Even though London copper prices rose on Friday, it experienced the biggest monthly fall since November 2015. On the London Metal Exchange, copper rose 0.3% to $5,601 a ton after 12 continuous sessions of losses. This month, it is down by 9.3%. Copper has seen the most pain among the significant commodities since the virus …
The copper price hasn’t been so low for the last four years Read More »
One of the most famous companies when it comes to non-alcoholic beverages reported the quarterly results on Thursday. The Coca-Cola Company was able to surpass the expectations. Based on the results, in the fourth quarter of 2019, fiscal net income reached $2.07 billion or 47 cents per share. As a result, in comparison with the …
Coca-Cola Surpassed the Expectations in the Q4 of 2019 Read More »
The U.S. dollar rallied during the last few weeks, giving investors the illusion that it was a good safe-haven asset. But it seems, this high was short-lived, and the currency isn’t as firm, as some would like to believe. Daniel Katzive, head of foreign exchange strategy for North America at BNP Paribas, noted that the …
U.S. Dollar Fell on Thursday. Does Safe-haven Rally Slow? Read More »
Silvergate bank became famous thanks to its position regarding the cryptocurrencies. It provides U.S. dollar banking services for businesses that would like to use cryptocurrency. This is a very important decision as many banks refuse to handle the crypto transactions. Moreover, this bank from the U.S. State of California plans to make another serious decision. …
In a drop-down “report this tweet” option, US users can now report misinformation and voter suppression on Twitter. The move comes just ahead of the 2020 Iowa elections. As per the site’s voter suppression rules, users are prohibited from tweeting misleading information on how or when to vote. Additionally, since voter ID rules differ from …
The U.S. economy grew 2.1% in the fourth quarter of 2019, according to the initial estimate released by the Commerce Department on Thursday. Moreover, economic growth fell to the lowest point in 2019 in comparison with previous years. For example, in 2018, the economy grew 2.9%, while in 2017, the U.S. economy rose 2.4%. Thus, …
On Thursday, a combination of factors influenced the stocks across Asia. One of the factors which affected the markets is the U.S. Federal Reserve. Two days ago, the Federal Open Market Committee made the decision to keep the benchmark rate in a range between 1.5% and 1.75%. For the second meeting in a row, Federal …
Coronavirus, U.S. Federal Reserve and Stocks in Asia Read More »
The Chinese outbreak caused Chinese stocks to collapse. Traders began to move on to safe-haven stocks, such as Japanese and U.S. futures, using risk-off tactics. During the last weeks, the stock market constantly fluctuated, shares rising or falling depending on the virus’s progress. The Chinese yuan and Australian dollar suffered the most, though U.S. futures …
Crypto-related companies continue to expand as they would like to attract customers from different parts of the world. One such crypto exchange is Coinbase. This San Francisco-based exchange would like to serve not only the American but European and Asian clients as well. Recently it made a huge step forward in this direction. Let’s have …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPJPY The pair traded in the green in recent sessions, although the movements were capped and limited. Against the safe-haven Japanese yen, the movement was up although traders appear hesitant to commit fully as …
Daily Market Charts and Analysis January 31, 2020 Read More »
Stock markets across the Asia Pacific region are struggling to cope with problems created by the coronavirus outbreak. Moreover, the U.S. Federal Reserve decided to keep interest rates. In Honk Kong, the Hang Seng index fell 2.62% to close at 26,449.13. The shares of travel-related companies such as China Southern Airlines and Cathay Pacific declined …
Crude oil slipped amid the climbing death toll from the coronavirus in China. It dropped 0.71 percent to Rs 3,779, while gold grew 0.5 percent and silver 0.9 percent on MCX. Oil futures observed mixed trading on Wednesday, with US prices down after government data disclosed that domestic crude inventories posted a higher-than-expected weekly climb, …
Cryptocurrency exchange operator Coinbase opened new custody operations in Dublin, in the capital city of Ireland. Coinbase decided to open the center to help non-U.S. institutional clients to store their assets. On Wednesday, the exchange operator announced that it plans to create Coinbase Custody International. The purpose of this entity is to expand its institutional …
Cryptocurrency Exchange Coinbase and International Clients Read More »
The U.S. dollar is the best performing currency among the G10 currencies this month. Its index rose 1.6% in January, hitting a two-month high. It last stood at 98.033, not far from Wednesday’s two-month high of 98.037. The Japanese yen and the Swiss franc also ranked a close second and third. The yen increased by …
Yen, Dollar and Swiss Franc in demand due to virus anxiety Read More »
Oil and gas companies are working to reduce greenhouse emissions. One of the major factors why the companies are willing to work harder to deal with such problems is the pressure from the investors. Several oil and gas giants such as Shell, Total and Repsol are the leading companies when it comes to green transformation. …
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