European stock markets saw modest movement on Wednesday as investors digested a wave of third-quarter corporate earnings reports against a backdrop of regional economic uncertainty. By 03:05 ET (07:05 GMT), Germany’s DAX index and France’s CAC 40 both edged 0.1% lower, while the U.K.’s FTSE 100 managed to climb by …
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Asian markets saw mixed performances on Wednesday as strong IPO activity in Hong Kong bolstered sentiment, while broader regional markets remained cautious due to rising U.S. Treasury yields and uncertainty surrounding the upcoming U.S. presidential election, just two weeks away. Hong Kong led the gains, benefiting from a surge in …
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Oil prices slipped on Wednesday following reports of a larger-than-expected rise in U.S. crude inventories. Brent crude brent fell 0.7% to $75.54 per barrel, while U.S. West Texas Intermediate (WTI) also dropped 0.7% to $71.24 per barrel. The declines followed two sessions of gains earlier this week. U.S. crude stocks …
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Gold prices hit a record high in Asian trading on Wednesday, driven by safe haven demand as investors brace for a tight U.S. presidential race and continued geopolitical unrest in the Middle East. Spot gold climbed to $2,750.35 per ounce, with December futures rising 0.2% to $2,764.15. Despite the U.S. …
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The e Bank of Canada is poised to announce its interest rate decision and release its updated monetary policy report on Wednesday. Market participants are keenly anticipating the central bank’s actions, as a rate cut is widely expected to stimulate economic growth and provide relief to borrowers.One of the primary …
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The US Dollar continued its upward trajectory, reaching new highs as investors weighed the potential impact of a “Trump trade,” further Fed easing, and upcoming US economic data. Key events for Wednesday, October 23, include the release of US mortgage applications, existing home sales, and the EIA’s crude oil inventory …
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The Federal Reserve has signaled future interest rate cuts, but some members are urging caution as economic data continues to roll in. Investors are anticipating cuts at the next two Fed meetings, aligning with the central bank’s projections. However, comments from regional Fed presidents suggest the pace of cuts might …
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Dow Jones Industrial Average (DJIA) cautiously tested higher ground on Tuesday, following a slight pullback at the start of the week. Despite concerns about overbought conditions and rising interest rates, the index managed to maintain a positive trajectory.Key factors influencing the market include:Earnings Season: Strong earnings reports from companies like …
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The EUR/USD pair falls as climbing US Treasury yields and risk-off sentiment bolster the US Dollar. ECB members hint at potential rate cuts, with President Lagarde maintaining a cautious stance on inflation, targeting 2025 for stability. The US Dollar Index (DXY) rises to 104.06 as US 10-year Treasury yields remain …
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Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …
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