Category: Investing.com
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Dollar dips ahead of payrolls; euro gains on French poll results By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Monday ahead of this week’s key employment report, while the euro rose after the first round of voting in France’s election. At 05:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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May jobs data in the limelight By Investing.com
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The index jumped on Friday, posting its best session of the year, as investors closed out a strong month after the Federal Reserve’s preferred inflation gauge met expectations. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32 points, thanks to gains in shares of Salesforce and UnitedHealth,…
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Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
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Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…
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Google downgraded as Apple gets vote of confidence By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get the first insights from market-moving AI analysts. Upgrade today! Rosenblatt downgraded Google stock amid heightened turnaround risks An analyst at Rosenblatt downgraded Alphabet (NASDAQ:) stock from buy to neutral, citing “multiple areas of…
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Stifel initiates on Tesla; downgrade for Alphabet By Investing.com
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Investing.com – Here’s a professional summary of the most important pieces of information Wall Street analysts said over the past week. InvestingPro subscribers always get the first guess on rating changes that move the market. Holding confirmation What happened? Goldman Sachs on Monday initiated coverage with a new analyst rating…
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Rising trade policy uncertainty poses a downside risk to growth: Goldman Sachs By Investing.com
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Comments and actions on global trade policy are becoming increasingly hawkish, and a potential victory by Donald Trump in the upcoming presidential election could lead to the imposition of significant tariffs on U.S. imports, potentially leading to retaliation and escalation, according to economists at Goldman Sachs. As a result, indicators…
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Path, destination of interest rates more important than timing of first cut: UBS By Investing.com
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Since the beginning of 2024, investors have been primarily interested in when the Federal Reserve will start cutting interest rates. Initially, March seemed like a good time to do this, but expectations then shifted to June after a wave of unfavorable economic data. Now, for the same reasons, the first…
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Wells Fargo’s top five portfolio ideas for the next 18 months By Investing.com
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Wells Fargo offered guidance for investors planning to navigate the next 18 months in a note this week, highlighting five key portfolio ideas. Looking to 2025, Wells Fargo expects opportunities to “expand equity exposure” during market downturns and potentially “increase portfolio returns” if interest rates remain high. They also recommend…
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EzFill Holdings inks $165K promissory note with NextNRG By Investing.com
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Miami, FL – EzFill Holdings Inc. (NASDAQ:EZFL), a company operating in the automobile dealers and gasoline station industries, has entered into a material definitive agreement with NextNRG Holding Corp., according to a recent 8-K filing with the U.S. Securities and Exchange Commission. The agreement, dated Monday, includes a $165,000 promissory…
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4 scenarios for the markets By Investing.com
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Investing.com – In the first U.S. presidential debate, held on Thursday night, June 27, incumbent Democratic President Joe Biden failed to convince the audience that he has the ability to continue leading the world’s largest economy for a second term. Quite the opposite. The encounter was more positive for Republican…
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Asia FX muted as dollar nears 2-mth high; yen crosses intervention levels By Investing.com
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Investing.com – Most Asian currencies moved little on Thursday as traders remained largely biased towards the dollar in anticipation of more major US economic signals. The focus was also on possible government intervention in the Japanese yen, which broke above levels that had prompted government intervention in May. Sentiment towards…
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Dollar consolidates ahead of key inflation release; yen nears intervention By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday, giving up some of the previous session’s gains, while the Japanese yen fell into intervention territory. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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Dollar strengthens ahead of PCE data; euro weighed by political uncertainty By Investing.com
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Investing.com – The US dollar rose in early European trade on Friday, on track for its second straight quarterly gain, the euro fell and the Japanese yen remained on watch for intervention. At 04:00 ET (09:00 GMT), the U.S. dollar, which tracks the greenback against a basket of six other…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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EUR/USD may face parity risk amid bumpy political backdrop ahead By Investing.com
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Investing.com – The euro has struggled recently as political uncertainty in Europe returns, but events across the pond in the U.S. could have a bigger impact, potentially pushing the euro toward parity against the dollar if the Trump White House pursues aggressive protectionist trade policies. “We expect EUR/USD (and many…
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Fluor secures contract for German battery plant project By Investing.com
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IRVING, Texas – Fluor Corporation (NYSE: NYSE:) has been selected to provide engineering, procurement and construction management services for the first phase of Northvolt’s lithium-ion battery plant in Heide, Germany. The contract is part of a larger $4.8 billion project, with Fluor’s share of the contract value not disclosed but…
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L’Oreal adjusts global beauty forecast amid China’s market volatility By Investing.com
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Investing.com – Analysts at Evercore highlighted L’Oreal’s (EPA:) decision to revise its global cosmetics market growth forecast from 5.0% to a range of 4.5-5.0%. The revision comes in response to market volatility in China and a “slightly negative” shopping festival on 6.18. L’Oréal shares fell following the announcement from CEO…