F1: Ferrari (NYSE:RACE) at Monte Carlo Update

0

$RACE For Ferrari (NYSE:RACE), the Monaco Grand Prix is a Key opportunity to get back into the F1 championship race. Now, after 5 races and no wins for either Sebastian Vettel or Charles Leclerc, Ferrari's hopes of ending the dominance of MercedesAMG are look a bit obscure. Mr. Vettel, a 4X F1 champion, was in contention for the past 2 seasons only...

POS MALAYSIA BHD (PSHL:KL) registers biggest-ever net loss

0

POS MALAYSIA BHD (PSHL:KL) registers biggest-ever net loss Pos Malaysia Bhd recorded a net loss of RM165.7mil for the financial year ended March 31, 2019 – its biggest-ever loss for a full year. The group had reported a net profit of RM93.25mil during the preceding year. Pos Malaysia said the net loss was attributed mainly to widening losses from mail and impairment...

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences

0

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences Gold prices struggled to for direction, trading inversely of seesaw swings in the US Dollar. It succumbed to cross-currents from a jump in the GBP/USD exchange rate after UK Prime Minister Theresa May floated the possibility of a second Brexit referendum. The move promptly fizzled however, with a rebound in the benchmark currency cooling...

Hong Kong: HANG SENG INDEX (.HSI) trade tensions continued to linger

0

Hong Kong: HANG SENG INDEX (.HSI) trade tensions continued to linger Markets in Asia were mixed on Wednesday as trade tensions continued to linger between the U.S. and China. Shares in mainland China edged down on the day, with the Shanghai composite declining 0.49% to 2,891.70 and the Shenzhen component lower by 0.51% to 9,041.22. The Shenzhen composite fell 0.506% to...

Shanghai: SSE Composite Index (.SSEC) trade worries intensify

0

Shanghai: SSE Composite Index (.SSEC) trade worries intensify China’s major stock indexes fell on Wednesday, as trade worries intensified following a report that the United States could blacklist another Chinese tech firm after banning Huawei Technologies last week. The blue-chip CSI300 index fell 0.5%, to 3,649.38, while the Shanghai Composite Index also ended down 0.5% at 2,891.70. The U.S. administration is considering...

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting

0

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. This marked a 5-month...

Singapore: STI Index (.STI) Trump weighs blacklisting more Chinese technology companies

0

Singapore: STI Index (.STI) Trump weighs blacklisting more Chinese technology companies Overall, the bias in prices is: Downwards. The projected upper bound is: 3,248.77. The projected lower bound is: 3,117.18. The projected closing price is: 3,182.97. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles and 4 black candles...

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

0

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower AUD/USD has posted small losses on Wednesday. Currently, the pair is trading at 0.6875, down 0.12% on the day. On the release front, Australian indicators pointed lower. The MI Leading Index dropped 0.1%, while the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% gain. This was a third straight...

British Pound: USD/GBP (GBP=X) trading lower in mid-week trade amidst speculation Prime Minister Theresa May could be forced out of office over coming days

0

British Pound: USD/GBP (GBP=X) trading lower in mid-week trade amidst speculation Prime Minister Theresa May could be forced out of office over coming days The Pound is trading lower in mid-week trade amidst speculation Prime Minister Theresa May could be forced out of office over coming days. Reports suggest senior Cabinet ministers are looking to call on the Prime Minister to...

Australia: S&P/ASX 200 (.AXJO) relief rally and rotation in equities sparked by the election outcome was given a further boost

0

Australia: S&P/ASX 200 (.AXJO) relief rally and rotation in equities sparked by the election outcome was given a further boost Australian shares closed higher for a sixth straight session on Wednesday, as the market rebounded from a loss during morning trade for the second time in as many days and extended its 11-year high. The S&P/ASX 200 Index added 10.6...