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Economy News
Shares Across the Globe Saw Small Decreases Today
Shares across the globe saw small decreases today. A stark reminder of supply string snags in business profits reports stalled their rally. Meanwhile
The Yen and Euro Pairing Has Experienced Decline
The yen and euro pairing has experienced decline early morning. Over issues that the data recovery that is financial COVID-19 is supposed to be struck as
USD/CAD jumps near two-week highs above 1.2400
A combination of factors helps USD/CAD gain positive traction for the third day in a row. Pullback in oil prices weighs on CAD and offers support to the
GBP/USD recovers from daily lows hovering around 1.3750
Market sentiment bearish as investors weigh Q4 economic outlook and US fiscal policy woes. UK Treasury unveils £75 billion budget, cut taxes on pubs and
AUD/USD down from daily highs at 0.7535
Risk appetite sentiment surrounds financial markets, but Aussie dollar resistance remains. US President Joe Biden agreed to push for a deal in a meeting
McDonald’s benefited from inflation in Q3
In the third quarter, McDonald’s sales rose again due to higher orders, price increases, new menu items, and fewer closings thanks to the ease of
Spotify posted strong performance in Q3
Spotify, the world’s leading music streaming service, reported its third-quarter results on Wednesday. Displaying a strong performance, the company
Boeing reports losses again in the third quarter
Boeing once again suffered a net loss in the third quarter despite the strong performance of its 737 MAX aircraft. The bottom line was impacted by problems
Chinese Inflation Woes Drive Asian Shares Downward
Chinese inflation woes drive Asian shares downward. Japan’s Nikkei 225 dropped 0.62% by 10:47 PM ET. The lender of Japan will launch its policy that is
GBP/USD slips back below 1.3800 amid risk-off sentiment
U.S. corporate earnings in Q3 keep investors’ risk appetite, lifting the GBP. Brown Brother Harriman (BBH): Expectations of a BoE hike on November 4
USD/JPY consolidates above 114.00 with bullish attempts
Risk appetite and BOJ restraint weigh on the Japanese yen. USD/JPY expected to appreciate towards 117.00/10 – Credit Suisse. USD a moderate bid tone
AUD/USD retreats from 0.7520 as U.S. Treasury yields rise
AUD/USD lost 30 pips in the last hour as US Treasury yields rose amid risk appetite in the market. Widespread strength in the US dollar weighs on AUD/USD.
Wall Street records gains thanks to corporate earnings
Wall Street: Investor optimism on the back of strong corporate earnings boosted the New York Stock Exchange on Tuesday. The Dow Jones and the S&P 500
Losses continue to mount at Heathrow Airport
Since the outbreak, Heathrow airport has lost 3.4 billion pounds ($4.6 billion) and has continued to lose money through the first three quarters despite
European Central Bank: Rates are likely to be frozen
In spite of inflation in the eurozone, the European Central Bank (ECB) is expected to maintain its key interest rate. As of the 25th (local time), the
