August 26, 2020 11:31 am
Having launched its news service in the United States in 2019, Facebook Inc (FB) revealed plans to introduce the feature in Germany, France, the United Kingdom, Brazil and India during the upcoming months. Facebook shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest single-session gain […]
Read moreAugust 26, 2020 9:20 am
Having settled at a five-month high on Tuesday, futures on US West Texas Intermediate Crude Oil eased on Wednesday as disappointing US consumer confidence data added to demand concerns, limiting price gains. Both WTI Crude and Brent Oil futures rose more than 2% on Tuesday, as US producers were making preparations before Hurricane Laura hits […]
Read moreAugust 26, 2020 7:21 am
NZD/USD remained in consolidation mode during early European session on Wednesday, after the kiwi benefited from US-China trade deal commitment while the US Dollar took a hit on the back of weaker-than-expected consumer confidence data in the prior trading day. Markets were now expecting the latest report on US durable goods orders later on Wednesday […]
Read moreAugust 25, 2020 11:27 am
Blackstone Group LP (BX) announced on Monday plans to sell 40% of its stake in Cheniere Energy Inc’s limited partnership to Brookfield Infrastructure. A SEC filing by Blackstone did not state what the value of the agreement was. On the other hand, a report by Bloomberg, citing sources with knowledge of the matter, said the […]
Read moreAugust 25, 2020 9:18 am
Spot Gold extended losses from the previous trading day in Europe on Tuesday as the US Dollar held steady in proximity to recent over one-week highs, while market focus now turns to Fed Chair Jerome Powell’s speech at the Jackson Hole virtual symposium, scheduled on August 27th-28th, for further clues over US monetary policy outlook. […]
Read moreAugust 25, 2020 7:08 am
AUD/USD resumed its bullish move on Tuesday, supported by news of a successful phone call between top trade negotiators from the United States and China despite frictions between the two economic superpowers on other fronts. The US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with China’s Vice Premier Liu He, with talks […]
Read moreAugust 24, 2020 11:28 am
Delta Air Lines Inc (DAL) announced last Friday that it intended to resume 50 flights on international routes during the winter and in 2021, which it had suspended because of the coronavirus crisis. The air carrier said that it would resume daily flights from Seattle to Tokyo, Seoul, Beijing and Shanghai. Delta Air shares closed […]
Read moreAugust 24, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil rebounded on Monday as tropical storms descended upon the Caribbean and were nearing the Gulf of Mexico, causing the shutdown of over half of its oil output. In addition, oil prices were supported by news that US health authorities approved the use of blood plasma from recovered […]
Read moreAugust 24, 2020 7:03 am
NZD/USD traded within a narrow range during early European session on Monday amid lack of relevant macro data, while market players now focus on the Federal Reserve’s annual symposium later in the week for guidance on monetary policy outlook. The 44th annual Economic Policy Symposium, scheduled on August 27th-August 28th, will be a virtual event […]
Read moreAugust 21, 2020 11:31 am
American Airlines Group Inc (AAL) announced on Thursday that it intended to cancel flights to 15 airports across the United States in October amid weak demand for air travel. Starting on October 7th, the air carrier will suspend flights to: – Williamsport, Pennsylvania – Stillwater, Oklahoma – Springfield, Illinois – Sioux City, Iowa – Roswell, […]
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