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05 Apr BirthCNBC is the world leader in business news and real-time financial market coverage. Find fast, actionable information.
United States 05 Apr Birth
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WTI surges to $85.00 amid Israel-Iran tensions
WTI snaps the three-day winning streak near $85.00 on Friday. Israel retaliates as missiles strike a site in Iran, boosting the black gold price. The expectation that the US Fed will delay interest rate cuts to September might cap the WTI’s upside. Western Texas Intermediate (WTI), the US crude oil
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USD/CHF dips below 0.9100 as US Dollar corrects
USD/CHF drops below 0.9100, dragged by a correction in the US Dollar. The US Dollar drops as traders reprice the interest rate outlook of other central banks. The SNB could cut interest rates further amid easing price pressures. The USD/CHF pair falls below the round-level support of 0.9100 in Thurs
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Markets stabilize after Powell rules out rate hike, but the signs don’t look good
Markets are volatile right now; however, a relative calm has descended on the market and US. US stocks are down a touch, but the Vix is lower, US Treasury yields are lower, and the dollar is mostly lower vs. its G10 FX counterparts. The drivers of the market recovery seem to be twofold: firstly, alt
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Risk of a global recession is minimal, IMF economist says — would take 'a lot to derail'
One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 202
High company valuations a 'worry,' IMF's capital markets chief says
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF's director of the Monetary and Capital Markets Department said Tuesday. Financial markets have been on a tear for much of this year, buoyed by falling infla
UK inflation eases less than expected to 3.2% in March
Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday. That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February. Food prices provided the biggest downward drag on the headline rate, the ONS s
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When will Gold & Silver miners start believing in their product?
Miners spend billions of dollars every year pulling precious metals out of the ground. They toil mightily for years on end to produce these stores of value – but then they turn right around and sell all their gold and silver immediately in exchange for fiat currencies. If you stop to really think ab
IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks
The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient" despite inflationary pressures and monetary policy shifts. The IMF now expects global growth of 3.2% in 2024, up by a modest 0.1 percentage point from its ear
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World economy: To cut or not to cut (simultaneously)?
US inflation March figure, again higher than expected, put an end to our scenario of a simultaneous first rate cut by the Fed, the ECB, and the BoE in June. We now expect only two rate cuts by the Fed this year, the first in July and the second one in December. The possibility is even rising that th
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U.S. economy will see 'more things break' in 2025 if rates stay high, strategist says
The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday. Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken," meaning that any changes made b
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Gold price responses to market stress and geopolitical tensions in the Middle East
In a recent escalation of tensions in the Middle East, Iran launched an attack on Israel. This aggressive move was in direct response to an Israeli airstrike on an Iranian consular building in Damascus, Syria. Iran’s action highlights the delicate and volatile nature of geopolitical relations in the
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WTI trims gains amid market caution after Iran’s attack on Israel, remains above $85.00
WTI price received upward support as investors expect Israel to respond to Iran’s assault. Israeli Prime Minister Benjamin Netanyahu has called upon his war cabinet to formulate a response to Iran's direct attack on Israel. The crude Oil prices hold ground in the face of mixed Chinese data. West Tex
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