[Tree] Euro, French vote, Asian stocks, US rate cut
Version 2.04 (2024-07-08 15:00:54.056000)
updates: Updates on euro reaching three-week high, dollar dipping on potential rate cuts
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Version 2.03 (2024-07-08 05:57:55.963000)
updates: Added information about Asian markets rising amid hopes for US rate cut and the euro struggling with French political uncertainty
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Version 2.02 (2024-07-08 05:56:30.972000)
updates: The euro dipped mildly in the Asian session following the unexpected results of the French parliamentary elections. Marine Le Pen's National Rally party secured the third spot, while the leftist New Popular Front alliance claimed the top position. However, no party achieved the absolute majority required to govern alone, resulting in a hung parliament and continued political gridlock. The outcome was a relief for investors as it prevented a far-right government from emerging. The focus now shifts to the US, with Fed Chair Jerome Powell's testimony and the US CPI report being eagerly awaited. The RBNZ rate decision and UK GDP data are also highlights of the week.
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Version 2.01 (2024-07-08 03:57:47.171000)
updates: Added information about the French elections and their impact on the euro and Asian stocks
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Version 2.0 (2024-07-08 03:01:06.632000)
updates: Euro experienced a significant decline due to projections of a left-wing win in French elections. Asian markets reacted with a downturn.
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Version 1.99 (2024-07-08 02:56:32.279000)
updates: Integration of information about the impact of French elections on the euro and the confidence in a US rate cut on Asian stocks
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Version 1.98 (2024-07-08 00:59:29.760000)
updates: Asian stocks rise amid US rate cut optimism, French elections stir euro
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Version 1.97 (2024-07-08 00:59:02.618000)
updates: Asian stocks rise, US rate cut gains confidence, euro affected by French election deadlock
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Version 1.96 (2024-07-08 00:54:43.995000)
updates: Euro slips as left-wing coalition wins French legislative election
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Version 1.95 (2024-07-07 23:56:33.367000)
updates: US Dollar weakens after disappointing jobs report, Australian Dollar hits six-month highs
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Version 1.93 (2024-06-20 09:58:06.754000)
updates: European car sales, interest rates, gold, copper, Brent crude, yield spread, AUDUSD, GBPUSD
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Version 1.92 (2024-06-20 08:53:39.284000)
updates: Gold breaking out, equities in Asia, European car sales
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Version 1.91 (2024-06-20 07:54:19.615000)
updates: Added information about the market action on Wednesday, the upcoming monetary policy announcements by SNB and BoE, and the US economic docket
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Version 1.9 (2024-06-20 04:54:51.715000)
updates: European shares start mixed, UK inflation falls, Swiss National Bank and Norges Bank rate decisions, updates on dollar, Treasury yields, oil prices, gold, copper, iron ore, tensions along Israel-Lebanon border
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Version 1.89 (2024-06-16 04:55:27.685000)
updates: Updates on central bank decisions and their impact on the global economy and interest rates
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Version 1.88 (2024-06-15 10:58:10.748000)
updates: Updates on Bank of England, Swiss National Bank, and Reserve Bank of Australia
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Version 1.87 (2024-06-14 13:55:56.567000)
updates: Bank of England monetary policy decision, Ashtead full-year results
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Version 1.86 (2024-06-14 09:54:09.672000)
updates: Retail sales data to provide consumer health check, Cocoa markets in the spotlight, UEFA European Football Championship kicks off
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Version 1.85 (2024-06-14 08:54:16.799000)
updates: Central banks expected to slow rate cutting, retail sales data to provide consumer health check
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Version 1.84 (2024-06-10 17:53:29.612000)
updates: ECB rate cut, US jobs data, Nvidia market valuation
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Version 1.83 (2024-06-07 08:57:35.204000)
updates: ECB raises inflation target, US jobs data in focus
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Version 1.82 (2024-06-07 06:53:31.095000)
updates: ECB announces rate cut, US jobs data highly anticipated
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Version 1.81 (2024-06-06 21:52:43.771000)
updates: Clarifies that the ECB rate cut has no implications for the Fed
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Version 1.8 (2024-06-06 09:56:43.251000)
updates: Updates on ECB rate cut and Wall Street record highs
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Version 1.79 (2024-06-06 06:57:21.532000)
updates: Additional information on global stocks and the anticipated interest rate cut by the ECB
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Version 1.78 (2024-06-05 12:55:30.212000)
updates: Added details about the ECB meeting and rate cut speculations
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Version 1.77 (2024-06-05 11:54:26.362000)
updates: World shares rise ahead of ECB meeting and rate cut speculations
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Version 1.76 (2024-06-05 08:55:58.305000)
updates: Updates on global shares and central bank rate cuts
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Version 1.75 (2024-06-05 08:55:19.641000)
updates: European stocks rise amid US interest rate cut hopes
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Version 1.74 (2024-06-04 17:53:48.376000)
updates: European stocks fell, oil majors led the decline
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Version 1.73 (2024-06-04 08:59:38.468000)
updates: European stocks fell as concerns about the US economy weighed against expectations of early Fed policy easing
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Version 1.72 (2024-06-04 07:53:00.513000)
updates: European stocks slipped as investors weighed concerns about the health of the US economy against stronger expectations for early Federal Reserve policy easing.
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Version 1.71 (2024-06-04 04:54:44.308000)
updates: London markets set for muted open ahead of ECB rate cut decision
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Version 1.7 (2024-06-04 00:57:02.868000)
updates: US stock futures steady, investors await rate cuts and jobs data
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Version 1.69 (2024-06-03 04:57:42.695000)
updates: Integration of new information about Asian stock markets and potential rate cuts in Europe and Canada
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Version 1.68 (2024-06-01 15:57:44.297000)
updates: Potential ECB interest rate cut, European stocks advantage, sectors to watch, US economic growth slowdown
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Version 1.67 (2024-05-31 15:56:55.562000)
updates: European shares rise after US and euro zone inflation prints
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Version 1.66 (2024-05-31 07:57:18.359000)
updates: European stocks mixed, inflation data awaited, Renault stock slips
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Version 1.65 (2024-05-31 04:53:52.001000)
updates: Positive US economic data eases concerns about Fed rates
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Version 1.64 (2024-05-31 04:53:04.409000)
updates: Updated information on investors awaiting inflation data
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Version 1.63 (2024-05-31 00:56:18.349000)
updates: Wall Street ended lower after figures showed the US economy is growing at a slower rate than expected, and investors wait for the latest inflation data
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Version 1.61 (2024-05-30 15:55:32.586000)
updates: European stocks recover as Wall Street falls on sluggish US economy
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Version 1.6 (2024-05-30 09:59:28.400000)
updates: European stocks extend losing streak, inflation fears weigh on markets
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Version 1.59 (2024-05-30 08:59:42.174000)
updates: European shares rebound with healthcare boost amid economic data anticipation
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Version 1.57 (2024-05-30 06:52:25.529000)
updates: European stocks set for lower open, bond yields pressure global markets
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Version 1.56 (2024-05-30 05:57:00.363000)
updates: Stocks in London set to open lower, risk sentiment weak ahead of US inflation print
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Version 1.55 (2024-05-30 04:56:57.973000)
updates: London markets set to open lower as rate cut anxiety weighs
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Version 1.53 (2024-05-29 12:54:08.628000)
updates: Wall Street points towards losses as markets digest earnings and dealmaking
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Version 1.52 (2024-05-29 11:52:53.694000)
updates: Stocks fell and bonds retreated following a drop in US Treasuries after weak debt auctions and hawkish remarks from a Federal Reserve speaker. US futures pointed to a 0.6% decline at the open as Europe’s Stoxx 600 fell by the same. 10-year Treasury yields inched one basis point higher to 4.56%. Tepid demand for US note sales, resilient consumer confidence data, and central bank talk are fueling expectations that interest rates will stay elevated. The Stoxx 600 is on track for a 2.2% gain the month, while the S&P 500 was up 5.4% as of Tuesday’s close. Hedge funds’ exposure to tech mega-caps is at a record high. Brent crude advanced 0.8% to $84.88 per barrel. ConocoPhillips is in advanced talks to acquire Marathon Oil Corp. Anglo American Plc said it won’t give BHP Group any further time to commit to a takeover offer. The parent company of Royal Mail has agreed to a £3.6 billion ($4.6 billion) takeover by Czech billionaire Daniel Kretinsky. Lenovo Group Ltd. plans to sell $2 billion worth of zero-coupon convertible bonds to Saudi Arabia’s sovereign wealth fund. Key events this week include the Fed’s Beige Book, Eurozone economic confidence, US initial jobless claims and GDP, Japan unemployment and Tokyo CPI, China official manufacturing and non-manufacturing PMI, Eurozone CPI, and US consumer income, spending, and PCE deflator.
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Version 1.51 (2024-05-29 10:56:21.532000)
updates: Global shares decline as higher Treasury yields weigh on stocks
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Version 1.5 (2024-05-29 09:57:33.424000)
updates: Global shares decline as higher Treasury yields weigh on stocks
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Version 1.49 (2024-05-29 07:58:09.830000)
updates: European shares decline as rising bond yields renew rate jitters
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Version 1.48 (2024-05-29 07:56:52.225000)
updates: Asian shares decline after mixed session on Wall Street
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Version 1.47 (2024-05-29 06:56:19.745000)
updates: Asian shares decline, Australia's S&P/ASX 200 down 1.3%
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Version 1.46 (2024-05-29 00:59:31.876000)
updates: Updated information on the performance of APAC indices and Australia's S&P/ASX 200
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Version 1.45 (2024-05-28 08:55:48.897000)
updates: Asian shares mostly higher, US and UK markets closed, Australia's S&P/ASX 200 down 0.28%
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Version 1.42 (2024-05-28 05:53:28.448000)
updates: Asian shares opened with mixed performances as US and UK markets remained closed due to public holidays. By 10:45 am AEST (12:45 am GMT), the Australian S&P/ASX 200 and the South Korean KOSPI 200 saw a slight uptick of 0.1% each, while Japan's Nikkei 225 experienced a slight decrease of 0.1%. Commodity markets saw upward movement, with Brent crude oil increasing by 1.2% to US$83.10 per barrel and gold rising by 0.7% to US$2,350.97. Chinese shares ended the day on a positive note, buoyed by semiconductor and energy stocks. Hong Kong shares broke a four-day losing streak, led by gains in the semiconductor sector following the establishment of China's CNY344 billion chip fund. Japanese shares rose, driven by gains in financial stocks as the 10-year Japanese government bond yield reached a 12-year high. India's benchmark Sensex ended the day flat at 75390.50 due to a mixed performance of regional peers. In Europe, shares closed on a higher note, with the STOXX Europe 600 Index, Germany's DAX, and France's CAC 40 all experiencing gains. UK markets were closed for the Spring Bank Holiday.
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Version 1.41 (2024-05-28 04:53:52.355000)
updates: Asian shares opened with mixed performances as US and UK markets remained closed due to public holidays. By 10:45 am AEST (12:45 am GMT), the Australian S&P/ASX 200 and the South Korean KOSPI 200 saw a slight uptick of 0.1% each, while Japan's Nikkei 225 experienced a slight decrease of 0.1%. Commodity markets saw upward movement, with Brent crude oil increasing by 1.2% to US$83.10 per barrel and gold rising by 0.7% to US$2,350.97. Chinese shares ended the day on a positive note, buoyed by semiconductor and energy stocks. Hong Kong shares broke a four-day losing streak, led by gains in the semiconductor sector following the establishment of China's CNY344 billion chip fund. Japanese shares rose, driven by gains in financial stocks as the 10-year Japanese government bond yield reached a 12-year high. India's benchmark Sensex ended the day flat at 75390.50 due to a mixed performance of regional peers. In Europe, shares closed on a higher note, with the STOXX Europe 600 Index, Germany's DAX, and France's CAC 40 all experiencing gains. UK markets were closed for the Spring Bank Holiday.
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Version 1.4 (2024-05-28 01:59:31.265000)
updates: Asian shares opened with mixed performances as US and UK markets remained closed due to public holidays. Commodity markets saw upward movement, with Brent crude oil increasing by 1.2% to US$83.10 per barrel and gold rising by 0.7% to US$2,350.97. Chinese shares ended the day on a positive note, buoyed by semiconductor and energy stocks. Hong Kong shares broke a four-day losing streak, led by gains in the semiconductor sector following the establishment of China's CNY344 billion chip fund. Japanese shares rose, driven by gains in financial stocks as the 10-year Japanese government bond yield reached a 12-year high. India's benchmark Sensex ended the day flat at 75390.50 due to a mixed performance of regional peers. In Europe, shares closed on a higher note, with the STOXX Europe 600 Index, Germany's DAX, and France's CAC 40 all experiencing gains. UK markets were closed for the Spring Bank Holiday.
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Version 1.39 (2024-05-28 00:58:16.865000)
updates: Incorporated information about the mixed performance of APAC indices and the closure of US and UK markets
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Version 1.38 (2024-05-28 00:57:45.976000)
updates: ASX futures expected to rise, US and UK markets closed for holidays, April retail sales awaited
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Version 1.37 (2024-05-27 22:53:53.841000)
updates: ASX expected to rise, April retail sales awaited
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Version 1.36 (2024-05-27 22:53:30.731000)
updates: ASX expected to rise, retail trade figures in Australia, hot property market, Cyclone Remal
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Version 1.35 (2024-05-27 18:53:07.172000)
updates: Updated information on Asian market performance and Wall Street rebound
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Version 1.34 (2024-05-27 15:59:43.155000)
updates: Added information about Memorial Day holiday in the U.S. and bank holiday in Europe, updated market performance in Europe and Asia, added information about oil prices and the U.S. economy
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Version 1.33 (2024-05-27 14:03:53.858000)
updates: Information about holidays in the U.S. and Europe, Indigo Books & Music shareholder vote, xAI funding round, China's response to G7 allegations, Bombardier's class action lawsuit
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Version 1.32 (2024-05-27 10:55:45.323000)
updates: Asian market performance, European shares performance
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Version 1.31 (2024-05-27 09:53:46.163000)
updates: Added information about European and Asian shares
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Version 1.3 (2024-05-27 08:53:58.418000)
updates: Incorporated details about specific Asian markets and oil prices
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Version 1.29 (2024-05-27 06:54:16.904000)
updates: Updated Asian market performance and added information on oil prices
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Version 1.28 (2024-05-27 04:56:46.163000)
updates: Asian markets reflect mixed but generally positive sentiment following a rebound in U.S. stocks. Japan's Nikkei 225 index increased by 0.3%, South Korea's Kospi surged by 0.7%, Australia's S&P/ASX 200 witnessed a gain of 0.7%, China's Shanghai Composite index climbed by 0.3%, and Hong Kong's Hang Seng index experienced a slight decline of 0.2%. Taiwan's Taiex index surged by 1.3% to achieve a new record high, driven by substantial buying activity in computer chip-related shares. U.S. stocks displayed a mixed performance, with the S&P 500 climbing by 0.7%, the Dow Jones Industrial Average increasing marginally, and the Nasdaq composite outperforming with a gain of 1.1%. Treasury yields stabilized, oil prices saw a modest increase, and the U.S. dollar weakened slightly against the Japanese yen. Ongoing economic uncertainties and inflation concerns continue to weigh on global financial markets.
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Version 1.27 (2024-05-27 04:53:13.318000)
updates: Added information about the rebound in Asian shares and the impact on the Australian stock market
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Version 1.25 (2024-05-26 00:52:15.122000)
updates: Nasdaq sets another record, Wall Street rebounds from worst day since April
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Version 1.24 (2024-05-25 05:55:07.173000)
updates: The Dow Jones Industrial Average dropped 2.34% for the week
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Version 1.23 (2024-05-25 04:54:46.666000)
updates: US stocks rebounded, Nasdaq sets record high, Dow down for the week
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Version 1.22 (2024-05-25 03:52:26.684000)
updates: Updated information on stock market rebound and Nasdaq setting another record
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Version 1.21 (2024-05-25 00:55:05.426000)
updates: Updated information on US stock market rebound and Dow's weekly decline
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Version 1.2 (2024-05-24 22:55:58.553000)
updates: Added details about specific companies' performance and consumer sentiment report
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Version 1.19 (2024-05-24 21:52:06.389000)
updates: Revised and expanded story with additional details
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Version 1.18 (2024-05-24 19:52:42.763000)
updates: Updated stock market performance and added information on consumer sentiment and economic data
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Version 1.17 (2024-05-24 18:00:00.924000)
updates: Updated stock market performance and added information on consumer sentiment
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Version 1.16 (2024-05-24 17:54:43.665000)
updates: Updates on stock market performance and analyst forecasts
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Version 1.15 (2024-05-24 15:54:03.439000)
updates: Updated stock market performance and added information on consumer sentiment
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Version 1.14 (2024-05-24 14:55:27.737000)
updates: Updated stock market performance and included new information on Ross Stores and Deckers Outdoor
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Version 1.13 (2024-05-24 14:52:51.124000)
updates: Updates on stock market performance and interest rate concerns
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Version 1.12 (2024-05-24 13:56:07.281000)
updates: Updated information on stock market performance and interest rate concerns
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Version 1.11 (2024-05-24 12:55:10.268000)
updates: Updates on stock market performance and futures
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Version 1.1 (2024-05-24 10:57:16.551000)
updates: Incorporated additional information on global stock market performance and interest rate concerns
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Version 1.09 (2024-05-24 10:56:08.021000)
updates: Integration of new information about global stock market performance and interest rate concerns
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Version 1.08 (2024-05-24 08:56:05.433000)
updates: Asian shares reflect Wall Street's decline amid concerns over interest rates
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Version 1.07 (2024-05-24 08:54:45.751000)
updates: Includes information on global stock market performance and interest rate concerns
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Version 1.06 (2024-05-24 08:53:04.951000)
updates: Asian shares fall, US economic data raises concerns over interest rates
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Version 1.04 (2024-05-24 06:58:28.512000)
updates: Asian markets fall as US data dampens rate cut hopes
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Version 1.03 (2024-05-24 05:57:26.009000)
updates: Asian stocks fall, dollar rise as rate cut wagers waver
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Version 1.02 (2024-05-24 05:54:24.571000)
updates: Updated information on Asian stocks and interest rates
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Version 1.01 (2024-05-24 04:56:01.457000)
updates: Asian stocks fell on speculation of delayed Fed cuts
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Version 1.0 (2024-05-24 04:55:24.088000)
updates: Fears of higher interest rates dampen market sentiment
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Version 0.99 (2024-05-24 03:56:18.702000)
updates: Asian stocks fall as US economic data dampens expectations of interest rate cuts
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Version 0.98 (2024-05-24 03:54:17.686000)
updates: Asian shares slide on worries over interest rates
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Version 0.97 (2024-05-24 03:53:56.479000)
updates: Asian markets fall after US data dent rate cut hopes
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Version 0.96 (2024-05-24 02:53:40.884000)
updates: Asian stocks fall as US economic data boosts dollar and delays rate cut expectations
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Version 0.95 (2024-05-24 01:59:43.322000)
updates: Asian stocks slide, Golden Dragon Index falls, US contracts steady, swaps price rate cut in December, Asian currencies fall, Atlanta Fed President reiterates patience, Treasuries steady, oil steadies
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Version 0.94 (2024-05-24 00:57:19.212000)
updates: Global equity markets retreated as US business activity accelerated
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Version 0.93 (2024-05-23 18:53:10.740000)
updates: Global equity markets rally on lower-than-expected US inflation
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Version 0.92 (2024-05-21 17:57:42.797000)
updates: Global equity markets rally on lower-than-expected US inflation
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Version 0.91 (2024-05-21 12:57:20.803000)
updates: Added information about broad USD sell-off based on positive US data
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Version 0.9 (2024-05-21 07:55:35.075000)
updates: Includes analysis of US data and central bank policy
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Version 0.89 (2024-05-21 05:53:03.891000)
updates: Updates on US inflation, UK labor market, and dollar weakening
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Version 0.88 (2024-05-20 22:52:16.759000)
updates: Updates on the US dollar rally and inflation decline
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Version 0.87 (2024-05-20 20:55:49.640000)
updates: The unexpected surge in inflation and the strengthening of the US dollar
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Version 0.86 (2024-05-20 20:54:43.974000)
updates: The Nasdaq closed at a record high and the USD strengthened in North American trading on May 20, 2024.
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Version 0.85 (2024-05-20 18:55:59.356000)
updates: Updates on US inflation and its impact on the economy and the US dollar
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Version 0.84 (2024-05-20 09:56:03.056000)
updates: Updates on dollar's performance, Fed rate cut expectations, and economic data
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Version 0.83 (2024-05-20 06:55:03.898000)
updates: Updates on US import prices, rate cut expectations, and hawkish Fedspeak
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Version 0.82 (2024-05-20 03:52:33.130000)
updates: Updates on US interest rate path and rate cut expectations
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Version 0.81 (2024-05-18 05:52:31.776000)
updates: The Dow Jones Industrial Average closed above the 40,000 mark for the first time. US Labor Department reported that Consumer Price Index inflation in April rose 3.4% on an annual basis. Jobless claims fell by 10,000. Import prices jumped 0.9% last month, the largest increase in more than two years. The central bank's Federal Open Market Committee is scheduled to meet on June 11 and 12. On Wall Street, the Dow added 0.34% and the S&P 500 rose 0.12%, to post weekly gains for the fifth and fourth straight week, respectively. In Europe, major stock indices settled lower, with London's FTSE 100 shedding 0.2% to snap three weeks of gains. In Asia, markets in Hong Kong and Shanghai rallied after China introduced new measures to bolster the struggling property sector in the world's second-largest economy. Oil prices settled higher on Friday and notched a weekly gain amid an improved demand outlook in the US and China. Brent edged higher by 0.85% to settle at $83.98 a barrel, while West Texas Intermediate added 1% to close at $80.06 a barrel. Gold rose 1.33% to settle at $2,417.40 per ounce, for a third straight weekly gain, boosted by China's real estate measures and US interest rate cut hopes.
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Version 0.8 (2024-05-17 04:54:15.185000)
updates: Incorporated information on hawkish Fedspeak and China data
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Version 0.79 (2024-05-17 01:54:26.475000)
updates: US import prices, economic data, decline in US inflation
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Version 0.78 (2024-05-16 16:54:28.914000)
updates: Includes new information on US import prices and its impact on the dollar
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Version 0.77 (2024-05-16 15:56:07.883000)
updates: The dollar rebounds on strong US import prices, raising concerns about inflation and rate cuts
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Version 0.76 (2024-05-16 09:54:54.336000)
updates: The dollar tumbled against major peers after US CPI data revealed a downtrend in inflation, allowing investors to increase rate cut bets. Asian markets rallied in response to the data.
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Version 0.75 (2024-05-16 07:57:03.711000)
updates: Additional information on Wall Street records and retail sales
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Version 0.74 (2024-05-16 06:56:59.193000)
updates: Added information about Tokyo's market performance and Japan's economy
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Version 0.73 (2024-05-16 05:54:52.657000)
updates: Asian equities rose in response to the data, with investors adjusting their rate cut expectations.
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Version 0.72 (2024-05-16 03:53:39.151000)
updates: Asian markets rally on US inflation data and speculation of rate cuts
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Version 0.71 (2024-05-16 01:55:20.639000)
updates: The US dollar is weakening as slower inflation in the US increases expectations of a rate cut. This has led to a decline in the value of the dollar against other major currencies. The market is anticipating that the Federal Reserve will lower interest rates to stimulate economic growth. The weakening dollar is also a result of concerns over the ongoing trade tensions between the US and China. Investors are seeking safer assets, such as the Japanese yen and the Swiss franc. The decline in the dollar is expected to benefit exporters and emerging market currencies. The US inflation data and the Federal Reserve's decision on interest rates will be closely watched by market participants.
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Version 0.71 (2024-05-16 01:55:20.639000)
updates: The US dollar is weakening as slower inflation in the US increases expectations of a rate cut. This has led to a decline in the value of the dollar against other major currencies. The market is anticipating that the Federal Reserve will lower interest rates to stimulate economic growth. The weakening dollar is also a result of concerns over the ongoing trade tensions between the US and China. Investors are seeking safer assets, such as the Japanese yen and the Swiss franc. The decline in the dollar is expected to benefit exporters and emerging market currencies. The US inflation data and the Federal Reserve's decision on interest rates will be closely watched by market participants.
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Version 0.7 (2024-05-16 00:54:31.736000)
updates: Asian markets rise on positive sentiment and rate cut expectations
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Version 0.69 (2024-05-15 23:53:42.881000)
updates: Includes information on US CPI data and its impact on markets
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Version 0.68 (2024-05-15 19:53:02.115000)
updates: Includes information on US CPI data and its impact on markets
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Version 0.67 (2024-05-15 15:57:34.422000)
updates: Updates on US inflation data, interest rate cuts, Eurozone rate cuts, and meme stocks
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Version 0.65 (2024-05-14 19:57:58.821000)
updates: Updates on US inflation data and Fed's monetary policy
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Version 0.64 (2024-05-14 17:53:58.842000)
updates: Updates on US Producer Price Index (PPI) and Powell's remarks
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Version 0.63 (2024-05-14 10:53:45.776000)
updates: The US dollar remains steady as the economy awaits crucial fed data metrics revelations. The DXY index projects occasional variations in the metrics, bringing in volatility in the USD. The upcoming CPI data reveal on Wednesday is expected to be a crucial update for the USD. The Federal Reserve's stance on keeping rates neutral and unchanged has been well-received. The US dollar index today is projecting in green, trading at 105, up 0.02%. The anticipation for the Federal Reserve's next meeting is already showing, with updates based on softer than expected labor data. The patching up of general economic health will help the USD recover. The US consumer sentiment index has dropped to 67.4, indicating a distasteful stance on the worsening US economy. This may compel the Federal Reserve to share its analysis on inflation sooner.
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Version 0.62 (2024-05-14 05:53:02.535000)
updates: The article provides additional information on the focus of traders in the foreign exchange market, the expectation of rate cuts by the Federal Reserve, and the upcoming US inflation data. It also mentions the weakness of the yen and the potential impact of interest rate cuts on the US dollar and stock market.
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Version 0.61 (2024-05-14 03:52:48.625000)
updates: The article provides additional details on the focus of traders on US inflation data and the weakness of the yen
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Version 0.6 (2024-05-14 02:57:24.316000)
updates: The dollar slid versus most major currencies on Monday amid expectations key US data this week will show a slowing pace of inflation and consumer spending at a time of recovering European economies that also could be bolstered by interest rate cuts. The Federal Reserve is now expected to cut rates by 25 basis points as early as September and perhaps again in December. The consumer price index on Wednesday is expected to show that core CPI rose 0.3% month-over-month in April, down from 0.4% the prior month. US retail sales also will be reported on Wednesday and industrial production on Thursday. Markets are pricing in around an 80% chance of a rate cut by the Fed’s September meeting, with almost 44 basis points (bps) of reductions in total expected in 2024. The dollar index fell 0.24% to 105.08, while the euro was up 0.33% at $1.0804. Sterling was up 0.31% at $1.2625 before labor market data on Tuesday. The dollar strengthened against the yen 0.1% to 155.88. China's offshore yuan rose 0.05% to 7.2378 while the onshore yuan fell to its lowest since April 30 at 7.2274. Bitcoin was up 4.15% at $62,991.00. [d086d13f] [8c34db9f] [ca23f457] [6ea6f9a4]
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Version 0.59 (2024-05-14 01:59:38.180000)
updates: The article provides an overview of the market trends and key economic data, including the Canadian Mar Building Permits, French BTF Auctions, US Consumer Inflation Expectations, and US Bill Auctions. It also mentions the performance of various currencies, such as the euro, pound, Canadian dollar, and yen, in relation to the US dollar. Additionally, it highlights the performance of gold, oil, and stock markets. The article emphasizes the importance of US inflation data in driving the Federal Reserve's decision on interest rates. [ca23f457]
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Version 0.58 (2024-05-14 01:54:51.100000)
updates: Traders are closely watching US inflation data as the dollar drifts and the yen remains weak
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Version 0.57 (2024-05-14 01:54:15.012000)
updates: The article provides additional details on the impact of US inflation data on the dollar and mentions the weakness of the yen.
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Version 0.56 (2024-05-14 00:52:39.741000)
updates: The dollar slid versus most major currencies on Monday amid expectations key US data this week will show a slowing pace of inflation and consumer spending at a time of recovering European economies that also could be bolstered by interest rate cuts. The Federal Reserve is now expected to cut rates by 25 basis points as early as September and perhaps again in December. The consumer price index on Wednesday is expected to show that core CPI rose 0.3% month-over-month in April, down from 0.4% the prior month. US retail sales also will be reported on Wednesday and industrial production on Thursday. Markets are pricing in around an 80% chance of a rate cut by the Fed’s September meeting, with almost 44 basis points (bps) of reductions in total expected in 2024.
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Version 0.55 (2024-05-13 22:53:24.615000)
updates: The article provides additional details on the US dollar's performance and the focus on the Federal Reserve's monetary policy and US inflation data. It also mentions important economic events for May 14, 2024.
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Version 0.54 (2024-05-13 16:54:38.666000)
updates: Integration of new information about the US dollar slipping as market awaits key inflation data
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Version 0.53 (2024-05-13 16:53:24.016000)
updates: Focus on Federal Reserve's monetary policy and US inflation data driving US dollar strength
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Version 0.52 (2024-05-13 16:00:07.472000)
updates: The dollar is slipping as market awaits key inflation data, raising expectations of rate cuts
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Version 0.51 (2024-05-13 08:54:44.948000)
updates: Shares could start mixed amid caution over Fed's rate outlook
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Version 0.49 (2024-05-10 02:57:05.980000)
updates: Asian stocks rally on renewed global rate cut optimism
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Version 0.48 (2024-05-10 01:52:53.535000)
updates: US jobless claims surge, indicating signs of softening in the labor market. Asian markets react to rate cut optimism fueled by higher US jobless claims. Chinese stocks outperform due to solid trade data. The yen stabilizes after three days of decline as Japanese authorities hint at potential currency intervention. Oil prices rise on mounting expectations for lower interest rates. Gold price climbs as US Treasury yields drop.
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Version 0.47 (2024-05-09 06:56:00.596000)
updates: Asian shares mixed as Chinese stocks outperform on solid trade data
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Version 0.46 (2024-05-09 02:58:01.131000)
updates: Asian shares subdued as China trade data awaited
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Version 0.45 (2024-05-08 22:54:28.250000)
updates: Asian stocks lacked direction, Wall Street stocks slid, yen weakened, European stocks rose to a record high, stocks on Wall Street slid as a downbeat forecast from Uber knocked its shares down 5.7%, MSCI's gauge of stocks across the globe fell 0.18%, Europe's STOXX 600 index rose 0.34% to a record close, U.S. gold futures for June delivery settled 0.1% lower at $2,322.30 per ounce
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Version 0.44 (2024-05-08 21:53:04.451000)
updates: Mixed signals from US policymakers impact Asian, European, and Wall Street markets
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Version 0.43 (2024-05-08 19:54:16.832000)
updates: European stocks advanced, with London hitting a record high, driven by hopes of interest rate cuts as inflation eases. Wall Street stocks slid as its rally on rate cuts ran out of steam. Oil prices fell on demand concerns amid ample US stocks. London's FTSE 100 index reached an all-time peak. Frankfurt and Paris stocks also rose, boosted by speculation that the European Central Bank could cut rates soon. Sweden's central bank cut its key interest rate for the first time in eight years. The US Federal Reserve is not expected to cut rates before September. Major Asian markets fell. Oil prices fell amid demand concerns and ample stocks. New York's Dow was down 0.2 percent, S&P 500 down 0.4 percent, Nasdaq Composite down 0.6 percent. London's FTSE 100 was up 0.3 percent, Paris' CAC 40 up 0.7 percent, Frankfurt's DAX up 0.2 percent. Euro/dollar was down at $1.0749, pound/dollar down at $1.2476, dollar/yen up at 155.56 yen, euro/pound up at 86.15 pence. West Texas Intermediate down 0.8 percent at $77.79 per barrel, Brent North Sea Crude down 0.8 percent at $82.53 per barrel.
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Version 0.42 (2024-05-08 14:57:08.136000)
updates: Includes information about Wall Street market and interest rate cuts
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Version 0.41 (2024-05-08 09:57:42.313000)
updates: European stocks rise, dollar climbs as Fed rate path pondered
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Version 0.4 (2024-05-08 09:55:33.577000)
updates: Inclusion of European market reaction to mixed signals from US policymakers
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Version 0.39 (2024-05-08 06:52:09.847000)
updates: Incorporated additional details on Asian stocks and dollar performance
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Version 0.37 (2024-05-08 02:55:32.635000)
updates: Mixed signals from US policymakers impact Asian stocks
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Version 0.36 (2024-04-22 03:20:14.922000)
updates: Asian stocks recover, oil and gold retreat amid eased Middle East tensions
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Version 0.35 (2024-04-19 19:26:08.732000)
updates: Global stock market retreat due to Middle East tensions
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Version 0.34 (2024-04-19 09:23:12.294000)
updates: Integration of new information about Iran's actions and their impact on oil prices and equities
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Version 0.33 (2024-04-19 08:19:03.201000)
updates: Includes information about the semiconductor sell-off and its impact on the Asian stock market
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Version 0.32 (2024-04-19 07:20:27.599000)
updates: Updated information on Asian stock market decline and Middle East tensions
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Version 0.31 (2024-04-19 06:14:18.628000)
updates: Asian markets decline due to Middle East tensions
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Version 0.3 (2024-04-19 05:22:10.901000)
updates: Asian markets sink, Mideast tensions, semiconductor-related shares
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Version 0.28 (2024-04-03 07:18:00.579000)
updates: Tokyo stocks close lower on weak tech and caution ahead of U.S. data
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Version 0.27 (2024-03-28 07:23:22.777000)
updates: Japanese equities close lower, Nikkei 225 falls 1.57%
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Version 0.26 (2024-03-27 07:23:28.184000)
updates: Japan equities higher at close of trade on Wednesday
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Version 0.25 (2024-03-26 07:19:58.854000)
updates: Information about the performance of Japanese equities on Tuesday
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Version 0.24 (2024-03-25 07:20:28.066000)
updates: The Nikkei 225 fell 1.10% at close of trade on Monday
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Version 0.23 (2024-03-22 07:19:01.883000)
updates: Updated information on the performance of Japanese equities and the Nikkei 225
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Version 0.22 (2024-03-21 07:25:56.343000)
updates: Japanese equities surge, Nikkei 225 hits all-time high
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Version 0.21 (2024-03-18 06:24:28.303000)
updates: Japanese equities lead Asian market as Nikkei surges
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Version 0.2 (2024-03-14 08:26:33.411000)
updates: Asian currencies retreat as dollar stabilizes ahead of US data release
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Version 0.19 (2024-03-14 07:17:30.189000)
updates: Additional details on US data releases and US-China relations
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Version 0.18 (2024-03-14 06:17:07.372000)
updates: Investors await US data for insights into Fed rate policy
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Version 0.17 (2024-03-12 14:21:22.686000)
updates: The Federal Reserve's upcoming policy decisions will be closely guided by a stream of crucial economic data, particularly focusing on inflation, employment, and retail sales trends. The central bank has signalled a potential reduction in rates pending more confidence in inflation easing towards its 2 per cent target. The Consumer Price Index (CPI) registered a higher-than-expected 3.2 per cent year-on-year increase in February, driven mainly by rising petrol and shelter costs. The core CPI, which excludes food and energy costs, only saw a marginal decline to 3.8 per cent, underlining persistent inflationary pressures. Despite robust job gains of 275,000 in February, concerns linger over wage growth moderation and its impact on inflation dynamics. The Fed closely monitors the Job Openings and Labor Turnover Survey (JOLTS) for insights into labour supply-demand dynamics. Retail sales contracted more than expected in January, signalling a potential slowdown in consumer spending after a robust holiday season.
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Version 0.16 (2024-03-12 14:19:24.222000)
updates: Goldman Sachs predicts U.S. core inflation will resume its decline
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Version 0.15 (2024-03-12 11:30:56.925000)
updates: The US CPI inflation report is expected to be dovish for the USD due to soft employment numbers and market expectations of impending FED rate cuts.
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Version 0.14 (2024-03-12 10:20:54.459000)
updates: Bloomberg Economics predicts that the monthly report on US consumer prices, set to be released on Tuesday, will not convince Federal Reserve officials to lower interest rates. They expect the core consumer price index (CPI), excluding food and energy, to have risen 0.3% in February, with a year-over-year increase of 3.7%. However, they do not believe this will provide enough evidence of disinflation to boost the Fed's confidence to cut rates. They anticipate that the Fed may have enough confidence to cut rates as early as May, as inflation and the labor market cool further. Bloomberg Economics also believes that the spike in owners' equivalent rent (OER) in January was an aberration and expects both primary rents and OER to rise by a more moderate 0.4% in February. Falling prices for goods, particularly new and used cars, will continue to drive the moderation in core inflation.
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Version 0.13 (2024-03-12 09:20:50.340000)
updates: Discussion of the importance of the upcoming US CPI data in determining the magnitude and pace of future rate cuts by the Federal Reserve
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Version 0.11 (2024-03-11 14:23:51.140000)
updates: Traders are awaiting the Consumer Price Index (CPI) report set for Tuesday to gain insight into inflationary trends in the US economy. The market's reaction to the report will shape expectations regarding the Federal Reserve's monetary policy decisions. The stability of the Dollar Index (DXY) on Monday is likely due to position squaring and profit-taking activities ahead of the CPI report. The recent mixed jobs data, which showed significant job growth but an increased unemployment rate, adds complexity to the Federal Reserve's rate decision. The short-term outlook for the DXY is leaning towards bearish, depending on the CPI data. The US Dollar Index is trading at 102.888, up 0.14%. The broader currency market is also impacting the DXY's position, with the Euro gaining strength and the Yen weakening. The intermediate and long-term trends for the DXY are down, and the index is likely to continue its downtrend unless the CPI report changes its course. The DXY's resistance levels are at 103.487 and 103.712, while support levels are at 102.853 and 101.950.
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Version 0.1 (2024-03-11 08:19:01.840000)
updates: Updated information on US CPI data and UK economic indicators
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Version 0.09 (2024-03-11 06:22:00.158000)
updates: The US CPI data release and its impact on the cryptocurrency market
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Version 0.07 (2024-03-10 20:18:20.740000)
updates: Traders are concerned about a potential rebound in inflation when the latest data is released on Tuesday. The S&P 500 Index has been rising due to an improving earnings outlook and a resilient U.S. economy, but gains could be reversed if the monthly consumer price index shows stubborn inflation. Traders are looking for clues about the health of the U.S. economy and the Federal Reserve's next moves. Financial markets are bracing for the possibility that the Fed will keep borrowing costs higher for longer than hoped, making a May rate cut doubtful. The last CPI print on February 13 showed the largest increase in U.S. consumer prices in eight months, causing the S&P 500 to drop 1.4%. The market is becoming more sensitive to inflation reports, and investors are optimistic that inflation is slowing but acknowledge it may take longer than expected. The upcoming CPI report is expected to show a 0.4% increase in prices from January to February, with the core CPI rising 0.3% monthly and 3.7% year-on-year.
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Version 0.06 (2024-03-10 18:22:16.974000)
updates: Traders on alert for potential rebound in inflation
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Version 0.05 (2024-03-10 12:20:47.556000)
updates: Updates on US CPI, UK wage growth, and market sentiment
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Version 0.04 (2024-03-10 12:17:48.739000)
updates: US CPI and UK wage growth data to be released
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Version 0.03 (2024-03-09 17:18:18.221000)
updates: Inclusion of upcoming consumer inflation data and its impact on interest rate policy
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Version 0.01 (2023-11-27 21:39:24.712000)
updates: Incorporated information on PMI surveys and their impact on market expectations
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