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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Advance as Inflation Data Looms; Global Politics and Oil Gain Attention
U.S. stock futures moved slightly higher on Monday as investors weighed the potential for Federal Reserve interest rate cuts later this month. Key inflation figures scheduled for release this week are likely to influence market expectations, while political developments in France and Japan, alongside rising oil prices, are shaping sentiment. Futures See Modest Gains By…
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Dollar Edges Down as Fed Meeting and Global Politics Take Center Stage
The U.S. dollar eased slightly on Monday, extending declines from Friday after weaker-than-expected U.S. employment figures bolstered expectations of a Federal Reserve rate cut later this month. By 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against six major currencies, fell 0.1% to 97.590, following a 0.5% drop on Friday. Markets Anticipate…
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Gold Nears Record Highs as Fed Rate-Cut Speculation Builds
Gold prices hovered close to historic levels on Monday, following last week’s sharp rally, as weak U.S. employment data strengthened expectations of an imminent Federal Reserve interest rate cut. Spot gold remained steady at $3,585.68 per ounce, slightly below Friday’s all-time high of $3,600.03, while December futures fell 0.7% to $3,626.52 per ounce by 01:39…
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Oil Prices Rise as OPEC+ Slows October Output Increases
Oil markets edged higher in Asian trading on Monday, buoyed by expectations of tighter supply after OPEC+ decided to raise production at a slower rate in October. Continued geopolitical tensions, particularly the Russia-Ukraine conflict, added support, while U.S. attempts at a ceasefire have yet to make substantial progress. Brent crude for November delivery rose 0.6%…
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Strategist Outlines 3 Conditions for U.S. Stock Rally to Continue
U.S. stocks have shown impressive resilience since April, with the advance broadening notably from July onward. However, analysts at Raymond James caution that the market’s strength depends on three key factors. “This resilient U.S. equity market since April, which has broadened out meaningfully since July, has been built on three key conditions, in our opinion.…
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BofA: Equities outpace bonds as market leadership expands
Bank of America reported that stocks outperformed bonds and cash last month, reflecting investor appetite for risk, with indications that market leadership is extending beyond just mega-cap stocks. The S&P 500 rose over 2% on a total return basis, compared with investment-grade corporate bonds up 1.06% and Treasury bills gaining 0.39%. Gold led asset classes,…
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Strategist Says Three Conditions Must Hold for U.S. Stock Rally to Last
Since April, U.S. equities have delivered a resilient rally that broadened considerably from July onward. Still, Raymond James analysts warn that the market’s durability hinges on three essential pillars. “This resilient U.S. equity market since April, which has broadened out meaningfully since July, has been built on three key conditions, in our opinion. Strong earnings…
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Apple set to ’modestly’ hike iPhone prices for first time in seven years: MS
Apple (NASDAQ:AAPL) is preparing to raise iPhone prices for the first time in seven years with the launch of the iPhone 17 series on September 9, Morgan Stanley analysts said. They noted the company will “modestly” increase prices across several models, a move seen as a potential positive for earnings. “We believe the iPhone 17…
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U.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower
After failing to sustain an initial move to the upside, stocks came under pressure in early trading on Friday. The major averages pulled back into negative after reaching new record intraday highs. The major averages climbed well off their worst levels as the day progressed but still closed in negative territory. The Dow slid 220.43…
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September Seen as a Risky Month for Stocks, Yardeni Warns
September has historically been a challenging month for U.S. equities, and Yardeni Research cautioned that this year could bring renewed volatility, even as broader markets remain resilient. The firm noted that the S&P 500 may have already reached a recent high of 6,501.86 in August. Despite Nvidia posting strong results, neither its shares nor the…