ADVFN US – Market Content Editor
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US Unemployment Claims Increase, Spain and Germany’s Inflations Slow Down
China Trade Pact in Danger Ahead of her visit to China next week, Ursula von der Leyen, the president of the European Commission, urged for a more forceful approach towards China. She called for stricter controls over trade in sectors with military importance, such as AI, and hinted that the EU-China commercial pact might be…
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Meta May Ban Political Ads, Real Estate Valuations Plummet
European Stocks Rally European stocks rose, following a rally on Wall Street that saw the tech-heavy Nasdaq 100 rise to a bull market, as investors bet that interest rates have peaked and bank instability will ease. The Stoxx Europe 600 Index was led by technology, real estate, and retail shares, with Hennes & Mauritz AB…
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Taiwan US Visit, Central Banks to Focus on Profit Margin
Russian Advance, Nuclear Call Ukrainian officials acknowledged that Russian forces made some progress in their attack on Bakhmut, while Ukrainian troops claimed to be holding on to the eastern town. The UN’s nuclear watchdog head, Rafael Grossi, visited the Zaporizhia nuclear power station, which is currently occupied by Russia, and urged for measures to protect…
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Real Estate Stocks Facing Challenges, Google Launches Ads Transparency Center, Lucid to Cut Workforce by 18%
European Equities Rise On Wednesday, European equities rose while Asian stocks were buoyed by the announcement that Chinese ecommerce giant Alibaba would split into six business units. UBS (NYSE:UBS) saw a 2.2% rise in its shares after announcing that Sergio Ermotti would become its CEO, leading its takeover of Credit Suisse (NYSE:CS). The Stoxx 600…
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US Mortgage Rates Fall, Call for AI Development Pause, BOE Warns Pension Funds
US Mortgage Rates Fall US mortgage rates dropped to a six-week low of 6.45%, contributing to a fourth-straight rise in applications to buy a home. The 30-year fixed mortgage contract rate fell by three basis points in the week ended 24 March, leading to a 2% rise in the Mortgage Bankers Association’s index of mortgage…
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Apple’s Buy Now Pay Later, FTX Founder Bribery Charge, UBS Appoints Sergio Ermotti
Adidas Objects to BLM Adidas (XETRA:ADS) lawyers have asked America’s trademark regulators to reject the logo submitted by Black Lives Matter, an anti-racist foundation, citing that BLM’s design, three yellow stripes, could easily be mistaken for Adidas’ famous motif. The German sportswear giant has previously admitted to having too few black staff members, following employee…
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Economic News: China Threatens Taiwan Meeting, US Housing Slump Continues
Rates Pressure Stocks The tech-heavy Nasdaq Composite fell on Tuesday due to the rising bond yields and concerns over further interest rate increases by the Federal Reserve. With easing anxiety about global banks, investors are now renewing their bets that interest rates may rise further and remain elevated. The broad S&P 500 index also declined,…
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Market News: Banking Sector Rebounds, Alibaba to Restructure, Multinationals Worry EU
Banking Sector Rebounds Investors realized that regional lenders are in better condition than initially feared following the collapse of Silicon Valley Bank. Bank shares rallied on Monday and U.S. Treasury prices fell after First Citizens Bancshares (NASDAQ:FCNCA) reached a deal to buy large pieces of Silicon Valley Bank (NYSE:SVB). Analysts are increasingly confident that the…
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Economic News: Financial Markets Stabilize, Eurozone Banks Cut Lending, Class-A Offices Struggle
Financial Markets Stabilize On Tuesday, European equities’ advance slowed down as investors remained cautious about the recent banking turmoil. The Stoxx Europe 600 Banks index, including the biggest lenders in the region, was down by 0.1%. The regionwide benchmark Stoxx 600 (STOXX:SX5E) was down by 0.1%, Germany’s Dax (DBI:DAX) was flat, and London’s FTSE (FTSE:UKX)…
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Market News: Deutsche Bank Vulnerabilities, Binance Faces Lawsuit, Eurozone Deposit Outflows
Deutsche Bank Vulnerabilities After a decline last week, Deutsche Bank (NYSE:DB) shares regained their position and rose by 6% on Monday. However, investors are still concerned and have begun examining the bank’s vulnerabilities. The bank’s default credit swap cost decreased on Monday, but it is still at pandemic levels. UBS Group AG’s (NYSE:UBS) merger with…