Stocks ended the week on a high note, with the Dow erasing its 2020 losses.
Archiv für den Monat: August 2020
Stocks making the biggest moves midday: Ulta, Coca-Cola, DraftKings & more
Check out the companies making headlines in midday trading.
Wirecard’s UK unit confirms plan to sell assets after disgraced payments firm goes bust
Wirecard Card Solutions will meet Friday to outline the terms of a sale of its card technology and associated U.K. assets to Railsbank.
Oil Price Outlook Mired by Rebound in Crude Production
A further rebound in crude production may drag on the price of oil as signs of a protracted recovery dampens the outlook for global demand.
Australian Dollar May Rise on RBA, Economic Outlook, Strong Risk Appetite
The Australian Dollar may rise following the RBA rate decision amid signs of economic stabilization and resilient risk appetite despite still-precarious fundamentals.
The factors supporting gold to remain in place – further upside for the price
Analysis via ANZ, who remain bullish on gold this coming week and new month:
ForexLive Americas FX news wrap: Dollar circles the drain
Forex news for New York trade on August 28, 2020:
Markets:
– Gold up $35 to $1964
– WTI crude flat at $42.97
– US 10-year yields down 3 bps to 0.72%
– S&P 500 up 23 points to record 3508
The resignation of Abe in Japan resonated throughout the world and led to a round of yen strength as political
Markets:
– Gold up $35 to $1964
– WTI crude flat at $42.97
– US 10-year yields down 3 bps to 0.72%
– S&P 500 up 23 points to record 3508
The resignation of Abe in Japan resonated throughout the world and led to a round of yen strength as political
US stocks finish strongly to cap another great week in global equities
Closing changes for the main bourses
On the week:
Europe weekly:
I that this party was going to last a long time.
warned you back in June
On the week:
Europe weekly:
I that this party was going to last a long time.
warned you back in June
Mexican peso falls to a two-month low. Watch the chart
Continuation of the trend
One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most — if not all — are way below pre-pandemic levels.
One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most — if not all — are way below pre-pandemic levels.
Dallas Fed July trimmed mean PCE price index +2.0% vs +1.4% prior
What inflation?
There is some poetry in how the Fed is suddenly dismissing inflation.
There is some poetry in how the Fed is suddenly dismissing inflation.