World’s largest olive oil company surges over 20% as rivals circle in takeover battle
Shares of Spain's Deoleo jumped over 20% on Wednesday afternoon amid an intensifying takeover battle for the world's largest olive oil bottler and marketer.
Market Analysis
Canada: EU protectionist shift challenges diversification – NBC
National Bank of Canada’s (NBC) Angelo Katsoras argues that Canada’s push to diversify exports away from the United States (US) toward the European Union (EU) faces growing obstacles as EU industrial policy turns more p…
Japanese Yen gains as US Dollar retreats ahead of FOMC Minutes
USD/JPY edges lower on Wednesday as the US Dollar (USD) loses momentum and retreats toward the June lows touched earlier this week. At the time of writing, the pair trades around 159.10, down 0.32% on the day.
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Remarkably Benign UK Food Prices Keep a Lid on Inflation
A material spike in oil and, crucially, natural gas prices this July would make it harder for the Bank of England to avoid hiking rates. We're pencilling in a one-and-done rate rise this summer
Bitcoin Just Hit 8 of 12 Capitulation Signals; VanEck Thinks the Pain May Be Nearing Its End
Bitcoin posted a modest recovery on Wednesday, which helped it climb above $64,000. The cryptocurrency is still almost 50% down from its all-time high, but VanEck’s latest analysis revealed that 8 of 12 tracked signals …
Nasdaq 100 Under Pressure From Rising Yields, Oil Prices: What to Watch Today
The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are up +0.03%…
US Dollar: Fed minutes watched as rate doubts grow – Commerzbank
Commerzbank’s Antje Praefcke says markets will scrutinize the latest Fed minutes for clues on how close policymakers remain to another rate hike after weaker US labour and inflation data reduced expectations for a hike …
Stocks Finish Lower as Chipmakers and AI Stocks Fall
The S&P 500 Index ($SPX) (SPY) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.68%. E-mini S&P futures (ES…
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JP Morgan warns rebound in UK inflation is ‘warning shot for what could come next’; oil prices rise again – business live
Inflation rebound driven by biggest jump in gas bills since October 2022; Asian shares slump after Wall Street chip sell-off
Gold Price Forecast: XAU/USD bounces to $4,370, but upside momentum is fading
Gold (XAU/USD) trades moderately higher on Wednesday and returns to the $4,370 area, after finding buyers near the $4,300 area on Tuesday. A broad-based US Dollar weakness amid lower US yields ahead of the release of Ju…
Silver has rebounded to $63, but inflationary risks hold buyers back
Silver (XAG/USD) stabilizes around $63.45 on Wednesday, up 0.16% on the day at the time of writing. The white metal is attempting to regain its footing after hitting an intraday low of $62.19, initially extending the pu…
Gold’s rally isn’t over, says UBS — what’s behind its $5,400 target?
Gold tested $4,900 during Monday's session before rebounding to test the $5,000 psychological barrier on Tuesday.
UK July inflation hits four-month high as energy costs surge
Prime Minister Andy Burnham has pledged to do what he can to help Britons through “really hard” times as cost pressures mount after figures showed inflation surging to a four-month high and forecasts for more pain ahead.
3% Real TIPS Yields: Boring but Valuable
Investors face a challenging environment during the second half of 2022, needing to navigate rising interest rates, high inflation and resurfacing geopolitical risks. In the near term, gold will likely remain reactive t…
Important Ripple News and XRP Price Update: August 19
Although the past week was quite unpleasant for XRP token holders in terms of price action, the company behind the asset made a few significant moves.
Viral Altcoin Explodes to New All-Time High, Bitcoin (BTC) Touched $65K: Market Watch
Bitcoin’s price suddenly jumped by a grand yesterday and tapped $65,000 for the first time in over a week, before it was stopped and now sits at around $64,000 again.
US Dollar Is Losing Its Front-End Rate Cushion Today
The global bond market is facing a systemic stress test that extends well beyond the Federal Reserve. The triple forces of stubborn inflation, government fiscal expansion, and the artificial intelligence (AI) investment…
Shares in humanoid robot firm Unitree surge 600% on Chinese stock market debut
Unitree, the world’s biggest humanoid robot maker, has made a spectacular entry on to China’s stock market, with its shares surging by more than 600%.
SEC Unveils ‘Regulation Crypto Assets’: New $5M and $75M Path for Token Offering
The Securities and Exchange Commission (SEC) proposed a new rule on August 18 that would let crypto companies raise money through two exemptions from standard securities registration.
Crypto Genesys Goes Live on 1win in Limited Platform Release
1win , a crypto entertainment platform, has added Crypto Genesys, Pragmatic Play’s new crypto-themed slot, giving its players access to a title currently available across only a limited selection of gaming platforms.
Stocks Finish Lower as Chipmakers and AI Stocks Fall
The S&P 500 Index ($SPX) (SPY) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.68%. E-mini S&P futures (ES…
Nvidia Stock Won't Be Overvalued by 2028: My Case for Buying NVDA Today
Nvidia's revenue is expected to nearly double in its second quarter, making the stock look like a good value.
Bitcoin Back Above $100K? Scaramucci Says the 2028 Halving Holds the Key
SkyBridge Capital founder and managing partner Anthony Scaramucci told CNBC’s Squawk Box on Tuesday that Bitcoin (BTC) will climb back over $100,000 as the halving cycle tightens prices, a level the asset has not closed…
European Shares Seen Lower As Investors Weigh Rising Inflation Risks
(RTTNews) - European stocks may drift lower at open on Wednesday as investors weigh inflation risks and fret over the huge valuations of big AI players.