ADVFN US – Market Content Editor

White House Says $14.1 Billion U.S. Steel Sale Deserves ‘Serious Scrutiny’ Under the deal, Japan’s Nippon Steel would acquire one of America’s most storied industrial enterprises. Nike Sends Warning About Slowing Consumer Spending Sneaker giant cuts revenue outlook and outlines cost-cutting plan to save up to $2 billion Sumitomo Life to Buy Singapore Insurer in…

The U.S. economy unexpectedly grew by less than previously estimated in the third quarter of 2023, the Commerce Department revealed in a report released on Thursday. The report said real gross domestic product jumped by 4.9 percent in the third quarter, reflecting a downwardly revision from the previously reported 5.2 percent surge. Economists had expected…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the sell-off seen late in the previous session. The upward momentum on Wall Street comes as traders may see yesterday’s sell-off as an opportunity to pick up stocks at somewhat reduced levels following the…

Copper prices fell on signs of weakening consumption in China this month, while aluminum was down and gold broadly flat as the market continued to price in interest-rate cuts and geopolitical risks. The lithium market is likely to remain oversupplied for several years, before falling back into deficit from 2027 as demand growth again outpaces…

Oil prices were higher after falling earlier in the trading session on concerns over weak demand after the U.S. reported an unexpected increase in crude inventories. Prices were higher for three consecutive sessions this week, boosted by fears of global trade disruptions as more companies paused shipments through the Red Sea due to escalating attacks…

The inverted yield curve should normalize again next year, J.P. Morgan Asset Management said. Central banks will respond to the expected slowdown in economic demand and in inflation with sharp interest rate cuts, it added. “Yields at the short end of the curve are therefore likely to fall below yields at the long end over…

The euro could extend its gains against the dollar toward $1.10 if PCE price data on Friday come in on the weak side and keep the bond rally intact, Swissquote said. “The current cup and handle formation in the EUR/USD is a bullish technical formation and could be interesting for entering fresh long positions.” Traders…