October 14, 2024
Oil settles down on Florida fuel demand worries
Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida. Brent crude oil futures settled down 0.45%. The Oil-Dollar pair saw a minor dip of 0.1% in the last session. […]
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October 10, 2024
Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK Invest, the cryptocurrency-friendly asset manager founded by prominent Bitcoin bull Cathie Wood, has sold another large portion of its Robinhood holdings. According to a trade notification on Oct. 8, ARK offloaded 1.4 million Robinhood shares worth $36.4 million from its three funds.
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October 10, 2024
European stocks bouncing back
European stocks settled higher, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the automobiles and parts sector among top gainers with 1.1% jump
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October 10, 2024
Sterling at one-month low on dollar
The British pound nudged down to a one-month low on the dollar, as markets gradually reassess the different interest rate paths of the Federal Reserve and Bank of England. The Pound dipped a slight 0.1% against the Dollar in the last session. The Williams indicator indicates an oversold market.Support: 1.301 | Resistance: 1.3154
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October 9, 2024
Gold set for biggest drop in over a month
Gold prices fell over 1% and were on track for their biggest drop on a percentage basis in 1.5 months as recent U.S. employment data lowered expectations for a bigger rate cut, while markets awaited minutes of the U.S. Federal Reserve’s latest policy meeting for fresh signals. The Gold fell against the Dollar in the […]
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October 9, 2024
S&P 500, Nasdaq advance as investors switch focus to upcoming inflation data
The S&P 500 and Nasdaq Composite rose, recouping some of the previous session’s losses, as investors shifted attention to upcoming third-quarter earnings and inflation data which may offer the next clues for how interest rate cuts will unfold
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