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Top Wall Street Strategist: The S&P 500 Could Hit As High As 8,800 This Year, But a 10-20% Drop May Come First
Fundstrat’s Tom Lee laid out a roadmap for where he saw the market going for the rest of the year on...
US Equity Markets Higher as Chipmakers Rally; Dow Rises to Record
US equity indexes closed higher on Monday with the Dow Jones Industrial Average rising to a record a...
Chip Stocks Bounce Back, Fueling Nasdaq Rally
All three major indexes closed in the green Monday as chip stocks roared back. The tech-heavy Nasda...
Singapore Foreign Reserves (MoM) climbed from previous 419.2B to 427.3B in April
Singapore Foreign Reserves (MoM) climbed from previous 419.2B to 427.3B in April
Forex Today: US Dollar retreats on US-Iran peace hopes
Here is what you need to know on Thursday, May 7:
France 10-y Bond Auction fell from previous 3.73% to 3.61%
France 10-y Bond Auction fell from previous 3.73% to 3.61%
Eurozone Retail Sales (MoM) came in at -0.1%, above expectations (-0.3%) in March
Eurozone Retail Sales (MoM) came in at -0.1%, above expectations (-0.3%) in March
Eurozone Retail Sales (YoY) above expectations (1%) in March: Actual (1.2%)
Eurozone Retail Sales (YoY) above expectations (1%) in March: Actual (1.2%)
USD: Softer tone as Fed seen delaying cuts – MUFG
MUFG’s Lloyd Chan notes the US Dollar (USD) has softened as US Dollar Index (DXY) retests support and US yields fall, while equities hit new highs. Recent US data show stronger ADP employment but worr ...
WTI Oil dips to levels approaching $90.00 amid Hormuz opening rumours
Crude Oil prices extend losses for the third consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) trading at $90.66 at the time of writing, as progress in the US-Iran peace ...
ECB’s Villeroy: Next move should be guided by the data, not the date
European Central Bank (ECB) policymaker and Bank of France Governor Francois Villeroy de Galhau said in the European trading session on Thursday that the central bank should focus on the data and not ...
Oil: Prices steady after sharp conflict-driven selloff – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil and gas prices dropped sharply as Iran considered a new US proposal that could gradually reopen the Strait of Hormuz and ease supply risks.
United Kingdom S&P Global Construction PMI registered at 39.7, below expectations (45.7) in April
United Kingdom S&P Global Construction PMI registered at 39.7, below expectations (45.7) in April
Euro area: Energy shock rekindles price pressures – Societe Generale
Societe Generale economists Sam Cartwright, Michel Martinez and Jorge Garayo analyse Euro Area inflation following the latest energy shock. They note headline inflation has already risen to 3% and exp ...
GBP/JPY flatlines around 212.50 amid UK elections, Yen intervention risks
The Pound (GBP) trades practically flat around 212.50 against the Japanese Yen (JPY) on Thursday.