London copper prices on Monday scaled to their highest in more than one month, as relaxation of COVID-19 lockdowns in top metals consumer China and hopes that the United States would cut tariffs on Beijing lifted sentiment. Three-month copper on the London Metal Exchange was up 2.1% at $9,695 a tonne, as of 0352 GMT,
Month: June 2022
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no
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What you need to take care of on Friday, June 3: The greenback changed course on Thursday and gave up all of its Wednesday gains and more. Easing government bond yields and tepid US employment-related figures put pressure on the American currency, later weighed by the positive tone of Wall Street. Concerns related to economic
Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is
As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil
EURUSD bounces ahead of the 38.2% retracement The EURUSD move sharply lower on the back of the run into the USD after stronger data today. The price moved down to and through recent swing lows at 1.06787, 1.0661 and the swing area between 1.0633 to 1.0641. What was not reached was the 38.2% of the
Here’s a look at the major indices in Europe and US futures: Eurostoxx +0.7% Germany DAX +0.8% France CAC 40 +1.0% Spain IBEX +0.2% S&P 500 futures +0.5% Nasdaq futures +0.6% Dow futures +0.4% It is a London holiday so it is making for some quieter trading in Europe but there are some decent moves
In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
Gold prices retreated further on Thursday as the greenback strengthened, denting bullion’s demand among investors. However, lower treasury yields capped losses. Benchmark US 10-year Treasury yields dipped, buoying the appeal of zero-yield gold. However, the dollar steadied after hitting a more than one-week peak on Wednesday, making bullion less attractive for overseas buyers. Gold futures
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he won’t hesitate to back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told the Wall Street
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