February 12, 2021 10:52 am
Spot Gold extended losses from the prior trading day on Friday, as the US Dollar rebounded from recent two-week lows, supported by a rise in 10-year US bond yields. Still, however, the yellow metal looked set to register its first weekly gain in the past three weeks on hopes of additional fiscal stimulus in the […]
Read moreFebruary 12, 2021 8:43 am
According to a report by the Wall Street Journal earlier this week, Best Buy Co Inc (BBY) has informed employees of some incoming job cuts at its stores, as the novel coronavirus pandemic forces retailers to become more reliant on online shopping than ever before. “Customer shopping behavior will be permanently changed in a way […]
Read moreFebruary 11, 2021 10:27 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s over 1-year high on Thursday due to expectations of slower economic recovery, while speculation emerged that recent oil price gains could prompt key producers to cut output at a lesser rate. “Benchmark crude oil futures fell … as investors tapped the brakes on the […]
Read moreFebruary 11, 2021 8:21 am
According to a Wednesday report by Nikkei Asian Review, Apple Inc (AAPL) has tied up with Taiwan Semiconductor Manufacturing Co (TSMC) over the development of micro OLED displays, which the tech giant intends to use in its next augmented reality devices. Apple shares closed lower for a second consecutive trading session on NASDAQ on Wednesday. […]
Read moreFebruary 10, 2021 10:33 am
BlackRock Inc (BLK) on Tuesday announced the appointment of Rachel Lord as its new Chairman of Asia Pacific business. Lord’s appointment is effective from May 1st, subject to regulatory approval, the asset manager said. BlackRock shares closed higher for a second consecutive trading session in New York on Tuesday. The stock edged up 0.32% ($2.35) […]
Read moreFebruary 10, 2021 8:11 am
Comtech Telecommunications Corp (CMTL) said on Tuesday that its Mission-Critical Technologies group had been awarded a contract from the US Army worth up to $235.7 million to ensure provision of ongoing system refurbishments, sustainment services and baseband equipment. The agreement is expected to support the sustainment of the Army’s AN/TSC-198 Secret Internet Protocol Router and […]
Read moreFebruary 9, 2021 10:11 am
AUD/USD, a liquid proxy for risk, extended gains from the previous two trading days on Tuesday, while touching a fresh two-week high, supported by improved market sentiment and upbeat Australian macro data. National Australia Bank’s gauge of business confidence, reported earlier Tuesday, climbed to a reading of 10 in January from a revised up value […]
Read moreFebruary 9, 2021 8:40 am
Morgan Stanley (MS) said on Monday that it had initiated a long position in the Russian Rouble against a 50-50 basket of the US Dollar and the Euro, as it targets a 6% surge in Russia’s currency. Morgan Stanley shares closed higher for a third consecutive trading session in New York on Monday. The stock […]
Read moreFebruary 8, 2021 10:04 am
GBP/USD eased from recent more than 2 1/2-year highs, but remained supported just above the 1.3700 mark on Monday, with some analysts being rather bullish on its outlook. Earlier in February the Sterling climbed to highs unseen since May 2018 against the US Dollar, supported by improved risk sentiment, optimism over UK’s coronavirus vaccine roll-out […]
Read moreFebruary 5, 2021 10:42 am
Having touched a two-month low on Thursday, Spot Gold managed to recoup part of recent losses on Friday, as the US Dollar eased from highs unseen since early December. Still, however, the yellow metal looked set to register its steepest weekly decline since the business week ended on January 8th, being down 2.20%. “There is […]
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