“What we have seen in the smartphone markets is a combination of weak demand and prolonged Covid in China,” said CEO Cristiano Amon. Qualcomm (QCOM) – Get QUALCOMM Incorporated Report shares slumped lower Thursday after the Read more…
GBPJPY returned to losses after marking its largest monthly gain in more than five years in October, with the price pulling below the almost six-year high of 172.10 to trade within the 167.00 region. The Read more…
AUDUSD has been in a steep downtrend since early March, generating a profound structure of lower highs and lower lows. Although the pair managed to find its feet at the 30-month low of 0.6169 and Read more…
UK PMI Services was finalized at 48.8 in October, down from September’s 50.0. PMI Composite was finalized at 48.2, down from prior month’s 49.1. Both readings were the lowest levels since January 2021. Tim Moore, Read more…
“We are seeing signs that Q4 is going to be worse in terms of the ad market than Q3,” said Roku CEO Anthony Wood. Roku (ROKU) – Get Roku Inc. Report shares plunged lower Thursday after Read more…
Stock futures lower as markets re-set Fed rate destination; eBay surges after earnings beat, solid holiday outlook; Roku plummets on bleak holiday outlook amid fall ad sales; Qualcomm slumps as muted smartphone outlook clouds Q3 Read more…
ECB President Christine Lagarde said the central bank cannot just mirror Fed’s policy moves. “We have to be attentive to potential spillovers,” said. “We are not alike and we cannot progress either at the same Read more…
ECB Executive Board member Fabio Panetta said in a speech, “at present, the direction of monetary policy is clear”. And, a “further policy adjustment is warranted in order to keep inflation expectations anchored and stave Read more…
ECB Governing Council member Martins Kazaks said, “it’s clear that interest rates will need to rise much higher to bring inflation down to the target of 2% over medium term.” “There’s no need to pause Read more…
Swiss CPI rose 0.1% mom in October, below expectation of 0.2% mom. Core CPI (excluding fresh and seasonal products, energy and fuel) was flat at 0.0% mom. Domestic products prices dropped -0.1% mom. Imported products Read more…