-- Gold prices moved little in Asian trade on Wednesday, hovering around a key support level as traders hunkered down before more definitive cues on U.S. rates from a Federal Reserve meeting and inflation data.
Markets are gearing up for a big day on the U.S. economic calendar.
It's just an hour to the end of the trading day and the clock is ticking! Market Domination Hosts Julie Hyman and Josh Lipton guide investors through the home stretch all the way to the market close, breaking down leading market stories and top trending stocks. Path Trading Partners Co-Founder and Chief Market Strategist Bob Iaccino provides context as to where oil (CL=F, BZ=F) and gas prices (RB=F) could be headed this summer due to OPEC+'s production cuts. Apple (AAPL) is no short-supply of opportunities this week as Affirm (AFRM) is partnering with the tech giant to integrate buy now, pay later (BNPL) loans into Apple Pay. Needham Senior Media and Internet Analyst Laura Martin explains where she stands on Apple entering the AI race so late into the game. This post was written by Luke Carberry Mogan.
The Treasury Department offered 4.438% interest on the 10-year note, lower than the average of six such sales of 4.324%. This gap, called a stop through, indicates it was a strong auction because the government didn’t have to entice investors with higher yield to buy its debt. Today’s auction was a reopening: The Treasury Department simply sold more previously issued 10-year notes.
-- Most Asian currencies steadied from recent losses on Thursday, while the dollar hovered around four-month highs after a Donald Trump victory in the presidential...
By Joe Cash BEIJING (Reuters) -China's exports grew at the fastest pace in over two years in October as factories rushed inventory to major markets in anticipation of further...
-- China’s trade balance grew more than expected in October, as export growth blew past expectations on robust overseas demand and local production, while imports...
The Energy Information Administration (EIA) has released its latest data on {{8849|U.S. crcrude oil inventories, revealing a significant increase that has exceeded both forecasts...
Consumers are currently the most bullish on the outlook for stocks since May 2021. We have highlighted five ETFs having a solid Zacks ETF Rank #1 (Strong Buy) or 2 (Buy) that could be compelling ways to tap this bullish view.
After peaking at 5.02% in October, the benchmark U.S. 10-year Treasury note yield plummeted over 120 basis points (bps) as traders priced in as much as 150 bps of Fed rate cuts this year. Mostly-strong U.S. economic data and inflation still higher than the Fed's target have pushed financial markets to limit those expectations to only two 25-bp rate reductions this year, starting September.