The S&P 500 hovered near a record high on Tuesday, pausing ahead of the key Federal Reserve decision slated for Wednesday.
Archiv für den Monat: November 2021
Under Armour shares soar as earnings beat prompts retailer to hike annual outlook
CEO Patrik Frisk credited strong marketing efforts that are boosting affinity for the athletic apparel maker’s brand for its improved sales.
BP posts $3.3 billion third-quarter profit, beating estimates as oil prices surge
Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices.
ForexLive European FX news wrap: Dollar, yen lead on bond bids, aussie struggles post-RBA
Forex news from the European trading session – 2 November 2021
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities mixed; S&P 500 futures flat
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities mixed; S&P 500 futures flat
China premier Li Keqiang: Will keep economic operations within reasonable range
Remarks by China premier, Li Keqiang, via state media
This just reaffirms that local authorities will provide the necessary support in managing economic activity amid the power crunch that is impacting the country. Nothing new to the language so that’s the main takeaway, if anything else.
This just reaffirms that local authorities will provide the necessary support in managing economic activity amid the power crunch that is impacting the country. Nothing new to the language so that’s the main takeaway, if anything else.
Dollar keeps firmer for the most part so far today
Dollar only seen trading weaker against the yen
Outside of that, the greenback is keeping a slight advance with EUR/USD lingering around 1.1590 levels as the pair holds below its key hourly moving averages @ 1.1608-16 with large expiries seen expiring later today at 1.1585.
Outside of that, the greenback is keeping a slight advance with EUR/USD lingering around 1.1590 levels as the pair holds below its key hourly moving averages @ 1.1608-16 with large expiries seen expiring later today at 1.1585.
USD/JPY lower but not breaking out of range just yet
USD/JPY weighed down by lower bond yields on the day
The pair is down 0.4% to 113.50 levels currently but is still holding above recent support around 113.40 with the low last week seen at 113.25.
The pair is down 0.4% to 113.50 levels currently but is still holding above recent support around 113.40 with the low last week seen at 113.25.
Supply issues bringing back pandemic approach to reviewing PMI data
A jump in supplier delivery times was a key detail across the manufacturing PMI reports in Europe today
The German report especially underscored the issue this has on the headline PMI reading:
The German report especially underscored the issue this has on the headline PMI reading: