US personal income rose 0.5% mom or USD 101.5B in February, matched expectations. Spending rose 0.2% or USD 34.9B, below expectation of 0.6% mom. The PCE price index for February increased 6.4% yoy, up from January’s 6.0% yoy, but missed expectation of 6.7% yoy. The increase reflected rise in both goods and services. Excluding food […]
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Broadcom shares moved higher in early Monday trading, putting the stock on pace for a December gain of around 40%, following another price target boost for the AI chipmaker from a top Wall Street analyst. Read more…
Check back for updates throughout the trading day U.S. equity futures edged higher in early Monday trading as investors looked to the holiday-shortened week and the traditional ‘Santa Claus rally’ to pull stocks out of Read more…
Daily Pivots: (S1) 195.79; (P) 196.55; (R1) 197.34; More… Intraday bias in GBP/JPY remains neutral at this point. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected Read more…