IHG full-year room revenue grows on China demand
InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue...
Currencies: Sentiment Data (ZEW) To Ease Euro Downside Pressure?
Rates: Looking for clues from the ECBUS investors return after the long weekend, but the US eco calendar is razor-thin. EMU investors look for signs of improvement in the forward-looking German ZEW expectations index and for hints on possible future...
Asian Equities Give Up Gains After Reaching A Four-Month High
After a muted session in Europe, and the U.S. markets closed for Presidents’ Day, investors seem to be moved by news flows coming from U.S.- China trade negotiations. Asian stocks were near a four-month high today driven by Chinese and...
Dollar & Yen Recover as Markets Turn Cautious, US-China Trade Talks Resume Today
Dollar and Yen trade generally higher today as Asian markets turned mixed. The strong rally in Asian stocks yesterday was based on optimism on US-China trade negotiation. But such optimism has quickly turn into cautiousness. Another round of negotiation will...
Elliott Wave View: S&P 500 (SPX) Rallies As An Impulse
Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave structure. An Impulse structure is a 5 waves move. The...