By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly undervalues” the roofing material supplier. Earlier on Wednesday, QXO CEO and billionaire Brad Jacobs made public its $124.25 per share offer for Virginia-based Beacon and […]
The Australian dollar is higher for a third consecutive trading day. In the North American session, AUD/USD is trading at 0.6233, up 0.63% at the time of writing. US headline CPI is rises to 2.9%, core CPI eases to 3.2% The US inflation report for December was a mixed bag, as headline CPI rose while
Stock heatmap by FinViz.com Wed, 15 Jan 2025 14:46:12 GMT Sector Overview Today’s stock market heatmap reveals a strong performance across several sectors, with notable gains in technology, consumer cyclical, and automotive sectors. 📈 Technology: Major players like Microsoft (MSFT) and Oracle (ORCL) have witnessed gains of 0.81% and 1.49% respectively. This uptick comes as
Dollar extended its near-term pullback in early trading after core inflation data for December came in slightly below expectations, offering a degree of relief to traders and investors. Treasury yields also retreated, with the 10-year yield falling back below the 4.7% mark. Core CPI rose by 3.2% yoy, down from 3.3%, a result that eased
2025.01.15 2025.01.15 Crude Oil Price Forecast for 2025, 2026, 2027–2030 and Beyond: WTI and Brent Outlook Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ This article provides a comprehensive overview of the USCRUDE trading instrument, addressing crucial components such as the current state of the oil market, influential factors affecting oil price shifts, and future forecasts. The outlook for oil prices
Bulgaria’s consumer price inflation accelerated slightly in December to the highest level in five months, data from the National Statistical Institute showed on Wednesday. The consumer price index, or CPI, climbed 2.2 percent year-over-year in December, after a 2.1 percent rise in November. Moreover, the latest inflation was the highest since July, when prices had
Slight increase in upward momentum is likely to lead to a higher trading range of 0.6170/0.6215. Australian Dollar (AUD) is expected to trade in a range, probably between 0.6130 and 0.6240, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Slight increase in upward momentum 24-HOUR VIEW: “Yesterday, we noted that the outlook
Bank of Japan Governor Kazuo Ueda signaled a likely rate hike. The US PPI increased by 0.2%, well below estimates of a 0.4% increase. Traders are focused on Wednesday’s Consumer Price Index report. The USD/JPY price analysis shows rising bets for a Bank of Japan rate hike next week, supporting the yen across the board.
By Jamie McGeever ORLANDO, Florida (Reuters) -While “U.S. exceptionalism” has undoubtedly helped drive Wall Street’s record-busting returns in recent years, it should not be confused with isolationism. The fourth-quarter U.S. earnings season that gets underway in earnest this week is a reminder that American firms – magnificent as some may be – still operate in
Later today, Wednesday, 15 December, we get the US consumer inflation data for November 2024 due at 1330 GMT which is 0830 US Eastern time Earlier posts: The PPI was out on Tuesday: This snapshot from the ForexLive economic data calendar, access it here. Taking a look at the range of expectations compared to the
2025.01.14 2025.01.15 Economic Calendar for the Week 20.01.2025 – 26.01.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Early last week, the DXY Dollar Index surpassed the 110.00 threshold and is now continuing its upward momentum toward the November 2022 highs and the 111.00 level. The dollar is rising amid positive macro statistics from the US, and its buyers open more
The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street’s estimates. Source link
Gold prices are currently in flux thanks to the US Dollar, global trade uncertainties, and geopolitics. A softer-than-expected US PPI release caused a temporary jump in Gold prices. The upcoming US CPI release is a key event that could trigger a significant move in Gold prices. Most Read: Global Market Outlook 2025: Trends, Risks, and
By Laura Matthews and Stefano Rebaudo (Reuters) -The dollar fell against the euro on Tuesday but was still hovering near its highest level in more than two years as the first of two inflation readings this week provided little assurance the U.S. Federal Reserve will soon cut interest rates. Cooler-than-expected producer prices in December followed
Dollar is holding steady against its peers in early U.S. trading, with softer-than-expected PPI report failing to trigger significant selling pressure. Market sentiment continues to shift toward the possibility that the Fed might refrain from additional rate cuts in 2025. Fed funds futures are currently pricing in less than 60% probability of a 25bps rate
S&P 500 index daily chart Things started off rather poorly for stocks yesterday but dip buyers managed to salvage something by the end of it all. Tech shares were still the laggard but it certainly wasn’t as bad as could be from the onset. The S&P 500 somehow pulled off a stunning recovery to even
