Maravai LifeSciences had to undo a recent CEO change due to a lawsuit. Luckily, the drama should be resolved quickly. Although some companies feast on drama to stay in the news cycle, most others hope Read more…
The Swiss bank on Oct. 27 is expected to present its plan to restructure and put its scandals behind it. The moment of truth for Credit Suisse (CS) – Get Credit Suisse Group American Depositary Read more…
The pound pushed higher at the start earlier today but has given up all of these gains. GBP/USD is trading at 1.1293, down 0.03%. Sunak takes over as PM Rushi Sunak has become the new Read more…
Markets Investor attention was focused on the release of PMI business confidence today. As one could have expected, they didn’t really paint a rosy picture on the European economy. They scream “stagflation” with the Eurozone Read more…
US PMI Manufacturing dropped from 52.0 to 49.9 in October, a 28-month low. PMI Services dropped from 49.3 to 46.6, a 2-month low. PMI Composite dropped from 49.5 to 47.3, a 2-month low. Chris Williamson, Read more…
Reflecting investor worries over China, the world’s second largest economy, we have seen the yuan fall over 1.3% today to a fresh 14-year low against the dollar. Meanwhile the local stock markets have dropped even Read more…
After a delay related to the Communist Party congress, China published a batch of monthly and quarterly statistics, which caused mainly disappointing reactions from analysts. GDP added 3.9% in the third quarter compared to a Read more…
As another week of trading kicks off, watch the latest headlines out of China, the U.K., Tesla and much more live. Watch TheStreet’s Market Open: More on Today’s Topics: Stock Market Today: Stocks Higher on Read more…
Daily Pivots: (S1) 145.23; (P) 148.59; (R1) 150.97; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. More consolidation would be seen for the near term. In case of another fall, downside should Read more…
Daily Pivots: (S1) 0.9911; (P) 1.0030; (R1) 1.0097; More… USD/CHF is staying in consolidation from 1.0146 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside should be contained above 0.9799 support. Read more…