The Federal Reserve’s decision to hold off on raising interest rates until March has given some relief to the oil markets, with New York-traded West Texas Intermediate (WTI) crude settling up 1.3% at $76.68 per barrel, reducing its weekly loss to 3.8%. London-traded Brent crude also settled up 1.5% at.
Gold prices reached a one-month high on Friday, indicating a potential breakthrough from the mid-$1,800 range it has been stuck in for the past four weeks. The US Labor Department reported that 311,000 jobs were added in February, a lower increase than January but still beating economists’ expectations. This data.
Introduction: Oil prices have been fluctuating due to the recent U.S. interest rate hike jitters, which have been driven by fears of further rate hikes in the world’s largest economy and in Europe. While better-than-expected U.S. employment data on Friday caused oil prices to rise more than 1%, both crude.
Scotiabank economists report that a sustained push back above the 100-day moving average (DMA) of 1.2017 could enhance the GBP’s rebound, as the UK economy may hold up better than expected in the early part of this year. UK Jan GDP Rebound Suggests Economy May Hold Up Better The GBP.
Introduction: Caterpillar, the world’s largest construction and mining equipment manufacturer, has been downgraded by UBS analysts from Neutral to Sell, with a new price target of $225 per share, down from $230. The downgrade comes as a result of a lack of cyclical momentum, with the analysts not seeing enough.
India’s industrial output increased by 5.2% YoY in January, exceeding expectations due to strong domestic demand. Despite weakening exports and rising interest rates, analysts predict that industrial output growth will remain strong. Introduction: India’s industrial output increased by 5.2% YoY in January, exceeding expectations due to strong domestic demand. Despite.
Introduction: Loop Capital analysts have predicted a buying opportunity for Snowflake Inc (NYSE:SNOW) after attending a marketing event hosted by the company. The analysts have noted that Snowflake’s Data Cloud product vision has several incremental data points that support their view of an enormous market opportunity. This article will delve.
Introduction U.S. stock indexes experienced significant losses on Friday, with concerns over the health of the banking sector mounting following SVB Financial’s efforts to raise capital. The move caused steep losses in the previous session, wiping out over $80 billion in value from bank shares. The fallout from the situation.
The US dollar remained elevated in early European trade on Thursday, despite a 0.1% drop against a basket of six other currencies tracked by the Dollar Index, trading at 105.543. The dollar remained near its three-month peak of 105.880 from the previous session as Federal Reserve Chair Jerome Powell reiterated.
Denmark’s OMX Copenhagen 20 index fell 1.74% on Friday, as losses in the financials, personal and household goods and oil and gas sectors led shares lower. Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 116 to 42 and 10 ended unchanged. Financial stocks slump Danske Bank A/S,.
SVB Financial Group, which does business as Silicon Valley Bank, suffered steep losses on Thursday and Friday after revealing plans to raise over $2 billion from investors to counter losses from the sale of its bond portfolio. The lender’s shares slumped 60% on Thursday, its largest loss ever, after the.
Introduction Turkey’s lira has hit a fresh record low against the US dollar as investors grapple with the economic impact of the devastating earthquakes that struck the country in February. The situation has been compounded by uncertainty surrounding the upcoming presidential and parliamentary elections scheduled for May 14, which will.