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Morning brief: oil steadies, gold dips, and Warner Bros to reopen to Paramount
invezz63d ago

Morning brief: oil steadies, gold dips, and Warner Bros to reopen to Paramount

Global markets opened the week with limited direction as holiday closures thinned trading across Asia and the United States. Currency and equity moves were subdued, commodities held near recent ranges, and investors monitored geopolitics and corporate dealmaking on Monday. From calm Asian foreign-exchange markets to renewed merger speculation in Hollywood, several developments are shaping sentiment [...]

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Morning brief: oil steadies, gold dips, and WBD to reconsider Paramount bid
invezz63d ago

Morning brief: oil steadies, gold dips, and WBD to reconsider Paramount bid

Global markets opened the week with limited direction as holiday closures thinned trading across Asia and the United States. Currency and equity moves were subdued, commodities held near recent ranges, and investors monitored geopolitics and corporate dealmaking on Monday. From calm Asian foreign-exchange markets to renewed merger speculation in Hollywood, several developments are shaping sentiment [...]

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Global Gold Prices Decline as U.S. Dollar Strengthens
jordannews_jo63d ago

Global Gold Prices Decline as U.S. Dollar Strengthens

Gold prices fell on Monday as the U.S. dollar strengthened, following gains of more than 2% for the precious metal in the previous session. Lower-than-expected U.S. inflation data boosted expectations of interest rate cuts by the Federal Reserve (the U.S. central bank).

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Selling continues at bourse, KSE-100 down nearly 1,800 points
brecorder63d ago

Selling continues at bourse, KSE-100 down nearly 1,800 points

Selling pressure continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 1,800 points during the opening hours of trading on Monday.At 10:40am, the benchmark index was hovering at 177,822.18, a decrease of 1,781.55 points or 0.99%.Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MCB, MEBL and NBP, traded in the red.Federal Finance Minister Muhammad Aurangzeb announced on Saturday that Prime Minister Shehbaz Sharif would soon unveil a relief package for the construction sector.The minister also revealed that the government is considering reducing tax rates for the property sector and will announce a relief package for the textile industry within the next ten to twelve days.During the previous week, the PSX came under sustained selling pressure as heightened political uncertainty and deteriorating security conditions, particularly in Balochistan, undermined investor confidence, overshadowing otherwise supportive macroeconomic developments and strong external inflows.The benchmark KSE-100 Index closed the week at 179,603.73 points, registering a decline of 4,525.85 points or 2.5% week-on-week.Globally, Asian shares were quietly consolidating recent hefty gains on Monday as holidays made for thin trading, and dismal economic data out of Japan took some of the heat out of that booming market.China, South Korea, Taiwan and the United States were among the centres off, leaving currencies, commodities and bonds all becalmed.The major data of the week are not out until Friday, when surveys of global manufacturing hit and the US reports gross domestic product for the fourth quarter.Median forecasts are for annualised growth of 3.0%, down from 4.4% the previous quarter but still solid.Investors pushed Japan’s Nikkei up 0.2%, following a 5% rise last week. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.1%.South Korea’s tech-heavy market surged 8.2% last week, while Taiwan climbed almost 6% for the week.This is an intra-day update

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US Stock Market Holiday | Is the US stock market open or closed today for trading on Presidents' Day?
economictimes_indiatimes63d ago

US Stock Market Holiday | Is the US stock market open or closed today for trading on Presidents' Day?

U.S. markets will remain shut on February 16 for Presidents Day, pausing trading on the New York Stock Exchange and Nasdaq and across the S&P 500, Dow Jones Industrial Average and Nasdaq Composite. The federal holiday creates a shortened week before trading resumes on Tuesday. Presidents' Day, observed on the third Monday of February each year, is commemorated across federal institutions, with banks and government offices closed

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Top 10 stories from across Nigerian Newspapers, Monday, February 16
ripplesnigeria63d ago

Top 10 stories from across Nigerian Newspapers, Monday, February 16

Here are the top ten stories from across the country. 1. Obi claims INEC pressure forced his exit from LP, confirms 2027 presidential bid on ADC platform Former Anambra State Governor, Peter Obi, has explained that his decision to leave the Labour Party (LP) was driven by claims that the Independent National Electoral Commission (INEC) [...]The post Top 10 stories from across Nigerian Newspapers, Monday, February 16 appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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