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22.10.26 - 15:48
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks (ZeroHedge)
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Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks
US futures are lower as the AI trade discovered that there is no right answer on capex: Meta spent more, Tesla spent less, and the market slammed both (after an initial kneejerk bounce), while a fresh wave of deadly attacks on Saudi Arabia, a US-ordered departure of diplomats from the kingdom and an NYT report that the US and Israel have drawn up plans for renewed strikes on Iran after the midterms sent Brent back above $112; as a result the flight to quality is back on, with 10Y yields sliding 9bps to 5.03% even as oil jumps and French bond yields soar. As of 8:00am ET, S&P futures are 1.0% lower at 7,720.75 while Nasdaq futures are down 1.7% at 29,507.50 and Dow futures are 0.6% lower. Wednesday's session closed near its highs, with the S&P rising 0.6% to 7,757 for a third straight gain and closing within 1% of its record high, as the SpaceX blowout revived the AI trade. In premarket trading, all Mag 7 names are red...
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12.10.26 - 15:12
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Oil Swings on Russia-Ukraine Progress, Saudi Attacks (Bloomberg)
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US equity futures waver ahead of earnings season with the US Treasury market closed for the holiday. Oil swings after President Trump said Kyiv and Moscow had agreed to an “energy ceasefire,” while President Zelenskyy says Russia has breached the truce. Saudi Arabia suffered its deadliest strikes since the Iran war began. Divya Singaravelu of Meridian 1305 Capital joins "Bloomberg Brief" to discuss the outlook for the 10-year Treasury yield. Josef Aschbacher, Director General of the European Space Agency, speaks to Bloomberg's Oliver Crook at the Warsaw Security Forum. Stella Li, Executive Vice President of BYD, speaks to Bloomberg's Caroline Connan about the automaker's expansion into Europe at the Paris Auto Show.
(Source: Bloomberg)...
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08.10.26 - 15:42
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Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction (ZeroHedge)
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Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction
US equity futures are lower, extending Wednesday's decline, with the S&P sliding further from Tuesday's record high as oil spikes on reports that Trump may order fresh strikes on Iran before the midterms, a tanker was hit off Qatar in the first strike deep inside the Persian Gulf in about a month, and an approaching storm has shut some US output; as a result the global bond rout picks up where it left off with 10Y yields hitting 5.35%. As of 8:00 am ET, S&P futures are 0.4% lower at 7,820 and Nasdaq futures are down 0.5%, while Dow and Russell futures are both down 0.8%. This follows a session in which the S&P (-0.2%) slipped from its record, almost three-quarters of the index fell and the Russell 2000 (-1.3%) sank to a 4-month low. In premarket trading, Tesla and Nvidia underperform their Mag 7 peers as chip, growth and AI-related stocks trend lower, while Microsoft and Apple edge higher; Defensives lea...
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01.10.26 - 21:01
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Treasury targets Iranian auto, rail sectors in latest round of sanctions (The Hill)
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The Treasury Department sanctioned Iranian auto and rail industries on Thursday, the latest salvo in its economic campaign against the Islamic Republic. The Treasury's Office of Foreign Assets Control (OFAC) sanctioned the entirety of those industries, which the administration views as critical sources of funding for the regime, the department noted in a release. The......
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