While Amazon is testing drone delivery, ocean freight, (and teleportation devices, ok we made that up), WalMart has decided to take a different approach to fulfilling its online orders… employees will deliver packages on their way home from work! As AP reports, in its latest effort to compete with online giant Amazon, Walmart is testing a delivery service…
Copper: China Downgrade Weighs On Red Metal, But Losses Recovered Mid-Week The red metal came under pressure initially this week, tracking movement in the broader commodities markets as traders reacted to Moody’s downgrading of China’s credit rating from A1 to Aa3. The downgrade, which marks the first lowering of China’s credit rating since 1989,…
Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar. The market was not able to break through the resistance in the $1271.50-$1269 area, and ultimately extended its losses after prices pierced…
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into. The sky is the limit, it…
Markit’s purchasing managers’ index for the construction sector was expected to show a small slide to 52.7 in May after 53.1 back in April. This is the second PMI after yesterday’s manufacturing one that came out at 56.7, within expectations. GBP/USD was trading around 1.2860 ahead of the publication. Resistance awaits at 1.29, followed by 1.2980 and…
Stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading in the green with stocks in the telecom sector and healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up 119 points (up 0.4%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading up by…
Stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading in the green with stocks in the telecom sector and healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up 119 points (up 0.4%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading up by…
