Author: FX

© Reuters. FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/David D By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried should be made public, but put his ruling on hold pending an expected appeal. U.S. District Judge Lewis Kaplan in Manhattan ruled in favor of several media…

Stocks lost ground on Monday, as investors booked profits after last week’s advance. The slide came ahead of a busy week that includes the Federal Reserve’s interest rate decision and a flood of high-profile earnings reports. The Nasdaq led the retreat, falling by about 2%. The decline included a bout of profit-taking in the EV sector. Price cuts from Ford (F) prompted selling throughout the sector. This included slides in GM (GM), Tesla (TSLA), Fisker (FSR) and Rivian Automotive (RIVN). Chinese stocks also took a step lower. Alibaba (BABA) ranked among the decliners, falling amid reports that the company might…

> Japan preliminary December Industrial Production -0.1% m/m (expected -1.2%) more to come ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link

SlavkoSereda/iStock via Getty Images Energy (NYSEARCA:XLE) was Monday’s poorest performer among the S&P 11 stock market sectors, -2.3%, as oil prices faded ahead of the OPEC+ meeting later this week, with traders appearing reluctant to press positions ahead of the Wednesday meeting of the Joint Ministerial Monitoring Committee, which reviews the oil market. Front-month Nymex crude (CL1:COM) for March delivery settled -2.2% to $77.90/bbl, and March Brent crude (CO1:COM) closed -2% at $84.90/bbl, extending declines from last week. Meanwhile, U.S. natural gas (NG1:COM) finished -6% to $2.677/MMBtu, its lowest settlement since mid-April 2021. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (DBO), (DRIP),…

Valeo Pharma reports Q4 results Source link

2/2 © Reuters. FILE PHOTO: A Gucci sign is seen outside a shop in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier 2/2 By Mimosa Spencer PARIS (Reuters) -Sabato De Sarno, newly appointed by Kering (EPA:) to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say – a delicate task, given the emphasis executives have also put on the label’s timeless appeal. De Sarno, a senior fashion designer from Valentino, is tasked as creative director with reviving the fortunes of the brand that accounted for two-thirds of Kering’s profits in 2021. An emphasis on classics…

PMIs from China are the focus of the data from the session. The manufacturing PMI is expected to have improved from December to show a slower pace of contraction in January. Worker absences due to illness were still an issue. Some calendars also list Chinese Industrial Profit data due at the same time. This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is…

Nasdaq 100, Liquidity, Volatility and FOMC Rate Decision Talking Points:The Market Perspective: Nasdaq 100 Bullish Above 12,300 and Bearish Below 11,500The Nasdaq 100 closed above the 200-day SMA for the first time in 203 trading days just this past week – ending the longest bear stretch in two decadesWith Monday trade, the NDX slipped right back below its 200-day SMA with little ceremony as markets balance risk before the Fed and other key events Recommended by John Kicklighter Get Your Free Equities Forecast As the saying goes ‘talk is cheap’. When it comes to markets, forging a technical event like…

Boarding1Now/iStock Editorial via Getty Images The Air Line Pilots Association announced on Monday that JetBlue Airways (NASDAQ:JBLU) pilots it represents have approved a two-year contract extension. The new contract entails a 21.5% pay hike over 18 months, as well as “other monetary improvements.” According to a press release, 75% of pilots participating in the vote moved to ratify the new, tentative agreement. “This contract extension provides unprecedented pay increases for JetBlue pilots across the board and recognizes the contributions of JetBlue pilots to the success of this airline, including the planned merger with Spirit Airlines,” said Capt. Chris Kenney, chair…

USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and reaches a new session high at 130.49, though slightly beneath the 20-day Exponential Moving Average (EMA), used as a barometer for short-term bias, which remains above the exchange rate. Therefore, the USD/JPY remains bearish despite trading at 130.49, above its opening price by 0.56%. USD/JPY…