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Dow, S&P 500, Nasdaq Decline Amid Hot Inflation Data, AI Selloff: CRWV, NBIS, NVDA, IBRX Stocks In Focus
Red-hot inflation data, triggered by soaring energy prices, weighed heavily on markets on Wednesday....
Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation...
KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow
South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, exte...
France HCOB Services PMI registered at 48.4, below expectations (49.8) in August
France HCOB Composite PMI came in at 48.8 below forecasts (49.5) in August
Euro holds gains against British Pound after weaker UK Retail Sales data
The EUR/GBP cross posts modest gains to around 0.8570 during the early European session on Friday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following disappointing UK econom ...
United States Dollar Index remains below 99.00 as 10-year US yield steadies
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 98.80 du ...
Equities: Mixed recovery after US selloff – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities fell sharply as earlier gains in fixed income reversed, with losses across the S&P 500, Nasdaq and Magnificent Seven. Weak Walmart earni ...
Forex Today: US Dollar stays near multi-month lows ahead of key PMI data
Here is what you need to know on Friday, August 21:
US Dollar: Treasury twist signals structural risks – Commerzbank
Commerzbank’s Volkmar Baur notes the US Dollar remains under pressure as EUR/USD trades around 1.17 following the US Treasury’s expansion of its Liquidity Support Buyback Operations.
Walmart shares face weakness following earnings: Were results bad?
Walmart (WMT - Free Report) delivered an overall solid release on Thursday, beating expectations on both the top and bottom lines while raising its full-year outlook.
Denmark Industrial Outlook declined to 97.9 in August from previous 99.2
United Kingdom Retail Sales decline 0.5% MoM in July, as expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) declined 0.5% month-over-month (MoM) in July after rising by 0.7% in June (revised from 1.0%), the latest data published by ...
Sweden Unemployment Rate down to 7.8% in July from previous 9.9%
United Kingdom Retail Sales (YoY) came in at 1.6% below forecasts (2.2%) in July