That’s quite the boost and makes Twitter one of the big movers before the open later today. For some context, the stake makes Elon the single largest shareholder in Twitter. Here’s a list of the other names (h/t @ itsTarH):

Just last week, Musk asked about creating a new social media platform b

EUR/USD is down 0.4% to a session low of 1.1010 as the euro has nearly wiped out its jump from last week, which came on the back of peace hopes initially here.

There are some modest expiries rolling off today at 1.1000-10 so that could be a factor attracting price action but for now, sellers a

Talks were scheduled to resume today but so far there have been little signs of a potential breakthrough following the optimism from last week here. The good thing is that talks are still ongoing but the next big development to watch for – at least for risk trades – will be whether or not we will se

Sees German growth of 2% this yearBut there are considerable risksThe situation would be even worse if Russian oil and gas supplies were to be haltedA significant recession in Germany would then be unavoidableCalls on ECB to end asset purchases and signal start of rate hikesAgain, no surprises that

I’m not going to draw any fancy lines on the chart but a glance at the monthly oil chart stands out because of the looming mirror image from April 2020, when prices went deeply negative only to leave a largely unchanged candle.
This time it’s a different geopolitical event but much of the s

Federal Reserve Bank of New York President John Williams spoke to a symposium at Princeton University’s Griswold Center for Economic Policy Studies.
He said the process of reducing the size of the Federal Reserve’s balance sheet could begin at the next meeting, May 3 & 4. The Fed holds around US$9

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2.
„We previously discussed a bias to fade USDCAD rallies in the 1.29s
as wave 5 of the pattern was estimated to complete there. On March 8

Barclays Research discusses NZD outlook and adopts a neutral bias in the near-term.
„The NZD will likely track broader risk sentiment but could
outperform the AUD, especially on any derisking on data, developments or
ahead of the RBA (5

Stocks push higher into the close. Snatch victory from the jaws of defeat
Key events and releases for next week
WTI crude oil futures settle at $99.27
European Commission says gas companies should pay Russia in dollars or euros
Atlanta Fed GDPNow estimate ticks up to 1.5% from

The major indices are closing higher after a late session surge take the Dow and S&P toward the highs and reverse declines in the NASDAQ index. The major indices snapped a two day decline. The Russell 2000 index was the biggest gainer today. The final numbers are showing: Dow industrial average