Ryanair Returned to Annual Profit in FY2023, Expects Strong Summer
Popular low-cost airline group Ryanair released strong top and bottom line results for FY2023 (period ended March 31), with robust summer demand eyed
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Popular low-cost airline group Ryanair released strong top and bottom line results for FY2023 (period ended March 31), with robust summer demand eyed
The British luxury fashion brand reported solid financial results today for FY2023, with Revenue rising 10% y/y, helped by a sales acceleration in China during the first quarter of the current year
On Monday, European regulators granted approval to Microsoft's proposed acquisition of Activision Blizzard, a deal worth $69 billion. While this decision does not guarantee the acquisition's completion, it may assist Microsoft in addressing objections raised by the United States and the United Kingdom.
Last week, US headline inflation came in under 5% for the first time in two years. Core inflation was 5.5% y/y and is still looking sticky. Chinese CPI was a disappointing 0.1% y/y and Chinese factory-gate inflate declined 3.6% y/y. We also saw the BoE raise rates by 25 bps to 4.50%. This week will see a host of Fed speakers with Fed Chair Powell participating in a panel discussion…
The Bank of England raised rates again on Thursday and kept the door open to further tightening, but the index shows resilience as the bank does not see recession any more
The BoE delivered its twelfth straight rate increase and kept the door open to more moves with typically vague communication, while upgrading its GDP and inflation forecasts
The pair is having a bad month despite the hint of more hikes by the ECB, but catches a breath today, as Thursday’s policy decision by the Bank of England looms
The US central bank (Fed) and its European counterpart (ECB) adopted very different monetary policy approaches after the failure of SVB and the divergence persisted after this week’s latest decisions, as the stress in the banking sector persists
Left shows the daily Ger30 chart. It is positioned in its bullish channel between the upper blue and red bands. Its RSI is above 50, which is the bullish side of the oscillator. However, the last eight trading sessions have drifted sideways in consolidation. This may be setting up a platform to take prices higher, given the positive indications.
The GER30 daily chart is trading in its bullish channel between its upper blue and red bands. It RSI is trading above 50 (green rectangle). The longer it maintains on the bullish side of 50 the greater the probability of higher prices ahead. The hourly chart shows a strong start to today’s trade. The trend following EMAs and the momentum-based stochastic have turned up (black ellipses). If the stochastic makes…
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