S&P 500 approached key resistance
Further movement of the index will show whether the rise in the US stock market from the June lows is more than just a bearish rally. S&P 500 index chart in…
GBP/USD DIVES BELOW 1.2100 AFTER STELLAR US NFP, US INFLATION EYED
The GBP/USD prepares to finish the week with hefty losses of 0.78%. US labor data poured cold water on recession fears ahead of next week’s CPI. BoE’s Pill: The bank…
EUR/USD PRICE ANALYSIS: DECLINES TO FAMILIAR LEVELS ABOVE THE 20-DMA
The EUR/USD snaps two straight weeks of gains, drops 0.42%. The common currency is trendless, within the boundaries of 1.0096-1.0278. From a daily chart perspective, the EUR/USD might probe the…
US consumer credit rises by $40.5B vs 25.0B estimate
In US consumer credit rose $40.15B vs 25.0B est revolving credit increased by $14.8B Non revolving credit rose by $24.3B For the year, revolving credit rose by 14.6% while non-revolving…
EDF denies press reports on a proposed sale of Edison
French energy company EDF on Friday formally denied press reports of a plan to sell its Italian subsidiary Edison, a spokesman for the group said. „EDF completely refutes the information…
BP decided to get rid of its stake in Rosneft
The British oil and gas company BP decided to sell its 19.75% stake in Rosneft, which it owned in 2013, „because of Russia’s aggression against Ukraine.” The current head of…
Delivery service DoorDash increased quarterly revenue by 30%
American food delivery service DoorDash Inc. increased revenue in the second quarter by 30% compared to the same period last year – up to $ 1.6 billion, according to the…
Germany June industrial output +0.4% vs -0.3% m/m expected
Prior +0.2% The data is out a few minutes early on Reuters and it is an upside surprise to estimate. That said, it pertains to Q2 data which isn’t too…
The Central Bank proposed to introduce automatic additional capitalization of development institutions
The Bank of Russia proposes to provide for automatic mechanisms for additional capitalization of development institutions in connection with an increase in their role in the structural transformation of the…
Eurozone consumers fear stagflation, ECB study finds
Rather pessimistic expectations. According to a new monthly survey by the European Central Bank published on Thursday 4 August, consumers in the euro zone expect stagflation in the next twelve…