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RSI points lower as prices remain below key SMAs

West Texas Intermediate (WTI) pares some part of earlier losses on Friday as markets seek confirmation of a possible US-Iran agreement, prompting traders to refrain from placing aggressive bearish bets.At the time of writing, WTI trades around $83.80 per barrel after recovering from an intraday low of $81.80, its lowest…

Hold stance extended as inflation risks linger – TD Securities

TD Securities economists expect the Bank of England (BoE) to keep Bank Rate at 3.75% with a 7-2 vote as Greene joins Pill in calling for a hike. They highlight persistent inflation pressures, upside risks from energy and airfare, and softer demand. Their updated call delays the final rate cut to April 2027, keeping Bank Rate at 3.75% through 2026.BoE seen on hold but hawkish”We expect the Bank of England to remain on hold with…

Business

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Zuckerberg admits Meta has ‘made mistakes’ in AI workforce overhaul: report

Meta CEO Mark Zuckerberg acknowledged Friday that the company has “made mistakes” as it undergoes a sweeping workforce overhaul tied to its aggressive push into artificial intelligence (AI). Zuckerberg made the remarks in an internal memo to employees, according to Reuters, which reported that the Meta chief warned of challenges…

Markets

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Investing

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