Italian energy group Eni said on Thursday its adjusted net profit rose to 13.3 billion euros ($14.12 billion) in 2022, its highest profit in more than a decade, but its shares fell as markets focused on weak exploration and production activity in the fourth quarter of the year. Adjusted net …
Read More »Gold rose as US Dollar fell and interest rate expectations limited gains
Gold prices rose on Thursday, supported by a slight decline in the dollar, but the odds that interest rates in the United States will remain high for a longer period limit the gains of the yellow metal. Gold in instant transactions rose 0.3 percent to $ 1830.90 an ounce by …
Read More »European stocks opened higher, supported by chipmakers
European stocks opened higher on Thursday as chipmakers rose on expectations of increased sales from US semiconductor company Nvidia. Shares of ASM International, BE Semiconductor and Extron rose between 1.6 and 3.2 percent, boosting the European technology sector 0.9 percent. Nvidia Corp. projected first-quarter revenue higher than Wall Street estimates …
Read More »Telekom reports Q4 growth, forecasts slightly higher earnings in 2023
Deutsche Telekom reported better-than-expected fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US, and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly …
Read More »Oil prices go up, ending six days of losses
Oil prices rose slightly in weak Asian trade on Thursday, ending six days of losses fueled by growing concerns that higher interest rates by central banks could squeeze economic growth and boost fuel demand. And by 0110 GMT, Brent crude futures rose two to $ 80.62 a barrel. West Texas …
Read More »Dow Jones continues to drop to the downside 23/2/2023
Oil, Crude, trading
Read More »CAD retests the moving average 23/2/2023
The Canadian dollar continues its efforts to complete the required rise within the expected bullish path during the previous trading session, approaching a few pips from our first target of 1.3580, recording its highest price at 1.3570. Technically, by looking at the 240-minute chart, the stochastic indicator entered the overbought …
Read More »GBP pressing support 23/2/2023
Oil, Crude, trading
Read More »Oil touches bearish targets and negativity remains 23/2/2023
US crude oil futures prices extended their losses as expected, surpassing the official target station at 75.00 to a low of $73.83 per barrel. Technically, there is a clear breach of the support floor of the psychological barrier 75.00, accompanied by the continuation of the simple moving averages providing negative …
Read More »Gold may continue the corrective downward wave 23/2/2023
A bearish trend continues to control gold prices, constantly pressurized by the rise of its American rival. As a result, it is heading to touch the first official target station during the previous analysis, at 1828, recording its lowest level at $1823 per ounce. The technical analysis today indicates the …
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