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FOREX-Dollar buoyed by US-UK trade deal
Trump announces US-UK trade dealBoE cuts interest ratesMarkets eyeing U.S.-China trade talksDollar clings to gains from Fed rate decisionBy Chibuike Oguh NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of ...Reuters
Thu, May 8
Technical Analysis
USD/CHF rises as US trade optimism fades and Swiss Franc weakens on risk sentiment
The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment.
Fxstreet
Thu, May 8
Commodities
Europe Gasoline/Naphtha-Gasoline margins fall on higher ARA stocks
LONDON, May 8 (Reuters) - Northwest European gasoline profit margins fell by about $1.60 to $15.42 a barrel on Thursday, as inventories in the ARA trading and refining hub rose by 7% to their highest in three weeks.A total of 1,400 metric tons of Eurobob E10 barges traded in the Argus window on Thur...Reuters
Thu, May 8
Stocks
Cenovus Energy gains after quarterly profit beat
** Shares of Canadian oil and gas producer Cenovus Energy CVE.TO rise 8.8% to C$17.74** Company beats Q1 profit estimates on the back of higher output and improved refining margins** CVE reports Q1 adj. profit of C$0.47 ($0.3377) per share, vs estimates of C$0.37 per share, according to data compile...Reuters
Thu, May 8
Stocks
BofA downgrades ADM to 'underperform', cuts PT post Q1 results
** BofA Global Research downgrades rating on global grain trader Archer-Daniels-Midland ADM.N to "underperform" from "neutral", cuts price target to $45 from $47** New price target represents a 6% downside to the stock's last close** Brokerage lowers ADM rating on a worse-than-ex...Reuters
Thu, May 8
Commodities
US Cash Grains-Spot corn basis steady-higher at ethanol plants, soy crusher bids steady-firm
CHICAGO, May 8 (Reuters) - Spot basis bids for corn were steady to higher at U.S. Midwest ethanol plants on Thursday and mostly unchanged at interior and river elevators and at other processors, grain merchants said.Spot soybean basis bids were mostly steady to firmer at crush plants, flat to lower ...Reuters
Thu, May 8
Other
Rubio urges de-escalation in calls with Indian foreign minister and Pakistan PM Sharif
May 8 (Reuters) - Secretary of State Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with Indian External Affairs Minister Subrahmanyam Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, U.S. State Department spokesperson Tammy Bruce said ...Reuters
Thu, May 8
Other
EXCLUSIVE-U.S. Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
WASHINGTON, May 8 (Reuters) - A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board."We understand...Reuters
Thu, May 8
Stocks
ANALYSIS-Scarred UK assets soothed by US trade pact, BoE rate cuts
UK-US strike first deal to cut Trump tariffsSet of 'marginal' gains combine to lift UK appeal - investors UK expected to attract funds seeping out of the U.S. By Naomi Rovnick LONDON, May 8 (Reuters) - Investors are betting on long-depressed UK markets as a U.S. trade deal, rate cuts and...Reuters
Thu, May 8
Other
India's Biocon posts higher quarterly profit on boost from generics, biosimilar business
BENGALURU/HYDERABAD May 8 (Reuters) - Indian biopharma firm Biocon's BION.NS profit more than doubled in the fourth quarter, led by strong demand for its generics and biosimilar drugs in its key U.S. and European markets.The company's consolidated net profit climbed 153% to 3.45 billion rupe...Reuters
Thu, May 8
Other
FDA Grants Accelerated Approval To Combination Of Avutometinib And Defactinib For Kras-Mutated Recurrent Low-Grade Serous Ovarian Cancer
May 8 (Reuters) - FDA:FDA GRANTS ACCELERATED APPROVAL TO COMBINATION OF AVUTOMETINIB AND DEFACTINIB FOR KRAS-MUTATED RECURRENT LOW-GRADE SEROUS OVARIAN CANCERReuters
Thu, May 8
Stocks
Paycom Software rises after quarterly results beat
** Shares of payroll processor Paycom Software PAYC.N rise as much as 9.2% to over-a-year high of $250.55 in afternoon trading** PAYC late on Wednesday reported quarterly revenue of $530.5 million, surpassing analysts' estimate $525 million, according to data compiled by LSEG** Company's Q1 ...Reuters
Thu, May 8
Stocks
Why BlackSky Stock Is Rocketing Higher Today
Satellite-imagery specialist BlackSky Technology (NYSE: BKSY) reported better-than-expected quarterly results and kept its full-year guidance intact. Investors are relieved, sending the company's stock up 25%, as of 11:30 a.m. ET.A growing backlog of future businessBlackSky provides high-resolution ...The Motley Fool
Thu, May 8
Other
Villagers evacuated from line of fire along India's border with Pakistan
By Aftab Ahmed JAMMU, India, May 8 (Reuters) - Kalia Devi was among hundreds of fearful civilians evacuated before dawn from the line of fire along India's northwestern border with Pakistan as clashes between the two nuclear-armed arch-rivals intensified.India says at least 13 of its civilian...Reuters
Thu, May 8
Stocks
LIVE MARKETS-A reliable buyer when stocks wobble? Companies
Main US indexes all up >1% after Trump announces UK trade dealEnergy leads S&P 500 sector gainers; Healthcare sole loserEuro STOXX 600 index up ~0.4%Dollar advances; crude up ~3%; bitcoin up >4%; gold down >1%US 10-Year Treasury yield rises to ~4.34%Welcome to the home for real-time cov...Reuters
Thu, May 8
Other
White smoke billows from Sistine Chapel, signalling new pope elected
VATICAN CITY, May 8 (Reuters) - White smoke appeared from a chimney atop the Sistine Chapel at the Vatican on Thursday, signalling that the 133 Roman Catholic cardinals meeting in a secret conclave have elected a new pope.Reuters
Thu, May 8
Commodities
UK farmers' union concerned two sectors will shoulder 'burden' after US trade deal
LONDON, May 8 (Reuters) - The British farmers' trade union said on Thursday it was concerned that two agricultural sectors would shoulder "the burden" of U.S. tariff removals for other industries in the U.S.-British trade deal."Our biggest concern is that two agricultural sectors hav...Reuters
Thu, May 8
Stocks
Crocs rises on Q1 results beat
** Shares of footwear maker Crocs CROX.O rise 9.7% to $110.49** Co posts Q1 revenue of $937 million, surpassing analysts' average estimate of $907.9 million, according to data compiled by LSEG** Co reports Q1 adj. profit of $3/share vs analysts' est of $2.48/share** Including session's m...Reuters
Thu, May 8
Stocks
Insmed Inc reports results for the quarter ended March 31 - Earnings Summary
Insmed Inc INSM.OQ reported a quarterly adjusted loss of $1.42 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $-1.06. The mean expectation of fifteen analysts for the quarter was for a loss of $1.33 per share. Wall Street expected...Reuters
Thu, May 8
