Eurozone

Mid-Morning Market Update: Markets Open Higher; Halliburton Sales Miss Estimates

Following the market opening Monday, the Dow traded up 0.01% to 26774.00 while the NASDAQ rose 0.72% to 8,147.59. The S&P also rose, gaining 0.49% to 3,000.76. Leading and Lagging Sectors Financial shares climbed 1% on Monday. Meanwhile, top gainers in the sector included Sutter Rock Capital Corp. (NASDAQ: SSSS), up 7%, and Prudential plc (NYSE: PUK), up 5%. In trading on Monday, health care shares fell 0.2%. Top Headline Halliburton Company (NYSE: HAL) reported in-line earnings for its third…

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Negative rates forever? Central bankers look for an exit

WASHINGTON — The world’s most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own. In an ideal world, elected officials would pull more of the weight with fiscal programs and structural reforms that would improve growth and allow interest rates to rise. But over three days of conversation here, the dilemma has become…

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Brexit deal helps keep euro close to 7-week high

LONDON — The euro was hovering on Friday around the seven-week high it reached against the U.S. dollar on Thursday as hopes that a Brexit deal between Britain and the European Union could prevent an economic recession in the euro zone. The common currency has been rattled this year by dismal manufacturing data, as well as by worries that deepening economic tensions between the United States and China could make euro zone economies grow even slower. But with Britain’s prime…

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Mid-Afternoon Market Update: Crude Oil Up 1%; Tech Data Shares Spike Higher

Toward the end of trading Wednesday, the Dow traded down 0.02% to 27018.11 while the NASDAQ fell 0.32% to 8,122.93. The S&P also fell, dropping 0.!6% to 2,990.97. Leading and Lagging Sectors Consumer Discretionary shares climbed 0.5% on Wednesday. Meanwhile, top gainers in the sector included Tenneco Inc. (NYSE: TEN), up 9%, and Puxin Limited (NYSE: NEW), up 8%. In trading on Wednesday, energy shares fell 1%. Top Headline Bank of America Corporation (NYSE: BAC) reported better-than-expected Q3 results. Bank…

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Daily Markets Broadcast 2019-10-15 – MarketPulseMarketPulse

Posted 2 hours ago Share Print Daily Markets Broadcast 2019-10-15 Equities ease as China says more talks needed US indices gave back a small bit of the previous two days’ gains yesterday as China said more talks are needed to hammer out the details of the Phase 1 trade deal before President Xi Jinping would sign it. Turkey is facing US sanctions over Syria advance. Hong Kong violence escalates. A UK Brexit deal may be getting closer.   US30USD Daily…

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More Surprises in Store for Gold?

By Joe Foster, Portfolio Manager and Strategist for VanEck Consolidation Looms but Risks Loom Larger Since June, the gold price has enjoyed a relentless advance of over $250 per ounce, to a six-year high of $1,557 on September 4, then spent the rest of September consolidating around the $1,500 level. The gold price found support on September 12 when the European Central Bank (ECB) joined the U.S. Federal Reserve Bank (Fed) in a monetary about-face by easing policy nine months…

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USD/CAD – Canadian Dollar Responds to Jobs Numbers

(MENAFN – Baystreet.ca) The Canadian dollar extended yesterday’s gains in an active overnight session. Traders were scrambling to unwind safe-haven trades after positive developments on the U.S./China trade front and Brexit news.The British pound recorded the largest gain against the U.S. dollar this week and it is also the best performing currency overnight. GBP/USD soared to $1.2684 from $1.2205 yesterday following meetings between U.K. Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar. The two leaders announced they “could…

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Dollar takes a dive, euro catapulted higher as U.S.-China talks start

LONDON (Reuters) – A dive in the dollar catapulted the euro higher and flattened stocks on Thursday, as the first U.S.-China trade talks since July and a report accusing the European Central Bank chief Mario Draghi of going rogue jostled for attention. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 9, 2019. REUTERS/Staff Markets were bombarded from all sides by denials and counter-denials on both the U.S.-China trade talks and the…

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Mid-Morning Market Update: Markets Open Lower; Domino’s Pizza Earnings Miss Expectations

Following the market opening Tuesday, the Dow traded down 1.15% to 26173.94 while the NASDAQ fell 1.45% to 7841.12. The S&P also fell, dropping 1.34% to 2,900.40. Leading and Lagging Sectors Utilities shares slipped by just 0.4% on Tuesday. Meanwhile, top gainers in the sector included RGC Resources, Inc. (NASDAQ: RGCO), up 0.2%, and Vistra Energy Corp. (NYSE: VST), up 0.3%. In trading on Tuesday, financial shares fell 1.6%. Top Headline Domino’s Pizza, Inc. (NYSE: DPZ) reported weaker-than-expected results for…

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Portugal election: Socialists win without outright majority

Image copyright Reuters Portugal’s Prime Minister Antonio Costa has won re-election, however he has no outright majority in parliament. With over half of the votes counted so far, his Socialist party led with 36.7% and will have to form a minority government. Mr Costa said he was delighted with the result and added that voters had shown they wanted stability. The party’s rival, the centre-right Social Democratic Party, has come in second place. Mr Costa said Portuguese voters had shown…

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