January 19, 2021 10:58 am
Having touched a two-week low on Monday, AUD/USD firmed on Tuesday, as investor risk sentiment improved on renewed optimism that China will continue to drive growth in the Asia Pacific area. The latest macro data showed that Chinese economic growth had accelerated during the fourth quarter, while the nation’s economy had been among the few […]
Read moreJanuary 19, 2021 8:44 am
Deliveroo said over the past weekend that it had secured additional $180 million in raised funds from existing investors. As a result, the company’s business is now valued at over $7 billion. The London-based company intends to use the $180 million raised to expand its delivery-only kitchen sites, on-demand grocery deliveries and subscription services. “This […]
Read moreJanuary 18, 2021 10:12 am
GBP/USD fell to a one-week low on Monday, as the greenback held on to recent gains. Still, prospects for the Sterling remain rather positive, analysts noted, while the latest CFTC futures data revealed the largest net long position on GBP since last March. With a no-deal Brexit scenario now avoided thanks to a last-minute EU-UK […]
Read moreJanuary 15, 2021 10:23 am
After a flat performance a day earlier, Spot Gold rose on Friday, as the prospect of a huge US coronavirus relief package increased the commodity’s appeal as a hedge against inflation. Additional support to prices came after rather dovish remarks from Federal Reserve’s Chairman Jerome Powell. US President-elect Joe Biden on Thursday announced a $1.9 […]
Read moreJanuary 15, 2021 8:30 am
BlackRock Inc’s quarterly profit, reported on Thursday, topped Wall Street estimates, since higher activity in global markets led to higher investment and advisory fees for the company, while its assets under management rose to a record high. BlackRock shares closed lower for the second time in the past ten trading sessions in New York on […]
Read moreJanuary 14, 2021 10:10 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 47-week high on Thursday, despite that China’s customs data revealed a rise in crude oil imports and crude oil stocks in the US dropped more than anticipated last week, as surging new coronavirus infections worldwide and related oil demand concerns continued to weigh. […]
Read moreJanuary 14, 2021 8:40 am
Visa Inc (V) and fintech firm Plaid said earlier this week that their $5.3 billion merger agreement would be terminated, after the US government filed a lawsuit to stop the proposed transaction due to antitrust concerns. Visa shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […]
Read moreJanuary 13, 2021 10:50 am
According to J.P. Morgan analysts, Ford Motor Co’s decision to shut three facilities in Brazil will allow it to trim losses and bolster profitability in its underperforming international segment. “We expect the move to quickly reduce losses in its South American operations, for which we now model a breakeven result in 2020 compared with a […]
Read moreJanuary 13, 2021 9:01 am
During a J.P. Morgan healthcare conference yesterday, Pfizer Inc’s (PFE) Chief Executive Officer Albert Bourla said that the company forecast full-year 2021 earnings within the range of $3.00 to $3.10 per share. In comparison, analysts on average anticipate full-year earnings per share of $3.07. Pfizer shares closed lower for the third time in the past […]
Read moreJanuary 12, 2021 10:00 am
Following a steep drop a day earlier, AUD/USD traded higher on Tuesday, as the greenback paused a four-day advance, triggered by rising US bond yields. Expected to take office on January 20th, President-elect Joe Biden has promised “trillions” in additional coronavirus relief spending, which pressured government bonds and drove bond yields higher. The yield on […]
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