LONDON, May 17 Reuters Sterling was on track for a weekly gain versus the dollar on Friday, as currency traders look ahead to key data releases next week that could point to how quickly the Bank of England may cut interest rates. The pound edged down 0.1 on the day to 1.2656 , but was […]

Previous Trading Days Events 16.05.2024 The number of Americans filing new claims for jobless benefits fell last week, job growth is cooling though and the number remains high enough to coincide with other relevant data. There are signs that the economy slowed further early in the second quarter as the delayed effects of the Federal […]

MUMBAI, May 17 Reuters The Indian rupee was largely unchanged on Friday as dollar sales from staterun banks, likely on behalf of the Reserve Bank of India RBI, curbed weakness in the currency even as its Asian peers slipped. The rupee was at 83.48 against the U.S. dollar as of 1040 a.m. IST, barely changed […]

Richemont shines after 39;reassuringly resilient39; results ABB buys Siemens39;s wiring accessories business in China ECB39;s Schnabel calls for caution in rate cuts beyond June May 17 Reuters European shares dropped on Friday, dragged by declines in technology and industrials stocks, with investors looking forward to euro zone inflation data for some clarity on the path […]

LONDON, May 17 Reuters The dollar edged up against major currencies on Friday but was still headed for a weekly fall, as market speculation continues to swirl about the timing of Federal Reserve rate cuts amid signs of cooling inflation and a softening U.S. economy. Data on Wednesday showed consumer prices rose more slowly than expected in […]

We unpack how holding exposure with the third futures contract in a commodities allocation has been shown to alleviate the typical negative roll yield associated with commodities.