Asia-Pacific equity markets finished mixed, with China's Shanghai Composite and Hong Kong's Hang Seng declining, while India's SENSEX gained; European markets are mixed in midday trading while US equity futures point to a lower market open following disappointing guidance from Oracle and ahead of tomorrow's August CPI report and Thursday's interest rate decision by the European Central Bank.
Stocks opened lower on Wall Street as investors awaited Apple's fall event and key inflation data, with tech stocks leading the retreat and rising oil prices raising concerns about inflation's impact on the market.
CVS Health has launched Cordavis, a subsidiary focused on bringing high-quality biosimilar products to the market to reduce drug costs and ensure access to affordable medications in the United States, with plans to develop a portfolio of biosimilar products and partner with Sandoz to commercialize lower-priced biosimilars.
Nvidia's shares reached a record high after the chipmaker announced its partnership with Google, while the court ruling against the SEC's denial of Grayscale's Bitcoin ETF provided a boost to cryptocurrency markets; however, economic data, including lower consumer confidence and a decline in job openings, raised concerns.
Fund managers are shifting their investments from emerging markets to U.S. stocks due to increasing concerns about China and the global economy.
This article discusses a 5-minute bar chart for Comex gold futures, which provides valuable information for active intra-day gold futures traders and includes crossover buy and sell signals as well as potential entry points based on technical support and resistance levels.
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A home featured in the 1978 film "Halloween," where Jamie Lee Curtis' character lived, is now on the market in South Pasadena, Calif. for $1.8 million.
Huawei dominates the foldable smartphone market in China with over 50% market share, despite not having 5G connectivity, and the segment is experiencing strong year-over-year growth.
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Cryptocurrencies like Bitcoin have not reduced financial risks in emerging economies, but instead, have amplified them, according to a study conducted by central banks and published by The Bank for International Settlements (BIS).
Despite the inverted yield curve, which traditionally predicts an economic downturn, the US economy has remained strong due to factors such as fiscal and monetary stimulus efforts and a lag time before interest rate hikes impact the economy, but some bond market experts believe the yield curve will eventually prove to be a good indicator for the market and the economy.
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Shares of Cboe Global Markets Inc. fell 0.93% to $150.27, ending a two-day winning streak, as the stock market had a positive trading session with the S&P 500 and Dow Jones Industrial Average rising 1.45% and 0.85% respectively; the stock closed $2.10 below its 52-week high.
U.S. stocks fell on Tuesday, with tech stocks dragging down indexes after Apple unveiled its latest iPhone and the Justice Department's antitrust case against Google went to trial in Washington. The Nasdaq sank 1%, while the S&P 500 fell 0.6% and the Dow Jones Industrial Average closed 0.1% lower.
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The US Justice Department argues that Google uses its power to stifle competition and maintain its dominance as the most popular search engine, while Google claims that users rely on them due to the quality of their search engine, in a landmark antitrust case that could test the limits of corporate power in the United States.
Asian equities rise as weak U.S. labor data suggests the Federal Reserve is done with interest rate hikes, while Chinese stocks gain for a third consecutive day.
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US Inflation Forecast to Rise in August While Core CPI Falls; Impact on Fed Policy and Bitcoin Price
The release of the US Consumer Price Index (CPI) for August is expected to impact the crypto market, particularly Bitcoin, depending on overall financial market volatility and whether core CPI surprises to the upside or downside.
Asian shares rally as Nvidia's strong performance boosts Wall Street and a decrease in U.S. bond yields eases global borrowing costs.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
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Russia has raised its inflation forecast for 2023 and 2024, expecting a weaker rouble as the costs of the war in Ukraine increase.
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European stock markets are expected to open higher following positive moves on Wall Street, as investors anticipate fresh economic data and a potential pause in interest rate hikes by the Federal Reserve.
Apple has increased the prices of its latest iPhones in countries like China, Japan, and India, while keeping prices the same in the U.S., as it aims to target premium users and reinvigorate growth in key markets. Although the price hikes are mainly for higher storage options and the more expensive models, Apple has also implemented price cuts in certain regions to target budget-conscious consumers.
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Stocks surged as optimism built ahead of Nvidia's earnings report, despite disappointing economic data and mixed retail earnings, with Foot Locker's share price sliding and Abercrombie & Fitch beating expectations. Nvidia reported strong earnings, with revenue doubling, and investors are particularly interested in the company's comments on meeting the demand for AI chips and the future of the AI space.
The US Dollar experienced a significant decline due to weak economic data and increased risk appetite, while the Euro and British Pound strengthened. The Australian Dollar and New Zealand Dollar also performed well, and gold and cryptocurrencies rallied.
Goldman Sachs is relying on the success of tech IPOs, such as Arm, Instacart, and Klaviyo, to boost its revenue and revive other areas of finance, as it has suffered a decline in revenue and faces internal challenges. The performance of these IPOs will determine the company's future and CEO David Solomon's leadership.
Artificial intelligence (AI) is predicted to be a major growth driver during the upcoming bull market, with AI software sales expected to reach $1.1 trillion by 2032; two AI growth stocks to consider are HubSpot, which offers AI sales assistant software and plans to release new AI products, and Arista Networks, which provides high-speed networking equipment and software for cloud and enterprise data centers.
Lego has managed to increase its market share and grow its sales by 1% in the first half of the year, despite a decline in the overall toy market and slower-than-expected recovery in the Chinese market.
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U.S. consumer prices rose the most in 14 months in August due to surging gasoline prices, but underlying inflation only increased slightly, potentially allowing the Federal Reserve to keep interest rates unchanged next week.
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The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates to join their economic coalition, according to South African President Cyril Ramaphosa.
Artificial intelligence (AI) leaders Palantir Technologies and Nvidia are poised to deliver substantial rewards to their shareholders as businesses increasingly seek to integrate AI technologies into their operations, with Palantir's advanced machine-learning technology and customer growth, as well as Nvidia's dominance in the AI chip market, positioning both companies for success.
German shoemaker Birkenstock has filed for an IPO in New York, aiming for a valuation of over $8 billion, as it becomes the latest European company to choose the United States for going public.
French regulators have ordered Apple to recall its iPhone 12 from the French market due to excessive radiation emissions, but Apple argues that its product is compliant with regulations.
The Indian rupee is expected to strengthen against the US dollar due to weaker-than-expected US job openings, causing a decline in the dollar index and Treasury yields.
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Stocks opened higher on Wednesday as investors focused on consumer inflation data that could influence the Federal Reserve's next policy decision.
Four upcoming IPOs, including Arm, Birkenstock, Instacart, and Klaviyo, have generated hope for the struggling IPO market, but experts believe that it is not indicative of a strong resurgence in the market and predict that it will take until 2024 or 2025 for the market to fully rebound.
Asian stocks, particularly Chinese markets, may find some respite after Wall Street's resilience on Monday despite surging bond yields, although economic data and policy actions out of China remain disappointing.
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A stock market rally is expected in the near term, as recent market corrections have created potential opportunities for investors to increase equity exposure, despite the possibility of a 5-10% correction still lingering. Additionally, analysis suggests that sectors such as Utilities, Staples, Real Estate, Financials, and Bonds, which have underperformed in 2023, could present decent upside potential in 2024, particularly if there is a Federal Reserve rate-cutting cycle.
Foreign investors have sold a record $10.7 billion of Chinese stocks in 13 consecutive trading sessions, causing a significant dip in the market.
This article provides information on a 5-minute bar chart for Comex gold futures, which can be a useful tool for active gold futures traders to identify buy and sell signals.
The South African rand weakened against the dollar as markets await U.S. inflation data that could impact the Federal Reserve's interest rate decisions.
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Tesla was the most shorted US large-cap stock for the third consecutive month in August, according to securities firm Hazeltree, while Charter Communications and Apple were the second and third most shorted large-cap names.
Credit Suisse will reduce its new markets business and UBS will focus on consolidating new client activity as they integrate following their merger.
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Dow Jones futures rose slightly, along with S&P 500 futures and Nasdaq futures, despite mixed performance in the stock market rally following the release of the CPI inflation report; Arm Holdings priced its IPO at $51 per share, giving it an initial valuation of over $54 billion; and attention turns to Adobe's earnings and the looming UAW strike for Ford, GM, and Stellantis.
