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European stocks rebound after North Korea’s response to canceled summit

“European stocks rebounded after two straight sessions of losses on Friday after measured comments from North Korea calmed nerves about a geopolitical crisis” writes Markets Reporter for marketwatch.com. After weeks and months of disappointing data, not only from Germany but the entire eurozone, an unchanged Ifo index is already good news. Source: marketwatch.com Share This:

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Tokyo’s core consumer price index up 0.5%

“Tokyo’s core consumer prices rose in May at a slightly slower pace, another sign that there is still a long way to go until inflation reaches the Bank of Japan’s 2% goal” reports marketwatch.com. The core CPI, which excludes fresh-food prices, rose 0.5% in May from a year earlier, data from the Ministry of Internal Affairs and Communications showed Friday. In April, the national core index rose 0.7% from a year earlier, down from 0.9% in March. Source: marketwatch.com Share This:

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A 1-day spike in Wall Street’s ‘fear index’ made Goldman $200 million

“The volatility gauge tends to move inversely to equity indexes” writes Mark Decambre for marketwatch.com. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. Goldman has been less trading focused of late, pouring money into consumer banking and hiring senior executives in its investment-banking and technology divisions. Source: marketwatch.com Share This:

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U.S. stock futures look hemmed in as North Korea gloom offsets dovish Fed

“U.S. stock futures mostly showed little change early Thursday, as worries about North Korea appeared to offset a Federal Reserve release that was viewed as dovish” writes Markets Reporter for marketwatch.com. Nasdaq-100 futures NQM8, +0.15% showed a little more life, rising by 14 points, or 0.2%, to 6,971. Source: marketwatch.com Share This:

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Asia markets lower on renewed U.S.-China trade concerns

“However, the release of minutes from the Federal Reserve’s May 1-2 meeting eased market concerns that it would raise interest rates more quickly than expected” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei stock index was 0.6 percent lower.Australian shares were 0.1 percent lower, extending losses into a sixth consecutive session on weak prices for iron ore and oil.The dollar index , which tracks the greenback against a basket of six major rivals, was 0.1 percent lower at 93.894.SHANGHAI…

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US stocks point to a triple-digit loss at the open after Trump plays down China trade talks

“ET, Dow futures fell 143 points, indicating a lower implied open of 122 points” writes Silvia Amaro for cnbc.com. The president also said Tuesday he was “not satisfied” with trade talks with China despite opposing comments from other members of his administration.U.S. stock index futures pointed to a lower open Wednesday, after President Donald Trump told reporters he was not sure about whether a scheduled meeting with the North Korean leader would actually happen. Source: cnbc.com Share This:

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Here’s the hidden stock-market risk investors need to watch out for

“The higher sector correlation is occurring at a time when overall market volatility has been low, having also receded from a spike in February” writes Markets Reporter for marketwatch.com. Thus, beating markets through simple stock selection is getting harder,” wrote Gaurav Sinha, a strategist at WisdomTree. “We are now entering a regime where higher correlations are feeding higher volatility.The last time this happened, in February, it contributed to a stock-market correction that the Dow Jones Industrial Average  DJIA, -0.63%  and the S&P 500 SPX, -0.25% still haven’t fully recovered from.According…

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Selling pressure stays on dollar as pound climbs on BOE rate-hike comments

“The WSJ Dollar Index BUXX, -0.17% a broader measure of the greenback that also includes emerging-markets currencies, slipped 0.2% to 86.90” writes Markets Reporter for marketwatch.com. Check out: Being long the dollar is cool again The ICE U.S. Dollar Index DXY, -0.38% which measures the dollar against six rivals, was weaker at 93.368, from 93.630 late Monday.However, the 10-year Treasury yield TMUBMUSD10Y, +0.58%  has been stabilizing after touching a seven-year intraday high of 3.126% early Friday.The British pound GBPUSD, +0.2532%  jumped to $1.3472 from $1.3426 on Monday, when it tapped…

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