ADVFN US – Market Content Editor
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Dollar stabilizes as markets await key inflation data; euro under pressure
The U.S. dollar held steady on Wednesday, recovering slightly after recent losses as investors prepared for crucial inflation reports that could shape the Federal Reserve’s next steps on interest rates. At 04:45 ET (08:45 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose 0.1% to 97.820, following a 0.3% gain on…
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Gold Prices Remain Near All-Time Highs Amid Fed Rate Cut Speculation
Gold continued to trade near record levels in Asian markets on Wednesday, following gains from the previous session, as investors positioned themselves ahead of expectations for a Federal Reserve interest rate reduction next week. Spot gold climbed 0.5% to $3,646.14 per ounce at 02:17 ET (06:17 GMT), after touching an all-time high of $3,674.09/oz on…
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Oil Prices Edge Higher as Middle East Tensions and U.S.-Russia Sanctions Loom
Oil prices rose in early Asian trading on Wednesday, driven by heightened geopolitical concerns after Israel launched strikes on Hamas positions in Qatar, raising fears of supply disruptions in the Middle East. Market sentiment was further bolstered by the prospect of additional U.S. sanctions on Russian oil, following reports that President Donald Trump has called…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Eye PPI; Oracle Forecasts Surge; Novo Nordisk Announces Layoffs
U.S. stock futures were mixed Wednesday as investors awaited fresh inflation data. Economists expect the annualized producer price index (PPI) for final demand in August to match July’s pace, highlighting persistent inflation pressures ahead of the Federal Reserve’s key rate decision next week. Meanwhile, Oracle (NYSE:ORCL) posted a blockbuster booked revenue forecast, boosting pre-market trading,…
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U.S. Stocks Reach Record Closing Highs Ahead Of Inflation Data
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Tuesday. The major averages added to the gains posted during Monday’s session, reaching new record closing highs. The major averages pulled back off their highs going into the close but remained in positive…
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QMMM Stock Jumps 30% Following Move Into Cryptocurrency Sector
Shares of QMMM Holdings Ltd. (NASDAQ:QMMM) surged 30% after the company unveiled plans to expand into the cryptocurrency and blockchain AI space. The Hong Kong-based firm, known for its digital media advertising and virtual avatar technologies, intends to combine artificial intelligence with blockchain to develop cryptocurrency analytics and establish a crypto-autonomous ecosystem. QMMM plans to…
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Wells Fargo CFO Notes Strong Consumer Spending and Healthy Credit
U.S. consumers continue to spend actively and keep up with their payments, reflecting robust financial health, Wells Fargo Chief Financial Officer Mike Santomassimo said Tuesday. “Despite what you may read in terms of softening, we are seeing activity levels still to be quite strong and credit performance to still be quite good on the consumer…
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Vertical Aerospace Shares Rise Following Completion of Major Flight Test Phase
Vertical Aerospace (NYSE:EVTL) shares gained 1% in premarket trading after the company confirmed it had successfully completed phase 3 wingborne testing with its full-scale VX4 prototype, achieving stable and efficient flight performance. The aircraft exceeded expectations during piloted flights covering 250 miles (400 km), generating over 22 billion data points. Vertical Aerospace is now moving…
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Atlassian Shares Surge as Data Center Phaseout Could Drive Cloud Expansion
Atlassian (NASDAQ:TEAM) stock climbed 6% in premarket trading Tuesday following the company’s announcement to retire its Data Center products over the next six years, a move analysts say could accelerate cloud adoption and revenue growth. The transition begins in March 2026, when new Data Center license sales will end. Existing licenses and app sales will…
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Ameresco Shares Jump on Navy Partnership for AI-Optimized Data Center
Ameresco, Inc. (NYSE:AMRC) stock rose 8% following the announcement of a collaboration with the U.S. Navy to build a 100 MW AI-optimized data center and supporting energy infrastructure at Naval Air Station (NAS) Lemoore. The initiative, which Ameresco anticipates will be among its largest energy assets, includes the creation of a new microgrid with engine…