ADVFN US – Market Content Editor
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Citi Flags Short-Covering Risk as Global Equity Positioning Weakens
Global equity positioning weakened further last week as investors reduced directional exposure and added short positions across several major markets, according to Citi strategists. Strategists led by David Chew said positioning remained comparatively resilient in EuroStoxx and U.S. large-cap equities, but underlying sentiment had become more defensive. Citi identified increased short exposure in a number…
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JPMorgan Says Profit Margins and Balance Sheets Could Help Equities Absorb Higher Yields
JPMorgan strategists said global equities could absorb the recent increase in bond yields, pointing to corporate profit margins, balance-sheet leverage and broader earnings growth as factors supporting their assessment. The rise in Brent crude above $100 over the past two weeks has coincided with higher bond yields, including the U.S. 10-year Treasury yield approaching 5%.…
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Wall Street Closes Higher as AI Dealmaking Offsets Rising Bond Yields
U.S. stocks closed higher on Friday, with all three major indexes posting gains as a fresh wave of artificial intelligence dealmaking helped investors look past a bond market that continues to send borrowing costs to multi-year highs. The advance capped a positive week for Wall Street even as the 10-year Treasury yield hovered near its…
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Bank of America Cuts 2027 Luxury Forecast as Q3 Demand Growth Slows
Bank of America has reduced its 2027 forecast for the global luxury sector after industry data tracked by the bank indicated that demand growth slowed during the third quarter to date compared with the previous three months. According to the bank, global luxury demand decelerated by between 2 and 3 percentage points in the third…
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Barclays Says Oil Prices and Interest Rates May Matter More for Stocks Than U.S. Midterms
Barclays strategists said oil prices and interest rates could have a greater influence on equity markets than the outcome of the November U.S. midterm elections, as global stocks follow a pattern broadly consistent with historical pre-election seasonality. Strategists led by Emmanuel Cau said the MSCI World had declined around 3% from its summer highs, broadly…
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U.S. Index Futures Rise as Oil Prices Drop on Iran Peace Proposal: Dow Jones, S&P and Nasdaq Futures
U.S. stock futures point higher as crude oil tumbles over 2% following reports of an Iranian proposal to end the Middle East conflict and reopen the Strait of Hormuz. Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after recovering…
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U.S. Durable Goods Orders Stagnate in August, Beating Forecasts of a Decline
A report released by the Commerce Department on Friday showed new orders for U.S. manufactured durable goods unexpectedly came in nearly flat in the month of August. The Commerce Department said durable goods orders were virtually unchanged in August following a downwardly revised 0.9 percent increase in July. Economists had expected durable goods orders to…
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Conagra Says AI and Health Trends Are Influencing U.S. Snack Choices
Conagra Brands (NYSE:CAG) said artificial intelligence tools are becoming part of the way U.S. consumers choose snacks, as shoppers increasingly look for products offering specific nutritional attributes, flavours and ingredients. The food company, whose brands include Slim Jim and Hunt’s, based its findings on research that included more than 53 million shopping transactions covering 17,000…
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Goldman Sachs Cuts Global Smartphone Shipment Forecasts for 2026-28
Goldman Sachs has reduced its global smartphone shipment forecasts for 2026 through 2028, citing continued cost pressures and a growing share of premium devices that the bank expects to be less sensitive to price changes. The investment bank lowered its shipment estimates by 1 million units for 2026, 8 million for 2027 and 0.2 million…
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Akamai Shares Rise 21.3% After $11.6 Billion Anthropic Cloud Services Agreement
Akamai Technologies (NASDAQ:AKAM) shares rose 21.3% in premarket trading after the company announced a seven-year cloud services commitment with artificial intelligence company Anthropic valued at $11.6 billion. The agreement is intended to support Anthropic’s CPU computing workloads across Akamai Cloud’s distributed infrastructure. The arrangement also includes provisions under which the relationship could expand by as…