Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Caterpillar shares were on pace to close at a record high after the excavator and bulldozer builder reported a fourth-quarter profit that …

McDonald’s stock fell marginally in premarket trade Monday as the world’s largest fast food restaurant failed earnings projections and, like Starbucks last week, blamed weaker sales on the Israel-Hamas war.McDonald’s reported Q4’s revenue of $6.41 billion, 7.5% higher than the $5.92 billion recorded in the same period previous year and …

The Reserve Bank of Australia will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT. As the release date approaches, here are estimates from economists and researchers at eight major banks about the next central bank decision.The customary rate decision and post-meeting statement will be followed …

Gold is -0.85% down, trading around $2037 per ounce at the time of writing, obviously impacted by the rallying US dollar following surprise NFP reading on Friday.European equities gained after the US Nonfarm Payrolls reached a one-year high, pushing investors further away from rate cut expectations. The pan-European STOXX600 index …

The EUR/USD pair is losing important technical control after the US Jobs Report outperformed expectations, with US Nonfarm Payrolls reaching a one-year high and causing substantial upward revisions to earlier data points. The pair is trading at 1.0792, down -0.72% as of writing.The US economy continues to impress investors, with …

The DXY Index rallied by over 0.80% to 103.90 on Friday, with US Nonfarm Payrolls surpassing expectations for January. US bond yields are increasing as markets push towards May’s start of the easing cycle.Fed Chair Powell confirmed that a March rate cut is unlikely despite market speculation, and the bank …

In January 2024, financial markets were active and turbulent, with investors initially rejoicing as inflation fell and sectors such as semiconductors saw big gains. However, a hawkish central bank and geopolitical concerns tempered confidence, while dropping oil prices and stricter investment conditions put adverse pressure on investors.Financial markets continued its …

The USD/JPY pair is climbing over 0.90% to 148.05 after a strong US jobs report and higher Treasury yields. January’s 353K job additions lessen Fed rate cut forecasts, indicating a tighter labour market.The US 10-year Treasury yield and Dollar Index signal robust confidence in the US economy. The pair is …

The S&P 500 and Nasdaq rose on Friday due to strong tech earnings and a stronger-than-expected jobs report. The broad market index added 1.3%, while the Nasdaq Composite climbed 1.9%. Meta shares soared over 22% after defying analysts’ expectations. The company announced it will pay a quarterly dividend for the …

Consumer sentiment in the United States has hit its highest point since July 2021, with consumers anticipating increases in both inflation and personal income.According to the University of Michigan’s Surveys on Consumers, the index reached this level after a 13% month-over-month improvement in January, which was preceded by a 14% …