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Euro about to mark fourth weekly loss in row
Euro about to mark fourth weekly loss in row
Nov 3, 2024
Euro rose in European trade on Friday against a basket of major rivals, moving in a positive zone for the second day against the dollar and edging away from recent 3-⅕ month lows, following strong German data. Despite the gains, the euro is still heading for the fourth weekly loss in a row amid concerns about the interest rate gap...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Yen about to mark fresh weekly loss ahead of general elections
Yen about to mark fresh weekly loss ahead of general elections
Nov 3, 2024
The Japanese yen rose in European trade on Friday away from three-month lows against the US dollar, amid active short-covering, while US 10-year treasury yields slowed down. Despite the gains today, the yen is still heading for a weekly loss, ahead of the Japanese parliamentary elections during the weekend, with opinion polls indicating the governing LDP could lose its majority....
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Sector Update: Consumer Stocks Higher Late Afternoon
Sector Update: Consumer Stocks Higher Late Afternoon
Nov 3, 2024
03:44 PM EDT, 10/28/2024 (MT Newswires) -- Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%. In corporate news, McDonald's (MCD) shares popped 1.7% after the fast food giant announced the planned return of its Quarter Pounder burgers in all US...
Sector Update: Financial Stocks Rise Late Afternoon
Sector Update: Financial Stocks Rise Late Afternoon
Nov 3, 2024
03:42 PM EDT, 10/28/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) gaining 1.2%. The Philadelphia Housing Index added 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%. Bitcoin (BTC-USD) increased 2.7% to $69,785, and the yield for 10-year...
Sector Update: Tech
Sector Update: Tech
Nov 3, 2024
03:34 PM EDT, 10/28/2024 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.1%. The Philadelphia Semiconductor index was 0.2% higher. In corporate news, Meta Platforms ( META ) is developing an artificial intelligence-backed search engine that will provide users with...
Sector Update: Financial
Sector Update: Financial
Nov 3, 2024
03:29 PM EDT, 10/28/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) gaining 1.2%. The Philadelphia Housing Index added 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%. Bitcoin (BTC-USD) increased 2.7% to $69,785, and the yield for 10-year...
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