Gold’s rebound is suddenly turning into something much bigger. After defending the 4,500 psychological level earlier this week, the metal has surged sharply as markets aggressively sell Dollar on signs that the US and Iran Read more…
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Pinterest (PINS) added about $2 billion in market value recently as shares jumped about 15% following the company’s first-quarter results, which pointed to stronger ad demand, improving earnings power, and a broader platform strategy. Heading into Pinterest’s Read more…
Oil prices are falling sharply as markets aggressively unwind the geopolitical risk premium built on tensions in the Strait of Hormuz. Brent crude has now broken below the psychologically important $100 level, while WTI is Read more…
Eurozone producer price inflation accelerated sharply in March, with PPI rising 3.4% mom and 2.1% yoy, exceeding expectations of 3.3% mom and 1.8% yoy. The increase was driven overwhelmingly by energy costs, highlighting the growing Read more…
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran, reducing demand for the USD Read more…
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UK services activity rebounded in April, with PMI Services finalized at 52.7, up from March’s 11-month low of 50.5. PMI Composite also improved from 50.3 to 52.6, signaling a modest recovery in private sector growth Read more…
Market Overview The crypto market capitalisation has risen by 0.75% over the past 24 hours, reaching $2.69 trillion. The top three performers are Zcash (+29%), Toncoin (+23%) and Filecoin (+16%). The underperformers are Ethereum (−0.4%), Read more…
Eurozone private sector activity slipped back into contraction in April, with the Services PMI finalized at 47.6, down sharply from 50.2 in March and marking a 62-month low. Composite PMI fell from 50.7 to 48.8, Read more…