Coinbase insiders and early investors sold about 5 billion in shares in total during the leading cryptocurrency exchanges first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and Exchange Commission SEC. CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging […]

Rates as of 0500 GMT Market Recap GBP bounced back on Friday. GBPs movements once again seem to be the counterpart to EUR that is, people buying or selling EUR are doing it vs GBP rather than USD. You can see how closely GBPUSD and EURGBP moved on Friday and today. As for why people […]

European stocks inched higher on Monday, extending their recordsetting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID19 cases globally. The panEuropean STOXX 600 index rose 0.1 after marking its seventh straight week of gains on Friday, while an index of euro zone shares rose 0.1 to […]

SYDNEY, April 19 Reuters The Australian and New Zealand dollars started the week slightly lower on Monday, tracking losses in oil and copper as COVID19 infections rise globally, and in spite of bullish sentiment in broader Asian equities markets. The resourcesensitive Australian dollar recovered to stand around flat at 0.7735 at midday, reversing morning losses […]

Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From CocaCola and IBM to Johnson Johnson and Netflix, investors will hear from a broad swath of corporate America. So far, with one week in, […]

Gold futures contracts were under pressure Monday, easing back after posting their biggest weekly climb since December. Gold is looking for direction at present, said Jeff Wright, chief investment officer at Wolfpack Capital, with no one strong moverinfluencing or driving prices. The short covering from last week is over for now and gold is seeking […]

Reuters Automation tech startup UiPath on Monday boosted the price range for its initial public offering IPO in New York, and is now targeting a valuation of nearly 28 billion, setting the stage for yet another highprofile tech listing this year. UiPaths planned debut comes amid a flurry of major tech listings from the Silicon […]

LONDON, April 19 Reuters The pound rose to hit a twoweek high against the dollar on Monday at the start of a dataheavy week that is expected to provide more evidence that Britains economy is rebounding from its deepest recession in 300 years. The pound had a strong first quarter, supported by dwindling expectations of […]

LONDON, April 19 Reuters Euro zone government bond yields were broadly steady on Monday, with markets largely on hold ahead of this weeks European Central Bank meeting. New supply, estimated at over 30 billion euros 36 billion this week and above the average for the year so far according to Commerzbank, could put some upward […]

LONDON, April 19 Reuters The dollar traded just above a onemonth low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary. The dollar was also held down by improved risk sentiment amid […]