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Lululemon sales fall 17% as retailer takes hit from stores being closed, shares drop
Lululemon reported a first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic.
Taco Bell same-store sales decline as chain loses breakfast and late-night customers
Yum Brands said Tuesday that Taco Bell’s U.S. same-store sales have declined by high-single digits so far in the quarter.
ForexLive European FX news wrap: Dollar, yen weaker on equities pullback
Forex news from the European trading session – 12 June 2020
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 2.0%
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 2.0%
BOE may cut rates to 0% in August – BofA
BofA says zero rates may be the only option the BOE has to deliver more stimulus in order to counteract the economic fallout in the UK
The firm expects the BOE to expand its bond-buying programme next week by £100 billion, something which should not be much of a surprise given that policymakers have hinted that
The firm expects the BOE to expand its bond-buying programme next week by £100 billion, something which should not be much of a surprise given that policymakers have hinted that
European Commission outlines further post-Brexit trade negotiating rounds for July to September
The commission publishes an addendum for the negotiating rounds
„Negotiating rounds will take place in July, August and in September, unless agreed otherwise
between the parties. Subject to any constraints required by the relevant national health
recommendations, negotiating groups will meet physically,
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UK, EU leaders high-level call scheduled for 1230 GMT on 15 June
Brexit talks among that on the agenda
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For bank trade ideas, check out eFX Plus
Six months later, not much has changed..
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For bank trade ideas, check out eFX Plus
Six months later, not much has changed..