Archiv für den Monat: April 2023
SEC’s Gensler in congressional hot seat today over climate change and crypto
Oversight hearings are normally a snoozefest, but this one has the potential for fireworks.
Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, Sunrun and more
Shares of Goldman Sachs shed nearly 4% after missing revenue estimates in its first-quarter earnings released before Tuesday’s opening bell.
Bank of America posts first-quarter results that top expectations on higher rates
Bank of America reported first-quarter earnings and revenue that topped expectations before the bell Tuesday.
Britain could see crypto-specific regulation in the next 12 months, top lawmaker says
The British government laid out plans in February to regulate cryptoassets and opened its suggestions up for consultation.
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
A hangover from Goldman’s consumer efforts and weaker-than-expected bond trading revenue contributed to a disappointing quarter for the investment bank.
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
A hangover from Goldman’s consumer efforts and weaker-than-expected bond trading revenue contributed to a disappointing quarter for the investment bank.
Bank of America posts first-quarter results that top expectations on higher rates
Bank of America reported first-quarter earnings and revenue that topped expectations before the bell Tuesday.
Johnson & Johnson beats on earnings and revenue, raises full-year guidance
J&J, whose financial results are considered a bellwether for many health companies, said its first-quarter sales grew 5.6% over the same quarter last year.
ForexLive European FX news wrap: UK wages run hot, dollar rebound faces setback
Headlines:
- Stocks in a better mood so far today
- UK March payrolls change 31k vs 98k prior
- Germany April ZEW survey current conditions -32.5 vs -40.0 expected
- BOJ’s Ueda: Positive signs are emerging in prices, wage growth
- JP Morgan, Citi upgrade China 2023 full-year GDP growth forecast
Markets:
- NZD leads, USD lags on the day
- European equities higher; S&P 500 futures up 0.4%
- US 10-year yields down 2.3 bps to 3.567%
- Gold up 0.5% to $2,004.21
- WTI crude down 0.2% to $80.70
- Bitcoin up 2.8% to $30,287
It was a relatively quiet session but markets were active, with the dollar slumping as it gets dragged back into the mud after the gains on Friday and Monday. This comes as equities are seen more upbeat, perhaps cheering on the more robust China Q1 GDP data earlier in the day.
The pound also caught a bit of a lift as UK wage pressures continue to run hot, beating on estimates. Put together the above factors and GBP/USD is running up by 0.5% to 1.2430 levels now, up from around 1.2385 earlier today.
As the dollar softened, EUR/USD is seen moving up from 1.0930 to 1.0980 while USD/JPY also dropped from 134.50 to 133.90 with Treasury yields also reversing to fall lower during the session.
The antipodeans are also enjoying life today with AUD/USD up 0.6% to 0.6740 and NZD/USD up 0.6% to 0.6220 at the moment, hanging at the highs for the day.
In other markets, gold is also quietly climbing back above the $2,000 mark as it capitalises on the dollar’s weakness while we are seeing Bitcoin also shoot higher in the last 15 minutes in a burst back above $30,000.
This article was written by Justin Low at www.forexlive.com.