The Stock Market Keeps Getting Cheaper. There’s Just 1 Catch
The rally has been built on profits—not rising valuations.
We haven't written up this one. Inc. has the full story — the link below goes straight to it.
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British Pound: Budget uncertainty leaves Sterling vulnerable against Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley outlines a cautious stance on UK fiscal prospects and their impact on EUR/GBP.
ABN Amro beats on profit, boosts key revenue source outlook
It posted net income for the three months through June of 780 million euros (US$900 million)
Hedge funds turn to yen options ahead of key US inflation data
TOP STORY: Hedge funds and other currency investors are increasing their use of options to navigate heightened uncertainty around the yen ahead of key US inflation data, with traders split over…
Inflation is expected to cool again in today's July CPI report
The BLS releases the July CPI report today at 8:30 a.m. ET. Economists expect inflation to cool to 3.4%, with energy prices being a key area to watch.
Pimco’s Seidner Says Angst Over Fed Credibility Is Unwarranted
Pacific Investment Management Co. says market anxiety about the inflation-fighting credentials of the Federal Reserve is overdone and that US bond yields at current levels look attractive.
Oil prices rise as US-Iran deal doubts and ship attacks fuel supply fears
Brent rose to $89.63 and WTI to $83.91 on Wednesday as fading US-Iran peace hopes and Strait of Hormuz attacks offset a surprise build in US crude stocks.