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The prices of most precious metals grew on Friday, with gold soaring over 1%, driven by expectations that the US Federal Reserve is moving towards cutting interest rates. This increase in demand for the yellow metal can also be attributed to traders evaluating the escalating turmoil in the Middle East, which appears to be driving investors to seek safety in more secure assets.

US producer prices were unchanged in September and month-on-month inflation rose more than forecast, pointing to a still-favorable inflation outlook and supporting expectations of a Fed rate cut next month.

Gold jumped 1.06% at 11:27 am ET, going for $2,657.93. At the same time, silver advanced by 1.16%, selling at $31.53. At 11:28 am ET, platinum gained 1.09%, going for $982.69, while palladium lost 0.33%, trading at $1,052.33.

Baha Breaking News (BBN) / RR

Gold currently $2659.23

Sessions high $2661.46

Major stock indexes in Europe traded __ during premarket hours on Friday, with all eyes on the final report on German September's inflation. Additionally, market participants awaited fresh data on the United Kingdom's gross domestic product, industrial production, and foreign trade.

The DAX added 0.12%, and the FTSE 100 dropped by 0.09% at 8:00 am CET. At the same time, the CAC 40 improved by 0.23%, while the Euro Stoxx 50 climbed by 0.19%.

The euro traded flat against the dollar, selling for $1.09342 at 7:58 am CET. Simultaneously, the pound lost 0.07% compared to the greenback to go for $1.30495.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend

*🦂🦂🦂🦂🦂

Major stock indexes in Europe traded __ during premarket hours on Friday, with all eyes on the final report on German September's inflation. Additionally, market participants awaited fresh data on the United Kingdom's gross domestic product, industrial production, and foreign trade.

The DAX added 0.12%, and the FTSE 100 dropped by 0.09% at 8:00 am CET. At the same time, the CAC 40 improved by 0.23%, while the Euro Stoxx 50 climbed by 0.19%.

The euro traded flat against the dollar, selling for $1.09342 at 7:58 am CET. Simultaneously, the pound lost 0.07% compared to the greenback to go for $1.30495.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend

Gold currently $2644.28

Major European stock exchanges traded mixed in the premarket on Thursday as investors braced for the September consumer inflation report coming from the world's strongest economy, the United States.

The DAX added 0.23% at 8:00 am CET. Concurrently, the Euro Stoxx 50 and the CAC 40 were both flat and the FTSE 100 edged down 0.06%.

The euro and the pound both traded flat against the dollar at 7:59 am CET, selling at 1.09395 and 1.30720 respectively.

Baha Breaking News (BBN) / AY

Major European stock exchanges traded mixed in the premarket on Thursday as investors braced for the September consumer inflation report coming from the world's strongest economy, the United States.

The DAX added 0.23% at 8:00 am CET. Concurrently, the Euro Stoxx 50 and the CAC 40 were both flat and the FTSE 100 edged down 0.06%.

The euro and the pound both traded flat against the dollar at 7:59 am CET, selling at 1.09395 and 1.30720 respectively.

Baha Breaking News (BBN) / AY

Gold currently $2613.69

Major stock indexes in Europe traded _mixed during premarket hours on Wednesday as investors assessed the fresh report on German foreign trade. Additionally, global attention turned to rising tensions in the Middle East as an Israeli retaliatory strike on Iran seems imminent.

The DAX gained 0.12% at 8:00 am CET, and the FTSE 100 was flat. At the same time, the CAC improved by 0.08%, while the Euro Stoxx 50 was flat.

The euro went down by 0.06% compared to the dollar, selling for $1.09728 Simultaneously, the pound lost 0.10% against the greenback to go for $1.30925.

Baha Breaking News (BBN) / JJ

Happy hump y’al 🐫

Major stock indexes in Europe traded _mixed during premarket hours on Wednesday as investors assessed the fresh report on German foreign trade. Additionally, global attention turned to rising tensions in the Middle East as an Israeli retaliatory strike on Iran seems imminent.

The DAX gained 0.12% at 8:00 am CET, and the FTSE 100 was flat. At the same time, the CAC improved by 0.08%, while the Euro Stoxx 50 was flat.

The euro went down by 0.06% compared to the dollar, selling for $1.09728 Simultaneously, the pound lost 0.10% against the greenback to go for $1.30925.

Baha Breaking News (BBN) / JJ

Happy hump y’al 🐫

Gold currently $2618.48

Major European stock indexes traded with losses during premarket hours on Tuesday as investors awaited the fresh report on German industrial production. Additionally, market participants closely monitored the recent developments in the Middle East conflict and its possible impact on the global economy.

The DAX fell by 0.30% at 8:00 am CET, and the FTSE 100 dropped by 0.49%. At the same time, the Euro Stoxx 50 dipped 1.03%. The CAC 40 lost 0.80% at 8:02 am CET.

The euro was up by 0.07% compared to the dollar, going for $1.09822 at 7:58 am CET. Simultaneously, the pound traded flat against the greenback to sell at $1.30902.

Baha Breaking News (BBN) / JJ

Major European stock indexes traded with losses during premarket hours on Tuesday as investors awaited the fresh report on German industrial production. Additionally, market participants closely monitored the recent developments in the Middle East conflict and its possible impact on the global economy.

The DAX fell by 0.30% at 8:00 am CET, and the FTSE 100 dropped by 0.49%. At the same time, the Euro Stoxx 50 dipped 1.03%. The CAC 40 lost 0.80% at 8:02 am CET.

The euro was up by 0.07% compared to the dollar, going for $1.09822 at 7:58 am CET. Simultaneously, the pound traded flat against the greenback to sell at $1.30902.

Baha Breaking News (BBN) / JJ

Gold currently $2645.94

Major stock indexes in Europe registered mostly gains in the premarket on Monday as investors braced for a slew of new economic releases. On the agenda today are the United Kingdom's house prices, German factory orders, and the euro area investor confidence.

The DAX was flat at 8:03 am CET. At the same time, the Euro Stoxx 50 rose 0.30%, the CAC 40 increased 0.25% and the FTSE 100 added 0.37%.

The euro traded 0.06% below the dollar at 7:59 am CET, changing hands for 1.09696. Simultaneously, the pound lost 0.12% against the greenback, going for 1.31077.

Baha Breaking News (BBN) / AY

Happy Monday y’al

Gold currently $2640.69

Major stock indexes in Europe registered mostly gains in the premarket on Monday as investors braced for a slew of new economic releases. On the agenda today are the United Kingdom's house prices, German factory orders, and the euro area investor confidence.

The DAX was flat at 8:03 am CET. At the same time, the Euro Stoxx 50 rose 0.30%, the CAC 40 increased 0.25% and the FTSE 100 added 0.37%.

The euro traded 0.06% below the dollar at 7:59 am CET, changing hands for 1.09696. Simultaneously, the pound lost 0.12% against the greenback, going for 1.31077.

Baha Breaking News (BBN) / AY

Happy Monday y’al

Major European markets were flat to higher in Friday's premarket trading as investors continued to focus on the conflict in the Middle East and awaited the September jobs report from the United States.

The Euro Stoxx 50 rose 0.22%, the DAX added 0.10%, the CAC 40 was up 0.09% and the FTSE 100 was flat at 8:00 am CET.

The euro was flat against the dollar, going for 1.10343 at 7:55 am CET and the pound gained 0.13% compared to the greenback to sell for 1.31407 at 7:56 am CET.

Baha Breaking News (BBN) / NP

Happy Friday y’al

Enjoy your weekend

Major European markets were flat to higher in Friday's premarket trading as investors continued to focus on the conflict in the Middle East and awaited the September jobs report from the United States.

The Euro Stoxx 50 rose 0.22%, the DAX added 0.10%, the CAC 40 was up 0.09% and the FTSE 100 was flat at 8:00 am CET.

The euro was flat against the dollar, going for 1.10343 at 7:55 am CET and the pound gained 0.13% compared to the greenback to sell for 1.31407 at 7:56 am CET.

Baha Breaking News (BBN) / NP

Happy Friday y’al

Enjoy your weekend

Gold currently $2667.46

🤷‍♂️

Gold currently $2650.49

🤷‍♂️

European stock futures traded mostly lower on Wednesday following Iran's attack on Israel and the geopolitical tensions that may result from that event.

Commenting on the incident, Israeli Prime Minister Benjamin Netanyahu stated that Tehran made a big mistake, and the country is expected to respond to Iran.

The DAX lost 0.08% at 8:00 am CET, the CAC 40 fell 0.09%, and the FTSE 100 was flat. At the same time the Eurostoxx 50 decreased by 0.08%.

At 7:59 am CET, the euro was flat against the dollar, selling for $1.10630. In comparison, the pound lost 0.10% to go for $1.32707 at the same time.\

Baha Breaking News (BBN) / JG

Happy hump y’al 🐫

European stock futures traded mostly lower on Wednesday following Iran's attack on Israel and the geopolitical tensions that may result from that event.

Commenting on the incident, Israeli Prime Minister Benjamin Netanyahu stated that Tehran made a big mistake, and the country is expected to respond to Iran.

The DAX lost 0.08% at 8:00 am CET, the CAC 40 fell 0.09%, and the FTSE 100 was flat. At the same time the Eurostoxx 50 decreased by 0.08%.

At 7:59 am CET, the euro was flat against the dollar, selling for $1.10630. In comparison, the pound lost 0.10% to go for $1.32707 at the same time.\

Baha Breaking News (BBN) / JG

Happy hump y’al 🐫

Gold currently $2647.72

Tue, 01st Oct 2024 08:41

(Sharecast News) - Berenberg has hiked its target price for fast fashion retailer Asos by more than a fifth, saying the ecommerce group has the time and scope for a successful turnaround.

The broker reiterated a 'buy' rating, lifting its target for the shares from 490p to 600p.

"A reinforced balance sheet offers management time to continue its product and execution turnaround plan," said analyst Anne Critchlow.

"This strategy is already beginning to bring stability with a lowered and refreshed inventory position on the wholesale side and an improved cost-to-sales ratio, even in the face of top-line pressure."

The analyst pointed out that Asos's recent debt restructuring and the partial sales the Topshop brand asset into a joint venture structure have reduced net debt by around £150m, and the company should have ended the financial year to 31 August with net debt of £312m, down from £320m last year.

Meanwhile, Critchlow highlighted Asos's speed-to-market 'Test and React' sourcing model, which pushes for quicker development of garments, as an "exciting" part of its turnaround plan: "'Test and React' has now reached 10% of ASOS's own-label sales and has enjoyed a minimal mark-down experience due to 'on the money', short-lead-time sourcing for this product."

The broker has hiked its EBITDA estimate for the year just gone to £80m, up from an earlier prediction of £38m and above the top end of company-compiled consensus.

Asos shares were up 0.2% at 429.5p by 1102 BST.

Southcoastbantter I hope you don’t mind me taking the liberty…

*c&p from the ASOS board

“BerenbergToday 09:22

HAMBURG (dpa-AFX Analyser) - The private bank Berenberg has raised the price target for Asos from 490 to 600 pence and left the rating at "Buy". The newly responsible analyst Anne Critchlow is counting on a successful turnaround of the British online retailer in her report published on Tuesday.”

The prices of precious metals rose on Tuesday with gold soaring more than 1% and mostly erasing yesterday's losses, as the growing chaos in the Middle East seemingly pushed investors toward safe havens.

A day earlier, Israel announced it would be conducting "limited" ground operations in Lebanon, after killing Hezbollah chief Hassan Nasrallah. Israel's previous strikes on Beirut triggered angry reactions across the region, with media reports saying that Iran could launch an attack against Israel soon.

Gold jumped 1.15% at 11:27 am ET, going for $2,664.59. At the same time, silver advanced by 1.32%, selling at $31.58. At 11:28 am ET, platinum gained 1.13%, going for $994.30, while palladium lost 0.53%, selling at $984.03.

Baha Breaking News (BBN) / AY

Gold currently $2666.50