Category: Markets
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Asia FX weak, dollar strong amid bets on smaller US interest rate cut By Investing.com
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Investing.com — Most Asian currencies fell on Monday with the Japanese yen taking sharp losses, while the dollar stabilized from a recent rebound as strong jobs data sparked bets on smaller interest rate cuts. Regional trading volumes were affected by the holiday in China, and markets are scheduled to open…
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Goldman Sachs upgraded its call on Chinese stocks to overweight
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Goldman Sachs raised its call on Chinese stocks to overweight, due to optimism over Beijing’s stimulus measures. Bloomberg (portal) with the report. In short (very): Chinese stocks could rise another 15% to 20% if the authorities fulfill their policy promises. Valuations are below historical averages, earnings could improve, and global…
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Samsung’s profit recovery seen weakening in Q3 By Reuters
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By Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics Co is expected to report a more than four-fold jump in quarterly profit on Tuesday thanks to improved demand for chips, but the pace of its recovery is weakening as it is slow to capitalize on the chips. Artificial intelligence boom. Operating…
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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Goldman Sachs on well above expectations US jobs report, see a 25bp Fed November rate cut
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Data linked from here: The jobs report came out very clear, beating even the highest estimates: (Note: If you don’t read posts like this from Giuseppe and I before important US economic releases, you will be blind) I’ve already posted some responses: And if you haven’t seen it, Goldman Sachs…
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Weekend news – Flights from all Iran’s airports cancelled
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Monday morning open levels – indicative forex prices – 07 October 2024
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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How to handle a potential Chinese ‘bazooka’ By Investing.com
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Investing.com – Recent stimulus announcements from China have investors questioning how to position themselves in the event that Beijing launches a more aggressive economic push – a so-called “bazooka” stimulus. In a note issued on Tuesday, Barclays analysts acknowledged that this is not their base case, but stressed that investors…
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Q3 earnings preview By Investing.com
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Investing.com – The third-quarter earnings season for MedTech stocks comes at a critical time, after a tumultuous second quarter that forced investors to recalibrate expectations. According to analysts at Citi Research, MedTech companies have shown some recovery since the sharp corrections seen in the second quarter, but investors remain cautious…
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Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
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Investing.com – Israeli stocks fell after the close on Sunday, as losses in sectors led shares lower. At the close in Tel Aviv, the index fell by 0.23%. The best performers of the session were Kamtek Ltd (TASE:), which rose 4.77% or 1,390.00 points and reached 30,500.00 at the close.…
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Analysis-Year of war creates cracks in Israel’s borrowing strength By Reuters
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Written by Libby George, Karen Strohecker and Stephen Shear LONDON/JERUSALEM (Reuters) – For nearly a year, the Israeli economy has weathered the chaos of a war that threatens to turn into a regional conflict, but rising borrowing costs have begun to put pressure on its financial structure. The direct cost…
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Key Market Events to Watch in the Upcoming Week
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The financial markets are bracing for a critical week, filled with important economic data, earnings reports, and geopolitical tensions. From U.S. inflation figures to the minutes from the Federal Reserve’s latest meeting, here are the top five events that are expected to move markets in the days ahead. 1. U.S.…
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Premium Forex Watch Recaps: September 30, 2024
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This week our currency strategists focused on the Eurozone CPI update and the US Manufacturing PMI update in search of potential high-quality setups. Of the four scenario/price forecast discussions this week, One discussion arguably saw both financial and technical arguments raised To become a potential candidate for overlay trading and…
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.58% By Investing.com
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Investing.com – Saudi stocks fell after the close on Sunday, as losses in stocks and sectors led shares lower. At the close in Saudi Arabia, the index fell by 1.58%. Among the leading stocks today, Al Baha Investment and Development Company (TADAWUL:) emerged, whose value rose 7.14%, or 0.02 points,…
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.58% By Investing.com
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Investing.com – Saudi stocks fell after the close on Sunday, as losses in stocks and sectors led shares lower. At the close in Saudi Arabia, the index fell by 1.58%. Among the leading stocks today, Al Baha Investment and Development Company (TADAWUL:) emerged, whose value rose 7.14%, or 0.02 points,…
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Where does the AI semiconductor ecosystem go from here? By Investing.com
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Investing.com – The trajectory of the AI semiconductor ecosystem has an evolving landscape, driven by growing demand for the computational power needed to fuel AI developments. According to analysts at Barclays, the sector is at a critical juncture as the global appetite for AI-enabled solutions, especially large language models, continues…