Category: Markets
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Japan’s new ‘top currency diplomat’ Atsushi Mimura said “always watching” yen carry trade
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Atsushi Mimura is Japan’s Vice Minister of Finance for International Affairs, also known as the “top currency diplomat.” The Japanese Ministry of Finance is the authority in Japan to order intervention in the yen. Mimura took over the relevant department from Kanda, so he would be the one to direct…
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Canada’s Unifor union ratifies two-year contract with General Motors By Reuters
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(Reuters) – Unifor union members at Ontario auto and battery assembly plants have ratified a two-year contract with General Motors that delivers significant wage increases, the Canadian labour union said on Sunday. Unifor Local 88 union members voted 95.7% in favor of ratifying the contract that will see workers’ wages…
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Canada’s Unifor union ratifies two-year contract with General Motors By Reuters
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(Reuters) – Unifor union members at Ontario auto and battery assembly plants have ratified a two-year contract with General Motors that delivers significant wage increases, the Canadian labour union said on Sunday. Unifor Local 88 union members voted 95.7% in favor of ratifying the contract that will see workers’ wages…
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Monday morning open levels – indicative forex prices – 23 September 2024
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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…
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SK Hynix hit by double downgrade; ADI named Top Semis Pick By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! William Blair Begins Coverage of ARM and AVGO at Buy During the week, William Blair analysts began covering arm Aramex Holdings (NASDAQ:) has been…
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Four ways Google’s new CFO could improve investor visibility, multiple By Investing.com
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Investing.com – With the appointment of a new CFO, Google (NASDAQ:) has reached a pivotal moment where it can enhance communication and transparency with investors, thereby boosting confidence and improving its market multiples. Morgan Stanley analysts point out that some of the targeted initiatives undertaken by the new CFO could…
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Israel stocks higher at close of trade; TA 35 up 0.78% By Investing.com
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Investing.com – Israeli stocks were higher after the close on Sunday, as gains in the banking and financial services sectors led shares higher. At the close in Tel Aviv, the index rose by 0.78%. The best performers in the session were: Azrael Group Ltd. (TASE:), which rose 3.42% or 800.00…
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Swiss regulator investigating Credit Suisse’s final months, report says By Reuters
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ZURICH (Reuters) – Switzerland’s financial market regulator has ordered an audit into Credit Suisse’s handling of the events that led to its collapse in 2023, when it was taken over by old rival UBS, the SonntagsZeitung newspaper reported on Sunday. According to the newspaper, the Swiss Financial Market Supervisory Authority…
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Premium Forex Watch Recaps: Sept. 16 – 18, 2024
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Our currency strategists this week focused on the Canadian CPI update and the Australian employment update for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential candidate for Trade…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.41% By Investing.com
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Investing.com – Saudi Arabia stocks were higher after Sunday’s close, as gains in the banking and finance sectors led shares higher. At the close in Saudi Arabia, the general market index rose by 0.41%. The session’s top performer was Red Sea Housing Services Co. (TADAWUL:), which rose 9.88% or 5.60…
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How will EU car stocks react to central bank easing? By Investing.com
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European auto stocks may not see an immediate boost in the wake of interest rate cuts by central banks, despite hopes of increased affordability of new vehicles, Morgan Stanley noted in a note to clients on Wednesday. Historically, the sector does not react quickly to interest rate cuts, and weak…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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What the Fed decision means for markets, beyond the near term By Investing.com
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The US Federal Reserve’s decision to cut interest rates by 50 basis points has sent markets into a tailspin, but many are wondering what the long-awaited dovish shift means beyond a short-term reaction. The Fed’s move on September 19 was widely expected, with the central bank also promising another 50…
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What the Fed decision means for markets, beyond the near term By Investing.com
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The US Federal Reserve’s decision to cut interest rates by 50 basis points has sent markets into a tailspin, but many are wondering what the long-awaited dovish shift means beyond a short-term reaction. The Fed’s move on September 19 was widely expected, with the central bank also promising another 50…
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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Street calls of the week By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! South Korea . What happened? On Monday, Mizuho downgraded shares of Southern Company (NYSE:) to Neutral with a $90 price target.…
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SAIC Volkswagen says adjusting plant base “necessary” By Reuters
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HONG KONG (Reuters) – SAIC Volkswagen said on Saturday that adjusting its production base was “natural and necessary” in response to reports it would close its Nanjing plant, China’s Yicai media reported. Reuters reported this week that Germany’s Volkswagen plans to halt production at one of its combustion engine car…