Energy security is crucial in Europe and globally, as an energy shock anywhere can cause widespread disruption and slowdowns and be a threat to the global economy.
Today, the currency pair will be watching a new round of US economic releases, led by weekly unemployment claims and durable goods orders, scheduled for 03:30 PM Egypt time.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 8.2% in the afternoon session after it announced a new joint venture with Susquehanna International Group to acquire a 90% stake in the regulated exchange MIAXdx, a move to significantly bolster its prediction markets business.
Shares of agricultural and construction machinery company Deere (NYSE:DE) fell 5.3% in the afternoon session after the company lowered its full-year earnings guidance during its third-quarter report, signaling persistent challenges in the agricultural market.
Shares of digital operations platform PagerDuty (NYSE:PD) fell 25.8% in the afternoon session after the company reported its third-quarter results and provided a disappointing revenue forecast, signaling slowing growth.
Shares of department store chain Kohl’s (NYSE:KSS)
jumped 8.1% in the afternoon session after the company appointed Michael Bender as its permanent chief executive and raised its full-year financial forecast after reporting better-than-expected third-quarter results.
Shares of cloud security platform Zscaler (NASDAQ:ZS) fell 11.1% in the afternoon session after the company's third-quarter results showed a miss on billings, a key metric for future growth, which overshadowed an impressive "beat and raise" quarter.
Shares of golf entertainment and gear company Topgolf Callaway (NYSE:MODG)
jumped 7.9% in the afternoon session after the stock hit a new 52-week high, capping a period of strong performance that was supported by the recent announcement of a major business deal.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
jumped 3% in the afternoon session after an analyst at BTIG reiterated a "buy" rating on the stock ahead of its third-quarter earnings report.
Stocks are looking to extend yesterday's rally, with the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 Index all headed for their fourth consecutive daily gains.
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO)
jumped 5.6% in the afternoon session after TD Cowen initiated coverage on the company with a "Buy" rating and set a price target of $65.
EUR/GBP retreats on Wednesday after the latest United Kingdom budget revealed by Chancellor Rachel Reeves appears to be well received by investors, which initially sold off the British Pound, trimming its earlier losses.
MSTR stock kept falling as interest costs ratchet higher. Strategy has lost most of its premium vs. the value of its bitcoin holdings, but it's not there yet.
Gold holds firm on Wednesday as traders lean into a more dovish Fed outlook, with XAU/USD trading around $4,150, easing slightly after climbing to two-week highs near $4,173 earlier in the day.
According to a Bloomberg News report, citing people familiar with the matter, Blackstone is likely to announce the purchase of MacLean from Centerbridge Partners as soon as next week.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Shopify (NASDAQ:SHOP) and its peers.
