The dollar fell to a more than a one-week low after data showed a decrease in U.S. private sector employment in January. It resulted from an increase in COVID-19 infections. However, the data is improbable to prevent the Fed from hiking interest rates at the March policy meeting. But the report eased expectations of a …
U.S. dollar drops weak private jobs data while euro gains Read More »
HeidelbergCement is one of the largest cement makers in the world. The company reached good results in 2021. It can match or even surpass last year’s growth in 2022. According to its CEO Dominik von Achten, it will likely present more ambitious CO2 reduction targets at a capital markets day in May. Dominik von Achten …
Oil prices strengthened their positions on Wednesday, heading near a previous seven-year high after OPEC+ decided to stick to its planned output increase despite pressure from major consumers to raise production more quickly. OPEC and its allies, together known as OPEC+, agreed to increase oil production by 400,000 bpd from March according to a source. …
European stocks traded higher on the second day of February, continuing a strong start this month. Alphabet’s better-than-expected results helped to boost European stocks. The DAX in Germany gained 0.4%, and the CAC 40 in France added 0.3%. The U.K. FTSE 100 advanced 0.7%, while the pan-European STOXX 600 index gained 0.7%. Market gains are …
Strong Corporate Results Helped Boost European Stocks Read More »
Exxon Mobil reached formidable results in the last quarter of 2021. The oil giant’s revenue rose more than 80% year over year during the quarter amid a rebound in oil and gas prices. With the company now in a stronger financial position, Exxon Mobil said it will begin to buy back stock during the first …
On Wednesday, the euro climbed for a third straight day from a 20-month low last week. The euro rose on Wednesday after inflation in the eurozone hit a new record high, signaling that the European Central Bank’s aggressive monetary policy is starting to bear fruit. The single currency was trading at 1.1411 francs in early …
Google parent Alphabet announced a 20-for-1 stock split on Wednesday, which would create a stock currently valued at around $US1,050. On the news, Alphabet shares closed at $US1,082.50, up around 3%. Alphabet is the parent company of Google, which is the world’s most valuable company. Shares in the company were on a tear in 2017, …
Google parent Alphabet reveals a 20-for-1 stock split Read More »
The dollar dipped on Monday, registering its worst daily drop since November, as investors consolidated gains after hitting a one-and-a-half-year high on Friday in anticipation of a quicker pace of Fed rate rises. Following the Fed’s announcement last week that it plans to raise interest rates as soon as the March 15-16 policy meeting, Wall …
The Dollar Is Falling as The Current Run Comes to A Halt Read More »
The dollar sank on Monday, retreating from a one-and-a-half-year high reached on Friday, as hawkish remarks by a Federal Reserve member over the weekend pushed the yield curve to its flattest levels in three months. The Fed’s meeting last week signaled a rate hike in March. Hence, some investors believe officials are prepping the markets …
The Dollar Falls As The Yield Curve In The U.S. Flattens Read More »
U.S. stocks jumped for a second day on January 31, as investors snapped up some of the tech shares that have been battered all month. In spite of the two-day relief rally, the S&P 500 and the Nasdaq Composite posted their worst months since the onset of the pandemic. They suffered losses as investors braced …
Electric carmakers are working hard to sell their models. Chinese electric carmakers sold a lot of cars in 2021 and 2022. Interestingly, Xpeng and Nio saw deliveries dip in January versus the last month of 2021 but still higher compared to a year ago. Xpeng delivered 12,922 electric vehicles in the first month, a more …
Xpeng and Nio delivered thousands of electric vehicles Read More »
The dollar fell again, while the British pound and Aussie gained and recovered from an overnight drop. On Tuesday, the U.S. dollar fell while risk-sensitive currencies such as the Australian dollar recovered and the British pound rose. The Australian dollar recovered against its U.S. counterpart after the greenback dropped to its lowest level in almost …
Oil prices fell on Tuesday, staying close to a seven-year high hit last week, weighed by expectations of a rise in U.S. inventories, even though the prospect of a limited production hike by OPEC+ countries as well as solid demand growth lent support. The wider rally was expected to persist, nonetheless. The OPEC and its …
Oil Prices Declined On the First Day of February Read More »
China has assigned some cities and entities for trial blockchain applications, highlighting Beijing’s importance to this technology. China has named the areas where it will carry out its first government-backed blockchain trials. The move follows a government crackdown on cryptocurrency, banned in the country. Moreover, the trials are part of a wider initiative to boost …
There is no lack of factors that have the potential to affect oil prices. Oil prices rose on the last day of the month as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on course for their biggest monthly gain in almost a year. On Monday, Brent crude …
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