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Archive US: Trading

  • *Bank of England predicts inflation to overshoot targets. Treasury prices fell on Thursday, with long-dated bonds underperforming, after the Bank of England scrapped plans to cut interest rates and indicated that inflation is likely to rise further. "We are responding to the bearishness of the Bank of England statement," said Tom Tucci, head of Treasuries...

  • *UK court rules parliament approval must to trigger Brexit. Tension in global markets rattled by U.S. election nerves eased after a UK court ruling that parliament must approve a government decision to trigger Brexit. Facebook fell 5 percent to $120.87 in premarket trading, a day after the social media giant warned that revenue growth would slow this quarter.

  • The company, whose shares were up 7.5 percent at $5.71 in premarket trading, said total operating expenses slumped nearly 63 percent in the third quarter ended Sept. 30. Chesapeake, which has been trying to reduce its crippling debt load, also said it was planning to sell more assets this year, including a portion of its Haynesville Shale acreage in Louisiana.

  • Egypt's blue chip equity index soared 8.3 percent and sovereign dollar bonds rallied as much as 2 cents across the curve after the central bank devalued the pound by around a third and raised interest rates by 300 basis points. A floating currency was a key plank of an International Monetary Fund aid programme and the fund has said a $12 billion loan programme...

  • LONDON, Nov 3- World stocks wallowed near a four-month low as U.S. election uncertainty knocked the dollar, and futures pointed to the longest losing streak for the S&P 500 since the 2008 financial crisis. Investors were unsettled by media reports that some agents at the FBI had wanted to press ahead with an investigation of the Clinton Foundation, the latest...

  • NEW YORK, Nov 2- Global equity prices and the dollar slid for the second straight day on Wednesday, while safe-haven assets such as gold rallied as investors shunned risk in response to signs the U.S. presidential race was tightening just days before the vote. Investors were beginning to rethink their long-held bets of a victory for Democratic candidate Hillary...

  • Nov 2- The S&P 500 ended lower on Wednesday for a seventh straight session, its longest such streak in five years, as the Federal Reserve signaled it could hike interest rates in December and the uncertain U.S. election continued to cloud the market's outlook. It was the last Fed decision before next week's presidential election between Democrat Hillary Clinton...

  • Gold breaks above $1,300 – what’s next?

    A look at the metal’s next move, with Chad Morganlander of Stifel Nicolaus, Craig Johnson of Piper Jaffray, and Brian Sullivan.

  • How to play the rise of artificial intelligence

    What’s the best way to profit off of artificial intelligence? Rob Lutts of Cabot Wealth Management discusses with Brian Sullivan.

  • NEW YORK, Nov 2- Global equity prices and the dollar slid for the second straight day on Wednesday, while safe-haven assets such as gold rallied as investors shunned risk in response to signs the U.S. presidential race was tightening just days before the vote. Investors were beginning to rethink their long-held bets of a Nov. 8 victory for Democratic candidate...

  • Nov 2- Wall Street stayed weak on Wednesday after the Federal Reserve kept interest rates unchanged but signaled it could hike in December, as equities remained pressured by uncertainty over the impending U.S. elections. It was the last Fed decision before next week's presidential election between Democrat Hillary Clinton and Republican Donald Trump, a race...

  • *Fed holds rates steady in last decision before election. Nov 2- Wall Street stayed weak on Wednesday after the Federal Reserve kept interest rates unchanged but signaled it could hike in December. "The Fed is teasing investors by inserting language to suggest they need just a little bit more evidence of progress towards its objectives," said Brian Jacobsen, chief...

  • Brazilian oil giant could tank: Technician

    Rich Ross of Evercore ISI sees trouble in store for Brazilian oil giant Petrobras.

  • Nov 2- U.S. stocks fell on Wednesday, with the S&P 500 headed for seventh day of losses as a tightening race for the White House rattled investors and a fall in oil also weighed on sentiment. Investors are rethinking their long-held bets of a Nov. 8 victory for Democrat Hillary Clinton amid signs that her Republican rival Donald Trump could be closing the gap.

  • NEW YORK, Nov 2- Global equity prices and the dollar slid for the second straight day on Wednesday, while safe-haven assets such as gold rallied as investors were rattled by signs the U.S. presidential race was tightening just days before the vote. Investors were beginning to rethink their long-held bets of a Nov. 8 victory for Democratic candidate Hillary...

  • Nov 2- U.S. crude oil stockpiles soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department started keeping records in 1982, bolstered by hefty imports and a decline in refining runs. Oil prices fell after the data, with benchmark U.S. crude futures dropping 3.3 percent, or $1.57, to $45.12 a barrel, their lowest level...

  • Nov 2- U.S. stocks opened lower on Wednesday, with the S&P 500 falling for the seventh straight day as a tightening race for the White House prompted investors to seek safe-haven assets such as gold. Investors are rethinking their long-held bets of a Nov. 8 victory for Democrat Hillary Clinton amid signs that her Republican rival Donald Trump could be closing the...

  • Nov 2- Wall Street looked set to open lower on Wednesday as a tightening race for the White House prompted investors to seek safe-haven assets such as gold. Investors are rethinking their long-held bets of a Nov. 8 victory for Democrat Hillary Clinton amid signs that her Republican rival Donald Trump could be closing the gap. "As the polls change, the market is...

  • Investor anxiety over the election after the renewal of an FBI probe into Democratic candidate Hillary Clinton's emails knocked European stocks to near four-month lows and sent the dollar to its lowest since early October. Spot gold was up 0.6 percent at $1,295.98 an ounce at 1030 GMT, while U.S. gold futures for December delivery were up $9.20 an ounce at...

  • Nov 1- Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that...