Pinnacle Financial (PNFP) tops Q3 earnings and revenue estimates
Pinnacle Financial (PNFP) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2.05 per share.
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Big bank earnings reactions
The banks unofficially kicked off Q3 earnings season yesterday, and with investors already on edge amid elevated trade tensions, the reactions to these earnings were set up to be an important tell on near-term market direction. -
EUR/USD: Recent Euro Weakness Stalled at 1.1530 Key Medium-Term Support with a Minor “Double Bottom” Bullish Breakout
Key takeaways Euro weakness stabilizes: EUR/USD’s recent 3.25% drop from its September high has stalled at the key 1.1530 medium-term support level. French political uncertainty eases: The reappointment of Prime Minister Lecornu and reduced sovereign risk premiums have helped calm Eurozone markets. Technical setup remains bullish: Price action forms an “Ascending Triangle” pattern, signaling a […]
The post EUR/USD: Recent Euro Weakness Stalled at 1.1530 Key Medium-Term Support with a Minor “Double Bottom” Bullish Breakout appeared first on Action Forex.
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UK GDP expands 0.1% mom in August, growth patchy across sectors
The UK economy expanded modestly by 0.1% mom in August, in line with expectations, suggesting that activity remains subdued but stable. Industrial production rose 0.4% mom, helping to offset flat performance in the dominant services sector and a -0.3% mom contraction in construction. On a three-month basis, GDP grew 0.3% in the period to August […]
The post UK GDP expands 0.1% mom in August, growth patchy across sectors appeared first on Action Forex.
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USD/INR stabilizes as investors await India’s response on Russian oil purchase
The Indian Rupee (INR) struggles to extend its Wednesday’s strong recovery move against the US Dollar (USD) on Thursday. -
UK GDP rises 0.1% MoM in August, as expected
The UK economy grew in August, with the Gross Domestic Product (GDP) arriving at 0.1% following a contraction of 0.1% in July (revised from 0%), the latest data published by the Office for National Statistics (ONS) showed on Thursday. -
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.30 per barrel, down from Wednesday’s close at $58.33.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.18 after its previous daily close at $62.23. -
United Kingdom Total Trade Balance increased to £-3.386B in August from previous £-5.26B
United Kingdom Total Trade Balance increased to £-3.386B in August from previous £-5.26B -
United Kingdom Goods Trade Balance came in at £-21.183B, above expectations (£-22B) in August
United Kingdom Goods Trade Balance came in at £-21.183B, above expectations (£-22B) in August -
UK August monthly GDP +0.1% vs +0.1% m/m expected
- Prior 0.0%; revised to -0.1%
- Services output 0.0% vs +0.1% m/m expected
- Prior +0.1%; revised to 0.0%
- Industrial output +0.4% vs +0.1% m/m expected
- Prior -0.9%; revised to -0.4%
- Manufacturing output +0.7% vs +0.2% m/m expected
- Prior -1.3%; revised to -1.1%
- Construction output -0.3% vs 0.0% m/m expected
- Prior +0.2%; revised to 0.0%
This article was written by Justin Low at investinglive.com.
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