Author: Bruno T
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S&P Futures Edge Up Amid Optimism for Year-End Interest Rate Cut
March S&P 500 E-Mini futures are showing an upward trend this morning, following a positive close in the regular session for three major U.S. indices. This rise is fueled by the growing expectation that the Federal Reserve may initiate interest rate cuts as early as March. During Tuesday’s session, the S&P 500 reached a near…
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Oil Exhibits a Downward Trend As the Crisis in the Red Sea is Closely Monitored
Oil is showing a downward bias after the strong gains of the previous day, as investors monitor developments in the Red Sea and some major carriers resume passage through the area, despite ongoing attacks and broader tensions in the Middle East. Benchmark indices rose more than 2% in the previous session due to fears of…
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Global shares climb, tracking advance on Wall Street
Global stock markets saw an uptick on Wednesday, with investors drawing inspiration from Wall Street’s gains as U.S. markets resumed trading post-holiday, anticipating a tranquil week with shortened trading sessions. The future contracts for major U.S. indices showed mixed movements. The S&P 500’s future contract witnessed a marginal increase of less than 0.1%, while the…
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Iron Ore Rises On Upbeat Chinese Industrial Data, Demand Hopes
Iron ore futures on the Dalian Commodity Exchange in China saw a rise for the second consecutive session on Wednesday, December 27. This increase is attributed to strong industrial data and expectations of economic stimulus, coupled with robust demand from China. The most-traded iron ore contract for May on the Dalian Exchange rose by 0.5%…
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Oil Futures Surge Over 2% Following Announcement of Resumption of Maritime Traffic in the Middle East Region
The lack of disruptions in oil supply is offsetting the support for current prices due to geopolitical tensions in the Middle East, said UBS analyst Giovanni Staunovo, adding that trading was weak and within a narrow range, typical of holiday periods. Danish shipping company Maersk is preparing to resume maritime operations in the Red Sea…
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Chicago Fed: Economy Picked Up Pace in November
U.S. economic growth picked up pace in November as production improved, data from the Federal Reserve Bank of Chicago showed Tuesday. The Chicago Fed National Activity Index rose to 0.03 in November, improving from a revised minus 0.66 in October, with the majority of indicators marking improvement. The reading below zero suggests economic activity is…
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Stock Index Futures Tick Higher on Expectations for Fed Rate Cuts Next Year
March S&P 500 E-Mini futures are up +0.14%, and March Nasdaq 100 E-Mini futures are up +0.18% this morning as trading resumed after the Christmas holiday, with investors looking ahead to earlier and deeper interest rate cuts from the Federal Reserve next year following a cooler-than-expected U.S. inflation report last week. In Friday’s trading session,…
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Intel Secures $3.2 Billion Government Grant for Its $25 Billion New Chip Plant in Israel
The Israeli government has committed to providing a $3.2 billion grant to Intel (NASDAQ:INTC)Corp for its planned $25 billion chip manufacturing facility in southern Israel, as announced by both parties on Tuesday. This development is concurrent with the ongoing conflict between Israel and the Palestinian militant group Hamas, following an attack by Hamas on Israel…
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Asian Markets Advance in Holiday-Thinned Trading But Chinese Shares Slip
Most Asian markets experienced a rise in limited holiday trading on Tuesday, with certain regional markets closed for holiday observances. U.S. futures and oil prices saw a modest uptick. In Asia, the Shanghai benchmark led the downturns, driven by significant sell-offs in technology and semiconductor stocks amid renewed concerns over trade frictions with the U.S.…
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Unemployment, PMI and Other Can’t Miss Items This Week
Last week the market finished green again with the S&P 500 finishing up almost 1%. This makes it the 8th consecutive week with the SPY finishing higher than it opened. Two of the big events last week were the Fedex (FDX) earnings and the PCE release Friday morning. Fedex missed earnings and revised down the future forecasts which…