Author: FX

baona/E+ via Getty Images SLB (NYSE:SLB) said post-market on Tuesday it is reaffirming FY 2024 financial guidance and that its forecast for “significant growth for 2024” in Saudi Arabia remains intact. SLB (SLB) shares closed -7.2% in regular trading after Saudi Aramco was ordered by the government to stop plans to expand its oil production capacity, sparking concerns that the decision could reflect a change in Saudi Arabia’s outlook for global oil demand and be followed by reduced capital investment. “We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects…

© Reuters. FILE PHOTO: Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo By Gibran Naiyyar Peshimam and Ariba Shahid ISLAMABAD (Reuters) -A court in Pakistan jailed Imran Khan for 10 years on Tuesday for leaking state secrets, the harshest sentence the popular former prime minister and cricket superstar has received and one announced just days before a general election. The special court found Khan, 71, guilty of making public the contents of a secret cable from Pakistan’s ambassador in Washington to the Islamabad government,…

Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. He also spoke on Monday with broadcaster SRFSome of his remarks ICYMI: “Our expectation is that inflation went up, because of the VAT increase and electricity prices” “But it shouldn’t go above 2%. That’s the base scenario” this year inflation should average below 2%The data for January Swiss consumer-price data are due on February 12. The CPI has been within the SNB 0%-2% target range since June. June was also the month when rates were last hiked. The consensus expectation is for…

Share: GBP/JPY rebounds from low, buoyed by changing market sentiments and central bank rate speculations. Break above Tenkan-Sen (187.72) may signal uptrend, eyeing recent high at 188.91, with 188.00 as pivotal. Downside risks if below 186.51; potential supports at 185.77, key 185.00 level, and 184.47 low. The British Pound (GBP) pares earlier losses against the Japanese Yen (JPY) on Tuesday, even though data eased the pressure off the Bank of England (BoE) to keep interest rates higher. Therefore, the GBP/JPY cross-pair trades at 187.34 after hitting a daily low of 186.51. From the daily chart perspective, the GBP/JPY…

Jan. 30, 2024 2:09 PM ETPTEN, HP, SLB, WFRD, LBRT, PUMP, BORR, BROG, ACDCBy: Vansh Agarwal, SA News Editor hxdbzxy/iStock via Getty Images Gainers: Helmerich & Payne (HP) +14%. Liberty Energy (LBRT) +7%. Patterson-UTI Energy (PTEN) +7%. ProFrac Holding (ACDC) +6%. ProPetro Holding (PUMP) +6%. Losers: Borr Drilling (BORR) -12%. Weatherford International (WFRD) -10%. Brooge Energy (BROG) -10%. Schlumberger (SLB) -8%. S&P 500 Energy Sector +0.55% to 646.05. Energy Equipment & Services -5.18% to 308.37. Oil, Gas & Consumable Fuels which contributes 91.3% to the index is +1.11% to 724.56. More on Energy Select Sector SPDR ETF Source link

© Reuters. Satellite view of the U.S. military outpost known as Tower 22, in Rukban, Rwaished District, Jordan October 12, 2023 in this handout image. Planet Labs PBC/Handout via REUTERS By Raneen Sawafta, Fadi Shana and Nidal al-Mughrabi WEST BANK/GAZA/DOHA (Reuters) -Hamas said on Tuesday it had received and was studying a new proposal for a ceasefire and release of hostages in Gaza, presented by mediators after talks with Israel, in what appeared to be the most serious peace initiative for months. A senior Hamas official said the proposal involved a three-stage truce, during which the group would first release…

NASDAQ 100, USD/JPY, GOLD FORECASTThe Fed’s monetary policy announcement will steal the spotlight on WednesdayNo interest rate changes are expected, but the central bank is likely to update its forward guidanceThis article analyzes the technical outlook for gold prices, USD/JPY and the Nasdaq 100 Recommended by Diego Colman Forex for Beginners Most Read: Gold Price Forecast – Fed Decision to Guide Trend, Critical Levels For XAU/USDThe Federal Reserve is set to unveil its first monetary policy decision of the year this Wednesday. This high-profile event is likely to trigger higher-than-normal volatility in the upcoming trading sessions, so traders should be…

It sounds like the bombs will be flying imminently.The question here is whether Biden bombs anything in Iran directly and how hard. If the bombs are only in the Syria and border region then I don’t think this will amount to much.However the US military isn’t exactly known for having a light touch so we’ll wait and see.Update: Iran is responsible for supplying the weapons in the attack This article was written by Adam Button at www.forexlive.com. Source link

Share: Gold price jumps further on deepening Middle East tensions. Investors brace for Fed policy decision and US labor and Manufacturing PMI data. Fed’s outlook on interest rates will be in focus. Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border. Still, the precious metal could turn sideways as investors await the interest rate decision by the Federal Reserve (Fed), which will be announced on Wednesday. Traders see the Fed…

pastorscott/E+ via Getty Images Malibu Boats (NASDAQ:MBUU) sank in early trading after posting soft FQ2 results and warning on wavering retail demand. For FQ2, sales decreased 37.7% year-over-year to $211.1M. Unit volume fell 43.7% to 1,373 units. Gross profit declined 50.5% to $37.5M. Net income was down 72.1% to $10.1M. Adjusted EBITDA decreased 60.2% to $22.9M. “Our second quarter results, historically our slowest time of the year, were impacted by weak retail demand,” noted CEO Jack Springer. The decrease in sales for Malibu Boats (MBUU) was driven primarily by decreased unit volumes across all segments resulting primarily from decreased retail…