Latest Market News
Shares of Exxon Mobil Corp. XOM, +0.90% rallied 1.8% toward a 2 1/2-year high in premarket trading Tuesday, after the oil giant swung to a net profit, with adjusted results beating estimates, and reported a more than 80% rise in revenue, although it came up shy of forecasts. Net income was $8.87 billion, or $2.08 […]
EURUSD is rising amid “renascence” of enthusiasm for risks. The major currency pair continues growing on Tuesday. The current quote for the instrument is 1.1262. The risk attitude in financial markets is improving and that makes the “greenback” less attractive. In the meantime, the statistics from Germany showed that the Retail Sales dropped 5.5% m/m […]
AUDUSD is trying to keep its positive momentum. The Australian Dollar continues growing against the USD on Tuesday. The current quote for the instrument is 0.7080. The Reserve Bank of Australia had another meeting today and decided to keep the benchmark interest rate intact at 0.1%, the same as expected. However, something did happen. The […]
Equities Rebound As Dollar Tanks On Softer Fed CommentaryBenchmark global equities indices are starting February on the front foot with risk assets rebounding firmly this week following the heavy sell off seen over the prior fortnight. Equities appear to have taken some solace in the dialling back of hawkish Fed commentary following comments from Fed’s […]
CitiEuropean OpenLunar new year holidays ensured that it was quiet overnight, with just AUD markets in focus. This gave market participants some time to digest Monday moves, which saw US equities rally into the close. We suspect this was driven by a combination of short covering, month end flow, and slightly dovish Fedspeak relative to […]
It’s a blow for the NFT space as Kanye West, or Ye, lashes out against the tokens in an Instagram post. 545 Total views 23 Total shares Kanye West won’t be purchasing a Bored Ape Yacht Club nonfungible token (NFT) any time soon. In a strongly worded Instagram post made on Monday, Ye stated “Do […]