Treasury yields slide as soft CPI boosts view Fed is done hiking rates. Cathie Wood predicts US inflation rate will turn negative in 2024. Nvidia adds $200 billion as winning streak set to match record. Canada to 'carefully' review Glencore deal for Teck Coal Mines. Australian dealmakers rush to save $24 billion worth of deals. Israel latest: Gaza hospitals in focus as Biden urges restraint. Meta has more Wall Street fans than ever as rally nears 300%.
Alphabet CEO Pichai grilled on record-keeping at Google Play trial. Investors are covering their short bets, sending stocks higher. Ottawa extends deadline for underused housing tax. Women less likely than men to request a raise, negotiate salary: surveys. Many Canadians 'uncomfortably close to broke': MNP. Many Canadians stuck in 'chaotic whirlwind of personal finance stress': Edward Jones. Canadian tech workers make 46% less than U.S
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Gold and Silver Prices Rise on Tamer U.S. Inflation ReportGold and silver prices are solidly higher in midday U.S. trading Tuesday, following a key U.S. inflation report this morning that came in tamer than market expectations and in turn sunk the U.S. dollar index and dropped U.S. Treasury yields. Short covering in the gold and silver futures markets was featured today, along with some perceived bargain hunting in the cash markets. December gold was last up $17.40 at $1,967.50. December silver was last up $0.837 at $23.20. Today’s U.S. data point of the week saw the consumer price index report for October come in at up 3.2%, year-on-year. CPI was forecast at up 3.3%, year-on-year, versus a gain of 3.7% in the September report. The core CPI rate was up 4.0% in October, compared to the consensus forecast of up 4.1% and up 4.1% in the September CPI report. This data falls into the camp of the U.S. monetary policy doves, who want to see the Federal Reserve halt its interest-rate-tightening cycle. U.S. Treasury yields solidly down-ticked on the CPI data and the U.S. dollar index sold off sharply. The U.S.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Asia Stocks Set to Gain as CPI Data, Fedspeak Loom: Markets WrapSummary of the latest news in the financial markets, including Asia stocks, failed trade talks, TSX index gain, FTX employee bonus demand, oil output projections, yen surge, emerging-market stocks, hedge fund activities, housing tax deadline extension, salary negotiation gender gap, and Canadian financial stress.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bitcoin Plunges in Deeper Correction as Stocks Surge on Fed Rate Hike SpeculationThe deeper correction that analysts had been warning about hit the crypto market on Tuesday as Bitcoin (BTC) underwent a selloff that briefly erased all of its gains over the past week before dip buyers arrived to push it back above support at $35,500.
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Stocks and Bonds Rally as Traders Bet That Fed Hikes Are DoneStocks and bonds rally as traders speculate that the Federal Reserve will not raise interest rates. The TSX index increases by 1.6% due to strength in finance and base metals. The S&P 500 rises by 2% as investors believe the 'Fed is done' and U.S. yields decline. The PGA Tour announces plans to offer equity ownership to players. The SEC celebrates $5 billion in penalties after a year of cracking down on cryptocurrency. Low-cost airline Flybondi plans to expand into Brazil after a SPAC deal. A U.S. court ruling revives the fight over solar panel tariff waivers. Oil prices continue to rise on positive fuel consumption signals. Crypto exchange Blockchain.com raises $110 million at a lower valuation. Ottawa extends the deadline for an underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are facing financial difficulties and stress. Canadian tech workers earn 46% less than their U.S. counterparts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Yen Surges From Year’s Low as Traders Pin Move to Options ExpiryEmerging-Market Stocks Halt Declines as China Sentiment Improves. Markets today: Stock traders sitting on their hands before CPI. More Hedge Funds Are Shorting Oil as Negative Sentiment Spreads. Fed Supervisors Are Scrutinizing Banks’ Interest-Rate Risks, Barr Says. Washington DC’s Rating Outlook Lowered to Negative by Moody’s Days After US Cut. Mexico ETF Sees Best Week in 5 Years on Resilient Economy Bets. Thanksgiving Travel in US Set to Hit Post-Covid High. Argentina’s Inflation Hits 143% in Final Release Before Election. Ottawa Extends Deadline for Underused Housing Tax. Women Less Likely Than Men to Request a Raise, Negotiate Salary: Surveys. Many Canadians 'Uncomfortably Close to Broke': MNP. Many Canadians Stuck in 'Chaotic Whirlwind of Personal Finance Stress': Edward Jones. Canadian Tech Workers Make 46% Less Than US.
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UK Minister Says He Wasn’t Surprised EU, Australia Trade Talks Fell ApartUK Minister says he wasn't surprised EU, Australia trade talks fell apart. Tech and energy lift TSX index to 0.28% gain. FTX employee recruited by Sam Bankman-Fried wants $275,000 bonus. Oil output to grow through at least year-end in prolific Permian. Yen surges from year's low as traders pin move to options expiry. Emerging-market stocks halt declines as China sentiment improves. Stock traders sitting on their hands before CPI. More hedge funds are shorting oil as negative sentiment spreads. Fed supervisors are scrutinizing banks' interest-rate risks, Barr says. Ottawa extends deadline for underused housing tax. Women less likely than men to request a raise, negotiate salary: surveys. Many Canadians 'uncomfortably close to broke': MNP. Many Canadians stuck in 'chaotic whirlwind of personal finance stress': Edward Jones. Canadian tech workers make 46% less than U.S.
Source: BNNBloomberg - 🏆 83. / 50 Read more »