futures on US West Texas Intermediate Crude Oil gained for a second straight day on Wednesday, supported by expectations that the Fed is […]
Read moreJuly 19, 2023 10:56 am
Key points Slower CPI deceleration in New Zealand underpins kiwi dollar, RBNZ rate cut prospects pushed further into future Australian employment data now in focus, to provide clues over RBA rate outlook The New Zealand Dollar was holding gains against its Australian counterpart on Wednesday, after the latest New Zealand CPI inflation report pushed investor […]
Read moreJuly 19, 2023 8:44 am
Key points Rupee edges down with Chinese Yuan as China recovery concerns weigh Equity inflows may cap Rupee losses India’s Rupee was a notch weaker against the US Dollar on Wednesday amid a Yuan-driven retreat in Asian currencies. The offshore Yuan was looking at a fourth straight day of losses against the US Dollar, undermined […]
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