Thomson Reuters announced a revenue hike in Q4 of last year and said it would start a two-year program that would transform it from a holding company to an operating company. The news and information provider said revenues rose 2% to $1.62 billion, due to the sale of an investment, …
Read More »UK PM Johnson: Very Optimistic England Will Fully Re-open on June 21
British Prime Minister Boris Johnson said on Tuesday that he is very optimistic that England will fully re-open on June 21 but added that it’s not a guarantee. “British Cabinet Minister Michael Gove will review the use of vaccine certification,”
Read More »UK: CBI Retail Sales Balance Improves Modestly to -45% in February
The data from the UK showed on Tuesday that the Confederation of British Industry’s (CBI) Retail Sales Balance in February rose to -45 from -50 in January. This reading came in worse than the market expectation of -38.
Read More »UK Unemployment Rate Rises to Highest in Almost Five Years
U.K. unemployment climbed to its highest rate in almost five years in Q4 as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rose 121,000 from Q3, taking the jobless rate to 5.1%, the most since early 2016, the Office for National …
Read More »Eurozone Final CPI Meets Estimates with 0.2% MoM in January
According to Eurostat’s final reading of the Eurozone CPI report for January, the consumer prices came in at 0.9% YoY, meeting the expectation. While the core figures rose by 1.4% vs +1.4% last and +1.4% expected. On a monthly basis, the bloc’s CPI figure for December accelerated by 0.2% versus …
Read More »Cryptocurrencies fell Sharply After Record Highs And Bitcoin Fell Below $47,000
Cryptocurrencies witnessed sharp declines after record high as Bitcoin fell below $ 47,000 More to come…
Read More »Oil Prices Jump by More Than a Dollar as The Resumption of US Production Slows
Oil prices jumped by more than a dollar on Tuesday (February 23rd), as they received support from optimism about the distribution of anti-Covid-19 vaccines and a decrease in production as US supplies slowly return after freezing weather in Texas stopped crude production last week. Sources said that shale oil producers …
Read More »Gold Hits a Week High as The Dollar Weakens And Yields Decline
Gold rose to the peak of the week of Tuesday, February 23rd, supported by the weak dollar and declining US Treasury yields, while the appeal of the yellow metal was boosted by fears of further rising inflation. Spot gold rose 0.2% to $1812.06 an ounce, after hitting its highest level …
Read More »Bitcoin Facing Profit-Taking
Bitcoin prices fell significantly due to its exposure to strong profit-taking, after a series of record gains approaching $60,000. Technically, we are biased towards negativity due to the obvious negativity of Stochastic, in addition to the negativity of the simple moving averages. We await confirmation of breaching 48,350 support, targeting …
Read More »German DAX: Trying to Consolidate
The DAX index continues to maintain its positive side, trying to stabilize for the second session in a row above the support level of 13,810/13,800. Technically we tend to be positive on short intervals, but with caution. The RSI is stable above the 50 midline, which supports the bullish bias. …
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