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Financial companies take centre stage in earnings season this week and Goldman Sachs’ results on Wednesday will be closely watched by the investment community after three months of surging bond sales and a booming stock market comeback. Revenues for the New York-based investment bank are expected to come in a range between $9.3bn and $9.8bn,…
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Tesla shares price, that’s up over 500% over the last year, could rise even further if it is included in the S&P 500 just like Yahoo shares rallied 64% in 5 trading sessions in 1999 on news of inclusion in the index. Tesla share has been on a fire since last October 2019. It has…
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Results from the latest trading session point to investors moving away from U.S. stock futures towards the safety of government bonds as jitters mounted about the recovery from Covid-19 lockdowns. Stock futures linked to the S&P 500 were down 0.4%. European stocks traded slightly higher, with the Stoxx Europe 600 index up 0.3%. Asian markets…
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Investors’ appetite for gold drove the inflows into gold ETFs at a record high. Spot gold prices moved above $1,800 per ounce yesterday as investors find solace in safe-haven assets amid the turmoil in markets. Gold prices have reached new peaks this year and it is among the best performing asset class in 2020 even…
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After US-China relations soured this year to the lowest level ever, the on-going tension left the Chinese yuan further from a ‘safe-haven’ asset. As the outlook of the yuan against the US Dollar worsened, China seems to be looking at reconciliation. There have been several flashpoints between the United States and China this year including…
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US dollar weakened today amid concerns over economic recovery, the slump in energy markets, and rising infections due to the pandemic. Major Asian markets barring those in China closed with losses today while European markets were trading in red in early trade today. US stock markets also closed with significant losses yesterday and futures are…
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Delta Air Lines (DAL) will report its second-quarter earnings on Thursday, a widely anticipated move by the market that will shed light on the size of the hole the US aviation industry is in. Although the Atlanta-based carrier is expected to deliver some of the worst quarterly results in its history – with revenues plunging…
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Tony Dwyer, chief market strategist Canaccord Genuity believes S&P 500 is in bull market territory, despite admitting that stocks face greater risks in the second half of the year. The S&P 500 rose almost 20% in the second quarter, recording its best quarter since 1998. The index is now down only 4% for the year…
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The Dow Jones Industrial Average Index jumped 17.8% in the second quarter of the year to wrap up its best quarter since 1987. Before the second quarter spike, the Dow Jones crashed in the first quarter and for a short while gave up all the gains under Donald Trump’s presidency. However, it rose sharply in…
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As the race towards developing a vaccine for COVID-19 intensifies, Spanish Pharma Mar (PHMR.MC) has become the latest biotech company looking at listing on New York’s Nasdaq market. If this happens it will join a growing number of biotech companies aiming to capitalize on investors’ interest in the booming sector as it tests one of…
