Currency Point: It was a few weeks before Christmas and rate rises are here
- Currency Point, Featured Posts, Fundamental Analysis, Recent Posts
- December 12, 2022
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 14 points. Coca-Cola’s carbonated soft drinks are making a comeback, as the company’s third-quarter sales rose in large part thanks to variations on its namesake cola. A further slide in China’s economic momentum in the
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 13 points. Saudi Arabian Oil will delay its initial public offering, with the timing of the possible IPO pushed back to December or January, say people familiar with the matter. Johnson & Johnson and its
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 32 points. SoftBank has prepared a financing package that would give it control of WeWork and further sideline its founder Adam Neumann in exchange for relieving the shared-office startup’s looming cash crunch, according to people
READ MOREOn Friday, the United States and China announced that they had made a partial trade deal. This deal will see the Chinese buy more US farm produce, like soybeans. The US will not increase the tariffs it had threatened to increase later this month. The two countries also pledged to continue engagement ahead of the
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 34 points. Signs of optimism that the U.K. could reach a divorce deal with the European Union drove the pound and U.K bank stocks sharply higher. General Motors and the United Auto Workers
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 42 points. Saudi Arabian Oil Co.’s investment bankers could deliver as soon as Friday a recommended valuation of the state-owned energy giant’s IPO below the $2 trillion targeted by Crown Prince Mohammed bin Salman.
READ MOREThe world markets are on edge ahead of talks between the US and China that are scheduled to start tomorrow in Washington. The talks are aimed at reducing the trade pressure that has been around for the past year. Expectations for this round of talks are low because of the hard positions the two countries
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 64 points. Oracle plans to hire roughly 2,000 employees globally as it ramps up its cloud computing offerings. The new leaders of the International Monetary Fund and World Bank warned in twin speeches
READ MOREAsian and Australian stocks rose as traders started to focus on the upcoming trade talks between China and the US. In Australia, the ASX 200 rose by 30 points while in Japan, the Nikkei rose by 216 points. In China, the A50 and Shanghai indices rose by 200 and 25 points respectively. This is as
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 25 points. HSBC is planning further job cuts to its 238,000 workforce, a person familiar with the matter said, as interim Chief Executive Noel Quinn looks to make his mark on the bank as he competes
READ MOREUS stocks ended the day higher on Friday as traders reflected on the non-farm payrolls data. The numbers, released by the Labor Department, showed that the economy added more than 135k jobs in September. This was slightly lower than the consensus estimates of more than 145k jobs. The unemployment rate dropped to a 50-year low
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