New Zealand Dollar Forecast: NZD/USD Launches Higher on Stellar Q1 Jobs Report
NZD/USD shifted higher following an upbeat Q1 jobs report that showed New Zealand unemployment falling faster than expected.
Japanese Yen Forecast: USD/JPY Feast or Famine? Bulls Eye Resistance
USD/JPY ripped back into Fibonacci resistance with the May opening-range taking shape just below. These are the levels that matter on the weekly technical chart.
Brazil Manufacturing PMI Falls to 10Month Low in April
BRASILIA, May 3 Reuters Growth in Brazils manufacturing sector decelerated in March to its slowest rate since June last year, a survey of purchasing managers activity showed on Monday, and prices charged to customers rose towards their recent historic highs. While a brutal second wave of the COVID19 pandemic weighed on overall activity, employment rose […]
Canadian Factory Activity Holds near RecordSetting Pace
TORONTO, May 3 Reuters Canadian manufacturing activity grew for the 10th straight month in April as production and new orders climbed, with the pace easing only slightly from the previous months record level, data showed on Monday. The IHS Markit Canada Manufacturing Purchasing Managers index PMI dipped to a seasonally adjusted 57.2 in April from […]
Saudi Aramco Beats Estimates with 30 Hike in Q1 Profit
Oil giant Saudi Aramco reported a 30 jump in net income Tuesday, in a sign of a continued recovery from the previous years oil market crash that saw fullyear earnings for the state firm slashed in half. In a release published Tuesday, the company said net income rose to 21.7 billion in the first three […]
Rising Threats and Russia on Agenda as G7 Meet in London
Foreign ministers from the Group of Seven G7 developed nations are to meet in London on Tuesday to discuss the most pressing geopolitical challenges facing the world, including Russia and China. The U.K. is hosting G7 foreign and development ministers in the first facetoface meetings since the coronavirus pandemic began, and the first gathering of […]
Chinas 51job Receives Revised Offer of over 5 Billion
Reuters 51job Inc said on Tuesday it had received a revised takeover proposal valued at more than 5 billion from private equity firms DCP Services, Ocean Link Partners and the Chinese recruitment firms cofounder and chief, Rick Yan. DCP, which made the original bid in September, has roped in the two other investors and sent […]
Rotation out of Megacaps Set to Weigh on Nasdaq at Open
May 4 Reuters The Nasdaq index was set to open lower on Tuesday as investors continued to move out of megacap growth stocks and into companies that are expected to benefit from the reopening of economies. Highly valued technology companies including Microsoft Corp , Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between […]
Banks face growing pressure to phase out fossil-fuel lending
Investors managing $11 trillion have called on the world’s biggest banks to phase out financing of fossil-fuel companies.
Oil Pushes Higher as U.S., Europe ease COVID Restrictions
Oil futures rose Tuesday, finding support as traders turned their attention to easing COVID19 restrictions in the U.S. and Europe, which look to help boost energy demand. In the U.S., demand is surging, and combined with plans to ease U.K. restrictions on air travel, those developments are offsetting concerns about demand destruction in India and […]