Author: FX

Warning: BSBR is at high risk of cutting its dividend Source link

6/6 © Reuters. Law enforcement personnel surround a house in Bowdoin as they search for the suspect in the mass shootings in Lewiston, Maine, U.S., October 26, 2023. REUTERS/Shannon Stapleton 2/6 By Gabriella Borter LEWISTON, Maine (Reuters) -The man suspected of killing 18 people and wounding 13 in a shooting rampage in Lewiston, Maine, was found dead of a likely self-inflicted gunshot wound on Friday, ending a 48-hour manhunt that followed the most lethal episode of gun violence in the state’s history. The body of Robert R. Card, 40, was discovered in the woods near the neighboring town of Lisbon…

JHVEPhoto Pfizer (NYSE:PFE) is reportedly closing two facilities in the Raleigh, N.C., area as part of a cost-efficiency initiative. The drugmaker plans to shut its facility in Kit Creek and a clinical manufacturing facility in Durham. The company’s largest N.C. facilities, including two in Sanford and one in Rocky Mount, remain open, according to Raleigh news station CBS17. In September, Pfizer announced it had restarted production at its Rocky Mount plant, which had been badly damaged by a tornado in July. Source link

Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB’s decision to hold rates and scaled back positions for further hikes also weighs on EUR/JPY. The Euro (EUR) lost a step against the Japanese Yen (JPY) on Friday, on speculations that high inflation revealed by Japan with the Tokyo CPI surprisingly exceeding estimates, could motivate the Bank of Japan (BoJ) to normalize its monetary policy. That said, the EUR/JPY is trading at 158.06, down 0.48%. Euro loses ground against Yen following unexpected uptick…

Share: The US Dollar is trading soft against its rivals and seems to be consolidating the last session’s gains. The Core PCE from September matched expectations at 3.7% YoY. The US bond yields are mixed, while dovish bets on the Fed remain high. Focus now shifts to next week’s Fed decision. The US Dollar (USD) measured by the US Dollar Index (DXY) declined to 106.35, near the 20-day Simple Moving Average (SMA), and then recovered towards 106.60. Datawise, Personal Consumption Expenditures (PCE) figures from September showed no surprises, and investors seem to be taking profits after three consecutive…

Share: The S&P 500 is extending declines into a two-week stretch, down over 5% for the period. S&P index down over 10% from the July peak at $4,600, enters correction territory. US Equities mixed on Friday as recession fears, lopsided earnings reports drag on stocks. The Standard & Poor’s index marked in the second losing week in a row, entering correction territory after falling 10% from July’s high near $4,600. The S&P 500 index closed Friday down around 20 points, shedding half a percent close out at $4,117.37, with the Dow Jones Industrial Average sinking over 366 points…

Share: EUR/GBP bottomed at a low of around 0.8695 and then recovered toward 0.8715. The EUR traded firm on Friday after the ECB’s decision on Thursday to hold rates steady. Focus now shifts to next week’s BoE decision on Thursday, which is also expected to hold rates steady at 5.25%. At the end of the week, the EUR/GBP bulls did their job and defended the 200-day Simple Moving Average (SMA) at 0.8695 and cleared daily losses, jumping above 0.8700. On a weekly basis, the cross will tally a third consecutive week of gains despite facing selling pressure in the…

The Aussie dollar took the top spot this week, closely followed by the Japanese yen, both likely bid higher after strong inflation updates hit the wires from their respective countries. And unfortunately for Loonie bulls, the Canadian dollar was the biggest loser, likely driven lower by falling oil prices and net negative commentary from the Bank of Canada this week. USD Pairs Overlay of USD vs. Major Currencies Chart by TradingView The U.S. dollar was a net winner this week, continuing to find bids as a “safe haven” asset off of geopolitical fears, but also on net positive U.S. economic updates…

Eagle Financial Services declares $0.30 dividend Source link

Share: The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close. The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high. BoJ policy statement due next Tuesday, BoE rate call Thursday. The GBP/JPY twisted back into familiar low side territory for the week, capping off Friday’s trading just north of the 181.00 handle. The Guppy hit a fresh low for the week at 181.04 before catching a bounceback into 181.40 at the closing bell. The pair is now set to drift into next week’s central bank action, with…