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Dollar Hovers Near Eight-Week Lows Ahead of Crucial U.S. Jobs Report The dollar lingered around its lowest levels in eight weeks on Friday, as investors awaited a key U.S. jobs report that could provide clearer insights into when the Federal Reserve might begin cutting interest rates. Euro Maintains Gains Post-ECB Rate Cut The […]
Dollar clings to eight-week low ahead of payrolls test Read More »
Focus on Nonfarm Payrolls as Investors Anticipate Fed Rate Cuts Thursday’s trading session will revolve around the highly anticipated U.S. nonfarm payrolls report, which investors hope will provide insight into when the Federal Reserve might begin cutting interest rates. 1. Nonfarm Payrolls Take Center Stage The spotlight is on the U.S. nonfarm payrolls report,
Nonfarm payrolls, Nvidia, GameStop – what’s moving markets Read More »
Tech-Led Surge Propels Nvidia to Second Most Valuable Company Wall Street’s tech-driven stock rally has propelled Nvidia (NASDAQ), now valued at $3 trillion, past Apple (NASDAQ) to become the world’s second most valuable company. This surge coincides with growing anticipation of interest rate cuts across the G7 nations. The European Central Bank (ECB) is expected
Morning Bid: New highs as Nvidia tops Apple, ECB and BoC easing Read More »
Oil Prices Stabilize Amid Fed Rate Cut Expectations and Higher U.S. Inventories Oil prices remained stable on Thursday, buoyed by growing expectations of a U.S. Federal Reserve interest rate cut in September, which offset concerns over higher U.S. inventories and plans by OPEC+ to gradually increase supply. By 1005 GMT, Brent crude futures had
Oil stabilises as expectations of September U.S. rate cut temper stock builds Read More »
1. Futures Muted U.S. stock futures showed minimal movement following Wednesday’s rally in the S&P 500 and Nasdaq Composite. By 03:28 ET (07:28 GMT), S&P 500 futures and Dow futures were largely unchanged, while Nasdaq 100 futures rose by 26 points, or 0.1%. The previous session saw the S&P 500 climb 1.18% to 5,354.03,
Futures muted, Nvidia’s market cap jumps above $3 trillion – what’s moving markets Read More »
Oil prices edged higher from four-month lows on Wednesday, supported by a U.S. jobs report that bolstered the case for a potential September interest rate cut. Meanwhile, markets weighed OPEC+’s plans to begin easing some output cuts later this year. Brent crude futures rose 39 cents, or 0.5%, to $77.91 a barrel by 1241
Oil comes off four-month low as US jobs data fuels rate cut bets Read More »
Dollar Tree announced on Wednesday that it is considering various options, including a potential sale or spinoff of its Family Dollar banner, as part of a restructuring effort amidst ongoing high inflation that continues to impact consumer spending. The retailer, similar to its competitor Dollar General, has been facing weak discretionary demand as consumers
Dollar Tree explores sale of its struggling Family Dollar business Read More »
Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. The retailer, like its peer Dollar General (NYSE:DG), has been grappling with weak discretionary demand as shoppers focus more
Dollar Tree explores sale of its struggling Family Dollar business Read More »
Bitcoin prices surged higher on Wednesday, driven by increasing expectations of U.S. interest rate cuts amidst continuous weak economic data and a resurgence of inflows into spot Bitcoin exchange-traded funds (ETFs). This trend also bolstered broader cryptocurrency prices, as capital inflows into the sector have increased over the past month. The launch of spot
Bitcoin price today: rises toward $71k amid rate cut hopes, strong ETF inflows Read More »
U.S. stock index futures edged higher on Wednesday as investors increased their bets on an earlier start to the Federal Reserve’s rate cuts this year, driven by a series of economic data indicating slowing growth. Wall Street ended Tuesday’s session with modest gains, recovering some losses, with rate-sensitive real estate stocks leading sector gains.
Wall Street set for higher open as rate-cut expectations tick up Read More »