The Economic Cycle Research Institute’s Lakshman Achuthan builds a near-term bullish case for stocks in a special chart.
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De Niro-backed Nobu restaurants took more than a dozen PPP loans
Restaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government’s response to the economic impact of the coronavirus pandemic.
Stocks making the biggest moves after hours: Tesla, Red Rock Resorts, Fitbit and more
See which stocks are posting big moves after the bell.
ForexLive European FX news wrap: Aussie slips as Melbourne returns to lockdown
Forex news from the European trading session – 7 July 2020
Headlines:
Markets:
– GBP leads, AUD lags on the day
– European equities lower; E-minis down 0.8%
Headlines:
Markets:
– GBP leads, AUD lags on the day
– European equities lower; E-minis down 0.8%
UK’s Frost, EU’s Barnier to have dinner today to kick off latest round of Brexit talks
There will be meetings between the UK and EU throughout July
entire month
That said, both sides have mentioned that negotiations are set to only enter a „hot phase“ in September so that is likely where the real action will be at on Brexit.
entire month
That said, both sides have mentioned that negotiations are set to only enter a „hot phase“ in September so that is likely where the real action will be at on Brexit.
Equities pressured ahead of North American trading
S&P 500 futures down by nearly 1%
Stocks are seeing a pullback after a solid start to the new week yesterday, with European indices keeping around 1% losses for the most part and US futures also seen down by around 0.9% to 1.0% ahead of North American trading.
Stocks are seeing a pullback after a solid start to the new week yesterday, with European indices keeping around 1% losses for the most part and US futures also seen down by around 0.9% to 1.0% ahead of North American trading.
USD/JPY gradually creeps higher, approaches the 100-day moving average
USD/JPY pushes to a session high of 107.79 currently
The pair is having a very polarising start to the week, tracking lower yesterday amid a weaker dollar before reversing course in trading today to push just above the highs yesterday and close to a test of the 100-day MA (red line) @ 107.81 currently.
The pair is having a very polarising start to the week, tracking lower yesterday amid a weaker dollar before reversing course in trading today to push just above the highs yesterday and close to a test of the 100-day MA (red line) @ 107.81 currently.
BOJ likely to consider standing pat at next week’s policy meeting – report
Bloomberg reports, citing people familiar with the matter
The sources cited also mention that the BOJ continues to see a high degree of uncertainty surrounding the economy, but developments since April have been more or less panning out according to the central bank’s forecast.
The sources cited also mention that the BOJ continues to see a high degree of uncertainty surrounding the economy, but developments since April have been more or less panning out according to the central bank’s forecast.