Category: Markets
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Trump win could challenge IRA policies, says Jefferies By Investing.com
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A Trump victory in the 2024 US presidential election could put the Inflation Reduction Act (IRA) at risk, according to an analysis by Jefferies. The report noted concerns about potential declines in support for renewable energy if Trump returns to office, especially since Republicans are expected to control the Senate.…
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China says “dissatisfied” with new Dutch export controls on ASML chipmaking tools By Reuters
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BEIJING (Reuters) – China is “not satisfied” with the Dutch government’s decision to expand export controls on chipmaking equipment from ASML, the commerce ministry said in a statement on Sunday. The Dutch government said on Friday it will expand export licensing requirements for ASML’s DUV (deep ultraviolet) 1970i and 1980i…
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Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets
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Bitcoin dropped below $54,000 On September 6, 2024, after rising earlier in the day to $57,000 following the US non-farm payrolls data. The report showed that the economy added just 142,000 jobs in August, which was far less than expected and threw the cryptocurrency market into a tailspin. This sudden…
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Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets
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Bitcoin dropped below $54,000 On September 6, 2024, after rising earlier in the day to $57,000 following the US non-farm payrolls data. The report showed that the economy added just 142,000 jobs in August, which was far less than expected and threw the cryptocurrency market into a tailspin. This sudden…
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US stocks open marginally higher after the US jobs report
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While the market digests the US jobs report, the stock market is also making its voice heard. The major indexes were significantly lower in the pre-market before the jobs report. Since then, all of those declines have been corrected. The major indexes are opening slightly higher. The Nasdaq was down…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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NASDAQ index leads the way to the downside
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The Nasdaq is trading at a fresh session low and its lowest since August 12. The move lower is due to a mixed/weaker US jobs report. Nonfarm payrolls rose less than expected (142K vs. 160K expected) with prior months also revised down by 86K. The unemployment rate fell to 4.2%…
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What’s next for semiconductor stocks? UBS weighs in By Investing.com
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Investing.com – The semiconductor sector has been a focus of investor interest in recent years, driven by its crucial role in technology and the global economy. However, recent market trends have introduced both opportunities and challenges to semiconductor stocks. “Semiconductor stocks came under sharp pressure as part of a broader…
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WSJ’s Timiraos: Waller does not explicitly say “25” or “50”, but leans to 25.
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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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Fed pivot, lower rates could be catalysts for ‘Green’ stocks
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Clean energy has burned many investors when easy money choked, according to Citi Research, but in the near term, a Fed shift and rate cuts could still be a catalyst for the broader green theme. “We are still not broad-based buyers of ‘green’ per se, but we see opportunities within…
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Did a flawed Goldman Sachs report roil the market on Friday?
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On Friday, shares of Nvidia fell 4%, dragging the Nasdaq to a three-week low. One of the triggers for the sell-off was a Goldman Sachs memo from Peter Oppenheimer claiming that traffic to ChatGPT was in steep decline. Goldman posted this chart, which later went viral (including in the Financial…
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Bernstein breaks down China’s robotaxi scene By Investing.com
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Investing.com – China’s robotaxi market is a rapidly evolving sector, with leading tech companies vying for dominance through technological innovation and strategic city launches. The robotaxi market is primarily based on LIDAR-based devices and advanced neural network technology, which supports fully autonomous driving at Level 4 (L4). Key players in…
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USDCAD extends to the next upside target
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The USD/CAD pair has moved to a new high and reached the next technical target at 1.35535 (see, concepts are missing for months). The price has not been above this moving average since August 7, almost a month ago. A break above this level would send traders looking towards its…
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Tariffs to reshape auto supply chains
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Investing.com – The auto sector accounts for about 11% of global trade in manufactured goods, but a storm of rising tariffs is likely to lead to a more complicated trade environment, according to analysts at Bernstein. The automotive industry boasts one of the most complex supply chains in the world,…
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Waller Q&A: Forecasts could be wrong, must be nimble as data comes in
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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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Renault CEO says sector could face billions in fines as EV sales slow By Reuters
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PARIS (Reuters) – Europe’s car industry could face fines of up to 15 billion euros ($17.4 billion) over carbon emissions as demand for electric vehicles slows. Renault “The EPA’s chief executive, Luca de Meo, said on Saturday: Carmakers face tougher EU CO2 emissions targets in 2025 with the cap on…
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Fed’s Goolsbee: Critical challenge is not letting things turn into something worse
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The critical challenge is: not to let things get worse. If you look at the beige book, you can’t look at it as exciting, on the contrary, it was a bit depressing. Points to warning signs about the economy You just want the prices to be that high as long…
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Time to turn negative on European credit, says BCA Research By Investing.com
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BCA Research issued a warning about the outlook for European credit markets in a note on Tuesday, telling investors it is time to shift to a negative view of the asset class. Analysts see European credit spreads as having “little room to narrow further from current levels,” leaving investors with…