A bit of concern that Hope Hicks’ contracting COVID-19 raises questions about President Trump’s susceptibility to infection. Hicks travelled with Trump aboard Air Force One to and from the presidential debate on Tuesday, and to his Minnesota rally yesterday If you watched the debate preamble you may have seen from coverage that Trump’s entourage entered the
Month: October 2020
BENGALURU/MUMBAI: Customers began trickling into jewellery stores in India this week as domestic prices slipped, with dealers hoping for a further rebound in demand going into a busy festival season. Indians celebrate the festivals of Dussehra in late October and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Slowly, demand has been
Dollar attempted to edge lower earlier today but the bears are still not too committed. Selling has indeed turned to Yen in early US session, after some better than expected US data. The stocks markets are also lacking a clear direction as European indices open higher, but quickly reversed early gains. Australian and New Zealand
First-time claims for unemployment insurance totaled 837,000 last week, the Labor Department said Thursday as the jobs market continues its plodding recovery from the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 850,000. The weekly total represented a decline of 36,000 from the previous week’s upwardly revised 870,000, according to seasonally adjusted numbers.
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported its quarterly sales grew by more than 5% as consumers bought more of its Tostitos and pancake mixes. Shares of the company rose 2% in premarket trading. Here’s what the company reported compared with
Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to Cointelegraph’s Freedom of Information Act (FOIA) request for details in the Abra case, the SEC cited
Some stall in the NZDUSD The NZDUSD based in the Asian session against the 200 hour MA (green line). The hold was an invitation to go higher and the buyers obliged and marched to the upside. That move initially moved up to test day topside channel trendline. The corrective move off that line found support against the 38.2%
ISM Manufacturing PMI declined slightly to 55.4 in September. US Dollar Index is virtually unchanged on the day near 93.80 after the data. The economic activity in the US’ manufacturing sector expanded at a softer pace in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4
US personal income and spending report for August 2020 Prior +1.3% (revised to +1.4%) PCE core MoM +0.3% vs +0.3% expected Prior MoM +0.3% (revised to +0.4%) Deflator YoY +1.4% vs +1.2% expected Prior deflator YoY +1.0% (revised to +1.1%) Deflator MoM +0.3% vs +0.3% expected Prior MoM deflator +0.3% (revised to +0.4%) Consumers spending
New Delhi: Gold prices rose marginally by Rs 37 to Rs 51,389 per 10 gram in the national capital on Thursday in line with a positive global trend, according to HDFC Securities. Stronger rupee, however, kept upside limited in the precious metal. The yellow metal had closed at Rs 51,352 per 10 gram in the
The latest economic indicators show that China’s economy continued to recovery in September. NBS’ official manufacturing PMI climbed +0.5 point higher to 51.5 in September, beating consensus of 51.3. The non-manufacturing PMI also increased to 55.9 from 55.2 in August. The composite index gained +0.6 point to 55.1 last month. Focusing of SMEs, Caixin’s manufacturing
The U.S. economy needs more help from the fiscal side to recover from the ongoing impact of the coronavirus pandemic, San Francisco Federal Reserve President Mary Daly said Wednesday. With the White House and congressional leadership still trying to work out details of an aid package, Daly likened the rescue funding so far to a
Bed Bath & Beyond on Thursday reported its first same-store sales increase in nearly four years, as its online business surged more than 80% during the quarter, as shoppers stocked up on disposable face masks, college dorm decor and patio furniture. Its shares surged more than 16% in premarket trading. The company said it saw 2
Month results are negative The month of September is now over and the major indices closed lower for the 1st time since March. Moreover the stocks posted the worst September performance since 2011. The good news is that the major indices close higher for the 2nd consecutive quarter and they also closed higher for the day
Gold Price Analysis: XAU/USD picks up bids toward $1,900 as stimulus news propel risk Gold prices rise to $1,888 during the early Asian session on Thursday. The yellow metal snapped the previous two days’ advances on Wednesday before closing the day around $1,885. While the US dollar weakness initially pleased the bullion buyers, risk-on sentiment
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