UK stocks rallied strongly after the relatively strong results from some of the UK’s biggest firms. In a report, NatWest, formerly known as Royal Bank of Scotland, said that its profits surged in the first quarter but warned about...
UK stocks rallied strongly after the relatively strong results from some of the UK’s biggest firms. In a report, NatWest, formerly known as Royal Bank of Scotland, said that its profits surged in the first quarter but warned about...
US stocks wavered as investors reacted to the latest corporate earnings by top companies like Alphabet and Microsoft. Alphabet, the owner of Google and YouTube, announced a 34% revenue jump to a record $55.3 billion, which was higher than...
The Australian dollar was little changed in the Asian session after relatively positive economic numbers from China. According to the government, the country’s industrial profit jumped by 92.30% year-on-year in March after rising by 20.10% in the previous month....
Bitcoin and other cryptocurrencies rebounded as the market waited for the upcoming Fed interest rate decision. Bitcoin rose by more than 10% to 53,683 while currencies like Ethereum and Ripple also gained by double digits. The currencies declined sharply...
Central bank policy decisions and growth data headline the economic docket this week as the Federal Reserve Open Market Committee and Bank Bank of Japan decide on interest rates and monetary policy, while the US and EU release key...
Cryptocurrency prices crashed in the overnight session as the market worried about a new tax proposal by Joe Biden. According to Bloomberg, the president has suggested doubling the capital gains tax for the wealthy. US investors already face this...
The Canadian dollar spiked against the US dollar after the Bank of Canada (BOC) decision. As expected, the bank left interest rates unchanged at 0.25%. It also decided to slash its weekly quantitative easing purchases from C$4 billion to...
US stocks declined for the third straight day as the market worried about valuations and the rising coronavirus cases. The Dow Jones fell by more than 256 points while the S&P 500 and Nasdaq 100 fell by more than...
The British pound was little changed against the US dollar after the strong UK jobs numbers. The data revealed that the country’s unemployment rate dropped from 5.0% in January to 4.9% in February. This decline was better than the...
The Australian dollar declined slightly after the latest GDP data from China. The numbers revealed that the country’s economy rose by 0.6% in the first quarter after the Q4’s increase of 2.6%. This growth led to an annualised growth...