Category: Markets
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Why analysts say healthcare’s recent underperformance presents an opportunity By Investing.com
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Investing.com – The healthcare sector has consistently underperformed the benchmark over the past 12 months, according to analysts at Wells Fargo. In a note to clients dated July 1, they added that like most of the broader market, gains in the sector were very narrow, with only a few stocks…
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Corporate France braces for new era of political turmoil By Reuters
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By Lee Thomas and Helen Reid AIX-EN-PROVENCE, France (Reuters) – France’s business elite is worried about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence ahead of Sunday’s parliamentary election said. Business leaders gathering in the southern city of…
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The gold market may have found a second leg
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The long-term argument for gold is that Russia, China, India and the Middle East are buying in increasing quantities. But gold’s rally has stalled after data showed official gold buying in China stopped in May. There is also a kind of gold mania in Chinese retail circles that is cause…
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UBS outlines what to watch out for in Europe’s upcoming earnings season By Investing.com
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The European earnings season is set to start in earnest on July 17, with results from chipmaking equipment group ASML (AS:), according to analysts at UBS. In a note to clients this week reviewing the latest quarterly earnings from the region, analysts added that expectations have been mostly on the…
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Tech giants rally: A snapshot of today’s vibrant stock market
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Stock Heat Map from FinViz.com Friday, July 05, 2024 13:46:14 GMT Market Overview Today’s stock market map reveals a dynamic trading landscape, with big tech companies like AMD and Google leading the way amid mixed sector trends. The map highlights key moves that provide an indication of investor sentiment and…
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Putin: We see Orban’s visit as an attempt to restore the dialogue
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Amnesty International Image Viktor Orban met with Putin today and now we get comments from the Russian president: We are grateful for the visit to Moscow. Urban has brought us the Western point of view. Relations with the European Union at their lowest point Orban calls for ceasefire Kyiv does…
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Are U.S. Treasury markets anticipating Trump 2.0? Yardeni Research weighs in By Investing.com
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Investing.com – The move higher in U.S. Treasury yields following last week’s debate between President Joe Biden and Republican challenger Donald Trump could be a sign that the bond market is pricing in a Trump victory in November’s presidential election, according to analysts at Yardeni Research. On Monday, the benchmark…
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Timiraos: The Fed may start the debate about a Sept cut at the upcoming meeting
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Nick Timirus He says Today’s jobs report wasn’t alarming enough to put a July rate cut on the table (5% pricing) but it does say it could open up a real debate about September. The June jobs report will make the July Fed meeting more interesting because there may be…
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U.S. Coast Guard says hurricane may shut oil ports By Reuters
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By Erwin Seba HOUSTON (Reuters) – The U.S. Coast Guard warned on Monday that ports from Corpus Christi to Houston, Texas, could be closed due to Hurricane Beryl, which is expected to make landfall by Monday morning south of Port Lavaca. Closing the ports could temporarily halt shipments of crude…
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The GBPJPY is trading at highest level since 2008 and bounced off support today.What next?
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When the market is trending, it is better for traders to understand when the market trend is changing, rather than trying to pick a top or bottom depending on which direction the market is going. For the GBP/JPY pair, it has been in an uptrend for the past seven months…
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The case against a rate cut this year
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Despite recent improvements in inflation and economic indicators, analysts at Yardeni Research argue against a Fed rate cut this year. May personal consumption expenditures data suggest inflation is on track to hit the Fed’s 2.0% target by year-end. Moreover, consumer spending remains strong, in line with the positive economic outlook.…
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Fed mon pol report: Labor supply-demand balance resembles pre-pandemic period
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Further progress on inflation expected this year but ‘greater confidence’ still needed before moving to cut interest rates Housing-related inflation will gradually decline. There are still large gaps in the labor market. The financial system is sound and resilient. Relatively high valuations relative to fundamentals in major asset classes Full…
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Impact and Analysis By Investing.com
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President Joe Biden is running for re-election, and his potential second term could have significant impacts on various sectors, including energy. Understanding the implications of Biden 2.0 for energy stocks is crucial for investors, given the administration’s strong focus on climate change, renewable energy, and regulatory changes. Biden’s energy policies…
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USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?
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The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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SNB’s Jordan “relatively comfortable” with inflation
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
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SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into…
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USD/CAD bounces from the range low after soft Canadian jobs report. What’s next
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USD/CAD Daily The Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted. That’s why the recent drop in USD/CAD could…
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
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AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…