BABA closes Thursday down more than 9%

Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares.   Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the

ECB and Riksbank speakers on Thursday, 5 October 2023

Coming up today: 0800 GMT / 0400 US Eastern time: ECB Governing Council member Peter Kazimir speaks at the National Bank of Slovakia’s quarterly press conference on the economic outlook for Slovakia 0945 GMT / 0545 US Eastern time: Participation by ECB board member Philip Lane in policy panel at 2023 ECB Conference on Monetary

US Dollar goes nowhere with traders looking ahead to Thursday

Share: The US Dollar is unchanged near the New York opening bell.  Very light data calendar points to a rather uneventful day in the wake of US inflation data on Thursday.  The US Dollar Index nudges lower, eyes key support test.  The US Dollar (USD) is trading sideways to slightly lower as markets