October 5, 2024
Chicago 12, Melborne City, USA
Economy

French Economy Set for Boost from Paris Olympics, Says Bank of France

The Paris 2024 Olympics are expected to provide a significant boost to French economic growth in the third quarter, according to a recent survey by the Bank of France. The central bank projects that the country’s GDP will increase by between 0.35% and 0.45%, a notable acceleration from the 0.3% growth recorded in the previous

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Market

Stocks End the Week Quietly After Days of Intense Volatility: Markets Wrap

After a rollercoaster week in the financial markets, Friday brought a relatively calm close, with stocks showing little movement following days of heightened volatility that left investors on edge. The S&P 500, which had just experienced its biggest rally in nearly two years, ended the day with minor changes. This quiet finish contrasts sharply with

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Uncategorized

Stocks End the Week Quietly After Days of Intense Volatility: Markets Wrap

After a rollercoaster week in the financial markets, Friday brought a relatively calm close, with stocks showing little movement following days of heightened volatility that left investors on edge. The S&P 500, which had just experienced its biggest rally in nearly two years, ended the day with minor changes. This quiet finish contrasts sharply with

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Politics

Thai Court Dissolves Opposition Party Over Royal Reform Agenda

In a significant move that may stoke political unrest, Thailand’s Constitutional Court has ordered the dissolution of the country’s largest opposition party, Move Forward, for breaching election rules. The court ruled unanimously that the party’s pledge to amend the lese-majeste law, which protects the royal family from criticism, violated electoral regulations. The decision bars the

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Technology

Micron Technology Resumes Stock Buybacks Amid Improved Market Outlook

Micron Technology Inc. has announced the resumption of its stock buyback program, which was suspended nearly two years ago due to a downturn in the industry. This decision reflects the company’s optimistic outlook and its strategic positioning in the AI hardware market. As the largest U.S. manufacturer of computer memory chips, Micron plays a crucial

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News

Argentina in Talks with Santander for $1 Billion Loan Ahead of Debt Payment

The Argentine government is negotiating with Banco Santander SA for a $1 billion loan, a strategic move by President Javier Milei to secure funds before a significant debt payment due in January, according to sources familiar with the discussions. Santander is expected to manage a special purchase vehicle (SPV) for the transaction, structured as a

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News

Traders Anticipate Increased S&P 500 Volatility Following Jobless Claims Report

Traders, already unsettled by the recent volatility in the stock market, are preparing for more fluctuations, starting with Thursday’s US jobless claims report. According to Stuart Kaiser, Citigroup Inc.’s head of US equity trading strategy, the options market suggests the S&P 500 Index could swing by 1.2% in either direction, based on the pricing of

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Commodities

China’s PBOC Pauses Gold Purchases for Second Consecutive Month

Gold prices retreated after experiencing their most significant weekly gain in three months, as central bank activities came under scrutiny. Bullion was trading near $2,375 an ounce, following a nearly 3% rally last week. The People’s Bank of China (PBOC) refrained from adding to its gold reserves for the second straight month in June. However,

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Currencies Economy

French Stocks Rise Amid Political Gridlock Post-Election

French stocks experienced an uptick on Monday as investors found relief in the lack of a clear winner in the recent elections, speculating that significant policy changes are unlikely amid governmental deadlock. The CAC 40 Index climbed 0.4%, recovering from an early dip, alongside a broader European market rally. Although the spread between French and

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Stocks

Stocks Fluctuate as Earnings Season Looms: Market Overview

Stocks hovered near record highs as investors braced for the upcoming earnings season while monitoring the U.S. presidential race and potential signals from the Federal Reserve regarding future policy moves. If the S&P 500 closes higher, it will mark its 35th record close this year. A survey from the Federal Reserve Bank of New York

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