Rusk
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European Shares Set For Tepid Start As US Inflation Data Looms
European stocks are seen opening a tad lower on Tuesday as investors brace for key U.S. inflation data for important clues on the economic and rate outlook. The U.S. producer price inflation report is likely to be in the spotlight today along with Fed Chair Jerome Powell's remarks during a moderate
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Asian Shares Mostly Lower In Cautious Trading
Asian stocks ended lower on Monday after the release of weak lending and mixed inflation data from China. U.S. rate worries persisted, and Israel forces advanced deeper into Rafah despite warnings from the U.S. and Egypt, further weighing on sentiment. In addition, media reports suggested that the B
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Silver and Gold recovered quickly – What's next?
Gold and silver have been enjoying a return to demand since early May, and buyers have stepped up in the last couple of days, bringing gold back above $2370 and silver back above $28.5. Silver has recovered to the $28.0-28.8 area from where it reversed down in April after a few days of consolidation
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Pound Rises As U.K. Exits Recession
The British pound strengthened against other major currencies in the pre-European session on Friday, after the U.K. economy exited a technical recession in the first quarter with the economic output growing better than expected led by a rebound in the services output and household spending. Data fro
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Gold price surges as US Treasury yields weaken on soft US data
Gold rebounds above $2,330, fueled by drop in US Treasury yields, weaker Greenback. Unemployment claims increase, which pressures Fed to achieve its dual mandate goals and possibly cut rates sooner. Fed officials reflect mixed views on economy's health and monetary policy direction. Gold price resum
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Marginally higher high
S&P 500 driven by cyclicals made a decent upswing till Kashkari raised not just higher for longer, but rate hike prospects too. Understandably, such a statement at odds with what Powell said a week ago, was good enough to trigger an intraday reversal and subtle market breadth deterioration that
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US indices are heading towards highs
US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn in the first three weeks of Apri
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