Banks traditionally get the ball rolling Believe it or not, the earnings season is starting up next week. It seems like only yesterday. The fact is, the bulk of earnings are spread out over a month or so and then you have other key releases that are outside of that window. Nevertheless, it does not
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LONDON: Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand. Brent crude futures for June fell 37 cents, or 0.59%, to $62.83 a barrel by 1338 GMT while U.S. West Texas Intermediate (WTI) crude for May was at
Canadian Dollar jumps broadly in early US session, with help from much better than expected job data. Dollar is following as second strongest for today, paring some of this week’s losses. On the other hand, Yen and Euro, turn weaker, other with Aussie. Overall, it appears that traders are generally taking profits from prior moves
10-year Treasury yields up 5 bps to 1.669% After a busier start, things have settled down on the session as we await Wall Street to enter the fray in Friday trading today. The market got a bit of a push earlier when Treasury yields crept higher, with 10-year yields touching 1.67% from a low of
NEW DELHI: Copper futures on Friday slipped 0.47 per cent to Rs 692.35 per kg as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 3.25, or 0.47 per cent, to Rs 692.35 per kg in a business turnover of
Markets are generally quiet in Asian session today. Sterling is set to end as the worst performing one for the week. And it’s still facing much downside pressure against Euro, Swiss Franc and Yen. Dollar is following as the second weakest, but the final position is unsure, as Aussie and Loonie are also relatively soft.
The UK government’s Global Travel Taskforce says it will announce in early May which countries will fall into red, amber or green categories in new traffic-light system based on covid risk says it will confirm in early May whether international travel can resume from May 17 says restrictions for inbound passengers such as 10-day hotel
NEW YORK: Oil prices were little changed as a falling and rising stock market offset earlier declines caused by a big increase in US gasoline stockpiles and subdued demand compared with pre-pandemic levels. Brent futures rose 20 cents, or 0.3%, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while US West Texas Intermediate
The ECB minutes for the March meeting has supported EURUSD. The minutes revealed that policymakers saw upside risks to the economic outlook, thanks to US’ huge fiscal stimulus. Meanwhile, despite higher inflation in the near-term, it should remain subdued and below the central bank’s target. Policymakers also pledged to accelerate PEPP purchases in 2Q21 so
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Mentha oil prices moved in a tight range on Thursday. mentha oil futures for April 30 delivery traded Rs 1.40, or 0.15 per cent, lower at Rs 954.50 per kg at 3:20 pm, having quoted within a range of Rs 954.50-957 earlier during the session. On Wednesday, the April 30 contract had settled
The FOMC minutes for the March meeting revealed that members turned more optimistic over the economic outlook. They were more hopeful of continuous improvement in light of the “significant declines in the number of new [coronavirus] cases, hospitalizations, and deaths over the intermeeting period as well as a pickup in the pace of vaccinations”. The
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: The government has procured 3.49 lakh tonnes of wheat worth at Rs 691 crore at the minimum support price so far in the marketing season 2021-22. The wheat procurement for the rabi marketing season kicked off from April. According to an official statement, the procurement of the crop began in Haryana, Uttar Pradesh,
The rallies of Euro and Swiss Franc continue today, with much help by buying in crosses, in particular against Sterling and Aussie. The latter two are currently the worst performing ones, with Sterling as the weakest for the week too. Dollar is actually performing not too badly, down just against Euro and Franc. Main focus
Latest data released by Markit/CIPS – 7 April 2021 Composite PMI 56.4 vs 56.6 prelim The preliminary report can be found here. Minor downward revisions as the final readings just reaffirm a modest rebound in overall activity in March as output and incoming new work saw strong increases last month. Business expectations for the year
NEW DELHI: Gold futures were trading with cuts on Wednesday, retreating from a recent high hit in the previous session, as a raft of strong US data boosted hopes of a quick economic recovery. Gold prices are also taking a cue from the upcoming RBI policy meet outcome that is scheduled later in the day.
Euro and Swiss Franc are currently the strongest ones for the week, but overall markets are relatively mixed. The rise in Euro owes a large part to Sterling’s pull back, as well as Dollar’s weakness for now. While overall risk sentiments are positive, there is no clear strength in commodity currencies. Yen is not soft