April 2024 – Page 3 – Finance Markets News

Sterling and Euro Rebound on PMIs, But No Turn Around Yet

Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK’s recovery from last year’s recession is gathering pace. Meanwhile, rising cost pressures, particularly in the services sector, are heightening concerns about the sustainability of […]

Sterling and Euro Rebound on PMIs, But No Turn Around Yet Read More »

Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’

Economy

One of the International Monetary Fund’s top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025. “When we do the risk assessment around that baseline,

Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’ Read More »

Danaher shares jump 7% as the turnaround in biotech spending finally arrives

Finance

Shares of Danaher popped more than 7% on Tuesday after the life sciences company delivered beats across its three main businesses — a sign the long-awaited turnaround in the biotech industry is finally here. Revenue for the period ended March 29 declined 4% organically year over year to nearly $5.8 billion in total sales, outpacing

Danaher shares jump 7% as the turnaround in biotech spending finally arrives Read More »

Forex Today: Improved risk appetite hurt the Dollar

Increasing appetite for the risk-linked space weighed further on the US Dollar, while disheartening US PMIs also kept the currency depressed. So far, the ECB is expected to cut rates in June, while the Fed is still seen reducing its rates in September. Here is what you need to know on Wednesday, April 24: Further

Forex Today: Improved risk appetite hurt the Dollar Read More »

As London traders look to exit, the GBPUSD is pushing lower

Technical Analysis

As London traders look for the exits, the GBPUSD has rotated back to the downside. The price is currently trading at 1.2405. The low for the day was at 1.2388 reached shortly after the Israeli attack on Iran. That is also the low for the trading week. GBPUSD moves away from the 50% midpoint The

As London traders look to exit, the GBPUSD is pushing lower Read More »

Forexlive Americas FX news wrap: Six days losing streak for the S&P 500

News

The focus today was on the big-cap tech stocks today. The Nasdaq index got creamed with a decline of -2.05%. That was the largest decline since January 31 when the index fell -2.23% The move lower was initially off of disappointing forward guidance from Netflix after its earning announcement after the close on Thursdays. Its

Forexlive Americas FX news wrap: Six days losing streak for the S&P 500 Read More »