Author: FX

UPCOMING EVENTS:Monday: China PMIs, EZ GDP, EZ CPI.Tuesday: RBA Policy Decision, EZ Unemployment Rate, US ISM Manufacturing PMI, US Job Openings.Wednesday: NZ Jobs Report, US ADP.Thursday: Swiss CPI, BoE Policy Decision, US Jobless Claims, US ISM Services PMI.Friday: US NFP, Canada Jobs Report.Monday: The Eurozone CPI Y/Y is expected to print at 5.3% vs. 5.5% prior, while the M/M reading is seen at 0.3% vs. 0.3% prior. The Core CPI Y/Y is expected at 5.4% vs. 5.5% prior, while there’s no expectation at the moment for the Core M/M figure, although the prior reading saw a 0.4% increase. It’s worth…

© Reuters. Pope Francis attends the mass for World day for Grandparents and the Elderly in St Peter’s Basilica, at the Vatican July 23, 2023. REUTERS/Guglielmo Mangiapane/File Photo By Alvise Armellini VATICAN CITY (Reuters) -Pope Francis on Sunday called on Russia to reverse its decision to abandon the Black Sea grain deal, under which it had allowed Ukraine to export grain from its seaports despite the ongoing war. “I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely,” Francis said during his weekly Angelus…

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

Commissioner Hester Pierce of the United States Securities and Exchange Commission (SEC) has raised concerns about the agency’s recent statement advising accounting firms against taking on non-audit work for crypto firms. In a July 28 tweet, Pierce challenged the recent statement by the SEC’s chief accountant Paul Munter, proposing that accounting firms adopt an all-or-nothing approach in their dealings with crypto firms. Pierce believes this might cause crypto firms to shy away from making good-faith efforts to be transparent. Continue Reading on Coin Telegraph Source link

kckate16 The Biden administration issued a proposal this week directing automakers to raise the fuel economy of their vehicles to a fleet-wide average of 58 miles per gallon by 2032, as it seeks to cut greenhouse gas emissions and reduce the use of fossil fuels. The proposed rule released by the National Highway Traffic Safety Administration would be applicable beginning in model year 2027 and ramp up through model year 2032. Among the range of options on which the agency is taking public comment, the NHTSA’s preferred alternative would increase Corporate Average Fuel Economy requirements by 2%/year for passenger cars…

© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris meets with Israeli President Isaac Herzog (not pictured) in her ceremonial offices at the Eisenhower Executive Office Building in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo By Jarrett Renshaw BOSTON (Reuters) – Vice President Kamala Harris has shown a punchy side during a tour of nearly a dozen U.S. states in recent weeks, attacking Florida Governor Ron DeSantis for backing “revisionist history” about slavery, telling Iowa healthcare workers to rebel against the state’s new restrictive abortion laws and rallying Latinos in Chicago to fight “extremist” Republicans. On Saturday, Harris, the…

Apellis says 'no indication' vision drug has led to eye inflammation Source link

SOXS, YINN and YANG among ETF weekly movers Source link

© Reuters. FILE PHOTO: A employee counts Colombian pesos at a store in Bogota, Colombia December 28, 2018. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Colombia’s government on Saturday presented a budget proposal worth 502.6 trillion pesos ($127.8 billion) for 2024 to Congress, 19% greater than this year, the Finance Ministry said, an amount that would be the country’s highest if approved. Congress must greenlight the government’s budget by Oct. 20. The proposal includes spending 94.52 trillion pesos for servicing debt, and 97.75 trillion pesos for investment. “The 2024 budget is realistic,” the finance ministry said in a statement. Government ministers worked…

BRENT CRUDE OIL ANALYSIS & TALKING POINTSUS core PCE dampens hawkish rhetoric.China and US economic data in focus next week.How long can bulls sustain this upside? Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE OIL FUNDAMENTAL BACKDROPCrude oil prices (WTI and Brent) have extended its upside rally to end the week on levels last seen in mid-April 2023. The move was sparked by multiple factors but primarily the weaker U.S. dollar Friday’s miss on both core PCE price index and Michigan consumer sentiment data. Core PCE also known as ‘the Fed’s preferred measure of inflation hit 4.1%…