Multiple airlines have suspended flights to Venezuela citing rising tensions. The US has been, and is continuing, ramping up military presence and pressure in the region, leading to speculation of some sort or imminent action. investingLive Exclusive 2m ago
The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on dovish comments from New York Federal Reserve (Fed) President John Williams. Fed Williams said he still sees room for a near-term rate cut, acknowledging that progress on inflation has stalled…
Prior was 54.8 Manufacturing 51.9 vs 52.0 exp Prior manufacturing 52.5 Composite PMI 54.8 vs 54.5 prior Prior composite 54.6 Chris Williamson, Chief Business Economist at S&P Global Market Intelligence: “The flash PMI data point to a relatively buoyant US economy in November, signalling annualised GDP growth of about 2.5% so far in the fourth quarter. The upturn also…
United States S&P Global Composite PMI climbed from previous 54.6 to 54.8 in November
Sector Overview Today’s stock market heatmap reveals a mix of dynamic sector performances, with technology leading the charge. Notably: Communication Services: Google (GOOGL) surged by 3.50%, boosting confidence in the sector as investor sentiment turns optimistic. Consumer Cyclical: Tesla (TSLA) saw a rise of 1.27%, showing strength in the auto manufacturing space, while Amazon (AMZN) dipped slightly by 0.29%…
United States S&P Global Services PMI above expectations (54.8) in November: Actual (55)
Prelim was 50.5 Prior was 53.6 Conditions 51.1 vs 58.6 prior Expectations 51.0 vs 50.3 prior The UMich numbers are unreliable and haven’t tracked consumer spending for a long time. This article was written by Adam Button at investinglive.com.
Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
Prior month 1.3% (revised from 1.4%) Wholesale sales for the month of August 0.1% versus 0.4% estimate. Wholesale inventories 0.0% versus -0.2% estimate. Inventory to sales ratio 1.28 months versus 1.28 months last month.The ratio is near the low levels going back to midyear 2022 This article was written by Greg Michalowski at investinglive.com.
Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
