Category: Global
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Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings
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MondayUK Market Holiday (Bank Holiday), German Ifo Index (August) Tuesday: China central bank meeting minutes, China industrial profits (July), German GfK consumer confidence (September) Get married:Australian CPI (July), NVIDIA (NVDA) Earnings (Q2) ThursdaySpanish CPI (Aug), German Länder CPI (Aug), Eurozone Sentiment Survey (Aug), US GDP (2nd) and Personal Spending Index…
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Global Market Weekly Recap: August 19 – 23, 2024
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While most market participants were preoccupied with the FOMC minutes and expectations of Powell’s testimony at the Jackson Hole Symposium, commodities like gold and crude oil also responded to their own set of catalysts. Geopolitical headlines and global growth concerns led the energy commodity mostly lower during the first half…
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Analysts reveal bullish case for Bitcoin as global liquidity rises
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Many macroeconomic analysts claim that the stage appears set for Bitcoin to surpass its previous all-time high, thanks to increased global liquidity. In recent weeks, the global macroeconomic outlook has shown signs of shifting. Over the weekend, Goldman Sachs economists announced that they Reduced They lowered their estimate of the…
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Analysts reveal bullish case for Bitcoin as global liquidity rises
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Many macroeconomic analysts claim that the stage appears set for Bitcoin to surpass its previous all-time high, thanks to increased global liquidity. In recent weeks, the global macroeconomic outlook has shown signs of shifting. Over the weekend, Goldman Sachs economists announced that they Reduced They lowered their estimate of the…
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Rebuilding Gaza Could Take Over $80 Billion, Global Cooperation
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Breadcrumb Trail Links PMN Business On today’s Big Take podcast: a look at the international cooperation — and money — it would take to rebuild Gaza. Author of the article: Bloomberg News Julia Press and Sarah Holder Published Aug 19, 2024 • 10 minute read You can save this article…
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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports By Reuters
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Seagram heir Edgar Bronfman Jr. is close to making a bid for National Amusements Inc. that would rival an acceptable offer from Skydance Media Inc., Bloomberg News reported Thursday, citing people familiar with the plans. The former Warner Music chief had expressed interest in buying National Amusements, Paramount’s controlling shareholder,…
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Walmart offered six endorsements on the health of the US and global consumer
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The combination of the July U.S. retail sales report and comments from Walmart executives is a powerful statement about the health of the American and global consumer. It has better data than any U.S. statistical agency, and it is often forthright about what it sees. Here are some quotes from…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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Global Economic Impact of Gambling Tax Soars
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 9, 2024 •…
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Three-quarters of global carry trade has been unwound: JPMorgan By Investing.com
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About three-quarters of global carry trades have been removed, JPMorgan strategists said in a note on Wednesday. In its latest report, JPMorgan noted that the risk-reward ratio in global bonds is low due to the upcoming US elections and potential financiers’ re-pricing of low US interest rates. It also noted…
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Paramount Global writes down value of cable networks, posts first streaming profit By Reuters
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By Don Chmielewski (Reuters) – Paramount Global Inc wrote down about $6 billion in the value of its cable networks on Thursday even as the company’s broadcast business reported its first quarterly profit. The decline reflects shrinking viewership at cable networks like Nickelodeon, MTV and Comedy Central, which translates into…
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Global stocks fall and yen rises as volatility reigns By Reuters
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By Harry Robertson LONDON (Reuters) – European shares fell and U.S. stock futures fell on Thursday after choppy sessions in Asia and on Wall Street as investors struggled to find their footing in a turbulent week for markets. The yen and U.S. bonds rose as traders awaited weekly U.S. jobless…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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FX Daily Review: Dollar Holds Steady Against Yen As Global Market Mayhem Eases
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It’s only Tuesday, but what a week it’s already been! ? Yesterday, investors, traders and investors around the world experienced a rollercoaster ride as global stock markets plunged, but today they have partially recovered. An important factor contributing to these disturbances was the solution of thepregnancy tradeIt is a popular…
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Global stocks rebound from sell-off; Treasury yields, dollar higher By Reuters
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By Sinead Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Stocks around the world rebounded on Tuesday from a sharp sell-off the previous day, while Treasury yields rose and the dollar firmed slightly as investors returned to riskier assets and central banks responded to recession fears. Oil prices rose on…
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Stocks Rebound From Global Slump, Treasuries Fall: Markets Wrap
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(Bloomberg) — Calm returned to markets as investors looked for bargains after a selloff in global stocks on Monday that peaked after three weeks of losses of about $6.4 trillion. Bond prices also fell. Most Read from Bloomberg S&P 500 futures suggested a recovery could be on the way after…
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TA of the Day: Gold Drops Amid Global Market Sell-Off But Bounces. Will the Uptrend Resume?
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Despite being considered a safe haven, gold has not been immune to Market sentiment shifts to a major risk aversion With market participants selling assets on a massive scale. Backed by recession fears and Clearing the global pregnancy tradeGold fell more than 1% today, reaching $2,410 an ounce. The sell-off…
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Bitcoin Dips Below $50K as Global Market Crashes
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the Bitcoin price Bitcoin prices fell below $50,000 on Monday, hitting their lowest levels in more than six months amid a broad sell-off in the global market. broke down: #Bitcoin Drops below $50,000 pic.twitter.com/11og9GoSyi — Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Bitcoin fell about 20% to around $49,000 before recovering…