Category: Markets
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Tech firm executives to testify before US Senate about election threats By Reuters
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(This story was corrected to remove an incorrect listing of an Adobe (NASDAQ:) executive testifying in paragraph 2.) Written by Kanishka Singh WASHINGTON (Reuters) – Executives from major technology companies including Google, Adobe, Microsoft and Meta Platforms are scheduled to testify next week at a U.S. Senate Intelligence Committee hearing…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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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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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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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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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…
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U.K. Economic Growth Stagnated in July 2024
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The latest update on UK economic activity reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors, likely leaving the Bank of England in a delicate position as it considers future monetary policy decisions. Key points: UK GDP recorded no growth (0.0%) in July…
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Nasdaq 100 Climbs 1% as Nvidia Leads Tech Rally: Markets Wrap
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(Bloomberg) — A rally in shares of some of the world’s biggest technology companies spurred a stock market rebound in a volatile session as traders digested faster-than-expected inflation data. Most Read from Bloomberg The S&P 500 pared losses after falling more than 1.5% earlier in the day. The Nasdaq 100…
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Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading
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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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EU lawmakers push for new ‘dynamic pricing’ rules after Oasis fans complain By Reuters
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By Martin Coulter LONDON (Reuters) – European Union lawmakers are backing calls for new rules on the use of “dynamic pricing” when selling goods online after fans of Oasis complained about hugely inflated ticket prices for a series of sold-out concerts by the British band. Last month, thousands of fans…
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Mixed results for the European indices on September 11
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European indices close today’s trading with mixed results, on September 11. A screenshot of the final levels shows: German DAX, +0.34% French CAC index -0.14% UK FTSE 100 Index -0.15% Spain’s IBEX rises 0.67% Italian FTSE MIB -0.12% As London/European traders look to the exit, the Dow Jones leads the…
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Angel Studios to go public via $1.6 billion SPAC deal By Reuters
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(Reuters) – Angel Studios Inc said on Wednesday it will go public in the United States through a merger with Southport Acquisition Corp in a deal valued at $1.6 billion. The company, whose film “The Sound of Freedom” was among the top 10 grossing films in the United States last…
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Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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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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Oppenheimer sees more favorable setup for consumer staples stocks By Investing.com
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Oppenheimer analysts see a more favorable setup for consumer staples stocks as the market anticipates a rate cut from the Federal Reserve. “Fed easing has historically been positive for consumer staples stocks, and the group has generally outperformed during periods of low 10-year Treasury yields,” Oppenheimer wrote. Their analysis shows…
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BCA Research predicts US dollar rebound amid global trade worries By Investing.com
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BCA Research provides insights into expected monetary policy actions by central banks in China and the United States. The research firm expects Chinese authorities to cut interest rates on existing mortgage loans, while the Federal Reserve is expected to begin a monetary easing cycle. According to BCA Research, a 100…
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Feeding the gold beast | Forexlive
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Bulls have been panting and panting for the past three weeks but have yet to open the door for a stronger technical breakout. Gold prices have been consolidating in a tight range lately and it is safe to say that the next trade is to go with the breakout that…
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GameStop slumps premarket after video game retailer says it will issue new shares By Investing.com
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GameStop (NYSE:) shares fell more than 9% in premarket trading in the United States after the video game retailer said it would issue more shares despite reporting a decline in second-quarter revenue. The company, which became known as a focal point of the “meme stock” craze at the start of…
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Daily Broad Market Recap – September 10, 2024
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With not much new catalyst to consider, markets are starting to position themselves ahead of expected data releases on Wednesday and Thursday. What headlines moved the major assets anyway? We discuss the most important market drivers on Tuesday: Headlines: Westpac: Australian Consumer Sentiment The consumer price index fell 0.5% from…
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A light one on the data docket in European trading today
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The bond market is in the driver’s seat and traders don’t seem to want to wait for the Fed next week. The 10-year Treasury yield is now at its lowest since June of last year and the 2-year yield is threatening to go even higher on the charts now: Monthly…
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Taiwan stocks lower at close of trade; Taiwan Weighted down 0.38% By Investing.com
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Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the Industrials and Services sectors led shares lower. At the close in Taiwan, the STOXX 500 index fell 0.38% to its lowest level in a month. The session’s top performer was Meiloon Industrial Co Ltd (TW:),…
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Asia FX firms, yen at 8-mth peak as dollar retreats after presidential debate By Investing.com
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Most Asian currencies rose on Wednesday as the dollar weakened in the wake of a heated U.S. presidential debate, with focus shifting to key inflation data due later in the day. The Japanese yen was among the biggest beneficiaries of the trade, with safe-haven demand after the discussion sending the…