Fading Fed rate hike bets, as well as solid earnings from UnitedHealth, have stocks moving higher Friday ahead of a key reading of U.S. retail sales. Updated at 7:53 am EST U.S. equity futures moved Read more…
The euro continues to trade close to the parity line, after breaking below this symbolic level during the week. It marked the first time that EUR/USD fell below parity since 2002. On Thursday, EUR/USD dropped Read more…
NZ Manufacturing PMI contracts The New Zealand dollar has edged higher on Friday. The currency yawned as New Zealand’s Manufacturing PMI fell into contraction territory in June, for the first time since August 2021, during Read more…
“We do expect credit losses to increase from these incredibly low levels, but we have yet to see any meaningful deterioration in either our consumer or commercial portfolios,” said CEO Charlie Scharf. Wells Fargo (WFC) Read more…
The Euro started a fresh decline below the 1.0100 support zone against the US Dollar. The EUR/USD pair even traded below the 1.0050 level to move into a bearish zone. Moreover, there was a spike Read more…
Activist hedge fund Elliott Management has amassed a stake of more than 9% in Pinterest, the Wall Street Journal reported late Thursday, and his holding talks with the group’s new executive team. Pinterest (PINS) – Read more…
“Customers are responding as we build on our five growth pillars, enabling us to move into the second half of 2022 with strong momentum serving ever more people more deeply,” said CEO Andrew Witty. Updated Read more…
Stock futures edge higher as jumbo rate hike bets fade; Retail sales in focus amid gas price, inflation surge; Citigroup, Wells Fargo earnings on deck after JPMorgan miss; Pinterest shares surge on report of activist Read more…
Eurozone exports of goods to the rest of the world rose 28.9% yoy to EUR 248.5B in May. Imports of goods rose 52.0% yoy to EUR 274.8B. Trade deficit came in at EUR -26.3B. Intra-eurozone Read more…
Daily Pivots: (S1) 163.22; (P) 164.20; (R1) 165.32; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 165.26 minor resistance will argue that corrective pattern from 168.67 has Read more…