Author: FX

© Reuters. FILE PHOTO: A local woman speaks on her mobile phone in a window of a residential building damaged by a Russian military strike, amid Russia’s attack on Ukraine continues, in Kherson, Ukraine December 1, 2022. REUTERS/Anna Voitenko By Dan Peleschuk and Herbert Villarraga KYIV/BAKHMUT, Ukraine (Reuters) -Air raid sirens rang across Ukraine as Russia unleashed more than 100 missiles on Thursday morning, according to a Ukrainian presidential adviser, and blasts were heard in several cities, including the capital Kyiv.”A massive air raid. More than 100 missiles in several waves,” presidential office adviser Oleksiy Arestovych wrote on Facebook (NASDAQ:),…

The over 1% drop in the S&P 500 yesterday saw a daily close below its 50.0 Fib retracement level of the swing higher from October, seen at 3,796. That has been a level limiting further downside in the past week, before we headed into the Christmas break.But as we move towards the turn of the year, sellers are taking charge and pushing the agenda, in search of the next downside leg for stocks.The double-top pattern around 4,100 has a downside target of around 3,760 and that will be the next level to be mindful of before we look towards the…

EUR/GBP struggles to extend pullback from 11-week high. US Treasury yields retreat from three-week top, EU bond coupons grind near 11-year high but Gilts stay depressed. Geopolitical fears from Russia join China Covid woes but lack of market participation, absence of major data bore momentum traders. EUR/GBP remains sidelined around 0.8825, after reversing from a nearly two-month high the previous day, as traders seek more clues amid the market’s indecision headline into Thursday’s London open. Even so, the cross-currency pair remains pressured as the geopolitical concerns surrounding Russia and fears of economic slowdown propel the Eurozone Treasury bond yields while…

© Reuters. FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. October 27, 2022. REUTERS/Carlos Barria (Reuters) -Twitter Inc suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features. Downdetector, a website that tracks outages through a range of sources including user reports, showed more than 10,000 affected users from the United States, about 2,500 from Japan and about 2,500 from the UK at the peak of the disruption. Reports of Twitter outages fell sharply by…

JP Morgan EUR/CHF outlook for the upcoming year:Stay short EUR/CHF in cashJPM are targeting:0.95 in Q1 20230.92 by the end of 2023JPM citing:CHF’s anti-cyclical properties and the SNB’s bullish policy regime shift for the currency point to further downside for EUR/CHF into 2023The CHF remains one of the best proxies of global growth, serving as a reliable hedge against lingering downside risks to the cycle next yearReal rate differentials and Switzerland’s sustained current account surplus remain bullish CHF tailwinds, particularly vs. EUR. Deleveraging flows should also be CHF-supportive. ADVERTISEMENT – CONTINUE READING BELOW Source link

As China re-opens its economy after three years of isolation notwithstanding the continued surged in COVID-19 cases, the rest of the world is bringing back restrictions on all arrivals from China. According to CNN News,  the US will require all travelers from China to show a negative Covid test result before flying to the country, effective from January 5. Meanwhile, Italy announced that it will commence testing all arrivals from China for Covid and urges European Union countries to follow suit, after the 50% positive test rate on China flights in Milan. The Chosun Ilbo, a South Korean daily, reported…

Prykhodov Courtside Group, which is doing business under the name PodcastOne (PODC), has filed for a direct listing of its shares on Nasdaq. The podcast platform and publisher, which is being spun out of LiveOne, said in a filing that registered shareholders intend to offer up to 6.2M of its shares. LiveOne plans to distribute an additional 1.3M shares as a special dividend to shareholders. The reference price and timing of the listing were not disclosed. PodcastOne hopes to list its shares on Nasdaq under the symbol PODC. PodcastOne will not see proceeds from the sale of shares by registered…

George Frey Generac (NYSE:GNRC) shares jumped 5.6% on Wednesday as Janney Montgomery analyst Sean Milligan started coverage at Buy. He explained that the stock’s steep slide in 2022 has left it undervalued, especially given its growth levers. This includes home devices and battery offerings to supplement its generator business. “Despite near-term headwinds, the core business exhibits secular growth trends,” Milligan wrote. “Having spent a total of $902M on 13 acquisitions since 2019, Generac (GNRC) now has a roadmap to deliver a complete suite of residential solar and storage products to the market.” He assigned a $160 price target to the…

© Reuters. FILE PHOTO: U.S. Rep. Jamie Raskin announces criminal referrals against former U.S. President Donald Trump being sent to the U.S. Justice Department by the committee during the final public meeting of the U.S. House Select Committee investigating the Janu By Gram Slattery WASHINGTON (Reuters) – Jamie Raskin, a Democratic U.S. representative who rose to prominence as the lead manager for former President Donald Trump’s second impeachment trial, has been diagnosed with cancer, he said on Wednesday. “After several days of tests, I have been diagnosed with Diffuse Large B Cell Lymphoma, which is a serious but curable form…

South Korea November data:industrial output s/adj +0.4% m/m (expected -0.8%, prior -1.7%) industrial output -3.7% y/y (expected -4.0%) service sector output s/adj -0.6% m/m retail sales s/adj -1.8% m/m, a third consecutive monthly dropSouth Korea is often referred to as a bellwether for the global economy. The rebound in IP in November is welcome, but I’d suggest that with COVID cases surging in China, and associated disruption to staffing and therefore activity there, the next few months are likely to be rocky. Earlier re China:ADVERTISEMENT – CONTINUE READING BELOW Source link