Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline.Walmart stock popped …
Read More »EUR/USD collapses to twenty-year-lows
The EUR/USD pair collapsed to fresh twenty-year-lows, below the 1.0350 previous low printed on May 13, accelerating towards the 1.0250s region courtesy of a stronger US dollar. The pair loses almost 1.60% during the day.The US Dollar Index advances to twenty-year-highs, above the 106.500 mark, up almost 1.30%, on renewed …
Read More »A Sharp Decline in Gas Prices in Europe After Putin’s Statements
Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices. Gas prices in Europe fell today below the level of $1,000 per thousand cubic meters after Russian President Vladimir Putin expressed …
Read More »Russia: Nord Stream 2 could cool gas prices in Europe
Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices.Prices have spiked in response to a recovery in demand, particularly from Asia, when storage levels are low.European Dutch wholesale gas for …
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