The Australian Dollar rebounded sharply last week after Chinese authorities’ pledge to support the economy boosted market sentiment. A robust Australian jobs report also lifted the commodity currency. more...
In trading on Friday, shares of Microsoft crossed above their 200 day moving average of $300.84, changing hands as high as $301.00 per share. more...
The era of cheap money in the US is over after the Fed kickstarted its widely anticipated monetary tightening program by raising interest rates by 25bps this week. And there is a lot more to come. more...
Inflation data next week is expected to beat estimates again and UK finance minister Sunak contemplates billions more in spending to ease the cost-of-living squeeze more...
We think that Bristol Myers Squibb stock (NYSE: BMY) currently is a better pick compared to its industry peer Bio-Rad Laboratories stock (NYSE: BIO), a life sciences company, given its better growth prospects and comparatively lower valuation of 3.3x trailing revenues, compared to 5.7x for Bio-Rad.. more...
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