Stocks making the biggest moves after hours: Urban Outfitters, L Brands and more
Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus...
The bull market is ‘in trouble,’ more selling to come: BNY Mellon
The bull market is “in trouble,” strategist Alicia Levine told CNBC on Monday. U.S. stocks continued to fall on Monday, with large tech stocks leading the way down. The action came after equities posted sharp weekly losses on Friday. “There...
USD/CAD Uptrend Intact at the Start of a Potentially Quiet Holiday Week
It’s a day of dispersion in the global FX market, with European currencies rising against the greenback and commodity dollars losing ground versus the world’s reserve currency. The day’s only noteworthy economic release, the NAHB Housing Market Index, was a...
British Pound Edges Higher, Investors Eye Inflation Report Hearings
GBP/USD has edged lower in the Monday session. In North American trade, the pair is trading at 1.2844, up 0.11% on the day. On the release front, British Rightmove HPI posted a sharp decline of -1.7%. In the U.S., there...
EURJPY Threatens Further Bullishness On Recovery Higher
EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut...
US Home Builder Sentiment Plummets in November
The National Association of Home Builders (NAHB) housing market index had its largest decline in four years as housing affordability concerns rise. The November reading of builder confidence in the market of new single-family homes came in at 60, well...
Maxine Waters reportedly wants Terrorism and Illicit Finance Subcommittee to oversee foreign banks
Rep. Maxine Waters hopes to make changes to the House Financial Services Committee that could have implications for one of President Donald Trump’s favorite lenders, Axios reported late Sunday. When her party takes control of the House in January, the...
Homebuilder confidence plummets to the lowest level in more than two years as ‘demand stalls’
Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing...
RBS kicks off wave of digital bank offshoots
Some of Britain’s biggest banks are launching a slew of new standalone online banks, as they experiment with new technology and brands, and try to thwart digital challengers. Royal Bank of Scotland’s Mettle, launched on November 6, will be one...
Swiss Franc Surges While Commodity Currencies Weaken
Swiss Franc is clearly the strongest one for today but the underlying reason is not apparent. There is no clear problem in emerging markets. Meanwhile, Euro is indeed following Swiss Franc, as another strong one. Sterling is a bit mixed...
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