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The China Bohai Bank has announced that it intends to sell bad loans that are valued at almost $3.99 billion.
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange.
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange. Porsche has not named the European contractor, which has hurt the firm's supply of aluminium. However, it has
The Italian luxury fashion brand Moncler experienced a spectacular start of 2024, as consumers continued to buy luxury goods. However, the situation changed in late March, as the firm reported bad quarterly results. In the meantime, the environment had shifted, as high prices forced consumers to switch to other brands. From a technical analysis perspective, the stock price has been
The banking group Morgan Stanley has revealed that it expects crude oil markets to be in surplus throughout 2025. Due to this reason price could decline to the mid-$70s range.
Chinese EV producer Xpeng has partnered up with Volkswagen to establish project houses for engineers that should increase new EV architecture development speed.
The Financial Stability Board of the G20 organization has revealed that the lack of reforms in the non-bank and money market fund sectors has left the global financial system at risk to more shock events.
Chief Executive Officer of Dolce&Gabanna has announced that the firm is ready to offer the firm's capital to new investors either through a stock listing or other ways.
The US Commerce Department has revealed that, despite a decline of semiconductor and various other restricted goods exports to Russia from China and Hong Kong, the two locations continue to remain transhipment hubs.
The Finance Ministry of China has announced that it is extending tariff exemptions for US products until February of 2025.
The price for gold broke above the prior all-time-high level. However, the follow up surge eventually ended near the 2,480.00 mark. The 2,481.00/2,483.85 range was confirmed as resistance. Since these events, the price for gold has established a channel down pattern that has guided the price back below 2,400.00. Meanwhile, Dukascopy traders have remained 75% short since the start of
Reuters has reported that NVidia is preparing a new AI chip for the Chinese market that would comply with US export controls.
Last week, the USD/JPY rate reached the 155.50 level, which acted as support. The follow up recovery found resistance at 157.70/157.85. On Monday, the broader decline appeared to have resumed. Meanwhile, it was observed the rate continues to find support and faces resistance at round exchange rate levels. Economic Calendar On Wednesday, various exchange rates could react to the publication of
After failing to reach the 1.3050 mark, the GBP/USD overextended its surge at 1.3045, booked a new 2024 high level and started a decline. Eventually, the pair found support in the 1.2900 mark. Economic Calendar On Wednesday, various exchange rates could react to the publication of the Markit Services and Manufacturing Purchasing Managers Indices. They are called indices, but in fact
The EUR/USD has been moving in reaction to US data, comments on Federal Reserve policy and the ECB announcement. In general, the rate has been pushed up and down, but it is still near the 1.0900 level. Support is found in the 1.0870/1.0880 range and resistance has been confirmed to be located at 1.0940/1.0950. On Monday, the rate was located
The price for gold broke above the prior all-time-high level. However, the follow up surge eventually ended near the 2,480.00 mark. The 2,481.00/2,483.85 range was confirmed as resistance. Since these events, the price for gold has established a channel down pattern that has guided the price back below 2,400.00. In the near term future, the price is set to
Last week, the USD/JPY rate reached the 155.50 level, which acted as support. The follow up recovery found resistance at 157.70/157.85. On Monday, the broader decline appeared to have resumed. Meanwhile, it was observed the rate continues to find support and faces resistance at round exchange rate levels. In regards to resistance, the 157.00 level was keeping the pair down
After failing to reach the 1.3050 mark, the GBP/USD overextended its surge at 1.3045, booked a new 2024 high level and started a decline. Eventually, the pair found support in the 1.2900 mark. The recovery of the Pound against the US Dollar is encountering resistance in the combination of the 50 and 200-hour simple moving averages near 1.2935. If these
The EUR/USD has been moving in reaction to US data, comments on Federal Reserve policy and the ECB announcement. In general, the rate has been pushed up and down, but it is still near the 1.0900 level. Support is found in the 1.0870/1.0880 range and resistance has been confirmed to be located at 1.0940/1.0950. On Monday, the rate was located
During the pre-market trading of Monday, US stock index futures surged, as the announcement by US President Biden was seen as positive for the markets. Namely, the US President has called off his candidature for the US Presidential election.
The People's Bank of China has cut its market operations rate and the benchmark bank lending rates. This rate reduction was a surprise, as market consensus was that China would not cut rates. However, the reduction has come after the Chinese government reported lower than expected second quarter economic data and the meeting of the Communist Party leadership. The event caused
During Monday's trading, the stock price indices in Asia declined, despite an unexpected Chinese central bank rate cut.
The government of Thailand is set to introduce a new financial business law that is aimed at attracting new investment to the country.
The electronics maker Electrolux has managed to increase quarterly forecasts above market expectations. The surge in profits has occurred due to higher demand in the United States.