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Sweden Fines Nasdaq 9.6 Million over Regulatory Violations

STOCKHOLM, June 19 Reuters Sweden39;s financial supervisory authority has fined Nasdaq Stockholm 100 million Swedish crowns 9.59 million for not complying with bourse rules at several occasions in recent years, the regulator said in a statement on Wednesday. Investigations show that, in conjunction with … four company events, there have been deficiencies in how Nasdaq Stockholm […]
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Stocks Bask in Nvidia Glow, Dollar Steady

LONDON, June 19 Reuters Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world39;s most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year. MSCI39;s AllWorld index was up 0.2 at 805.13, having traded at an alltime high […]
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Dollar Steadies, Sterling Eases ahead of Inflation Data

SINGAPORE, June 19 Reuters The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling dipped ahead of a reading on UK inflation due later in the day. U.S. retail sales barely rose in May and data for the prior month was revised considerably […]
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Gold Ticks Up as Fed Rate Cut Bets Burnish Appeal

Further US economic weakness to lift gold prices analyst May US retail sales softer than expected Weekly jobless claims data due on Thursday June 19 Reuters Gold prices edged higher on Wednesday after softer U.S. retail sales data boosted expectations that the Federal Reserve will cut interest rates this year. Spot gold was up 0.1 […]
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RBA Kept Cash Rate Elevated amid Strong Labour Market and High Inflation, U.S. Retail Sales Came Out Weak Causing USD Depreciation, Gold and Crude Oil Jumped

Previous Trading Days Events 18.06.2024 Australias central bank, RBA, held interest rates steady as expected, at a 12year high of 4.35, where they have been since a hike in November last year while reiterating that it was not ruling out further increases if needed to control inflation. While recent data have been mixed, they have […]
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Pound Firms Versus Euro and Dollar after UK Inflation Data

June 19 Reuters Sterling rose after UK data showed that underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates. British inflation returned to its 2 target in May for the first time in nearly three years, while the closelywatched services prices rose by 5.7. Markets priced in […]
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