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The US dollar fell in European trade on Monday against a basket of major rivals away from two-week highs, on track for the first loss in four days on profit-taking with demand tapering off. The risk sentiment improved in the markets after European leaders agreed on an emergency peace plan for Ukraine, and after calmer statements from Trump officials on upcoming tariffs. Now investors await important US manufacturing data later today, expected to provide fresh pricing to the odds of a Fed rate cut in upcoming months. The Index The dollar index fell 0.6% today to…
As China’s political elite gather for the country’s annual legislative sessions this week, we examine the broader forces likely to influence policies and decision-making for the coming year. The third part of the series delves into how much more investible the nation has become in a short span.As top lawmakers gather in Beijing to decide the policy direction during China’s annual parliamentary meetings this week, the world is keeping its eyes peeled for signs that leadership is doing what needs to be done to reinvigorate the economy and reinforce China’s place in the global tech race.In the lead-up to the…
The US dollar fell in European trade on Monday against a basket of major rivals away from two-week highs, on track for the first loss in four days on profit-taking with demand tapering off. The risk sentiment improved in the markets after European leaders agreed on an emergency peace plan for Ukraine, and after calmer statements from Trump officials on upcoming tariffs. Now investors await important US manufacturing data later today, expected to provide fresh pricing to the odds of a Fed rate cut in upcoming months. The Index The dollar index fell 0.6% today to…
Nvidia investors on Monday were hit with a barrage of headlines about the company’s geopolitical challenges — some good, others not so good. The uncertainty sank the Club stock again as a broader wave of concern also slammed the overall market. Nvidia is conducting tests on Intel’s new manufacturing process called 18A, Reuters reported Monday. Club holding Broadcom is also said to be kicking the tires at Intel. All three companies are headquartered in Silicon Valley. The report underscores Nvidia’s stated desire to work with more manufacturing partners, which could deliver competition benefits and diversify its supply chain as geopolitical…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are starting the week lower following a strong rally on Friday. Defensive sectors such as consumer staples and health care — along with groups that benefit from lower interest rates such as real estate — outperformed. Meanwhile, technology, energy, and cyclical stocks lagged. AI-related tech and infrastructure stocks were hit the hardest once again. Shares of Club name Nvidia are now just a few dollars away from their 2025…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks opened higher to start the trading week, but gave back those gains after the February ISM manufacturing data missed estimates. While the report showed sector growth, it came in weaker than expected with concerns about order delays due to tariffs. President Donald Trump’s tariffs on Mexico and Canada are scheduled to start Tuesday, and potential retaliatory tariffs from these countries adds to the worries. “The market doesn’t like uncertainty,” said Club portfolio director…
Federal Energy Minister Awais Leghari on Monday reaffirmed the government’s commitment to “transparent and fair negotiations” with independent power producers (IPPs), stating that IPPs can “either engage in talks or opt for arbitration and forensic audits” to resolve disputes, according to a statement from the Ministry of Energy. Negotiations with the IPPs in the country so far are expected to save the government Rs1.4 trillion, with an annual saving of Rs137 billion, benefiting power consumers. Federal cabinet approves proposal to revise agreements with 14 IPPs: PMO Earlier, M/s Sapphire Electric Company Limited (SECL) claimed that sovereign power contracts were being…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…