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Domestic gold futures gave up initial gains on Tuesday but managed to hold the Rs 49,000 per 10 grams mark, as a stronger dollar overseas made the yellow metal less attractive for those holding other currencies. Investors awaited US inflation data for more clarity on interest rates in the world’s largest economy going forward. MCX
Swiss Franc jumps broadly in otherwise quiet markets today. Canadian Dollar is second strongest, then Dollar, but both are staying inside yesterday’s ranges. Sterling is currently the worst performing one, followed by New Zealand Dollar and then Yen. But the selling in the two are far from being clear. In other markets, Gold has a
Job openings in April soared to a new record high, with 9.3 million vacancies coming as the economy rapidly recovered from its pandemic depths. The standard set in April was well above the 8.3 million in March that itself was a new series high going back to 2000 for the Labor Departments Job Openings and
Canada posted a trade surplus with the world in April. USD/CAD continues to move sideways in a tight range below 1.2100. Canada’s merchandise trade surplus with the world widened to C$0.59 billion in April from a deficit of C$1.35 billion in March, the monthly data published by Statistics Canada revealed on Tuesday. This reading came in
Dow lags and posts the worst day in more than two weeks The major US indices are closing mixed with risk on flows sending the Russell 2000 and NASDAQ indices higher. The broader big cap stocks of the S&P index and Dow declined. The NASDAQ closes 2% from the high S&P closes less than 1% from the high
Latest data released by Destatis – 8 June 2021 Prior +2.5%; revised to +2.2% Industrial production WDA +26.4% vs +29.5% y/y expected Prior +5.1% The data is out via Bloomberg a little earlier than expected. But it reaffirms a similar story to the factory orders from yesterday, in that it misses on estimates and instead
NEW DELHI: Gold prices hovered near the key level of $1,900 an ounce on Tuesday, supported by a weaker dollar and lower bond yields, while investors awaited US data later this week to gauge inflationary pressure. The yellow metal traded flat in the domestic markets. Market participants’ focus this week will be on the US
Trading continue to be relatively subdued this week so far. While Dollar weakened overnight, losses were very limited. The greenback is indeed recovering mildly in Asian session. Australian Dollar also received little lift from strong business conditions data. Gold breached 1900 handle, but lacks the conviction to extend near term rebound. WTI crude oil also
A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to enhanced unemployment benefits.
In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares soared on Monday after the
AUD/USD seeks fresh clues to extend two-day uptrend. Doubts over tapering, cautious sentiment before the key Thursday and trade/political tussles concerning China weigh on the mood. Mixed messages over covid, vaccines trouble traders amid a light calendar. AUD/USD holds onto the previous two days’ gains inside a range surrounding 0.7750 during the early Tuesday morning
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Risk on flows into the small-cap stocks as traders reevaluate Fed policy The Russell 2000 index of small-cap stocks is outpacing the other indices in trading today. The NASDAQ index is up 0.15%. The broader big cap S&P index is down -0.29%. The Dow industrial average is the worst performer at -0.45%. In contrast, the Russell 2000 index
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Switzerland-based 21Shares, formerly known as Amun, has said it will make its Bitcoin (BTC) exchange-traded product available to traders in the United Kingdom through the Aquis Exchange. According to an announcement from 21Shares, its Bitcoin exchange-traded product (ETP) will be available to professional investors on the Aquis Exchange this summer. U.K.-based firm GHCO will be acting