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Retailers, energy stocks push London stocks higher
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 gains 0.4%, FTSE 250 up 0.1% Jan 5 (Reuters) - British shares gained on Tuesday, led by a jump in retail stocks following record grocery sales in December, overshadowing risks aris
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China state banks seen buying dollars to slow yuan rally - traders
SHANGHAI, Jan 5 (Reuters) - China’s major state-owned banks were seen buying U.S. dollars in the onshore spot market from noon on Tuesday, traders said, in a move viewed as an official effort to prevent the local currency from rising too fast. The onshore spot market opened at 6.4601 per dollar and
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China Stock Market Due For Consolidation On Tuesday
The China stock market has finished higher in three straight session, gathering almost 130 points or 3.9 percent in that span. The Shanghai Composite Index now rests just above the 3,500-point plateau although investors may cash in on Tuesday. The global forecast for the Asian markets is soft, with
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Sterling Down on Lockdown, Dollar Mixed Despite Stocks Selloff
Sterling is currently trading as one of the weakest, as weighed down by the return to tough nationwide lockdown. Selloff in the Pound in crosses is keeping Euro and Swiss Franc afloat. Dollar attempted a rebound overnight, with the pull back in stocks. But there is apparently no follow through buyin
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Fed's Mester says monetary policy will remain accommodative for 'quite some time'
Cleveland Fed President Loretta Mester said on Monday that the US economic growth could surge later this year if most Americans are vaccinated against the coronavirus, but the gains would unlikely be enough for the Federal Reserve to pull back its support. Key comments ''Monetary policy will need to
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Gold Price Analysis: XAU/USD refreshes two-month high towards $1,950 as risk aversion extends to Asia
Gold remains bid after posting the heaviest gains since November 05 the previous day. Fears of virus strains’ resurgence, cautious sentiment ahead of Georgia runoff favor risk-off mood. US-China tussle and dovish Fed also challenge the market sentiment. Virus updates, US election news will be the ke
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Patterns: EUR/CAD, EUR/AUD
EUR/CAD 4H Chart: Breakout could occur The Eurozone single currency declined by 1.28% against the Canadian Dollar during last week's trading sessions. The EUR/CAD currency pair tested 1.5550 level on December 31. All things being equal, the exchange rate could continue to edge lower during the follo
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Georgia On My Mind
Georgia election too close to call The first week of the new year brings plenty of potential volatility, meaning those looking to ease gently into 2021 are likely to be disappointed. The US state of Georgia’s double-senate runoff election tomorrow looms as the week’s critical event risk. The result
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Factories bounce back from COVID-19 hit, tighter controls cloud outlook
LONDON/TOKYO (Reuters) - Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to robust demand in regional giant China, surveys showed, but the prospect of tougher coronavirus curbs clouded the outlook for the recovery. Despite hopes that vaccinati
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Earnings to Watch Next Week: Carnival, RPM, Constellation Brands and Walgreens Boots Alliance in Focus
Monday (January 4) Tuesday (January 5) Wednesday (January 6) Thursday (January 7) Friday (January 8) Earnings Calendar For The Week Of January 4 Monday (January 4) IN THE SPOTLIGHT: CARNIVAL Know where the Market is headed? Take advantage now with Start Trading75% of retail CFD investors lose money
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CHF/JPY Price Analysis: Bulls looking for break of 117 level
CHF/JPY is on the verge of a bullish continuation. Monthly, weekly and daily charts align for upside extension. CHF/JPY is in a bullish environment on the lower time frames which coincide with a confluence of market structure from a longer-term perspective. The following is a top-down analysis that
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EU wants swift resolution of aircraft dispute with Biden
BRUSSELS (Reuters) - The European Commission said on Thursday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden. The Commission, which c
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Wall St set for a sedate start in last trading session of 2020
(Reuters) -U.S. stocks were set for a muted open on the last trading session of a tumultuous year on Thursday, as investors digested big market gains and hoped that more stimulus and coronavirus vaccines will drive a strong economic recovery in 2021. Wall Street’s three main indexes surged to record
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Week Ahead – Georgia election and US jobs report kick off new year
The new year will start with a bang. A crucial runoff election in the state of Georgia will determine which party controls the US Senate, the latest US employment report will tell us how the recovery is progressing, and the minutes of the December Fed meeting will be eyed for clues around the next p
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Australian Dollar Advances On Positive China Data
The Australian dollar moved up against its major rivals during the Asian session on Thursday, as China's factory and service sector activities expanded in December, while the Covid vaccine developments and the approval of the Brexit deal by the U.K. Parliament supported demand for riskier assets. Su
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Pull-up Update
