ADVFN US – Market Content Editor
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Bonds May Fall Further
The 10-year Treasury yield may fall further, based on technical charts, UOB’s Global Economics & Markets Research said. The pace and extent of the 10-year yield’s decline over the past month has exceeded UOB’s expectations, and the 10-year yield could continue to drop over the next two months. However, any further fall will likely encounter…
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Euro Likely To Weaken
The euro is likely to weaken as focus for the currency centers on easing inflation pressures, with a secondary focus on slowing growth, NatWest Markets said. “Both play euro negative against the dollar and on the crosses.” The latest eurozone inflation data, which were much lower than expected, suggest that the European Central Bank needs…
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Stock Futures, Bonds Dip as Post-Powell Caution Persists
Stock futures were trading in the red on Monday, with bond prices also weakening amid some tempering of recent enthusiasm over the potential for Federal Reserve interest rate cuts. Investors will be looking ahead to important data this week to keep supporting the case for a rate cut, with November nonfarm payrolls numbers due at…
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Alaska Air Acquires Hawaiian Holdings, Spotify Cuts 1,500 Jobs, Uber’s S&P 500 Entry, and More
U.S. index futures are down in Monday’s pre-market trading, reversing some of last week’s gains. This comes amidst growing bets that the Federal Reserve will keep interest rates unchanged at the upcoming monetary policy meeting and initiate a decline next year. Despite efforts by Fed Chairman Jerome Powell to discourage expectations of rate cuts, stating…
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US Futures Slip, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.1% in morning trading. alstria office REIT rose 7.9% and Rolls-Royce Holdings added 3.6%. On the other…
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Top Company News of the Day: Origin Energy, Roche, Spotify, Evergrande
Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails An $11 billion bid for Origin Energy, one of Australia’s largest power companies, was rejected by its shareholders on Monday in a stark illustration of how investors are adopting different strategies to bet on the energy transition. Roche to Buy Carmot Therapeutics for $2.7 Billion Roche…
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U.S. Stocks Move Mostly Higher, Dow, S&P 500 Reach Best Closing Levels Since Early 2022
Stocks moved mostly higher over the course of the trading session on Friday, with the major averages all climbing firmly into positive territory after showing a lack of direction early in the session. The Dow and the S&P 500 reached their best closing levels since early 2022, while the tech-heavy Nasdaq ended the day at…
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Manufacturing Activity and Construction Spending Reports Due Out Today
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of November at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 47.6 in November from 46.7 in October, although a reading below 50 would still indicate a contraction. Also at 10 am ET,…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Friday, with stocks likely to give back ground after the Dow jumped to its highest closing level in well over a year on Thursday. Traders may look to cash in on yesterday’s gains, which also saw the S&P 500 reach its…
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Alibaba, Dell, Elastic, Tesla and more stocks to watch
U.S.-listed shares of Alibaba were down 1.3% after the company was downgraded to Equal Weight from Overweight by Morgan Stanley and the price target was reduced to $90 from $110. Dell Technologies reported adjusted third-quarter earnings that beat forecasts but lower-than-expected revenue on weak demand. Shares fell 4.1%. Elastic rose 20% after the company reported…