Italian energy infrastructure firm Snam reports higher Q1 earnings and investments, with net debt climbing to EUR 18.5B. Snam reported first-quarter revenue of 999 million euros, up 3.0% year-over-year, driven by higher infrastructure utilization. EBITDA increased 9.3% to
Persistent US inflation and rising Treasury yields weigh on XAU/USD as traders delay Fed rate cut expectations until late 2024. Gold (XAU/USD) retreated 0.25% to near $4,700 on Wednesday, pressured by a stronger US Dollar (USD) and reduced bets on Federal Reserve rate cuts
Headlines: USD/JPY nudges back up towards 158.00 mark as dollar holds firmer on the week Gold continues to consolidate amid prolonged US-Iran stalemate, hawkish Fed risk ECB's Villeroy: We don't have enough information on core inflation yet ECB's Muller: The ECB will need a fast...</stron
A $2.84M 401(k) balance at age 73 triggers a $107K RMD, pushing retirees into a 22-24% tax bracket. A 67-year-old retiree with a $2 million 401(k) faces a $400,000 federal tax bill due to required minimum distributions (RMDs) starting at age 73. Compounded growth at 6% ann
French advisory firm expands into UK market with full buyout, targeting €5bn in assets under management by 2030. Groupe Allen, a French wealth advisory group, has completed a 100% buyout of Altyx Financial Planning, a London-based firm specializing in cross-border wealth m
Investors await Bank of Canada deliberations for clarity on rate cut timing and Governing Council unanimity on policy risks. Markets will parse the Bank of Canada’s Summary of Deliberations for details on April’s policy decision and two-sided guidance. The minutes may addr
The Euro falls against the British Pound as soft Eurozone economic data weighs on the currency pair near 0.8650. The Euro extended losses against the British Pound, trading near 0.8650 after failing to hold above 0.8700. Weak Eurozone economic data contributed to the curre
The Euro (EUR) extends losses against the Dollar (USD) for the second consecutive day on Wednesday, trading below 1.1700 at the time of writing after rejection at 1.1790 on Tuesday. Eurozone Gross Domestic Product (GDP) and, above all, Industrial Production figures have fa
Danske Research Team highlights that United States (US) Consumer Price Index (CPI) data showed strong core and services inflation, reinforcing concerns about persistent underlying price pressures. Shelter and super-core components rose, while core goods remained flat <
ECB Governing Council member Madis Muller says a quick end to Strait of Hormuz disruptions is needed to avoid a June rate increase. European Central Bank policymaker Madis Muller indicated the ECB will likely raise interest rates in June unless the Strait of Hormuz reopens