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Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
Euro hits four-week high before Lagarde's remarks
Euro hits four-week high before Lagarde's remarks
May 26, 2025
The euro rose in European trade on Monday against a basket of major rivals, extending gains for the second straight session against the dollar and hitting a four-week high as US President Donald Trump gave the EU another chance to reach a trade deal. Recent eurozone inflation data led to divisions between European Central Bank policymakers on the decision to...
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Dow Settles Higher But Records Weekly Loss: Greed Index Remains In 'Extreme Fear' Zone
Dow Settles Higher But Records Weekly Loss: Greed Index Remains In 'Extreme Fear' Zone
Aug 12, 2024
The CNN Money Fear and Greed index remained in the “Extreme Fear” zone on Friday. U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively. On Monday, the Dow dipped 1,000 points, while the S&P 500 dipped around...
Wall St Week Ahead-Rollercoaster week in US stocks leaves investors braced for bumps ahead
Wall St Week Ahead-Rollercoaster week in US stocks leaves investors braced for bumps ahead
Aug 11, 2024
NEW YORK, Aug 9 (Reuters) - A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming data coincided with the unwinding of...
US STOCKS-S&P 500 ends up, but near flat for week after Monday's steep selloff
US STOCKS-S&P 500 ends up, but near flat for week after Monday's steep selloff
Aug 9, 2024
* All three major indexes gain for the day * Expedia ( EXPE ) rises after Q2 profit beat * Indexes: Dow up 0.1%, S&P 500 up 0.5%, Nasdaq up 0.5% (Updates to 5:20 p.m. ET) By Caroline Valetkevitch NEW YORK, Aug 9 (Reuters) - The S&P 500 ended higher on Friday and was little changed for the week after...
Euro zone bonds steady as traders await this week's US inflation report
Euro zone bonds steady as traders await this week's US inflation report
Aug 12, 2024
Aug 12 (Reuters) - Euro zone government bond yields edged higher on Monday after a volatile week of trading on worries around the U.S. economy, as investors awaited U.S. inflation data to gauge the extent of interest rate cuts by the Federal Reserve this year. The German 10-year bond yield, the benchmark for the euro zone bloc, rose 2.5 basis...
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Where Semtech Stands With Analysts
Where Semtech Stands With Analysts
Apr 7, 2025
Across the recent three months, 10 analysts have shared their insights on Semtech ( SMTC ) , expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Factbox-Trump's tariffs and threatened trade actions
Factbox-Trump's tariffs and threatened trade actions
Apr 7, 2025
(Reuters) -A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world. On April 2, which Trump called Liberation Day, he unveiled his plan to impose a 10% baseline...
Research Alert: Amkr: Cutting Estimates As Global Footprint Creates Major Tariff Exposure
Research Alert: Amkr: Cutting Estimates As Global Footprint Creates Major Tariff Exposure
Apr 7, 2025
02:00 PM EDT, 04/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our price target to $13 from $19, 8.5x our 2026 EPS view, below AMKR's three-year average (~10.3x) and our prior multiple (9x) given increasing tariff-related uncertainty and our...
South African lawmaker accuses minister of trying to change law for Musk's Starlink
South African lawmaker accuses minister of trying to change law for Musk's Starlink
Apr 7, 2025
By Nqobile Dludla JOHANNESBURG (Reuters) - A senior South African lawmaker on Monday accused the communications minister of seeking to erode the country's laws on local ownership to appease foreign businesses looking to work in the country, which include Elon Musk's Starlink. Last year Communications Minister Solly Malatsi said he would issue a policy directive on the recognition of equity...
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