Category: Data
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Dollar decline pauses, markets eye April core PCE data By Investing.com
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The recent downtrend of the US dollar has halted, in line with the forecasts of financial institution ING. Analysts noted that US economic data did not provide enough momentum to push the dollar significantly lower at this time. This comes after unemployment claims fell to 222,000 from the previous week’s…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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U.S. CPI data inadvertently revealed 30 minutes ahead of schedule, BLS says
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Irina Drozd The U.S. Bureau of Labor Statistics mistakenly released consumer inflation data 30 minutes earlier than scheduled on Wednesday, it said earlier this week, an incident that could lead to a broader examination of how the agency distributes important economic data. “Prior to today’s release of the CPI and…
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Asia FX rises as CPI data dents dollar, puts rate cuts in focus By Investing.com
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Investing.com — Most Asian currencies rose on Thursday after some weak U.S. consumer inflation readings pushed the dollar to a one-month low and saw traders increase their bets on a September interest rate cut. But gains in some regional units were held back by a combination of weak economic data…
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Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
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BioAtla reports promising data in cancer drug trials By Investing.com
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BioAtla, a biotechnology company, has announced its first-quarter financial results and provided a business update, highlighting positive data from ongoing clinical trials and the potential for strategic partnerships. The company showcased encouraging results from its CAB-ROR2-ADC drug in treating head and neck cancer and is preparing for FDA guidance on…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Nasdaq, S&P, Dow futures fall as investors brace for CPI data
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Mberdi/E+ via Getty Images Stock index futures fell on Wednesday, a day after the Nasdaq closed at a new record high, as investors awaited important CPI data due later in the day. Standard & Poor’s 500 futures contracts (SPX) -0.1%Nasdaq 100 futures (US100:IND) -0.2% and Dow futures contracts (Endo) -0.1%.…
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Dollar steady ahead of inflation data; sterling slips after job numbers By Investing.com
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Investing.com – The US dollar was flat on Tuesday, largely flat ahead of key inflation data likely to weigh on interest rate expectations. At 03:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.250, in range-bound trading. Dollar…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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How April CPI inflation data may influence the Fed’s rate path decision (DXY)
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With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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Dollar steady as US inflation data takes spotlight By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar firmed against its major counterparts on Monday as market participants looked ahead to U.S. inflation data to assess the prospects of an interest rate cut this year. Following a weaker-than-expected US jobs report for April and a dovish-sounding Federal Reserve policy…
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US data in the spotlight this week
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This is one of my favorite strips over the years. It is still of great importance. As we look forward to the new week, it is all about the US data that will move the mood in the broader markets. We already got a teaser last week of a few…
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Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
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China to Nurture Stock Rally by Masking Live Foreign Flows Data
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(Bloomberg) — China is set to stop live broadcasts of foreign stock flows as early as Monday, the latest policy move to boost confidence by removing a potential source of negative data. Most read from Bloomberg The Shanghai and Shenzhen stock exchanges plan to stop displaying real-time figures on domestic…
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Futures rise ahead of data, speeches from Fed officials By Reuters
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(Reuters) – US stock index futures rose on Friday, with focus on the speeches of Federal Reserve officials (the US central bank) after economic data issued this week supported bets on lowering US interest rates and raised investor sentiment. Wall Street indexes returned to record levels after last month’s sell-off,…