Gold holds in fresh bull-cycle highs in the midday New York session. The Gold Price is being supported amid continued demand for inflation protection in wake of the latest CPI/PPI data. Geopolitical tensions also remain higher and the prospects of Russo-Ukraine peace remain poor, underpinning the Gold Index.Gold price has …
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Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase & Co.’s pandemic boom ended with a sharp drop in profits and a …
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US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …
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The Dow Jones Industrial Average added around 66 points to stand at 34,286. The S&P 500 added around nine points at 4,407. The tech laden Nasdaq index gained around 34 points to stand at 13,406US benchmarks started marginally ahead on Wednesday after a volatile start as first quarter earnings season …
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The Bank of Canada announced on Wednesday that it had increased benchmark interest rates by 50 bps to 1.00% from 0.50%, as widely expected by analysts. The central bank also announced plans to begin reducing the size of its balance sheet, also known as Quantitative Tightening (QT), from 25 April, given …
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The Bank of Canada (BoC) is scheduled to announce its monetary policy decision this Wednesday at 14:00 GMT. The Canadian central bank is widely expected to hike its benchmark interest rate by 50 bps for the first time since May 2000 and announce quantitative tightening (QT) to control spiralling inflation. …
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The EUR/USD pair crawls towards 1.08 with little help coming from the European Central Bank (ECB) tomorrow. Economists at Scotiabank expert the world’s most popular currency pair to sustain further losses on unchanged guidance from the ECB.On the French elections front, early runoff polls show Macron defeating Le Pen. With …
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Cryptocurrencies continued to slide to their lowest levels in three weeks, as inflation in the United Kingdom raised persistent concerns about the health of the global economy. Bitcoin rose 0.3% to $40,134, but was still flat above the $40,000 key support level. Ethereum, the closest competitor by market capitalization, gained …
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Oil prices rose on Wednesday after Russia said peace talks with Ukraine had reached a dead end, fueling supply concerns, while weak economic data from China and Japan kept gains limited. By 0808 GMT, Brent crude rose 48 cents, or 0.5 percent, to $105.12 a barrel. West Texas Intermediate crude …
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European shares fell for the third session in a row on Wednesday, April 13, pressured by fears of rising inflation and its potential impact on the upcoming earnings season, which undermined risk appetite. The pan-European Stoxx6000 index fell 0.2%, retail and technology stocks fell, while the mining sector advanced. And …
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