There’s no hotter area on Wall Street than ESG with sustainability-focused funds nearing $2 trillion
Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental,...
Stocks making the biggest moves midday: Twitter, Amazon, Skyworks & more
Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits...
Roaring ‘20s economic recovery? For some it’ll be ‘Grapes of Wrath,’ top analyst warns
L-R: Dorris Bowdon, Jane Darwell and Henry Fonda on the set of the film “The Grapes of Wrath” directed by John Ford based on the John Steinbeck novel of the same name. Sunset Boulevard | Corbis Historical | Getty Images...
Week Ahead – RBA to Stand Pat but BoE Might Taper; Can a Bumper NFP Excite after Dovish Fed?
The central bank theme will continue over the next seven days with policy meetings by the Reserve Bank of Australia and Bank of England. The RBA will probably maintain some caution after weak inflation figures but there is some speculation...
Forward Guidance: Canadian Job Recovery to Take a Step Back in April
Canadian employment likely pulled back in April as virus containment measures were re-imposed in parts of the country. We expect an 85k drop, heavily concentrated in another round of job losses in the retail and hospitality sectors. That would still...
RBA Board to Hold Policy Steady – Lower Unemployment Forecasts
The Reserve Bank Board meets next week on May 4. That will be followed by the May Statement on Monetary Policy which will print on May 7. This could be quite an important meeting. In recent times the meetings which...
EUR/GBP Outlook: Sterling Slips as BoE’s is Unlikely to Signal any Change in the Policy Next Week’s
The cross rose on Friday as the pound was sold against its major counterparts on fading risk mode and traders awaiting BoE’s policy meeting next week. The British central bank is unlikely to sign is unlikely to signal any tapering...
Dollar Rebounds after Strong PCE Inflation, Euro Retreats on Mixed GDP
Dollar rebound in early US session after much stronger than expected PCE inflation data. Though, at this point, Canadian Dollar remains slightly firmer, as supported by GDP data. Yen is also recovering with mild retreat in German and Japan yields,...
WTI Futures Resume Hike With Weakened Bullish Backing
WTI oil futures’ latest upside push is confronting the upper Bollinger band around 65.38, although current positive impetus appears somewhat frail. Not too far back the commodity formed a support base around 57.25-58.14 after retreating from the 28½-month peak of...
USD/JPY Wave 4 Pullback After Bullish Wave 3 Pattern
USD/JPY showed a strong bullish impulse above the 21 emas. Now price action is testing and bouncing at this 21 ema zone. USD/JPY has been very impulsive and very bullish since the lower high and breakout above the resistance lines...