Category: Markets
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Newsquawk Week Ahead: Highlights include US CPI, US Retail Sales, UK and Australian Jobs
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Next week May 13-17: He sat down: Chinese inflation (April) Monday: Eurogroup meeting, New Zealand inflation expectations (Q2) Tuesday: OPEC monthly report, German final CPI (April), UK jobs report (April/March), German ZEW survey (May), US PPI (April) married: People’s Bank of China (PBoC) Multilateral, Riksbank Minutes, IEA OMR, Australian Wage…
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.62% 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 lost 1.62%, reaching a new low in 3 months. Among the leading stocks today, the Saudi Dairy and Food Products Company (Tadawul:) emerged,…
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Analysis-Why China’s tolerance for a cheaper currency may be temporary By Reuters
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SHANGHAI (Reuters) – Currency markets are reading subtle signals from Chinese authorities as an indication that they are slowly pushing the yuan lower to restore export competitiveness, but analysts say the yuan’s prolonged weakness is neither the goal nor what is desired. The biggest signal of tolerance for yuan weakness…
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Weekly Market Outlook (13-17 May)
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Upcoming events: Monday: New Zealand Services Purchasing Managers’ Index. Tuesday: Japanese Producer Price Index, UK Labor Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US Producer Price Index, Fed Chairman Powell’s speech. Wednesday: Australian Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing…
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Micron upgraded amid ‘unprecedented outlook for memory’ 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! Apple’s focus on AI is ‘clearly visible’ – BofA During the week, analysts at Bank of America Securities reiterated a buy rating and price…
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Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…
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France wins jobs at Morgan Stanley and other investments ahead of key summit By Reuters
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Written by Sudip Kar Gupta PARIS (Reuters) – France said Morgan Stanley will open a new European office in Paris, while two other firms announced a joint investment of 700 million euros ($753.8 million), as the country prepares to host an important annual foreign investment summit. Wall Street bank Morgan…
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At some point this will be a problem for markets
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I saw this chart today (here) and I couldn’t believe it so I checked the Census Bureau again and it was true. Current projections are that the US population will now peak at just under 370 million in 2080, but with it reaching 359 million in 2040, it’s a really…
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Arm Holdings plans to launch AI chips in 2025, Nikkei reports By Reuters
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(Reuters) – SoftBank Group arm Holdings (NASDAQ:) plans to develop artificial intelligence chips and aims to launch the first products in 2025, Asia reported on Sunday. The report added that UK-based Arm will set up an AI chip division and aims to build a prototype by spring 2025. Mass production…
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PrimeX Broker’s Mustafa Basil Announces Departure
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Mustafa Bassil, a prominent figure in the financial sector, announced in a post on LinkedIn yesterday (Thursday) that his employment with PrimeX Broker has ended. Career advancement at PrimeX Broker Basil’s tenure at PrimeX Broker has been notable, with significant contributions in various roles within the organization. Through his work…
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The godfather of quants dies: Jim Simons dead at 86
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Jim Simmons One of the greatest investors in history died today at the age of 86 His foundation. I was talking about Simmons earlier today in a webinar, so it’s a terrible coincidence that he died on the same day. Simons didn’t start investing until the second half of his…
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Latham Group reports resilient Q1 despite soft market By Investing.com
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Latham Group, Inc. (SWIM) kicked off the first quarter of 2024 with results that surpassed their own forecasts, showcasing the company’s resilience in a challenging market for the pool industry. The company’s strategic cost reductions and efficiency improvements have led to a stronger margin profile, despite a decline in net…
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TD Markets to Spotlight FMAS:24 This May
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The Finance Magnates Africa Summit (FMAS:24) attracts the finest brands and venues in the industry. This includes one of the most trusted brokers in Africa, TD Markets, whose mission is to provide transparent, secure and accessible financial solutions. Ahead of the event, Finance Magnates spoke with TD Markets CEO Amar…
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Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
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President of the Federal Reserve Bank of Chicago. Goolsbee speaks ahead of his moderated discussion with CNBC Liesman. The Fed’s inflation target is 2% after that as it is based on expectations Short-term inflation expectations are not what matters Unsurprisingly, the one-year forecast was higher At the moment there is…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
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Breadcrumb links BMN Business US small-cap stocks are as cheap as they have been in decades, but with a debt mountain of more than half a trillion dollars looming over the next five years, it will take a big risk-off signal from the Federal Reserve to attract investors. Article writer:…
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Credicorp reports strong Q1 with digital growth and stable ROE By Investing.com
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Credicorp Limited (NYSE: NYSE:), a leading financial services holding company in Peru, has reported robust first-quarter results for 2024, with CEO Gianfranco Ferrari (NYSE:) highlighting the company’s strong return on equity (ROE) and the positive economic outlook for Peru. Despite challenges such as a recent sovereign credit rating downgrade and…