US Futures Still on the Upside, Watch AMZN, BA, REGN, DIS, DPZ, KEYS
The S&P 500 futures remain well directed as they are boosted by the potential development of a coronavirus vaccine and further easing of lockdown measures in the U.S. and around the world. Biotechnology firm Novavax said on Monday it has...
XAU/USD Tumbled To 1,705.00
Yesterday, the XAU/USD exchange rate tumbled to the 1,710.00 level. During Wednesday morning, the rate declined below the given level. From the one hand, it is likely that some downside potential could prevail in the market. In this case the...
Dollar Recovers as Markets Turned Mixed, Awaiting Trump’s Very Powerful Response to China
The forex markets turned mixed today, together with major Asian indices. Dollar and Yen are trying to recover but there isn’t any conviction in buying. Both remain the worst performing ones for the week so far. News regarding lockdown exits...
Asia Morning: Dow Adds 2% On Continued Reopening Optimism
On Tuesday U.S. stocks were mostly higher, boosted by the potential development of a coronavirus vaccine and further easing of lockdown measures in the U.S. and around the world. Biotechnology firm Novavax (NVAX +4.47%) said on Monday it has started...
Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the...
Large bank M&A across Europe is now inevitable
Euromoney asks the chief executive of one large European bank for an outlook on the economy, likely credit losses and potential mitigants. He expects the European economy to contract maybe 8% in 2020 – although his own economists are regularly...
Consumer confidence rises unexpectedly in May as economy reopens
Mic’Kale Smith, who works as a security guard but has had to take time off to care for her son during the coronavirus disease (COVID-19) outbreak, wears a face mask as she shops with her son Da’Mier at the Tiger...
Unemployment is nearing Great Depression levels. Here’s how the eras are similar — and different
Signs hang from the Meridian Heights apartment building in Northwes Washington on Monday, May 18, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) Caroline Brehman The unemployment drama playing out in the U.S. has drawn comparisons to the...
New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall
The Annapolis Townhome model at Clarksburg Town Center on April 28, 2020 in Clarksburg Maryland. Benjamin C. Tankersley | The Washington Post | Getty Images In one of the brightest economic readings since the start of the coronavirus pandemic, sales...
Lots of Good News, 2009 All Over Again, Oil Market Nears Balance, Gold Drops
Traders are returning from a holiday weekend with no shortages of headlines. The good headlines focus on further progress in the race for a coronavirus vaccine and the reopening of the global economy. The bad ones focus on the new...
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