Category: Markets
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What are the main events to look out for today?
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Today the market will mostly focus on the US PPI numbers although we will also get the latest report from the US NFIB and hear from Fed Chairman Powell. YoY core US PPI is expected at 2.4% vs. 2.4% previously, while core PPI is expected at 0.2% vs. 0.2% previously.…
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European stocks mostly lower; ranges limited ahead of US inflation release By Investing.com
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Investing.com – European stock markets fell largely on Tuesday, as investors digested more corporate earnings ahead of the latest US inflation reports. At 03:15 EST (07:15 GMT), Germany’s stock index fell 0.1% and France’s index fell 0.1%, while the UK index rose 0.1%. Inflation in the United States to reduce…
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Exclusive: Equiti Names Husam Al Kurdi Cyprus as Managing Director
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Equiti Global Markets, the Cyprus arm, has appointed Hossam Al-Kordi to the position of Managing Director. Al Kurdi served as CEO of SquaredFinancial EU for more than three years until his promotion to Executive Vice President of SquaredFinancial Group in 2021. Experienced industry manager According to his LinkedIn profile, Al-Kurdi…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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From a melt-up to a sell-off, the next 2 weeks will determine the stock market’s direction for the summer
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Getty Images/Brian R. Smith The next two weeks’ data will likely determine the direction of the stock market this summer, according to UBS. The upcoming release of April’s CPI report and Nvidia’s earnings report next week are critical, the bank said. “Inflation data and NVIDIA’s above-expected earnings could set the…
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Daily Broad Market Recap – May 13, 2024
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Markets were off to a bit of a slow start on Monday, before volatility increased and led to a mixed race for asset classes. Crude oil has rebounded from the initial slump while gold and Treasury yields have fallen. What’s up with that?! Titles: BusinessNZ Services Index April: 47.1 (previously…
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US PPI due on Tuesday – Here are the ranges of estimates (& why they’re crucial to know).
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Ahead of the long-awaited CPI data on Wednesday, inflation data will be released at the “wholesale” level, the Producer Price Index. Scheduled at 0830 EST, 1230 GMT: Yes, if you have a keen eye, you’ll see Powell speaking a little later. Return of the producer price index. For the year-on-year…
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Lidar maker Hesai sues US government, denies alleged link to China’s military By Reuters
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SAN FRANCISCO (Reuters) – China-based Hisai Group filed a lawsuit against the U.S. government on Monday to add the maker of lidar light sensors to a list of companies allegedly working with the Chinese military. Hesai, whose sensors help self-driving cars and driver assistance systems obtain a 3D map of…
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Don’t Fall Prey to Crypto “Money Mule” Scams
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Leatt reported a 19% decrease in total global revenue By Investing.com
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Leatt Corporation (TICKER: LEAT), known for its protective gear in the cycling and motorcycle industry, reported a mixed first quarter for 2024, with a 19% decrease in total global revenues compared to the same period last year. The company witnessed a decline in sales to global distributors but saw an…
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Binance Recognized in Kazakhstan with ISO Certifications
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Forexlive Americas FX news wrap 13 May: Oh No Roaring Kitty returns and dominates chatter
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As the New York session came to a close to start the new trading week, the markets were highlighted by the first tweets in 3 years from meme king Roaring Kitty. His tweets sent Gamestop shares soaring 74.40% to $30.45 (from $17.46 at Friday’s close). AMC shares also rose sharply…
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Ibotta stock rises as Goldman Sachs, Citi assume coverage By Investing.com
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Goldman Sachs analysts initiated coverage of Ibotta (IBTA) with a Neutral rating and a 12-month price target of $103, saying they see the stock “positively benefiting from a number of long-term secular growth themes within our sector in both countries.” Digital and grocery advertising. “In the current market environment, we…
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Prop Trading: True Forex Funds Shuts Down
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True Forex Funds has ended operations and announced plans to permanently close due to financial insolvency. According to a statement on the official website of the private trading platform, the company was unable to improve its financial situation, which led to the cessation of its services. End of the road:…
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Crude oil futures settle at $79.12
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Crude oil futures settled at $79.12. This comes out to $0.86 or 1.1%. Crude oil is trading above and below the 100-day moving average Today, the high price reached $79.46. The low price was $77.81. The commodity’s 100-day moving average is $78.38. The price traded above and below the moving…
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Black Rifle Coffee outlines strong Q1 growth, partners with Keurig By Investing.com
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Black Rifle Coffee Company (BRCC) has reported a robust financial performance in the first quarter of 2024, with net revenue climbing 18% from the previous year. This growth was largely fueled by a 51% surge in the wholesale business. The company achieved record margins, profitability, and cash flow, and announced…
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The E-CNY: China’s Digital Dilemna
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China, the land where cash was once king, is moving toward a digital future. At the forefront of this revolution is China’s e-yuan, the country’s bold attempt to create a central bank digital currency (CBDC). But unlike the seamless experience promised by its sleek app, the e-CNY ride was more…
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Flux Power navigates market headwinds, eyes growth By Investing.com
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Flux Power Holdings (FLUX) reported a challenging third quarter for the fiscal year 2024, with revenues declining to $14.5 million from $15.1 million in the same quarter of the previous year. The company faced delays in new orders, primarily due to revised forklift delivery schedules and the broader impact of…
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South Korea Adopts Crypto Staking as Competition Intensifies among Exchanges: Report
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