It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail sales across all modes of payment.The data, which covers sales from 1 November to 24 December …

After revealing a new sedan last week, rumors are whirling around the Nio’s next big announcement. The electric vehicle maker has plans to contend with competition that is growing in the world’s largest auto market.Investors in Nio (NYSE:NIO) have been hesitant and mostly unable to decide whether to start off …

Tesla’s earnings as well as deliveries are expected to jump year-over-year when Elon Musk’s carmaker reports fourth-quarter figures in early January. Tesla stock rose Monday, rising to a trendline buy point.The maker of upscale electric cars could report Q4 deliveries as early as 1 January and as late as 5 …

Western Texas Intermediate has advanced by 2.66% during the New York session, exacerbated by thin trading liquidity conditions.The market sentiment is positive despite the Omicron variant worldwide outbreak. Tilted to the upside, though a break above the 50-DMA would open the path towards USD 79.00.Western Texas Intermediate, also known as …

European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …

Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …

The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …

The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …

The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …

Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …