Category: Markets
-
KKR raises $4.6 billion for debut North America mid-market deals fund By Reuters
•
By Echo Wang NEW YORK (Reuters) – U.S. private equity firm KKR & Co. said on Monday it has raised $4.6 billion for its first fund focused on mid-cap deals in North America, despite a tough fundraising environment where high interest rates have dampened investor appetite for debt-fueled buyouts. New…
-
Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
•
By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
-
Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
•
By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
-
5 Ways to Tell if You’re Ready to Open a Live Trading Account
•
You’ve been trading on a demo account for months now and you think you’re ready to go live. But are you really ready? Here are five signs to look for: 1. You can make profits continuously. Making consistent profits and winning all the time are not the same thing. There…
-
Fed’s Kashkari: 50 bps rate cut was the right decision
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Essent group CFO sells shares worth over $127,000 By Investing.com
•
Ascent Group Limited David B. Weinstock, Senior Vice President and Chief Financial Officer of . (NYSE:) recently sold 2,000 shares of the Company’s common stock. The transactions, which occurred on September 18, 2024, were executed at a weighted average price of $63.59 per share, resulting in a total value of…
-
Dollar bounces off lows; euro hit by weak PMI data By Investing.com
•
The U.S. dollar rose on Monday, pulling away from a one-year low hit last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.5% at 100.925, just above…
-
Chart Art: Can USD/CHF Go for a Reversal Soon?
•
This USD pair has been trading sideways recently but also appears to be forming a short-term reversal pattern. So, will the USD/CHF pair remain stuck in consolidation or could it head towards the upside soon? You better keep this neckline resistance level on your radar! USD/CHF currency pair over 4…
-
France September flash services PMI 48.3 vs 52.5 expected
•
Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
-
France September flash services PMI 48.3 vs 52.5 expected
•
Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
-
Taiwan stocks higher at close of trade; Taiwan Weighted up 1.68% By Investing.com
•
Investing.com – Taiwan stocks were higher after the close on Monday, as gains in the industrials and services sectors led shares higher. At the end of trading in Taiwan, the index rose by 1.68%. The session’s top performer was Arima Communications Corp (TW:), which rose 350.24% or 7.39 points to…
-
Asia FX muted with more Fed cues on tap; Aussie rises before RBA By Investing.com
•
Most Asian currencies moved in a narrow range on Monday, while the dollar steadied after recent losses as traders awaited a series of additional signals on the Federal Reserve and U.S. inflation. The Australian dollar was among the best performing currencies, rising ahead of a Reserve Bank of Australia meeting…
-
ForexLive Asia-Pacific FX news wrap: Gold hits a new record high
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
•
Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
-
Australian (populist swill) politicians are now actively moving to remove RBA independence
•
The Australian Greens want to end the independence of the Reserve Bank of Australia. The Greens have said they will only support changes to the RBA if interest rates are cut. Australian Treasurer Chalmers is trying to create a new monetary policy board at the Reserve Bank of Australia, but…
-
Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
•
(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
-
Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
•
(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
-
Australia preliminary Sept PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5)
•
The preliminary Australian manufacturing PMI from S&P Global Platts slips deeper into contraction at 46.7 Services decline but remain in expansion at 50.6 The composite index declined due to a decline in the manufacturing PMI, with the composite index recording 49.8. Summary of the report commentary: Manufacturing sector shrinks, registering…
-
Markets wary of Gideon Sa’ar joining government
•
The trend in yesterday’s session on the Tel Aviv Stock Exchange and in the foreign exchange market was negative, and it worsened as the day went on. This was in contrast to the global trend of a weaker US dollar, and the mixed trend on European stock exchanges and in…
-
Apollo eyes $5 billion investment in Intel, Bloomberg News reports By Reuters
•
(Reuters) – U.S. asset manager Apollo Global Management Inc (NYSE:) has offered to invest up to $5 billion in Intel Corp (NASDAQ:), Bloomberg News reported on Sunday. Apollo has indicated in recent days that it is prepared to make a multibillion-dollar equity-like investment in Intel, the report said, citing a…