(Reuters) -JD Sports Fashion said on Monday it had transferred the ownership of Baltimore-based retailer DTLR Villa to its U.S. unit to align all its businesses in the country under one entity.
The next major move by the index will be determined by trader reaction to the retracement zone at 91.850 to 92.495.
It was a mixed week for the European majors. While economic data was skewed in favor of riskier assets, the continued rise in new COViD-19 cases weighed on risk appetite.
It was a busy week for the markets. While the Greenback ended the week in positive territory, labor market data continued to lower the chances of a near-term move by the FED.
EUR/USD gained additional downside momentum and is trying to settle below the support at 1.1830.
Companies inaccurately using “Made in USA” labels will be subject to fines under a Federal Trade Commission rule that requires marketers prove their products are “all or virtually all” made in the country.
Meanwhile, WTI oil managed to get above the $75 level.
Economic data from member states and from the Eurozone and member states failed to deliver EUR support ahead of key stats from the U.S later today.
SUNDERLAND, England (Reuters) -Nissan Motor Co bet on Britain to supercharge its European electric future on Thursday, pledging $1.4 billion with its Chinese partner to build a giant battery plant that will power 100,000 vehicles a year including a new crossover model.
LONDON (Reuters) -Associated British Foods on Thursday raised the full-year profit outlook for its Primark fashion business after sales at stores which reopened after COVID-19 lockdowns in its latest quarter beat management expectations in all markets.
(Reuters) – Online electricals retailer AO World signalled a robust start to the new financial year on Thursday, after reporting an annual profit that nearly tripled on strong demand for home appliances and office products due to the COVID-19 pandemic.
STOCKHOLM (Reuters) – Swedens H&M reported on Thursday a bigger pretax profit than expected for the March-May period, its fiscal second quarter, on the back of the easing of restrictions to curb the COVID-19 pandemic.
(Reuters) -British software company Micro Focus International reported a smaller loss for the first half on Thursday as it slashed costs, and said it had set aside $70 million to resolve a patent infringement dispute with U.S. firm Wapp.
FRANKFURT (Reuters) – Like the U.S Federal Reserve and other major central banks around the world, the European Central Bank has thrown unprecedented volumes of emergency stimulus at the economy to support businesses and households through the pandemic.
DUBAI (Reuters) – Standard Chartered has begun offering banking services through its branch in Saudi Arabia with a team of 25 people, the bank said on Thursday, as it boosts its presence in the Arab worlds biggest economy.
BENGALURU (Reuters) – Indias factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday.
Federal Reserve Bank of Richmond President Thomas Barkin said the U.S. labor market isnt close to its pre-pandemic levels and he wants to see much more progress before slowing central bank asset purchases.
‘Later this week, though, CDD are forecast to fall to as low as 8.49, reducing weather-driven demand significantly.’ ~EBW Analysts
USD/CAD managed to get above the resistance at 1.2350 and is testing the next resistance level at 1.2385.
Silver declined below the support at $25.80 and is trying to settle below the next support level at $25.50.
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