Category: Markets
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SentinelOne’s Lenovo agreement may have “meaningful” earnings impact
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investment.com — Sentinel One Microsoft Corp.’s (NYSE:) new partnership with PC maker Lenovo is expected to contribute “significantly” to the cybersecurity group’s results over the next 12 months, according to analysts at Wells Fargo. The two companies announced Monday that they have entered into a multi-year collaboration to bring AI-powered…
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Dollar dragged by 50 bps Fed cut wagers By Reuters
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LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…
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Chart Art: Is WTI Crude Oil (USOIL) Ready To Extend Its Downtrend?
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US Crude Oil Prices Just Showed A Red Candle Around A Major Turning Point! Are we witnessing the possibility of Black Crack extending its long-term downtrend? The 4-hour chart may give us more clues: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed it, rising geopolitical…
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European Stocks Rise With Data in Focus Before Fed: Markets Wrap
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(Bloomberg) — European stocks rose as traders awaited a final batch of U.S. economic data that could determine the size of the Federal Reserve’s interest-rate cut on Wednesday. Most Read from Bloomberg Retail and bank stocks led gains on the pan-European STOXX 600, while moves in other markets were muted…
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USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…
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Japan stocks lower at close of trade; Nikkei 225 down 1.03% By Investing.com
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Investing.com – Japanese stocks were lower after the close on Tuesday, as losses in the industrials and services sectors led shares lower. At the end of trading in Tokyo, the Nikkei index fell by 1.03%. The best performers in the session were: to be purchased Sharp Corp (TYO:) rose 4.43%,…
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Central bank digital currency momentum growing, study shows By Reuters
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By Mark Jones LONDON (Reuters) – A total of 134 countries representing 98% of the global economy are now considering digital versions of their currencies, with nearly half at an advanced stage and pioneers such as China, the Bahamas and Nigeria seeing a resurgence in use. Research by the US-based…
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Chart Art: Potential Correction Zone on GBP/CAD
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Did you miss the GBP/CAD bullish breakout opportunity? It is best to keep your eyes on this area of interest in case a retest occurs and the trend resumes. Take a look at these turning points that I am watching on the 4-hour time frame: GBP/CAD currency pair on 4-hour…
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The bond market stays in focus in run up to the Fed tomorrow
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Monthly chart of US 2-year Treasury yields (%) This is one of the key charts to watch in the markets right now. The yield on the 2-year note remains elevated near the 3.55% level but bond investors will have to wait for confirmation from the Federal Reserve tomorrow. Additionally, the…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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Will the US retail sales report tip the scale to a 50bp Fed rate cut? The ranges to watch.
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UBS says retail sales data could tip the balance between a 25bp or 50bp rate cut: Retail sales and industrial production data… Weakness in these data could affect the Fed’s decision to cut the federal funds rate by 50 basis points instead of 25 basis points I’m not entirely sure…
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Napco director Paul Beeber trades company stock worth over $100k By Investing.com
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In a series of recent transactions, Paul Pepper, a director of Napco Security Technologies, Inc. (NASDAQ: ), traded shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. On September 12, Pepper engaged in buying and selling activities that resulted in a net sale.…
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Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters
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By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…
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Bank of Japan meeting this week – preview (no rate change expected)
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The Bank of Japan is scheduled to meet on September 19-20. The announcement will be made sometime between 0230 GMT and 0330 GMT on Friday (no firm time): 2230 – 2330 EST The last speech we heard from the Bank of Japan was hawkish (well, relatively hawkish for the Bank…
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Ginkgo Bioworks executive sells over $1,900 in stock By Investing.com
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According to the latest filings with the U.S. Securities and Exchange Commission, an executive at Ginkgo Bioworks Holdings, Inc. (NYSE: Ginkgo), a leading biotech company, recently conducted a stock transaction. Stephen P. Quinn, the company’s chief accounting officer, sold a total of 316 shares of Class A common stock on…
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Treasury yields stay on the floor as the market sees an end to high inflation
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10-Year US Treasury Yields The days of safe, high-yield investments may have ended a generation ago. Jamie Dimon is still warning about inflation, but the bond market has moved. The breakeven rate is below 2%, which means the Fed is more likely to miss its target, and nominal interest rates…
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VR and AR headsets demand set to surge on AI, lower costs, IDC says By Reuters
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Global shipments of augmented reality and virtual reality headsets are expected to grow 41.4% in 2025, supported by more affordable devices and the addition of artificial intelligence features, market research firm IDC said on Monday. Why is this important? Global shipments of augmented reality and virtual reality headsets fell 28.1%…