China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased.
Nvidia earnings beat expectations, its data center business is bigger than its gaming business for the first time ever
With help from the $7 billion Mellanox acquisition, Nvidia’s data center business delivered more revenue than the company’s gaming unit for the first time.
Victoria’s Secret parent L Brands shares jump on better-than-expected quarterly sales
Victoria’s Secret owner L Brands on Wednesday said its sales fell 20% during the latest quarter with stores closed due to the pandemic, but they weren’t as bad as analysts feared, buoyed by the strength of its soaps and fragrances division.
ForexLive European FX news wrap: Dollar mixed, risk mood keeps more cautious
Forex news from the European trading session – 20 August 2020
Headlines:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
– US 10-year yields down 2.7 bps to 0.652%
Headlines:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
– US 10-year yields down 2.7 bps to 0.652%
ECB: Recent positive market developments not fully backed by economic data
ECB releases the account of its July 2020 monetary policy meeting
– Financial market conditions had continued to normalise
– They remain tight and more fragile than before the pandemic
There isn’t anything new with regards to the ECB’s policy stance and their take on recent economic developments. They are very much in wait-and-see mode right now but
– Financial market conditions had continued to normalise
– They remain tight and more fragile than before the pandemic
There isn’t anything new with regards to the ECB’s policy stance and their take on recent economic developments. They are very much in wait-and-see mode right now but
US futures trim losses ahead of North American trading
That sets up a more interesting session later in the day
S&P 500 futures have trimmed losses to 5-6 points now after having been down by as much as 26 points earlier today. The European session low saw futures slip by 0.7% or by 22 points before recovering to current levels.
S&P 500 futures have trimmed losses to 5-6 points now after having been down by as much as 26 points earlier today. The European session low saw futures slip by 0.7% or by 22 points before recovering to current levels.
Cable creeps back a little higher above 1.3100 as buyers wrestle back some near-term control
GBP/USD pushes to session highs for the day, price action now in a battle between the key hourly moving averages
Near-term support at around 1.3067-74 held earlier today and that is helping to see buyers try to wrestle back some control in a push back above 1.3100 on the session.
Near-term support at around 1.3067-74 held earlier today and that is helping to see buyers try to wrestle back some control in a push back above 1.3100 on the session.
There are signs that the euro upside move is maturing, favours taking profit – Deutsche Bank
Deutsche Bank argues that the euro may have hit a top for now
Adding that any move towards 1.2300 in EUR/USD would make the range lean towards the extreme side and see ‚ultimate exhaustion‘.
Adding that any move towards 1.2300 in EUR/USD would make the range lean towards the extreme side and see ‚ultimate exhaustion‘.