BRUSSELS (Reuters) - Italy's budget for next year is a hot topic but is not on the agenda of a summit of European Union leaders this week, a senior European Union official said on Tuesday. Euro zone leaders ...
NEW DELHI (Reuters) - India may look to raise 200 billion rupees ($2.71 billion) in 2018/19 fiscal year via buyback of shares in state-run companies including Oil and Natural Gas Corp Ltd (ONGC), local ...
Forget revenue and profits, India’s largest e-commerce firms seem to believe the height of Dubai’s Burj Khalifa is a fair metric to measure their performance. At the end of their annual flagship festive season sales, the online retailers, notorious for their window-dressing metrics like gross merchandise value (GMV) and net promoter scores, measured their success…
Moody's Investors Service has today assigned Aaa rating to the proposed offering of 5-year SGD-denominated senior unsecured notes ('Series Number 1') to be issued by Temasek Financial (IV) Private Limited, a wholly owned financing subsidiary of Temasek Holdings (Private) Limited (Aaa stable "Temasek"). 'Temasek's Aaa rating reflects its strong fundamental credit profile as an investment company. This strength is supported by its steady and recurring dividend income as well as its large and increasingly diverse investment portfolio.
According to Statistics New Zealand, headline consumer price inflation (CPI) jumped by 0.9% in the three months to September, the largest quarterly increase since the first three months of 2017.
A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Risk appetite trickles back into the markets early on supporting the commodity currencies, while the Kiwi gets a boost from Q3 inflation numbers.
Bitcoin prices are trading sharply higher Monday after a credit scare on a major cryptocurrency exchange created a rush for the No. 1 digital currency.
Canadian business optimism remained at near-record levels in the third quarter as companies reported rising pressure on capacity, labor and prices amid signs of stronger sales, the Bank of Canada said. "It supports the outlook for higher rates in Canada and particularly toward the end of this month," said Shaun Osborne, chief currency strategist at Scotiabank. "The fact that we got such a positive read, particularly on business investment, before there was clarity on the trade outlook, I think was quite encouraging." All the interviews were carried out before Canada and the United States struck a deal on Sept. 30 on a new trade pact with Mexico.
Geopolitical noise is the focus of foreign exchange investors on Monday, leaving havens like Japan’s yen and Switzerland’s franc among the best performers, while the U.S. dollar struggles.
Gold prices moved higher on Monday and continues to form a bull flag pattern which is a pause that refreshes higher. A weaker than expected retail sales report released by the US Commerce Department on Monday, took some of the strength out of the US dollar paving the way for higher gold prices.Technical Analysis
If upside momentum begins to build over .7140 then look for buyers to make a run at the 50% level at .7178 over the near-term. Treat .7140 like a pivot into the close.
The dollar and global stock markets were also pressured by tensions between Saudi Arabia and the West, along with concerns such as the U.S.-China trade war and rising oil prices. The Mexican peso strengthened for a third straight day ahead of minutes of the central bank's October meeting expected on Thursday. However, "volatility is expected to continue in the short term" for Mexico's peso "as investors adjust their portfolios to incorporate a picture of higher yields of U.S. bonds, in a stock market with relatively high valuations," analysts at Santander said in a note.