Author: FX
Calvin B. Taylor Bankshares declares $0.34 dividend Source link
© Reuters. FILE PHOTO: Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo By Nate Raymond, David Shepardson and Rajesh Kumar Singh BOSTON (Reuters) -A federal judge on Tuesday blocked JetBlue Airways (NASDAQ:)’ planned $3.8-billion acquisition of ultra-low-cost carrier Spirit Airlines (NYSE:) after agreeing with the U.S. Department of Justice that the deal was anticompetitive and would harm ticket buyers. JetBlue’s lawyers had called the case a “misguided” challenge to a merger of the nation’s sixth- and seventh- largest airlines, which combined would control 10.2% of a…
China’s economic ‘activity’ data for December 2023Misses for retail sales and industrial output. Investment came in better than (low) expectations:private sector fixed asset investment was -0.4% y/y while investment in infrastructure propped numbers up with +5.9% y/yMore:Urban Unemployment Rate 5.1% 2023 property investment dropped 9.6% y/yFor the energy traders, further confirmation of a bounce in demand from China, 2023 refinery output hit a record high, with fuel deamdn cited.— Source link
Share: On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1168 as compared to the previous day’s fix of 7.1134 and 7.1986 Reuters estimates. Source link
GOLD PRICE FORECASTGold prices slump, dragged lower by the rebound in U.S.Treasury yields and the strength of the U.S. dollarThe precious metal’s outlook is starting to become less bullishThis article looks at XAU/USD’s key levels to watch in the upcoming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Reclaims Throne; EUR/USD, GBP/USD, AUD/USD Tank as Sentiment SoursVolatility increased on Tuesday as U.S. markets reopened after Monday’s Martin Luther King, Jr. holiday. The trading session saw U.S. Treasury rates blast higher,…
Australia’s jobs report could be a good opportunity to catch quick pips on AUD pairs later this week. Will the December employment figures make or break RBA tightening hopes? Here’s what you need to know about the previous releases, what’s expected this time, and how the currency might react. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
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© Reuters. Quiver Markets Wrap Quiver Quantitative – In the recent market wrap, bond yields have experienced a notable increase amid skepticism over the Federal Reserve’s aggressive rate cut speculations. This shift comes as Wall Street resumes trading after the US holiday, with eyes keenly set on Federal Reserve policy updates. The speculation that the Fed may ease rates as early as March has led to a surge in US stock optimism, reaching its highest level since 2021, as indicated by a Bank of America Corp (NYSE:). survey. Despite this, fresh data on jobs and inflation, particularly the unexpected drop…
Crude futures are settling the day at $72.40. That is down $0.28 or -0.39%. The low price reached $71.74. The high price reached $73.53.The price action today was up-and-down, trading above and below its 100 and 200-hour moving average is in the process. The 200-hour moving average is at $72.51. The 100 hour moving average is at $72.62. At session lows today, the price tested an old trendline and bounced. That trendline was broken during Monday’s trade but quickly reversed. Today, the “old line” stalled the fall.Crude oil stalls at trend line support today.The declines today came despite increased tension…
Share: The Euro tumbled against the high-stepping US Dollar on Tuesday. ECB’s Senteno, Villeroy, and Nagel reiterate familiar policy stance. ZEW Economic expectations in Germany improved, because of rate cut hopes. The Euro (EUR) mixed on Tuesday, holding mostly steady against its peers but seeing steep declines against the US Dollar (USD). European Central Bank (ECB) officials continue to tow the company line, reiterating that it’s too soon for the ECB to pivot into rate cuts. Euro area data was thin on Tuesday, and markets will be focusing on headlines from the World Economic Forum (WEF) in Davos,…