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Trump says tomorrow more hostages will be released
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Trump says US ‘will take over the Gaza Strip’
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Japan headline wages +4.8% y/y in December, real wages rise also
Japan Overall Labour Cash Earnings for December 2024 have recorded a solid +4.8% y/yexpected was +3.6%, prior +3.0%YOvertime Pay +1.3%y/y, this is viewed as a barometer of business strengthprior +1.4%Wages adjusted for inflation are higher, +0.6% y/y, on bonus...
More on the New Zealand jobs data – unemployment hitting a 4 year high
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More on Goldman Sachs – China retaliatory measures to have limited impact on energy prices
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Australian (final) January Services PMI 51.2 (prior 50.8)
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Goldman Sachs – China trade war retaliation measures to have a limited energy price impact
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Japan’s Honda and Nissan may call off merger talks
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New Zealand Q4 unemployment rate 5.1% (vs. 5.1% expected and 4.8% in Q3
New Zealand Q4 jobs data The jump in the unemployment rate is bad news, though not unexpected. It hit its highest in 4 years. As I said earlier, the impacts of the sustained Reserve Bank of New Zealand rate hike cycle is still impacting, despite the easing cycle...
Oil – private survey of inventory shows a headline crude oil build larger than expected
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Forexlive Americas FX news wrap: US dollar slumps as the trade war dust settles
Markets:Gold up $29 to fresh record at $2842S&P 500 up 0.7%WTI crude down 62-cents to $72.52US 10-year yields down 2.8 bps to 4.51%CAD leads, USD lagsThe news flow on Tuesday was much slower than a day earlier but the market direction picked up from where we left...
US indices close higher on the day led by the Nasdaq/Russell 2000
Yesterday the NASDAQ index and the Russell 2000 low the way to the downside with declines of -1.25%. Today those declines were reversed. A snapshot of the closing levels shows:Dow industrial average rose by 134.13 points or 0.30% at 44556.04 S&P index rose 43.30...
Economic calendar in Asia 05 February 2025 – NZ jobs data, China services PMI
New Zealand is still feeling the impact of the long rate hike cycle from the Reserve Bank of New Zealand, even though the Bank began cutting last year. The unemployment rate is expected to rise. From China we'll get the second of the service PMIs for January. We've...
Trade ideas thread – Wednesday, 5 February, insightful charts, technical analysis, ideas
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Zelensky: We are ready for diplomatic track to end the war
This sounds like the beginning of the end, as Zelensky says they're ready for the diplomatic track to end the war and ready to talk to Putin if necessary. He said Europe must be present at negotiations.I don't believe he's said this kind of thing before. Previously...
What a run for gold to start the year
Gold is posting another strong day in what's been a nearly non-stop rally to start the year. It's up $27 to a new record at $2841.All the trade uncertainty has been a big tailwind for gold, which started the year at $2621. That's an 8% rally barely a month into the...
Alphabet (Google) reports after the close
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David Sacks: The feasibility of a bitcoin reserve is being studied
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