Fed Vice Chair Philip Jefferson’s speech today offered insights into the monetary policy outlook and identified key risks in the coming months. He suggested that, assuming the economy develops as anticipated, “it will likely be Read more…
US PMI Manufacturing jumped from 51.5 to 50.7 in February, a 17-month high. PMI Services fell from 52.5 to 51.3. PMI Composite also fell from 52.0 to 51.4. Chris Williamson, Chief Business Economist at S&P Read more…
Mixed PMI data from various Euro area countries led to a surge in volatility for European currency pairs on Thursday morning. Preliminary estimates for France surprised with their strength. The manufacturing PMI jumped from 43.1 Read more…
The German 40 index hits a record high within bullish formation Might be sailing within overbought waters, but there is still some bullish power Despite the disappointing manufacturing PMI data, the German 40 index (cash) managed to Read more…
BTCUSD moves sideways after steep advance pauses Holds comfortably above 50,000 psychological mark Momentum indicators look overbought BTCUSD (Bitcoin) had been in a steep advance following its break above the 50-day simple moving average (SMA) on February Read more…
Markets The February European headline PMI came in slightly stronger than expected, rising from 47.9 to 48.9. A deepening contraction in Germany (46.1) and sustained output fall in France (47.7) were countered by faster growth Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, February 22. Full Video Transcript Below: I’m J.D. Durkin – reporting from Read more…
Retail sales grew by 0.9% month-on-month (m/m) in December, coming in stronger than Statistics Canada’s advance estimate of 0.8% m/m. In addition, November’s print was revised up to a flat reading from -0.2% m/m reported Read more…
Daily Pivots: (S1) 1.0799; (P) 1.0811; (R1) 1.0833; More… EUR/USD retreated after brief rise to 1.0887 and intraday bias is turned neutral first. On the upside, break of 1.0887 will affirm the case that fall Read more…
Good morning and welcome to Tech News Now, TheStreet’s daily tech rundown. I’ve been covering Nvidia’s blowout earnings since they started last year, and my eyes still popped out of my head at the revenue Read more…