“Unprecedented M&A activity”, as well as the release of $1.8 billion in provisions set aside for bad loans, helped JPMorgan top the Street’s Q4 earnings forecast. Updated at 7:20 am EST JPMorgan Chase (JPM) – Read more…
The UK economy contracted over 9% in 2020 owing to the pandemic, which was one of the largest economic contractions in the developed world. After solid growth in 2021, the UK economy is finally larger Read more…
The Japanese yen continues to roll, with gains for a third successive day. USD/JPY has fallen below the 114 line and is now at its lowest level since December 21st. The yen has enjoyed an Read more…
The USD remains bearish after US CPI figures this week that came out around expectations, while PPI yesterday increased by 0.2%, less than expected. The dollar is down even after some weakness on stocks yesterday Read more…
The once-popular clothing retailer that has struggled to regain its cool factor launches NFTs of its iconic hoodies in what is becoming the marketing play of the ’20s. Gap (GPS) – Get Gap, Inc. Report wants Read more…
Macau, the world’s largest gaming hub, will cap the number of casino operator licenses at six, while boosting local ownership requirements, when it auctions new permissions later this year. Las Vegas Sands (LVS) – Get Read more…
Stock futures edge higher with bank earnings and retail sales in focus; U.S. casino shares surge as Macau clarifies gaming license rules; Tesla Cybertruck could be delayed until 2023, Reuters reports; President Biden proposes historically Read more…
Eurozone exports of goods rose 14.4% yoy, to EUR 225.1B in November. Imports rose 32.0% yoy to EUR 226.6B. Trade deficit came in at EUR -1.5B. Intra-Eurozone trade rose 22.1% yoy to EUR 204.3B. On Read more…
The Euro started a steady increase from the 1.1320 support zone against the US Dollar. The EUR/USD pair broke the 1.1380 resistance zone to move into a positive zone. There was also a move above Read more…
USDCAD slumped towards the 200-day simple moving average (SMA) at 1.2495 after its bullish efforts to cross above the 50-day SMA and enter the 1.2700 territory collapsed, with the pair set to close 1.40% lower Read more…