The FTSE 100 Index retreated for four consecutive days as UK government bond yields surged and after HSBC published a weak financial report. It dropped to £10,225 on Tuesday, down sharply from the year-to-date high of £10,935. Soaring UK Gold yields A key reason why the FTSE 100 Index pulled back is that UK bond
Shares of Anheuser-Busch InBev rose sharply on Tuesday after the world’s largest brewer reported first-quarter results that exceeded analyst expectations, supported by resilient beer demand and a return to volume growth. American depositary receipts climbed 9.3%, building on gains earlier this year, after the company posted adjusted earnings per share of 97 cents, up from
This preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook. Highlights of the week: RBA rate decision, US services PMI, Canada unemployment rate & US job report Tuesday Reserve Bank of Australia Interest rate decision at 4:30 AM GMT is
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Ethereum cryptocurrency cab be expected to rise to the next resistance level 2600.00 (provided the price breaks above the resistance level 2470.00). Ethereum reversed from support area Likely to rise to resistance level 2470.00 Ethereum cryptocurrency recently reversed up from the support area between the support level 2200.00 (former resistance from the end of March,
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Gold continues to hold firm above the $2,565 support area, maintaining upward momentum, while WTI crude oil is showing renewed weakness and may extend losses below $96.50. Key Points for Today’s Gold and WTI Analysis • Gold has rebounded from the $4,500 level against the US dollar. • A key descending trend line around $4,620
EURGBP currency pair can be expected to rise to the next resistance level 0.8670 (which reversed the price multiple times at the end of April). EURGBP reversed from long-term support 0.8610 Likely to rise to resistance level 0.8670 EURGBP currency pair recently reversed from the support area between the strong long-term support level 0.86100 (which
Geopolitical tensions in the Middle East drive safe-haven Dollar demand, while surging energy prices fuel inflation and hawkish central bank policies. The Geopolitical Shadow Over the Strait of Hormuz The global financial landscape is currently dominated by a sharp escalation in tensions between the United States and Iran, centered on the strategic waters of the
US equities ended Friday on a mixed note, with the S&P 500 and Nasdaq Composite extending their record-setting run, while the Dow Jones Industrial Average lagged as investors weighed strong earnings against geopolitical uncertainty and easing oil prices. The S&P 500 rose 0.3% to a fresh intraday and closing high, while the Nasdaq Composite gained