France’s CAC40 2.6% Lower to End the WeekChinese Carmakers Outperform U.S. RivalsOn Friday, the Bank of Japan followed the Federal Reserve in voting to keep interest rates unchanged.Following a surprising hike in March, the BOJ left its short-term lending rate at 0.1%, as expected.Additionally, it decided to maintain its bond-buying activities, hinting at a plan …
European equities were lower on Monday after French President Emmanuel Macron called for a snap election over the weekend.The French leader’s decision came after his party lost heavily to Marine Le Pen’s right-wing National Rally group in the EU elections.Macron has now dissolved parliament and is set to begin campaigning for national elections.In a statement, …
ADP Private Payrolls Weaker Than Expected US Service Sector Growth Surpasses Forecasts The European Central Bank is set to cut interest rates later this week, its first rate cut since 2019. According to reports, the decision comes as inflation in the Euro economic area has begun to move closer to the bank’s 2% target. Last …
Job Openings Fall to Three-Year LowsIntel Unveils New AI ChipsGovernor Tiff Macklem must decide whether to cut rates now or on July 24, based on inflation control. Forward markets estimate an 80% chance of this, based on Friday’s closing prices. This is mainly due to differences in how mortgages work in Canada compared to the U.S.The …
Nvidia Set to Report Q1 Earnings After Closing BellEthereum, Bitcoin Surge on Fresh ETF HopesBritish Prime Minister Rishi Sunak today called for a general election to be held on July 4th.Speaking today, Sunak said, “Earlier today I spoke with His Majesty the King to ask for the dissolution of Parliament. The King has granted this …
Shares in Disney were in the red on Tuesday, after the company reported worse-than-expected quarterly earnings.Disney confirmed that revenue for the first quarter came in at $22.08 billion versus an expected sum of $22.11 billion.This came on earnings of $1.21 per share, which outperformed the anticipated sum of $1.10 per share.Following the data CEO Bob …
S&P 500 Rebounds Ahead of Key Week of Tech EarningsUSDJPY Surges to a Fresh 34-Year HighCommodity prices tumbled on Monday, as traders began to take profits following recent gains.Gold fell by as much as $60 to start the week, after closing in on a record high on Friday.The decrease persists despite continuous attacks by the …
The U.S. economy added 275,000 jobs in February according to the latest non-farm payrolls report. February's payroll beat the initial estimate of 200,000 and was higher than a downwardly revised sum of 229,000 in January. Additionally, wages rose just 0.1% on the month, with the unemployment rate unexpectedly climbing to 3.9%. Despite the relatively stable …
Coinbase glitched on Wednesday, as the crypto exchange experienced a huge spike in traffic, as Bitcoin neared a record high.BTC/USD peaked at $62,801 earlier in today’s session, close to its all-time high of $68,789.63.The platform hallucinated users' account balances, showing many as zero due to its outage.In a tweet, Coinbase CEO Brian Armstrong stated, “We …