Author: FX

© Reuters. FILE PHOTO: A person with a shopping bag of Zalando outlet walks along Kurfuerstendamm shopping street looking for bargains on the second weekend of advent in Berlin, Germany, December 3, 2022. REUTERS/Lisi Niesner/File Photo By Linda Pasquini and Chiara Holzhaeuser (Reuters) -German online fashion retailer Zalando on Wednesday forecast a return to growth this year and said it was opening up its logistics business to more players, raising hopes of a boost to its performance and helping to lift its shares. The stock jumped as much as 18.5% after the company also said late Tuesday it would buy…

© Reuters. On Wednesday, CEMEX (NYSE:CX), a global leader in the building materials industry, received reaffirmation from Citi on its stock rating and price target. The firm maintained a Buy rating on the company’s shares, with a set price target of $9.00. The focus of the analyst’s comments centered around the anticipation of CEMEX Day, scheduled for March 20, where key messages are expected to be delivered by the company. The upcoming CEMEX Day is anticipated to highlight the company’s capital allocation strategy, with an emphasis on balancing growth opportunities and further debt reduction to align with industry standards, particularly…

© Reuters. U.S. President Joe Biden speaks to reporters upon his return to Washington, at Joint Base Andrews in Maryland, U.S., March 11, 2024, REUTERS/Kevin Lamarque By Andrea Shalal and Nandita Bose MILWAUKEE (Reuters) – U.S. President Joe Biden visited the political battleground state of Wisconsin on Wednesday after clinching the Democratic Party’s nomination, and focused on hunting for votes among suburban women, Black voters and Latinos across the Midwest. Biden announced over $3 billion in infrastructure investments in disadvantaged communities across 40 states, which will be funded through the bipartisan infrastructure law and the Inflation Reduction Act He said…

© Reuters. On Wednesday, Baird, a financial services company, raised its rating on shares of Texas Roadhouse (NASDAQ:) from Neutral to Outperform and increased the price target to $175 from $160. The upgrade comes despite the stock approaching all-time highs, with Baird’s analyst citing the potential for further growth. The analyst pointed to Texas Roadhouse’s standout same-store traffic performance and progress in improving profitability in 2024 as key factors for the upgrade. These elements are expected to bolster positive investor sentiment and allow for premium valuation metrics on the company’s stock. The firm believes that these developments will support a…

© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris looks on from inside the House Chamber, ahead of U.S. President Joe Biden’s State of The Union Address on Capitol Hill in Washington, U.S., March 7, 2024. REUTERS/Tom Brenner/File photo By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. Vice President Kamala Harris on Friday plans to gather rapper Fat Joe and several people pardoned by the Biden administration for marijuana-related convictions for a White House public discussion about criminal justice reform. The meeting comes as Harris, a Democrat, is tasked with convincing people of color and young voters to give President Joe…

Share: MCD Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective.   Structure: Flat. Position: Wave (2) of 3.   Direction: Downside into wave C of (2). Details: After breaking ATH at 300$, we’ve seen a pullback which appears to be bullish corrective. We are therefore looking for continuation higher once the pullback is complete. XOM Elliott Wave technical analysis – Daily chart In our analysis, we identify a counter trend function characterized by corrective mode and a flat structure. Positioned in Wave (2) of 3, our attention is on the downside movement into wave C of (2). Despite…

GBP/USD and FTSE 100 Analysis and ChartsUK economy expands by 0.2% in January,GBP/USD remains below 1.2800.FTSE 100 bumping into multi-month resistance.​Most Read: British Pound Latest: UK Labor Market Cools, GBP Steadies, FTSE 100 Probes HigherAccording to the latest Office for National Statistics data, the UK economy expanded by 0.2% in January, but contracted by 0.1% in the three-month period to January 2024. UK GDP is also estimated to have fallen by 0.3% in January 2024 compared with the same month last year.Office for National Statistics Monthly GDP EstimateGBP/USD is treading water after two days of losses. Cable hit a multi-month…

BSR REIT reports Q4 results Source link

© Reuters. FILE PHOTO: Russia’s President Vladimir Putin attends a ceremony to launch production facilities in Russian regions held via video link in the Stavropol region, Russia, March 5, 2024. Sputnik/Mikhail Metzel/Pool via REUTERS/File Photo By Guy Faulconbridge and Lidia Kelly MOSCOW (Reuters) -President Vladimir Putin warned the West on Wednesday that Russia was technically ready for nuclear war and that if the U.S. sent troops to Ukraine it would be considered a significant escalation of the war. Putin, speaking just days before a March 15-17 election which is certain to give him another six years in power, said the…

Missed the gold rush lately? The precious metal has staged one upside break after another, boosted by a combination of risk-taking and dollar weakness in the past few days. But now I’m seeing signs of a pullback on the 4-hour chart of XAU/USD, so better keep these levels on your radar! Gold (XAU/USD) 4-hour Chart by TradingView If you’ve been feeling left behind by the gold rallies these days, you’re not alone! Market players have been watching closely as the commodity had been breaking one record high after another, and it looks like the time for a correction is finally…