Author: Bruno T
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USA Casts Doubt on Its Top Credit Rating Due to Fiscal Risk, Warns Moody’s
Moody’s Investors Service, the sole major credit rating agency still awarding the United States its top ‘AAA’ rating, has signaled a diminishing confidence in light of a potential government shutdown. In the event that this scenario unfolds, although “debt service payments would not be affected, and a short-term shutdown would unlikely disrupt the economy, the…
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Treasury Yields March On
The “higher for longer” rates mantra continues to reverberate around markets, a week on from the Fed’s surprise hawkish tilt. Long-term Treasury yields, traditionally subdued in Asian hours, spiked to a fresh 16-year peak, keeping the dollar close to multi-month tops to G-3 rivals the euro, pound sterling and yen. Angst over tighter financial conditions…
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Dollar Hits 10-Month High As US Yields Spike
On Tuesday, the US dollar surged to a fresh 10-month high due to a significant rise in US bond yields, reaching levels not seen since October 2007. Concurrently, the Japanese yen resumed its decline, sparking concerns among traders about potential government intervention. Federal Reserve policymaker Neel Kashkari remarked on Monday that, given the robustness of…
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Keep An Eye Out: Pre-Market Movers And Recommendations
The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserve’s hawkish tilt. Microsoft (NASDAQ:MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer. Don’t Trade Without Seeing…
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The Microsoft-Activision Deal Is Close To Overcoming Its Last Regulatory Hurdle
Microsoft (NASDAQ:MSFT) has received a significant boost in its attempt to overcome the final global regulatory hurdle for the $69 billion deal with Activision Blizzard (NASDAQ:ATVI). The UK antitrust authority stated that the tech giant’s revised deal proposal appeared to address its concerns, potentially putting an end to a wait of over a year and…
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Fed Keeps Interest Rates Unchanged And Raises GDP Forecast
The Federal Open Market Committee (FOMC) of the Federal Reserve kept the United States’ basic interest rate unchanged in the range between 5.25% and 5.50% this Wednesday, in line with market consensus. In the statement released alongside the decision, the FOMC mentioned that by maintaining the Fed Funds target rate unchanged in this afternoon’s decision,…
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Keep An Eye Out: Pre-Market Movers And Recommendations
On Wednesday, U.S. futures showed slight gains as investors anxiously awaited the Federal Reserve’s imminent interest rate decision and economic update. Here are some notable movers in the premarket U.S. stock scene today: Don’t Trade Without Seeing The Orderbook Instacart (NASDAQ:CART) shares slipped 3.2%, retracing a portion of the 12% surge seen on its inaugural…
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Klaviyo Sells Shares Above Projected Value And Raises $576 Million With IPO
Klaviyo (NYSE:KVYO), a provider of marketing and data automation services, has priced its initial public offering (IPO) above the initial range and successfully raised $576 million in the third-largest listing in the United States in a week. Klaviyo and a group of its current investors sold 19.2 million shares on Tuesday at $30 each, after…
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Instacart Raises $660 Million In IPO And Reaches Its Goal With A Market Recovery
The food delivery company Instacart (NASDAQ:CART) has priced its initial public offering (IPO) at the upper end of a previously announced range, raising $660 million in what constituted the second IPO in the US in just one week. The San Francisco-based company managed to sell 22 million shares at $30 each yesterday, according to a…
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Keep An Eye Out: Pre-Market Movers And Recommendations
U.S. futures are indicating a positive start, as markets anticipate that Federal Reserve policymakers will maintain current interest rates following a much-awaited policy-setting meeting starting on Tuesday. Additionally, Instacart shares are set to begin trading in New York after pricing its initial public offering (IPO) at the upper end of the target range. Meanwhile, the…