The U.S. labor market may be weaker than previously reported, as the Bureau of Labor Statistics (BLS) prepares to release its annual benchmark revision today. Economists warn that hiring numbers for the past year could be revised sharply downward, showing that job growth has been hundreds of thousands lower than earlier estimates. Major Jobs Revision […]
Market Overview The crypto market slipped on Friday as investors showed risk aversion ahead of the upcoming U.S. core PCE inflation data. The CoinDesk 20 Index, a broad measure of the market, dropped 3.6% in the last 24 hours, with nearly all major tokens trading lower. Analysts say the Federal Reserve’s interest-rate decisions could be […]
Gold Retreats After Record HighsGold prices eased on Tuesday after hitting an all-time high the previous day. The U.S. dollar and Treasury yields strengthened, prompting traders to adjust their positions ahead of the Federal Reserve’s anticipated interest rate decision. Spot gold dropped by 0.5%, settling at $2,569.43 per ounce, while U.S. gold futures closed 0.6% […]
Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the […]
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with Chat GPT operator Open AI and that its […]
South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to be of concern from tapping […]
Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another […]
Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business […]
U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were […]
The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day, […]
