We do not expect the Trump-Xi meeting on May 14-15 to lead to major breakthroughs in US-China relations. We expect near-term financial market impact to remain limited. Trump does not have the incentives nor the Read more…
Markets Risk premia were back in vogue from the start of trading this morning. Evidently, the stalemate in the process of reaching a solution to the US-Iran conflict, via higher oil prices (Brent currently $107.5 Read more…
For decades, McDonald’s was synonymous with affordable, tasty fast-food meals. While its food offerings still taste good, the chain’s brand image changed after the Covid pandemic. The fast-food giant has undergone a major transformation in Read more…
Saudi Aramco just posted its strongest quarterly profit in over a year. Its CEO used the occasion to deliver one of the most direct assessments yet of how long the global oil market may stay Read more…
Little things can ruin a shopping experience. More than 1,100 American consumers shared their biggest retail pain points when asked by YouGov. About 44% express frustration with empty shelves and a lack of stock. 35% Read more…
Cable fell around 0.8% on Tuesday on deepening political crisis, following calls from a number of lawmakers to PM Starmer to step down after his Labour Party suffered heavy losses in recent local elections. Fresh Read more…
The Consumer Price Index (CPI) rose by 0.6% month-on-month (m/m) in April, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped 3.8% – the fastest rate of growth in three-years. Another surge in Read more…
Daily Pivots: (S1) 0.8632; (P) 0.8651; (R1) 0.8673; More… EUR/GBP’s extended rebound and break of 0.8676 resistance suggests that fall from 0.8740 has completed at 0.8618 already. Intraday bias is back on the upside for Read more…
Nebius has had one of the more remarkable runs of any stock in the AI infrastructure space. Up more than 110% year to date and roughly 600% over the past year, the company is heading Read more…
Daily Pivots: (S1) 212.51; (P) 213.46; (R1) 214.81; More… Intraday bias in GBP/JPY is turned neutral again with 4H MACD crossed below signal line. On the downside, break of 212.35 minor support will bring deeper Read more…