Global investment banks project jump in yuan in 2023 By Reuters
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow […]
Interactive Brokers’ DARTs Jump 14% in January as Client Accounts Grow
Interactive Brokers, an American online broker, published its brokerage metric for January 2023 on Wednesday, reporting a 14% month-over-month (MoM) increase in its Daily Average Revenue Trades (DARTs) which reached 1.988 million. Year -over-year (YoY), however, the broker’s DARTs decreased by 24% last month. Furthermore, the broker, which defined its DARTs as customer orders divided […]
Market Spotlight: Computacenter Shares Jump on Profit Guidance
Better 2022 Results Shares in UK listed Computacenter, Europe’s chief independent provider of IT infrastructure services, are up over 7% today. The move comes in response to updated from the company today with 2022 results now projected to be better than initially expected. Total revenues over last year were seen 30% above the company’s own […]
IG Extends Share Buyback Program amid 10% Revenue Jump
IG Group (LON: IGG) closed six months ended 30 November 2022, which is the first half of the financial year 2023, with total revenue of £519.1 million and pre-tax profits of £240.5 million. While the revenue jumped 10 percent year-over-year, the pre-tax profits slightly decreased by 2 percent. The adjusted total revenue came in at […]
Tesla Continues to Jump After Earnings Beat!
Tesla stock rose more than 5% after beating both earnings and revenue. Revenue came in at $24.32bn vs the $24.16bn expected. Boeing reported a $650 million operating loss in Q4 as shares slid more than 3%. This surprised Wall Street analysts who had expected them to turn a profit. Timestamps TSLA 01:45 BA 03:05 The […]
Asian FX bulls jump to multi-year highs, spurred by China reopening: Reuters poll By Reuters
© Reuters By Archishma Iyer (Reuters) – Bullish bets on the Thai baht and Chinese yuan hit five-year highs as China’s sharp pivot from its strict COVID-19 curbs boosted investors’ appetite for strengthening long positions in regional currencies, a Reuters poll showed on Thursday. Long positions firmed on nearly all Asian emerging currencies, many of […]
Bitcoin Forecast: Potential Jump Ahead
Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen.The […]