Wall Street is looking to extend Friday’s solid gains amid improving inflation prospects heading into the fourth quarter earnings season. U.S. equity futures moved higher Monday, while the dollar extended its decline on foreign exchange Read more…
“In Q4, traffic remains strong across both physical and digital channels, and we anticipate delivering another quarter of solid earnings growth consistent with our updated EPS forecast,” said CEO Calvin McDonald. Lululemon Athletic (LULU) – Read more…
The European stock markets and the single currency continue to receive support from risks that, well, didn’t materialise. The euro thus remains supported for now, especially against currencies where the central bank is deemed to Read more…
After trading in a rollercoaster manner in 2022, oil seems to be starting the new year between a rock and a hard place as the outcomes of ongoing market-related themes could end up working in Read more…
The Japanese yen is calm on Monday and is trading slightly higher, at 132.27. The yen ended the week on a strong note, posting gains of about 1% on Friday. USD/JPY has shown significant volatility Read more…
The dollar index remains at the back foot on Monday and pressuring key supports at 103 zone (lows of mid / late Dec, where a temporary base has formed) after strong fall on Friday (down Read more…
“We’ll encourage (tech platforms) to come out strong in leading economic growth, creating more jobs, and competing globally,” said CCP secretary Guo Shuqing. Alibaba Group Holding (BABAF) shares surged higher Monday following a move by Read more…
Cable continues to benefit from rising expectations for more dovish Fed after US labor data on Friday added to signals that the central bank would further ease the pace of policy tightening, increasing the possibility Read more…
“Based on current macro-economic indicators, we believe the consumer will continue to be pressured in 2023, particularly in the first half,” said CEO Jeff Gennette. Macy’s (M) – Get Free Report shares slumped lower Monday after Read more…
In an economic bulletin article, ECB said, “Looking ahead, wage growth over the next few quarters is expected to be very strong compared with historical patterns.” “This reflects robust labour markets that so far have Read more…