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Dollar loses ground as markets focus on corporate earnings
Dollar loses ground as markets focus on corporate earnings
Apr 29, 2024
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the Federal Reserves policy meeting this week. After the release of earnings results by Tesla, Alphabet, and Microsoft last week, investors now await fresh results from other major tech companies, including Apple this week. Major US stock indices spiked last week, buoyed in particular by...
US Dollar, Yields Receive Bullish Boost Ahead of FOMC Meeting
US Dollar, Yields Receive Bullish Boost Ahead of FOMC Meeting
May 1, 2024
US Dollar (DXY) Analysis Rising price pressures and employment costs elevate USD and yields ahead of FOMCUS dollar index tests key upside level but markets may be in for disappointmentMajor risk events ahead: FOMC, ISM PMI, ADP and JOLTs data, NFP on FridayGet your hands on the U.S. dollar Q2 outlook today for exclusive insights into key market catalysts that...
Coinbase’s 1Q earnings preview: Profitability expected for second straight quarter
Coinbase’s 1Q earnings preview: Profitability expected for second straight quarter
Apr 29, 2024
Coinbase (COIN) is set to release its quarter one (Q1) 2024 financial results on 2 May 2024, after the US market closes. Coinbase’s 1Q 2024 results – what to expect Expectations are for Coinbase’s Q1 revenue to register a 71% year-on-year (YoY) growth to US$1.3 billion, up from US$772 million a year ago. This will be the highest quarterly revenue...
Dollar climbs ahead of crucial US data
Dollar climbs ahead of crucial US data
Apr 30, 2024
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week lows as US 10-year treasury yields rebounded. Investors now await important US employment costs data for the first quarter, and housing prices, and consumer confidence data for April. Later today, the Federal Reserve will convene and will provide its decisions tomorrow, expected to...
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Research Alert: CFRA Reiterates Buy Opinion On Shares Of Msci Inc.
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Msci Inc.
Oct 28, 2025
04:15 PM EDT, 10/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target price by $70 to $760, 39.2x our 2026 EPS estimate, a discount to MSCI's ( MSCI ) five-year forward P/E average of 42.6x given a...
US Equity Indexes Rise Amid Gains From Strong Earnings, Corporate Actions
US Equity Indexes Rise Amid Gains From Strong Earnings, Corporate Actions
Oct 28, 2025
03:54 PM EDT, 10/28/2025 (MT Newswires) -- US equity indexes rose ahead of the close on Tuesday amid gains from quarterly earnings and corporate actions that boosted the so-called AI trade. The Nasdaq Composite jumped 0.9% to 23,847.5, with the S&P 500 up 0.3% to 6,897.3, and the Dow Jones Industrial Average 0.4% higher at 47,739.8. Technology, consumer discretionary, and...
US Equity Markets End Higher Amid Expectations of Another Fed Rate Cut
US Equity Markets End Higher Amid Expectations of Another Fed Rate Cut
Oct 28, 2025
04:06 PM EDT, 10/28/2025 (MT Newswires) -- US equity indexes closed higher on Tuesday, hitting record highs during the day ahead of the Fed's expected decision on cutting interest rates and some major corporate announcements. * The chances of an interest rate cut in the upcoming Fed meeting stand at nearly 99.9%, according to the CME FedWatch tool. The FOMC's...
Sector Update: Financial Stocks Decline Late Afternoon
Sector Update: Financial Stocks Decline Late Afternoon
Oct 28, 2025
03:56 PM EDT, 10/28/2025 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund (XLF) shedding 0.7%. The Philadelphia Housing Index declined 1%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 2.2%. Bitcoin (BTC-USD) fell 1% to $113,859, and the yield for 10-year...
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Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Mar 21, 2024
BOGOTA, March 21 (Reuters) - Colombia's Ecopetrol said on Thursday its Reficar oil refinery was awarded 19.9% of the common capital in U.S. infrastructure firm McDermott in preferential shares by a judge in Amsterdam. The Reficar refinery is located in the Colombian city of Cartagena, and has been the subject of a prolonged international dispute dating back to the facility's...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
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