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Recommended by Manish Jaradi The Fundamentals of Trend Trading Global equity markets rose, led by solid gains in US equities, as markets cheered the passage of a debt ceiling bill that averted a catastrophic US default. Debt negotiations in Washington have been a key focus for markets in recent weeks, and the passage of the legislation that lifts the government’s $31.4 trillion debt ceiling removes a major uncertainty.The S&P 500 rose 1.8%, while the Nasdaq 100 index surged 1.7%. The German DAX 40 advanced by 0.4% while the UK FTSE 100 slipped by 0.2%. In Asia, the Hang Seng index…

choi dongsu Billions of dollars in sales across various MedTech markets will be at stake if there is a broader acceptance of weight loss drugs developed by Novo Nordisk (NVO) and Eli Lilly (NYSE:LLY), Morgan Stanley argued in a research note last week. Novo Nordisk’s (NVO) GLP-1 receptor agonist Wegovy is already approved in the U.S. for obesity, and Lilly (LLY) is advancing its diabetes medication Mounjaro that targets both GIP and GLP-1 receptors towards a weight loss indication before the year-end. Morgan Stanley analyst Terence Flynn estimates that Mounjaro and Wegovy, along with Novo’s (NVO) next-gen obesity drugs such…

6/6 © Reuters. A soldier reacts near the site of a reported security incident near Israel’s southern border with Egypt, Israel June 3, 2023. REUTERS/Amir Cohen 2/6 JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu on Sunday called the killing of three soldiers by a member of the Egyptian security services a terrorist attack and demanded a full joint investigation with Cairo. Egypt says it is working with Israel to investigate the incident which occurred on Saturday. “Israel relayed a clear message to the Egyptian government. We expect that the joint investigation will be exhaustive and thorough,” Netanyahu told his cabinet…

Share: In this analysis, we meticulously examine the recent performance of the Nasdaq 100 and US 500 indices to gauge their strength and determine whether the current trend can be sustained. By evaluating key indicators and price action, we aim to provide insightful guidance to traders and investors, equipping them with the knowledge to navigate the market confidently. Our analysis serves as a compass, illuminating the potential outcomes and market dynamics that may unfold in the coming trading sessions. By analyzing the performance of these major indices, we provide traders and investors with valuable insights into what to…

As we continue to explore the financial landscape of 2023, the spotlight remains firmly on the S&P 500. In this condensed follow-up to our previous analysis, we’ll take a unique approach to predicting this market’s trajectory, focusing specifically on the 4400 key level.Revisiting Our Previous ForecastIn our earlier article, we delved into an eye-opening forecast for the stock market in 2023, utilizing the powerful tools of yearly candles and volume profile. We identified significant levels of support and resistance and assessed the distribution of trading activity over time.This approach allows us to discern pivotal price levels that could influence the…

© Reuters. Investing.com – By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve driven the group nuts this year in trying to keep a barrel at $80 or more. Oil revenue is the lifeblood of the economies in OPEC, or the Organization of the Petroleum Exporting Countries, a 13-member Saudi-led group whose main objective is to be the price-setter of the commodity. Ten other oil-producing states, including Russia, that aren’t OPEC members also keep their output closely in line with…

Warning: LNSTY is at high risk of cutting its dividend Source link

BRENT CRUDE OIL ANALYSIS & TALKING POINTSRussia finding it tough to cut production the rest of OPEC+ seeks higher prices.Light economic week ahead gives places more emphasis on OPEC+.Weekly Brent crude chart may point to higher prices. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE OIL FUNDAMENTAL BACKDROPFor crude oil prices (WTI and Brent), the OPEC+ meeting on June 4th, 2023 will be a critical juncture for oil markets. Of recent, friction between two of the most influential nation within the cartel, Russia and Saudi Arabia; have been growing. The problem stems from OPEC+’s pledge to limit…

2/2 © Reuters. People try to escape from toppled compartments, following the deadly collision of two trains, in Balasore, India June 2, 2023, in this screen grab obtained from a video. ANI/Reuters TV via REUTERS 2/2 By Jatindra and Abinaya V BAHANAGA, India (Reuters) – At least 288 people have died in India’s worst rail crash in over two decades, officials said on Saturday, after a passenger train went off the tracks and hit another one in an accident a preliminary report blamed on signal failure. One train in Friday’s accident also hit a freight train parked nearby in the…

imaginima/iStock via Getty Images Oil and gas companies, as well as wind and solar developers, say language in the debt ceiling bill intended to speed up the federal permitting process for large infrastructure projects does not go far enough but could be a precursor for more sweeping legislation. The reforms in the bill include revisions to the National Environmental Policy Act of 1970 which limit the environmental permitting process to two years, and require projects to name a single lead agency that would develop one master environmental review document. The bill also orders a study of U.S. grid capacity to…