The company reports net revenues of $701 million, an 11% increase from the prior year period
Blogs
USDCHF Maintains a Horizontal Bearing as Momentum Fades
<p>USDCHF has been mainly flat for the last two weeks confined within the 0.9742 and 0.9590 boundaries. Confirming the mostly directionless market are the 50- and 100-period simple moving averages (SMAs’) uncertain signals and the sideways demeanour of the 200-period SMA. The short-term oscillators, although tilting marginally negative, sugge
US Futures Slightly Rising, Watch NFLX, FB, T, TXN
<p>The S&P 500 Futures are rebounding after they fell for a second session in a row yesterday, as sentiment was still impacted by the dim economic outlook reflected by plunging oil prices. European indices are posting a tentative rebound. The U.K. Office for National Statistics has released March CPI at +1.5% on year, as expected. [&hell
Brent Oil Outlook: Brent Oil Falls To The Lowest Since 1999 On Panic Over Supply Glut And A Lack Of Storage
<p>Brent oil fell to the lowest since 1999 on Wednesday as extension of previous day’s 25% fall probed below $16 per barrel. Brent oil price managed to stay afloat above $20 level in past few days after US shale oil slumped into negative territory for the first time in the history, but worsening conditions in […]
EU Issuance Continues, Focus Turning To EU Leader Teleconference Call On Thursday
<p>Notes/Observations Risk-on appetite finding some room as rising as optimism grows over a gradual lifting of lockdown restrictions to begin a first step towards economic recovery EU debt issuance parade continues in session, Spain, UK, Portugal with supply (saw Italy and Luxembourg syndicates on Tuesday) Demand for Spain 10-year syndicate s
Canada: Inflation to fall even further in the coming months – BMO
Canadian inflation hit the brakes hard at the start of the shutdowns, sliding from above target to below 1% in a single month, per the Bank of Montrea
USD/CNH: Outlook remains neutral near term – UOB
FX Strategists at UOB Group keep the neutral stance on USD/CNH, which is seen extending the consolidative mood in the next weeks. Key Quotes 24-hour v
Turkey: USD/TRY to break above 7 after CBRT rate cut – TDS
The CBRT has cut the repo by 100bps to 8.75% today, more than TD Securities’ analysts (-75bps), and the consensus (-50bps) had expected. USD/TRY is si
Oil Markets and US Stocks Gain Ground on New Stimulus Plan
Yesterday, the oil markets recovered, boosted by the Republican coronavirus plan release and despite the advance of the pandemic.
EZ PMIs Preview: EUR/USD may have already priced the downfall
Markit's Purchasing Managers' Indexes are expected to be extremely low but is likely priced in and EUR/USD has room to rise or shrug off bad news, acc