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Futures rise on China stimulus, trade optimism

All three major U.S. stock indexes ended higher on Tuesday after President Donald Trump said an initial U.S.-China trade pact would be signed on Jan. 15. Expectations of a trade deal, robust U.S. economic data and a loose monetary policy by some of the world’s most influential central banks had powered a rally on Wall Street in December. China’s central bank said on Wednesday it would cut the amount of cash that all banks must hold as reserves, the eighth such cut since early 2018, injecting fresh stimulus into the economy. …read more […]

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Market Morning: Microsoft vs North Korea, Uber vs California, Ghosn vs Japan, Rioters vs US Embassy

Microsoft to the Rescue From North Korean Hackers Microsoft (NASDAQ:MSFT), besides having a skyrocketing stock price, is now responsible for taking over 50 websites it has accused North Korean hackers of taking over in order to steal highly sensitive information from US computers. A court gave the tech giant the mandate to take over the […]The post Market Morning: Microsoft vs North Korea, Uber vs California, Ghosn vs Japan, Rioters vs US Embassy appeared first on Market Exclusive. …read more […]

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Oil Steadies Amid Middle East Tensions, Shrinking Stockpiles

(Bloomberg) — Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.Futures held near $61 a barrel in New York. An Iran-backed Iraqi militia withdrew from the U.S. embassy in Baghdad after storming the compound to protest deadly airstrikes. The American Petroleum Institute reported crude inventories fell again last week, according to Reuters. Official data is due on Friday.Oil had a strong end to last year following an agreement by the Organization of Petroleum Exporting Countries and its allies to deepen output cuts, and …read more […]