April ISM service sector data Prior was 63.7 New orders 63.7 vs 67.2 prior Prices paid 76.8 vs 74.0 prior (highest since at least 2008) Employment 58.8 vs 57.2 prior Full report The market would have been leaning towards a higher number after the surprise jump in the Markit survey but instead orders are a
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Polkadot’s parachain auctions will mark the most significant milestone on its roadmap since the mainnet launch in 2020. Currently in the testnet on the Rococo network, the next stage of the launch will involve the rollout of parachains on Polkadot’s crazy cousin, the “canary network” Kusama. The rollout of Polkadot parachains on the main network
Domestic gold prices held steady near Rs 46,900 per 10 grams on Wednesday as a rising dollar made the yellow metal less appealing for holders of other currencies. MCX gold futures for June 4 delivery traded nearly unchanged at Rs 46,879 per 10 grams at the last count, down by Rs 8 on the day,
Commodity currencies continue to trade as the stronger ones entering into US session. In particular, Canadian is helped by extended rally in oil prices. New Zealand Dollar continues to receive support from better than expected job data. Overall sentiments are positive with European stocks staging a rebound, while US futures point to recovery. Euro is
Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May 3, 2021. Nina Westervelt | Bloomberg | Getty Images Private job growth accelerated in April but fell a bit short of Wall Street expectations, according to a report Wednesday from payroll processing firm ADP. Companies
General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors General Motors is set to report its first-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates compiled by Refinitiv. Adjusted EPS: $1.04
The economic growth in the US may be faster than what the FOMC policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, as reported by Reuters. Additional takeaways “Unemployment rate by year’s end may be below the current Fed median projection of 4.5%.” “Still seeing a small risk of persistent inflation outbreak despite increases
The 50% slowed the decline today The Nasdaq index is still down -324 points or -2.34% on the day, but the low for the day did reach down to 13485.59, down -2.95% or -409.53 points. That day low, dipped briefly below the 50% of the move up from the April 25th low at 13499.19. However,
By Gerson Freitas Jr. and Joe DeauxCommodities jumped to their highest in almost a decade as a rebound in the world’s largest economies stokes demand for metals, food and energy, while poor weather harms crops and transportation bottlenecks curb supplies. The Bloomberg Commodity Spot Index, which tracks prices for 23 raw materials, rose 0.8% Tuesday
Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the
This is a breaking news story. Check back for updates. Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions in government stimulus spending. “It may be that interest rates will have to rise
In this article LYFT Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing
The Australian government has suspended its plans to fast track tax cuts for the wealthy, as the post-pandemic recovery is faster-than-expected, an Australian daily reported, citing unidentified sources. Additional takeaways “The government has ruled out including tax cuts for high-income earners in next week’s federal budget.” “It will instead extend tax cuts for low and
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Nasdaq index lower. Dow closes higher The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%. The final numbers are showing: S&P index up 11.49 points or 0.27% at 4192.66 NASDAQ index down 67.565 points or -0.48% at 13895.11 Dow industrial average
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