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By Danilo Masoni MILAN (Reuters) - World shares turned lower on Wednesday and bond yields shot up after U.S. data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. U.S. futures turned negative after data showed U.S. annual consumer price growth slowed to 8.3% in April from 8.5% in March, suggesting that inflation has probably peaked. The number, however, was above the 8.1% analyst had expected. Paolo Zanghieri, senior economist at Generali (BIT:GASI) Investments, said the data confirmed the view that the return of inflation to more tolerable values will take time. "Overall today's data add to the case of the strong front-loading called for by (|Fed Chair Jerome) Powell in the last meeting, who also suggested the possibility of two more 50bps rise in June and July," Zanghieri said. "However, this will keep concern on the possibility of a recession high, and ultimately weakening growth may lead the Fed to temper it tightening after the summer." MSCI's benchmark for global stocks was flat by 1247 GMT, having earlier risen as much as 0.3%. On Tuesday, the index fell to its lowest level since November 2020 on fears Fed tightening could significantly slow down the global economy. U.S. equity futures turned sharply negative, with the Nasdaq and S&P 500 e-minis down 1% and 0.6% respectively. The pan-European STOXX 600 equity benchmark index also trimmed gains, and was last up 0.2%. Money markets ramped up bets of Fed rate hikes by end-2022 to 208 basis points after the U.S. inflation numbers, compared to around 195 bps before. Earlier in Asia, equities squeezed higher from near two-year lows. Chinese blue chips rose 1.4% after Shanghai officials said half the city had achieved "zero COVID" status, and after U.S. President Joe Biden said he was considering eliminating Trump era tariffs on China. Chinese data released on Wednesday, however, showed consumer prices rose 2.1% from a year earlier, more than expected and at the fastest pace in five months, partly due to food prices. YIELDS SHOOT UP After falling to their lowest levels in almost a week earlier on Wednesday, benchmark 10-year Treasury yields turned positive after the inflation data, marching back towards the three-year high of 3.203% hit on Monday. The 10-year yield was last up 6 basis points on the day to 3.0502%, while the 2-year yield, which often reflects the Fed rate outlook, jumped 11 bps to 2.717%. Euro area government bond yields also sold off following the U.S. data, sending German 10-year yields up 8 bps to 1.084%. Bets over aggressive Fed tightening have also supported the dollar this year. The dollar index, which measures its performance against six main peers, reversed earlier weakness and was last up 0.1% to 104.04, closer to the two-decade high of 104.19 reached at the start of the week. The Fed last week raised interest rates by 50 basis points and Chair Jerome Powell said two more such hikes were likely at the upcoming policy meetings. There has also been speculation in markets the U.S. central bank will need to move by 75 basis points at one meeting and currently money markets are pricing over 190 basis points of combined rate hikes by year. "The current problem is that the market is convinced that the Fed is determined to fight inflation and therefore willing to tolerate market volatility and some demand destruction more than in the past. Personally, I'm less convinced of this determination," said Giuseppe Sersale, fund manager at Anthilia. Morgan Stanley (NYSE:MS) forecasts 2022 global economic growth to be less than half of last year's at 2.9%, down from a previous estimate of 3.2%. The U.S. bank also cut its year-end target for the S&P 500 by 11% to 3,900 points, while raising its U.S. 10-year yield forecast by 55 bps to 3.15%. Oil bounced back, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil. [O/R] Brent rose 2.6% to $105.12 a barrel and U.S. crude rose 3% to $102.77. Spot gold dipped 0.1% to $1,836.2 an ounce.
106 Replies 6 π 13 π₯
@trademaster #TradeHouses
By Alun John HONG KONG (Reuters) - Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the Federal Reserve will raise rates. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%, having fallen to its lowest since July 2020 the day before. Japan's Nikkei gained 0.3%. European markets also were set to open higher, with EUROSTOXX 50 futures up 0.7%. Nasdaq futures added 0.8% and S&P 500 futures gained 0.4%. Chinese blue chips led Asia's gains, rising 2% helped by Shanghai officials saying half the city had achieved "zero COVID" status, and U.S. President Joe Biden saying he was considering eliminating Trump era tariffs on China as a way to lower prices for goods in the United States. But, "the main factor for markets right now is inflation, inflation, inflation," said Carlos Casanova, senior Asia economist at UBP. "Indian inflation was higher this week, Chinese inflation was higher than expected today, and everyone is concerned about U.S. inflation and the possibility of recession in the U.S., which rises with every rate hike," he said. Chinese data released earlier on Wednesday showed consumer prices gained 2.1% from a year earlier, above expectations and the fastest pace in five months, partly due to food prices. Factory-gate inflation, while also above expectations, eased to a one-year low. U.S. consumer price data, due at 1230 GMT, could give an indication of whether the Fed will raise rates even more aggressively to combat inflation. The Fed last week raised its target for overnight bank-to-bank lending by a half a percentage point, and Chair Jerome Powell said two more such hikes are likely at the U.S. central bank's coming policy meetings. There has also been speculation in markets the Fed will need to go in for a massive 75 basis point hike at one meeting. Aggressive tightening has sent U.S. Treasury yields higher, and supported the dollar. The dollar index, which measures the greenback against six main peers, was steady at 103.79, not far from the high of 104.49 reached at the start of the week is highest since December 2002. "The dollar's reaction to the CPI will be asymmetrical in our view," said CBA analysts in a note. "A positive surprise will encourage markets to increase pricing for a 75pt increase in the Funds rate later in the year and support the dollar, while a negative surprise will keep pricing for 50bp increases in June and July intact and leave the dollar steady." Analysts expect the U.S. consumer price index to show a sharp pullback in monthly growth, cooling to 0.2% in April from 1.2% in March. They also predict an annual increase of 8.1%, 0.4 percentage point lower than the prior 8.5%, which was the hottest reading since December 1981. U.S. Treasuries were also quiet ahead of the data. The benchmark 10-year note yield was little changed at 2.9774%, having fallen from a three-year high hit Monday. On the front end of the curve, the U.S. two-year yield, which often reflects the Fed rate outlook, was steady at 2.6228% Bitcoin was trading around $31,700, having staged a small recovery after falling below $30,000 on Tuesday for the first time since July 2021. Oil bounced back from declines the previous day as markets try to balance concerns that China's zero COVID policy will impact demand and that a proposed European Union ban on Russian oil will hit supply. U.S. crude rose 2.36% to $102.08 a barrel, having fallen below $100 on Tuesday for the first time this month. Brent rose 2.34% to $104.85. Spot gold as steady at to $1838.7 an ounce.
67 Replies 12 π 12 π₯
@Marcosx #ivtrades
you should switch your avatar to Johnny five with gold plate he changed at end of 2nd movie
95 Replies 8 π 15 π₯
@trademaster #TradeHouses
By Florence Tan SINGAPORE (Reuters) - Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that could tighten global supplies. Brent crude lost 41 cents, or 0.4%, to $111.98 a barrel by 0603 GMT. U.S. West Texas Intermediate crude was at $109.24 a barrel, down 53 cents, or 0.5%. Both contracts briefly turned positive after falling more than $1 earlier in the session. "The broader risk-off sentiment sparked by the recession fears, and China's lockdowns are the major factors that pressure the oil price," CMC Markets analyst Tina Teng said. Global financial markets have also been spooked by concerns over interest rate hikes and recession worries as tighter and wider COVID-19 lockdowns in China led to slower export growth in the world's No. 2 economy in April. Crude imports by China, the world's top oil importer, rose nearly 7% in April from a year earlier although imports for the first four months fell 4.8% on year. A price cut by Saudi Arabia also reflected worries over global oil demand, Teng said. Saudi Arabia, world's top oil exporter, lowered crude prices for Asia and Europe for June on Sunday. EU RUSSIA OIL EMBARGO Last week, the European Commission proposed a phased embargo on Russian oil as part of its toughest-yet package of sanctions over the conflict in Ukraine, boosting Brent and WTI prices for the second straight week. However, the proposal requires a unanimous vote among EU members this week. The EU proposal was followed by a pledge by G7 nations on Sunday to ban or phase out Russian oil imports. Washington also imposed new sanctions against Gazprombank executives and other businesses. Japan, part of G7 and one of the world's top five crude importers, will ban Russian crude imports "in principle", Prime Minister Fumio Kishida said on Sunday. "It seems inevitable that both the EU and Japan will be competing for more non-Russia supplies in the future, and this is underpinning prices," said Jeffrey Halley, OANDA's senior analyst, in a note. Bulgaria's Deputy Prime Minister, however, said on Sunday that his country would veto EU oil sanctions on Russia if it does not get a derogation from the proposed ban. "The talks will continue tomorrow, on Tuesday too, a meeting of the leaders may be needed to conclude them. Our position is very clear. If there be a derogation for some of the countries, we want to get a derogation too," Vassilev told national BNT television. Bulgaria had earlier said it would seek an exemption from the proposed Russian oil ban if such opt-outs were allowed, but it was not clear if it was seeking a full exemption or a delay similar to the one proposed on Friday for Hungary, Slovakia and the Czech Republic.
138 Replies 14 π 13 π₯
@NoobBot #Crypto4Noobs
Avalanche rebounds 25% in five days as AVAX price tests key level β big rally ahead? https://cointelegraph.com/news/avalanche-rebounds-25-in-five-days-as-avax-price-tests-key-level-big-rally-ahead
101 Replies 6 π 14 π₯
@AJAJ #droscrew
you know hold on to your enthusiasm for now. got to get above the damn 21ema first. then can high five
83 Replies 14 π 7 π₯
@trademaster #TradeHouses
By Danilo Masoni MILAN (Reuters) - World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000. In a busy week for central bank meetings, Australia's central bank raised its key rate by a bigger-than-expected 25 basis points on Tuesday, lifting the Aussie dollar as much as 1.3% and hitting local shares. On Thursday, the Bank of England is expected to raise rates for the fourth time in a row. MSCI's benchmark for global stocks gained 0.1% by 1216 GMT as European shares rose after surviving a "flash crash" on Monday caused by a single sell order trade by Citigroup (NYSE:C). The pan-European STOXX 600 equity benchmark was up 0.2%, bouncing back from Monday's losses and supported by upbeat earnings reports and gains in banking stocks tracking higher bond yields. "These are small flashes of sunshine in the markets. The broader scenario however is not encouraging," said Enrico Vaccari, head of institutional sales at Consultinvest in Milan. "Even though there's room for stock markets to rally from oversold levels, in the long term the headwinds are too many, simply because the speed of the Fed's rate hikes will drive equity and especially bond market movements," he added. In the UK, the FTSE 100 index, which reopened following a long weekend, fell 0.4%. In France, BNP rose 4% after a sharp increase in trading activities helped the country's biggest lender top earnings growth expectations. In Asia, equities were mostly steady in holiday-thinned trade, with both China and Japan markets shut, but in Hong Kong, Alibaba (NYSE:BABA) shares fell as much as 9% on worries over the status of its billionaire founder Jack Ma. A state media report that Chinese authorities had taken action against a person surnamed Ma hit the stock hard, but it recouped losses after the report was revised to make clear it was not the company's founder. Hong Kong's Hang Seng index was up 0.1% and South Korea's KOSPI declined 0.3%. Australia's S&P/ASX 200 index fell 0.4% as the central bank raised rates and flagged more hikes ahead to contain inflation. U.S. equity futures steadied, with the Nasdaq and S&P 500 e-minis hovering between flat and a rise of 0.1%, held back by some underwhelming earnings reports. On Monday, Wall Street closed a seesaw session higher as investors bought into tech stocks in the last hour of trading amid bets they had been overly beaten down ahead of this week's Fed meeting. Investors expect the Fed to raise rates by 50 basis points at the end of a two-day meeting on Wednesday, although there was uncertainty around how hawkish Chair Jerome Powell will sound in comments following the decision. Around 250 basis points of rate hikes by the end of this year are already priced in by money markets, which some analysts say reduces the scope for hawkish surprises this week. U.S. treasury yields stayed near 3% in European trade, after breaching that key psychological milestone for the first time since December 2018 on Monday. The U.S. benchmark 10-year yield fell 2 basis points to 2.955%. In April, it rose 59 basis points, scoring its best month since 2009. Consultinvest's Vaccari said if 10-year U.S. yields were to reach 4%, there would be a "very strong shift towards bonds even though that risk today looks quite far away". The dollar, which has been supported by safe haven buying on worries over the economic outlook, stayed just below the nearly two-decade high reached in April and the euro steadied above the lowest level in more five than years hit last month. The dollar index was last at 103.25, down 0.3% on the day. The euro traded up 0.4% at $1.0546. RBA JOINS THE CLUB Elsewhere in currency markets, the Australian dollar jumped after the central bank raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in more than a decade. It also flagged more rate hikes to come as it pulls down the curtain on massive pandemic-related stimulus. "The RBA has joined the club, with a rate hike today that was a little larger than we had expected. The case to start to move policy off emergency settings was clear and the RBA has responded to that," said Jo Masters, chief economist at Barrenjoey in Sydney. The Aussie was up 0.9% at $0.712 as a majority of analysts in a Reuters poll had expected a rise to only 0.25%. The UK pound rose, moving away from its 22-month lows against the dollar as traders took profits on the recent surge in the greenback ahead of the Bank of England policy meeting. [GBP/] Sterling rose 0.3% to $1.253, against the low of $1.2412 hit last week. Oil prices slipped as concerns about the demand outlook due to prolonged COVID lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine. [O/R] Brent crude fell 1.1% to $106.4 per barrel, and U.S. crude lost 1.2% to $103.9. London copper prices fell to three-month lows as COVID-19 restrictions in top consumer China and the prospect of aggressive U.S. rate hikes fuelled worries about weaker global growth hitting metals demand. [MET/L] Benchmark copper on the London Metal Exchange was down 2.5% at $9,525.50 a tonne. Gold prices hit their lowest since mid-February before recovering, as an elevated dollar and the imminent rate hike by the Fed dampened bullion's appeal as an inflation hedge. [GOL/] Spot gold was flat at $1,863 per ounce.
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@trademaster #TradeHouses
By Tom Westbrook SINGAPORE (Reuters) - Global stocks steadied on Thursday, taking comfort from company earnings, while a collapse in the yen after Japan doubled down on anchoring bond yields drove the dollar toward its highest levels in decades. The yen dropped to a 20-year low and breached the 130-to-the-dollar level after the Bank of Japan vowed to buy unlimited amounts of 10-year bonds daily to defend its yield target. The yen was last at 130.11 per dollar. The BOJ's move was in stark contrast with investors' conviction that U.S. interest rates are about to start going up fast and it jolted the dollar higher across Asia and against majors. [FRX/] The U.S. dollar index hit a five-year high of 103.55 and is not far from its 2017 peak of 103.82. An energy crisis in Europe hasn't helped the common currency, either, and the euro was testing major support at $1.05. The dollar also made a two-month high on the Aussie an 18-month high on the yuan, a 21-month high on the kiwi and an almost two-year top on the Swiss franc. "The most important theme (in markets) are the monetary policy differences between the U.S. and the rest of the world, especially Asia," said Kiyong Seong, lead Asia macro strategist at Societe Generale (OTC:SCGLY) in Hong Kong. "Even though the market already anticipated the BOJ would remain accommodative, finding out again has led to an exaggerated move," he said. In equities, Nasdaq 100 futures were up 1.4% and S&P 500 futures rose 0.8% after Facebook (NASDAQ:FB) owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. A rally in Microsoft (NASDAQ:MSFT) shares through Wednesday had also helped Wall Street indexes to a steady close. [.N] MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, led by a 1% bounce in Australia's commodity-heavy bourse. (AX) Standard Chartered (OTC:SCBFF) also turned in a forecast-beating 6% rise in first-quarter profit on Thursday, sending its Hong Kong-listed shares up more than 12%. Japan's Nikkei rose 1.5% and was heading for its best day in two weeks as investors cheered the weaker currency and Bank of Japan's vows of policy support. Japanese government bonds had their best rally in a month. [JP/] "The BOJ is not promoting a weak yen, but their policy is in a way supporting a weak yen," said Bart Wakabayashi, branch manager at State Street (NYSE:STT) Bank in Tokyo. "I think most people would have agreed 130 is in play, but now it's a foregone conclusion." European futures rose 0.5% and FTSE futures rose 0.3%. FED UP Looming over markets is uncertainty about the economic fallout of war in Ukraine, highlighted by Russia's halt on gas supply to Poland and Bulgaria on Wednesday, and lingering lockdowns in China which are sharply curbing activity. Set against that is investors conviction that U.S. rates are rising and that next week's Federal Reserve meeting will bring the first of several consecutive 50-basis-point hikes. U.S. growth data, due later in the day, may temper that path a little bit if - as trade figures on Wednesday suggested - it is wavering, but a major focus is on consumers and whether they can keep company earnings ticking over even as rates go up. "Consumers are still, for now, taking higher prices in their stride. It's enough cheer for (stock) markets," said Seng Wun Song, an economist at CIMB Private Bank in Singapore. "It's all about whether consumers are confident enough to carry on." Treasuries were steady in the Asia session, nursing small Wednesday losses, with two-year yields at 2.5970% and benchmark 10-year yields at 2.8301%. [US/] Oil wobbled lower on Chinese demand concerns, and Brent crude futures were last down 1.5% at #103.71 a barrel.[O/R] Palm oil touched a seven-week high after major producer Indonesia widened its export ban.
77 Replies 8 π 13 π₯
@trademaster #TradeHouses
By Shadia Nasralla (Reuters) -Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe's biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China's economic outlook. Erasing earlier gains, Brent crude futures dipped 54 cents, or 0.5%, to $104.45 a barrel by 1259 GMT. U.S. West Texas Intermediate crude futures dropped 79 cents, or 0.8%, to $100.91 a barrel. Russian energy giant Gazprom (MCX:GAZP) said on Wednesday it halted gas supplies to Bulgaria and Poland in a major escalation of Russia's broader row with the West over Ukraine. European Commission President Ursula von der Leyen said Russia was using fossil fuels to blackmail the EU but added the era of Russian fossil fuels in Europe was coming to an end. Germany is pushing ahead with attempts to become independent of Russian oil imports. German economy minister said plans to for Germany to take control of the PCK Schwedt refinery, majority-owned by Rosneft and the last big German buyer of Russian crude, were progressing. U.S. government data on oil inventories is due later on Wednesday. [EIA/S] Industry data on Tuesday showed U.S. crude and distillate stocks rose last week, while gasoline inventories fell. [API/S] Also capping oil price gains, the dollar rose to its highest in five years on Wednesday, making oil purchases more expensive for holders of other currencies. [FRX/] "A U.S. crude build last week and still solid Russian crude exports is limiting the upside for crude," said UBS commodity analyst Giovanni Stauvono. "This (is) a risk off environment with a stronger U.S. dollar and mobility restrictions in the second largest oil consumer, China." China's central bank said it would step up monetary policy support as Beijing races to stamp out a nascent COVID-19 outbreak in the capital and avert the same type of debilitating city-wide lockdown Shanghai has been under for a month. Any stimulus would boost oil demand. The International Monetary Fund (IMF) warned that Asia faced a "stagflationary" outlook. Still, China's domestic flight demand has rebounded, travel data firm OAG said.
81 Replies 7 π 14 π₯
@trademaster #TradeHouses
By Mohi Narayan Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs. Brent crude futures were at $103.50, up $1.18, or 1.15%, and U.S. West Texas Intermediate contracts climbed to $99.41, up 87 cents, or 0.88% at 0448 GMT. Both contracts had settled down around 4% on Monday, with Brent falling as much as $7 a barrel in the session and WTI dipping roughly $6 a barrel. China will keep liquidity reasonably ample in financial markets, the People's Bank of China (PBOC) said in a statement on Tuesday, a day after the central bank announced a cut to banks' foreign exchange reserve ratio to support its economy. "Coming on the heels of the central bank cutting the foreign currency reserve requirement ratio for banks, it provided some relief to investors," energy market analysis provider Vanda (NASDAQ:VNDA) Insights said in a note. China's capital Beijing expanded its COVID-19 mass testing from one district this week to most of the city of nearly 22 million, as they braced for an imminent lockdown similar to Shanghai's stringent curbs. "The hit from Chinese lockdowns is over a million barrels a day and the testing of 12 districts over the next five days will determine the next major move for crude prices," wrote Edward Moya, a senior market analyst for OANDA in a note. Separately, in a bearish signal for oil markets, five analysts polled by Reuters estimated on average that U.S. crude inventories increased by 2.2 million barrels in the week to April 22. Stockpiles of gasoline rose by about 500,000 barrels last week, and distillate inventories, which include diesel and heating oil, were expected to have decreased by 600,000 barrels. The poll was conducted ahead of the release of the inventory report from the American Petroleum Institute, an industry group, at 4:30 p.m. EDT (2030 GMT) on Tuesday. The official government Energy Information Administration data will be out on Wednesday. Analysts said that the supply side concerns over phasing out of Russian oil from the market will continue to support prices.
100 Replies 12 π 7 π₯
@trademaster #TradeHouses
By Stella Qiu and Tom Westbrook BEIJING (Reuters) - Asian shares wobbled on Friday and the Chinese yuan slid as investors fretted about an increasingly aggressive rate-hike outlook for the United States, and the fallout for the global economy from lockdowns in China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% and touched a five-week low, weighed down by a 1.6% loss for Australia's resource-heavy index and a 0.8% drop in South Korean shares. Japan's Nikkei declined 1.6%. The European open is also looking weak, with EuroSTOXX 50 futures down 1.6% and FTSE futures down 1.2%. S&P 500 futures are down 0.1%. Chinese stocks staged a recovery in volatile trade, with the mainland's bluechips reversing early loses to gain 1% on hopes for policy support, but the currency remains under pressure as lockdowns in Shanghai take a bite out of growth. The yuan hit a seven-month low and is on course for its worst week since 2019. Analysts at HSBC expect a comprehensive easing package on all fronts, both monetary and fiscal, from China is needed, including loosening measures in the property sector, which has been hit hard by restrictions on access to credit. "The next key focus will be the China PMI data next week," said Jingyang Chen, a currency analyst at HSBC in Hong Kong, where a negative surprise could drive the yuan lower still. "High frequency data in April has suggested severe supply chain disruptions caused by the virus containment measures in the Yangtze River Delta region, which accounts for almost a quarter of China's GDP." Tech shares in Hong Kong were supported by signs of progress in resolving audit issues that have called into question the U.S. listings of Chinese firms, but rates worries kept most other asset classes on edge. U.S. RATE HIKES On Thursday, U.S. Federal Reserve Chairman Jerome Powell said a half-point interest rate increase will be "on the table" when the Fed meets in May, adding it would be appropriate to "be moving a little more quickly." His remarks effectively confirmed market expectations of at least another half-percentage-point rate hike from the Fed next month, and Nomura now expects 75 basis point hikes at its June and July meetings, which would be the biggest of that size since 1994. Selling pressure persisted in bond markets, driving five-year U.S. Treasury yields to 3.04%, the highest late 2018, and two-year yields to a new high of 2.7620%. [US/] Elsewhere, markets were still reeling from comments by European Central Bank officials that the central bank might start hiking euro zone rates as early as July. German two-year yields hit an eight-year high on Thursday. In currency markets the yen steadied on talk of joint Japan-U.S. FX intervention, while the euro has given up Thursday's bounce as nerves about Sunday's French presidential election creep in. The yen last traded at 127.82 per dollar and the euro at $1.0848. Dollar gains drove the Australian and New Zealand dollars to multi-week lows. [FRX/] Oil prices fell on Friday, burdened by the prospect of interest rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand. Brent crude futures were down $1.30, or 1.2%, at $107.03 a barrel, while U.S. West Texas Intermediate (WTI) crude futures declined $1.27, or 1.2%, to $102.52. The looming U.S. rate hikes have weighed on gold. Spot gold was last down 0.02% to $1,951.32 per ounce. Wall Street indexes fell on Thursday, with the S&P 500 down 1.5% and the Nasdaq down 2%.
136 Replies 6 π 8 π₯
@NoobBot #Crypto4Noobs
**@CNBC:** Elon Musk: "Iβll be surprised if weβre not landing on Mars within five years." (via @CNBCMakeIt) https://t.co/lgb5rsH3Z3 https://twitter.com/CNBC/status/1515011815083761672
118 Replies 9 π 14 π₯
@NoobBot #Crypto4Noobs
Five-year Jail Term: Has Virgil Griffith Become Ethereumβs Ross Ulbricht? https://cryptonews.com/exclusives/five-year-jail-term-has-virgil-griffith-become-ethereums-ross-ulbricht.htm
78 Replies 13 π 13 π₯
Key Metrics
Market Cap
6.97 B
Beta
1.66
Avg. Volume
0.91 M
Shares Outstanding
55.51 M
Yield
0%
Public Float
0
Next Earnings Date
2022-06-01
Next Dividend Date
Company Information
Five Below is a leading high-growth value retailer oοΏ½ering trend-right, high-quality products loved by tweens, teens and beyond. They know life is way better when you're free to "let go & have fun" in an amazing experience οΏ½lled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced beyond $5, the company makes it easy to say YES! to the newest, coolest stuοΏ½ across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,050 stores in 38 states.
CEO: Thomas Vellios
Website: www.fivebelow.com
HQ: 701 Market St Ste 300 Philadelphia, 19106 Pennsylvania
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