UBS reports its best third quarter for a decade, with a 99% hike in net profit
The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a jump...
Aussie Bears in Control on RBA, Euro Strength Continues
Australia’s Dollar’s decline is resuming today as RBA minutes, as well ass comments from a top official solidify the case for imminent easing in November. Weaker risk sentiments also weigh on commodity currencies in general, after US stocks reversed initial...
RBA Minutes Reveal Strong Conviction to Further Easing in November
RBA’s minutes for the October meeting offered more supports that further easing will be rolled out soon. Potential measures include rate cuts and asset purchases. The bottom line is that the policy rate will not go negative. Assistant Governor Christopher...
Stocks making the biggest moves midday: American Airlines, Halliburton, RH, AMC & more
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents...
Homebuilder sentiment sets another record high in October
Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation’s homebuilders are seeing no fall chill in demand from buyers,...
AUDUSD Barely Recovers; Looks to Develop Sideways
AUDUSD has adopted a positive trajectory, improving slightly after pivoting at the 0.7055 low. The rising red Tenkan-sen line and the strengthening technical indicators endorse additional positive price action. Yet, the weakened slopes of the simple moving averages (SMAs) and...
Crude Oil: Bulls are Waiting at Lower Levels
It appears that crude oil prices stabilized after that sharp drop at the start of September. Then energy was able to recover close to $42 but move is not that strong, rather slower and choppier; very undecided direction due to...
Markets Optimistic on Stimulus Talks
A tentative start to the week with European stock markets a mixed bag and US futures a little higher on slightly improved hopes of a stimulus deal before the election. There are an unusual number of major risk events occuring...
Dollar Weakens on Renewed Stimulus Hope, Euro Surges
Dollar and Yen are back under notable selling pressure today. US investors are apparently ignoring continuing surge in global coronavirus infections, which broke 40m mark. Instead, there is renewed hope of fresh fiscal stimulus, as House Speaker Nancy Pelosi said...
U.S Futures Rising – Watch COP, CXO, SNAP, HAL, ADM
The S&P 500 Futures are on the upside after they closed mixed on Friday. On Sunday, House Speaker Nancy Pelosi called on the government to reconcile remaining disputes on stimulus legislation within 48 hours in an attempt to pass a...
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