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Business news
Pound to Indian rupee (GBP/INR) is ripe for a breakout: is it a buy?
June 22, 2023 07:20 PM AEST| By InvezzThe GBP to INR exchange rate soared to the highest level since 2021 ahead of the upcoming interest rate decision by the Bank of England (BoE). The pair soared to a high of 105.22, meaning that sterling has jumped by over 22% from the lowest level in...
Bank of England – go big or go home
June 22, 2023 05:07 PM AEST| By InvezzLater today, the Bank of England will present its monetary policy decision. Following the inflation report released earlier in the week, the pressure mounts for the central bank to do more than the market expects. The consensus is that the Bank of En...
Should you buy or sell the Swedish krona as it drops to a record low against the euro?
June 21, 2023 11:29 PM AEST| By InvezzGiven the euro area’s challenges, the European common currency (EUR) is remarkably resilient. It trades at 1.09 against the US dollar and gains ground against other rival currencies. In some specific cases, the euro’s strength is even mor...
As the NatWest share price moves to a bear market, is it a buy?
June 21, 2023 09:58 PM AEST| By InvezzNatWest (LON: NWG) share price has been in a strong bearish trend in the past few months as concerns about the UK economy continued. The stock retreated to a low of 236.60p on Wednesday, the lowest level since November 2022. US government bond crisis...
UK inflation surprises to the upside, making it difficult for the BOE to set the right policy
June 21, 2023 05:50 PM AEST| By InvezzInflation remains the dominant theme in financial markets. Following the COVID-19 pandemic and the Russian invasion of Ukraine, the prices of goods and services spiraled worldwide. Europe, in particular, is affected the most. Both the euro area and t...
Frasers reveals sizable stakes in Currys and Boohoo Group
June 21, 2023 01:19 AM AEST| By InvezzFrasers Group PLC (LON: FRAS) is in focus today after the retailer revealed to have invested in Currys and Boohoo Group PLC (LON: BOO). Frasers buys 101 million shares of Currys On Tuesday, the British sports-fashion company announced an 8.9% stake i...
Lloyd share price: Avoid as a rare death cross pattern nears
June 21, 2023 01:15 AM AEST| By InvezzLloyds (LON: LLOY) share price has retreated in the past few weeks as concerns about the company continue. The stock dropped to a low of 44.82p, which is about 10% below the highest level in May, meaning it has moved into a correction phase. UK infla...
UK update: Interest & mortgage rates to rise further as inflation & wages remain hot
June 21, 2023 12:53 AM AEST| By InvezzSometimes I dream of a world where the word “inflation” appears in less than 98% of financial articles. Whether reading about macroeconomics, the stock market, obscure cryptocurrencies or house prices, it’s a good bet that the dirty...
Ocado share price is rising: Here’s why you should avoid it
June 20, 2023 07:15 PM AEST| By InvezzOcado (LON: OCDO) share price retreated by over 5% on Monday as concerns about the company’s investment in Karakuri continued. The stock retreated to a low of 433p on Monday although it remains about 27% above the lowest level this year. Karaku...
Nikkei 225 is on track to break above 40,000 points
June 20, 2023 07:04 PM AEST| By InvezzJapan is a country where monetary policy is taken to the extreme. Despite inflation rising in Japan, the Bank of Japan (BOJ) did not tighten the monetary policy as other central banks did. In fact, it did the opposite. Therefore, it is fair to say th...
Harbour Energy share price at risk amid new Keir Starmer threats
June 19, 2023 07:30 PM AEST| By InvezzHarbour Energy (LON: HBR) share price has drifted upwards in the past few days even as the outlook of the energy market recoiled. The stock was trading at 250p on Monday, higher than this month’s low of 218p. It remains about 23% below the high...
20 retail sales statistics: industry, e-commerce, public companies and more
June 17, 2023 05:40 AM AEST| By InvezzThe retail industry is a dynamic and ever-evolving sector that plays a crucial role in the global economy. Investors seeking to make informed decisions in this space can benefit from understanding key statistics that shed light on market trends, cons...
Should you buy Tesla stock after rallying over 137% YTD?
June 15, 2023 09:32 PM AEST| By InvezzTesla (NASDAQ:TSLA) is the largest electric vehicle manufacturer in the world. It is one of the biggest brands on earth, helped by its charismatic CEO, Elon Musk. Tesla’s stock price collapsed in 2022. After trading as high as $400/share at the start...
Wayfair stock analysis: encouraging tailwinds ahead
June 15, 2023 03:58 AM AEST| By InvezzWayfair (NYSE: W) stock price has been in a strong bullish trend in the past few weeks as investors bet on the company’s resurgence. The shares jumped to a high of $53.31, the highest level since February this year. They have risen by almost 80...
Plus500 share price shoots up despite CMC Markets warning
June 14, 2023 02:18 AM AEST| By InvezzPlus500 (LON: PLUS) share price went vertical even as concerns about the online trading companies retreated. The stock jumped by more than 8% on Tuesday, making it the best-performing company in the FTSE 250 index. CMC Markets, on the other hand, saw...
JPMorgan agrees to settle with victims of Jeffrey Epstein
June 13, 2023 04:36 AM AEST| By InvezzJPMorgan Chase & Co (NYSE: JPM) is in focus today after the investment bank settled with victims of sexual predator Jeffrey Epstein. JPMorgan to pay $290 million to settle The financial services behemoth did not admit liability but greed to pay $...
Don’t invest in QQQ ETF: Buy QQQM instead as tech stocks rise
June 13, 2023 03:30 AM AEST| By InvezzTechnology stocks have jumped sharply this year, helped by mega companies like Nvidia, Apple, Microsoft, and Meta Platforms. The tech-heavy Nasdaq 100 index has jumped to its highest level since April 2022. It has jumped by almost 40% from the lowest...
Abrdn share price is rising: buy the stock if this happens
June 13, 2023 02:03 AM AEST| By InvezzAbrdn (LON: ABDN) share price has made a spectacular recovery this year as market conditions improve. The shares jumped to a high of 220p on Monday, the highest point since March this year. They have soared by over 72% from the lowest level in 2022....
Nasdaq agrees to buy Adenza for $10.5 billion
June 13, 2023 12:50 AM AEST| By InvezzNasdaq Inc (NASDAQ: NDAQ) opened about 10% down this morning after it confirmed plans of buying Adenza Group Inc for $10.5 billion. Details of the Nasdaq-Adenza deal On Monday, the financial services company said it will pay $5.75 billion in cash to...
IVV, SPY, and S&P 500 ETFs have more upside – Goldman Sachs
June 12, 2023 06:45 PM AEST| By InvezzAmerican stocks are doing well, helped by big technology companies like Tesla, Apple, Nvidia, and Microsoft. The S&P 500 index moved to a bull market last week, signaling that it had jumped by over 205 from the lowest level this year. While Morga...
