The TBS television channel reported that Japan intends to ease entry procedures into the country for those coming from China by canceling the requirement to undergo a Corona examination before boarding and upon arrival, as of March 1. The channel said, quoting several government sources, that Japan will cancel the …
Read More »European stocks rise with the support of French Saint-Gobain and Swedish Elekta
European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …
Read More »The Nikkei index makes the biggest jump in a month thanks to chip stocks
Japan’s Nikkei average posted its biggest jump in a month on Friday, recovering from a one-month low hit in the previous session, as chip-related stocks rose and the Bank of Japan’s upcoming governor supported the current monetary easing policy. The index ended Friday up 1.29 percent to 27,453.48 points. The …
Read More »Dow Jones achieves the downside targets 24/2/2023
Oil, Crude, trading
Read More »CAD maintains a gradual climb 24/2/2023
Technically, and by looking at the 240-minute chart, the pair maintains its stability above the 50-day simple moving average, which returned to carry the price from below, and we find the stochastic indicator trying to get rid of the intraday negativity. Therefore, the possibility of maintaining the quiet rise to …
Read More »GBP is under selling pressure 24/2/2023
Oil, Crude, trading
Read More »Oil breaches resistance amid conflicting technical signals 24/2/2023
US crude oil futures prices reflected the expected bearish trend, in which we relied on trading to remain stable at the time of writing of the previous report, below the resistance level of 75.10, explaining that the price’s attempts to consolidate above 75.10 might lead oil prices to a temporary …
Read More »Euro is continuing its decline 24/2/2023
The euro fluctuated significantly during the previous trading session, within the expected technical outlook, touching the first target to be achieved at 1.0570, recording its lowest level at 1.0575. On the technical side today, EURUSD is trading intraday below the previously broken support level at 1.0630, accompanied by the negative …
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 …
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