Author: FX
Leon Neal Defense stocks were among the top five gainers, while airline stocks dipped following Hamas’ attack on Israel last weekend. The Industrial Select Sector (XLI) rose +0.96% for the week ending Oct. 13, while the SPDR S&P 500 Trust ETF (SPY) ticked +0.46% higher. Year-to-date, or YTD, XLI has gained +3.60%, while SPY has climbed +12.83%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +11% each this week. YTD, 3 out of these 5 stocks are in the green. Northrop Grumman (NYSE:NOC) +15.81%. The Falls Church, Va.-based…
© Reuters. FILE PHOTO: Colombian Finance Minister Ricardo Bonilla, speaks during a press conference in Bogota, Colombia May 5, 2023. REUTERS/Luisa Gonzalez/File photo By Jorgelina do Rosario MARRAKECH (Reuters) – Colombian Finance Minister Ricardo Bonilla said on Saturday his ministry was working with the central bank towards cutting its benchmark interest rate from 13.25% to 13% at October’s policy meeting, with another reduction seen before year-end. “The expectation is for another cut in December,” Bonilla told Reuters on the sidelines of the World Bank and International Monetary Fund meetings in Marrakech. The central bank held the key rate steady at…
2/2 © Reuters. FILE PHOTO: Prime Minister and Labour Party Leader Chris Hipkins speaks at the New Zealand Labour Party’s election campaign launch event in Auckland, New Zealand, September 2, 2023. REUTERS/David Rowland/File Photo 2/2 By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s centre-right National Party led by Christopher Luxon will form a new government with its preferred coalition party ACT, after Labour leader Chris Hipkins conceded he could not form a government following the country’s general election. The National Party, now in opposition, had 40% of the votes while the ACT party had 9%, which based on the current tally…
EUR/USD ANALYSISFocus on China, Israel-Palestine and economic data.EUR/USD could re-test yearly lows at 1.0445.Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro ended the weak lower after the US dollar received support from escalating geopolitical tensions in the Middle East via its safe haven appeal. Should this trend continue, the proc-cyclical EUR/USD will likely extend its downside.US CPI and the Michigan consumer sentiment report…
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© Mundo Crypto PR The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot (BTC) fund. While many observers don’t believe the securities regulator will attempt to appeal the court’s decision, analysts say there could still be ways for the SEC to delay approval of Grayscale’s spot Bitcoin ETF conversion. Continue Reading on Coin Telegraph Source link
JHVEPhoto/iStock Editorial via Getty Images CVS Health (NYSE:CVS) confirmed Friday that the percentage of Aetna Medicare Advantage members enrolled in plans rated four Stars or higher is 87% for 2024. The company, which owns Aetna, said that the increase is due primarily to a half-star improvement in its Aetna National PPO plan, which climbed to 4 Stars from 3.5 Stars in the latest ratings, according to an SEC filing. CVS said that a decline in membership for 4+ Star plans for payment year 2024 resulted in a “mitigated 2024 headwind” of around $800M to $1B, due largely to the Star…
Vanit Janthra The U.S. Department of Energy unveiled Friday the seven initial recipients of $7B in federal grants to accelerate development of regional hydrogen hubs under the infrastructure law passed in 2021. The seven hubs will serve the Middle Atlantic, Appalachian, Midwest, Minnesota and Plains states, the Gulf Coast, Pacific Northwest and California. President Biden made the announcement in Pennsylvania, whose Mid-Atlantic hub will receive up to $750M in funding and will use existing oil infrastructure to produce hydrogen from both renewable and nuclear energy; project partners include PBF Energy (PBF) and Air Liquide (OTCPK:AIQUF) (OTCPK:AIQUY). The $1.2B Gulf Coast…
Along with continued speculation of future interest rates and economic growth outlooks, traders had to balance the terrible geopolitical news of terrorist attacks and war in the Middle East, prompting unusual behavior between the FX majors this week. Missed the major forex headlines? Here’s what you need to know from this past week’s FX action: USD Pairs Overlay of USD vs. Major Currencies Chart by TradingView After the initial safe haven pop to start the week due to the breakout of the Israel-Hamas war, the U.S. slowly fell lower into the red, likely due to traders further pricing in “peak rate”…
© Reuters. Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong attends “Google for Singapore”, an event celebrating the company’s 15th year in the country, at Google’s office, in Singapore August 23, 2022. REUTERS/Edgar Su WASHINGTON (Reuters) – Singapore’s deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic Framework for Prosperity (IPEF) discussions in time for next month’s Asia Pacific Economic Cooperation (APEC) summit. “We are working on how we can add substance to the different pillars of IPEF … We hope there will be something to announce by the time of…