Dow Jones, S&P 500, Nasdaq 100 Technical Analysis: Outlook Still Positive
The U.S. stock market dipped yesterday, but found support to reverse back to the upside; the market is still maintaining a generally bullish posture.
Goldman, Citi stave off investor calls for racial audits
BlackRock agrees to racial audit, following Facebook and Airbnb.
GBP Climbs on BoE thoughts, RiskOff mood boosts CHF
Rates as of 0500 GMT Market Recap The main action yesterday was in stocks, which evidently didnt like the idea of higher interest rates. Speaking at an event, US Treasury Secretary Yellen said, It may be that interest rates will have to rise somewhat to make sure that our economy doesnt overheat, even though the […]
Digitalization of money and finance: Advancing Bitcoin, Ethereum
The world is rapidly going digital, and Ethereum appears as similar a threat to old-guard finance as Bitcoin is to gold.
Euro Zone Business Growth Accelerated in April as Services Expanded PMI
LONDON, May 5 Reuters Euro zone business activity accelerated last month as the blocs dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed firms were facing soaring costs for raw materials. Europe is enduring a third wave of coronavirus infections, forcing some governments to […]
Sterling Steady as Outright Majority for Scottish Nationalists seen Unlikely
LONDON, May 5 Reuters Sterling was unchanged against the dollar on Wednesday morning as a poll showed Scotlands main proindependence party was unlikely to win an outright majority in Thursdays election, a blow to its hopes for a referendum on separating from Britain. The Scottish National Party SNP wants a majority in the devolved parliament […]
Euro Zone Bond Yields Edge Up as Equity Markets Calm
May 5 Reuters Euro zone bond yields edged up on Wednesday as equity markets recovered from a sudden slump a day earlier that had sent yields on the safehaven assets falling sharply. Stock markets fell 0.5 on Tuesday in a matter of minutes and further afterwards, leaving traders perplexed as to what was behind the […]
Dimon signals to Wall Street it’s time to return to the office
JPMorgan staff to come back on a rotating basis, with 50% cap. Bank executives have agitated for a return to offices.
Gold Prices Ease as Firmer Dollar Dampens SafeHaven Appeal
May 5 Reuters Gold prices edged lower on Wednesday as a stronger dollar and prospects of higher U.S. interest rates dampened the allure of the safehaven metal, while palladium held firm after scaling a record peak in the previous session. Spot gold was down 0.1 at 1,776.71 per ounce by 0711 GMT. U.S. gold futures […]
Getting your hands dirty with IBOR transition
The FCA (Financial Conduct Authority) announcement on LIBOR cessation timelines in early March has provided much needed clarity to the market.