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Search results for "MOVE"



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United States is a crowded trade: Jim Paulsen

Portfolio Investors should rotate out of "overvalued" U.S. equities next year, according to Jim Paulsen at Wells Fargo Asset Management.
Source: CNBC.com | By: Matt Clinch
FOREX-ECB caution, better euro zone data push up single currency

LONDON, Dec 1- The euro bounced back from a 7-1/ 2- month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. But data showing unemployment in Germany hitting a record low, and euro zone manufacturing growth at a 19- month...
Source: Reuters | By: Jemima Kelly
UPDATE 1-China's Xi in Zimbabwe to sign power, infrastructure deals

Zimbabwe, which became a pariah in the West after President Robert Mugabe's government was accused of rigging votes and human rights abuses, has increasingly turned to China for investment to help an economy desperate for new infrastructure like roads, power and water. Zimbabwe and China's Import and Export Bank is expected to loan Harare more than $1 billion...
Source: Reuters | By: MacDonald Dzirutwe
Judge rejects Redstone mental competence evaluation

A court rejected a request from the former girlfriend of Sumner Redstone for the chairman of Viacom to undergo an immediate medical evaluation.
Source: Reuters
Approaching wave of ECB cash lifts inflation expectations

*Five-year, five-year breakeven forward above 1.80 percent. LONDON, Dec 1- A closely watched measure of long-term market inflation expectations reached its highest level since July on Tuesday, as investors anticipated a comprehensive monetary policy easing package from the European Central Bank this week. "It reflects to some degree the expectation that the...
Source: Reuters | By: Marius Zaharia
ECB caution drives traders to buy back euro

The dollar fell as traders bought back the euro, reckoning a large amount of further monetary easing had already been priced into the single currency.
Source: Reuters
Moment of truth as Puerto Rico faces crucial debt payment

SAN JUAN/ NEW YORK, Dec. 1- Puerto Rico faces a moment of truth on Tuesday, as the island owes a $355 million payment- a possible default which could trigger lawsuits, further spook investors and undermine the island's efforts to climb out of $72 billion in debt. The payment on bonds issued by the U.S. commonwealth's financing arm, the Government Development Bank, are...
Source: Reuters | By: Nick Brown and Megan Davies
GLOBAL MARKETS-Stocks stutter and euro firms as ECB bets waver

*FTSE standout gainer, U.S. stocks set to open higher. LONDON, Dec 1- European stock markets stuttered and the euro clawed back some ground against the U.S. dollar on Tuesday as investors had second thoughts about sky-high expectations of European Central Bank easing this week. Britain's FTSE 100 was one of only a couple of the region's bourses to show gains after...
Source: Reuters | By: John Geddie
US bonds fall as 'safe haven' bid wanes

U.S. sovereign bonds declined on Tuesday, as so-called safe haven assets declined and equities rallied.
Source: CNBC.com | By: Katy Barnato
It could get a lot worse for gold this week

Gold just had its worst month in more than two years, and this week's events could lead to more trouble, traders say.
Source: CNBC.com | By: Stephanie Yang