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Forex
EUR/USD is holding steady around 1.03 – Danske Bank
EUR/USD has dropped toward 1.03 following another tariff headline over the weekend, with Trump announcing that he will impose 25% tariffs on US imports of steel and aluminum - primarily impacting Canada, Mexico, Brazil, and China, Danske Bank's FX analysts report.
Fxstreet
Tue, Feb 11
Stocks
CORRECTED-BUZZ-'On the cusp of accelerating', Jefferies raises EssilorLuxottica to 'buy'
Correct company name throughout** Jefferies upgrades EssilorLuxottica ESLX.PA to "buy" from "hold," seeing the Franco-Italian eyewear maker's earnings on the cusp of accelerating thanks to its new growth drivers in AI and medical technology** The broker notes lucrative partnershi...Reuters
Tue, Feb 11
Other
US jury awards $500 million to Danish tax authority in fraud case
Adds Danish taxation minister in paragraphs 3-4By Jonathan Stempel NEW YORK, Feb 11 (Reuters) - A Manhattan federal jury awarded Denmark's tax authority $500 million on Monday, in the first U.S. civil trial concerning the country's effort to recoup $2.1 billion of tax refunds it claims we...Reuters
Tue, Feb 11
Economic Indicator
Chinese car sales in January fall 12% from a year earlier
BEIJING, Feb 11 (Reuters) - China's car sales fell 12% in January from a year earlier to 1.81 million units, data from the China Passenger Car Association (CPCA) showed on Tuesday, as automakers brace for intensified competition in the world's largest auto market.Sales of electric vehicles a...Reuters
Tue, Feb 11
Commodities
METALS-London aluminium steadies at three-month high amid US tariff worries
Updates prices as of 0751 GMT SHANGHAI, Feb 11 (Reuters) - London aluminium traded in a tight range near a three-week high on Tuesday as investors weighed the risk of a major global trade war after U.S. President Donald Trump imposed fresh tariffs on all steel and aluminium imports.Three-month al...Reuters
Tue, Feb 11
Forex
Pound Sterling faces pressure as BoE Mann guides dovish monetary policy outlook
The Pound Sterling is under pressure on Tuesday as BoE official Catherine Mann is concerned over weak demand and guides cracks in the labor market. US President Trump imposes 25% tariffs on steel and aluminum and is poised to announce reciprocal tariffs. Investors await BoE Bailey and Fed Powell’s s
Fxstreet
Tue, Feb 11
Cryptocurrencies
Cardano Breaking Barriers: ADA Aims For $0.8119 As Confidence Grows
Cardano is showing renewed strength as bullish momentum builds, driving ADA closer to the $0.8119 resistance level. After steady accumulation, buyers are beginning to take control, pushing the price higher and reinforcing optimism in the market. This growing confidence suggests that ADA could be on ...NewsBTC
Tue, Feb 11
Commodities
FACTBOX-Where does the US get its steel and aluminum from?
Updates with imposition of the tariffs Feb 11 (Reuters) - U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid the struggling industries in the United States but wh...Reuters
Tue, Feb 11
Other
UK fibre company CityFibre delivers first year of profitability
LONDON, Feb 11 (Reuters) - British fibre broadband company CityFibre reported its first full year of profit in 2024 as connected customers on its network passed 500,000, a total that is set to jump this year when major provider Sky joins its platform.The company, backed by Antin Infrastructure Partn...Reuters
Tue, Feb 11
Forex
NZD/USD Price Forecast: Finds immediate barrier at nine-day EMA near 0.5650
NZD/USD tests the immediate resistance at a nine-day EMA of 0.5654. The 14-day RSI is positioned below the 50 level, suggesting a bearish bias is active. A successful break below 0.5650 could lead the pair to approach the rectangle’s lower boundary at the 0.5550 level.
Fxstreet
Tue, Feb 11
Other
EU convenes trade ministers after Trump tariffs, say diplomats
BRUSSELS, Feb 11 (Reuters) - European Union trade ministers will hold an unscheduled video conference on Wednesday to discuss the bloc's response to impending U.S. steel and aluminium tariffs, EU diplomats said on Tuesday.U.S. President Donald Trump signed proclamations late on Monday to raise t...Reuters
Tue, Feb 11
Economic Indicator
DP World CEO: Trump expects other markets to be open if US is
Adds background from paragraph 3 onwards DUBAI, Feb 11 (Reuters) - Dubai-owned ports and logistics company DP World's CEO Sultan Ahmed bin Sulayem said on Tuesday U.S. President Donald Trump expects other markets to be open if the United States is.Trump is looking for fair trade, not free tra...Reuters
Tue, Feb 11
Stocks
LIVE MARKETS-Before the bell: Europe steady at peaks, UniCredit beats
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comBEFORE THE BELL: EUROPE STEADY AT PEAKS, UNICREDIT BEATSEuropean shares were set to steady on Tuesday, one day after scaling fresh peak...Reuters
Tue, Feb 11
Stocks
South African rand softer, markets focus on Trump steel tariff impact
JOHANNESBURG, Feb 11 (Reuters) - South Africa's rand weakened early on Tuesday as traders gauged the effects of U.S. President Donald Trump's tariffs on steel and aluminium imports, which risk sparking a multi-front trade war.At 0727 GMT, the rand traded at 18.4725 against the U.S. dollar ZA...Reuters
Tue, Feb 11
Cryptocurrencies
Liberland’s LLD token surges as the world’s first decentralized autonomous government gains traction
In this post: Liberland’s official cryptocurrency, the Liberland Dollar (LLD), has surged in price to an all-time high of $26.82 in the last 2 hours. The rise in the country’s official digital asset reflects growing investor confidence in Liberland’s new governance model powered by blockchain technology. The self-proclaimed microstate between Croatia and Serbia is also […]Cryptopolitan
Tue, Feb 11
Stocks
KFC India operator posts quarterly profit drop on soaring costs
Feb 11 (Reuters) - Devyani International DEVY.NS, which operates KFC and Pizza Hut restaurants in India, reported a lower pre-tax profit on Tuesday, hurt by soaring costs due to rapid store expansion, pushing its shares down by nearly 4%.The company's consolidated profit before tax fell 12% ...Reuters
Tue, Feb 11
Other
Church of England due to begin overhaul of safeguarding system
Church due to debate independent safeguarding plansBishop says radical steps are necessaryChurch still reeling from Justin Welby's exit in NovemberBy Muvija M LONDON, Feb 11 (Reuters) - The Church of England on Tuesday will take the first step towards overhauling its safeguarding system to ma...Reuters
Tue, Feb 11
