Upgrades of Asian corporate earnings at highest in five months – Refinitiv dataAnalysts in April hiked 12-month earnings estimates for Asian companies by the largest amount in five months, data showed, as manufacturing activity and demand for the region’s exports rose.

Analysts lifted forward 12-month earnings by 3.2% in April, the highest since…[Read more]

Week Ahead: Stocks To Continue Climbing On Ongoing Easing; USD At Crossroads

• Investors are back to cheering for a bad economy, as it enables additional stimulus
• Gold gains on dollar weakness, safe haven

The S&P 500 and Dow Jones Industrial Average hit new all-time highs on Friday, while the NASDAQ and Russell 2000 both pushed higher after the April…[Read more]

Fed Watch: Surprisingly Poor Jobs Report Doesn’t Dim Investor Inflation FearsIf Federal Reserve policymakers are sincere about wanting to achieve their stated goal of maximum employment, they’ll have to stop ignoring the economic realities before their eyes.

The April jobs report, which showed just a fraction of the job creation forecast, was a b…[Read more]

European Stocks Mixed; Miners Help FTSE 100 OutperformEuropean stock markets traded in a mixed fashion Monday, with the heavyweight miners helping the U.K. market outperform after Friday’s disappointing U.S. employment report kept the dollar weak and commodity prices strong.

At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.2% lower, the C…[Read more]

Dollar licks wounds after payrolls shock, focus turns to inflationThe dollar sank to a more than two-month low versus major peers on Monday after a disappointing U.S. employment report prompted investors to temper expectations for higher interest rates, with focus now shifting to inflation data this week.

The United States created a little more…[Read more]

Stocks cheer prospects for low rates, oil rides pipeline outage higherStocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose…[Read more]

European stocks hit fresh record high as miners rallyEuropean stocks extended a record-setting rally on Monday as optimism about the reopening of economies and easy monetary policy lifted cyclical sectors, including mining and financials.

The pan-European STOXX 600 index rose 0.1% to hit a fresh all-time high in early trading, with miners…[Read more]

Good morning community, have a great day 🌞

Sleep well cryptonauts 🌛

Good Night, Little Crypto Monsters, Sweet Dreams!🌕🌖🌗🌘🌑🌚

GBPUSD Price Retests $1.40 Level, Sellers May Take OverGBPUSD Price Analysis – May 08 Further increase in the Bulls’ momentum may break up the resistance level of $1.40 which may lead the price to $1.41 and $1.42. In case the resistance level at $1.40 is defended by the bears, GBPUSD price may decrease towards the $1.39, $1.38 and $1.37 lev…[Read more]

Did You Invest Your Stimulus $ Into Dogecoin? You’re Raking in Some Serious Profits By NowWell, there is good news and there is bad news. The good news is that there have been three instances of stimulus funds being doled out to needy Americans. Thus, if you were struggling due to the coronavirus pandemic, you likely got a little bit of u…[Read more]

Rari Capital falls victim to $11 million exploitAfter a $11 million attack earlier today, Rari Capital is the latest decentralized finance (DeFi) protocol to fall victim to a high-priced exploit

The platform, which builds optimized yield vaults and boutique lending pools, confirmed the attack in a Tweet and said that a full postmortem is forthcoming:

SEC’s Gary Gensler: Bitcoin’s Volatility Is Becoming a Huge ProblemGary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to…[Read more]

China to create ‘line of separation’ at Everest summit on COVID fearsBEIJING (Reuters) – China will set up “a line of separation” at the summit of Mount Everest to prevent the mingling of climbers from COVID-hit Nepal and those ascending from the Tibetan side as a precautionary measure, Chinese state media reported on Sunday.

Everest base camp on…[Read more]

Top 5 Things to Watch in Markets in the Week AheadInvestors will turn their attention to U.S. inflation figures in the coming week after Friday’s surprisingly disappointing April jobs report. Signs of rising inflation pressures could reignite the debate over how soon the Federal Reserve may begin to tighten monetary policy. Multiple Fed speakers a…[Read more]

Precious Metals & Energy – Weekly Review and Calendar Ahead“The only thing that should surprise us is that there are still some things that can surprise us,” celebrated French author and 17th century moralist Francois de la Rochefoucauld said. That gold and U.S. jobs numbers could still surprise us this week despite the expectations baked into the…[Read more]

Ericsson to launch subscription service for remote officeSweden’s Ericsson (BS:ERICAs) on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools.

The company, known for selling…[Read more]

Vietnam’s VinFast reports customer to police after ‘untrue’ YouTube complaintsHANOI (Reuters) – Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car.

Tran Van Hoang, a Vietnamese YouTuber with 455,000 followers, uploaded videos about his VinFast Lux A2.0 car…[Read more]