Day: December 14, 2021
Stocks making the biggest moves midday: Beyond Meat, AMC, Tesla and more
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines in midday trading. GameStop, AMC Entertainment — Meme stocks rebounded from a steep sell-off in the previous session. GameStop last traded …
Stocks making the biggest moves midday: Beyond Meat, AMC, Tesla and moreRead More
ECB Meeting: Shadow Tapering
The European Central Bank (ECB) will have to decide by how much to slash its asset purchases when it concludes its meeting at 12:45 GMT Thursday. It will probably be another battle between hawks and doves, with the most likely compromise being to cut quantitative easing in about half. As for the euro, the bigger …
GBP/USD Outlook: Strong UK Jobs Data Underpin Pound But Upticks Were Limited
Cable edged higher in European trading on Tuesday, underpinned by strong UK jobs data for October, but upticks were so far limited as near-term action remains weighed by thick weekly cloud. Also, fragile political situation in the UK, on signals that PM Johnson is going to face strong opposition in the parliament over the latest …
GBP/USD Outlook: Strong UK Jobs Data Underpin Pound But Upticks Were LimitedRead More
Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday. The producer price index for final demand increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for …
Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on recordRead More
Dollar Shrugs Record PPI, Gold on the Move?
Commodity currencies remain generally weak today on mixed market sentiment. But buying is turned to European majors, with Swiss Franc having an upper hand. Dollar and Yen, on the other hand, soften mildly. The greenback has little reaction to record PPI reading. Meanwhile, it should be noted that major forex pairs are staying inside last …
ECB Preview – Phase-Out of PEPP by March as Scheduled
The focus of this week’s ECB meeting is whether the PEPP would extend beyond March 2020 in light of the new Omicron variant and rapid increase the number of coronavirus cases across Europe since the November meeting. Recent comments from ECB officials signal that things would go as planned. The latest economic projections would also …
ECB Preview – Phase-Out of PEPP by March as ScheduledRead More
GOLD Reacts To US Data
The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support of the moving averages and the resistance of the 1,790.00 level. A move below the …
Virus Concerns And Upcoming Central Bank Meetings In Focus
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BOE Preview – Delaying Rate Hike to February 2022
We expect the BOE to stand pat at this week’s meeting. October’s GDP came in weaker than expected, and the renewed restrictive measures to curb spread of the new Omicron variant could affect household consumption and put a brake on the job market improvement. We expect policymakers to wait for more certainty about the development …
Dollar and Yen Rise on Slightly Negative Sentiment, Aussie Tumbles
Dollar and Yen rise following slightly negative risk sentiment. Major Asian indexes are generally lower, following the mild pull back in US overnight. Australian Dollar is leading commodity currencies lower. European majors are mixed with Euro trading a bit firmer than the others. Focuses will firstly turn to UK employment data and US PPI today. …
Dollar and Yen Rise on Slightly Negative Sentiment, Aussie TumblesRead More
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Finance news
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