Category: Markets
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Trump Media dismisses auditor BF Borgers amid SEC fraud charges By Reuters
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(Reuters) – The media and technology company owned by former US President Donald Trump said it replaced its auditor, BF Borgers, after the US Securities and Exchange Commission accused the accounting firm of committing “large-scale fraud” on Friday. Trump Media and Technology Group said in a filing with the Securities…
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Taurex Promotes Industry Veteran Mark Sheng as Commercial Director
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trading industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data By Investing.com
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Investing.com – The US dollar steadied on Monday after falling the previous week on weaker-than-expected non-farm payrolls data, prompting traders to raise the timeline for possible interest rate cuts from the Federal Reserve this year. At 04:31 EDT (08:31 GMT), US Dollars, which tracks the greenback against a basket of…
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AUDUSD Technical Analysis – The pair is at a key resistance ahead of the RBA
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The US dollar weakened across the board last week due to a more pessimistic-than-expected FOMC decision, as the Fed decided to signal a further tapering of the QT period starting in June, and Fed Chair Powell also repeatedly backtracked on interest rate hike expectations. . Furthermore, data released on Friday…
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European markets in green, extending global rally (EUR:USD)
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Da-kook/E+ via Getty Images London (UKX) is closed for the bank holiday Germany (DAX:IND) +0.29% Germany’s services PMI improved to 53.2 in April France (CAC:IND) +0.16% France’s services PMI rose to 51.3 in April The services PMI and composite PMI rose to an 11-month high in the euro zone. Spain’s…
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KKR to buy India’s Healthium Medtech at $839 million valuation, sources say By Reuters
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MUMBAI/BENGALURU (Reuters) – Global investment firm KKR will buy Indian medical device maker Healthium Medtech from UK-based Apax Partners in a deal that three sources familiar with the matter say is worth 70 billion rupees ($838.60 million). Helthium and Apax did not immediately respond to Reuters’ requests for comment, while…
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Dollar soft on renewed rate cut bets; yen starts week on back foot By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday as a weak U.S. jobs report boosted bets that the Federal Reserve may cut interest rates this year, while the yen fell after suspected intervention last week sparked a wave of volatility. Last week, the…
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Spain April Final Services PMI 56.2 vs. 56 expected
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Services PMI: 56.2 vs. 56 expected and 56.1 previously. Composite PMI 55.7 vs. 55.3 previously. Key findings: Stronger gains in activity, although new business growth slows. The numbers of jobs are increasing sharply. Inflation rates remain high. comment: Commenting on the PMI data, Jonas Wildhusen, Junior Economist at Hamburg Commercial…
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Australia’s Qantas to pay $79 million to settle flight cancellation case By Reuters
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Written by Byron Kay and Poonam Behura SYDNEY (Reuters) – Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a lawsuit before a regulator over the sale of thousands of tickets on already-canceled flights, in an attempt to end the reputation crisis that has engulfed the airline.…
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Asia FX dips as dollar steadies from payrolls plunge; yen reverses course By Investing.com
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Investing.com — Most Asian currencies fell on Monday as the dollar stabilized from Friday’s decline after weaker-than-expected jobs data led markets to increase bets on interest rate cuts by the Federal Reserve. The Japanese yen was the worst performer in Asia, as it reversed course after clear government intervention last…
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ECB’s Lane says Confidence on getting inflation lower is improving
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The European Central Bank’s chief economist, Philip Lane, spoke in an interview with the Spanish newspaper El Confidencial: Essentially, what we said in April was that if our level of confidence improved in inflation generally returning to our target, it would be appropriate to lower the current level of interest…
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Wall Street dives into Amgen’s diverse biopharma strategies By Investing.com
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Amgen Inc (NASDAQ:AMGN). Update the financial material Amgen Inc. continues In being a prominent force in the biopharmaceutical sector, with a focus on developing innovative treatments for serious diseases. The company’s involvement in areas such as oncology, cardiovascular disease, bone health, neuroscience, nephrology, infections, rare diseases, and its strategic interest…
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PBOC is expected to set the USD/CNY reference rate at 7.2127 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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US stock futures rise as weak payrolls put rate cuts back on the menu By Investing.com
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Investing.com — U.S. stock index futures rose in afternoon trade on Sunday, following a strong session on Wall Street after weaker-than-expected labor data increased investors’ bets on a September interest rate cut. Some strong earnings also boosted sentiment, especially those from iPhone maker Apple, which reported a smaller-than-expected decline in…
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JP Morgan trim back estimates for ECB rate cuts in 2024 to 75bp, from 100 previously
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Atos board reported to be meeting Sunday to review takeover bids By Reuters
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PARIS (Reuters) – The board of directors of French technology company Atos is scheduled to meet on Sunday evening to consider takeover offers, including one from Czech businessman Daniel Kretinsky, newspapers Les Echos and Le Figaro reported. Atos, which provides communications for the French army and is set to manage…
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Weekend – “Yellen counsels caution on currency intervention after surge in yen”
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US Treasury Secretary Yellen spoke over the weekend He added: “I will not comment on whether they intervened or not. I think this is just a rumour.” He said that the yen “moved slightly over a relatively short period of time.” “We expect that these interventions will be rare and…
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Wall Street delves into Alibaba’s strategic moves By Investing.com
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Explore the opinions of Wall Street experts with this ProResearch article, which will be available exclusively to InvestingPro subscribers soon. Delve deeper into the financial world with additional reports now available exclusively to Pro subscribers, including in-depth analysis of key players such as Pfizer (NYSE:) (PFE), Shopify (NYSE:) Inc. (SHOP),…
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Greenback strength to persist on delayed Fed rate cut calls By Reuters
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Written by Sarobiya Ganguly BENGALURU (Reuters) – The US dollar’s rise will remain steady and may trade more strongly than expected in the coming months if policies from the Federal Reserve and other major central banks diverge, according to forex strategists polled by Reuters. The dollar has recovered from the…
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Premium Forex Watch Recaps: April 29 – May 3, 2024
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Global employment updates, easing tensions in the Middle East, and the Federal Reserve’s latest statement were some of the biggest drivers this week, leading our strategists to focus primarily on the US dollar and the US Dollar. Out of six discussions, Only two scenario/price forecasts saw both financial and technical…