Author: super@dmin
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Futures Movers: Oil falls as stock market sees renewed pressure
Oil futures fell Friday as traders continued to take their cues from global equity markets, which saw a renewed slide to end a volatile week. West Texas Intermediate crude for December delivery CLZ8, -0.34% on the New York Mercantile Exchange fell 51 cents, or 0.8%, to $66.82 a barrel. The U.S. benchmark was on track…
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The Wall Street Journal: European aluminum producers not hurt by Trump’s tariffs, pass costs to U.S. customers
When President Trump placed tariffs on imported aluminum last spring in an effort to protect American producers, European rivals thought their U.S. profits would come under pressure. But months later, European aluminum companies have yet to feel significant negative impact. Imports have long accounted for the majority of raw aluminum consumed in the U.S.—61% in…
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Top Ten: Weekend roundup: Tesla’s great quarter | Marijuana jitters | A wild market ride
MarketWatch rounds up 10 of its most interesting topics over the past week. 1. Tesla knocks it out of the park Tesla TSLA, +2.49% surprised investors with an excellent third quarter, which included a tremendous increase in sales as Model 3 production finally ramped up, along with a solid profit and significant free cash flow.…
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Here’s how stock market investors can emotionally handle today’s decline
ProQuest Breathe deeply. Whenever the stock market falls, people wonder why it’s happening. There are always lots of creative stories, and they’re probably right to some degree, but the reality is that the stock market is like a mutating organism whose changing mutations have ever-changing causes. We don’t really know what causes it to change…
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Economic Report: Lack of wage growth brings down consumer sentiment in October
Bloomberg News Shoppers walk past stores at the Fashion Outlets of Chicago mall in Chicago, Illinois The numbers: The final reading of the University of Michigan’s consumer-sentiment index in October was 98.5, marginally below September’s level of 100.1. The initial reading was 99. Economists expected a reading of 99. The closely watched inflation expectations number…
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Economic Report: Third-quarter GDP cools a bit to a still-solid 3.5% rate
Bloomberg News/Landov Consumer spending, which makes up about 70% of gross domestic product, continues to be prime driver of output. The numbers: Gross domestic product decelerated a bit to a 3.5% annual pace in the third quarter, down from torrid 4.2% pace in the prior three months, the government said Friday. GDP is the official…
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Metals Stocks: Gold trades near 3-month high as stocks stumble anew
Gold futures edged higher Friday, finding apparent haven-related demand as global equities saw renewed pressure. December gold futures GCZ8, +0.43% rose $3.70, or 0.3%, to $1.236.10 an ounce and were on track for a 0.6% weekly rise. For the month, gold is up 3.3%. December silver SIZ8, +0.48% was up 0.5 cent at to $14.635…
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Bond Report: 10-year Treasury yield falls to 3-week low as global stocks drop, GDP looms
U.S. Treasury prices climbed on Friday, pushing the 10-year yield to a three-week low, as stocks globally resumed a downward trend that has underpinned appetite for the perceived safety of government paper. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, -1.20% fell to 3.092% from 3.136% late Thursday in New York,…
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Currencies: China’s yuan flirts with lowest level in a decade against the dollar
China’s currency fell further this week, reflecting heightened investor caution about the nation’s slowing economic growth and an intensifying trade conflict with the U.S. The yuan USDCNH, +0.0532% hit 6.9725 per dollar in offshore trading on Friday, its weakest in nearly two years. The currency has fallen against the greenback each day this week, and…
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Mark Hulbert: Why stock prices should be higher in six months
Halloween marks the beginning of one of the most seasonally favorable periods of the stock market calendar. That should come as welcome news indeed to beleaguered investors, since the S&P 500 SPX, +1.86% has shed nearly 7% so far for the month of October. I’m referring, of course, to the U.S. stock market’s famous…