Week Ahead: OPEC, Non-Farm Payrolls, and RBA Lead the Way
Monday is a US and UK holiday; therefore, market activity should be extremely slow. Month-end flows on Friday saw the US Dollar spike near the US bond open, only to be sold off into the London fix. OPEC meets this...
AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%
Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing...
Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360...
A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in...
Week Ahead – Could There be Another NFP Shock in Store for the Dollar?
As predictions about higher inflation turn out to be mostly correct, investors haven’t been doing such a good job in reading the health of the US labour market. The May nonfarm payrolls report will be an important test for the...
Weekly Focus – Reflation Trades Take a Break
Despite more very strong data this week, reflation trades took a break this week. US and euro area bond yields drifted lower this week and stock markets moved sideways. Commodity prices retreated with oil and copper prices drifting lower and...
Core PCE Jumps to Highest Level in 25 Years: DXY, EUR/USD
A key inflation indicator for the US Federal Reserve released earlier today is going to have FOMC members heads spinning at their next meeting in June. The Core PCE Price Index is said to be one of the Fed’s favorite...
Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office
Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch — except when big companies want to get their employees back to the office during a pandemic. Employers including banks...
Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign his agenda is boosting the fortunes of...
Dollar Flies High after Strong Inflation Reading
Dollar surges in early US session as boosted by stronger than expected inflation readings. Indeed, the core PCE inflation hit the highest level since 1991. With the current buying momentum, the greenback is likely to end the week on a...
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