Category: Markets
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De-risking is the theme of the moment
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Where are you hiding today? Bonds fell Big Tech is in decline Stocks fell across the board. Gold went down All commodities fell, including oil, which fell 3%. All credit to everyone who bought Bitcoin, which is up 4.6% today and has seen a nice rise since it appeared in…
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Investors count on earning to calm $900 billion US tech rout By Reuters
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By Louis Krauskopf NEW YORK (Reuters) – With earnings season in full swing, bullish investors are hoping strong corporate results will halt a slide in technology stocks that has slowed U.S. stocks this year. The S&P 500 technology sector has fallen about 6% in just over a week, losing about…
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Global Market Weekly Recap: July 15 – 19, 2024
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Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices…
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Oil had a rough finish to the week: Closes at the lowest since June 14
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Crude oil WTI daily The oil market has been in a tough spot. The macroeconomic situation is deteriorating, hopes for Chinese stimulus are fading, and all the data from Russia and OPEC are pointing to a surprise drop in exports. This has led to a real push and pull in…
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Traders eye return to business as usual after cyber outage, issues remain By Reuters
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LONDON/NEW YORK (Reuters) – Trading returned to normal on Friday after a global technology outage that disrupted operations at financial firms from London to Singapore and New York, although some problems remained, including an outage at some JPMorgan Chase ATMs. A software update has wreaked havoc on computer systems worldwide,…
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Forexlive Americas FX news wrap: Something of a ‘sell everything’ day
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Markets: US Dollar Advances, NZD Lags West Texas Intermediate crude oil fell $2.53 to $80.29 a barrel. US 10-year Treasury yields rise 5.3 basis points to 4.24% Gold falls $46 to $2,399 S&P 500 down 0.7% There’s nowhere to hide today as stocks, bonds, commodities and precious metals all plunge.…
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Stock Market News Today: Markets post worst week since mid-April (SP500)
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Wall Street on Friday posted its worst week since mid-April, as the exodus from technology stocks continued over the past few days, sparked by Thursday’s consumer inflation report. The technology-heavy Nasdaq Composite Index (Compound: Indian) I recorded the first three days A losing streak since June 24, Decrease by 0.81%…
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U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Trade Commission is investigating executives from major oil companies, including Hess Company U.S. energy companies Occidental Petroleum Corp. (NYSE:O) and Diamondback Energy Inc. (NASDAQ:D) will be investigated over their contacts with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. The…
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Credit Agricole: GBP remains a best G10 FX bet despite risk aversion
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GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…
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Credit Agricole: GBP remains a best G10 FX bet despite risk aversion
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GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…
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Stocks move to new lows. Crowdstrike down -10.66%. Musk says “We just deleted Crowdstrike”
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Crowdstrike pushed an update overnight that crashed Microsoft products and subsequently many companies. I’m still having some issues with my tech. Crowdstrike shares are down -10.60% at $306.40. At least the stock is down from its low of $290.10. Meanwhile, major indices moved to new lows on the current hourly…
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Oracle reaches $115 million consumer privacy settlement By Reuters
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By Jonathan Stempel (Reuters) – Oracle Corp has agreed to pay $115 million to settle a lawsuit accusing the database and cloud computing software company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action lawsuit was…
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Why You Should Focus on the Process Instead of the Profits in Trading
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Many new traders in the Forex market always wonder how to make more profits from their trades. They try to set goals like trying to get a certain number of points per day or per month. I think it’s better to focus on the process first, rather than the outcome.…
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Mixed start for US stocks. Nasdaq and S&P higher. Dow lower.
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Major US indices continue to see changes in flows. Today, the Dow Jones and Russell 2000 are down. The S&P and Nasdaq are up. The current market snapshot shows: The Dow Jones Industrial Average fell -240 points, or -0.58%, to 40,425. The S&P 500 rose 3.14 points, or 0.05%, to…
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Dollar edges higher on safety bid; sterling drops after weak retail sales By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, heading for a positive week, while the British pound fell after weak retail sales data. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 104.065, recovering from…
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Daily Broad Market Recap – July 18, 2024
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High-yielding assets got off to a strong start, but ended up falling as the US dollar and bond yields regained the upper hand. What happened in the markets recently? Here are the updates you need to know: headlines: Employment Change in Australia in June: +50.2K (19.9K expected, 39.5K prior), Unemployment…
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Microsoft stock falls as outage grounds flights, Azure services impacted By Investing.com
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Microsoft (NASDAQ:) experienced an outage of Azure and Office365 services that grounded flights by at least two low-cost airlines in the United States late Thursday, with services still suspended through Friday morning. Microsoft shares fell 1.8% in premarket trading on Friday. Frontier Airlines said its systems were gradually returning to…