Category: Global
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Global Market Weekly Recap: September 30 – October 4, 2024
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Geopolitical headlines took center stage most days of the week, driving crude oil prices and even impacting overall market sentiment. Investors appeared concerned about infection risks and restrictions on oil production caused by worsening tensions in the Middle East, which led to a flight to safe havens such as gold…
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UBS sees limited USD gains amid global events By Investing.com
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Growth-supporting currencies have struggled recently, but upcoming economic data and central bank meetings are expected to cap further gains in the US dollar, UBS noted while providing insight into recent currency market movements. UBS’s observation came after the US dollar (DXY index) rebounded after failing to break the 100 level.…
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
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Vivek: Unsurprisingly, The Bitcoin Price Follows Global Liquidity
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What we read: Bitcoin: a measure of global liquidity I’m fascinated by the dramatic increase in global liquidity during 2024, driven by widespread money printing and debt expansion, and how this affects the price of Bitcoin. Bitcoin is an expression against the government’s expansionary monetary policies, so its price follows…
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Vivek: Unsurprisingly, The Bitcoin Price Follows Global Liquidity
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What we read: Bitcoin: a measure of global liquidity I’m fascinated by the dramatic increase in global liquidity during 2024, driven by widespread money printing and debt expansion, and how this affects the price of Bitcoin. Bitcoin is an expression against the government’s expansionary monetary policies, so its price follows…
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European shares defy global slump amid Mideast tensions, energy stocks jump By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Wednesday, led by gains in energy and defense shares, defying declines in Asia and Wall Street after an Iranian missile attack on Israel exacerbated fears of a broader regional conflict. The European index rose 0.3 percent to 522.37 points. The…
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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In global game of influence, China turns to a cheap and effective tool: fake news
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Breadcrumb links PMN BMN Business Article writer: Associated Press Didi Tang and David Klepper Posted on September 28, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Visitors pass the Chinese Communist Party flag…
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RugbyPass scores major double win at the 2024 Global Search Awards
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At the 2024 Global Search Awards, rugby news platform, RugbyPass, was named the winner of two hotly contested and highly coveted awards – ‘Best Use of Content Marketing’ and ‘Best Use of PR’. RugbyPass, together with its partner digital agency, Another conceptwere honored in these categories for their work in…
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UN Pact of the Future will reboot a limping global climate agenda
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The just-concluded UN summit listed climate change as a key area requiring special attention. Indeed, the UN needs to reboot participatory leadership on global climate and the focus clearly lost in the wake of the energy crisis caused by the Russian invasion of Ukraine in February 2022. Specifically, the UN…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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JCB boosts profits despite global market downturn
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JCB, the British heavy machinery manufacturer based in Staffordshire, has reported a significant rise in profits despite a global slowdown in the machinery sector. The company reported a 44% increase in pre-tax profits, to £806m last year, up from £558m in 2022. Revenues also saw an impressive 14% rise, to…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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REJO Solidifies Its Global Footprint with a Prominent Presence at InterTabac 2024
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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 September 21, 2024 •…
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Global investors brace for turmoil as big Fed cut sows confusion By Reuters
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By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Major global investors are on alert for sharp market volatility after a big U.S. interest rate cut sparked confusion over whether the market-dominating global economy will boom or slump, clouding the outlook for stocks, bonds and currencies around the world. Global…
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UBS says gold is its “Most Preferred” in its global asset allocation
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UBS analysts reiterated their bullish outlook for gold, citing its value as a hedge against macroeconomic and geopolitical uncertainty: Maintains a price target of $2,700 per ounce by mid-2025 Briefly from the UBS report: Gold is expected to rise 23% in 2024, reaching an all-time high, due to lower US…
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Global SMEs show resilience and optimism as Alibaba.com sees near 70% rise in super September orders
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Global small and medium-sized businesses (SMBs) are increasingly optimistic about their future prospects, according to the new Global SMB Confidence Index from Alibaba.com, the leading B2B e-commerce platform. The study, conducted with SME decision-makers in France, Germany, the UK and the US, highlights a strong sense of resilience as SMEs…