Category: Latest News
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Structural bull case is unfolding in copper – UBS
UBS says copper’s long-term bullish cycle is taking shape, setting the stage for additional price strength in the year ahead. In a recent research note, the bank reiterated its conviction that copper is the standout opportunity within industrial metals and a major factor behind its decision to upgrade its commodities view. “Copper remains our top…
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Bank of America Highlights Five Key Boosts for the U.S. Economy in 2026
Bank of America’s Aditya Bhave offered an upbeat perspective on the U.S. economic outlook, suggesting that 2026 could be bolstered by several significant supports even as the economy stands “at a crossroads.” Bhave highlighted what he called a “striking dichotomy between strong economic activity and soft labor data,” but said the bank’s central expectation is…
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BofA: Gold Could Surge to $5,000/oz by 2026 as Supportive Macro Forces Persist
Bank of America expects gold’s record-setting rally to continue into 2026, arguing that the same macroeconomic forces that propelled the metal higher through 2025 remain firmly in place. In its latest Year Ahead outlook, the bank notes that while gold is technically “overbought,” it is still “underinvested,” creating a backdrop where stretched valuations have yet…
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Dow Jones, S&P 500 and Nasdaq futures edge higher as CME resumes trading after data center outage
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a modestly higher open for the markets on Friday as futures trading recently resumed after a “cooling issue” at a data center halted trading on the Chicago Mercantile Exchange earlier in the morning. The trading disruption at the CME along with an early close…
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Bitcoin Bounces Back Above $91,000 as Expectations for Fed Rate Cuts Strengthen
Bitcoin (COIN:BTCUSD) staged a solid rebound on Thursday, lifting itself back above the $91,000 threshold as growing conviction around a potential U.S. Federal Reserve rate cut boosted demand for risk-sensitive assets. The cryptocurrency had briefly fallen to around $80,000 last Friday — its lowest point since April — before reversing sharply. By 06:19 ET (11:19…
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Ferrari Group Lifts Q3 Revenue by 3.5% as Organic Growth Gains Momentum
Ferrari Group (NYSE:RACE) reported a 3.5% year-on-year increase in third-quarter revenue on Thursday, reaching €83.8 million — in line with analyst forecasts — as the company delivered stronger organic growth despite ongoing softness in Asian markets. The luxury logistics specialist, known for handling high-value shipments including jewelry and timepieces, posted 6.1% organic growth for the…
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Dollar Firms Slightly but Still Heading for Sharp Weekly Loss as Fed Outlook Dominates Trading
The U.S. dollar ticked modestly higher in early Thursday trading, though overall volumes were subdued due to the Thanksgiving holiday. Despite the small lift, the currency remains on track for its steepest weekly drop since July as markets reassess the Federal Reserve’s policy direction. At 04:49 ET (09:49 GMT), the U.S. dollar index — which…
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Oil Prices Slip as U.S. Stockpiles Jump and Peace Efforts in Ukraine Gain Traction
Oil prices edged lower in Asian trading on Thursday, pressured by fresh government data showing a far larger rise in U.S. crude inventories than anticipated. Progress on a U.S.-supported peace proposal for Ukraine also added downward pressure, raising the possibility that more Russian oil could re-enter global markets. As of 21:19 ET (02:19 GMT), January…
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Gold Pulls Back After Big Week as Rate Cut Hopes and Fed Leadership Buzz Drive Markets
Gold prices slipped slightly in Asian trading on Thursday, easing from their recent surge as traders weighed growing expectations of a December interest rate cut by the Federal Reserve. Speculation surrounding who might succeed Fed Chair Jerome Powell — with markets betting on a more dovish replacement — added to the belief that U.S. rates…
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Dow Jones, S&P, Nasdaq, Wall Street, Asian Stocks Edge Higher; U.S. Labor Worries Grow; Bitcoin Jumps Back Above $91,000
Asian equities moved mostly higher on Thursday, while European markets were steady as U.S. traders broke for the Thanksgiving holiday. A new Federal Reserve survey underscored persistent weaknesses in the American labor market, reinforcing bets that policymakers may deliver another interest rate reduction in December. Meanwhile, Chinese real estate shares fell on renewed debt concerns,…