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ING’s Frantisek Taborsky expects Central and Eastern European FX to start the month cautiously despite improving sentiment and busy local data. He sees limited room for further hawkish repricing in Poland and the Czech Republic, more scope for dovish moves in Hungary, and notes EUR/HUF’s four-year low, with 350 still the bank’s mid-year target for the pair.Poland, Czech Republic and Hungary in focus”With sentiment improving into the end of last week but Middle East headlines remaining mixed over the weekend, we expect a cautious start to trading in CEE today.””Recent sessions have seen a notable pullback in rate hike pricing…
“Friendliness alone is not a sufficient reason to trust someone with your finances.”
Highlights include MON: Global Manufacturing Final PMIs (May), South Korean Balance of Trade (May), German Retail Sales (Apr), Swiss Retail Sales (Apr), GDP (Q1), EZ Unemployment Rate (Apr), US ISM Manufacturing (May) TUE: NBP Policy Announcement (Jun), South Korean CPI (May), EZ HICP (May), JOLTs Job Openings (Apr), RCM/TIPP Economic Optimism, New Zealand Export/Import Prices (Q1) WED: Fed Beige Book, Global Final PMIs (May), Australian GDP (Q1), EZ PPI (Apr), US ADP Employment Change (May), ISM Services PMI (May), Factory Orders (Apr) THU: Australian Balance of Trade (Apr), Swedish CPIF (May), Swiss CPI (May), Spanish Industrial Production (Apr), EZ Construction…
Athleta’s expected recovery has been pushed out for three straight years, as an attempt to widen its appeal ended up “appealing to no one in particular.”
The AI boom has triggered an insatiable need for new, localized, decentralized and clean alternative power generation methods. While there has been much speculation about small modular nuclear reactors, regulatory hurdles can delay this possibility for many years. AI data centers have faced growing scrutiny for hogging power grid capacity, causing residents’ electric bills to skyrocket.As covered in our last article, Bloom Energy Co. (NYSE: BE) is a major beneficiary of this trend, as its Bloom Boxes are in very high demand. This has sent the stock soaring into the $300s, up from $18s just a year ago. If you missed out on Bloom…
“I would love to develop working relationships with almost everyone I play golf with.”
As Friday’s US stock market session rounds the corner in its final hour, the S&P 500 index is clinging onto what might be its seventh straight day of gains. Since Wednesday, May 20, the index has climbed from 7,353 to an all-time high of 7,599 on Friday.But after gapping up on the open on Friday, the S&P 500 has been clinging onto a green sliver and is up just 0.1% at the time of writing. While the market has been upbeat about prospects for peace between the US and Iran all week, the index gave up some steam after reports…
Prosecutors say Kevin Juin used money he raised to buy the company Honey Birdette to purchase luxury watches, jewelry, private-club memberships and OnlyFans subscriptions.
The gold silver ratio (GSR) is a metric that compares the value of gold to silver, specifically, how many ounces of silver it takes to buy one ounce of gold. Currently sitting at around 59, it’s one of the most widely tracked measures in precious metals investing, and is used by some investors as a guide on which metal offers better value. In this guide we take a look at the gold silver ratio: how to calculate it, what it means historically, and how some investors use it to inform their buying decisions. What Is the Gold Silver Ratio? The…
The US Dollar Index (DXY) fell toward the 98.90 region on Friday as improving market sentiment linked to developments in the Middle East reduces demand for safe-haven assets. Although the latest United States (US) Core Personal Consumption Expenditures (PCE) Price Index on Thursday held steady at 3.3% YoY in April, reinforcing expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer, investors focused on reports that the US and Iran reached a memorandum of understanding to extend the ceasefire by 60 days, reopen the Strait of Hormuz, and begin nuclear negotiations. US Dollar Price Today The table…