ADVFN US – Market Content Editor
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Ed Yardeni Sees Parallels to 1999 Tech Bubble in Current Market Rally
The ongoing market upswing shows signs reminiscent of the late 1990s tech bubble, with major indices hitting record levels and valuations stretching higher even as corporate earnings continue to rise, according to Ed Yardeni, founder and president of Yardeni Research. Last week, the Dow, S&P 500, Nasdaq, and Russell 2000 all posted new highs, boosted…
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Copper Gains as Supply Disruptions and Strong Chinese Demand Weigh on Markets
Copper prices edged higher in early Monday trading as concerns over supply disruptions re-emerged, coupled with steady demand from China. During morning trading on the London Metal Exchange, copper rose 0.6% to $9,996.50 per metric ton. ANZ analysts highlighted that the market could tighten further if Chile’s El Teniente mine remains offline longer than expected.…
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Dollar steadies as markets await Fed commentary and inflation data
The U.S. dollar held steady on Monday after last week’s swings, with investors focusing on a series of Federal Reserve speeches that could shed light on upcoming monetary policy, ahead of critical inflation figures. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against six major currencies, was slightly lower at 97.155.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip as Tech Earnings and Economic Data Take Center Stage
U.S. stock futures inched lower Monday as traders prepared for a week dominated by tech earnings reports and key economic indicators. Micron is among the spotlight companies, with investors watching closely for signs of momentum in the artificial intelligence sector. Meanwhile, Indian IT stocks fell following the announcement of a new U.S. H-1B visa fee,…
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Gold Maintains Highs as Rate-Cut Prospects Support Bullion
Gold prices advanced in Asian markets on Monday, remaining near last week’s record levels, driven by optimism over additional U.S. interest rate cuts following the Federal Reserve’s recent move. The metal’s gains were tempered by a modest rebound in the U.S. dollar, which has recovered from its lowest point in more than three years. Spot…
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Oil Gains Amid EU Sanctions Threat and Ukrainian Attacks
Oil prices in Asia edged higher on Monday after a week of declines, as traders considered the potential impact of new European Union sanctions on Russia and ongoing Ukrainian strikes targeting energy infrastructure. At 21:50 ET (01:50 GMT), November Brent futures rose 0.6% to $67.06 per barrel, while WTI crude gained 0.5% to $63.02 per…
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Pfizer Nears $7.3 Billion Acquisition of Weight-Loss Drugmaker Metsera – FT
Pfizer Inc (NYSE:PFE) is reportedly close to launching a $7.3 billion takeover bid for anti-obesity drug developer Metsera Inc (NASDAQ:MTSR), in what could be the company’s largest deal in two years and strengthen its position in the weight-loss drug market, the Financial Times reported Monday. The offer reportedly values Metsera at $47.50 per share in…
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Trend Followers Continue Adding Equities as Volatility Falls, Says BofA
Trend-following investors have been steadily increasing their U.S. equity positions as realized market volatility declines, according to Bank of America. The bank noted that Commodity Trading Advisors (CTAs) “have been running maximum long positions in S&P 500, Nasdaq 100 and Nikkei 225 futures for some time now,” and the easing of volatility likely encouraged continued…
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Bank of America study warns AI could upend millions of U.S. jobs
Artificial intelligence is poised to significantly reshape the U.S. labor market, with certain professions more exposed than others, according to a new report from Bank of America. The research underscores that jobs involving repetitive or routine functions—whether mental or physical—are the most susceptible to disruption. Fast food and counter staff, retail sales clerks, and cashiers…
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UBS: Wall Street’s Bull Run Still “Intact,” But Markets Reflect “a Lot of Optimism”
UBS analysts believe the U.S. equity rally remains firmly in place and could stretch into next year, though they caution that current valuations may already be factoring in “a lot of optimism.” In a note adopting a neutral stance on U.S. stocks, strategist David Lefkowitz and his team stressed that their view is not a…