The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September. the Sales Expectations Balance advanced to 35 for November, compared to 29 for October. Finally, the stock levels in relation …
Read More »Facebook’s Profits Exceed Expectations… But
Facebook Inc. announced better-than-expected results during the third quarter of this year, but revenue and the number of active users failed to meet estimates. The results of the business of the company that owns the social networking site revealed that the net profit amounted to 9.19 billion dollars in the …
Read More »Oil Prices Fall Amid Fears of a Global Economic Slowdown
Oil prices continued to decline for the second day in a row, after the strong gains they achieved at the end of last week’s trading. Pressures on oil prices increased at the beginning of this week after a number of reports were issued by investment banks and institutions warning of …
Read More »Elon Musk’s Fortune Jumps More Than 25 Billion Dollars in One Day
Tesla CEO Elon Musk’s fortune jumped $25.6 billion after his company’s shares jumped more than 12% to surpass $1 trillion in market value. According to the Forbes Rich List, Elon Musk’s fortune rose to $255.2 billion from $229.6 billion, or 11% in trading on Monday, October 25. Tesla shares rose …
Read More »Turkish Lira Recovers
The Turkish lira jumped more than 1.5 percent on Tuesday in its biggest rally since mid-June, recovering from its biggest-ever drop the previous day, as Ankara and its Western allies weathered a potential diplomatic crisis. Ten foreign embassies said on Monday that they are committed to foreign agreements of non-interference …
Read More »Market Drivers – Asian Session 26-10-2021
The trading session was quiet for most of the Asian session. The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US stocks pushed the Dow Jones Industrial Average and S&P 500 indexes to record levels. The Nikkei closed up 1.8 percent …
Read More »Nikkei Rises, Supported by Wall Street Gains
The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US, stocks pushed the Dow Jones Industrial Average and Standard & Poor’s 500 indexes to record levels. The Nikkei closed up 1.8 percent to 29106.01 points, after rising at the open and …
Read More »Gold Hovers Near $1800 an Ounce
Gold fell in Tuesday morning trading in Asia. While the dollar, which usually moves in reverse with gold, rose 0.07% on Tuesday, recovering from a one-month low hit during the previous session. Gold futures were also down 0.07% at $1,805.55 by 11:15 PM ET as investors await this week’s key …
Read More »German Dax Starts Positively
The German DAX index managed to build on the support level 15,500 to start its daily trading with an upward bias and hovering around its highest level during the morning trading session around 15,640. Technically, we may witness a bullish bias in the coming hours, based on the positive signs …
Read More »Dow Jones Repeat Chances of The Bullish Attack
Oil, Crude, trading
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