FTSE 100 Technical Analysis: Watching the Turn Lower from Resistance
The FTSE took out resistance this morning but is currently failing; a daily reversal could set the stage for weakness in the days ahead.
Nasdaq Technical Outlook: NDX Fed Rally Faces Downtrend Resistance
Nasdaq surged nearly 15% off the lows with the rally now challenging the first real test of downtrend resistance. The levels that matter on the NDX technical charts.
Guaranteed Repo: Innovation In The Repo Markets
Inside this report, we introduce the benefits of Guaranteed Repo, our partners, Sunthay and Euroclear, and how it affords market participants the opportunity to realize enhanced returns, increased financing opportunities and reduced costs.
Dollar Hits 3Week Low to Yen as Feds Powell Less Hawkish than Feared
TOKYO, July 28 Reuters The dollar dropped to a threeweek low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors39; worries about continued aggressive monetary tightening. The U.S. currency sank as low as 135.105 yen , its weakest since July 6 after the Fed raised the benchmark rate by an asexpected […]
Upbeat Earnings, Fed Comments Lift European Shares to 7Week High
July 28 Reuters European shares hit a sevenweek high on Thursday as some concerns were eased about the pace of rate hikes by the U.S. Federal Reserve going forward, while a clutch of strong results including a quarterly profit for Shell, bolstered buying. The Fed hiked the main interest rate by 75 basis points as […]
JPY Up, USD Down, Fed shifts to datadependent rate Hikes
Rates as of 0500 GMT Market Recap The Feds rate decision yesterday to hike by 75 bps was in line with market expectations and with what various members of the ratesetting Federal Open Market Committee FOMC had suggested before the meeting. This is right in the range of what the FOMC thinks is neutral, according […]
Teva sees Return to Growth on Opioid Settlement, Shares Jump
JERUSALEM, July 27 Reuters Teva Pharmaceutical Industries on Wednesday forecast midsingle digit revenue growth over the next five years as it strives to move on from its high debt and an overhang from thousands of lawsuits over its alleged role in the U.S. opioid crisis. Israelbased Teva, the world39;s largest generic drugmaker, for the past five […]
SpiceJet Hits 2Y Low on Aviation Regulator Halves Capacity
BENGALURU, July 28 Reuters Shares of India39;s SpiceJet fell as much as 9.3 on Thursday, a day after the country39;s aviation regulator ordered the budget carrier to slash its approved fleet to 50 this summer for eight weeks, citing multiple safety snags. The Director General of Civil Aviation DGCA also said on Wednesday that the domestic […]
Britains Centrica Restores Dividend as Profits Soar
LONDON, July 28 Reuters Britain39;s largest energy supplier Centrica on Thursday reported a huge increase in firsthalf profit, boosted by asset sales and soaring energy prices, enabling it to restore its dividend. The British Gas owner paused dividends in 2020 and began major cost cutting, selling upstream assets and seeking to reinvent itself as an energy […]
Shell Smashes Record again with 11.5 Billion Profit
Shell announced 6 bln buyback programme Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 Reuters Shell on Thursday reported a second quarter profit of 11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also […]