Author: FX
By Felix Light TBILISI (Reuters) -Many thousands of demonstrators gathered late on Saturday in Georgia’s capital Tbilisi, building barricades, breaking windows and setting off fireworks outside parliament, in protest against the government which called off talks to join the EU. Riot police responded by firing water cannon and tear gas into the crowds. The demonstrations were by far the biggest since the increasingly anti-Western ruling party was re-elected last month in a vote the pro-EU opposition says was rigged. At one point a small fire broke out in the parliament building, possibly caused by a firework. Protesters burned an effigy…
Executive reshuffles: CGC, ADSK, KSS and ANF Source link
whitemay/iStock Unreleased via Getty Images Update 1:01 p.m. EDT. Updates with response from HSBC. HSBC Holdings (NYSE:HSBC)(OTCPK:HBCYF) is about to begin looking for its next chair, Sky News reported Saturday. According to the report, the board of HSBC has hired headhunters to recruit Chair Source link
By Suleiman Al-Khalidi AMMAN (Reuters) -The Syrian army said on Saturday dozens of its soldiers had been killed in a major attack by rebels who swept into the city of Aleppo in the northwest, forcing the army to redeploy in the biggest challenge to President Bashar al-Assad in years. The surprise attack led by the Islamist Hayat Tahrir al-Sham has jolted the frontlines of the Syrian civil war that have largely been frozen since 2020, reviving fighting in a corner of the fractured country near the Turkish border. The army said it was preparing a counteroffensive to restore state authority.…
Michael M. Santiago For some, Black Friday kicks off the holiday shopping season, a period of time that Apple (NASDAQ:AAPL) is heavily dependent upon. And while some investors and analysts have expressed concern about the demand of the iPhone 16, Wedbush Securities has a Source link
BANGKOK (Reuters) – The death toll from the worst floods in decades in southern Thailand and northern Malaysia climbed to at least 12 on Saturday, authorities said, as tens of thousands of people were evacuated due to rising water levels in the past three days. In southern Thailand, the floods have impacted nearly 534,000 households, with the death toll climbing to nine from four reported on Friday and leaving thousands in 200 temporary shelters that have been set up in affected areas, the Department of Disaster Prevention and Mitigation said. The Chana district of Songkhla province suffered the worst floods…
China released its official PMIs for November and the numbers are a mixed bag as Beijing contemplates further stimulus for 2025:Manufacturing 50.3 vs 50.1 prior (50.2 was expected)Non-manufacturing 50.0 vs 50.2 priorComposite 50.8This is the second straight month of gains for the manufacturing index.On Friday, I highlighted fresh rumors about Chinese stimulus. This article was written by Adam Button at www.forexlive.com. Source link
Markets:JPY leads, USD lagsUS 10-year yields down 6 bps to 4.18%S&P 500 up 0.6%Gold up $13 to 2653WTI crude oil down $0.57 to $68.00Markets were surprisingly lively for a de facto US holiday. Bids were strong in risk assets, which got help from a report saying US restrictions on chip exports may not be as strict. At the same time, softer eurozone inflation numbers might have fuelled a broader bid in bonds.The Canadian GDP report also underscored a picture of a slowing global economy with rates that are needlessly high.At the same time, it’s tough to square slowing growth in…
Russell 2000 monthlyI love it when the month ends on a Friday, it’s so tidy. And there was plenty of love to go around in markets in November following the US election.Closing changes:S&P 500: +0.6%Nasdaq Comp: +0.8%DJIA: +0.4%Russell 2000: +0.65%Toronto TSX Comp: +0.3% (note that the TSX doesn’t close until 4 pm ET)On the week:S&P 500: +1.1%Nasdaq Comp: +1.1%DJIA: +1.4%Russell 2000: +1.5% (finally breaks the 2021 weekly closing high but not the intraday high)Toronto TSX Comp: +0.7%On the month:S&P 500: +5.8%Nasdaq Comp: +6.2%Russell 2000: +11.2%Toronto TSX Comp: +6.1%The big winner for November? Bitcoin, which rose 38%.As for the Russell 2000,…
The final week of November delivered a mix of significant market developments, despite the shortened U.S. trading week due to a major U.S. holiday. From Scott Bessent’s surprise nomination as Treasury Secretary to shifting sentiment in the Middle East, markets navigated through a complex web of political, economic, and geopolitical factors that tested trader conviction across asset classes, resulting in the only gains being found in the equity markets by the Friday close. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic…