Biogen’s share price fell 4% on Thursday after the company reported first-quarter financial results and increased its full-year earnings guidance. The biotechnology company says financial results...
After a weak handover from Wall Street, European bourses are trading broadly lower. Indices are shrugging off better-than-expected PMI data and an improving picture in Europe,...
A wave of risk aversion swept US markets overnight after US President Biden signalled his intention to increase capital gains tax on high-income earners massively. That...
Dollar edges higher on risk aversion The Biden capital gains tax headline prompted a modest wave of risk aversion in New York overnight, lifting the US...
President Joe Biden is reportedly considering a tax hike on profits from stock transactions… The post Wall Street tumbles on proposed tax raise first appeared on...
Futures Flat In Muted Session As Reflation Concerns Rise U.S. index futures traded flat on Thursday morning, rebounding from some early weakness ahead of today's ECB...
Overview: The capital markets are mostly quiet ahead of the ECB meeting, today's highlight. The rise in US equities yesterday is helping lift equities today. The...
Oil’s upward momentum continues to fade With the US dollar going nowhere overnight, oil markets continued to focus on the upcoming OPEC+ production increases, starting in...
US dollar under pressure as yields soften The flip-flop price action in equities markets has also been reflected in currency markets to a lesser extent, mainly...
What happened to gold in Q1 2021? Our gold price update outlines key market developments and explores what could happen moving forward. The post Gold Price...
US dollar directionless With US yields ranging overnight, the US dollar gained precious little direction on a slow news night. Despite the noise in equity markets,...
Oil meets Covid-19 nerves Oil prices retreated overnight as last week’s impressive rally continues to run into long-covering headwinds and falling momentum. Brent crude fell 1.20%...
Markets have been busy in my short absence, with recovery optimism and bullish speculative momentum making recent days look like a rerun of the 2020 buy-everything...
EUR/USD is having a rare day in negative territory. Currently, the pair is trading at 1.2006, down 0.24% on the day. The euro has been in...
Rising Chip Demand Taiwan Semiconductor Mfg. Co. (TSMC) is gearing up towards increasing its manufacturing capacity and cater to the rising demand for semiconductors. The company's...
The New Zealand dollar has posted strong gains for a second straight day. Currently, NZD/USD is trading at 0.7213, up 0.55% on the day. The pair...
Oil pauses for breath after stellar rally After a phenomenal run-up last week, oil bulls are pausing for breath. Both oil benchmarks were propelled over 6%...
Oil pauses for breath after stellar rally After a phenomenal run-up last week, oil bulls are pausing for breath. Both oil benchmarks were propelled over 6%...
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected economic reports, carries over into the new week's activity. ...
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected economic reports, carries over into the new week's activity. ...
European equities head higher European bourses are on the rise rounding off an upbeat week. Following all-time highs on Wall Street overnight and record Chinese quarterly...
US Futures, Global Stocks Hit Fresh All Time High US equity futures and global stocks rose to new record highs and oil climbed after strong U.S....
US Futures, Global Stocks Hit Fresh All Time High US equity futures and global stocks rose to new record highs and oil climbed after strong U.S....
Overview: Like the dog that did not bark, the long-term US yields tumbled despite data that confirms the acceleration of the US economy and labor market. ...
The Swiss franc is drifting in the Thursday session. Currently, USD/CHF is trading at 0.9226, up 0.08% on the day. Swiss franc continues to swell Despite the...
Markets ignore rise in US inflation US inflation duly rose by 0.50% MoM for March overnight, roughly an eight-year high. However, the print was only just...
America's number one crypto exchange is floating via a direct listing.
UK GDP misses forecast European stocks are heading broadly higher in muted trade ahead of key US inflation data. The FTSE is underperforming its peers following...
Key Events This Very Busy Week: CPI, Retail Sales And Q1 Earnings Start Looking at the busy week ahead, the pandemic will remain in focus as...
Gold looks to inflation data Gold trades under pressure on Monday, extending losses from Friday, although it appears to lack strong follow-through. The firmer greenback, which...