Tag: stocks
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Wall Street climbs as SpaceX shares launch, oil slides on Mideast deal hopes
Wall Street ended higher as SpaceX surged 19 per cent in its Nasdaq debut, giving the company a valuation of over US$2 trillion.
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Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
LONDON, June 12 : Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday.Shares in the “Magnificent Seven” – a group that includes some of the biggest tech names on…
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US stocks rally, oil prices fall as Trump calls off fresh Iran strikes
Wall Street rose and oil prices fell after US President Donald Trump cancelled planned strikes on Iran and raised hopes of a peace deal.
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Peace hopes steady Europe ahead of expected ECB rate hike
LONDON, June 11 : Europe’s markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The pan-European STOXX 600 and the euro both inched higher a
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Rupiah slide and ‘Sell Indonesia’ stocks: Jakarta’s counter moves useful but experts flag deeper fiscal concerns
Indonesia’s emergency interest rate hike and efforts to support the rupiah may have helped calm markets for now, but economists say investor confidence will not fully return unless the government addresses deeper concerns.
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Stocks drop, oil rises as Iran worries traders
HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors.Investors took a little heart from closely watched data Wednesday that showe
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Shares retreat as techs extend losses, US strikes on Iran lift oil
SINGAPORE: Asian stocks fell on Thursday (Jun 11), weighed down by a Wall Street selloff after a hotter-than-expected US inflation reading, while renewed US strikes on Iran fuelled a rise in oil prices.MSCI’s broa
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Stocks slide on US inflation surge, tech weakness
One analyst said “the inflation fire is burning, but it has not yet jumped every fence in the neighbourhood.”
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Japanese investors make biggest foreign stock exit in five years in May
June 8 : Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the month as the
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Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK: Shares fell sharply on Friday (Jun 5) after a blowout jobs report fueled bets of a rate hike by the United States Federal Reserve and as investors turned defensive ahead of the we
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