Category: weak
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France’s political chaos signals weak government and lower global profile
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France appears to be heading toward political instability after a surprise victory by a left-wing coalition in legislative elections on Sunday, leaving no party able to claim the majority needed to govern. The New Popular Front party — which includes the Socialists and the far-left La France Insoumise — is…
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Weak shekel makes rate cut unlikely next week
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The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
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UK election-winner Starmer inherits weak economy with ‘no magic wand’ By Reuters
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By William Schomberg LONDON (Reuters) – Britain’s incoming prime minister, Keir Starmer, has spent his election campaign accusing Rishi Sunak’s Conservative Party of “14 years of economic failure” but has no clear quick fix to pull the country out of its slow growth rut. Living standards have stagnated since the…
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Weak U.S. Jobs Reports Extended The Dollar’s Losses On Wednesday
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The United States released a batch of economic data on Wednesday that could give markets clues to the outcome of Friday’s U.S. nonfarm payrolls report: the Challenger Report The data showed that U.S. employers announced 48,786 job cuts in June, down 23.6% from May but still 19.8% higher than June…
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Chinese yuan softens, USDCNY at 7-mth high on weak fix, trade jitters By Investing.com
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Investing.com — The Chinese yuan fell on Tuesday, with the key USD/CHN yuan pair hitting a seven-month high after a weak mid-term reform by the People’s Bank of China, while concerns about the trade war with the West were also present. The yuan pair, which measures the number of yuan…
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Asia FX weak amid dollar strength; yen on intervention watch By Investing.com
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Investing.com — Asian currencies were mostly fragile on Monday, with the dollar holding near two-month highs, while a weak Japanese yen sparked caution about potential intervention measures by Tokyo. Sentiment towards regional markets also declined due to fears of a trade war between China and the European Union, after Chinese…
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FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters
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Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…
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Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
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Salesforce plummets on weak Q1 sales, forecast (NYSE:CRM)
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Analysts sees upside for EUR/GBP amid weak UK retail sales By Investing.com
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Analysts at ING said that the currency pair appears undervalued, after UK retail sales data came in below expectations. The report released today showed a 2.7% year-on-year decline in core retail sales for April, with the underlying figure, excluding motor fuels, down 2.0%. Furthermore, March sales data was revised downward.…
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Japan’s exports pick up on weak yen but business mood stalls By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports rose for a fifth straight month in April, supported by a weak yen, but shipment volumes struggled as growth was affected by weak demand, government data showed on Wednesday. The trade data clouds policymakers’ hopes that exports will offset weak domestic consumption.…
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Hedge funds play a weak Japanese yen By Reuters
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Written by Neil McKenzie LONDON (Reuters) – Pressure on Japan to support a weak yen may have eased, but the currency’s weakness remains a headache for Tokyo. The yen has fallen 9.4% against the dollar so far this year, and appears poised for a fourth year of declines. This has…
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Sony shares rally 10% as $1.6 bln buyback offsets weak earnings By Investing.com
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Investing.com — Japanese stocks of electronics group Sony Shares of Corp (TYO:) rose sharply on Wednesday after it announced a massive stock buyback and stock split, offsetting weak annual earnings and middling guidance. Sony shares jumped 10% to 13,170.0 yen, the highest level in nearly two months. The stock was…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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SolarEdge dips after another weak quarter
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It was another weak first quarter for solar solutions company SolarEdge Technologies (Nasdaq: SEDG), and the company’s Q2 guidance suggests a recovery isn’t anytime soon. A sign of this appeared two weeks ago, when competitor Enphase Energy (Nasdaq: ENPH) released financial statements indicating that a recovery in the market was…
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Asia FX weak with US inflation in sight; China tariff fears dent yuan By Investing.com
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Investing.com — Most Asian currencies were modestly lower on Friday as the dollar stabilized from overnight declines, with focus shifting squarely towards key US inflation data due next week, which is likely to provide further signals on interest rates. The Chinese yuan fell, as did currencies with trade exposure to…
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BOJ will scrutinise weak yen in guiding monetary policy, says Governor Ueda By Reuters
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US stock futures rise as weak payrolls put rate cuts back on the menu By Investing.com
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Investing.com — U.S. stock index futures rose in afternoon trade on Sunday, following a strong session on Wall Street after weaker-than-expected labor data increased investors’ bets on a September interest rate cut. Some strong earnings also boosted sentiment, especially those from iPhone maker Apple, which reported a smaller-than-expected decline in…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…