Category: Markets
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What does it take for stocks to grow?
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When investors add stocks to their portfolios, they expect their value to rise. But what is driving this growth, or more precisely, what needs to happen for stocks to rise? Traditionally, the key has been a strong quarterly or annual report that beats analyst forecasts or the company’s earnings or…
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US Senate panel to weigh Novo Nordisk subpoena over Ozempic, Wegovy prices By Reuters
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WASHINGTON (Reuters) – The U.S. Senate Health Committee said on Tuesday it will vote this month on whether to subpoena Novo Nordisk (NYSE:) to answer questions about U.S. prices for weight-loss drugs Ozempic and Wegovy, which are much higher than their prices in other countries. . countries. The Senate Committee…
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Mastercard to Replace Card Numbers with Token-Based Payments across Europe by 2030
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Bearish euro sentiment is back
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Investing.com – Bearish sentiment towards the euro has returned, according to Bank of America Securities, in the wake of the European Parliament elections and rising political risks. At 08:25 ET (12:25 GMT), it was trading 0.3% lower at $1.0730, with the pair down more than a full percentage point over…
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Chart Art: Spot Gold (XAU/USD) Is at the Bottom of a Range!
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Spot gold (XAU/USD) is testing the bottom of the technical support area! Will gold experts benefit from the deal? Or will fundamentals keep buyers away? Gold (XAU/USD) daily Chart by TradingView In case you missed it, gold prices fell sharply on Friday after a stronger-than-expected US non-farm payrolls report. This…
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AUDUSD Technical Analysis – We are back at the bottom of the range
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Basic overview The US dollar returned strongly last Friday after the release of the strong US non-farm payrolls report, where the data surprised with strong growth in jobs and wages. There were also negatives such as high unemployment, but overall, we can say it was a good report. The data…
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Analysis-As Supreme Court decisions loom, a legal assault is weakening SEC’s power By Reuters
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Written by Chris Prentice and Michelle Price WASHINGTON (Reuters) – A legal attack on the U.S. Securities and Exchange Commission has diminished its powers to oversee Wall Street and is likely to worsen with two impending Supreme Court rulings. A US appeals court last week struck down a key Securities…
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Dollars hands back gains ahead of inflation data, Fed meeting; By Investing.com
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Investing.com – The US dollar fell on Tuesday, retreating from a one-month high, as yields eased ahead of key US inflation data and the Federal Reserve’s latest meeting. At 04:15 EDT (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3%…
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Chart Art: WTI Crude Oil (USOIL) Hanging Out at Area of Interest
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WTI is in correction mode as it tests the confluence of resistance levels on the 4-hour chart. Is the trend still our friend in this direction? Check out the inflection points I’m watching: West Texas Intermediate (USOIL) 4 hours Chart by TradingView Expectations of increased demand for crude oil in…
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European Futures Rise Ahead of Key US Indicators: Markets Wrap
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(Bloomberg) — European stock futures rose as traders eyed U.S. inflation data this week and the Federal Reserve’s monetary policy decision. Most read from Bloomberg Futures on the Euro Stoxx 50 rose 0.2% even as most Asian stocks fell. Treasuries crept higher in Asia, while the Bloomberg dollar gauge advanced…
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UK April ILO unemployment rate 4.4% vs 4.3% expected
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precedent 4.3% Employment change -140k vs. -100k expected Before -177 thousand Average weekly income is +5.9% vs. +5.7% 3-month/year forecast Previous +5.7%; Revised to +5.9% Average weekly income is +6.0% vs. +6.1% 3-month/year forecast precedent +6.0% Salaries may change -3k Previous -85K; Revised to -36k The unemployment rate is creeping…
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Exclusive-Japan spot work startup Timee targets July listing, sources say By Reuters
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Written by Sam Nosi and Miho Oranaka TOKYO (Reuters) – Japanese startup Timee, which operates a platform that connects workers looking for side gigs with labor-strapped companies, is targeting a July listing in Tokyo, two people familiar with the matter said. The startup, founded in 2017, aims for a valuation…
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QIR1 2024: Not Bitcoin, but Gold. What Drives CFD Industry More?
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While everyone was waiting for the Bitcoin halving, the first quarter of 2024 brought other developments that further impacted the CFD industry. One of these factors was the rise in gold prices, which attracted attention and increased the activity of retail traders. But can this continue forever, generating permanent profits…
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How the US is daring the world to find a dollar alternative By Reuters
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Written by Paritosh Bansal (Reuters) – The United States is working to reduce the pillars that support the dollar as the world’s reserve currency, and the latest blows came from some powerful Americans who question the rule of law after the conviction of Donald Trump. In doing so, it is…
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Daily Broad Market Recap – June 10, 2024
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Markets appear to be off to a slow start this week, but could this be just the calm before the storm? Stocks were in a positive mood while some risk flows emerged while profitable companies also made gains. Read on to see how the rest of the major currencies are…
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Australian May business confidence -3 (prior 1.0)
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National Australia Bank Business Survey May 2024 Business confidence -3 Previously reviewed to 2 Working conditions 6 Before 7 Conditions tend to be a more objective measure than confidence (feelings). ugly. Inflation indicators are not encouraging: Quarterly growth in retail prices jumped to 1.6% from 1.0% Increase in labor costs…
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Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say By Reuters
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Written by Greg Roumeliotis and Milana Finn (Reuters) – Acquisition company Apollo Global and Kendrell Holdings, an information technology services provider that has been spun off… IBM (NYSE:) is in talks about a joint bid for DXC Technology (NYSE:), people familiar with the matter said Monday. Apollo and Kendrell discussed…
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Virtu Financial Seeks $500 Million in Debt Restructuring
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Virtu Financial announced that it is seeking $500 million in financing to restructure primary debt. According to the company, the first lien notes are intended to improve Virtu Financial’s financial position by repaying existing debt and positioning the company for growth. Virtu restructures debt According to the press release, Virtu…
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EUR/USD set for more pain, Macquarie says, as political uncertainty strikes again By Investing.com
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Investing.com — It was hit hard on Monday as winds of political uncertainty quickly emerged on the continent, prompting calls for more pain ahead for the single currency. “We are committed to our view that EUR/USD will reach 1.05, and remain there, in the second half of 2024,” Macquarie said…