Latest Market News
EURUSD, “Euro vs US Dollar” The pair has reached the local goal of the wave of growth at 1.0090. Today the market is forming a consolidation range under this level. The range may extend upwards to 1.0157. After this level is reached, a wave of decline should start to 0.9855. GBPUSD, “Great Britain Pound vs […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI is nearing the oversold area. As a result, we should expect a decline to the nearest support at 4/8 (0.9765), after which correctional […]
Shares of Altra Industrial Motion Corp. AIMC, +48.37% rocketed 48.1% toward an 11-month high in premarket trading Thursday, after the electromechanical power transmission motion controls company announced an agreement to be acquired by Regal Rexnord Corp. RRX, -12.81% in a cash deal with an enterprise value of $4.95 billion. Regal’s stock was still untraded in […]
The Chinese city of Wuhan, where the coronavirus pandemic first started, has been locked down again as China moves to halt a widening outbreak of cases, Reuters reported. China on Thursday reported a third straight day of more than 1,000 new COVID cases nationwide, a modest tally compared with the tens of thousands per day […]
LKQ Corp. LKQ, +2.75% said Thursday that it raised its quarterly dividend by 10.0%, and boosted its stock repurchase program by $1 billion. The auto parts company’s new dividend of 27.5 cents a share, up from 25.0 cents a share will be payable Dec. 1 to shareholders of record on Nov. 17. Based on Wednesday’s […]
Danske Bank DANSKE, +12.05% shares surged 11% — the top performing Stoxx Europe 600 component — after booking an additional provision of 14 billion kronor ($1.9 billion) for potential fines from U.S. and Danish authorities over money laundering in Estonia. “Our dialogue with the authorities is ongoing, and while there is still uncertainty that a […]