Author: FX
Cindy Ord/Getty Images Entertainment Paramount (NASDAQ:PARA) (NASDAQ:PARAA) and Comcast (NASDAQ:CMCSA) have reportedly reached a renewal of their previous carriage deal ahead of its New Year’s Eve deadline. The deal between the two companies is expected to be similar to the previous deal, which was reached two years ago, Sports Business Journal reported, citing sources. The previous deal included Paramount’s CBS, CBS Sports Network and other channels owned by the Bob Bakish-led media company. Paramount and Comcast did not immediately respond to a request for comment from Seeking Alpha. Comcast shares fell 0.5% in late Friday trading while Paramount slipped 2.3%.…
Share: GBP/USD churns chart paper near 1.2740. UK annualized Nationwide Housing Prices slip, US Chicago PMI also misses. Soft data not shaking out Fed rate cut bets. The GBP/USD is cycling in near-term congestion as thin post-holiday markets get set to wrap up the last day of trading in 2023, testing back into intraday median prices just above the 1.2700 handle. The UK’s Nationwide Housing Prices slipped back further than expected in the annualized figure, printing at -1.8% for the year ending December versus the forecast -1.4%. Markets were expecting a healthier rebound from the previous period’s -2.0%…
The global asset that dominated the conversation in much of 2023 and particularly in Q4 was the 10-year Treasury note. However after a tumultuous year, it finishes nearly unchanged.The 10-year closed 2022 at 3.83% and it closes today at 3.87%. In the meantime it fell as low as 3.25% on the spring regional US banking crisis and as high as 5.02% on the October debt rout.The yearly chart paints a doji star, which is an indication of further volatility ahead.10 year yield yearlyOther changes on the bond curve:Two year yields down 11.3 bps on the year30-year yields up 9 bps…
© Reuters. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo By Jonathan Stempel NEW YORK (Reuters) – A federal judge said Johnson & Johnson (NYSE:) shareholders may pursue as a class action their lawsuit accusing the company of fraudulently concealing how its talc products were contaminated by cancer-causing asbestos. U.S. District Judge Zahid Quraishi in Trenton, New Jersey, on Friday allowed shareholders from Feb. 22, 2013 to Dec. 13, 2018 to pursue their securities fraud claims as a group. He rejected J&J’s argument that any class…
Share: The USD/CHF declined towards the 0.8400 level with a 0.40% loss. Markets currently anticipate a significant 160 basis points of easing by the Fed in 2024. The pair ends the year with a 9% depreciation and marks its third consecutive weekly loss. In Friday’s trading session, the USD/CHF pair endured losses as it declined to 0.8405. The pair resumed its weakening trend, pressured by dovish bets on the Federal Reserve (Fed) and the impact of lower US yields, which that weighed heavily on the pair’s dynamics. At their last 2023 meeting, the Federal Reserve recognized a deceleration…
Share: An exciting beginning of the 2024 trading year is ahead. Next week, economic reports include the US and Canada Job Reports and inflation figures from the Eurozone. The FOMC will release the minutes of its latest meeting. Here is what you need to know for next week: The beginning of 2024 brings key economic reports that will influence monetary policy expectations from the Federal Reserve (Fed) and the European Central Bank (ECB). The action will commence on Tuesday as market functions return to normal after the holidays. The focus regarding US data will be on the labor…
Share: EUR/USD is holding steady in thin markets to wrap up the trading year. The Euro is set for a 3% gain against the US Dollar for the year. US data continues to miss the mark as the economic outlook softens. The EUR/USD is trading flat on Friday, the last trading session of 2023. The Euro (EUR) is on pace to close up 3% against the US Dollar (USD) for 2023, rallying 5.8% from the year’s bottom bids near 1.0450 in October. The EUR/USD is still down nearly 2% from 2023’s peak at 1.1275 set in July, but…
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At this time last year, everyone was fretting about a 2023 recession. That’s the kind of setup that led to a 55% rally in the Nasdaq (with some help from AI) and a 24% rally in the S&P 500.How does the market feel going into 2024?Recession calls have disappeared, stocks are up nine weeks in a row and there’s the Fear & Greed Index.My base case is that we see rotation from megacap tech into broader indexes or value early in the year but there’s a compelling case that there are trillions of dollars on the sidelines that will flow…
Share: The Pound Sterling (GBP) is set to end 2023 with decent gains of almost 5.60%. The rally in the Pound Sterling is backed by consistently surging risk-appetite of the market participants due to easing fears of a global recession. Western central banks will likely wind-up their historically faster rate-tightening campaign amid easing price pressures, which has improved appeal for risk-sensitive assets. Read More… GBP/USD attempts to recover its losses registered in the previous session. The GBP/USD pair trades slightly higher around 1.2740 during the Asian hours on Friday. The US Dollar (USD) attempted to halt its losing streak…