Levi Strauss forecast disappoints as virus resurgence shutters stores

© Reuters. The Levi Strauss & Co. logo is seen on display ahead of IPO on floor of New York Stock Exchange (NYSE) in New York (Reuters) – Levi Strauss & Co (NYSE:) on Wednesday forecast first-quarter results below analysts’ estimates as the resurgence of COVID-19 shutters the denim maker’s stores in major markets, sending […]

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Forexlive Americas FX news wrap: US NFP disappoints, but don’t tell the stocks/yields

Forex news for North American trading on December 4, 2020 In most years, if a US jobs report can in worse than expectations by 215K jobs, you might expects stocks to move lower, yields to move lower. the USD to move lower.   Today, NFP came in at 245K vs 460K estimate and stocks rallied and […]

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Mall owner Simon Property profit disappoints as pandemic cuts shopping days

© Reuters. Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia (Reuters) – Simon Property Group Inc (N:) missed Wall Street estimates for quarterly profit on Monday, hurt by unpaid rent from retailers across its U.S. malls who […]

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AUD: Labour Market Data Disappoints in May, Raising Odds for Extended Reversal

Unlike in the US, Australian labor market, to the surprise of many, not even failed to rebound in May, but continued to deteriorate, putting pressure on the RBA to hint about fresh easing measures. The number of jobs in the economy declined by 227 thousand, with expectations of approximately half less (-125K). The size of […]

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USD is a Safe Heaven Again as China Disappoints Markets

USD finished this trading week on a high note as investors were forced to reassess the significance of safe-heaven factor in the US currency as concerns over China growth outlook, confrontation with the US and second possible Covid-19 outbreak continue to mount. The dollar was offered support on Thursday on the news that China plans […]

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