March 15, 2021 10:04 am
GBP/USD rebounded on Monday after a 0.6% drop last Friday ahead of central bank policy meetings, as the success of the UK vaccination program continued to underpin the Sterling. The latest data showed that more than 512 000 people in the UK had received their first dose of a COVID-19 vaccine on Saturday, while the […]
Read moreMarch 12, 2021 9:03 am
Spot Gold extended losses from the previous trading day on Friday, pressured by a surge in US Treasury yields and a firmer US Dollar. The yield on benchmark US government bonds rose after a pullback earlier this week, while the US Dollar rebounded from lows not seen since March 4th. Rising bond yields lead to […]
Read moreMarch 12, 2021 8:02 am
General Electric Co (GE) said earlier this week that it forecast full-year free cash flow of between $2.5 billion to $4.5 billion and full-year adjusted earnings within the range of $0.15 to $0.25 per share. GE actually reiterated the guidance it had provided in January. The company expects to generate higher cash flow in 2021 […]
Read moreMarch 11, 2021 10:01 am
Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after US gasoline inventories dropped for a second straight week, while successful vaccine roll-outs added to economic outlook optimism. On the other hand, US crude oil inventories rose for a third straight week following the mid-February deep freeze in Texas. An official report […]
Read moreMarch 11, 2021 8:36 am
Campbell Soup Co said on Wednesday that it forecast a drop in its full-year 2021 sales, as the roll-out of COVID-19 vaccines will probably prompt customers to return to restaurants while diminishing their reliance on ready-to-eat soups and snacks. Campbell Soup said it now expected a drop of between 2.5% and 3.5% in its fiscal […]
Read moreMarch 10, 2021 10:26 am
Irish firm AerCap Holdings NV on Tuesday acknowledged that it was conducting negotiations with General Electric Co (GE) to buy its aircraft-leasing business, known as GE Capital Aviation Services. A report by Reuters earlier this week, citing sources with knowledge of the matter, stated that AerCap and General Electric were in talks aiming to establish […]
Read moreMarch 10, 2021 8:28 am
According to a report by Bloomberg News earlier this week, Tesla Inc (TSLA) intends to build a mega battery that could power about 20,000 households during the peak summer season and which will be connected to the Texas grid. Gambit Energy Storage LLC, which is registered as a subsidiary of Tesla Inc, has embarked on […]
Read moreMarch 9, 2021 8:32 am
According to a recent report by Bloomberg News, Goldman Sachs Group Inc (GS) could generate nearly $100 million in earnings from February’s winter storm, which left many households across Texas and some other southern states without electricity, heat and clean water. The media also said that Goldman’s earnings from the physical sale of power and […]
Read moreMarch 8, 2021 10:07 am
Having touched a three-week trough on Friday due to a broadly stronger dollar, GBP/USD traded mostly stable above 1.3800 during the European session on Monday, as the latest CFTC futures data showed Pound speculators had been the most bullish in three years. Against a basket of six major peers, the US Dollar continued to gain […]
Read moreMarch 5, 2021 10:11 am
Spot Gold extended losses from the previous two trading days on Friday, while hitting a fresh nine-month low, following some disappointing remarks on rising bond yields by Federal Reserve Chair Jerome Powell, which further bolstered bond yields and the US Dollar. The precious metal also looked set to register its third consecutive week of losses. […]
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