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…
Tesla’s latest round of price cuts has added to concerns that deep discounts will eat into the carmaker’s near-term profit margins. Tesla (TSLA) – Get Free Report shares slumped lower Friday after the carmaker unveiled yet Read more…
Stock futures drift higher, yields slide, with earnings on deck; JPMorgan leads bank earnings parade with growth outlook in focus; Tesla shares slump after another round of U.S. Price cuts; Boeing 737 Max makes first Read more…
Eurozone export of goods to the world rose 17.2% yoy to EUR 264.7B in November. Imports rose 20.2% yoy to EUR 276.3B. Trade deficit came in at EUR -11.7B. Intra-Eurozone trade rose 16.8% yoy to Read more…