US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY
The US Dollar is holding at a big zone of resistance, but buyers haven’t been able to breakout yet even on the heels of Yellen’s overheating comment.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Apr 16, 2021 when FTSE 100 traded near 7,022.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Securitas Profit Rises as Pandemic Stymies Sales Growth
STOCKHOLM, May 5 Reuters Security services company Securitas reported on Wednesday a slightly smaller rise than expected in firstquarter profit as the slump in demand for airport security due to the COVID19 pandemic held back group sales. Operating profit at the Swedish provider of guard services, alarm surveillance and airport security rose 8 from a […]
U.S. Oil Prices Rise Toward Highest Finish in 2 Years on Reopening Euphoria, Drop in Supplies
Oil futures rose for a third straight day Wednesday, with U.S. prices on track to score their highest finish in over two years, buoyed by expectations for higher demand as the European and U.S. economies reopen and the biggest weekly drop in U.S. crude supplies since January. Stronger refinery runs and hefty exports have resulted […]
Thai CB Holds Policy Rate at Record Low 0.50, as Expected
BANGKOK, May 5 Reuters Following is Wednesdays statement from Thailands central bank after it left the benchmark oneday repurchase rate unchanged at a record low of 0.50, as expected, warning of a third coronavirus wave risk. All 14 economists in a Reuters poll had expected the Bank of Thailand BOT to remain on hold after […]
Euro zone Producer Prices Accelerate in March
BRUSSELS, May 5 Reuters Euro zone producer prices accelerated in line with expectations in March, driven by increases for energy and intermediate goods, data showed on Wednesday, reinforcing forecasts of higher consumer inflation in the coming months. European Union statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose […]
Spain Expects 69.5 bln Euros from EU Rescue Funds in next Three Years
MADRID, May 5 Reuters Spain expects to receive 69.5 billion euros 83.46 billionfrom European Union rescue funds in the next three years, Economy Minister Nadia Calvino said on Wednesday in a news conference to explain how the funds will be used. That is around half of the total 140 billion euros package allocated to Spain. […]
Software Firm SUSE seeks Valuation of nearly 7B in IPO
BERLIN Reuters Enterprise software company SUSE set the price range for its initial public offering in Frankfurt at 29 to 34 euros per share on Wednesday, implying a market capitalisation of between 4.9 and 5.7 billion euros 5.96.9 billion. SUSE, whose opensource software helps run applications on cloud servers, mainframe computers and devices at the […]
Gold Climbs after Yellen Walks Back Talk of Rate Hike
Gold prices climbed Wednesday, a day after the commodity finished lower on the back of comments from U.S. Treasury Secretary Janet Yellen, which were viewed as bearish for precious metals. Yellen, formerly head of the Federal Reserve, initially suggested in an interview published Wednesday that the Fed may need to raise interest rates to rise […]
India C.Bank Gives Small Borrowers Debt Relief as COVID19 Cases Spike
Indias central bank unveiled fresh measures on Wednesday to help lenders tide over mounting bad loans and give some borrowers more time to repay their debts, as surging COVID19 infections trigger strict lockdowns in several states. The announcement by Reserve Bank of India Governor Shaktikanta Das came as the health ministry reported a record number […]