Federal Reserve Monitoring Inflation Progress
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Federal Reserve officials expressed satisfaction with the progress made thus far in reducing inflation. However, they remain cautious about the effectiveness of…
U.S. Stocks Surge as Big Three Indexes Record Largest Weekly Gains of 2023
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The U.S. stock market closed with significant gains on Friday, as equities continued their impressive rally. This surge resulted in the big…
Norwegian Central Bank Holds Key Policy Rate, Expects Increase Later
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The Norwegian central bank has decided to maintain its key policy rate at the current level of 4.25%. However, it confirms that…
Nasdaq Composite Index Falls into Correction Territory
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The Nasdaq Composite Index has recently fallen into its 70th correction territory in history. This drop comes as long-term Treasury yields continue…
Israeli Shekel Weakening Amidst Conflict with Hamas
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The Israeli shekel experienced its eighth consecutive decline on Thursday, reaching its lowest point against the dollar since 2015. The ongoing conflict…
Eurozone Inflation Slows in September, Confirms Estimates
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The Eurozone experienced a slower pace of price growth in September compared to August, according to the European Union statistics body Eurostat….
Oil Prices Fall as OPEC Prepares to Meet for Output Discussion
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The recent increase in bond yields has resulted in a decline in oil prices, as concerns over higher borrowing costs potentially weakening…
The Surprising Resilience of Big Tech Stocks
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In a turn of events that defies conventional wisdom, Big Tech stocks have been on the rise even as interest rates have…
German Inflation Shows Slight Decline in August
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German inflation experienced a slight decline in August, while the core rate remained steady. This confirms previous estimates and raises questions about…
Stocks in Toronto Rise Despite Unexpected Economic Contraction
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In a surprising turn of events, stocks in Toronto experienced strong growth on Friday, reaching a one-month high. This comes as investors…
Chinese Banks Lower Deposit Rates
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Chinese banks, including major state lenders, have decided to lower interest rates on a range of yuan deposits in order to safeguard…
Corporate Profits Under Pressure from Higher Interest Rates
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Corporate profits are starting to feel the pinch of higher interest rates, but so far their stocks are holding up. Companies will…