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Euro jumps, Shares firm on French election relief

The Euro briefly vaulted to five-month peaks on Monday after the market’s favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini Futures for

French vote in focus

Sine earlier this week, the Dollar is holding above lows against its peers. The US currency is trading with a broadly defensive tone as economic data lowered outlook for interest rate hikes and the Beige Book showed the US economy expanded

Dollar weakness eases on Mnuchin comments

Yesterday, the Dollar fell to a five-month low against the Yen after soft US data hurt investor’s sentiment, already frayed by worries over rising tensions in North Korea, and fueling demand for the safe-haven Japanese currency. Data last Friday showed that

Dollar falls on Trump currency comments

Last week, the Dollar slumped broadly against its peers, after Donald Trump helped accelerate its recent decline by saying that the Dollar “is getting too strong” and that he would prefer the Federal Reserve to keep interest rates low. Trump’s comments

United Airlines faces rising pressure over hospitalized customer

On Tuesday, United Airlines and its CEO faced mounting pressures from a worldwide backlash over its treatment of a passenger who was dragged from his seat on a plane last Sunday to make room for four employees on the overbooked flight.

Safe haven assets jump on geopolitical uncertainties

Last Friday, the US Dollar rose against its major peers with gains limited as investors had already been on edge as Trump met Chinese leader Xi Jinping for talks in a two-day summit over flashpoints about North Korea and China’s huge

Safe-haven assets jump as U.S. missiles strike Syria

Today, the safe-haven Bonds and the Yen jumped in Asia as Stocks slipped after the United States launched cruise missiles against an air base in Syria, raising the risk of confrontation with Syrian backers Russia and Iran. The U.S. Dollar dropped

Apple aims for more control, less cost as it accelerates in chip design

Apple Inc.’s decision to stop licensing graphics chips from Imagination Technologies Group Plc. is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins

Tesla delivers a record of 25,000 vehicles in Q1

On Sunday, Tesla Inc. the US luxury electric car maker, said first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total

Euro dives as Markets over-interpreted ECB message

On Thursday, the Euro dipped to $1.0741 in early sessions having drifted down from a 4-1/2-month high of $1.0906, as the European Central Bank (ECB) showed no sign of stepping away from monetary easing anytime soon. A report by Thomson Reuters