ADVFN US – Market Content Editor
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Bonds Will Outperform Other Assets In Q1
Weakening growth, slowing inflation and an uncertain political environment will create the perfect environment for bonds to outperform other assets in the first quarter of 2024, Saxo said. “Bond investors are presented with the opportunity to lock in one of the highest yields in more than 10 years,” it said. “Higher yields do not only…
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Dollar’s Gains Modest Due To Fed Interest Rates Expectation
The dollar’s gains at the start of this year have been modest due to the market’s conviction that the Federal Reserve will cut interest rates this year, ING said. Increasing long dollar positions is now viewed as a “counter-trend trade.” January and February are typically good months for the dollar, but the currency is more…
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Samsung Warning Knocks Tech Stocks
Stock futures were lower early on Tuesday as a profit warning from Samsung Electronics weighed on the technology sector. Samsung said its fourth-quarter operating profit may fall 35% as weak consumer demand for smartphones hits sales of memory chips.
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Wall Street Highlights: HPE and Juniper Networks in Negotiations, Elliott Invests $1 Billion in Match Group, and More
U.S. index futures are registering a decline in pre-market trading this Tuesday, suggesting that the enthusiasm generated by the technology-driven recovery yesterday is losing steam. At 05:46 AM, Dow Jones futures (DOWI:DJI) fell 119 points, or 0.31%. S&P 500 futures dropped 0.32%, and Nasdaq-100 futures declined 0.45%. The 10-year Treasury bond yield stood at 4.044%.…
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US Futures Slip, European Stocks Mostly Flat
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Bucher Industries AG rose 2.6% and argenx climbed 2.1%. On the other hand,…
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Top Company News of the Day: GSK, Tinder, Hewlett Packard, PepsiCo
GSK Buys Asthma-Focused Aiolos GSK said it has bought Aiolos Bio for an upfront consideration of $1 billion, with the potential for an additional $400 million. Tinder Owner Match Draws Elliott Investment The activist has a roughly $1 billion stake and intends to meet with Match to discuss ways to improve the online dating company’s…
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U.S. Stocks Close On Strong Note; Nasdaq Rises 2.2 Percent
U.S. stocks ended on a buoyant note on Monday, with the Nasdaq outperforming the other major averages thanks to hectic buying in the technology sector. A drop in bond yields, and optimism about the outlook for stocks despite recent uncertainty about the likelihood of near-term interest rate cuts helped push stock prices up. The major…
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Fed’s Consumer Credit Report Due
Atlanta Federal Reserve President Raphael Bostic is scheduled to participate in a moderated conversation on the economic outlook before the Rotary Club of Atlanta at 12:30 pm ET. At 3 pm ET, the Federal Reserve is due to release its report on consumer credit in the month of November. Consumer credit is expected to increase…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after snapping a nine-week winning streak last week. Traders may be reluctant to make significant moves ahead of the release of key U.S. inflation data in the coming days. The Labor…
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Gold and Base Metals Dipped
Base metals mostly dipped along with gold as worries around risk assets like commodities continued to build. BMI said it expects copper to average $8,800 a ton this year, “on the back of a decline in U.S. dollar strength and supply constraints.” However, it added that much of this depends on Chinese demand, with a…