The Australian Dollar appears at risk of a reasonable decline in the week ahead against the US Dollar. However, bullish technical suggest further gains against the Japanese Yen may be at hand.
Cash on the balance sheet of S&P 500 companies is at an all-time high at around $2.7 trillion.
Gold is set to close out April higher, breaking a 3-month losing streak. Prices may aim for channel resistance if XAU/USD breaks above its 100-day SMA.
The oil price is ready for further growth, and this year it might consolidate in the area of 7075, not ruling out bounces up to 85. The rally in early November overheated the price by March, which turned out to be a natural correction from the peak levels of the previous month. The price corrected […]
MILAN, April 30 Reuters Italian energy group Eni said it was planning to sell or list a minority stake in its new retail and renewable energy business as it reported a jump in profits in the first quarter. In a statement on Friday, it said it was planning to list or sell a minority stake […]
Chinese electric car startup Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in March at a Japanese chip factory owned by Renesas has exacerbated an existing shortfall in semiconductors that has forced major automakers to cut production. Without naming the factory, Nios Chairman […]
Germanys GDP fell by 1.7 in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3. This is in clear contrast to the USA, where the economy is already 0.4 above prepandemic levels. Germany, and the eurozone as a whole, has suffered repeated lockdowns due to the third wave […]
An unheralded corner of Londons property market is suggesting the capital has lost a big portion of its young professionals and lowerpaid workers since the start of the pandemic. Those trends help explain why rents have been falling for whole homes in London, one of the elements that may hold back the capital from enjoying […]
Chinas factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Managers Index PMI fell to 51.1 in April from 51.9 in March, data from the national Bureau of Statistics NBS showed on Friday. It […]
MADRID, April 30 Reuters Spanish green energy group Ecoener said on Friday demand had been limited for its initial public offering and said it had agreed to sell its shares at the low end of a targeted range. In the first test of investor appetite for fresh shares in Madrid this year and a precursor […]