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European shares fell on Tuesday, August 2 after weak global factory data reinforced fears of an economic slowdown, while markets were nervous ahead of US House Speaker Nancy Pelosi’s upcoming visit to Taiwan. By 7:08 GMT, the pan-European Stoxx 600 index was down 0.6%. Three sources said Pelosi was expected …
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August, 2022
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2 August 2022 1:01 pm
European shares decline, affected by fears of recession and Sino-American tension
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2 August 2022 12:33 pm
Japan shares close lower, driven by US-China tension and a stronger yen
Japanese stocks closed lower on Tuesday as tensions escalated between Beijing and Washington ahead of a possible visit by US House Speaker Nancy Pelosi to Taiwan on Tuesday. At the same time, the yen’s rally against the dollar fueled a sell-off in exporters’ shares. The Nikkei index fell 1.42 percent …
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2 August 2022 11:23 am
Check Point Software Earnings, Revenue Beat in Q2
Check Point Software on Monday reported second-quarter earnings that beat analyst expectations and revenue that beat expectations. Check Point Software reported earnings per share of $1.64 on revenue of $571.1 million. Check Point Software shares are up 6% from the start of the year, still down 16.72% from a 52-week …
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2 August 2022 10:48 am
China leads losses in Asia as geopolitical tensions escalate
China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …
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2 August 2022 3:24 am
EUR/USD Impacted By Eurozone Retail Sales
The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed …
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2 August 2022 2:50 am
Market Drivers – US Session – Monday, August 1
The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated. The US dollar edged lower on Monday, although the slide pared …
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2 August 2022 2:30 am
Reserve Bank of Australia Decision Preview
During its meeting, on Tuesday, August 2, the Reserve Bank of Australia is expected to hike the cash rate by 50 bps. The current cash rate is at 1.35%, a level that Australian monetary policymakers consider as ‘below neutral’, while they consider the neutral level is at least 2.5%. Smaller …
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2 August 2022 1:49 am
White House: US will not be intimidated by China
The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated.China’s actions could include firing missiles near Taiwan, large-scale air or naval …
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1 August 2022 11:42 pm
Gold surges around $1770 on US PMI data
Gold prices advance on falling US Treasury yields and US dollar weakness. US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt. At the time of writing, gold is trading at $1770.5. Fed policymakers pushed back against deacceleration of interest rate hikes, according to the market’s reaction. …
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1 August 2022 10:47 pm
Buffett Has 10% of Berkshire Hathaway’s Portfolio Recession-Resistant Sector
Warren Buffett does not seem to buy and sell stocks based on what is going on with the US economy. Rather He is choosing stocks that can survive all economic climates. That may be why he has 10% of Berkshire Hathaway’s portfolio invested in consumer staples, a sector that’s known …
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1 August 2022 10:02 pm
Weak Global Manufacturing Data Adds To Recession Fears
On Monday, Equity index futures turned a bit negative to start a new week and month, as investors are still digesting last week’s data with the S&P 500® index (SPX) near June highs.Potential Market Movers this week include economic and earnings calendars that appear a bit lighter compared to last …
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1 August 2022 9:13 pm
AUD/USD rallies ahead of RBA’s rate decision
Market sentiment is mixed on Monday, but the AUD/USD pair is boosted by the softer US dollar and the RBA’s awaited decision.US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by …
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1 August 2022 8:32 pm
Fed expected to lift policy rate to 3.5-3.75% by end of 2022
In a recently published report, Moody’s Investors Service said that it expects the US Federal Reserve to take the policy rate to the range of 3.5-3.75% by the end of the year and above 4% by March 2023.The EUR/USD pair showed no immediate reaction to this report and was last …
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