December 18, 2020 10:24 am
Having touched a one-month high of $1,896.32 on Thursday, Spot Gold eased during European trade on Friday, but was still poised to register its third successive week of gains due to growing optimism over further stimulus measures in the United States. Congressional Republicans and Democrats scrambled to pass a new round of coronavirus relief yesterday, […]
Read moreDecember 17, 2020 10:45 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior several trading days on Thursday, while hitting highs not seen since late February, after a government report revealed a drop in weekly US crude oil inventories. Media reports of progress being made on US fiscal stimulus deal provided some additional support. A […]
Read moreDecember 17, 2020 9:00 am
Southwest Airlines Co (LUV) said on Wednesday that it would take delivery of 35 Boeing 737 MAX jets through the end of next year. Those deliveries will include 16 leased aircraft, Southwest said. The air carrier also noted that the 737 MAX would probably return to revenue service in March. Shares of Southwest Airlines closed […]
Read moreDecember 16, 2020 11:00 am
AUD/USD rose to a fresh 131-week high on Wednesday, as prospects of a vaccine-led global economic recovery kept risk-sensitive assets supported. Yesterday the Australian dollar took a hit after China confirmed a ban on Australia’s thermal coal exports amid continuing trade frictions between the two countries. According to Daniel Hynes, a senior commodity strategist at […]
Read moreDecember 16, 2020 8:34 am
According to a report by the Nikkei newspaper on Tuesday, Apple Inc (AAPL) intends to produce up to 96 million iPhones during the first six months of 2021, or an annual increase of nearly 30%, due to strong demand for the company’s 5G handsets. Apple shares closed higher for the fifth time in the past […]
Read moreDecember 15, 2020 10:27 am
Following a 0.7% rebound on Monday, GBP/USD remained mostly steady in mid-European session on Tuesday as investor optimism over the possibility of a post-Brexit trade deal re-emerged. Yesterday the currency pair surged to 1.3445, rebounding from last Friday’s one-month low of 1.3134, after reports stated EU and UK negotiators had agreed on Sunday to “go […]
Read moreDecember 15, 2020 8:57 am
Exxon Mobil Corp (XOM) announced on Monday plans to reduce its greenhouse gas emissions over a five-year period in an attempt to contribute to the objectives of the Paris Agreement. Exxon Mobil shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest single-session loss since […]
Read moreDecember 14, 2020 9:21 am
According to a report by the Nikkei newspaper, Lockheed Martin Corp (LMT) will participate in a project, led by Mitsubishi Heavy Industries and aimed to develop a new fighter jet. The aircraft will be put to service by the Japanese air force by the mid-2030s. Lockheed Martin shares closed higher for the fourth time in […]
Read moreDecember 11, 2020 10:18 am
Spot Gold traded within a narrow range in Europe on Friday and was set to register its fourth loss out of five weeks, as pressure on the US Dollar eased due to a possible delay in US fiscal stimulus deal. The US Senate is expected to vote on a stopgap measure on Friday to keep […]
Read moreDecember 11, 2020 8:31 am
Walmart Inc (WMT) announced on Thursday plans to increase annual exports of India-made goods three-fold to $10 billion by 2027. Walmart shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 0.47% ($0.69) to $147.04, after touching an intraday low at $146.58, or a price level not […]
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