ADVFN US – Market Content Editor
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Investors Await CPI Data, Fed Meeting This Week
Stock futures were struggling for traction on Monday as investors looked ahead to a busy week on the economic front, with consumer prices and the last Federal Reserve meeting of the year ahead. Economists expect November consumer prices, due Tuesday, will show soft headline inflation, but a firm core reading. Producer prices are due on…
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$5.8 Billion Offer for Macy’s, Cigna Ends Acquisition Negotiations, and More
U.S. index futures were slightly down in pre-market trading this Monday, in a week marked by monetary policy decisions, the last meeting of the Federal Reserve of 2023. The yield on 10-year Treasury bonds was at 4.254%. In the commodities market, West Texas Intermediate crude oil for January fell 0.67% to $70.75 per barrel. Brent…
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US Futures Edge Down, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. MorphoSys rose 12.5% and Uniper climbed 10%. On the other hand, THG dropped…
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Top Company News of the Day: Boeing, IBM, Micron, Macy’s
Boeing Has a Frontrunner to Be Its Next CEO Stephanie Pope is expected to be promoted to operating chief, making her the likely successor to CEO David Calhoun. New York Joins IBM, Micron in $10 Billion Chip Research Complex The project at the Albany NanoTech Complex will use advanced chip-making equipment from Dutch company ASML.…
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U.S. Stocks Close Mostly Higher Following Early Volatility
Stocks fluctuated early in the trading day on Friday but moved mostly higher over the course of the session. The major averages added to the gains posted during Thursday’s session, reaching their highest closing levels in well over a year. The major averages reached new highs late in the session but gave back some ground…
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Crypto: Safe Recovery Hub Revolutionizes Crypto Recovery, Bitcoin Stays Above $43,000, and More
Bitcoin rises moderately with surprising improvement in the US job market The latest data from the United States job market showed a notable improvement, with the unemployment rate falling to 3.7%, surpassing expectations of around 3.9%. Furthermore, there was a significant increase in non-farm payrolls, reaching 199,000, exceeding the forecast of 180,000. These indicators reflect…
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US Employment Up In November
Employment in the U.S. increased by more than expected in the month of November, according to a highly anticipated report released by the Labor Department on Friday. The report said non-farm payroll employment jumped by 199,000 jobs in November after rising by 150,000 jobs in October. Economists had expected employment to climb by 180,000 jobs.…
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Stronger Than Expected Jobs Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after ending the previous session mostly higher. The futures came under pressure following the release of a highly anticipated Labor Department report showing employment in the U.S. increased by more than expected in the…
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Copper Up, Gold Steady
Copper prices edged up while gold held steady ahead of the U.S. jobs report. Commonwealth Bank of Australia expects the labor market to cool, forecasting 150,000 jobs to be added to the economy and unemployment rate of 4%, compared to the consensus of 183,000 and 3.9% respectively. A softer than expected report would likely cement…
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Bonds Rally Likely To Fade
The bond rally will likely fade as central banks might start cutting rates later than some market pricing suggests, Societe Generale Research said. “With inflation still high, global central banks are likely to keep policy restrictive for as long as they can. In this context, we believe the rally in bonds will likely run out…