After today’s UK GDP release, NIESR forecasts that GDP in December will fall relative to November. But overall, service-driven GDP growth of 0.1% in Q4 is estimated. Paula Bejarano Carbo, Associate Economist, NIESR, said: “Given Read more…
It’s been another lively week in financial markets and one in which investors have become increasingly hopeful that 2023 won’t be as bad as feared. In a way, the week started with the jobs report Read more…
“Though the quarter was significantly impacted by previously disclosed operating losses, our underlying performance reflected the progress we are making to improve returns,” said CEO Charles Scharf. Wells Fargo (WFC) – Get Free Report posted stronger-than-expected Read more…
China’s foreign trade data for December was another demonstration of why the government went for a loosening of covid restrictions. Exports last month were 9.9% below levels a year earlier, accelerating the decline from November’s Read more…
The Australian dollar remains firm on Friday and attempts towards psychological 0.70 barrier after rallying 1% on Thursday, underpinned by higher commodity prices and growing expectations that the Fed would further ease the pace of Read more…
Gold keeps firm bullish stance and probing through key barriers ay $1896/$1900 (Fibo 61.8% of $2070/$1614 / psychological) on Friday. The metal is on track for the third straight strong weekly advance, underpinned by weaker Read more…
The Euro is consolidating under new multi-month high on Friday, after advancing 0.9% on Thursday. Overall picture remains bullish as the pair is on track for the biggest weekly rally since the second week of Read more…
“The U.S. economy currently remains strong with consumers still spending excess cash and businesses healthy,” said JPMorgan CEO Jamie Dimon. JPMorgan Chase & Co (JPM) – Get Free Report posted stronger-than-expected fourth quarter earnings Friday and Read more…
The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3341, down 0.20%. The Canadian dollar is showing some strength lately, having posted only one losing session since January Read more…
“We expect the efforts by the people of our company that led to strong performance in 2022 will define 2023 as well,” said CEO Andrew Witty. UnitedHealth Group (UNH) – Get Free Report posted better-than-expected fourth Read more…