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US stocks rise after Trump sticks to script on China

Yakob Peterseil and Vildana HajricMay 30, 2020 – 6.27amNew York | US stocks erased losses and closed mostly higher after President Donald Trump stopped short of implementing draconian economic restrictions against China even as he blasted the country for its actions on the pandemic and in Hong Kong.The S&P 500 ended May on an up…


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ASX to rise; Caution on China high

LiveUpdated May 25, 2020 – 8.30am, first published at 7.53amKey PointsThe Australian sharemarket is poised to rise at the open this morning.Tensions between the US and China continue to simmer.6 mins ago – 8.30amSandfire to restart drilling in BotswanaWilliam McInnesSandfire Resources is set to resume exploration activity in Botswana by early June after the government…


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Wall Street caps best week since 1974 on latest Fed stunner

Apr 10, 2020 – 6.52amNew York | Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.The central bank announced programs to provide up to $US2.3 trillion ($3.6 trillion) in loans to households, local governments and…


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Dow Futures Crash 1,000 Points as Fed’s Bullard Cites -50% U.S. GDP

Stock market futures crashed limit down across the board on Sunday as the coronavirus crisis continued. Fueling the capitulation, Fed President James Bullard cited the possibility of a -50% GDP reading in Q2 alongside 30% unemployment. The Dow Jones will face a rocky open unless Congress can somehow pass a funding bazooka to keep the…


Dow Futures Dive as Bloomberg Leaks Mnuchin’s 20% Unemployment Fear

Dow Futures Dive as Bloomberg Leaks Mnuchin’s 20% Unemployment Fear

Dow futures dropped 600 points overnight after the index up more than 1,000 points Tuesday. Dow bears sold off as Bloomberg broke a report claiming Treasury Secretary Stephen Mnuchin believes U.S. unemployment could reach as high as 20%. Charles Schwab believes that institutional money will be reluctant to sell and could slow the stock market…


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Global Stocks and Treasury Yields Extend Declines

Updated May 29, 2019 6:23 a.m. ET Global stocks dropped Wednesday as trade tensions and concerns around economic growth continued to dampen risk appetite, sending government bond yields lower. The yield on 10-year U.S. Treasurys extended its decline to 2.228%, from 2.268% on Tuesday, its lowest level since September 2017. Bond yields and prices move…


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The Canadian dollar looks ‘egregiously’ undervalued: Scotiabank

Canada’s dollar is “egregiously” undervalued, Scotiabank said following a report Friday that showed record job gains for the country.While the loonie has had a bad reputation of late, the strength of the nation’s economic fundamentals reinforces the view that the currency should be stronger, foreign-exchange strategists Shaun Osborne and Eric Theoret wrote in a note.The…


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Aramco: Here’s everything you need to know about the world’s most profitable company’s debut bond

The world’s most profitable company, Saudi Aramco, smashed expectations to secure a debut bond issue with lower yields than the Saudi Arabian government, which owns the company. That implies, counterintuitively, that investors regard the company as being less risky than the government which owns it. Aramco’s offer drew more than $100 billion in orders on…