Wall Street tanked on Tuesday and Asian stocks tumbled overnight, whilst the dollar rallied to a four-month high after US 10-year treasury yields hit 3%, the highest level since 2014, spooking investors. The rally in yields was in part due to rising inflation concerns...
Here are the latest developments in global markets:FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve...
The technology sector woes continue as Google parent Alphabet Inc shed more than 5 % on a massive drop in gross margins as Google continues to burn through cash in its attempt to challenge Amazon in “smart world” technology and cratering other FAANG stocks...
Lloyds Banking Group has had a good start to this year after the company posted a 6% rise in underlying pre-tax profit of £2 billion for the first quarter, which was slightly below the £2.08 billion analysts were expecting.The statutory profit-before-tax jumped by 23%...
S&P 500 is the biggest index in the world. It has a combined market value of more than $23 trillion. On the other hand, the Dow Jones Industrial Average has a market capitalization of more than $6 trillion while Germany’s DAX has a market...
Welcome back to our top 5 at 5 cryptocurrency price update.All aboard the crypto train. Cryptocurrencies received a boost today after a key survey by Reuters supplied the best evidence yet that City banks, hedge funds and investors are warming to the idea of...
TD Research discusses the USD outlook and maintains a tactical bullish bias especially EUR and GBP."We suspect that a USD-induced rally is likely to run roughshod through the lower-yielding G10 currencies.This mostly reflects the likes of the EUR, GBP, CHF, though JPY is expected to...
The story behind the Dollar’s incredible appreciation in recent days continues to revolve around rising U.S bond yields and easing geopolitical risks.Market expectations of higher U.S interest rates have also played a leading role in the Greenback’s resurgence, with the DXY marching to levels...
USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate....
EuropeIt’s been a day of two halves for European equity markets today with the German DAX making a two month high, at around the same time the euro made a two month low, before retreating on the back of a rebound in the single currency in...