Category: Markets
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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…
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Tech resilience amidst semiconductor slump: Analyzing today’s market vibe
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Stock Heat Map from FinViz.com Friday, September 20, 2024 13:46:03 GMT ? Sector Overview: Mixed performance across markets Today, the US stock market offers a mixed bag of performance across sectors. While some giant companies have shown resilience, others have suffered significant declines, painting a complex picture for investors. ?…
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Microsoft deal propels Three Mile Island restart, with key permits still needed By Reuters
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(Resubmitted to correct typo in the word “companies” in the third paragraph) (Reuters) – Constellation Energy Inc and Microsoft Corp said on Friday they have signed an energy deal to help restart a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart…
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Microsoft deal propels Three Mile Island restart, with key permits still needed By Reuters
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(Resubmitted to correct typo in the word “companies” in the third paragraph) (Reuters) – Constellation Energy Inc and Microsoft Corp said on Friday they have signed an energy deal to help restart a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart…
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USDCHF continues its up and down trading within trading range
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The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…
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USDCHF continues its up and down trading within trading range
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The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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US stocks start to weaken
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US stocks began to weaken, with the broader S&P and NASDAQ down by about -0.45%. The Dow Jones Industrial Average fell by -0.35%. As for the Nasdaq, it has retraced its August 22 high. Yesterday, the price moved above this level at 18014.24, but closed at 18013.98. Today’s price action…
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Credit Agricole: GBP emerges as a high-yielder post-BOE meeting
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GBPUSD Daily Following the Bank of England’s decision to hold interest rates, Credit Agricole highlights the emerging status of sterling as a high-yielding currency, supported by the possibility of future easing. Key points: Bank of England decision and future guidance: The Bank of England left interest rates unchanged in September,…
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Brazil court asks X for documents as the platform starts to comply with orders By Reuters
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BRASILIA (Reuters) – Brazil’s Supreme Court on Saturday ordered Elon Musk’s social media platform X to provide documents certifying its new legal representative in the country, as the company’s lawyers now say it will comply with court demands to be allowed to resume operations in Brazil. X was shut down…
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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Fed’s Waller: We’re at a point where the economy is strong and we want to keep it that way
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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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Harris accepts CNN invitation to second debate, urges Trump to join By Reuters
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WASHINGTON (Reuters) – U.S. Vice President Kamala Harris’ campaign said on Saturday she has accepted a CNN invitation to participate in an Oct. 23 debate and hopes to face Republican rival Donald Trump again less than two weeks before the Nov. 5 presidential election. “Vice President Harris is ready for…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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USDJPY rotating back to the downside after extension to a new high stalls
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In the morning video, I talked about the 50% midpoint of the move up from the January 2023 low at 144.581. The price has been trading above and below this level over the past two months, but this week’s rally has returned to the level, giving traders a choice: Based…