Asia Day Ahead: RBA Rate Decision on Watch, AUD/NZD below key support
Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007.
British Pound Technical Outlook: GBP/USD, GBP/JPY May Fall as Sterling Remains Pressured
From a technical perspective, the British Pound is appearing increasingly vulnerable to the US Dollar and Japanese Yen. Will GBP/USD and GBP/JPY continue lower from here?
Germanys Birkenstock Targets 9.2B Valuation in New York IPO
Oct 2 Reuters Birkenstock, the German premium footwear brand backed by privateequity firm L Catterton, said on Monday it is seeking a valuation of up to 9.2 billion in its highly anticipated U.S. initial public offering IPO. The company and its stockholders are expecting to sell at least 32 million shares, likely to be priced […]
Kenya Panel Urges Shutdown of Worldcoins Crypto Project within Country
NAIROBI, Oct 2 Reuters A Kenyan parliamentary panel called on the country39;s information technology regulator on Monday to shut down the operations of cryptocurrency project Worldcoin within the country until more stringent regulations are put in place. The government suspended the project in early August following privacy objections over its scanning of users39; irises in exchange for […]
Crude Oil Vulnerable as Recent Drop Pushes Retail Traders to Build Upside Exposure
Crude oil prices fell the most over the past 2 days since early June and retail traders responded by becoming more bullish. Is this a warning sign that WTI may continue lower next?
New Quarter, same Struggles for Stocks, Bonds and Yen
European stocks start Q4 with stumble in the red Government bond market borrowing costs tick up Japan39;s yen edges toward 150 to the dollar LONDON, Oct 2 Reuters World markets struggled to put a testing third quarter behind them on Monday, with stocks and the euro ticking lower, bonds still on edge and a lastminute deal to […]
Gold Extends Fall, Strong Dollar, Higher US Rates Take Toll
Gold prices could fall below 1,800 analyst Silver falls over 3 Oct 2 Reuters Gold extended its decline for the sixth straight session on Monday to hit a near sevenmonth trough, as a robust dollar and prospects of higher U.S. interest rates took the shine off bullion. Spot gold was down 0.8 by 954 a.m. […]
London Stocks Kick off Q4 on Higher Note, BAE Systems Shines
Antofagasta surges as Citigroup raises to buy Morgan Stanley downgrades Natwest, shares fall UK water firms gain after chalking out investment plans BAE Systems up on 4 bln contract for AUKUS submarine programme FTSE 100 up 0.1, FTSE 250 adds 0.5 Oct 2 Reuters London stocks opened slightly higher on the first trading day of […]
European Stocks Start Q4 with Mild Gains, US avoids Shutdown
EZ factory activity remains in contraction PMI Vivendi gains after Barclays upgrade AMS Osram jumps on bullish comments from Jefferies Oct 2 Reuters European stocks started the final quarter of the year with mild gains as the United States avoided a federal government shutdown, though data showed factory activity in the euro zone remained in […]
Sterling on Back Foot again after September Slump
LONDON, Oct 2 Reuters The pound fell slightly on Monday, continuing a weak run that saw it drop 3.7 in September its worst monthly performance in a year. Sterling was last down 0.14 at 1.2188. Last week it fell to its lowest level since March at 1.2111 before picking up slightly, but it is still […]