Markets

HONG KONG (Reuters) -Shares of cash-strapped China Evergrande Group and its electric vehicle unit fell early on Wednesday, as the country’s state planner called on companies in “key sectors” to “optimise” offshore debt structures. Evergrande and China Evergrande New Energy Vehicle Group Ltd both fell…

The U.S. dollar slipped as European markets opened on Wednesday, while the Australian dollar pared gains, having jumped following surprisingly strong inflation data which raised the possibility of sooner-than-planned rate hikes. Currency markets have been generally quiet in recent sessions as investors wait for the…

EUR/USD did not manage to settle below the support at 1.1580 and rebounded towards the resistance at 1.1610. Euro Gains Ground Against U.S. Dollar EUR/USD is currently trying to settle back above the resistance at 1.1610 while the U.S. dollar is under pressure against a…

The BOJ is expected to show again that it has no intention of following other central banks in backing away from pandemic policies. The Dollar/Yen is edging lower early Wednesday as traders position themselves ahead of Thursday’s Bank of Japan (BOJ) monetary policy decisions. The…

After another “stellar” rally that was supposed to reach 100K by next week (I’m exaggerating), Bitcoin has instead established a lower high formation off of a notable resistance area. While this price action is bearish, that does not mean Bitcoin is going into a bearish…

Shiba Inu’s Market Cap Continues To Rise Shiba Inu has recently made an attempt to get above $0.000060 while other cryptocurrencies remained under pressure. Shiba Inu is a bright spot in today’s crypto market. The world’s leading cryptocurrency, Bitcoin, continues its attempts to settle below…

It’s a relatively busy day ahead. While economic data from the Eurozone and the U.S will draw interest, the Bank of Canada’s monetary policy decision will be the main event… Earlier in the Day: It was a busy start to the day on the economic…

The direction of the December WTI crude oil market on Tuesday is likely to be determined by trader reaction to $83.10 and $84.19. U.S. West Texas Intermediate crude oil futures are edging higher shortly after the New York opening on Tuesday after recovering from an…

Apple, Amazon, Microsoft, Alphabet… and Tesla. We now have a trillion-dollar EV firm whose 10% surge on Monday lifted Wall Street to new record highs — electric vehicles going mainstream is perhaps encouraging news ahead of the COP26 environment summit. The news was less cheerful…

“Reasons To Buy: Mastercard’s strategic acquisitions, alliances and technology upgrades, along with product-diversification and geographic-expansion initiatives augur long-term growth,” noted analysts at ZACKS Research. MasterCard Inc, a global payments and technology company, is expected to report its third-quarter earnings of $2.19 per share, which represents…