Edison Research gives the nod to Pres. Trump in Alaska Edison research has given the nod to Donald Trump in the presidential election over Joe Biden. 75% of the estimate of only has been counted. Why the long delay in a state with a low population? Due to Alaska’s sprawling geography, officials count absentee ballots that
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Refined soya oil prices on Wednesday rose by Rs 14 to Rs 1,017.5 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 14, or 1.4 per cent, to Rs 1,017.5 per 10 kg in 14,590 lots.
New Zealand Dollar surges broadly today as markets see that RBNZ has less need to cut into negative next year. Kiwi’s strength is somewhat taking Aussie higher too. On the other hand, Sterling is paring some of yesterday’s strong gain while Dollar is following as second weakest for now. Market activity could be subdued for
Gov urging folks to stay at home but falling short of making it a formal order. There were more than 1,300 new cases identified yesterday, and unfortunately, 7 additional deaths. Our 14-day test positivity rate is 13.7 percent. It’s continuing to climb. For the most recent 7-day period, cases are growing at a rate of
LONDON: Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus. Brent crude futures rose 34 cents, or 0.8%, to $42.74 by 1312 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 20
China’s inflation moderated in October. Headline CPI eased sharply to +0.5% y/y, from +1.7% a month ago. The decline was mainly driven by food price, of which growth decelerated to +2.2% from September’s +7.9%. Non-food price actually stayed flat at 0%, while core CPI also steadied at +0.5%. Concerning food price, the deceleration was due
What’s coming up It’s a light day for economic data but there is the September JOLTS report at 1500 GMT and a 10-year auction at 1800 GMT. What will keep things moving are a series of central banker comments: 1400 GMT ECB’s Knot 1500 GMT Fed’s Rosengren & Kaplan 1700 GMT Fed’s Kaplan again 1730
New Delhi: Leading commodity bourse MCX on Tuesday said its bullion index MCX Bulldex recorded the highest single-day turnover of Rs 652 crore on November 9 for the first time since its launch. The real-time bullion index, launched on August 24, has gold and silver as underlying, with gold having a weightage of 70.52 per
Sterling surges broadly today, as traders apparently cheers Prime Minister Boris Johnson’s defeat in the Lords regarding his internal market bill. But the forex markets are relatively quiet elsewhere. New Zealand Dollar is currently the second strongest, following the Pound. Swiss Franc is the weakest, followed by Canadian and then Dollar. US futures are mixed,
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NEW YORK: Oil surged on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe. Brent crude was up $3.14, or 8%, to $42.61 a barrel at 11:24 a.m. EDT (1624 GMT), while U.S. West
Yen and Dollar weaken generally in Asian session today as strong risk appetite continues. Notable rally is also seen in gold today, extending its near term rally. New Zealand Dollar is currently leading other commodity currencies higher. European majors are generally mixed. Focus would turn to the neverending Brexit negotiations, as EU chief negotiator Michel
Tough to take it all in but there’s a clear message I think the message from last week was just how much money was on the sidelines. It was totally understandable to want to sit out the US election, especially with covid cases soaring. The battle for the past 8 months has been the worrisome
New Delhi: Gold prices rose for the fourth consecutive day on Monday, gaining Rs 277 to Rs 52,183 per 10 gram in the national capital on a strong global trend, according to HDFC Securities.In the previous trade, the yellow metal had closed at Rs 51,906 per 10 gram. Silver prices also jumped Rs 694 to
The world, at least the financial markets part, is in euphoria today on news that tens of millions doses of coronavirus vaccine are ready this year, to pull it out of the coronavirus pandemic that took away over 1.2 millions lives. DOW future is in massive rally, up around 1500 pts of writing while European
Via a reporter at CNN, Jake Tapper, on the two sides competing for Trump’s path forward: Sources close to POTUS tell me he’s being urged by Jared Kushner, Rudy Giuliani, & campaign adviser Jason Miller to hold rallies throughout the US pushing for recounts of votes. Dave Bossie and WH chief of staff Mark Meadows
By Julian Lee This was supposed to be a time when things were getting closer to normal for OPEC. A recovery in oil demand after the first wave of the pandemic, coupled with a deep slump in U.S. production, was meant to leave the world needing more of its members’ crude. But it isn’t turning
As widely anticipated, the Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The decisions were made unanimously. The members acknowledged that economic recovery remained under way. Yet, they warned of the downside risks to growth amidst the huge uncertainty of the coronavirus pandemic. The members pledged to use