ADVFN US – Market Content Editor
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Hedge Funds Surge into Global Equities, Goldman Sachs Reports
In a notable shift in investment strategy, hedge funds have accelerated their purchases of global equities at the fastest pace seen in nearly a year, according to a recent report by Goldman Sachs. This surge in buying activity spans major stock markets from the U.S. to Japan, signaling a growing bullish sentiment among investors. Goldman…
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Market Movements: Analysts Adjust Stock Ratings and Targets
In the ever-evolving landscape of the stock market, analysts from top research firms have released a slew of updates, impacting how traders might view their investment strategies. Here’s a roundup of some notable shifts: Advanced Micro Devices, Inc. (AMD) has seen a downgrade by DZ Bank AG Research, moving from a “buy” to a “hold”…
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Tesla Exits Market Top 10, Victoria’s Secret Stock Tumbles 30% on Weak Forecast
Tesla (NASDAQ:TSLA) – Tesla exited the top 10 largest US companies by market cap for the first time in 13 months, surpassed by Visa (NYSE:V). The stock drop reflected concerns about margins and demand. Elsewhere, Tesla announced its departure from Australia’s main automotive lobby, accusing it of misleading consumers about fuel efficiency standards. The company…
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Global Markets Pause Near Record Highs as Yen Surges Amid BOJ Rate Hike Speculation
Global stock markets hovered near all-time highs while the Japanese yen experienced a significant surge as confidence grew that the Bank of Japan (BOJ) would finally begin to raise interest rates in March, making it the last of the major central banks to do so. European stocks remained steady, and Nasdaq 100 futures saw a…
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U.S. Stocks Move Back To The Upside Following Powell Testimony
Following a notable pullback to start the week, stocks moved mostly higher during trading on Wednesday. The major averages all moved to the upside on the day but remain well off their recent record highs. The major averages finished the day off their highs of the session but still in positive territory. The Nasdaq (NASDAQI:COMP)…
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Crypto: Spain Suspends WLD; Binance Halts Withdrawals in SOL and Faces Crisis in the US, and More News
Bitcoin partially recovers on Wednesday after market volatility Bitcoin (COIN:BTCUSD) reached a new all-time high by briefly surpassing $69,000 on Coinbase, repeating the feat of November 10, 2021. However, the excitement was short-lived, with a subsequent correction to $60,800 and over $1 billion liquidated due to market volatility. Nevertheless, Bitcoin showed resilience, bouncing back to…
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US wholesale inventories down by 0.3% in January
Wholesale inventories in the United States decreased by 0.3% in January compared to the previous month and amounted to $895.1 billion, according to a report by the US Census Bureau on Wednesday. The figure was revised from the advanced decline of 0.1% published at the end of February. Inventories were down 2.5% compared to January 2023. Meanwhile,…
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US job openings at 8.9 million in January
Job openings in the United States stood at 8.9 million in January, little changed from the previous month, the US Bureau of Labor Statistics reported on Wednesday. The job opening rate was unchanged at 5.3%. The Job Openings and Labor Turnover Survey (JOLTS) showed that the number and rate of hires were little changed at…
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US mortgage applications up 9.7%
Mortgage applications in the United States increased by 9.7% in the week ending March 1, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey published on Wednesday. According to the report, the average contract interest rate for 30-year fixed-rate mortgages continued to decline, falling to 7.02% from last week’s 7.04%. Meanwhile, the Refinance…
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Powell Expects Fed Rate Cuts, Warns Inflation Progress Uncertain
Federal Reserve Chair Jerome Powell said on Wednesday that the ongoing progress of inflation is “not guaranteed,” although the central bank still expects to lower its benchmark interest rate this year. “If the economy evolves as expected, it will likely be appropriate to begin easing monetary policy at some point this year,” Powell stated in…