Dollar Retreats Mildly after Import Price Miss, Still Set to Close the Week as Strongest
Dollar is set to close as the strongest one for the week, after today’s rally. Some setback is seen after import price index miss but the retreat is so far shallow. Yen is trading as one of the strongest alongside...
Morgan Stanley raises its price target on red hot WWE stock by nearly 70% to Street-high
World Wrestling Entertainment shares triple-digit return so far this year has much more to go, according to Morgan Stanley. The firm raised its price target for the media company to $100 from $58, representing 34 percent upside to Thursday’s close....
Goldman Sachs says cybersecurity stocks could get a boost from fears of meddling in the midterm elections
Cybersecurity stocks present a compelling short-term bet for investors ahead of the 2018 midterm elections, Goldman Sachs advised clients Thursday. Pointing to an expected uptick in security spending in the run-up to November, analyst Arjun Menon told clients that the...
British Pound Slips over White Paper Blues
The British pound has posted considerable losses in the Friday session. In North American trade, the pair is trading at 1.3150, down 0.42% on the day. The pair is at its lowest level since July 3. It’s a quiet end...
US import prices unexpectedly drop in June
U.S. import prices unexpectedly fell in June after rising sharply a month earlier. Import price fell 0.4 percent in the month. Import prices were forecast to rise 0.1 percent in June, after climbing 0.6 percent a month earlier. Get the...
PNC shares gain after higher commercial lending leads to better-than-expected earnings report
Shares of PNC Financial Services ended trading Friday up 0.2 percent after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC...
USD/CAD – Canadian Dollar Dips, US Consumer Confidence Next
The Canadian dollar has posted losses in the Friday session, erasing the gains from the Thursday session. Currently, USD/CAD is trading at 1.3197, up 0.31% on the day. There are no Canadian releases on the schedule. In the U.S, the...
DAX Steady As Investors Search For Cues
The DAX index is showing limited movement in the Friday session. Currently, the DAX is at 12,510, up 0.14% on the day. On the release front, there are no major German or eurozone events. The German Wholesale Price Index dipped...
Dollar Bulls Remain In Control Ahead Of Fed Chief’s Prepared Remarks
Here are the latest developments in global markets: FOREX: The US dollar index (+0.38%) continued its march higher during the European trading session on Friday, with little in the way of fresh news to guide price action. It is currently...
Stock Markets Recover, Pound Trumped While Gold Melts
Investors were placed on an emotional rollercoaster ride this week as trade tensions between the United States and China intensified. The Trump administration’s latest threats to impose tariffs on an additional $200 billion of Chinese goods initially dealt a blow...