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06 May
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Asia shares, commodities firm on recovery bets; A$ hit by China move By Reuters

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By Hideyuki Sano TOKYO (Reuters) - Asian shares rose on Thursday and commodity prices held near multi-year highs as investors switched to cyclicals amid hopes of a strong economic recovery, while the Australian dollar fell after China said it would end economic dialogue with Canberra. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25%, and Japan's Nikkei jumped 1.8% as it reopened after a five-day holiday. Chinese shares, also resuming trade for the first time since last week, were mixed in early trade, with the Shanghai Composite up 0.45% and CSI300 down 0.2%. On...

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06 May
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Dollar holds near two-week high, U.S. jobs data eyed for Fed clues By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic, with traders weighing whether a lift in inflation may force the Fed's hand earlier than policymakers have so far suggested. The dollar index, which measures the U.S. currency against...

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06 May
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Liberty Global Earnings, Revenue beat in Q1 By Investing.com

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Liberty Global (NASDAQ:LBTYA) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Liberty Global announced earnings per share of $0.271 on revenue of $3.62B. Analysts polled by Investing.com anticipated EPS of $0.0875 on revenue of $3.59B. Liberty Global shares are up 10% from the beginning of the year and are trading at $26.87 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.39% from the start of the year. Liberty Global follows other major Services sector earnings this month Liberty Global's report follows an earnings beat...

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06 May
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Hunt for yield to keep dollar weak for at least three months: Reuters poll By Reuters

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By Hari Kishan BENGALURU (Reuters) - The dollar's weakness will continue for at least another three months, according to a Reuters poll of foreign exchange strategists, a majority of whom said a hunt for yield would dictate moves in currency markets in the near term. After gaining nearly 4% in the first quarter, marking its best start in years, the dollar index - measured against a basket of six major currencies - fell more than 2% in April, its weakest performance in four months. Despite the greenback's rebound in recent trading sessions, partly sparked by comments...

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06 May
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Uber Outlook, Moderna Profit, Jobless Claims: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- Stocks rose on Wednesday as investors looked to what is expected to be a strong April jobs report on Friday, an indication the economy continues to roar back. Strong economic data and earnings last week pushed markets to records, but they have waffled around in the last couple of days. Treasury Secretary Janet Yellen tossed a wet towel of uncertainty on the situation Tuesday by first suggesting rates might have to rise to prevent the economy from overheating and then trying to walk those words back.  Tech stocks sold off in...

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06 May
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Bank of England to say UK recovery is accelerating By Reuters

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By William Schomberg LONDON (Reuters) - The Bank of England will say on Thursday that Britain's economy is heading for a much stronger recovery this year than it previously expected and it might start to slow its pandemic emergency support. The BoE forecast in February that the world's fifth-biggest economy would grow by 5% in 2021, having slumped by 10% in 2020. That was a bigger hit than in most other European economies after Prime Minister Boris Johnson was slower to impose a coronavirus lockdown and had to keep it in place for longer in an...

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06 May
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Cognizant A Earnings, Revenue beat in Q1 By Investing.com

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Cognizant (NASDAQ:CTSH) A reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cognizant A announced earnings per share of $0.97 on revenue of $4.40B. Analysts polled by Investing.com anticipated EPS of $0.9402 on revenue of $4.36B. Cognizant A shares are down 0% from the beginning of the year and are trading at $81.44 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 4.77% from the start of the year. Cognizant A follows other major Technology sector earnings this month Cognizant A's report follows an earnings...

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06 May
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Uber Results Beat in Q1 as Delivery Shines, Ride Hailing Recovers By Investing.com

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By Yasin Ebrahim Uber (NYSE:UBER) reported Wednesday first-quarter results that beat analysts' forecasts, driven by a surge in growth in its delivery business and recovery in its ride hailing business. Uber Tech shares gained 0.47% in after-hours trade following the report. Uber Tech announced a loss per share of 6 cents on revenue of $2.90 billion. Analysts polled by Investing.com anticipated a loss of 56 cents a share on revenue of $3.26 billion. Gross bookings rose 24% to $19.5 billion, beating consensus estimates for $18.04 billion, with mobility down 38%, but delivery up 166%. "We outperformed...

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06 May
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KPMG UK staff to work in offices up to four days a fortnight from June By Reuters

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By Kanishka Singh (Reuters) - Accounting firm KPMG told its 16,000 UK staff on Wednesday that they will work in the office for up to four days in a fortnight starting next month under a hybrid working model drawn up after the recent decline in COVID-19 cases in the country. "As part of the firm's new hybrid way of working, from June onwards, the expectation will be that KPMG's people spend up to four days in the office spread over a fortnight, with the rest spent at home or at client sites," KPMG spokeswoman Zoe Sheppard said...

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06 May
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Uber Tech Earnings beat, Revenue misses In Q1 By Investing.com

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Uber (NYSE:UBER) Tech reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Uber Tech announced earnings per share of $-0.06 on revenue of $2.90B. Analysts polled by Investing.com anticipated EPS of $-0.5592 on revenue of $3.26B. Uber Tech shares are up 0.43% from the beginning of the year and are trading at $51.46 , down-from-52-week-high.They are broadly in line with the EUR/USD which is down 0% from the start of the year. Uber Tech shares gained 0.47% in after-hours trade the report. Uber Tech follows other...

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