Financial news

06.05.2021 08:00:21

Oil slides as U.S. gasoline stocks climb for a fifth week

Oil prices dropped on Thursday as U.S. gasoline stockpiles, the world’s biggest oil consumer, climbed for a fifth straight week. Still, a drawdown in crude inventories helped cap losses.  Brent crude oil futures were down 0.2%, ...
06.05.2021 08:00:20

Dollar hovers near two-week high, investors eye U.S. jobs data for Fed clues

The dollar lingered below a two-week top on Thursday, consolidating ahead of a key U.S. jobs report that may include hints at a shift in monetary stimulus by the Federal Reserve.  The greenback rose from a one-month low over the past ...
06.05.2021 08:00:20

Britain’s Next upgrades profit projection for second time in two months

Next, a British-based fashion retailer increased its full-year profit projection for the second time in two months after posting stronger-than-expected first-quarter trading. Next reported on Thursday its central guidance for pretax profit ...
06.05.2021 07:00:11

U.S. service sector decelerates in April

The services industry of the United States posted a mild contraction in April. The deceleration could be attributed to shortages of inputs as the country’s large stimulus package and improving public environment boosted demand. The Institute ...
06.05.2021 07:00:10

U.S. private payrolls reach historic peak in seven months

U.S. private payrolls reached their highest level in seven months in April. The expansion was mainly from an increase in production brought about by surging demand. This indicated that the economy was gaining tighter momentum on the government’s ...
06.05.2021 07:00:10

Gold up ahead of U.S. job data release

Gold edged up in Asian trade on Thursday ahead of the release of U.S. non-farm payroll data, and the benchmark 10-year U.S. Treasury yield and the dollar also rose. Gold futures improved 0.27% to $1,789.15. The U.S. ADP Nonfarm Employment ...
05.05.2021 13:00:10

Asian shares stagnant; holidays minimize tech plunge

Asian share markets traded cautiously for four consecutive sessions on Wednesday. This followed after investors’ sentiment was dampened by a tech selloff in Wall Street and rising interest rates in the United States. Holidays in Japan, ...
05.05.2021 13:00:10

Lyft posts sustained profit on cost cuts, upbeat demand

Lyft Inc posted better-than-expected profits on Tuesday. More so, it pledged to deliver dependable and seasonally adjusted profits in the third quarter as cost reduction allowed the company to earn more. For five consecutive days, Lyft’s ...
05.05.2021 13:00:10

Oil rises on steep U.S. crude stocks drop

Oil prices climbed almost 1% on Wednesday, extending overnight gains after industry data showed U.S. crude inventories slid more than expected last week. The decline reinforced bullish views on fuel demand in the United States. U.S. West Texas ...
05.05.2021 13:00:09

Dollar rallies as risk appetite fades

The dollar reached a two-week high on Tuesday as risk appetite faded amid a stock sell-off. This came after U.S. Treasury Secretary Janet Yellen said that interest rates may need to increase to prevent the economy from overheating. The dollar’s ...
05.05.2021 07:00:10

European stock futures mixed on Wednesday

A sharp decline in the tech sector overnight ahead of a new round of corporate earnings caused mixed results for European stock markets on Wednesday. Germany’s DAX futures gained 0.2%. CAC 40 futures in France declined 0.3%. The U.K.’s ...
05.05.2021 07:00:10

Firming dollar, interest rate hike drag gold down

Gold had a lackluster start on Wednesday trade in Asia as the dollar strengthened and the interest rate hike concern grew. Gold futures lowered 0.60% to $1,781.10. The greenback, which usually moves inversely to gold, was up on Wednesday. According ...
04.05.2021 14:00:10

Oil climbs over 1% as demand hopes boost sentiment

Oil climbed over 1% on Monday as China’s economic figures and speedy U.S. vaccination rollouts pointed to a strong demand recovery in the world’s two largest economies. However, investors remain wary over worsening COVID-19 infections ...
04.05.2021 14:00:10

Dollar slides on lower manufacturing data; traders look to payrolls

The dollar fell on Tuesday, following a surprise slowdown in U.S. manufacturing growth that prompted traders to trim bets on a stronger U.S. economy lifting the dollar. With Asia trade muted, the dollar rose from overnight levels to sit at ...
04.05.2021 09:00:11

Asian shares gain on recovery hopes

Asian share markets recorded a positive performance on Tuesday. The series of gains could be attributed to signs of recovery from the COVID-19 crisis as major economies across the world resumed their economic activity.   MSCI’s ...
04.05.2021 09:00:11

U.S. manufacturing decelerates on restricted supply

The United States saw a decline in its manufacturing activity in April. The contraction came after inputs decreased on rising coronavirus vaccinations and massive fiscal stimulus. The Institute for Supply Management’s index of national ...
04.05.2021 09:00:10

RBA keeps rate near zero as economy recovers rapidly

The Reserve Bank of Australia kept its rates near zero for a fifth straight meeting on Tuesday and vowed to keep policy super loose for a prolonged period despite the rapid pace of the country’s economic recovery from the coronavirus ...
03.05.2021 15:00:13

Gold shines over downbeat dollar

Gold shone on Monday in Asian trade as the dollar had a silent day for the first trading session of the month while investors await more U.S. economic data this week. Gold futures edged up 0.36% to $1,774. The greenback, moving inversely proportional ...
03.05.2021 15:00:12

Ethereum breaches $3,000 to grow four times its value in 2021

Ethereum’s digital token ether breached the $3,000 mark on Monday, posting its highest record ever and even outshining bitcoin. This as investors bet on ether to have wider use in a decentralized future financial system. Ether, the token ...
03.05.2021 14:00:13

Asian shares see weak session ahead of U.S. figures

Asian share markets recorded a subdued performance during their early Monday trade. This followed after China and Japan compressed volumes, with investors also waiting for a set of data showing that the United States is recovering ahead of ...
03.05.2021 14:00:12

Aussie job ads advance on sustained labor demand

Job advertisements in Australia advanced for 11 consecutive months ended April. The jump, which came to be the strongest in 12 years, underscored labor’s capability to maintain its momentum without the government’s emergency support ...
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