Category: Markets
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ECB’s Kazaks says mustn’t allow inflation to remain above 2% into 2026
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Member of the Governing Council of the European Central Bank Kazacs (Governor of the Central Bank of Latvia). He was very frank about the policy backdrop, saying the bank should not allow inflation to stay above 2% until 2026. European Central Bank forecasts indicate that the target inflation rate of…
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French election worries rekindle market memories of UK budget rout By Reuters
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By Yoruk Bahçeli and Dara Ranasinghe (Reuters) – As far-right and left-wing parties gain momentum ahead of snap parliamentary elections in France, putting pressure on President Emmanuel Macron’s centrist administration, investors are beginning to consider the risk of a budget crisis at the heart of the euro zone. The far-right…
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Premium Forex Watch Recaps: June 10 – 12, 2024
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Our forex experts targeted this week’s UK jobs update and FOMC statement for potential short-term opportunities to watch. Of the four scenario/price forecast discussions this week, The two arguably saw both financial and technical arguments raised To become a potential candidate for a risk management overlay. Check out our review…
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Newsquawk Week Ahead: Highlights include BoE, SNB, US retail sales
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Week Ahead 17-21st June: Mon: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1) Tue: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May) Wed: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)…
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Apple stock lifted to Buy as AMD, Adobe get downgraded By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! “AI stands for Apple’s intelligence:” DA Davidson upgrades Apple to buy Analysts at wealth management firm DA Davidson upgraded Apple (NASDAQ:) shares from neutral…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week
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US stock markets are open and trading, with major indices lower led by the Dow Jones Industrial Average. During the trading week, the S&P and NASDAQ rose as they extended to all-time highs this week. The Dow Jones Industrial Average is not higher today nor during the trading week. A…
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China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
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BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
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Indonesia central bank intervenes to defend faltering rupiah By Reuters
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JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to defend the rupiah, the Indonesian central bank governor said on Friday, pledging to use monetary policy to stabilize the currency after it fell. to its lowest levels in four years against the dollar. The rupee fell…
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Weekly Market Outlook (17-21 June)
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Upcoming events: Monday: People’s Bank of China (PBoC) Multilateral, New Zealand Services PMI, Industrial Production and Retail Sales in China, Eurozone Wage Growth. Tuesday: Reserve Bank of Australia policy decision, Eurozone ZEW, US retail sales, US industrial production. Wednesday: UK Consumer Price Index, US NAHB Housing Market Index, Bank of…
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Upgrade for Shopify; downgrades for AMD, Paramount 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 take on rating changes that move the market. Advanced micro devices What happened? On Monday, Morgan Stanley downgraded Advanced Micro Devices (NASDAQ:) to…
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Election concerns in France give euro worst week in two months By Reuters
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Written by Karen Brettell (Reuters) – The euro is heading towards its biggest weekly decline against the dollar in two months on Friday, amid fears that a new government will worsen the financial situation in France with early parliamentary elections approaching. The yen hit its lowest level in six weeks…
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We may be entering the ‘kicking and screaming’ phase
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The Fed has always been late in cutting interest rates and certainly won’t cut them fast enough when the cycle starts. This is the natural reaction to getting burned by inflation in the age of Covid. It’s been a long time since we’ve seen a “natural” cycle of interest rate…
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How the market reacted when Trump won in 2016 By Investing.com
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When Donald Trump won the 2016 US presidential election, the overall market response was weak, but there were significant sector-specific moves, analysts explained in a note this week. Financial institutions, especially banks and insurance companies, led the way with significant gains, the investment firm said. Sallie Mae shares rose 37%…
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DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers
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DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers
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Despite the big miss in the Michigan survey, the USD is little changed near highs.
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Michigan survey numbers were much weaker than expected. Despite the sharp declines, the dollar is stable and is trading near its highs against the euro and the pound. The Michigan poll may lose some steam as politics dominate the election. If you’re a Trump supporter, it’s dire. If you’re a…
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no props, muted microphones By Reuters
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Written by David Shepardson and Andrea Shalal WASHINGTON (Reuters) – The first U.S. presidential debate between incumbent Joe Biden and his Republican challenger, Donald Trump, on June 27 will include two commercial periods, without instruments and muted microphones except when it is recognized as speaking, CNN said on Saturday. In…
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DevourGO Now Accepts Payments via Coinbase Commerce
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It’s not a pretty picture in the Russell 2000
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Send 2000 daily This is what a regime change in the stock market looks like. On Wednesday, the Russell 2000 rose on the back of a weak CPI report and rose yesterday on the Producer Price Index. But here we are at the lows of the week and at a…