Day: December 10, 2021
Didi is delisting in New York. Here’s what happens if you own a delisted stock
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Although Didi’s situation is plagued by company-specific factors, the fallout around the listing comes as political pressure in both China and the U.S. …
Didi is delisting in New York. Here’s what happens if you own a delisted stockRead More
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982
Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. The consumer price index, which measures the cost of a wide-ranging basket of goods and services, rose 0.8% for the month, good for a 6.8% pace …
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982Read More
Stocks making the biggest moves midday: Costco, Oracle, Peloton and more
Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6% after the warehouse retailer posted its latest quarterly numbers a day earlier. The company earned …
Stocks making the biggest moves midday: Costco, Oracle, Peloton and moreRead More
Week Ahead – Fed Kicks Off Central Bank Extravaganza
Global markets will enter the holiday season with a bang, as the upcoming week features five central bank decisions and a heavy barrage of data releases. The Fed will get the show rolling. It will decide whether to accelerate the tempo of tapering, although the dollar may be more interested in the new interest rate …
Week Ahead – Fed Kicks Off Central Bank ExtravaganzaRead More
Weekly Focus – Team Dovish or Hawkish to Prevail?
The concern about omicron abated over the past week as vaccines were deemed effective against the variant with a booster shock. Preliminary analysis from the European health agency suggests the symptoms are milder than with previous variants. Furthermore, a new study shows that a third shot of the Pfizer vaccine could neutralise the omicron virus. …
Dollar Shrugs Strong CPI Reading, Extending Sideway Trading
The multi-decade high in US CPI reading appears to be failing trigger any move in Dollar. The greenback is staying in very tight range in general. Commodity currencies are indeed trying to regain upside momentum. Yen is set to end as the worst performing, followed by Swiss Franc and then Euro. In Europe, at the …
Dollar Shrugs Strong CPI Reading, Extending Sideway TradingRead More
New Zealand Dollar Extends Losses
The New Zealand dollar is in negative territory for a second straight day. In the European session, NZD/USD is trading at 0.6778, down 0.23% on the day. Soft manufacturing data weighs on NZD This week’s New Zealand manufacturing data pointed to weaker growth in the manufacturing sector. Manufacturing Sales fell -2.2% in Q3, after two …
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & more
Check out the companies making headlines before the bell: Chewy (CHWY) – The online pet products retailer’s stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted by higher costs for labor and supply chain issues. Lululemon (LULU) – The athletic apparel …
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & moreRead More
GOLD Continues To Decline
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. If the price continues to decline, it would eventually reach …
USD/JPY Surges On Friday
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge to the weekly R2 simple pivot point at 114.53. However, note that the 114.00 and …
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
