News
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Gold tanks to $4,061 as blowout NFP and hawkish Fed spark mass exit from havens
Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.
Fxstreet
Fri, Nov 21
'Stale' September jobs data is mixed news for a divided Fed
Nov 20 (Reuters) - The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal Reserve officials mulling whether further interest rate cuts are needed to bolster the labor marReuters
Fri, Nov 21
Fed's Paulson says she is approaching December rate decision cautiously
Philadelphia Federal Reserve President Anna Paulson said that she is approaching December’s policy meeting “cautiously,” adding that the central bank must carefully balance slowing labour momentum against lingering inflation risks.Fxstreet
Fri, Nov 21
METALS-Copper slips on Chinese demand fears and a strong dollar
By Eric Onstad LONDON, Nov 20 (Reuters) - Copper prices edged down on Thursday, pressured by a strong dollar and concern over soft demand in top metals consumer China.Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.4% at $10,715 a metric ton by 1715 GMT, having register...Reuters
Thu, Nov 20
Walmart seen posting nearly 4% Q3 EPS growth in test of consumer resiliency
Shares of Walmart WMT.N off about 1% ahead of the company's results due before the bell on Thursday, as investors eye consumer healthRetail giant expected to post adj EPS of $0.60, or 3.6% higher than Q3 2024, on revenue of $177.43 bln vs $169.59 bln a year ago, according to LSEG dataCo missed E...Reuters
Thu, Nov 20
Greece's Piraeus port not for sale, China tells US
By Renee Maltezou ATHENS, Nov 20 (Reuters) - China's controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for sale, the Chinese embassy in Greece said, denouncing comments by newly appointed U.S. ambassador to Greece Kimberly Ann Guilfoyle. China's state-ru...Reuters
Thu, Nov 20
US House vote to repeal Senate January 6 provision bares fresh Republican rift
House repeal highlights Republican disunity over Senate provisionProvision allows senators to sue over phone record searchesSenate Majority Leader Thune defends provision as constitutional protectionBy David Morgan WASHINGTON, Nov 19 (Reuters) - The Republican-controlled U.S. House of RepresentatReuters
Thu, Nov 20
China October rare earth magnet exports fall for a second month, but US shipments surge
By Amy Lv and Lewis Jackson BEIJING, Nov 20 (Reuters) - China's rare earth magnet exports in October fell 5.2% from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a nine-month high. Beijing announced earlier th...Reuters
Thu, Nov 20
Asia stocks cast off AI bubble jitters as Nvidia fuels tech comeback
South Korea, Taiwan stocks up over 3%Indonesia stocks hit record highThailand stocks up 1.5%By Roshan Thomas Nov 20 (Reuters) - Taiwan stocks bounced back and South Korean shares reclaimed the key 4,000 level on Thursday, after chip titan Nvidia's encouraging results eased worries about a lik...Reuters
Thu, Nov 20
The Final Dip? Bitcoin’s Days Under $90K May Be Over
Bitcoin slid below the $92,000 mark on Wednesday, trading at $91,500 at press time after a one-day drop of 5% that left the token down 17% in the last 30 days. Related Reading: With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could Crash Even Further Market players were rattled after a s...NewsBTC
Thu, Nov 20
Chicago soybeans slip as traders doubt China will sustain its buying
CANBERRA, Nov 20 (Reuters) - Chicago soybean futures fell further on Thursday from a 17-month high reached earlier this week, as traders doubted that China would buy enough U.S. beans to maintain a recent rally. Corn and wheat futures rose slightly. The most-active soybean contract on the Chicago...Reuters
Thu, Nov 20
EXCLUSIVE-Trump's semiconductor tariff plan likely delayed, officials say
Officials see potential delay in semiconductor tariffsWhite House says Trump is committed to boosting domestic manufacturingTrump has walked back some tariffs and wants to maintain China truceChina calls for 'mutually beneficial cooperation' on chipsBy Laurie Chen, Trevor Hunnicutt and Jeffr...Reuters
Thu, Nov 20
Ukraine expected to give up land, some arms under US peace plan, sources say
Two sources say the US wants Kyiv to accept its peace planPlan envisages Ukraine giving up land, some arms, say sourcesZelenskiy is visiting Turkey on new peace driveHe will meet US Army officials on ThursdayKyiv has had 'signals' about US plan to end war-source By Tom Balmforth and Anastasi...Reuters
Thu, Nov 20
US authorizes export of advanced American semiconductors to companies in Saudi, UAE
WASHINGTON, Nov 19 (Reuters) - The U.S. Commerce Department said on Wednesday it has authorized the export of advanced artificial intelligence chips, the equivalent of up to 35,000 Nvidia NVDA.O Blackwell chips, to two companies in Saudi Arabia and the United Arab Emirates.The companies, G42, which ...Reuters
Thu, Nov 20
CBOT soybeans extend retreat after Chinese buying sparked gains
CHICAGO, Nov 19 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday as traders sought to gauge the strength of Chinese buying, following the trade truce between Washington and Beijing last month.CBOT January soybeans SF26 ended 17-1/4 cents lower at $11.36-1/4 per bushel. CBReuters
Thu, Nov 20
