Category: Markets
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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Institutional investors more confident in soft landing, says Morgan Stanley By Investing.com
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Investing.com – Institutional investors are showing renewed confidence in a soft landing in the U.S., Morgan Stanley strategists said in a note on Wednesday. After holding more than 150 meetings with institutional investors in North America, equity strategists at Morgan Stanley have noticed a significant shift in sentiment toward the…
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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Weekly Market Outlook (30-04 October)
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Upcoming events: Monday: Japanese industrial production and retail sales, Chinese PMIs, German CPI, Fed Chair Powell. (Canada is on vacation) Tuesday: Japan Unemployment Rate, Bank of Japan Opinion Summary, Australian Retail Sales, Swiss Retail Sales, Swiss Manufacturing PMI, Eurozone Flash CPI, Canadian Manufacturing PMI, US ISM Manufacturing PMI, US Job…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…
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UBS chair warns against big increase in capital requirements, newspaper reports By Reuters
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ZURICH (Reuters) – UBS President Colm Kelleher warned on Sunday that Swiss government plans to boost capital requirements for major banks could harm the country’s position as a financial centre. The government earlier this year laid out plans to tighten capital requirements on UBS and the other three big banks…
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Two to watch – Fed Chair Powell speech and NFP are bookend focal points this coming week
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There will be previews for next week soon, but the two big events for next week are: Federal Reserve Chairman Powell discusses the US economic outlook at the National Association for Business Economics conference on Monday. This will be at 1300 EST on Monday, September 30 (1700 GMT). On Friday,…
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Steward Health CEO who refused to testify to US Senate will step down By Reuters
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WASHINGTON (Reuters) – Ralph de la Torre will step down as CEO of troubled Steward Healthcare next week after the U.S. Senate held him in criminal contempt for refusing to testify about cost-cutting decisions in the U.S. Senate, the company said on Saturday. The group’s 31 hospitals before it declared…
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Steward Health CEO who refused to testify to US Senate will step down By Reuters
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WASHINGTON (Reuters) – Ralph de la Torre will step down as CEO of troubled Steward Healthcare next week after the U.S. Senate held him in criminal contempt for refusing to testify about cost-cutting decisions in the U.S. Senate, the company said on Saturday. The group’s 31 hospitals before it declared…
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Investing.com’s stocks of the week By Investing.com
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Investing.com – Many stocks made headlines this week, and some saw big price moves. Here are this week’s Investing.com stocks: China stocks Several US-listed Chinese names made significant gains this week. Alibaba (NYSE:) and PDD Holdings Inc DRC (NASDAQ:) made our Stocks of the Week list, with gains of over…
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Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say By Reuters
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Written by Milana Finn and David French (Reuters) – Buyout firm TPG has emerged as the front-runner to take a $2 billion minority stake in Creative Planning, in a deal that could value the wealth management company at more than $15 billion, people familiar with the matter said on Saturday.…
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Thyssenkrupp steel head prepares staff for ‘tough’ cuts By Reuters
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FRANKFURT (Reuters) – ThyssenKrupp’s (ETR:) steel division’s new head told a German newspaper that its 27,000 steelworkers should prepare for deep cuts, paving the way for a large number of layoffs. “Strict cuts are necessary. We have to become more profitable,” said Dennis Grimm, spokesman for the executive board of…
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UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says By Reuters
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MILAN (Reuters) – UniCredit President Andrea Ursel attended a virtual meeting held by the Italian bank on Friday with Commerzbank (ETR:) after it became the German bank’s largest private investor, a source familiar with the matter told Reuters. Commerzbank’s CEO-designate, Bettina Orlop, was also present at the conference call on…
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If your AI seems smarter, it’s thanks to smarter human trainers By Reuters
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By Subantha Mukherjee and Anna Tong STOCKHOLM/SAN FRANCISCO (Reuters) – In the early years, getting AI models like ChatGPT or its rival Cohere to emit human-like responses required large teams of low-cost workers to help the models differentiate basic facts like whether a photo was of an object. A car…
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The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
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US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
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Online sellers on Walmart’s Flipkart sue India watchdog over antitrust probe By Reuters
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By Aditya Kalra NEW DELHI (Reuters) – Three online sellers working for Walmart-owned Flipkart have sued India’s antitrust watchdog over an investigation that found they, Flipkart and rival Amazon (NASDAQ:) violated competition laws, according to court filings seen by Reuters. The filings come after antitrust investigations that concluded in August…
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Healthcare hit: tech and industrials defy today’s downturn
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Stock Heat Map By FinViz.com Fri, 27 Sep 2024 13:46:15 GMT Sector overview Today’s stock market heat map reveals a diverse landscape of sector performance. It is worth noting that Health care sector Struggles with Eli Lilly (LLY) It led the decline to -2.29%. Meanwhile, technology and Industries They show…
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Why gene therapy for sickle cell is slow to catch on with patients By Reuters
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Written by Dina Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her first year of school when she returned to the hospital with severe sickle cell pain earlier this month. She does what she can to prevent the bouts of paralysis in her arms, legs…
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Why gene therapy for sickle cell is slow to catch on with patients By Reuters
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Written by Dina Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her first year of school when she returned to the hospital with severe sickle cell pain earlier this month. She does what she can to prevent the bouts of paralysis in her arms, legs…
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Canada Q3 GDP still looking soft, larger cuts on the table
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Macklem The rates market is evenly divided on whether the Bank of Canada will cut by 50 or 25 basis points on October 23. Today’s GDP report was slightly better than expected at +0.2% vs. +0.1% expected but the advance reading for August was flat. This has led to RBC…