Category: Markets
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updates from Apple’s live event By Investing.com
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Apple’s (NASDAQ:NASDAQ:) long-awaited iPhone 16 launch event has begun with several new products already announced. The event in Cupertino is set to see the unveiling of the iPhone 16 lineup, with the company expected to launch the iPhone 16 and 16 Pro, Apple Watch Series 10, AirPods 4, and more.…
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BofA: What we expect from this week’s ECB meeting
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Bank of America expects the European Central Bank to implement a 25 basis point cut in its deposit rate at its September meeting, with a modest negative impact on the euro due to the unchanged guidance and weaker growth outlook. Key points: Interest rate cut expectations: Deposit rate: It is…
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Starboard proposes that News Corp eliminates dual-class shares By Reuters
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(Reuters) – Hedge fund Starboard Value confirmed on Monday it has filed a request with shareholders to scrap the dual shareholding structure that allows Rupert Murdoch to control News Corp (NASDAQ: ), publisher of The Wall Street Journal. Starboard announced its move just days after Reuters exclusively reported that it…
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New York Fed: 1 year inflation expectations unchanged at 3.0%.3-year up to 2.5% from 2.3%
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Genus reports progress amid market challenges, eyes FDA approval By Investing.com
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Genus PLC (GNS), a leading animal genetics company, reported its preliminary results for the fiscal year ended June 30, 2024, showcasing resilience and strategic advancements despite challenging trading conditions. CEO Jorgen Kokke highlighted the company’s progress in key areas such as the commercialization of its Porcine Reproductive and Respiratory Syndrome…
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5 Questions to Ask When You’re In A Trading Slump
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In Forex trading, the initial goal is simple: trade for another day. Opening an account and putting real money into it is the easy part. The challenge is staying afloat long enough to gain the skills needed to consistently make money. So how do you know you’re on the right…
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A lighter US economic calendar is a chance to focus on China woes
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Xi Jinping The Federal Reserve is entering a blackout period even after the FOMC decision, and the US economic calendar is light today, with only wholesale inventories and employment trends. This will give the market a chance to catch its breath after a hectic week at the start of the…
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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USDCAD Technical Analysis – A better than feared NFP boosted the USD
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Basic Overview The US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the previous month. This helped the US dollar erase…
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Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings By Reuters
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Big Lots Inc., a U.S. discount home goods retailer, said Monday it has secured $707.5 million to shore up its operations and sold its business to private equity firm Nexus Capital as it begins Chapter 11 bankruptcy proceedings. Big Lots listed its assets and liabilities in the range of $1…
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European markets rebound from last week’s fall
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da-kuk/E+ via Getty Images London (UKX) +0.64% Germany (DAX:IND) +0.51% France (CAC:IND) +0.41% The unemployment rate in the Czech Republic was 3.8% in August. Denmark’s current account surplus narrowed to DKK 35.3 billion in July. Denmark’s goods and services trade surplus rose to DKK 32.7 billion after seasonally adjusted adjustment…
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USDJPY Technical Analysis – The NFP report keeps the market guessing
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Basic Overview The USD/JPY pair eventually fell to its lowest level in August after a series of weak US data pushed Treasury yields lower, giving the yen a morale boost. Friday’s nonfarm payrolls report wasn’t bad, on the contrary, the data was better than the previous month. However, the labor…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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RoboMarkets Adjusts its European Business Model, Aiming to Lead in Stock Brokerage
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RoboMarkets Group has announced strategic changes to its European business model, which are scheduled to be implemented by the end of 2024. In a press release, the group said: “Given the European market conditions, we have decided to focus our European operations and expertise to primarily serve equity investors and…
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RoboMarkets Adjusts its European Business Model, Aiming to Lead in Stock Brokerage
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RoboMarkets Group has announced strategic changes to its European business model, which are scheduled to be implemented by the end of 2024. In a press release, the group said: “Given the European market conditions, we have decided to focus our European operations and expertise to primarily serve equity investors and…
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention By Reuters
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HONG KONG (Reuters) – Shares of small investment bank China Renaissance plunged as much as 72 percent to an all-time low on Monday when it resumed trading 17 months after being suspended during an investigation into then-chairman and chief executive Bao Fan. Trading was suspended on April 3, 2023, due…
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention By Reuters
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HONG KONG (Reuters) – Shares of small investment bank China Renaissance plunged as much as 72 percent to an all-time low on Monday when it resumed trading 17 months after being suspended during an investigation into then-chairman and chief executive Bao Fan. Trading was suspended on April 3, 2023, due…
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ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…