ADVFN US – Market Content Editor
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Crypto This Wednesday: Ripple Obtains License in Singapore, El Salvador Begins Local BTC Mining, and More
Jury selected for Sam Bankman-Fried criminal case Twelve jurors have been selected for Sam Bankman-Fried’s criminal case, including a medical assistant, a librarian and a nurse. Data analysts at Nansen revealed details about the close relationship between FTX and Alameda Research, both founded by Bankman-Fried, with suspicious transfers of FTT tokens (COIN:FTTUSD) and the companies’ great…
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Traders May Go Bargain Hunting Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Bargain hunting may contribute to initial strength on Wall Street, as some traders pick up stocks at reduced levels. The steep drop seen on Tuesday,…
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US Private Employment Disappoints
Private businesses in the US hired 89K workers in September 2023, the least since January 2021 when private employers shed jobs, and well below market forecasts of 153K. It follows a revised 180K increase in August, compared to an initial 177K. The services sector added 81K jobs, namely financial activities (17K) and education and health…
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Biogen (NASDAQ:BIIB): RBC Capital maintains its outperform rating and reduces the target price from $357 to $351 Cbre (NYSE:CBRE): Raymond James maintains its strong buy recommendation and reduces the target price from $100 to $95. Csx (NASDAQ:CSX): Barclays maintains its overweight recommendation and reduces the target price from $40 to $38. Diamondback (NASDAQ:FANG):…
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Wednesday’s Wall Street Highlights: Apple, Intel, Cal-Maine, A10 Networks, and more
US index futures are slightly down in Wednesday’s pre-market, following a challenging session that pushed the Dow Jones into negative territory for the year 2023. Signs of stabilization emerge as Treasury yields firm up, and the dollar, after climbing to a 10-month peak against the G10 currencies, stabilizes. At 06:42 AM, Dow Jones futures (DOWI:DJI)…
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North American Morning Briefing: S&P 500 Futures Recover Early Losses After Yields Spike
Market Wraps Watch For: ADP National Employment Report for September; ISM Report on Business Services PMI for September; EIA Weekly Petroleum Report Today’s Top Headlines/Must Reads: – As the Fed’s Inflation Fight Drags On, Government Interest Payments Climb – Bond Selloff Threatens Hopes for Economy’s Soft Landing – Why 8% Mortgage Rates Aren’t Crazy –…
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US Futures, European Stocks Fall as Bond Selloff Intensifies
In the U.S. futures for the S&P 500 were down 0.5% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Orpea added 3% and Tesco climbed 2.2%. On the other hand,…
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Top Company News of the Day: China SCE, BYD, SoftBank, Intel
Developer China SCE Seeks Suspension of Trading in Debt Securities Property developer China SCE Group Holdings has sought the suspension of trading in its U.S. dollar-denominated notes on the Hong Kong exchange as it is facing an event of default. How China’s BYD Became Tesla’s Biggest Threat Once a maker of cellphone batteries, the company…
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Treasuries Rise Again To 16-year highs
Projected interest rates on US Treasury bonds closed the session higher following hawkish comments from Federal Reserve officials, which reminded investors that resilience in the US economy likely means that borrowing costs will remain higher for longer. That outlook helped 10-year Treasury yields rise to 16-year highs today in a bond selloff that, combined with…
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Oil Futures End The Day On a High With Restricted Supply Helping Recovery
Oil futures prices ended the day higher after falling to three-week lows, weighed down by a stronger US dollar and increasingly gloomy global economic signals, but supported by tightening oil supplies . Prices fell early in the day as the U.S. dollar rose to a 10-month high against a basket of major currencies. The strengthening…