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Well, with markets now largely convinced that the Fed will head to the sidelines after last week’s FOMC meeting decision, this will prove to be the first litmus test. You can argue that the US jobs report on Friday was a sort of test already but the inflation debate surely trumps that when you consider
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Gold prices were flat during early Asian hours on Wednesday, as traders positioned themselves for inflation data that could impact the U.S. Federal Reserve‘s policy stance. FUNDAMENTALS * Spot gold was unchanged at $2,035.39 per ounce, as of 0031 GMT. U.S. gold futures were steady at $2,043.50. * The U.S. consumer price index (CPI) data
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Euro continues its descent during Asian trading session, partly due to the optimism expressed by ECB Chief Economist about slowing in inflation ahead. The common currency currently ranks as the worst performer for the month, although it still holds above last month’s low against all currencies, barring the Pound. Meanwhile, Sterling also shows signs of
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In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, CEO of Airbnb speaking on CNBC’s Squawkbox on May 4th, 2023. CNBC Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on top and bottom line, as it offered slightly weaker-than-expected guidance and a cautious
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The major European indices are ending the session lower/unchanged. The German Dax is near unchanged/higher on the day while the other indices are lower: German Dax rose 2.67 points or 0.02% at 15955.49 Frances CAC felt -43.74 points or -0.59% at 7397.18 UK’s FTSE 100 fell -14.27 points or -0.18% at 7764.10 Spain’s Ibex felt
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Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC).  Claiming a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase over the company’s previous quarter where PayPal disclosed $604 million. PayPal’s reported total financial
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Gold prices jumped Rs 450 to Rs 61,300 per 10 grams in the national capital on Tuesday amid a rise in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,850 per 10 grams. Silver, however, went lower Rs 380 to Rs 77,400 per kg.
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Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to U.S. economic growth, according to a Federal Reserve report Monday. The Fed’s quarterly Senior Loan Officer Opinion survey said requirements got tougher for commercial and industrial loans as well as for many household-debt instruments such
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