Stock futures rise ahead of big week of earnings, coronavirus stimulus in focus; gold soars to new record
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose early Monday morning as investors...
Dollar Tumbles Further as Gold Hits Record, Coronavirus Weighs on Sentiments
Gold’s up trend accelerates further and finally makes new record high today. That comes in a time when there are increasing evidence of second wave of coronavirus infections globally. Also, US-China relations deteriorate to a new low for decades. Dollar...
Asia Morning: U.S. Dollar, Stocks Weaken Further
On Friday, U.S. stocks sank further following the sell-off Thursday. The Dow Jones Industrial Average slid 182 points (-0.68%) to 26469, the S&P 500 fell 20 points (-0.62%) to 3215, and the Nasdaq 100 lost 97 points (-0.92%) to 10483....
HSBC Mexico’s Arce sees pandemic push for digital banking
HSBC Mexico’s chief executive, Jorge Arce, says the coronavirus pandemic has greatly accelerated adoption of its digital banking services – with clients overcoming cultural resistance to move online and take advantage of the bank’s recent investment in technology. “We have seen a...
Equity Bank turns to vertical strategy after collapse of Atlas Mara acquisition
Equity Bank’s plans for regional expansion suffered a setback when its deal to acquire four subsidiaries of Atlas Mara collapsed in June. It began talks to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in April 2018, but...
Euro Started Medium Term Up Trend With Break of Key Resistance Against Dollar
Euro ended as the strongest one last week as boosted by the agreement on the Next Generation EU recovery fund. It’s seen as a landmark deal which would increase cohesion of the EU. The burden on ECB would also be...
Weekly Economic and Financial Commentary: Jobless Claims Rise, Housing Market Rebounding
U.S. Review Jobless Claims Rise, Housing Market Rebounding Initial jobless claims rose to just over 1.4 million for the week ending July 18. Continuing claims fell to about 16.2 million. Initial claims edging higher suggests that the resurgence of COVID-19...
The Weekly Bottom Line: Recovery Risks Stalling Out as Pandemic Worsens
U.S. Highlights A tug of war between encouraging vaccine news and hopes of new economic stimulus, and early indications that the recovery might be stalling, is fueling financial market volatility. Jobless claims rose to 1.42 million last week after declining...
Forward Guidance: Near-Term Canada-US Growth Trends Diverging?
The US will almost certainly report an unprecedented decline in Q2 GDP in the week ahead – we are expecting a 35% annualized drop in the quarter. But the economic backdrop looked decidedly less-bad at the end of the quarter...
Week Ahead: Earnings Galore
10% of companies in the S&P 500 will release earnings this week. Big tech names, such as AAPL, FB, AMZN, and GOOG, will also continue to roll out results. We will also finally get our first look at the one...
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