November 30, 2020 11:06 am
Having climbed to highs not seen since early September last week, GBP/USD maintained ground above the 1.3300 mark in mid-European session on Monday, as market optimism that a post-Brexit trade deal between the UK and the EU may be secured continued to persist. According to Britain’s Environment Secretary George Eustice, this week is “crucial” for […]
Read moreNovember 30, 2020 9:26 am
Amazon.com Inc (AMZN) announced plans to spend over $500 million on one-time bonuses for its US front-line employees who are working during the busy holiday season amid the pandemic. Amazon shares closed higher for a third consecutive trading session on NASDAQ on Friday. The stock edged up 0.32% ($10.27) to $3,195.34, after touching an intraday […]
Read moreNovember 27, 2020 10:48 am
Spot Gold was on track to register its third consecutive week of decline, as market players weighed optimism over the timing of COVID-19 vaccines’ arrival against some concerns over the effectiveness of a leading vaccine candidate. AstraZeneca was faced with some tough questions regarding the success rate of its vaccine, which brought forth certain doubts […]
Read moreNovember 27, 2020 9:03 am
Walt Disney Co (DIS) said in a filing that it intended to dismiss 32,000 employees, mostly at its theme parks business, with effect during the first half of fiscal 2021. In September, the company had announced plans to lay off 28,000 workers. Walt Disney shares closed lower for the fifth time in the past ten […]
Read moreNovember 26, 2020 10:30 am
NZD/USD was holding gains achieved in the prior two trading days on Thursday, after earlier touching highs not seen since mid-June 2018, as investor risk sentiment remained underpinned by coronavirus vaccine optimism and hopes of a global recovery. “A China-led recovery in the global economy and commodities should benefit commodity currencies,” Masafumi Yamamoto, chief currency […]
Read moreNovember 26, 2020 8:45 am
According to a report by Reuters, citing a document submitted to the Shanghai authorities by Tesla Inc (TSLA), the US company intends to begin producing electric vehicle chargers in China in 2021. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 3.35% ($18.62) to $574.00. The […]
Read moreNovember 25, 2020 9:00 am
A stock trading hub will be launched in Paris by Goldman Sachs Group Inc (GS), the bank said on Tuesday, as it seeks to avoid disruption to clients after Britain fully parts ways with the European Union on December 31st. Goldman Sachs shares closed higher for a second consecutive trading session in New York on […]
Read moreNovember 24, 2020 11:01 am
AUD/USD, along with other risk-sensitive assets, surged almost 1% on Tuesday and hit highs not seen since early September, after US President Donald Trump agreed to begin a transition to a government led by President-elect Joe Biden. It also became clear that former Federal Reserve Chair Janet Yellen would probably be nominated to become Treasury […]
Read moreNovember 24, 2020 9:09 am
General Motors Company (GM) will have to recall 5.9 million trucks and SUVs equipped with Takata air bag inflators, after its petition to avoid the callback has been rejected by the US National Highway Traffic Safety Administration. General Motors shares closed higher for a fourth consecutive trading session in New York on Monday. It has […]
Read moreNovember 23, 2020 10:40 am
GBP/USD hit a fresh 12-week high in early European session on Monday, after more positive news over COVID-19 vaccine progress bolstered demand for risk-sensitive currencies. AstraZeneca said on Monday that its vaccine could be about 90% effective against the coronavirus with no serious side effects. Additionally supporting sentiment, a top US health official said over […]
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