Category: Markets
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India underperformed EM in August; defensive sectors outperformed By Investing.com
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Investing.com – In August 2024, the Indian stock market saw mixed performance, with the MSCI India Index returning a positive 0.9%. However, despite the gain, the index underperformed the emerging markets index by about 0.5 percentage points, putting India at 15th out of 24 emerging markets, Morgan Stanley analysts said…
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Dollar steady ahead of ISM release, key labor market data By Investing.com
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The US dollar steadied on Tuesday as investors looked ahead to key economic data, including US payrolls data on Friday, which could bolster an interest rate cut by the Federal Reserve later this month. At 04:05 ET (09:05 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar steady ahead of ISM release, key labor market data By Investing.com
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The US dollar steadied on Tuesday as investors looked ahead to key economic data, including US payrolls data on Friday, which could bolster an interest rate cut by the Federal Reserve later this month. At 04:05 ET (09:05 GMT), the dollar index, which tracks the greenback against a basket of…
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USDCAD Technical Analysis – The greenback gets some relief
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Basic Overview Finally, the US dollar got some respite from last week after suffering for weeks. The focus now turns to the key data this week with the ISM Manufacturing PMI due today and the Non-Farm Payrolls report due on Friday. The market is awaiting key economic data this week,…
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Illumina wins Grail battle in blow to EU merger power By Reuters
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BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
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Illumina wins Grail battle in blow to EU merger power By Reuters
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BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
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Dollar near two-week highs ahead of labour data deluge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up and held near a two-week high on Tuesday as investors braced for a slew of economic data, including U.S. jobs data on Friday, that could influence the size of an expected interest rate cut by the Federal Reserve. The…
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Dollar near two-week highs ahead of labour data deluge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up and held near a two-week high on Tuesday as investors braced for a slew of economic data, including U.S. jobs data on Friday, that could influence the size of an expected interest rate cut by the Federal Reserve. The…
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USD/JPY erases the advance from yesterday to start the session
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USD/JPY Hourly Chart The high was reached earlier today around 147.20 and also tested the overnight high. The sellers held on and since then, the traffic has been one-way now as we enter European morning trading. The USD/JPY pair has returned to the downside to around 146.00, although the buyers…
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Asian Stocks Erase Gains as Dollar Resumes Rally: Markets Wrap
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(Bloomberg) — Asian stocks were steady and the dollar and yen rose against their peers in a sign of defensiveness as traders brace for U.S. data later this week that will offer clues on an interest-rate cut by the Federal Reserve. Most Read from Bloomberg Stocks in Australia, Hong Kong…
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Bitcoin ETFs take $50 billion baby steps toward big time By Reuters
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By Susan McGee (Reuters) – Bitcoin exchange-traded funds (ETFs) are expected to attract $55 billion in assets in the first five years, Matthew Hogan told an industry panel in October. By late August of this year, about eight months after their debut, the 10 new funds approved by U.S. regulators…
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Asia markets in red, investors access South Korea’s inflation data; eyes on US jobs report
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never Asia-Pacific stock markets were mostly in the red on Tuesday, driven by investor reactions to the latest inflation data from South Korea. Traders are now awaiting U.S. payrolls data, due on Friday, along with local data from China, including a fresh set of purchasing managers’ indices. The figures are…
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ASEAN currencies rally not backed by fundamentals, says BCA By Investing.com
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BCA Research has expressed doubts about the sustainability of the recent rally in ASEAN currencies, noting that a slowdown is expected. The research firm pointed to the lack of support from economic fundamentals, stressing that the contraction in global export orders indicates an upcoming weakness in ASEAN exports, which could…
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Daily Broad Market Recap – September 2, 2024
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US and Canadian traders were enjoying the Labor Day holiday on Monday, but that didn’t stop global markets from making big moves! Crude oil saw a wave of volatility, falling sharply over the weekend, but eventually rallied to close in the green. Check out the headlines that drove the rest…
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ForexLive Asia-Pacific FX news wrap: USD/JPY heads up to 147.20, drops back under 147.00
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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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Exclusive-Russia’s Sberbank says India business booming despite Western sanctions By Reuters
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Written by Elena Fabrichnaya and Gleb Bryansky MOSCOW (Reuters) – Trade between Russia and India is booming and bilateral payments are running smoothly without the problems that have hampered trade with other countries, Anatoly Popov, deputy chief executive of Russia’s largest lender Sberbank, told Reuters. Sberbank handles up to 70%…
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Dollar dips ahead of the key jobs report By Investing.com
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The US dollar fell modestly but remained close to its highest levels in about two weeks, as investors’ attention turned to the upcoming US jobs report at the end of the week. At 18:40 ET (22:40 GMT), the pound was down 0.1% at 101.64. The pound was little changed at…
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UK data – British Retail Consortium (BRC) total sales in August, the strongest since March
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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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US futures edge higher as focus shifts to job market By Investing.com
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U.S. stock futures opened modestly higher by 0.1%, while the greenback rose by 0.3%. The yield on U.S. Treasury bonds remained relatively unchanged, as did the . Meanwhile, the yield on the 10-year U.S. Treasury note was at 3.903% at 18:05 ET (22:05 GMT). Focus shifts to the labor market…
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UBS on all time highs in equity markets – “record highs aren’t the same as market peaks”
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Via UBS, some interesting points came as the S&P 500 was just about 1% above its record high. The note looks at the total returns of the S&P 500 Index (i.e. price gains plus dividends) since 1945, and points to a downside risk of 1%. Buy at…