AeroVironment's stock surged after securing a $990 million U.S. Army contract for its Switchblade drones, boosting investor confidence. The deal, aimed at enhancing infantry capabilities, will run through 2029. Following the announcement, analysts from Baird and Alembic Global upgraded AeroVironment's rating, setting new price targets of $220 and $216...
The Eurozone economy continues to recover, but there is plenty of work ahead. The Sentix Investor Confidence index improved to -8.7 in April, above the March read of -11.1 and better than the estimate of -11.7 points. The concerns over an energy crisis in Europe this winter failed to materialize and Germany and the rest of the eurozone came out of the winter...
EUR/USD slipped to a new 20-year low earlier today, falling to 0.9864. Currently, the euro is trading at 0.9910, down 0.20%.
Eurozone government yields fell sharply today on reports that the ECB may decide to scale down an expected 75 basis point hike on Thursday. This has pushed the euro to a new 20-year low earlier today, as the currency remains under...
The euro has started the week in positive territory. In the North American session, EUR/USD is trading at 1.0217, up 0.36% on the day.
The week wrapped up with a superb nonfarm payroll report, which sent the US dollar broadly higher. However, the gains proved to be short-lived, as the euro has recovered most of Friday's losses. The July nonfarm payroll report...
