Stock Market Today: Stocks Rise as Meme Stock Craze Continues
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Kashkari & Consumer Credit Curtail Stock & Bond Gains
Kashkari & Consumer Credit Curtail Stock & Bond Gains Another quiet macro day (although an ugly picture was painted late on by the unexpectedly weak revolving credit increase - potentially signaling a US consumer who really has hit their limit). Some FedSpeak wiped a little lipstick off the early pig's squeeze higher as Kashkari seemed to offer both sides some hope (but it spoiled the fun with the 'we could hike' line): “It’s a little too soon to declare that we’re definitely...
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Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed US producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve’s near-term policy path. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.38 per cent, scaling a […]
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Dollar gains on rate outlook, yen weakens for third day
NEW YORK/LONDON >> The dollar gained today as investors bet on the U.S. economy outperforming peers and was higher for the third day against the Japanese yen, keeping investors wary of the risk of intervention from Tokyo.