Author: FX
Share: Crude Oil sees rough action on Thursday as geopolitics weigh on price. Odds are increasing of a negotiated ceasefire in Gaza. EIA, API Crude OIl barrel counts mix, show net drawdown. West Texas Intermediate (WTI) US Crude Oil fell back to around $74.00 per barrel on Thursday after an early spike into $79.00 as markets look for signs that global Crude Oil supply may begin to crack under rising global barrel demand. Progress on a ceasefire negotiation between Israel and Hamas being brokered in Qatar has energy prices leaning into the softer side as markets head into…
JPMorgan Active Bond ETF declares monthly distribution of $0.2013 Source link
Why Peloton (PTON) Stock Is Trading Lower Today What Happened: Shares of exercise equipment company Peloton (NASDAQ:) fell 20.8% in the morning session after the company reported second-quarter results with EPS falling below Wall Street’s expectation, though revenue beat by a narrow margin. However, revenue guidance for next quarter missed Wall Street’s estimates, with management highlighting that “our biggest challenge continues to be growth, at scale.” In addition, while the company previously expected to break even on a free cash flow basis in fiscal year 2024, it now expects to fall short of the goal and only generate positive free…
Prior month 0.4% revised to 0.9%Construction spending for December x.x% versus 0.5% expectedPrivate construction x.x% vs 0.7% last monthPublic construction x.x% vs -0.7% last monthDetails from the Census Bureau.Total Construction:Private Construction:Publis Construction: This article was written by Greg Michalowski at www.forexlive.com. Source link
Dow Jones, Nasdaq 100, Hang Seng Analysis and ChartsDow retreats from record highsThe index has fallen back from all-time highs and is currently testing trendline support from the mid-January low.In the short term, a break of support could test the area around 37,840, which was the late December high. Below this comes the 37,100 area that marked the low at the beginning of January.A close back above 38,500 would put the price on course to hit new record highs.DowJones Daily Chart of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 3% -6% -4%…
Share: WTI Oil finds a floor for now near $76 in a sensitive market. Oil traders were caught by surprise by the EIA build of stockpile by 1.234 million barrels. The US Dollar Index sees post-Fed gains evaporating in fading price move. Oil prices are finding a floor near $76, backed by the OPEC statement being released after the meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information…
BoE Stands Pat (Vote Split: 2 Hike, 6 Hold, 1 Cut)BoE keeps rates unchanged – MPC casts first vote for a rate cut but two hawks hold firm, voting for another hikeBoE forecast sees inflation fast approaching target only to turn higher until 2026 – dampening optimismGBP, 2-year Gilt yield and the FTSE perk up after the announcement Recommended by Richard Snow Get Your Free GBP Forecast MPC Casts First Vote to Cut but Two Hawks Hold Firm on Another HikeThe BoE held the UK benchmark rate steady but interestingly enough the Monetary Policy Committee, the bank’s decision-making body, appears…
1-800 FLOWERS.COM Non-GAAP EPS of $1.27 beats by $0.05, revenue of $822.1M misses by $4.36M Source link
EUR/USD Analysis and ChartsEUR/USD has been hit by a post-Fed bout of Dollar StrengthThe US Central Bank pushed back early rate-cut betsEurozone inflation suggests there won’t be any early move from the ECB either Recommended by David Cottle Get Your Free EUR Forecast The Euro continued to wilt against the United States Dollar on Thursday as the Federal Reserve’s commentary from the previous session gives the latter broad strength. A slight fall in Eurozone headline inflation had little impact on the pair, perhaps because the core rate topped forecasts.The US central bank left borrowing costs alone, as had been universally…
© Reuters. In a recent full-year report, H&M Group announced a CEO transition with Helena Helmersson stepping down and Daniel Erver stepping in. The company reported progress towards long-term goals, including supply chain improvements and cost control, leading to profitability. Despite global economic challenges, H&M experienced net sales growth in key markets and plans to optimize its store count by opening 100 new stores and closing 160 in 2024. Investments in digitalization, technology, and sustainability remain central to H&M’s strategy. The company aims for a 10% EBIT margin by 2024 and is implementing a cost and efficiency program to support…