Category: Latest News
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Euro Firmer, Dollar Down
The euro was firmer as the dollar turned lower, but difficult economic conditions in the eurozone might constrain its progress, CPT Markets said. The European Central Bank could face mounting pressure to reduce interest rates if economic indicators continue to deteriorate, weakening the euro, CPT said. Money markets price in 160 basis points of ECB…
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S&P 500 Futures Nudge Higher After Weak Start to the Year
Stock futures nudged higher on Thursday, as Wall Street looked to stabilize after a poor start to the year. Equity bulls will be hoping that data continues to show economic activity slowing to the extent that it helps the Federal Reserve achieve its 2% inflation target, but not by so much that it indicates a…
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Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More
U.S. index futures are showing a slight uptick in pre-market trading this Thursday, following four consecutive days of decline in the Nasdaq Composite. At 04:02 AM, Dow Jones futures (DOWI:DJI) rose 42 points, or 0.11%. S&P 500 futures rose 0.08%, and Nasdaq-100 futures rose 0.09%. The yield on 10-year Treasury bonds stood at 3.931%. In…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. Next added 5.2% and Rational added 3.5%. On the other hand, Evotec sunk…
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Top Company News of the Day: BAE, Next, SpaceX, Intel
BAE to Restart Howitzer Production to Meet Rising Demand The British defense company said it will resume making M777 Howitzer parts for the U.S. Army after the big gun’s success in Ukraine. Next Hikes Profit Forecasts Again Next raised its pretax profit guidance for fiscal 2024 after sales in the pre-Christmas business period were better…
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U.S. Stocks See Further Downside As Fed Minutes Highlight Uncertainty
After kicking off the new year on a downbeat note, stocks saw further downside over the course of the trading session on Wednesday. The major averages all fell on the day, with the tech-heavy Nasdaq closing lower for the fourth consecutive session. The major averages dropped to new lows for the session going into the…
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Crypto: Volatile Bitcoin with ETF Anticipation, Etherscan Acquires Solscan, and Latest Updates
Bitcoin and other cryptocurrencies fall on Fed and ETF expectations On Wednesday, Bitcoin (COIN:BTCUSD) faced a 4.5% drop, reaching US$42,930, influenced by the expectation of news from the Federal Reserve and the possible approval of a Bitcoin ETF. Other cryptocurrencies such as Ether (COIN:ETHUSD), Solana (COIN:SOLUSD) and XRP (COIN:XRPUSD) also saw significant drops. These fluctuations…
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Manufacturing Activity and Job Openings Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of December at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 47.1 in December from 46.7 in November, but a reading below 50 would still indicate a contraction. Also at 10 am ET,…
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Renewed Interest Rate Uncertainty May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after starting the new year on a downbeat note. Concerns investors have become too optimistic about the likelihood of near-term interest rate cuts may weigh on the markets ahead of the release of the…
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Gold and Metals Down
Base metals and gold edged lower as a stronger dollar added pressure to risk assets. ING said gold investors will be eyeing this week’s jobs data, with Fed policy likely to be led by key economic data releases. “We believe that the Fed policy will remain key to the outlook for gold prices in the…