As bitcoin soars to new highs, the largest cryptocurrency exchange announced its intention to go public.
Archiv für den Monat: Dezember 2020
Olive Garden parent’s revenue falls 19% as new dining restrictions hit same-store sales
Darden Restaurants topped analysts‘ expectations for its quarterly earnings but fell short of estimates for its revenue.
FedEx beats quarterly earnings and revenue estimates but cites continued uncertainty of Covid pandemic
FedEx reported better-than-expected revenue for its most recent quarter but did not provide an earnings forecast for fiscal 2021, citing continued uncertainty.
Wilbur Ross confirms that US has moved to blacklist China’s top chipmaker SMIC
US commerce secretary, Wilbur Ross, confirms the earlier report
This relates to the earlier report at the start of the session (⬆). Ross adds that there is a total of 77 companies that is being added to the so-called entity list.
This relates to the earlier report at the start of the session (⬆). Ross adds that there is a total of 77 companies that is being added to the so-called entity list.
Brexit: European Commission says it is unknown if or when there will be a deal
Says that many issues still remain on fisheries
That is largely to do with ratification before the year-end i.e. possible brief period of no-deal after 31 December if both sides can eventually reach a compromise.
That is largely to do with ratification before the year-end i.e. possible brief period of no-deal after 31 December if both sides can eventually reach a compromise.
UK December CBI trends total orders -25 vs -40 expected
Latest data released by UK CBI – 18 December 2020
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
China says prudent monetary policy to be more reasonable in 2021
Comments via Chinese state media, Xinhua
Essentially, China is keeping the status quo as we look towards the new year. It was earlier this month that policymakers were comfortable with letting the yuan run further to the upside, and that remains the case as we look to round off the year.
Essentially, China is keeping the status quo as we look towards the new year. It was earlier this month that policymakers were comfortable with letting the yuan run further to the upside, and that remains the case as we look to round off the year.
Pound falls to fresh lows for the day, Brexit agreement remains elusive
GBP/USD closes in on 1.3500 in European morning trade
The quid is hitting fresh lows on the day now with cable easing back towards 1.3500 and testing the 23.6 retracement level of the recent swing higher @ 1.3509.
The quid is hitting fresh lows on the day now with cable easing back towards 1.3500 and testing the 23.6 retracement level of the recent swing higher @ 1.3509.