European stocks were little changed on Friday as investors refrained from making big bets ahead of a series of central bank meetings next week, while luxury goods stocks fell after weak business results from industry leader LVMH. And by 0815 GMT, the European Stoxx 600 was stable, as gains in …
Read More »Dollar is falling, approaching its lowest level in 9 months
The dollar fell against the Japanese yen on Friday, as traders bet that the Bank of Japan’s monetary policy tightening is still imminent. The dollar also fell to approaching a nine-month low against the euro, amid expectations in the market that the European Central Bank will announce next week an …
Read More »Oil is rising with the support of strong US economic data
Oil prices rose slightly on Friday, extending their gains for the second session in a row, supported by strong US economic data and mounting hopes for a recovery in demand after the reopening of the Chinese economy. By 0113 GMT, Brent crude futures were up 30 cents, or 0.3 percent, …
Read More »US: Weekly Initial Jobless Claims decline to 186K
There were 186,000 initial jobless claims in the week ending January 21, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 192,000 (revised from 190,000) and came in better than the market expectation of 205,000. The publication …
Read More »US economy grows at an annual rate of 2.9% in Q4
The US economy expanded at an annualized rate of 2.9% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading followed the 3.2% growth recorded in the third quarter and came in slightly better than the market expectation for an expansion of …
Read More »Gold fell as the dollar rose, as investors awaited US data
Gold prices fell on Thursday, January 26, with the rise of the dollar, while investors await US economic data that could provide clues about whether the Federal Reserve will slow down the pace of raising interest rates. Spot gold fell 0.5% to $1936.97 an ounce, after hitting its highest level …
Read More »European stocks rise thanks to optimism about earnings
European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession. The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains. STMicroelectronics jumped 8.4% after …
Read More »Nikkei snaps a winning streak ahead of US GDP data
Japan’s Nikkei index snapped a four-session winning streak on Thursday, with shipping companies leading the decline, as investors around the world await US economic data that could influence the path of the Federal Reserve’s interest rate hike. The Nikkei index closed down 0.12 percent at 27,362.75, after rising 0.4 percent …
Read More »Oil is rising, supported by a less-than-expected increase in US inventories
Oil prices rose in early Asian trade on Thursday after a less-than-expected build in US crude inventories, while a weaker dollar made oil less affordable for buyers of other currencies. By 0119 GMT, Brent crude futures rose 12 cents to $86.24 a barrel, while West Texas Intermediate crude futures rose …
Read More »Dow Jones trying to compensate for losses, eyes on the US data 26/1/2023
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