March 7, 2025 10:00 am
Key moments CAD experienced increased volatility on Thursday as market participants reacted to the shifting landscape of U.S. tariff policies. In intraday trading, CAD briefly surged by 0.7% against the USD before settling to a gain of approximately 0.2%. The USD/CAD pair approached its 50-day Exponential Moving Average (EMA) at the critical 1.4300 price level. […]
Read moreMarch 7, 2025 8:44 am
Key moments Oil prices are set for their largest weekly drop since October due to U.S. tariff policy uncertainties. Fluctuating U.S. trade policies, including tariffs, are creating concerns about economic growth and oil demand. Despite tariff concerns, OPEC+ is proceeding with planned output increases, adding to market supply. Oil Prices Are on Track for Steepest […]
Read moreMarch 7, 2025 8:04 am
Key moments Earnings Beat Expectations: Myers Industries reports adjusted earnings significantly above analyst estimates. Revenue Growth Driven by Material Handling Segment: Acquisition and strong performance in the Material Handling sector boost overall revenue. Strategic Cost-Saving and Share Repurchase Programs: Company announces initiatives to enhance efficiency and shareholder value. Myers Industries Stock Surges on Strong Q4 […]
Read moreMarch 7, 2025 7:09 am
Key moments Anticipation of US Nonfarm Payrolls: Traders exhibit caution leading up to the release of the US Nonfarm Payrolls report, resulting in a decline in the AUD. Impact of Global Trade Dynamics: Fluctuations in the AUD are influenced by China’s trade data, United States-Mexico-Canada Agreement tariff exemptions, and ongoing geopolitical tensions. Australian Economic Indicators […]
Read moreMarch 6, 2025 4:08 pm
Key moments NBIM allocates $250 million to hedge funds as part of its long-short equity strategies. New mandates target returns over 1.8% above benchmark. Norway’s fund, managing oil revenues, achieved 7.5% annualized returns over a decade. NBIM Aims to Outperform Benchmark by More Than 1.8% after Fees Norway’s $1.8 trillion sovereign wealth fund, managed by […]
Read moreMarch 6, 2025 3:21 pm
Key moments Cracker Barrel reported a 1.5% YoY revenue increase in Q4 2024 to $949.4 million, exceeding analyst expectations. The company’s stock saw an 11.5% increase to $44.93 after its Q4 earnings were announced. Adjusted earnings per share (EPS) of $1.38 surpassed analyst consensus estimates by 27.2%, a sign of strong profitability. Cracker Barrel’s Solid […]
Read moreMarch 6, 2025 2:51 pm
Key moments Nasdaq 100 futures fell 1.6% while S&P 500 futures dropped 1.2%, indicating a weaker Wall Street open. Marvell Technology shares plunged about 15% premarket, following disappointing earnings and revenue forecasts. Europe’s Stoxx 600 index declined as much as 0.9%, adding to bond yield pressures. Tech Earnings Miss and AI Competition Drive Market Decline […]
Read moreMarch 6, 2025 1:49 pm
Key moments Germany’s 10-year Bond yield rose by another 0.07 ppt to 2.85%, following its historic 30-year surge on Wednesday. Japan’s 10-year bond yield also increased by 0.07 ppt to 1.51% and reached its highest level since 2009. German stocks initially hit a record high, then settled with a 0.4% gain. German 10Y Bond Yield […]
Read moreMarch 6, 2025 1:06 pm
Key moments Schroders reported a 14% increase in profit before tax for the fiscal 2024, reaching £558.1 million, up from £487.6 million for the previous year. Basic earnings per share rose 7% to 26.4 pence, compared to 24.6 pence in the prior fiscal year. The company’s new 3-year plan aims to deliver £150 million in […]
Read moreMarch 6, 2025 10:44 am
Key moments Palantir stock experiences a 30% decline since its mid-February peak, reversing a period of significant growth. CEO Alex Karp announces plans to sell 9,975,000 shares of stock, raising investor concerns. Proposed federal spending cuts, particularly within the Defense Department, initially cast doubt on Palantir’s future revenue. Valuation Concerns and Federal Spending Shifts Impact […]
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