Category: Markets
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It’s finally Joever | Forexlive
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Amnesty International Image The decision had been coming for a few weeks already, and Biden has now made it official. There was a sense that he could have stayed in office until the Democratic National Convention in August. But unfortunately, a sense of realism finally took hold of Biden and…
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Airbus looking at opportunities to create scale in space, satellites By Reuters
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LONDON (Reuters) – Airbus is looking for opportunities to grow its business in the defence, space and satellite markets in particular, Chief Executive Guillaume Faury said on Sunday. Airbus and France’s Thales are considering cooperating on some space activities as new competition disrupts the sector, industry sources said last week.…
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Boeing exec says planemaker has settled on design for MAX 7 icing issue By Reuters
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By David Shepardson LONDON (Reuters) – Boeing Co has settled on a design to address an engine anti-icing system that has caused a significant delay in the certification of the 737 MAX 7, the chief executive of the planemaker’s commercial airplanes division said, suggesting the fix could be completed by…
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Wait-and-see ECB boosts euro comeback as King Dollar’s crown slips By Reuters
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By Naomi Rovnick and Dara Ranasinghe LONDON (Reuters) – Traders kept the euro on track for a strong comeback on Thursday as the European Central Bank’s dovish stance after a second interest rate cut in September took concerns about French policy off the currency’s path. As global markets brace for…
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Premium Forex Watch Recaps: July 16 – 17, 2024
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This week, the calendar gave us employment and inflation data updates to work through, prompting our strategists to focus on the NZD and AUD this time around. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments.…
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Weekly Market Outlook (22-26 July)
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Upcoming Events: Monday:PBoC LPR. Wednesday:Spot PMIs for Japan/Australia/Eurozone/UK/US, Bank of Canada monetary policy decision. ThursdayUS durable goods orders, US jobless claims, US Q2 GDP advance. FridayTokyo Consumer Price Index, US Personal Spending Index. Monday The People’s Bank of China is expected to keep the benchmark mortgage rate unchanged at 3.45%…
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First to hike, last to cut? BoE caution cossets pound: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in financial markets, but for…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Asian foreign reserves decline in 2024 first half By Reuters
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Written by Bhaturaja Murugabhupathi and Gaurav Dogra (Reuters) – Asia’s foreign exchange reserves have fallen this year as central banks intervene to support their currencies, with Japan, Indonesia and South Korea leading the declines. Foreign reserves in 12 countries, from Japan to India, fell by about $50 billion to $7.5…
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Upgrades for Apple and Shopify; downgrade for Doximity By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! apple What happened? On Monday, Loop Capital upgraded Apple (NASDAQ:) stock to Buy with a $300 price target. What is the…
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Dollar climbs for the week, cyber outage unsettles investors By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday and was on track to end a two-week losing streak as investors fretted over a global computer outage that has hit banks, airlines and broadcasters, although volatility in currency markets was largely contained. A software update by global…
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Kraken Institutional Debuts Custody Services in UK, Australia Crypto Markets
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Kraken Institutional, the specialized division serving institutional investors of US cryptocurrency exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This step represents its first project after its first launch earlier this year. Kraken Custody Expansion According to the official press releaseInstitutional clients…
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Boeing expects 787 suppliers to catch up by year’s end, restoring output By Reuters
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Written by Alison Lambert (Reuters) – Boeing Co expects delayed suppliers to make up for parts that have slowed production of its 787 jetliner to less than five a month, as the U.S. planemaker works to restore production of two key commercial programs by the end of the year. Boeing…
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U.S. court rules against Booking.com in Ryanair screen-scraping case By Reuters
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DUBLIN (Reuters) – A U.S. court has ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair’s website without permission, court documents showed. The Irish airline, Europe’s largest by passenger numbers, said the ruling would help end unauthorised manipulation of passenger data by booking sites.…
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Canada May retail sales -0.8% vs -0.6% expected
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Previously +0.7% (revised to +0.6%) Previous cars -1.3% vs. -0.5% expected Previous excluding autos +1.8% (revised to +1.7%) Excluding autos and gasoline -1.4% vs. +1.4% previously The largest decline in sales was at food and beverage retailers (-1.9%). Sales also fell in May at building materials, garden equipment and supplies…
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US to take ‘hard look’ at fighter project, top official says By Reuters
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By Tim Heffer FAIRFORD, England (Reuters) – The United States will closely examine its plans for the Next Generation Air Dominance platform – a future family of fighter jets and drones – before deciding whether to go ahead, U.S. Air Force Secretary Frank Kendall said on Saturday. The cost of…
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Canada industrial product prices for June 0.0% vs 0.2% expected
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Previous CPI rates were revised 0.0% to 0.2%. IPPI Rates 0.0% vs. 0.2% Expected IPPI rates are 2.8% annual. Raw Materials Price Index -1.4% vs. -0.7% expected. Previous month -1.5% The wholesale price index rose 7.5% year-on-year for the fourth consecutive year. The rule implemented the annual increase level as…
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US FAA probes latest Southwest Airlines flight that posed safety issues By Reuters
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By David Shepardson The U.S. Federal Aviation Administration said Saturday it was investigating a Southwest Airlines plane that crashed after flying too low over Tampa Bay, Florida, the latest in a series of incidents that have raised safety questions. The Southwest Boeing 737 Max, which departed from Columbus, Ohio, on…