Category: Markets
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Asia shares fall, oil set for weekly gains on Mideast risks By Reuters
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By Ray Wee SINGAPORE (Reuters) – Asian stocks fell on Friday while oil prices headed for their biggest weekly gain in more than a year, as rising tensions in the Middle East kept markets on edge ahead of the U.S. jobs report due later in the day. US President Joe…
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Daily Broad Market Recap – October 3, 2024
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Caution ahead of Friday’s US non-farm payrolls report may have kept overall volatility in check, but asset-specific catalysts could still bring some movement to major markets. So, what were the headlines that stole the show on Thursday? Let’s break it down below: Titles: Bank of Japan Member Asahi Noguchi It…
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Australian housing finance data, August 2024: Home loans +0.7% m/m (prior +2.9%)
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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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Republican Party’s top bank Chain Bridge raises $41 million in US IPO By Reuters
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(Reuters) – Series Bridge Bancorp Bank of America (NASDAQ:), a bank popular among Republicans since its inception, priced its U.S. initial public offering at $22 a share on Thursday to raise $40.7 million. The bank sold 1.85 million shares in the IPO, with an estimated value of about $141 million.…
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UK vehicle traders and manufacturers want strong fiscal incentives from government
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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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UK vehicle traders and manufacturers want strong fiscal incentives from government
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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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US awards up to $510 million to boost domestic production of protective gear By Reuters
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(Reuters) – The Biden administration said on Thursday it had granted up to $510 million to boost domestic production of personal protective equipment such as isolation gowns to restock the Strategic National Stockpile in preparation for future public health emergencies. . Why is it important The US SNS, the country’s…
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Spirit Airlines in talks with bondholders over terms of potential bankruptcy filing, WSJ reports By Reuters
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(Reuters) – Spirit Airlines is in talks with bondholders about the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways (NASDAQ:), the Wall Street Journal reported on Thursday, citing people familiar with the matter. Spirit shares fell 18% in after-market trading. Spirit Airlines…
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Bitcoin creator Satoshi Nakamoto has been identified – will be revealed in a TV show!
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A TV documentary filmmaker says he has found the identity of Satoshi Nakamoto, the fake name used by the creator of Bitcoin. The name will be revealed in a new HBO documentary, scheduled to air on Wednesday, October 9 at 9 p.m. EST. POLITICO With the head raised, adding: Interestingly,…
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US senators urge DOJ action against Boeing executives over safety woes By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – Two U.S. senators criticized the Justice Department’s plea agreement with Boeing in July and said the government should take action against the planemaker’s executives “responsible for safety failures,” according to a letter seen by Reuters. Democratic Senators Elizabeth Warren and Richard Blumenthal said…
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Capital Daily sees further GBP decline amid BoE policy stance By Investing.com
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The British pound on Thursday saw a significant decline, which Capital Daily analysts attribute to a combination of factors including the Bank of England’s (BoE) dovish monetary policy outlook, the currency’s high valuation, and extended speculative positions. The pound’s more than 1% drop against both the US dollar and the…
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Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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A strike by dockworkers was expected, and retailers stocked up Retailers have about two weeks of extra inventory, and there will be an impact after that The dockers’ strike may have impacts on the supply chain, which could mean some price increases We have succeeded in reducing the inflation rate…
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Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say By Reuters
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By Julie Chu, Amy Jo Crowley, and Hadeel Al-Sayegh HONG KONG/LONDON (Reuters) – Sheen is set to hold informal investor meetings in the coming weeks on its planned London initial public offering (IPO), pushing ahead with preparations while it awaits approval from UK regulators, three sources familiar with the matter…
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Oil price climbs to 6-week high, breaks key resistance levels
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The price of crude oil rose today and broke above the double top on the hourly chart as well as the 50% midpoint of the move down from the August 13 high. These levels come in at $72.36 and $72.67, respectively. A break to the upside took the price towards…
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Swedish union files lawsuit against Tesla over labour conflict By Reuters
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Written by Isabel Carlson STOCKHOLM (Reuters) – Swedish labor union IF Metall has filed a lawsuit against Tesla Inc (NASDAQ:), alleging the company failed to inform employee representatives of changes in the workplace, which is mandatory under the country’s labor laws, union officials said on Thursday. This was the second…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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US weekly initial jobless claims 225K versus 220K expected
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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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Levi Strauss, Tesla, Stellantis fall premarket; EQT Corporation rises By Investing.com
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Investing.com – US stocks fell on Thursday, with traders nervous ahead of Friday’s important monthly jobs report and as tensions in the Middle East remain fraught. Here are some of the biggest movers of US stocks in the pre-market today Levi Strauss (NYSE:) stock fell 11% after the jeans maker…
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Dollar strengthens ahead of key payrolls release; Middle East turmoil helps By Investing.com
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Investing.com – The US dollar rose on Thursday, benefiting from strong employment data as well as uncertainty caused by unrest in the Middle East. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 101.597, not far from…