GBP/USD settled below the 50 EMA and is trying to get below the next support level at 1.3800.
Last weeks price spike to the upside is a clear indication that investors believe the jump in cases in India, Japan and Brazil is only temporary.
BERLIN (Reuters) -German health technology company Siemens Healthineers raised its full-year sales and profit forecast on Monday, as the COVID-19 pandemic continues to drive demand for its rapid antigen tests.
NEW YORK (Reuters) – Some Berkshire Hathaway shareholders are grappling with how Warren Buffetts conglomerate will handle a thicket of post-pandemic challenges, including looming inflation, a dearth of acquisitions and demands for more environmental and social disclosures.
SYDNEY (Reuters) – Australian home prices posted another solid increase in April though the pace of ascent slowed a little as affordability became a bigger problem as houses moved beyond the reach of many buyers.
Ongoing strength in domestic data should lead to an incrementally hawkish turn in Fed guidance over the coming months. This would be bearish.
FRANKFURT (Reuters) – Tesla CEO Elon Musk has given its German team six more months to start production at its delayed factory near Berlin, its first gigafactory in Europe, German weekly Automobilwoche reported, citing company sources.
(Reuters) – Berkshire Hathaway Inc shareholders on Saturday easily rejected proposals requiring the company run since 1965 by Warren Buffett to disclose more about its efforts to address climate change and promote diversity and inclusion in its workforce.
(Reuters) – Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere.
FRANKFURT (Reuters) – German carrier Lufthansa and budget unit Eurowings aim to offer flights to more than 100 holiday destinations, Chief Executive Carsten Spohr told Bild am Sonntag.
Most of the 11 major S&P 500 sector indexes were lower, with technology and materials down more than 1%, while energy dropped 2.2%.
It was a busy week for the global financial markets. A Dollar bounce back on Friday, driven by economic divergence, delivered a first weekly gain in 4-weeks.
It was a mixed week for the European majors. While corporate earnings delivered support, economic data disappointed to leave the DAX30 and EuroStoxx600 in the red.
Meanwhile, WTI oil is trying to settle below $63.50.
Dovish Fed and President Bidens spending plans boost markets.
The worlds worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy.
Chilean President Sebastian Pinera will sign into law a bill allowing billions of dollars in early pension withdrawals after the Constitutional Court threw out his bid to block the proposal.
President Joe Biden has selected Celeste Drake, a longtime trade expert from AFL-CIO, to be the first director of his initiative to steer more federal dollars to U.S. manufacturers and producers, an administration official said.
Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.
(Reuters) -Johnson & Johnson beat expectations for quarterly revenue and profit and raised dividend payouts to shareholders on Tuesday, while reporting $100 million in sales for its COVID-19 vaccine, whose use was paused by U.S. regulators last week.
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