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Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
Australias consumer prices rose 2.4% y/y in April, beating estimates of 2.3%, and same as the previous reading. The data showcases the impact of inflationary pressures on Australian monetary policymakers, and huts the odds of an Australian rate cut in July. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP...
US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...
How does the Fed react to Trump's trade war?
How does the Fed react to Trump's trade war?
May 27, 2025
The Federal Reserve warned against increasing economic risks when it decided to hold interest rates unchanged in May. Fed Chair Jerome Powell focused on uncertainty for the worlds largest economy following Trumps aggressive tariff decisions during his post-Fed meeting speech this month. Now markets expect two interest rate cuts overall this year, with some even thinking that this is overly...
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,...
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Sector Update: Health Care
Sector Update: Health Care
Jan 30, 2025
09:01 AM EST, 01/30/2025 (MT Newswires) -- Health care stocks were steady pre-bell Thursday with the Health Care Select Sector SPDR Fund (XLV) up 0.2% and iShares Biotechnology ETF (IBB) recently inactive. Sanofi ( SNY ) shares advanced by 2.6% after the company reported a higher Q4 revenue. The company also said it intends to launch a 5-billion-euro ($5.22 billion)...
Sector Update: Energy
Sector Update: Energy
Jan 30, 2025
09:09 AM EST, 01/30/2025 (MT Newswires) -- Energy stocks rose pre-bell Thursday with the Energy Select Sector SPDR Fund (XLE) recently up 0.1%. The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 1.1% lower. Front-month US West Texas Intermediate crude oil was down 0.4% at $72.34 per barrel at the New...
Sector Update: Tech
Sector Update: Tech
Jan 30, 2025
08:55 AM EST, 01/30/2025 (MT Newswires) -- Technology stocks were mixed pre-bell Thursday, with The Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) 1.1% higher. Nokia ( NOK ) shares were up past 8% after the company reported higher Q4 comparable earnings and revenue. ...
Sector Update: Financial
Sector Update: Financial
Jan 30, 2025
09:04 AM EST, 01/30/2025 (MT Newswires) -- Financial stocks edged higher premarket Thursday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.8%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.1% lower. Lazard ( LAZ ) shares were up almost 10% after...
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BRIEF-Triumph To Be Acquired By Warburg Pincus And Berkshire Partners Afflilates in a deal valued At About $3 Billion
BRIEF-Triumph To Be Acquired By Warburg Pincus And Berkshire Partners Afflilates in a deal valued At About $3 Billion
Feb 3, 2025
Feb 3 (Reuters) - Triumph Group Inc ( TGI ): * TRIUMPH TO BE ACQUIRED BY AFFILIATES OF WARBURG PINCUS AND BERKSHIRE PARTNERS IN AN ALL-CASH TRANSACTION VALUED AT APPROXIMATELY $3 BILLION * TRIUMPH GROUP INC ( TGI ) - SHAREHOLDERS TO RECEIVE $26.00 PER SHARE IN CASH * TRIUMPH GROUP INC ( TGI ) - TO BE DELISTED FROM...
Google to ask US appeals court to overturn app store verdict
Google to ask US appeals court to overturn app store verdict
Feb 3, 2025
(Reuters) - Lawyers for Alphabet's Google and Fortnite maker Epic Games are set to square off before a U.S. appeals court in California on Monday, as Google tries to undo a jury verdict and a judge's order forcing it to revamp its app store. Google has argued in court filings to the San Francisco-based 9th U.S. Circuit Court of Appeals...
ING Comments on Euro, Sterling, Poland's Zloty, Czech Republic's Koruna
ING Comments on Euro, Sterling, Poland's Zloty, Czech Republic's Koruna
Feb 3, 2025
06:11 AM EST, 02/03/2025 (MT Newswires) -- The growing prospect of a global trade war and United States tariffs heading for the European Union is a clean euro negative, said ING. The important two-year EUR:USD rate differentials have widened around 20bps over the last couple of sessions as investors price less easing from the United States Federal Reserve and more...
Exclusive-Trump's meme coin made nearly $100 million in trading fees, as small traders lost money
Exclusive-Trump's meme coin made nearly $100 million in trading fees, as small traders lost money
Feb 3, 2025
NEW YORK - Entities behind President Donald Trump's crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.  The meme coin, known as $Trump, was launched by the president...
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