Ijaz
Walmart’s stock fell Thursday as quarterly earnings were expected to decline for the first time in three years, with strength in groceries and GLP-1 drug sales continuing to pressure margins. Source link
The Indian Rupee gathers strength in Friday’s Asian session. Significant US Dollar sales and easing concerns on trade tensions underpin the INR. The preliminary Indian and US PMI reports for February will be the highlights later on Friday. The Indian Rupee (INR) gains ground on Friday after reaching a one-week high in the previous session. … Read more
Fund managers admit they’re buying overvalued stocks. Source link
USD/CAD remains steady as the US Dollar faces challenges due to improved market sentiment. US Initial Jobless Claims increased to 219,000 in the previous week, surpassing the expected 215,000. The Bank of Canada may rethink to cut rates amid elevated inflation in Canada. USD/CAD moves little after registering losses in the previous session, trading around … Read more
At least for now, U.S. large-cap technology and growth stocks appear “free of their difficult relationship with long-term yields,” according to DataTrek Research. Source link
The Australian Dollar declines as the US Dollar experiences a technical upward correction. Australia’s Judo Bank Manufacturing PMI increased to 50.6 in February, up from 50.2 in January. RBA’s Bullock warned that an overly rapid or excessive monetary policy easing could hinder the disinflation process. The Australian Dollar (AUD) edges lower against the US Dollar … Read more