A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images Don’t break out the party hats just yet: Despite recent signs that inflation is cooling, the fight to bring down the meteoric price increases of the past three years is far from over.
Month: July 2023
In this article UNH Follow your favorite stocksCREATE FREE ACCOUNT Representatives speak with customers at a UnitedHealthcare store in Queens, New York. Michael Nagle | Bloomberg | Getty Images UnitedHealth Group’s stock price jumped Friday after the health-care conglomerate reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations despite rising medical costs. The
Share: Gold price attracts some buying on Tuesday, albeit lacks bullish conviction. A modest US Dollar weakenss is seen lending support to the precious metal. The uncertainty over the Fed’s rate hike path caps gains for the XAU/USD. Gold price builds on the overnight bounce from the $1,946-$1,945 area, or a multi-day low and gains
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The AUDUSD is coming off of the boil that saw the price move sharply to the upside over the last few trading days. That move to the upside saw the pair test the 61.8% retracement of the 2023 trading range at 0.68899. The price also moved up to test the high price from June 2023
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Gold prices on Friday were set for their biggest weekly gain since April, as the U.S. dollar hovered close to a more than one-year low on bets the Federal Reserve will soon hit the brakes on interest rate hikes. Spot gold was steady at $1,958.45 per ounce by 0051 GMT, and up 1.8% for the
Dollar’s extended selloff continues today, showing no clear signs of a turnaround. The slump comes on the back of the release of PPI and jobless claims data, which failed to inspire optimism among Dollar bulls. Meanwhile, global risk-on sentiment is prevailing, with noticeable rally in stock markets and corresponding dip in treasury yields. Japanese Yen
A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty Images The producer price index for June had a smaller than expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States. The PPI for final demand rose
Qatar Airways logo is seen on a plane model. Nurphoto | Nurphoto | Getty Images Qatar Airways announced record annual revenue Thursday after the company’s finances were bolstered by the FIFA World Cup, which was hosted in Qatar last year. Qatar Airways Group reported that passenger revenue was up 100% during its fiscal year 2022/23,
Share: “China has not seen deflation, no deflationary risks in the second half of 2023 (H2 2023),” per the latest comments from People’s Bank of China (PBoC) Deputy Governor Guoqiang Liu. The PBoC official also mentioned that the Consumer Price Index (CPI) could decline further in July before improving in August. “Central Bank has ample tools,”
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EURUSD moves above swing area. Stay above is bullish. The EURUSD is trading to a new session high as European traders look to exit for the day. The price has now moved above a swing area between 1.09618 and 1.09759 (see red numbered circles). That swing area has been defined going back to June 16.
The major European indices closed higher on the day. A snapshot of the closing levels shows: German DAX, +0.45% Frances CAC, +0.45% UK’s FTSE 100, +0.23% Spain’s Ibex, +0.04% Italy’s FTSE MIB, +0.28% in other markets as European traders look to exit: crude oil is down $0.18 or -0.24% at $73.68 Gold is trading down