Expectations for Goldman were running high after JPMorgan Chase and Citigroup posted strong trading, and the firm delivered.
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Floods and the coronavirus create more uncertainty for China as food prices climb
Elevated food prices are just one of many new challenges China needs to face in the wake of the coronavirus outbreak.
Coronavirus vaccine is closer than the market thinks, Wharton’s Jeremy Siegel predicts
Wharton finance professor Jeremy Siegel expects a game changer to surprise a „pretty resilient“ market.
Goldman Sachs shares jump as earnings blow past the Street on the best trading results in years
Expectations for Goldman were running high after JPMorgan Chase and Citigroup posted strong trading, and the firm delivered.
Insurer UnitedHealth warns of cost rebound after strong quarterly profit
UnitedHealth said on Wednesday its second-quarter profit more than doubled, helped by lower medical costs due to a fall in health-care utilization following coronavirus-fueled lockdowns and social distancing.
PNC Financial’s profit more than doubles on gain sale of stake in BlackRock
PNC Financial’s second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock.
ForexLive European FX news wrap: Vaccine hopes bolster risk sentiment
Forex news from the European trading session – 15 July 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 1.3%
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 1.3%
Dollar eases further as risk rally extends on vaccine news
The greenback falls further ahead of North American trading
The boosted risk trades early on before the solidified the risk momentum and helped to give buyers an extra nudge in the past hour or so.
The boosted risk trades early on before the solidified the risk momentum and helped to give buyers an extra nudge in the past hour or so.
US MBA mortgage applications w.e. 10 July +5.1% vs +2.2% prior
Latest data from the Mortgage Bankers Association for the week ending 10 July 2020
– +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump
– +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump
France says that it believes a deal can be reached on EU recovery fund this week
Comments by the Élysée office
I reckon we may see some compromise eventually, perhaps even by the end of the month. Kicking the can down the road sounds appealing for EU lawmakers, but maybe there’s too much at stake before the summer break.
I reckon we may see some compromise eventually, perhaps even by the end of the month. Kicking the can down the road sounds appealing for EU lawmakers, but maybe there’s too much at stake before the summer break.