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U.S. Indices closed lower as both stocks and Treasuries were sold on Wednesday, while the Dollar saw a notable bid in the wake of a hawkish Fed Chair Powell. In the FOMC rate decision, the central bank held rates at 4.25-4.50%, as expected, with Governors Waller and...
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U.S. Indices closed on Tuesday amid a deluge of earnings, which saw Industrials reside as the sectoral laggard and hit by Boeing (BA) (-4%) and UPS (UPS) (-10.5%) post-results, with the latter weighed on as it did not provide revenue or operating profit guidance amid...
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U.S. Indices closed mixed on Monday with markets chopping to the US/EU trade announcement. The news of the deal, which includes a 15% tariff, was initially hailed by markets as a step in the right direction, but sentiment on the deal swiftly turned. European officials...
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U.S. Indices closed higher on Friday amid trade optimism ahead of a key risk week. Sectors were predominantly firmer with outperformance seen in Materials, Industrials and Consumer Discretionary, while Energy, Communication, and Real Estate lagged. The outperformance...
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U.S. Indices closed higher while Treasuries were hit on Wednesday, with focus on trade updates. The US announced a trade deal with Japan where Japan will pay a 15% tariff on imports to the US, down from the previous 25%, while focus has also been on a touted EU deal,...
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U.S. Indices closed the day mixed on Tuesday, as the tech-heavy NASDAQ 100 lagged and was weighed on by weakness in mega-cap names Nvidia, Microsoft, Broadcom, and Netflix, while the Russell 2000 pared Monday’s losses. Amid a lack of tier 1 data and Fed blackout...
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