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 SPI Futures is expected to be down 10 points. BP PLC on Tuesday said it has agreed to sell all its interests and operations in Alaska to Hilcorp Energy Co. for $5.6 billion. U.S. government bond yields resumed their march downward,
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 19 points. President Trump sought to dial down trade tensions with China and said he was open to meeting with Iran’s president, as he struck a more conciliatory note on the final day of the
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 86 points. President Trump said he was ordering U.S. companies doing business in China to explore relocating their operations after Beijing unveiled new tariffs on U.S. goods, the latest twists in a trade war that
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 15 points. Shares of Boeing ascended on a signal that the aerospace giant’s troubled fleet of 737 MAX aircraft is moving toward a return to service. Alphabet’s Google News and other digital platforms don’t
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 27 points. Target said sales and profit rose in the second quarter, sending shares on track for a record, as the retailer extended its growth streak from investments in its stores, merchandise, and digital capabilities.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 46 points. Germany’s Bayer is selling its animal-health business to an American rival for $7.6 billion, part of the drug and chemicals giant’s plan to divest assets amid mounting legal liabilities from its Roundup herbicide.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 23 points. The Bank of Mexico lowered interest rates Thursday for the first time in more than five years in a split vote, citing slowing economic growth, lower inflation and a decline in debt yields
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 135 points. WeWork’s parent company unveiled the papers for its initial public offering, depicting a firm whose revenue growth is steep but whose losses have grown substantially as well. Glencore has lost a bid
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI Futures is expected to be up 48 points. Shares of department stores, discount chains, and even toy makers rallied Tuesday after the U.S. said it would delay some tariffs against China until Dec. 15 Foxconn Technology’s net profit fell as
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 52 points. Argentina’s peso had its worst fall in at least a decade and stocks plunged amid investor concerns about the potential return to power of the country’s populist Peronist movement.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI Futures is expected to be down 22 points. President Trump raised the possibility that trade talks with China could break off again, causing stocks to fall. Chinese technology giant Huawei’s new operating system, called HarmonyOS, is intended to run on
READ MOREFX has been rocked by the ramp-up in action of the US-China trade war. The fact the PBoC is now willing to use the RMB as a mechanism to counter-tariffs is a new dimension for markets. It also shows that the FX market has now become a ‘battle ground’ and thus risk and commodity currencies
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