Dow Jones, S&P 500 Forecast: Prices at Risk as Retail Traders Go Long Once More
The Dow Jones and S&P 500 may be at risk as retail traders begin to increasingly boost their upside exposure. What are key levels to watch ahead?
Deutsche bank, Rabobank Hit with EU Antitrust Charge over Bond Cartel
BRUSSELS, Dec 6 Reuters Deutsche Bank and Rabobank RABO.UL were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against a sector which has racked up millions of euros in fines for various competition violations. The European Commission, which can fine companies up to 10 of their […]
RBA Raises Rates to 10Year High, Says more Needed
SYDNEY, Dec 6 Reuters Australia39;s central bank on Tuesday raised interest rates to a 10year high and stuck with its projection that more hikes are needed to cool inflation, a stance taken as slightly hawkish by markets that were looking for signs of a pause in the near term. Wrapping up its last policy meeting […]
UK Grocery Inflation Falls for First Time in 21 mth Kantar
LONDON, Dec 6 Reuters British grocery inflation edged lower in November, a first decline in nearly two years, but remained near record highs, providing little relief for consumers ahead of the key Christmas trading period, industry data showed on Tuesday. Market researcher Kantar said grocery inflation in the four weeks to Nov. 27 was 14.6, […]
How Bloomberg is applying its data expertise to ESG
As the world strives to rebalance the status quo of its climate, power distribution, and social equality dynamics, it continues to pivot towards ESG.
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Nov 22, 2022 when US 500 traded near 4,003.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
Oil Prices Fall on Higher U.S. Dollar, Economic Fears
LONDON, Dec 6 Reuters Oil prices fell in a volatile market on Tuesday, as a stronger U.S. dollar and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and prospects of a demand boost in China. Brent crude futures fell 90 cents, or 1.09, to 81.78 a barrel by 1055 […]
Yuan Jumps Past 7 per Dollar as China Eases some COVID Curbs
SHANGHAI, Dec 5 Reuters China39;s yuan , firmed past the closely watched 7perdollar level on Monday, hitting its strongest since midSeptember, as Beijing eased some of its strict COVID19 curbs, potentially attracting fresh foreign inflows. The Chinese currency was also bolstered by expectations of slower U.S. interest rate hikes, which knocked the dollar index to […]
FX Swap Debt a 80 Trillion Blind Spot BIS Says
LONDON, Dec 5 Reuters Pension funds and other 39;nonbank39; financial firms have more than 80 trillion of hidden, offbalance sheet dollar debt in FX swaps, the Bank for International Settlements BIS said. The BIS, dubbed the central bank to the world39;s central banks, also said in its latest quarterly report that 202239;s market upheaval had […]
Gold Pulls Back as Dollar Rebounds on Strong U.S. Data
China may announce 10 new COVID easing steps sources Silver drops about 4 U.S. services industry activity rises to 56.5 in Nov Dec 5 Reuters Gold prices beat a sharp retreat on Monday as the dollar rebounded on bets that strong U.S. economic readings may give the Federal Reserve fodder to accelerate rate hikes. Spot […]