News
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Citi downgrades US stocks allocation
SINGAPORE, March 11 (Reuters) - Analysts at Citi downgraded their U.S. stocks recommendation to neutral and upgraded China, figuring the U.S. economy may no longer outpace the rest of the world in the coming months."We had not fully implemented our view that U.S. exceptionalism is at least pausi...Reuters
Tue, Mar 11
Japan downgrades Q4 GDP, US tariffs cloud outlook
Q4 GDP rose 2.2%, slower than 2.8% first reportedCapex revised up while consumption revised downRelatively upbeat data backs BOJ's case for additional rate hikeOfficials express concern about outlookBy Satoshi Sugiyama TOKYO, March 11 (Reuters) - Japan's economy expanded in the October-D...Reuters
Tue, Mar 11
President Trump’s crypto support threatens Europe’s monetary control
The Trump administration is pushing crypto harder than ever, and Europe is not happy about it. Officials in the European Union (EU) are warning that Washington’s growing embrace of Bitcoin and dollar-backed stablecoins could seriously threaten Europe’s financial sovereignty. Pierre Gramegna, managinCryptopolitan
Tue, Mar 11
US stock market loses $4 trillion in value as Trump plows ahead on tariffs
NEW YORK, March 10 (Reuters) - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P NEW YORK, March 10 (Reute500’s peak last month, when Wall Street was cheering much of Trump's agenda.Reuters
Tue, Mar 11
PRECIOUS-Gold holds steady as market awaits US data, tariff impact
March 11 (Reuters) - Gold held steady on Tuesday as investors awaited a key inflation print this week to assess the Federal Reserve's interest rate path, amid concerns of simmering trade tensions and slowing economic growth following U.S. President Donald Trump's tariffs.FUNDAMENTALS* Spot g...
Reuters
Tue, Mar 11
AT&T sees first-quarter profit in line with estimates on 5G, fiber expansion
March 10 (Reuters) - AT&T T.N forecast first-quarter adjusted profit in line with analysts' estimates on Monday, signaling steady demand for its discounted premium plans combining 5G mobile with high-speed fiber data.The U.S. telecom giant has been investing in its high-speed fiber internet ...
Reuters
Mon, Mar 10
Oil settles down 1.5% as tariffs prompt fears of slow demand
WTI and Brent benchmarks register multiple weekly declinesIEA and OPEC monthly reports expected this weekSaudi Aramco cuts crude prices to Asia By Laila Kearney and Enes Tunagur NEW YORK/LONDON, March 10 (Reuters) - Oil prices were down 1% on Monday on fears that U.S. tariffs on Canada, Mexico an...Reuters
Mon, Mar 10
EUR/JPY slumps to near 159.00 as Japanese Yen strengthens amid safe-haven demand
The EUR/JPY pair falls sharply to near 159.00 in European trading hours on Monday. The pair faces sharp selling pressure as the Japanese Yen (JPY) outperforms across the board amid dismal market sentiment.Deepening doubts over the United States (US) economic outlook under the administration of...
Fxstreet
Mon, Mar 10
ServiceNow falls after $2.85 billion deal to buy AI firm Moveworks
** Software maker ServiceNow's NOW.N shares fall 3% to $826.9 premarket** NOW to buy AI firm Moveworks for $2.85 billion cash and stock deal, as it looks to accelerate business AI adoption** Transaction expected to close in the second half of 2025** Up to last close, NOW stock had fallen ~20% YT...
Reuters
Mon, Mar 10
ServiceNow to buy AI firm Moveworks for $2.9 billion to tap new customers
March 10 (Reuters) - ServiceNow NOW.N said on Monday it would buy artificial intelligence company Moveworks for $2.85 billion, marking the software maker's largest-ever acquisition as it looks to expand its product portfolio and attract more customers.The cash and stock deal for privately-owned ...Reuters
Mon, Mar 10
Tariff and growth worries boost safe-haven yen, Swiss franc
March 10 (Reuters) - The Japanese yen and Swiss franc strengthened against the dollar on Monday, as traders flocked to safe-haven currencies due to lingering worries over tariffs and a U.S. economic slowdown, while the euro added to gains after a strong run last week.
$1.8B Ethereum left exchanges last week; holders see current levels as buying opportunity
On-chain data revealed $1.8 billion worth of Ethereum left exchanges last week. The outflows are the largest seen since December 2022. The withdrawals suggest investors are moving ETH to their private wallets for long-term accumulation.
Cryptopolitan
Mon, Mar 10
HSBC downgrades US stocks, turns bullish on European equities
March 10 (Reuters) - HSBC on Monday downgraded U.S. equities, citing uncertainty around tariffs, while turned bullish on European stocks following boost from Germany loosening its fiscal reforms.The brokerage lowered U.S. equities to "neutral" and raised rating on European stocks, excluding UK...
Reuters
Mon, Mar 10
Downplaying the Decline in Japan's Real Wages: Will the Bank of Japan Hike Interest Rates Earlier?
TradingKey - Although Japan's real wages have declined after two consecutive months of growth, the outlook for wage increases remains positive. This year's spring wage talks are expected to result in the largest wage increase in more than three decades again, and the yield on 10-year Japanese...Japan govt panel members urge vigilance on rising inflation, rate impact
TOKYO, March 10 (Reuters) - Private-sector members of a key Japanese government panel on Monday urged policymakers to be vigilant to the risks of rising inflation hurting the economy as the country's long-term government bond yields surged to 16-year highs.Reuters
Mon, Mar 10
