Category: Markets
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Bpost shares touch all-time low as postal group’s profit guidance misses estimates By Investing.com
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Investing.com – Shares of Bpost (EBR:) hit an all-time low on Wednesday after the Belgian postal company unveiled annual earnings guidance that missed expectations. The company said it now expects adjusted earnings before interest and taxes at the group level for the full year of between 165 million euros and…
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Chart Art: Is Gold (XAU/USD) Ready to Break Out Soon?
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I see a number of classic chart patterns on the 4-hour time frame for gold. Do you think the precious metal is about to breakout? And in which direction will it go? Check out the upcoming turning points I’m watching! Gold (XAU/USD) 4 hours Chart by TradingView Gold has formed…
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PMI data to highlight the agenda in Europe today
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The US dollar is still doing well on the week, but the majors aren’t really doing much. Only the Japanese yen is seen mostly weak, with USD/JPY currently at 161.60. The pair is up 0.5% on the week so far and is on track for a fourth straight weekly gain.…
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AI deals lift US venture capital funding to highest level in two years, data shows By Reuters
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By Crystal Ho (Reuters) – U.S. venture capital funding jumped to $55.6 billion in the second quarter, the highest quarterly total in two years, according to data from PitchBook released on Wednesday. The latest figure represents a 47% jump from the $37.8 billion raised by U.S. startups in the first…
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Japan’s first new banknotes in 20 years use holograms to defeat counterfeits By Reuters
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By Irene Wang and Kantaro Komiya TOKYO (Reuters) – Japan on Wednesday put into circulation its first new banknotes in 20 years, featuring holograms of founders of women’s financial and educational institutions in a bid to thwart counterfeiters. The banknotes use printed patterns to create 3D images of people facing…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…
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Japan June Services PMI 49.4 (prior 53.8)
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Japan’s services PMI hits 49.4 in June, first contraction in nearly two years Flash 49.8, before 53.8 Compound 49.7 Flash was 50.0 before 52.6 previously: Japan Final Manufacturing PMI for June 50.0 (Previously 50.4) Comment on the report: The recent strong surge in business activity in Japan’s services sector came…
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Skydance reaches new deal to buy controlling Paramount stake, sources say By Reuters
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By Don Chmielewski LOS ANGELES (Reuters) – Shari Redstone’s National Amusements has reached a preliminary agreement to sell a controlling stake in Paramount Global to David Ellison’s Skydance Media, three people familiar with the matter told Reuters on Tuesday. The unexpected development comes just weeks after Redstone abruptly ended talks…
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Daily FX Market Review: JPow Says Nothing Hawkish So Dollar Falls
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Today’s interesting news in Forex came from Portugal. Speaking at a panel discussion at the European Central Bank’s monetary policy conference in Sintra, Portugal, Federal Reserve Chairman Jerome Powell said: He expressed his satisfaction with the progress made in the area of inflation. But he stressed that he wanted to…
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Deutsche Bank’s four key risks for H2 of the year
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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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Exclusive-AI coding startup Magic seeks $1.5-billion valuation in new funding round, sources say By Reuters
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Written by Anna Tong and Crystal Ho (Reuters) – U.S. startup Magic, which develops artificial intelligence models for writing software, is in talks to raise more than $200 million in a funding round that values it at about $1.5 billion, three sources told Reuters, just months after its latest capital…
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Asia FX muted as dollar steadies ahead of rate cues; yen weakens further By Investing.com
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Most Asian currencies fell slightly on Tuesday as the dollar recovered from recent losses ahead of a series of interest rate signals, while the Japanese yen weakened further to territory not seen in 38 years. Regional currencies saw little support even as traders priced in increased chances of a Federal…
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Crude oil futures settle at $82.81
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West Texas Intermediate crude oil futures settled at $82.81, down $0.57 or -0.68%. The price fell after trading at a two-month high of $84.38 earlier today. This was just $0.08 below the April 26 high of $84.46 (see chart above). On the downside, it is the 61.8% retracement level of…
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US new-vehicle sales growth slows after CDK cyberattack By Reuters
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By Nathan Gomez (Reuters) – Major U.S. automakers reported slower sales growth in the second quarter after a cyberattack on software company CDK Systems Inc. impacted operations at several dealerships during a crucial sales period in late June. General Motors reported a 0.6% rise in new vehicle sales, compared with…
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Japan’s fin min affirms FX vigilance but avoids intervention warning By Reuters
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Written by Makiko Yamazaki TOKYO (Reuters) – Japanese Finance Minister Taro Kono said on Tuesday authorities were vigilant for sharp moves in the currency market as the yen continued to slide to a 38-year low against the dollar, but he stopped short of issuing a clear warning of intervention. The…
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Fed’ Goolsbee: I see some warning signs the real economy is weakening
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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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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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JOLTS job openings for May: 8.140M vs 7.910M expected
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The previous month was revised to 7.919 million from the previously reported 8.059 million. The number of JOLTs job openings rose to 8.140 million, above the estimate of 7.910 million. Vacancy rate 4.9% vs. 4.8% last month. Resignation rate 2.2% vs 2.2% last month Details of available job opportunities: Job…
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JOLTS job openings for May: 8.140M vs 7.910M expected
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The previous month was revised to 7.919 million from the previously reported 8.059 million. The number of JOLTs job openings rose to 8.140 million, above the estimate of 7.910 million. Vacancy rate 4.9% vs. 4.8% last month. Resignation rate 2.2% vs 2.2% last month Details of available job opportunities: Job…