China asks brokerages to curb leveraged stock trades FULL STORY China’s securities watchdog is asking brokerages to restrict leverage available to hedge funds that borrow large sums of money via a complex derivative business to trade stocks, three sources told Reuters. Hedge funds using the so-called DMA-Swap strategy were told by their brokers late on
Gold prices fell on Thursday as investors preferred booking profit in the absence of triggers for bullion. The prices in gold and silver declined despite a weak dollar index (DXY). MCX December gold futures were trading at Rs 59,901 per 10 gram, up by Rs 108 or 0.18% from the Thursday closing price. Meanwhile, the
Euro is showing signs of fortitude in relatively subdued market conditions today. The overnight rebounds in EUR/USD and EUR/CHF indicate that bearish traders are hesitating to drive the market, while EUR/JPY continues its upward stride. On the other hand, Dollar is engaged in a tight contest with Euro, mostly reversing its losses from the previous
In this article Follow your favorite stocksCREATE FREE ACCOUNT Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters Semiconductor technology company Arm reported its first post-IPO earnings on Wednesday that
Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink’s current valuation of $8.1 billion justified?
Share: During the Asian session, the Bank of Japan will release the Summary of Opinions. A critical report will be China’s inflation figures, which can impact market sentiment. Later in the day, the weekly US Jobless Claims report is due. Here is what you need to know on Thursday, November 9: The US Dollar posted
The price of WTI crude futures are selling sharply lower. The price closed at $75.33. That is down $2.04 or -2.64%. Since Friday’s high at $83.56, the price has fallen -10.29%. Crude oil is below its 200 day moving average Technically, the price fell and closed below its 200-day moving average yesterday at $78.13. Today
US m/m inflation CPI This week is dismal on the economic data front but next week begins to get interesting because of the November 14 release of the latest US CPI report. It’s still early for estimates but the consensus so far is +0.1% m/m on the headline. That’s coming on the heels of +0.6%
Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. Brent crude futures fell $1.11 to $80.50 a barrel by 1311 GMT and U.S. crude lost $1.20 to $76.17, with both benchmarks registering their lowest levels since late
Dollar making efforts to continue this week’s rebound, but momentum appears to be lacking, except against Yen. Additionally, its ascent is being challenged by Swiss Franc, which currently stands as the day’s strongest performer, propelled by substantial buying against Euro and Sterling. Commodity currencies are capitalizing on the stabilizing risk sentiment, slowly clawing back against
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images LOS ANGELES – Disney shareholders will
Share: Hawkish comments from the Fed and a stronger USD weighed on Gold. Economists at ANZ Bank analyze the yellow metal’s outlook. War-risk premium has faded Gold edged lower as a stronger USD and a hawkish Fed weighed on investor demand for the precious metal. The war-risk premium has also faded as the Israel-Hamas war
The day started with the Dow industrial average and S&P index lower on the day. At session lows, the S&P was down -10.58 points and the Dow industrial average always down -69.15 point). That lower open threatened the 7-day consecutive up day streak. However, at the close, the losses have been reversed and each of
German inflation eases to 3.0% in October German inflation eased in October to 3.0%, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen 4.3% year-on-year in September. CPI (MoM) (Oct) $EUR Actual: 0.0% Expected: 0.0% Previous: 0.3% CPI (YoY) (Oct) $EUR
Gold traded with minor gains on Wednesday having fallen to a two week low on Tuesday ahead of Dhanteras as the risk premium of the ongoing Israel-Hamas war loses steam. The Street now awaits cues on interest rate outlook from the US Federal Reserve. While the Central Bank left interest rates unchanged in the last
Dollar found itself hovering within a narrow range during Asian session, as market participants paused to reflect on recent comments from hawkish Fed members hinting at more tightening. Despite these hawkish tones, the overall risk mood found its footing after the US markets displayed resilience, with only a slight dip in Asian equities following suit.
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023. Brendan McDermid | Reuters The world’s major central banks paused their interest rate hiking cycles in
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a