Good MorningEquity markets started the week strong with the S&P 500 Rising more than 1.3% on Monday. It appears the market is shrugging off the fear of rising inflation that was caused by last week's FOMC meeting. Even so, the risk of inflation is still present and this week poses another threat to the rally. The May personal income and spending data is due out on Friday and with it the PCE price deflator.
Core consumer inflation is expected to have subsided by 0.10% over the last month to 0.6%, the risk is that it will be hotter than expected. A hotter than expected number will increase the expectation for future rate hikes and may put a cap on the rally. If the market likes what it sees, however, it could be off to the races with the S&P 500 moving up to set a new all-time high.
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Politics | | | The U.K. has launched negotiations to join a trans-Pacific trade bloc as it looks to explore new opportunities following its departure from the European Union and strengthen its strategic interests in Asia Read the Full Story |
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Politics | | | Asian shares were mostly higher on Tuesday, with most benchmarks tracking Wall Street's recovery from the Federal Reserve's reminder that it eventually will provide less support to markets.
Japan's benchmark Nikkei 225 jumped 3.1% in afternoon trading to 28,883.46. Australia's S&P... Read the Full Story |
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Stocks | | | Crude oil has been in a solid uptrend since this time last year, tacking on more than 600% from the crazy days of 2020 when the price of a barrel briefly went down to the single digits. It’s now trading above $70 for the first time since 2018 and unsurprisingly this has had a positive effect o... Read the Full Story |
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Politics | | | Global shares were mixed Tuesday after Wall Street's recovery from its latest bout of jitters over future central bank policies.
France's CAC 40 shed 0.1% in early trading to 6,594.02, while Germany's DAX slipped 0.3% to 15,550.99. Britain's FTSE 100 added 0.3% to 7,079.95. The future... Read the Full Story |
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Markets | | | Germany-based Atai Life Sciences (NASDAQ: ATAI), a biotech backed by Peter Thiel, a founder of PayPal, made its public debut Friday. Atai focuses on the use of psychedelics to treat mental health conditions. It’s considered a clinical-stage biotech. The company does not yet have regulators’ OK to move forward with treatments. Read the Full Story |
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Markets | | | Premium high-performance video gaming products maker Corsair Gaming (NASDAQ: CSRS) stock has recently spiked and sold off hard on the heels of the meme stock momentum. However, a look underneath the hood reveals improving fundamentals and strong tailwinds that can elevate shares from certain price s... Read the Full Story |
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Stocks | | | London-based electric vehicle (EV) manufacturer Arrival (NASDAQ: ARVL) stock is a trading as a post special purpose entity corporation (SPAC) reverse merged business combination. As is the normal sequence, shares collapsed after its reverse merger with CIIG Merger Corp. Read the Full Story |
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Politics | | | Hong Kong's leader says foreign governments are “beautifying” acts that endanger national security when they criticize the recent crackdown on a pro-democracy newspaper in the semiautonomous Chinese territory Read the Full Story |
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Markets | | | Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s worsening economic and financial crisis.
The ministry said the reason behind the latest increase is that the central bank has ended sugar subsidies, which ad... Read the Full Story |
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Markets | | | Bitcoin transactions are recorded on a blockchain, a distributed ledger that cannot fail. Government doesn't control bitcoin (unlike banks) and that's why devotees (mostly late Gen Xers or early Millennials) flock to it. But all ideals aside, should you invest in gold? Read the Full Story |
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The Early Bird Stock Of The Day Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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