In an attempt to comply with the post-Bri9exit rules, EU regulators believe that they were misled into thinking that Morgan Stanley has relocated top executives to Europe in order to comply with the rules in place.Morgan Stanley has been accused of fabricating a false job title for one of its …
Read More »Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the reasons why US stocks have recently …
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Markets are closed on Monday for the Presidents’ Day holiday. Stocks have nearly recovered after last week’s inflation report, with the S&P 500 closing down 0.4% but cracking a new record-high on Thursday. The Dow Jones Industrial Average slipped 0.1% for the week and the Nasdaq Composite fell 1.3%. The …
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The Middle East war poses a significant risk to earnings as boycotts and Red Sea shipping chaos disrupt supply chains. This could impact the record rally in US stocks, as expectations for profits at S&P 500 companies for the next 12 months are at a record high. The war could …
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The EUR/GBP stands at 0.8555 in Monday’s session, jumping above the 20-day SMA. Sticky European inflation may push the ECB to a more aggressive stance toward the easing cycle.The week’s highlight will be the British and the EU’s Manufacturing PMIs from February. As long as markets bet on the BoE …
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Bitcoin experienced a significant uptick, surpassing the $52,000 barrier after swiftly recovering from Saturday’s decline. Monday witnessed vigorous buying activity, propelling the price to its highest levels in the past five days, marking a notable resurgence to levels unseen since November 2021. Technically, Bitcoin faces minimal resistance levels until it …
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On Monday, European stocks faced a downturn, with French equities particularly impacted following the government’s downward revision of its annual economic growth forecast. Meanwhile, individual company performances showcased a mix of outcomes, with Forvia’s optimistic forecasts contrasting Juventus’ widened net losses. STOXX 600 Index Edges Lower The European STOXX 600 …
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Official data has revealed a remarkable surge in tourism revenues in China during the Lunar New Year holiday, which concluded on Saturday, with a staggering year-on-year increase of 47.3 percent. This surge has not only surpassed 2019 levels but also underscored the robustness of domestic tourism amid an extended holiday …
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On Monday, Japan’s Nikkei average edged lower but maintained proximity to record highs, influenced by declines in chip-related stocks following losses in their US counterparts on Friday. The Nikkei index slipped by 0.04 percent, concluding the day at 38,470.38 points, after reaching 38,865.06 points on Friday. Notably, it remained a …
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In the wake of last week’s economic data revealing ongoing challenges in US inflation, the dollar steadied on Monday, reflecting cautious sentiment regarding the Federal Reserve’s potential monetary easing strategies. Despite market uncertainties, the yen remained weak, hovering in proximity to the significant threshold of 150 against the dollar. US …
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