I’m skeptical of price action around quarter-end so I don’t want to pile on here but if I were to pile on I’d say: Europe is an uninvestible sinkhole of economic growth that’s more concerned with consolidating political power around a United States of Europe and social/green investment than in winning any kind of race.
Month: June 2022
Headlines: Markets: JPY leads, EUR lags on the day European equities lower; S&P 500 futures down 1.5% US 10-year yields down 5.6 bps to 3.037% Gold down 0.7% to $1,805.33 WTI crude down 0.9% to $108.84 Bitcoin down 5.9% to $18,995 A glance at markets would suggest a typical risk-off kind of day but that
Gold in the national capital on Thursday fell by Rs 323 to Rs 50,572 per 10 grams, according to securities. In the previous trade, the precious metal settled at Rs 50,895 per 10 grams. Silver also tumbled by Rs 776 to Rs 59,377 per kg from Rs 60,153 per kg in the previous trade. In
Swiss Franc remains the runaway leader for the week so far. Dollar and Canadian are competing for the second place. On the other hand, New Zealand Dollar is the worst, followed by Sterling and then Euro. Yen is mixed for now. Overall market sentiment is indecisive with stocks lacking follow through buying to the near
In this article RH Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company now sees annual sales down between 2% and 5%, compared with
PSNY stock was brought to the market officially last week when the SPAC deal with Gores Guggenheim (GGPI) was formerly completed. GGPI stockholders had been asked to vote on the deal on June 24, and the results were positive. Polestar was then listed via one of the few SPAC deals this year under the ticker
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RBC energy strategist on the state of the oil market. says the oil market is currently caught between “the strongest fundamental oil market set up in decades, maybe ever,” and a deteriorating macroeconomic backdrop threatening the outlook for demand. called for the price of North American benchmark West Texas Intermediate (WTI) (CL=F) crude to average
The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs. In a Wednesday announcement, the council said it had agreed on a partial position of a proposal to launch a dedicated Anti-Money Laundering Authority, or AMLA. According to
OPEC and OPEC+ begin a series of two-day meetings on Wednesday with sources saying chances of a big policy change look unlikely this month. At its last meeting in early June OPEC+ decided to speed up production cuts and to raise output each month by 648,000 barrels per day (bpd) in July and August, up
Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil
In this article BBBY A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond said Wednesday that it is replacing CEO Mark Tritton as part of a leadership shakeup as the retailer’s quarterly sales and earnings sharply missed Wall Street expectations. Shares
NZD/USD fades bounce off two-week low amid sluggish markets. RBNZ Chief Economist Conway justifies rate hikes as positive for NZ housing market fundamentals. Fears of economic slowdown join anxiety ahead of China’s PMIs, US Core PCE Price Index to exert downside pressure. NZD/USD struggles to defend the corrective pullback from a fortnight low during Thursday’s
There isn’t much in this that hasn’t already been said in previous posts: The SNB policy pivot remains a key change to the major currencies landscape in the past few weeks and that is continuing to see the swissie gain as the central bank lifts up the anchor that has been weighing on the currency.
New Delhi: Gold price in the national capital fell by Rs 176 to Rs 50,649 per 10 grams on Wednesday, reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,825 per 10 grams. Silver also fell by Rs 443 to Rs 59,725
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