Latest Market News
Shares of NOV Inc. NOV, -3.47% dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia’s invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target […]
CVS Health Corp. CVS, -0.59% Chief Executive Karen Lynch has removed several executives, following the health care services and drug store chain’s internal probe into how sexual harassment complaints were handled, according to a report in The Wall Street Journal. Citing people familiar with the matter, the WSJ report said CVS’s investigation came after Lynch […]
Oil futures rose on Friday, as traders weighed ongoing worries about global energy supplies against a move by the U.S. to boost pressure on Russia to halt its assault on Ukraine. The U.S. and its international partners will move to revoke Russia’s trade status, which would lead to higher tariffs on Russian goods. West Texas […]
EURUSD, “Euro vs US Dollar” After completing the descending impulse at 1.1000, EURUSD is consolidating around this level. Possibly, the pair may form one more ascending structure to reach 1.1040 and then resume falling to break 1.0960. Later, the market may continue trading downwards with the target at 1.0880. GBPUSD, “Great Britain Pound vs US […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 1/8 and then continue moving upwards to reach the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks the support at 0/8 […]
Credit AgricoleAsia overnightEven though oil prices remain in retreat, rising US inflation and the news-flow on the Ukraine crisis kept risk on the back foot. News that several Chinese companies will be forced by the US government to de-list from US bourses added to the negative sentiment of stocks in Mainland China and Hong Kong. […]