Author: FX
Dec. 28, 2024 1:28 PM ETBy: Rob Johnson, SA News Editor Walter Bibikow The recent uptick in the inflation rate in the European Union could delay another rate cut by the European Central Bank, a member of the bank’s governing council was quoted as saying Saturday. In an interview with Austrian newspaper Kurier, Robert Source link
By Dave Graham ZURICH (Reuters) -The head of the World Health Organization said on Friday he was not sure he was going to survive an air strike on Yemen’s main airport carried out by Israel a day earlier during a series of attacks on the Iran-aligned Houthi movement. Speaking after his ordeal at the Sanaa International Airport on Thursday, WHO Director-General Tedros Adhanom Ghebreyesus said the explosions that rocked the building were so deafening that his ears were still ringing more than a day later. Tedros said it quickly became apparent the airport was under attack, describing people “running in…
Eli Lilly to end 2024 among best in Big Pharma; Novo among worst Source link
Investing.com — Morgan Stanley upgraded its view on consumer finance stocks to “attractive” given positive fundamentals and a friendlier regulatory environment. Key drivers include easing inflation, lower unemployment, and stable lending standards. Delinquencies, which slowed significantly in 2024, are expected to decline further in 2025. EPS growth for the sector is projected at 15%, marking the fastest pace in four years. The brokerage highlighted lighter regulatory pressure under a GOP-controlled government. Morgan Stanley (NYSE:) predicts the CFPB’s proposed late fee rule may not pass, boosting earnings for companies like Synchrony Financial (NYSE:) and Bread Financial. Morgan Stanley upgraded to Synchrony to…
By Nidhi Verma NEW DELHI (Reuters) – The body of Manmohan Singh, the former Indian prime minister whose death has sparked outpourings of grief at home and accolades from abroad, was cremated on Sunday on the banks of the Yamuna River in New Delhi with full state honours. The funeral was conducted in the Sikh tradition as priests chanted hymns, after Singh’s body, draped in the Indian flag, was carried through the capital on a flower-decked carriage pulled by a ceremonial army truck. The flag was removed and the body covered with a saffron cloth before it was placed on…
The Givonly SnR SnD R2 and Woodies CCI Arrows Oscillator Forex Trading Strategy combines two powerful tools in the world of forex trading to help traders identify optimal entry and exit points. The strategy merges the Givonly SnR SnD R2, a unique indicator that highlights key support and resistance levels along with supply and demand zones, and the Woodies CCI Arrows Oscillator, a refined version of the Commodity Channel Index (CCI) that gives traders a clear picture of market momentum. Together, these tools create a dynamic approach that helps traders take advantage of price fluctuations by confirming trends and spotting potential…
Treasury Secretary Janet Yellen fired off a warning shot to Congress today, flagging a critical debt ceiling timeline that could rattle markets in early 2025.Debt ceiling reinstates Jan 2Default risk window: Jan 14-23Treasury to deploy ‘extraordinary measures’ if neededThe timing adds another layer of complexity to an already heated political environment following the presidential inauguration. Markets have largely shrugged off previous debt ceiling standoffs, but the compressed timeline could spark volatility.”Extraordinary measures” – Treasury’s emergency toolkit – will kick in if Congress fails to act, but these are temporary fixes, for perhaps 4-6 weeks. The real test will be whether…
By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -President-elect Donald Trump has urged the U.S. Supreme Court to pause implementation of a law that would ban popular social media app TikTok or force its sale, arguing he should have time after taking office to pursue a “political resolution” to the issue. The court is set to hear arguments in the case on Jan. 10. The law would require TikTok’s Chinese owner, ByteDance, to sell the platform to an American company or face a ban. The U.S. Congress voted in April to ban it unless ByteDance sells the app by Jan.…
The Dow Jones lost 400 points on Friday. Holiday markets traded on the low side, Dow ended the week flat. Another midweek holiday next week will crimp market volumes. The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday. Most investors are still out of the markets on holidays and thin volumes have left the Dow Jones roughly a full percent lower. Holiday market flows are in full swing in equities, with a broad-base cooling effect in the long-run tech rally as investors pull up stakes and do some light profit-taking ahead of the rollover into…
NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since the pair broke above its 20-day Simple Moving Average (SMA). This move comes after a notable loss of ground prompted by a breakout from a sideways trading range between 90.00 and 92.00, underscoring the pair’s ongoing effort to regain its footing. Under the hood, the…