Category: Latest News
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Base Metals Down
Most base metals were lower in Europe on a stronger dollar and renewed concerns over China’s demand outlook after the country left its key policy rates unchanged. “The appetite across the [London Metal Exchange] remained lacklustre, as volatility is being sold across the board,” Sucden Financial said. “Moreover, the [People’s Bank of China] has kept…
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Oil Prices Edge Up
Oil prices edged higher but current sentiment is divided between concerns over weaker economic growth and escalating tensions in the Middle East following fresh attacks from Iran-backed Houthis on U.S. ships. Recent attacks in the Red Sea are fuelling fears of a broader regional conflict in the Middle East, but oil production hasn’t been directly…
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Euro To Weaken In Medium Term
The euro is expected to move in a range against the dollar in the near term and to weaken in the medium term, Danske Bank Research said. “While our forecast for the Federal Reserve and the European Central Bank suggests upside risk to the cross in 1Q, we stress that a broader central bank pricing…
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Central Bank Rate Cuts Can’t Yet Be Predicted
It’s too early to be conclusive about the level of central-bank rate cuts this year, according to Gita Gopinath, deputy managing director of the International Monetary Fund. “The markets are expecting central banks to cut rates pretty aggressively–I think it’s a bit premature to make that conclusion,” she told a panel discussion at the World…
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Stock Futures Fall as Bond Yields Top 4%
U.S. investors returned from the extended weekend in a cautious mood, with equity index futures softer as traders eyed benchmark borrowing costs climbing back towards 4% and awaited the resumption of the corporate earnings season. Treasurys were playing catch-up to Monday’s jump in German bund yields after European Central Bank governing council member Robert Holzmann…
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Wall Street Highlights: Apple Cuts iPhone Prices in China, Microsoft Launches Copilot Pro Subscription, and More
In Tuesday’s pre-market, U.S. index futures indicate a lower opening, as investors and analysts eagerly await the release of earnings reports from major banks, which promise to offer valuable insights into the current condition of the American consumer and the broader economic outlook. At 5:26 AM, Dow Jones futures (DOWI:DJI) fell 196 points, or 0.52%.…
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US Futures, European Stocks Drop
U.S. futures for the S&P 500 were down 0.6% and futures for the Dow Jones Industrial Average decreased 0.5%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.8% in morning trading. Viaplay Group Series B rose 30.6% and Ocado Group climbed 4.9%. On the…
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Top Company News of the Day: Northvolt, Kroger, Albertsons, Rio Tinto, Goldman Sachs
Chinese Property Stocks Fall on Subdued Sentiment Following Weak Sales Chinese property stocks fell in Hong Kong on subdued investor sentiment, with companies reporting weaker contracted sales for December and the full year of 2023 as the property sector downturn continues. Global Battery Race Heats Up With Billions for Europe’s Northvolt The startup plans to…
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Top Company News of the Day: Boeing, GM, Adidas, JPMorgan
Boeing Faces Longer Wait to Resume MAX Deliveries in China More safety checks are being planned on the undelivered planes following the Alaska Airlines blowout. ‘This Has Been Going on for Years.’ Inside Boeing’s Manufacturing Mess. Outsourcing worried engineers and sparked battles over quality before a door plug blew out on an Alaska Airlines plane…
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S&P 500, Nasdaq Inch Higher But Dow Posts Modest Loss
With traders digesting earnings news from several big-name companies as well as the latest U.S. inflation data, stocks fluctuated over the course of the trading session on Friday. While the S&P 500 and the Nasdaq eventually ended the session slightly higher, the narrower Dow showed a modest move to the downside. The S&P 500 inched…