Markets

DoubleLine’s Gundlach says it’s time to buy emerging market stocks as the dollar peaks

DoubleLine Capital CEO Jeffrey Gundlach said it’s time for investors to buy emerging market stocks as the dollar has likely hit its top. “I do think the dollar has peaked out, … which does suggest that investments in emerging markets like emerging market equities are probably going to be a good winner in 2023,” Gundlach …

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3 reasons why Ethereum price keeps rejecting at the $1,300 level

Ether (ETH) rallied 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has been holding ground for twenty-six days and is the most likely explanation for the correction to $1,240 on Dec. 6. Ether/USD price index, 12-hour. Source: TradingView So from one side, traders are …

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Most Gulf equities track oil prices, global markets higher

Nov 30 (Reuters) – Most major Gulf equities closed higher on Wednesday, tracking global peers and oil prices higher on optimism over China demand recovery, while market focus also turned to US Federal Reserve chief Jerome Powell’s speech due later in the day. Most Gulf Cooperation Council countries, including Saudi Arabia, the United Arab Emirates …

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Jeremy Siegel Sees 2023 Gains As Interest Rates Fall

Jeremy Siegel expects a rising stock market in 2023 as interest rates finally reverse part of their 2022 gains. Additionally, he expects economic productivity to increase as companies get more efficient. “Productivity is going to go up, that improves margins and that’s good for profits,” Siegel said. Loading Something is loading. Thanks for signing up! …

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Kevin O’Leary Says He’s Getting His Money Back From FTX

Shark Tank investor Kevin O’Leary said he’s getting his money back FTX, and that FTX needs to be audited. “Who’s going to jail? I have no idea. Who was fraudulent? I have no idea. But I will find out,” the FTX spokesperson and shareholder said to Yahoo Finance. O’Leary previously jumped to Sam Bankman-Fried’s defense …

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The dollar remains little changed as the overall market mood remains more tepid

European stocks are lower in playing catch up to the losses in Wall Street yesterday, with US futures not hinting at much so far on the day. S&P 500 futures are up 1 point, or 0.02%, so that isn’t giving much for traders to work with. Meanwhile, Treasury yields were higher earlier on but have …

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“Supplying a market ‘hungry’ for cherries while finding new markets is a challenge”

As Chilean cherries, blueberries and soon table grapes will be on the way to world markets, recovering from the Covid-10 pandemic as well as a global recession are still concerns for the Association of Fruit Exporters of Chile (Asoex). According to Iván Marambio, President of Asoex: “The threat of the pandemic is still present, although …

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US trade deficit jumps 5% to four-month high as global economy weakens

The numbers: The nation’s trade deficit rose 5.4% in October to a four-month high of $78.2 billion, reflecting a small decline in the appetite for American goods and services as the global economy weakens. Economists polled by The Wall Street Journal had forecast a $80 billion shortfall. The deficit widened from $74.1 billion in September, …

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