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Dollar benefits from Powell’s optimism, hits 6-month peak vs yen

“The dollar was up 0.05 percent at 112.955 yen after going as high as 113.08, its strongest since January 9” writes unknown author for cnbc.com. An easing of risk aversion was reflected on Wall Street, which rose overnight and supported Asian stocks on Wednesday after Powell’s optimistic analysis of the U.S. economy.”The dollar stands to gain further, particularly against the yen, with risk aversion in the equity markets petering out,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. “And while long-term Treasury yields are not rising prominently,…

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A Global View Of Small Business Optimism

“Separate data in the NFIB Small Business Optimism Index found that, while optimism levels fell slightly between May and June, outlook remains strong among U.S. entrepreneurs” reports pymnts.com. Dive into the data of small business performance in our B2B Data Digest below.What’s it like to be a small business owner?. According to Biz2Credit, institutional lenders set a new record for the Index, approving nearly 65 percent of small business loan applications. Source: pymnts.com Share This:

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PayPal target raised to $105 at Susquehanna due to increased optimism for offline efforts

“Susquehanna Financial Group analyst James Friedman raised his price target on shares of PayPal Holdings Inc” writes Emily Bary for marketwatch.com. PayPal shares are down 0.7% in premarket trading but up 57% over the past 12 months, while the S&P 500 SPX, +0.35% has gained 15%.”Though dilutive near term, [Susquehanna] calculates the iZettle acquisition adds a nickel to EPS by 2020, and much more longer term,” Friedman wrote.”Coupled with Venmo, PayPal is poised to finally become relevant offline.”.  Source: marketwatch.com Share This:

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Higher Asian markets mirror optimism on Wall Street

“WALL STREET: The S&P 500 index rose 0.9 percent on Monday to 2,784.17” writes The Associated Press for seattletimes.com. SINGAPORE (AP) — Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack of bad news surrounding U.S.-China tariffs boosted sentiment.The Shanghai Composite index was less than 0.1 percent higher at 2,816.10. Source: seattletimes.com Share This:

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Asian markets mirror optimism on Wall Street

“WALL STREET: The S&P 500 index rose 0.9 percent on Monday to 2,784.17” writes The Associated Press for seattletimes.com. SINGAPORE (AP) — Asian markets were mostly higher on Tuesday as overnight gains on Wall Street and the lack of bad news surrounding U.S.-China tariffs boosted sentiment.This added to optimism after a strong jobs report on Friday.Hong Kong’s Hang Seng rose 0.4 percent to 28,796.77, while the Shanghai Composite index was less than 0.1 percent lower at 2,814.00. Source: seattletimes.com Share This:

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Global Stocks Bounce as China Rebound Sparks Optimism Amid Trade War Jitters

“Global stocks rebounded Friday as a turnaround in China shares, as well as a weakening of the U.S. dollar, eased pressure in Asia even as investors continue to fret about the trade war impact on broader economic growth” writes Martin Baccardax for thestreet.com. Britain’s FTSE 100 lead regional gainers with a 1.86% rise as basic resource stocks paced the advance. Source: thestreet.com Share This:

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How stock investors can profit from this week’s Fed meeting

“You might find it hard to believe that a decision on rates would have so little consequence” writes Mark Hulbert for marketwatch.com. The reason contrarians are drawn to this strategy: The Fed’s decision itself won’t have much impact on U.S. corporate prospects.Contrarian investors possess a straightforward strategy for turning a short-term profit from the Fed’s interest-rate-setting meeting this week: Wait a few minutes after the Fed announces its decision on June 13, and bet that the stock market will soon reverse however it initially reacted. Source: marketwatch.com Share This:

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Small business optimism jumps to second-highest level ever; tax cut cited

“Overall, the small business optimism index’s reading of 107.8 in May marked an increase of 3 points from the prior month and the second-highest level in the index’s 45-year history” writes unknown author for cnbc.com. Small business optimism rose in May to its highest level in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday.Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest…

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The Trump-Kim summit is marked by more angst than optimism

“Iran gave up 97% of its nuclear material, shut down thousands of centrifuges and accepted strict limitations on its nuclear development that would last a minimum of 10 to 15 years” writes Sue Mi Terry for latimes.com. International inspectors could examine Iranian nuclear facilities, and the International Atomic Energy Agency could install cameras to monitor them. The Iran deal had significant flaws — it came with an expiration date, did not cover Iran’s non-nuclear activities and did not include automatic access for inspectors to all Iranian military facilities — which…

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Global Stocks Extend Gains; Tech Drives Optimism But G-7 Trade Concerns Persist

“The euro’s overnight gains, which took the single currency to 1.1808 against the dollar, pushed the greenback lower against a basket of its global peers, but failed to dent appetite for U.S. Treasuries, which held at 2.94% in early European trading” writes Martin Baccardax for thestreet.com. The dollar’s weakness did, however, add upward pressure to global oil prices, although surging U.S. production and a build-up in domestic inventories has WTI crude trading at a $10 discount to the global Brent benchmark.European stocks opened higher across the board, with the Stoxx…

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