Author: FX
Share: Netflix (NFLX) decline from 7.20.2023 high is unfolding as a double three Elliott Wave structure. Down from 7.20.2023 high, wave (A) ended at 411.88 and rally in wave (B) ended at 445.25. Wave (C) lower ended at 398.15 which completed wave ((W)). Rally in wave ((X)) ended at 453.53 with internal subdivision as a zigzag strcuture. Up from wave ((W)), wave (A) ended at 437.02 and pullback in wave (B) ended at 404.50. Wave (C) lower took the form of a 5 waves impulse which ended at 453.53 as the 30 minutes chart below shows. This completed…
© Reuters. A screen displays the ticker symbol for International Game Technology PLC, (IGT) at the post where it is traded following it’s launch on the floor of the New York Stock Exchange April 7, 2015. REUTERS/Brendan McDermid/File Photo (Reuters) -Private equity giant Apollo Global Management (NYSE:) is among the potential suitors seeking to acquire International Game Technology (NYSE:)’s global gaming division, Bloomberg News reported on Wednesday. IGT’s gaming unit could fetch $4 billion to $5 billion in a sale, including debt, the report said, citing people with knowledge of the matter. Apollo Global did not immediately respond to a…
Justin Sullivan/Getty Images News The California Public Utilities Commission released two proposed decisions Wednesday in response to PG&E’s (NYSE:PCG) request for new safety and reliability investments in its service area. PG&E (PCG) requested a revenue requirement of $15.4B for 2023, but the CPUC’s proposed decision and alternate proposed decision lowered the amount by $1.6B and $2.1B, respectively. The regulator said the proposed decisions, which are part of PG&E’s (PCG) General Rate Case covering operational and infrastructure costs for 2023-26, strike a balance between strengthening the electric grid for the future and affordability. The CPUC is expected to vote on the…
Caixin report on one of China’s megacities, Shenzen, rolling back some of the nation’s strictest limits on home purchases: The city of 17.6 million people introduced a series of measures starting in 2016 aiming to blunt skyrocketing housing prices and speculationIn late August, Shenzhen adjusted the definition of first-home buyers to allow more people to qualify for lower mortgage rates and lower down payments. Last week, the city partly scrapped a long-time restriction and allowed residents from Hong Kong and Macao to invest in nonresidential properties. Under the latest measures, Shenzhen will no longer disqualify nonresidents from buying a home…
Share: USD/PLN declined by more than 0.70% towards the 4.3000 level. Polish government showed concerns about the zloty weakness and added that it should be considered. The USD is holding its foot after inflation figures from August. The USD/PLN declined towards the 4.3000 level, as Polish policymakers have pointed out that they will consider the zloty weakness in the next monetary policy decisions. Pawel Borys, a senior aide to Prime Minister Morawiecki, was the one who expressed concerns about the weakening of the currency beyond what he considered below the “optimal” as the USD/PLN rose by more than 4%…
NorthWestern goes ex-dividend tomorrow Source link
Can the ECB squeeze in one more interest rate hike for the road? Or are they done tightening this time? Here’s what market watchers are expecting for the September ECB decision and how the euro might react. Event in Focus: European Central Bank (ECB) Monetary Policy Statement When Will it Be Released: September 14, Thursday: 12:15 pm GMT ECB President Lagarde will conduct a presser 30 minutes later. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Odds seem to slightly lean towards the ECB hiking the interest rate from 4.25% to 4.50% ECB…
(Reuters) – Goldman Sachs Asset Management has appointed Anupam Damani and Lindsay (NYSE:) Rosner as managing directors to its fixed income and liquidity solutions business, a memo seen by Reuters showed on Wednesday. Damani previously was the head of international and emerging markets debt at Nuveen, the asset management arm of insurance company TIAA. Rosner joins the Wall Street giant from investment management firm PGIM, a unit of Prudential Financial (NYSE:). She was a portfolio manager at PGIM’s fixed income multi-sector portfolio management team. The latest appointments come at a time when there has been lot of executive movements on…
US DOLLAR ANALYSIS AFTER US INFLATIONThe U.S. dollar, as measured by the DXY index, advanced modestly on Wednesday following somewhat mixed U.S. inflation figures.Headline CPI rose 0.6% on a seasonally adjusted basis in August, pushing the 12-month reading to 3.7% from 3.2% previously, one-tenth of a percent above consensus estimates. Meanwhile, the core gauge, which tends to reflect longer-term trends in the economy, climbed 0.6% monthly and 4.3% compared to the previous year, closely aligning with Wall Street’s projections in both instances.US INFLATION DATA AT A GLANCESource: DailyFX Economic CalendarToday’s data had little impact on market pricing for the September…
Prior was -6307KGasoline +5560K vs +237K expectedDistillates +3931K vs +1303K expectedRefinery utilization +0.6% vs -0.4% expectedProduction estimate 12.9 mbpd vs 12.8 mbpd priorImpld mogas demand: 8.31 mbpd vs 9.32 mbpd priorThat’s a big drop in the weekly gasoline demand number but it’s not a huge surprise given the usual post-Labor Day decline and the volatility in the numbers.API data released earlier showed:Crude +1174KGasoline +4210KDistillates +2592KWTI crude oil was down 16-cents before the data. Source link