The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.
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Klarna, Europe’s $5.5 billion fintech, sees losses rise sevenfold in the first half
Klarna is mostly known for its „buy now, pay later“ scheme that offers shoppers interest-free financing over a period of installments.
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The SEC approved a new type of direct listing where companies can simultaneously go public and raise cash from public market investors.
Stocks making the biggest moves in the premarket: Tiffany, Abercrombie & Fitch, Abbott Labs & more
The stocks making the biggest moves in premarket trading include Tiffany, Abercrombie & Fitch, Abbott Labs, and more.
Tiffany beats profit estimates, signals recovery after pandemic blow
The U.S. jeweler said worldwide sales in August so far were slightly higher than a year earlier, as the rebound in second-quarter revenues in China extended into the current quarter.
ForexLive European FX news wrap: All eyes on Powell
Forex news from the European trading session – 27 August 2020
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities a little lower; E-minis down 0.3%
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities a little lower; E-minis down 0.3%
China’s customs reportedly halts beef imports from Australia’s John Dee
China says that there were ‚prohibited drugs‘ found in the beef from John Dee imports
The latest move above adds to earlier duties on barley and other beef products from before, and also the anti-dumping probe on Australian wine last week .
The latest move above adds to earlier duties on barley and other beef products from before, and also the anti-dumping probe on Australian wine last week .
Dollar nudges a little higher as the market waits on Powell
Some light bids in the dollar, but all eyes stay on Powell
The greenback is up to session highs for the day now, but the move isn’t too extensive for the most part. EUR/USD is down to around 1.1800 and is breaching below its 100-hour moving average as sellers look to seize some near-term control for
The greenback is up to session highs for the day now, but the move isn’t too extensive for the most part. EUR/USD is down to around 1.1800 and is breaching below its 100-hour moving average as sellers look to seize some near-term control for
ICYMI: The agenda for the Jackson Hole symposium
Fed chair Powell will be due to speak at 1310 GMT
Among the key issues that the market will be anticipating in his speech will be on the inflation outlook and how the Fed will go about their future policy decisions based on that.
Among the key issues that the market will be anticipating in his speech will be on the inflation outlook and how the Fed will go about their future policy decisions based on that.
Heads up: Japan prime minister Abe press conference tomorrow confirmed for 0800 GMT
Japanese local media confirms the timing of the press conference
Abe will be speaking to the media and addressing concerns surrounding his health, after having made hospital visits in the past week. This has seen questions raised about his political future amid some criticism surrounding his handling of the virus pandemic as well.
Abe will be speaking to the media and addressing concerns surrounding his health, after having made hospital visits in the past week. This has seen questions raised about his political future amid some criticism surrounding his handling of the virus pandemic as well.