EUR/GBP Eyeing Year-To-Date Lows
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- October 10, 2024
Asian stocks rose in early trading as the market remained upbeat about corporate earnings and hopes of a Brexit deal. This week, the market will receive quarterly results from more than a hundred S&P500 stocks like Boeing, McDonalds, Chipotle, and Microsoft. The results released so far have been promising, especially at a time when the
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 20 points. Prime Minister Boris Johnson was set to put his Brexit deal to a vote in Parliament on Tuesday, in the first test of whether he was won over enough lawmakers to his plan to
READ MOREAsian and Australian stocks were mixed during the Asian session. In Australia, the ASX 200 index rose by 17 points while in Japan, the Nikkei rose by 54 points. US futures rose, with Boeing gaining 60 points. This week, the market will be receiving earnings data from a number of large companies. Some of the
READ MOREOPENING 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 MOREAustralian stocks declined while the Aussie rose after the country released jobs numbers for September. The numbers showed that the unemployment rate declined slightly to 5.2% from the previous 5.3%. Employment change in the month increased by 26.2k, which was lower than the expected 15.3k. Full-time employment increased by 9,000 people while part-time employment increased
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 14 points. Johnson & Johnson has offered to pay about $4 billion to settle all lawsuits in the U.S. accusing the company of contributing to the opioid-addiction epidemic U.S. government-bond prices rose intraday after worse-than-expected
READ MOREUS stocks rose yesterday as the market reacted to positive earnings from JP Morgan. The biggest bank in the US had a profit of more than $9.08 billion on revenues of $29.34 billion. This was the seventh straight month of profit increases. Meanwhile, Goldman Sachs saw its profit decline by 26% on low levels of
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 52 points. Goldman Sachs’s third-quarter earnings fell as the market turned against some of the firm’s stockholdings and new initiatives took time to yield positive results. Global growth is expected to fall to 3%
READ MOREIt will be an important day for the financial markets as the earnings season for the United States is set to start. Later today, the market will receive the third quarter earnings from the big banks and several other important companies. The key banks that will release their earnings will be JP Morgan, Citi, Wells
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
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