Category: rises
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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SNDL stock rises on deal to buy Nova Cannabis (NASDAQ:SNDL)
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Wild Pixel Canadian Cannabis Player SNDL (NASDAQ:SNDL) has agreed to acquire the remaining minority stake in its subsidiary Nova Cannabis (OTCQB: NVACF) for a total consideration of approximately $40 million, the companies announced Tuesday. Under the terms, Calgary, Alberta-based SNDL (SNDL) will seek to: To buy approximately 34.8% of Nova…
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UK employers plan lowest pay rises in two years
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Employers in the UK are planning their lowest pay rises in two years, according to the latest survey from the Chartered Institute of Personnel and Development. Information from Reuters. UK employers plan to raise wages by just 3% next year Lowest planned increase in two years A significant drop from…
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Equities Rebound Loses Steam as Yen Rises Again: Markets Wrap
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(Bloomberg) — A rally in Japanese stocks lost steam after the yen resumed its rise, threatening a nascent recovery in global equity markets that’s been supported by signs of resilience in the U.S. labor market. Most Read from Bloomberg The Topix index’s gains narrowed to 0.6 percent from about 2…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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Global stocks fall and yen rises as volatility reigns By Reuters
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By Harry Robertson LONDON (Reuters) – European shares fell and U.S. stock futures fell on Thursday after choppy sessions in Asia and on Wall Street as investors struggled to find their footing in a turbulent week for markets. The yen and U.S. bonds rose as traders awaited weekly U.S. jobless…
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Insurer Manulife’s second-quarter profit rises on strong Asia growth By Reuters
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(Reuters) – Canada’s Manolive Financial Inc reported better-than-expected quarterly profit on Wednesday, helped by a 40 percent rise in earnings from Asia, a region the insurer is betting on for growth. The Asia business, which includes operations in 12 markets and more than 100 banking partnerships, is among the insurer’s…
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Japan chief cabinet secretary Hayashi says wage rises will spread in Japan
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Chief Cabinet Secretary Hayashi Wage increases likely to spread to part-time workers and small businesses by fall with strong Shunto results and minimum wage increases No comment on daily stock movements He says it is important for the government to make its decision calmly, when asked about the volatility of…
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Yen rises to 7-month highs as US slowdown fears spill over By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The Japanese yen hit its highest level against the dollar since January on Monday as markets continued to move in a week that began after weak U.S. employment data stoked recession fears and expectations of deeper interest rate cuts by the Federal Reserve. Friday’s…
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Navigate the Travel Rule as fraud, regulatory scrutiny rises
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Disclosure: The opinions and ideas expressed here belong solely to the author and do not represent the opinions and views of the crypto.news editorial board. Cryptocurrencies have seen a massive rise in adoption over the past few years. By late 2023, the number of cryptocurrency owners worldwide will reach 1.5…
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UK’s PMI rises to two-year high of 52.1 in July
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Joseph Clark The seasonally adjusted S&P Global Manufacturing Purchasing Managers’ Index (PMI) for the UK rose to a two-year high of 52.1 in July, up from 50.9 in June and the previous flash estimate of 51.8. Key findings include: Fastest output growth since February 2022; higher input price inflation to…
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Yen rises amid fragile sentiment ahead of BOJ, Fed decisions By Reuters
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By Kevin Buckland TOKYO (Reuters) – The yen edged up on Monday, reversing earlier declines, as sentiment remained fragile after the Japanese currency’s best weekly rise since late April following a sharp drop in U.S. technology stocks that sparked demand for safe-haven assets. Traders are now awaiting policy decisions by…
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Ethereum Open Interest Rises By $1.5 Billion, What This Means?
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…
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Wall Street rises as small caps advance, megacaps recover ground By Reuters
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By Lisa Pauline Matakal and David French (Reuters) – Wall Street’s main indexes rose on Thursday, a day after a sell-off led by technology stocks, as small-cap stocks and stronger-than-expected gross domestic product data provided support. Small-cap stocks rose 2.3%, on track to fully recoup Wednesday’s big losses. The Dow…
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Apple rises as Baird bumps price target on AI opportunity (AAPL)
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unforgetable apple (NASDAQ:AAPLApple shares rose on Thursday after investment firm Baird raised its price target on the tech giant, citing an opportunity to boost iPhone sales due to an artificial intelligence initiative known as Apple Intelligence. We estimate that approximately 95% of “The iPhones globally, even with an initial focus…
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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
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Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Daily FX Market Review: Pressure Mounts on Bank of Japan as Yen Rises for Second Day
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the Japanese Yen The pound rose for a second day in a row against the US dollar, supported by comments from a senior Japanese politician. Bank of Japan (BOJ) conducts Urged by Toshimitsu Motegia senior official in Japan’s ruling party, to more clearly indicate his intention. Monetary policy normalization. Normalization…
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Yen rises as traders look to BOJ, while dollar holds steady By Reuters
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By Harry Robertson and Ray Wee LONDON/SINGAPORE (Reuters) – The yen rose on Tuesday as investors reacted to comments from a senior Japanese politician that added to pressure on the Bank of Japan to keep raising interest rates to shore up the currency. Meanwhile, the dollar rose slightly as traders…