Author: FX
JHVEPhotoTheratechnologies (NASDAQ:THTX) said there will be a shortage of its drug Egrifta SV on the patient level in mid-January due to the voluntary shutdown of a contract manufacturing facility last year. The Canadian company added that several U.S. pharmacies have reported Source link
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Robert DalyApartment Investment Management’s (NYSE:AIV) board will explore additional alternatives to further unlock shareholder value after it agreed to sell its Brickell Bay properties for ~$520M, the company known as Aimco said on Thursday. The expanded review will consider such options Source link
Mexican Peso faces pressure after Banxico’s dovish shift suggests larger, and possibly quicker, interest rate cuts. Mixed inflation data from INEGI maintains uncertainty, adding to Peso’s volatility in light trading conditions. Interest rate differential concerns increase as Banxico’s potential 150 bps cuts contrast with the Fed’s more conservative 57 bps easing outlook. The Mexican Peso loses some ground against the US Dollar on Thursday after the Banco de Mexico (Banxico) hinted that interest rates could be reduced faster in some meetings. This and the disinflation progress weighed on the Peso despite thin trading in observance of the funeral of former…
By Jarrett Renshaw (Reuters) – President Joe Biden’s administration expects to release short-term guidance on clean fuel tax credits on Friday and leave final decisions to President-elect Donald Trump’s incoming administration, according to two sources familiar with the plan. With the news, biofuel companies and their legislative backers will have to wait to see if Trump will back the plan on the highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries. Trump has vowed to repeal Biden’s 2022 Inflation Reduction Act, which launched the program, to pay for the extension of his…
The USDCHF is trading in a narrow range today (only 33 pips). However, the buyers remain in control after the bounce off support on Monday and gains over the last few days. The price had moved back into a swing area on the daily chart between 0.9112 and 0.9156. That area will need to be broken going forward to increase the bullish bias. A break above would target the 50% of the range since the 2022 high at 0.92395. That level also corresponds with swing highs from 2023 and 2024. Key target on the topside now. On the downside, the…
The US Dollar in tight range at current levels as inflation worries fade a touch. Inflation concerns are top priority, triggering a mini-crisis in UK Gilts. The US Dollar Index (DXY) hovers arond 109.00 in search of support. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat above 109.00 on Thursday while bond markets are easing down after an already volatile week. Yields surged across the globe after traders started to worry about all the plans President-elect Donald Trump wants to implement, e most of them perceived as highly inflationary. This has triggered widening…
Jan. 09, 2025 8:34 AM ETBy: Liz Kiesche, SA News EditorE4C/E+ via Getty ImagesA preliminary estimate of the Los Angeles wildfires are likely the costliest U.S. wildfire ever and puts the disaster among the nation’s most costly natural disasters, according to a media report. At least five people have died from the fires. Source link
Fundamental OverviewThe USD got a boost recently from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much though and Fed’s Waller yesterday kept the rate cuts hopes alive saying that the pace will be driven by inflation progress. Since the central bank has switched its focus back to inflation, the US CPI report next week should have a bigger influence on interest rates expectations than the US NFP tomorrow (barring big deviations).On…
China’s CPI inflation slowed for the fourth consecutive month to 0.1% y/y in Dec and was flat on a m/m comparison. The PPI deflation eased to -2.3% y/y in Dec while momentum eased to fall -0.1% m/m due to factors such as production offseason and international commodity price fluctuations, UOB Group’s Economist Ho Woei Chen notes.Weak price pressure led by decline in food prices“China’s inflation has remained subdued for the second straight year in 2024 with the headline and core inflation at 0.2% (2023: 0.2%) and 0.5% (2023: 0.7%) respectively. China’s PPI recorded its second full year contraction at -2.2%…