NEWSROOM

Our newsroom is your go-to for market news, analysis, mini-courses and a variety of articles designed to make you a well-informed, well-rounded trader.

Wall Street surges to all-time closing high on earnings, economic revival By Fitrex

By Stephen Culp NEW YORK (Fitrex) – Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The Dow closed above 35,000 for the first time ever. …

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At least 112 dead in India as rains trigger floods, landslides By Fitrex

By Rajendra Jadhav MUMBAI (Fitrex) -At least 112 people have died in the western Indian state of Maharashtra, authorities said on Friday, after torrential monsoon rains caused landslides and flooded low-lying areas, cutting off hundreds of villages. Parts of India’s west coast received up to 594 mm (23 inches) of rainfall over 24 hours, forcing …

At least 112 dead in India as rains trigger floods, landslides By Fitrex Read More »

Honeywell raises full-year targets after profit beats on aerospace strength By Fitrex

(Fitrex) -Honeywell International on Friday reported a better-than-expected quarterly profit and raised its full-year forecasts, helped by improving sales in its aerospace unit as air travel rebounds from a pandemic-prompted slowdown. The U.S. industrial conglomerate, which makes everything from aircraft engines to warehouse automation equipment, has seen its bottomline boost with rising domestic air traffic …

Honeywell raises full-year targets after profit beats on aerospace strength By Fitrex Read More »

Stocks back near record highs on dovish ECB bets By Fitrex

By Huw Jones LONDON (Fitrex) – Stocks returned to near record highs in Europe on Thursday as investors bet on the European Central Bank keeping its stimulus taps full open as long as COVID remains a threat to growth. A revived appetite for riskier assets came as worries that the Delta variant of COVID-19 would …

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U.S. Crude Oil Stockpiles up Unexpectedly, First Time in 9 Weeks By Fitrex

(Adds crude prices and analyst comment, paragraphs 5-8) By Liz Moyer Fitrex — Stockpiles of U.S. crude oil unexpectedly rose last week, snapping eight previous weeks of drawdowns, the Energy Information Administration said on Wednesday. showed a build of 2.108 million barrels last week, compared with analysts’ expectations for a draw of 4.466 million barrels. stockpiles, …

U.S. Crude Oil Stockpiles up Unexpectedly, First Time in 9 Weeks By Fitrex Read More »

UBS books 63% profit surge for Q2 amid wealth management boom By Fitrex

By Brenna Hughes Neghaiwi ZURICH (Fitrex) -UBS on Tuesday posted a 63% jump in second-quarter net profit, easily beating expectations as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich. The Swiss bank’s net profit of $2.91 billion far outpaced expectations for $1.34 billion in …

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COVID-19 surge sparks bond rally, stocks on worst run in 18 months By Fitrex

By Marc Jones LONDON (Fitrex) – Risk-aversion ruled on Monday as a surge in worldwide coronavirus cases sank bond yields and left stocks facing their longest losing streak since the pandemic first hit global markets 18 months ago. Europe’s slid over 2% in its worst session in seven months; London’s fell a similar amount to …

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Oil falls more than $2 after OPEC+ producers agree to raise output By Fitrex

By Noah Browning LONDON (Fitrex) – Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries. was down $2.54, or 3.4%, at $71.05 a barrel by 1235 GMT. U.S. oil was down $2.64, or 3.6%, at …

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Telstra in talks to buy Digicel Pacific in Australian govt-backed bid By Fitrex

By Colin Packham and Paulina Duran CANBERRA (Fitrex) -Telstra Corp Ltd said on Monday it was in talks to buy the Pacific operations of telecommunications firm Digicel Group in partnership with the Australian government, a move widely viewed as a political block to China’s influence in the region. Telstra (OTC:) said the government would finance …

Telstra in talks to buy Digicel Pacific in Australian govt-backed bid By Fitrex Read More »