Wage growth a warning sign for BoE The UK employment report showed a slight rise in wage growth, raising fears of a wage-inflation spiral, as the country struggles with inflation at its highest level in Read more…
Elon Musk’s 2021 share sales, alongside a $5 billion donation to charity, have still left the billionaire CEO with an even larger stake in the world’s most-valuable carmaker. Updated at 7:38 am EST Tesla (TSLA) Read more…
Germany ZEW Economic Sentiment rose from 51.7 to 54.3 in February, above expectation of 53.5. Current Situation index rose from -10.2 to -8.1, worse than expectation of -7.0. Eurozone ZEW Economic Sentiment dropped from 49.4 Read more…
Eurozone exports of goods to the rest of the world grew 14.1% yoy to EUR 218.7B in December. Imports rose 36.7% yoy to EUR 223.3B. Trade deficit came in at EUR -4.6B. Intra-Eurozone trade rose Read more…
Eurozone GDP grew 0.3% qoq, 4.6% yoy in Q4. Annual growth 2021 was at 5.2%. Employment rose 0.5% qoq. EU GDP grew 0.4% qoq, 4.8% yoy. Annual growth 2021 was at 5.2%. Employment grew 0.5% Read more…
Intel will pay $5.4 billion for Israel-based Tower Semiconductor as it looks to expands it foundry business and challenge the likes of Samsung and TSMC. Intel (INTC) – Get Intel Corporation Report shares moved higher Tuesday Read more…
Stock futures surge as reports say Russian troops pull back from Ukraine border; Intel to buy Tower Semiconductor for $5.4 billion; Peloton share jump on management shake-up, stake builds; Elon Musk donates $5 billion in Read more…
GBPUSD is edging sideways slightly above the 100-day simple moving average (SMA) as directional impetus has disappeared. The SMAs are converging, largely endorsing a more neutral trend, with the gliding 200-day SMA nourishing bearish pressures, Read more…
… but inflation and central bank tightening remain the key risk. The big news this morning came from Russia, which sent stocks and US futures sharply higher, while Brent crude oil dipped back to $94 Read more…
The Australian dollar has reversed directions and is in positive territory on Tuesday. AUD/USD is trading at 0.7154 in the European session, up 0.37% on the day. RBA preaches patience on rate hikes The RBA Read more…