Chinese electric car start-up Nio said Tuesday a global chip shortage will force it to produce fewer cars in the second quarter.
Archiv für den Monat: März 2021
Tax hikes, furlough extensions and a hawkish tone: Analysts’ predictions for the UK budget
As British Finance Minister Rishi Sunak prepares to set out the country’s path to recovery, analysts are weighing the possibility of tax hikes and a nod to future fiscal tightening.
Target earnings top estimates as sales rise 21%, boosted by a surge of post-holiday shoppers
The big-box retailer already reported holiday sales, but its online sales gained momentum into January as Americans received $600 stimulus checks.
Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021
Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts‘ estimates.
Zoom pops as company beats expectations and issues strong guidance
Zoom expects to keep the revenue growth coming in the quarters ahead, although it won’t be at pandemic levels.
Markets Week Ahead: Nasdaq, US Dollar, Gold, Yields, RBA Decision, OPEC, NFPs
Markets swung wildly last week with volatility underpinned by a huge move higher in bond yields and the US Dollar as investors hammered stocks lower. Traders look to the RBA, OPEC, and NFPs ahead.
EU says it is confident it can vaccinate 70% of adult population by summer
EU says that its joint vaccine strategy is not unravelling
Most countries tend to sandbag the vaccine timeline as anything better will just make the incumbent government look good. As much as we want to believe that health priorities come first, politicians will be politicians at the end of the day.
Most countries tend to sandbag the vaccine timeline as anything better will just make the incumbent government look good. As much as we want to believe that health priorities come first, politicians will be politicians at the end of the day.
Oil steadies after earlier drop, OPEC remains in focus
Oil claws back earlier losses to unchanged levels around $60.65
WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting later in the week.
WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting later in the week.
Yields creep a little higher on the session
The sentiment in the bond market is keeping the overall market mood more delicate once again in European morning trade
10-year Treasury yields are up 2 bps to session highs of 1.439% while Italian 10-year yields are seen up 5 bps to 0.71% and German 10-year yields are up 1 bps to -0.32%.
10-year Treasury yields are up 2 bps to session highs of 1.439% while Italian 10-year yields are seen up 5 bps to 0.71% and German 10-year yields are up 1 bps to -0.32%.
Germany reportedly to allow shops to reopen under strict conditions under modified lockdown
Reuters reports, citing a draft agreement seen on the matter
One of the conditions is that shops in certain areas will be allowed to reopen where the infection rate is seen below 35 per 100,000. For some context, the general 7-day incidence rate for the country stood at 65.4 in the latest update today.
One of the conditions is that shops in certain areas will be allowed to reopen where the infection rate is seen below 35 per 100,000. For some context, the general 7-day incidence rate for the country stood at 65.4 in the latest update today.