Markets

(Reuters) – British shares rose on Tuesday as investors hoped that the central bank will keep interest rates at record lows despite a recent rise in inflation, while heavyweight energy shares tracked a jump in oil prices. The benchmark FTSE 100 index climbed 0.2%, with…

(Reuters) – Britain’s Melrose Industries on Tuesday laid out plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders after the company sold its Nortek Air Management business, sending its shares 3% higher. Melrose, which specialises in acquiring and turning around…

BERLIN (Reuters) – Germany’s Bike24 will likely price its flotation on the Frankfurt Stock Exchange at 15 euros ($17.85) per share, the bottom of its marketing range to ensure a strong after-market performance, a bookrunner organising the deal said on Tuesday. The online bicycle dealership…

GBP/USD failed to settle above the resistance at 1.3920 and is testing the support level at 1.3900. British Pound Is Losing Ground Against U.S. Dollar GBP/USD is currently trying to settle below the support at 1.3900 while the U.S. dollar is gaining ground against a…

Eurozone consumer confidence and industrial trend orders from the UK will be in focus ahead of FED Chair Powell testimony late in the day… Earlier in the Day: It was another relatively quiet start to the week on the economic calendar this morning. The Kiwi…

The direction of the EUR/USD on Monday will be determined by trader reaction to the Fibonacci level at 1.1919. The Euro is edging higher against the U.S. Dollar on Monday as traders calmed down enough following last week’s steep selloff to take profits and square…

TOKYO (Reuters) – Asian stocks dropped on Monday after last week’s surprise hawkish shift by the U.S. Federal Reserve reduced the allure of riskier assets, while the Treasury yield curve flattened further with 30-year yields dropping below 2%. Japan’s Nikkei led declines with a 3.6%…

It’s a quiet day on the economic calendar. A lack of stats will leave central bank chatter in focus. ECB President Lagarde is scheduled to speak later in the day… Earlier in the Day: It was a relatively quiet start to the week on the…

Asian shares fell on Monday as investors remained wary of a more hawkish stance from the U.S. Federal Reserve. Most of the major Asia-Pacific stock indexes are down sharply following a plunge in Japanese shares. China stocks, however, are bucking the trend with a slight…

Gold is still bearish. We could see a move lower below the POC zone and the D H3 level. 1785 is where we could see the price rejecting. The structure is bearish with a possible retest of 1760 zone. If we see the D L3…