Category: Markets
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Weekly Market Outlook (20-24 May)
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Upcoming events: Monday: People’s Bank of China LPR, Waller Federal Reserve Bank. Tuesday: Reserve Bank of Australia meeting minutes, Canadian Consumer Price Index. Wednesday: Reserve Bank of New Zealand policy decision, UK CPI, FOMC minutes. Thursday: New Zealand Q1 retail sales, Australia/Japan/Eurozone/UK/US flash PMIs, Eurozone negotiated Q1 wage growth, and…
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Bridger Aerospace reports record Q1 revenue in 2024 By Investing.com
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Bridger Aerospace (ticker not provided) has reported a record first-quarter revenue of $5.5 million for fiscal 2024, a significant increase from the $365,000 in the same quarter of the previous year. This increase was attributed to the early deployment of Super Scooper and surveillance aircraft to Texas and Oklahoma. Despite…
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Hong Kong Trials China’s e-CNY
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Hong Kong, the dynamic hub of Asian finance, has taken a pioneering leap into the future of digital currency. in This is the first step of its kindChina has launched a pilot program for its electronic currency CNY, or digital yuan, allowing Hong Kong residents to test this new financial…
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Hedge funds play a weak Japanese yen By Reuters
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Written by Neil McKenzie LONDON (Reuters) – Pressure on Japan to support a weak yen may have eased, but the currency’s weakness remains a headache for Tokyo. The yen has fallen 9.4% against the dollar so far this year, and appears poised for a fourth year of declines. This has…
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Baidu, Accenture downgraded to Hold 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! RBC raises its price target for Microsoft as AI remains a key driver Analysts at investment bank RBC Capital Markets raised their price target…
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Weaker loonie may not deter Bank of Canada diverging from the Fed By Reuters
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By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times before the Federal Reserve’s first move before a currency decline threatens to jeopardize inflation expectations, the average estimate of seven analysts in an informal poll showed. The weakness of the Canadian…
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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…
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Teknova sees modest revenue growth in Q1 2024 By Investing.com
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Teknova (Ticker: TKNO), a provider of clinical and lab solutions, has reported a 2% year-over-year increase in revenue for the first quarter of 2024, marking a solid start to the year. The company’s revenue also showed an 18% sequential improvement from the fourth quarter of 2023. This performance is attributed…
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Aussie Frontman of BitConnect Pleads Guilty
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BitConnect’s national promoter in Australia, John Pygaton, has pleaded guilty to his role in promoting the scam three and a half years after being charged. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the country, and held face-to-face meetings with victims to convince them to invest…
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Fed Gov. Bowman monitoring data to assess if policy is sufficiently restrictive
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Michelle Bowman Fed Governor Bowman speaks and says: Observational data for policy evaluation are sufficiently restricted. Fundamental expectations are that inflation will fall further as interest rates hold but sees risks. Remaining cautious in interest rate change decisions, and being willing to raise interest rates if the progress of inflation…
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CVD Equipment Corporation reports Q1 fiscal year 2024 results By Investing.com
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CVD Equipment Corporation (CVD), a leading provider of chemical vapor deposition systems, announced its financial results for the first quarter of the fiscal year 2024. The company reported a significant decrease in revenue compared to the same period last year, with first-quarter revenue coming in at $4.9 million, down 43%…
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Client Assets on Saxo Hit DKK 800 Billion
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Saxo Bank announced today (Friday) that client assets on its platform have reached 800 billion Danish kroner (about 116.1 billion US dollars), a record for the Danish broker, which has more than 1.2 million clients globally. Huge surge in customer assets The broker was founded in 1992, and it took…
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ECBs Vasle: Awaiting data and open to possibilities on rate path
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Speaking from the European Central Bank, Vasle says: Waiting for data and open to possibilities on the price path A cut in interest rates in June would be reasonable GDP growth in A24 appears to be better than expected. Really interested in what is happening in the United States. With…
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Alpha Bank posts record profit since 2007, eyes dividend resumption By Investing.com
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Alpha Services and Holdings, the parent company of Alpha Bank (ALPHA.AT), reported a robust first-quarter profit of €211 million for 2024, marking the highest earnings the bank has achieved since the third quarter of 2007. The bank has expressed confidence in its full-year outlook, expecting to maintain strong performance with…
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Belgian Regulator Alerts on Clones of Two Popular Trading Brands
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Major earnings releases for the week starting May 20 highlighted by Nvidia.
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Next week’s earnings calendar is arguably not over, with the most important earnings announcement scheduled for Wednesday, May 22nd when Nvidia reports earnings after the close. Summary of the most important releases: Monday 20 May Zoom in Palo Alto Networks Trip.com Tuesday 21 May Louise Take care of the brothers…
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Evercore ISI offers outlook for fed funds rate in each scenario By Investing.com
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Although interest rates are at high levels, the economy has not weakened in the way many expected. In a research note, Evercore ISI examines the impact of the Fed’s fiscal policy on interest rates, noting that compared to the pre-Covid baseline, it is likely still stimulating the economy. In other…
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Don’t give up on the US dollar yet – TD
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TD Securities outlines its strategic view on the US dollar’s path, recommending that the recent gains in the euro, pound, loonie and Swiss franc against the US dollar should fade due to the divergence in inflation and growth expectations between the US and G10 countries. the main points: Short-Term Outlook:…