Author: FX
Week Ahead 4th – 8th MarchMon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb),Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb)Wed: BoC Announcement, Australian GDP (Q4), German Trade Balance (Jan)Thu: ECB Announcement, Japanese Wage Data, Chinese Trade Balance (Feb)Fri: German Industrial Output and PPI (Jan), EZ GDP Revised (Q4), US Jobs Report (Feb), Canadian Jobs Report (Feb)Sat: Chinese Inflation (Feb)Sun: Japanese GDP (R)Note: Previews are listed in day orderChina two-sessions (Mon/Tue): China’s political elite and…
herkisi The sheer size and dominance of the “Magnificent 7” club has been well documented, especially in light of their outsized role in Wall Street’s current bull run. Every member sans Tesla (TSLA) sits comfortably above $1T in market capitalization today. But that $1T club could soon have some new members, and in a rarity, they would be the first non-technology entrants. The companies are Warren Buffett’s sprawling conglomerate Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) and drugmaker Eli Lilly (NYSE:LLY). Berkshire (BRK.A) (BRK.B) has slowly and steadily grown in size. The legacy company was founded in 1839 as a textile manufacturer until…
© Reuters. Kinaxis Inc. (KXS), a leader in supply chain management solutions, reported robust financial results for the fourth quarter of fiscal 2023, with a 24% annual increase in Software as a Service (SaaS) revenue and a record free cash flow exceeding $75 million. The company also achieved an adjusted EBITDA margin of 18% and highlighted the launch of new offerings and AI- and ML-powered capabilities. Kinaxis anticipates continued focus on profitability and reaching a midterm adjusted EBITDA margin goal of over 25%.Key TakeawaysKinaxis Inc. experienced a 19% SaaS revenue growth in Q4 and attained a 24% increase annually.Adjusted EBITDA…
Warning: SDVKY is at high risk of cutting its dividend Source link
5/5 © Reuters. A view shows a damaged multi-storey residential building following an alleged drone attack in Saint Petersburg, Russia, March 2, 2024. REUTERS/Stringer 2/5 ST PETERSBURG (Reuters) – Two buildings were damaged and people were evacuated in Russia’s St Petersburg on Saturday morning after local residents reported a loud explosion that blew out windows. St Petersburg Governor Alexander Beglov said “an incident” had taken place in the city’s north-eastern district of Krasnogvardeyskiy. There were no casualties, but residents were evacuated from their apartments, Beglov said, without explaining the cause of the incident or its nature. Reuters video taken at…
Alex Wong/Getty Images News Fisker (NYSE:FSR) is in talks with Japan’s Nissan Motor (OTCPK:NSANY) in an effort to try to save the stuggling electrical vehicle maker, according to media reports. Nissan (OTCPK:NSANY) may invest as much as $400 million in Fisker’s truck platform and build Fisker’s planned Alaska pickup starting in 2026 at one of its U.S. assembly plants, according to a Reuters report on Friday, which cited people familiar the matter, A deal could close this month, according to the Reuters report. The term sheet is ready and the transaction is going through due diligence, one of the sources…
3/3 © Reuters. Presidential candidate of the ruling Morena party Claudia Sheinbaum speaks next to Tatiana Clouthier and MORENA’s president Mario Delgado, during a conference to introduce her campaign team in Mexico City, Mexico, February 29, 2024. REUTERS/ Quetzalli Nic 2/3 By Diego Oré and Adriana Barrera MEXICO CITY (Reuters) -Mexico’s presidential candidates started their campaigns on Friday for elections on June 2, with the ruling party candidate leading in a race poised to crown a woman to lead Latin America’s second-largest nation for the first time. Former Mexico City Mayor Claudia Sheinbaum, running under a coalition led by current…
NZD was the biggest mover & loser this week, dropping big as the RBNZ shifted its policy bias, while JPY took the top spot on hawkish BOJ rhetoric. Source link
Share: Gold price catapults to $2,088.33, marking a significant rally in response to US economic reports and bond yield dynamics. Mixed manufacturing PMI reports fuel Gold’s ascent with ISM data indicating contraction in US manufacturing sector. Declining US Treasury yields bolster Gold’s attractiveness, pushing XAU/USD to new year-to-date peak. Gold price soars to a new year-to-date high of $2,088.33 in Friday’s North American session, following the release of mixed economic data, as S&P Global revealed the economy in the United States is expanding. On the other hand, the Institute for Supply Management (ISM) reported that manufacturing activity is…
Markets:Gold up $40 to $2083US 10-year yields down 6.8 bps to 4.18%WTI crude oil up $1.51 to $79.78S&P 500 up 0.8%, Nasdaq up 1.1%Bitcoin up 2.1% to $62,750AUD leads, JPY lagsHappy Friday. It certainly was for the market as a trio of soft second-tier US economic data releases combined to add a dose of dovishness to the market and send the Nasdaq above the 2021 high.Before the data, some worry was creeping into the market and the US dollar was bid. Comments from Barkin struck a hawkish note and with Waller on the schedule after him, there was some worry…