Author: FX
2/2 © Reuters. FILE PHOTO: Ukraine’s President Volodymyr Zelenskiy attends a phone call with Britain’s Prime Minister Rishi Sunak, amid Russia’s attack on Ukraine, in Kyiv, Ukraine January 14, 2023. Ukrainian Presidential Press Service/Handout via REUTERS 2/2 By Tom Balmforth KYIV/BERLIN (Reuters) -Ukrainian President Volodomyr Zelenskiy said his government was expecting “strong decisions” from defence leaders of NATO and other countries meeting on Friday to discuss boosting Ukraine’s ability to confront Russian forces with modern battle tanks. The meeting at Ramstein Air Base in Germany is the latest in a series since Russia invaded Ukraine nearly 11 months ago, and…
JPMorgan strategist Marko Kolanovic in a note issued Thursday, says lower for US equity prices.His analyst team’s outlook is for further weak data, weak earnings, Fed rates staying elevated. We think that recession is currently not priced in equity marketsWe do not agree with the argument that because a recession is consensus…the market and economic outcome have to be better Kolanovic cites:the recent weakening of economic data (e.g. ISM, industrial production, regional surveys, retail sales, etc.)anticipated decline in earnings expectations this economic slowdown and weakening corporate fundamentals are happening in an environment where interest rates are very high (Fed Funds…
CHUNYIP WONG/E+ via Getty Images Environmental groups sued the U.S. government Thursday to overturn its approval of Enterprise Products Partners’ (NYSE:EPD) proposed deepwater oil export facility off the Texas Gulf Coast, saying it was a pollution threat. The U.S. Maritime Administration, part of the Department of Transportation, failed to adequately assess the risk of oil spills and harm to species when it approved the export terminal in November, the environmental groups said. The agency had determined that construction of the Sea Port Oil Terminal would reduce the number of ship-to-ship transfers of crude oil and lessen emissions from conventional crude…
On Friday, the Bank of Japan (BoJ) announced an unplanned purchases of the Japanese government bonds (JGBs) worth JPY 1.85 trillion. Key details BoJ offers to buy JPY500Bln 1-3 Year JPY575Bln 3-5 Year JPY575Bln 5-10 Year JPY200Bln 25+ Year. Market reaction At the time of writing, USD/JPY is consolidating gains below 129.00, adding 0.28% so far. Source link
sanjeri/E+ via Getty Images Update 8:15pm: Adds Exelixis comment. Exelixis (NASDAQ:EXEL) had a mixed ruling in its Cabometyx patent trial versus MSN Laboratories. Exelixis rose 2.8% in after hours trading. The judge in the patent case ruled that the 776 patent, which goes to October 2030, wasn’t infringed, a defeat for Exelixis. On the 473 patent, the judge ruled that the patent was valid, according to the court opinion by Judge Richard Andrews. The 473 patent is valid until August 2026. “We are pleased the court upheld the validity of Exelixis’ cabozantinib compound patent,” Jeffrey Hessekiel, Exelixis’s general counsel said…
© Reuters. FILE PHOTO: A view of the U.S. Supreme Court building in Washington, U.S. October 3, 2022. REUTERS/Jonathan Ernst/File Photo By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court after an eight-month investigation failed on Thursday to identify who leaked a draft of its blockbuster ruling overturning the 1973 Roe v. Wade decision that had legalized abortion nationwide though the probe revealed multiple holes in security measures at America’s top judicial body. The leak – with the news outlet Politico publishing the draft ruling on May 2 – prompted an internal crisis at the court, ignited…
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Australian Dollar, AUD/USD, Dow Jones, Hawkish Fedspeak – Asia Pacific Market Open:Australian Dollar fell Thursday as risk aversion sank Dow JonesHawkish Fedspeak was a key driver, Asia-Pacific markets at riskAUD/USD remains above the 20-day Simple Moving Average Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Asia-Pacific Market Briefing – Australian Dollar Vulnerable to Risk AversionThe sentiment-linked Australian Dollar underperformed against its major counterparts over the past 24 hours. It began with a disappointing employment report, where Australia unexpectedly lost jobs in December as unemployment ticked slightly higher. While this may induce less-hawkish Reserve Bank of Australia policy expectations, the…
Reuters reported that Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pressures might be starting to cool off from torrid levels. “With inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to our 2% goal on a sustained basis,” Williams said in the text of a speech to be delivered before the Fixed Income Analysts Society in New York. “Bringing inflation down is likely to require a period…
AptarGroup declares $0.38 dividend Source link