Author: FX
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2/2 © Reuters. FILE PHOTO: The CBS broadcasting logo is seen outside their headquarters in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton 2/2 (Reuters) – CBS News said on Monday Ingrid Ciprian-Matthews, award-winning journalist and veteran news executive, has been named president, after Neeraj Khemlani stepped down from the position on Sunday. The network also appointed insider Wendy McMahon as president and CEO of CBS News and Stations and CBS Media Ventures. She had previously shared oversight of the divisions with Khemlani. Ciprian-Matthews, who has been with CBS News for 30 years, joined the company as a senior…
SlavkoSereda/iStock via Getty Images Energy logged Tuesday’s biggest stock sector decline, as U.S. oil futures slipped below $81/bbl in thin trading following another round of weak economic data out of China, which prompted surprise interest rate cuts by the People’s Bank of China. The latest data showed China’s industrial production rose 3.7% in July compared to a year ago, below the 4.4% increase analysts had expected, and real estate investment in July fell by 8.5% from a year ago, a greater decline than in June. Oil-specific data was more encouraging, as refiners processed 14.93M bbl/day of crude oil in July,…
A beefed up equity market forecast via a note from Jefferies Group, a US investment bank/financial services company headquartered in New York City.In summary, the equity researchers boosted their year-end target for the benchmark index, citing easing inflation, positive economic surprises and fading earnings downgrades:Our new base case for the S&P 500 year-end target is 4500 (previously 4050)Our bull case of 4850 (previously 4650) assumes FY24 EPS witness almost no cuts and PE of c.20x. … bear case of 3500 remains the same factoring in a dotcom like recessionFor the balance of this year, the analysts still see growth remaining…
Share: USD/JPY trades neutral at the 145.55 area after hitting a low of 145.10. US Retail Sales came in strong, and the markets bet on a hike by the Fed in November. Monetary Policies divergences weight on the JPY which couldn’t benefit from robust GDP data. On Tuesday, the USD/JPY traded flat while the USD seemed to consolidate. On the other hand, the JPY continues to trade vulnerable amid the extreme dovish stance of the Bank of Japan (BoJ) and monetary policy divergence between its peers. US Retail Sales revealed that the US economy is holding strong. The headline Sales increased…
Bri-Chem Non-GAAP EPS of $0.03, revenue of $25.2M Source link
Will this week’s Australian jobs numbers convince the Reserve Bank of Australia (RBA) to hike rates again? Here are major points you need to know if you’re planning on trading Australia’s labor market report this week: Event in Focus: Australia’s April Employment Data: Employment Change, Unemployment Rate When Will it Be Released: August 17, 2023 (Thursday) 1:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: 14,700 net jobs added for the month of July, lower than the 32.6K jobs added in June Unemployment rate to tick higher from 3.5% to 3.6%…
EUR/USD Price, Chart, and AnalysisEUR/USD powered back above the 1.09 mark having lost it in the previous sessionChinese surprise rate cut and some stronger US retail numbers might have been expected to support the US Dollar a little moreEurozone growth figures are now in focus Recommended by David Cottle How to Trade EUR/USD The Euro is back above the $1.09 handle in Tuesday’s European session, having slipped below that level on Monday for the first time since July.The currency has admittedly been at the mercy of non-Eurozone factors with some heavyweight Asian economic data largely serving to support the ‘USD’…
© Reuters. FILE PHOTO: Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023. REUTERS/Mike Segar/File Photo By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has made some progress in its inflation fight, interest rates may still need to go higher to finish the job. “I’m not ready to say that we’re done,” Kashkari told the APi Group Global Controllers Conference in Minneapolis. But with inflation showing signs of slowing in recent…
The USDJPY is up for 6-days in a row. Will it be 7 or is it time for a correction. The high price did reach a topside target, which may give sellers a hope, but there is work to do. Find out what I am looking at and why in the video above. This article was written by Greg Michalowski at www.forexlive.com. Source link