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Oil Moves Higher
Oil prices moved higher in Europe on market concerns about heightened tensions in the Middle East. U.S. and British warships shot down one of the largest barrages of missiles and drones fired by Yemen’s Houthi rebels into the crucial Red Sea shipping lane, while Secretary of State Antony Blinken continued his efforts to prevent the…
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Bond Yields Fell
Bond yields fell as investors awaited the inflation data. Some analysts have warned that the market may be too optimistic about the likely pace of Fed rate cuts given that reducing inflation further may prove harder. “Importantly, absent improvements on the supply side, the outlook for continued disinflation to 2% is likely to get trickier…
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Inflation Data Likely To Be Key To Dollar Outlook
Thursday’s inflation data will likely be key to determining the near-term outlook for the dollar and U.S. rates, though it won’t be a “game-changer,” Danske Bank Research said. “We do not expect today’s CPI release to be a game-changer, as we think the figures broadly will align with consensus.” The relatively loose financial conditions around…
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Focus Fixed on Latest Inflation Print
Stock futures traded higher on Thursday ahead of the key inflation print, with tech stocks continuing to lead gains. Economists expect the consumer price index rose 3.2% year over year in December. The reading could provide evidence on whether or not the Federal Reserve will start cutting interest rates as early as March.: Overseas stocks…
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Wall Street Highlights: Mastercard’s Financial Rise, Citigroup’s $3.8 Billion Charges, and More
This Thursday morning, U.S. index futures are showing an upward trend, in anticipation of the imminent consumer inflation data and the start of the fourth-quarter financial results reporting season, a crucial period for Wall Street investors and analysts. At 05:40 AM, the Dow Jones futures (DOWI:DJI) rose 7 points, or 0.02%. S&P 500 futures were…
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US Futures, European Stocks Rise Ahead of U.S. Inflation Data
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.6% in morning trading. Rational rose 6% and Teleperformance added 4.2%. On the other hand, Viaplay Group…
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Top Company News of the Day: Google, Citigroup, KB Homes, Samsung
Google Trims Hundreds of Jobs as It Marshalls Resources for AI The cuts affect employees in divisions including hardware and internal software tools. Citigroup Taking Charges on Argentina, Russia and Its Restructuring The bank’s profit will be hit by $1.3 billion in reserves and $780 million in severance charges. KB Homes Reports Lower Revenue But…
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U.S. Stocks Move Mostly Higher Ahead Of Inflation Data
After ending the previous session on opposite sides of the unchanged line, the major U.S. stock indexes all moved to the upside during trading on Wednesday. With the upward move, the tech-heavy Nasdaq closed higher for the fourth straight session. The major averages pulled back off their best levels in late-day trading but remained in…
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Crypto: BTC ETFs Reduce Fees Amid Competition, RocketPool and HEX Surges, and More
False news of approval of Bitcoin ETF by SEC account on X shakes market On January 9th, a compromise of the SEC account on X (formerly Twitter) led to the dissemination of false information about the approval of a Bitcoin ETF, causing significant market volatility. The investigation identified that the phone number linked to the…
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Wholesale Inventories and Oil Inventories Reports Due
The Commerce Department is due to release its report on wholesale inventories in the month of November at 10 am ET. Wholesale inventories are expected to dip by 0.2 percent. At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 5th. Crude oil…