Last Close | 1.0540 |
% Change | 0.05% |
1 year % Change | -6.98% |
1 year Range | 1.2267-1.0471 |
Resistance 3 | 1.0740 |
Resistance 2 | 1.0680 |
Resistance 1 | 1.0630 |
Pivot Point | 1.0567 |
LONDON/DUBLIN (Reuters) - European airlines and hotel chains are seeing bookings recover to levels not seen since before the COVID-19 pandemic, led by demand for shorter trips, although travellers remain cautious about making long-distance journeys.
The pandemic led to international travel virtually shutting down as governments around the world banned foreigners from entering their countries. However, the easing of restrictions and a pent-up demand to travel has sparked cautious optimism among executives.
Challenges remain in the form of rising costs and staff shortages causing flights to be cancelled. Despite that, airlines are forecasting a return to profitability.
"There is a lot of pent-up demand. People want to see their families and travel again," said Phil Seymour, president of IBA Group, a UK-based consultancy and aircraft valuation firm.
British Airways-owner IAG (LON:ICAG) expects to be profitable from the second quarter onwards and for the year as a whole, it said on Friday. That's despite having to cut capacity in the first quarter to avoid disruptions.
"Premium leisure continues to be the strongest performing segment and business travel is at its highest level since the start of the pandemic," said IAG Chief Executive Luis Gallego.
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5H | down |
DAILY | down |
WEEKLY | down |
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Last Close | 108.25 |
% Change | -0.88% |
1 year % Change | 56.2% |
1 year Range | 61.56-130.50 |
Resistance 3 | 111.50 |
Resistance 2 | 110.70 |
Resistance 1 | 110.10 |
Pivot Point | 109.31 |
Support 1 | 108.60 |
support 2 | 108.00 |
Support 3 | 107.40 |
LONDON (Reuters) -Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.
Brent futures rose $1.75, or 1.58%, to $112.65 per barrel by 1159 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1.57, or 1.45%, to $109.83 a barrel.
Brent and WTI are on track to rise for a second week in a row, buoyed by the EU's proposal to phase out supplies of Russian crude oil in six months and refined products by the end of 2022. It would also ban all shipping and insurance services for transporting Russian oil.
The EU is tweaking its sanctions plan in a bid to win over reluctant states, three EU sources told Reuters on Friday. [nL2N2WY0F7]
"The looming EU embargo on Russian oil has the makings of an acute supply squeeze. In any case, OPEC+ is in no mood to help out, even as rallying energy prices spur harmful levels of inflation," PVM analyst Stephen Brennock said.
Ignoring calls from Western nations to hike output more, the Organization of the Petroleum Exporting Countries, Russia and allied producers, a group known as OPEC+, stuck with its plan to raise its June output target by 432,000 barrels per day. nL2N2WX0IO]
1H | up |
5H | up |
DAILY | up |
WEEKLY | up |
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Last Close | 1875 |
% Change | 0.24% |
1 year % Change | -3.66% |
1 year Range | 1704-2070 |
Resistance 3 | 1899 |
Resistance 2 | 1893 |
Resistance 1 | 1885 |
Pivot Point | 1876 |
Support 1 | 1872 |
Support 2 | 1865 |
Support 3 | 1858 |
(Reuters) - Gold prices fell on Friday and appeared poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve's strong stance, while investors awaited US jobs data due on Friday.
Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, while US gold futures settled at $1,875.60.
The dollar headed for a fifth week of gains, while US Treasury yields were near their highest levels since November 2018.
Investors are now awaiting the US non-farm payrolls data for April to assess its impact on monetary policy. On Wednesday, the Federal Reserve raised interest rates by half a percentage point, the largest in 22 years.
Investors' appetite for non-yielding gold tends to decline when interest rates rise.
For other precious metals, silver fell one percent to $22.28 an ounce, platinum fell three percent to $951.42 and palladium also fell three percent to $2123.95.
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5H | up |
DAILY | up |
WEEKLY | up |
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