Commodity Currencies Up, safehavens Down; EU GDP

Rates as of 0500 GMT Im now using the Citi nominal tradeweighted indices, which measure currency performance against a basket of trading partners currencies with export, import, and thirdmarket competitiveness weights. They measure each currencys performance against the currencies of 11 advanced economies. Market Recap A classic riskon day in the FX markets, with the […]
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BBVAs Profit Returns to PrePandemic Levels

MADRID, April 30 Reuters BBVAs profit returned to prepandemic levels in the first quarter after the Spanish bank did not set aside any specific COVID19 provisions but lending income remained under pressure. The groups net profit came in at 1.21 billion euros 1.47 billion in the first quarter compared with a loss in the same […]
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Amazons Sales Surge 44 as it Smashes Earnings Expectations

Amazon shares climbed more than 3 in extended trading Thursday after the company released its firstquarter earnings, beating Wall Streets expectations for earnings and revenue. Heres how the ecommerce giant fared, relative to analyst estimates compiled by Refinitiv Earnings 15.79 per share vs. 9.54 per share expected Revenue 108.52 billion vs. 104.47 billion expected Few […]
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Earnings Support European Stocks ahead of GDP Data

April 30 Reuters European stocks inched higher on Friday, as strong corporate earnings lifted investor spirits ahead of the release of euro zone economic growth data for the first quarter. The panEuropean STOXX 600 index was up 0.2 by 0720 GMT. The benchmark hovered below its alltime high and was on course to end April […]
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China Stocks Fall after Soft Data; Hong Kong Down

SHANGHAI, April 30 Reuters China stocks slipped on Friday, after the countrys factory activity growth slowed in April, with Shanghai shares set for weekly decline on worries over policy tightening and SinoU.S. tensions. The CSI300 index fell 0.3 to 5,150.71 by the end of the morning session, while the Shanghai Composite Index lost 0.5 to […]
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Japan Stocks Fall on Disappointing Earnings, Virus Worries

TOKYO, April 30 Reuters Japanese shares fell on Friday as lacklustre earnings reports and profit forecasts from technology firms, and a spike in domestic infections of the novel coronavirus weighed on investor sentiment. The Nikkei 225 Index was down 0.46 at 28,920.24, as of 0200 GMT, while the broader Topix edged 0.07 lower to 1,907.67. […]
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