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The Melbourne skyline is reflected in the Maribyrnong River in the early morning light on April 18, 2023. Asia-Pacific markets were range bound on Tuesday as investors assess comments from the European Central Bank officials signaling that rate cuts may be on the horizon for the world's largest economic bloc. Japan's Nikkei 225 also was trading close to the flatline, with the broad based Topix also near flat. In a speech Monday, Olli Rehn, ECB governing council member and head of Finland's central bank, stressed inflation in the euro area was falling in a "sustained way." Inflation in the euro zone held steady at 2.4% in April, marking the seventh straight month it has been below 3%, despite a slight rebound in December.

Persons: Kospi, Olli Rehn Organizations: European Central Bank, Nikkei Locations: Melbourne, Maribyrnong, Asia, Pacific, Australia

☆ Jobless rates rise in April for all racial groups except Black Americans
▼ + stars: | 2024-05-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: 1 min

The unemployment rate for Black Americans fell in April, bucking the overall trend, according to data released Friday by the Department of Labor. Black Americans remain the racial group with the highest jobless percentage in the U.S., even after the group's unemployment rate dipped to 5.6% last month from 6.4% in March. Still, that's notable compared with the overall unemployment rate — which rose to 3.9% in April from 3.8% — and to the other racial demographics, which all saw their unemployment rates increase last month. White Americans saw their unemployment rate edge fractionally higher to 3.5% from 3.4%. The jobless rate for Asian and Hispanic workers, respectively, rose to 2.8% from 2.5%, and to 4.8% from 4.5%.

Organizations: Black, Department of Labor Locations: U.S

☆ Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower.

Persons: Goldman Sachs, Morgan Stanley, Wayfair, foresees, Levi Strauss, Conagra, FactSet . Lamb Weston —, Lamb Weston, FactSet, Grindr, Raymond James, Solventum, —, Alex Harring, Hakyung Kim Organizations: Hertz, Goldman, Investors, Zeta, Conagra, Alaska Air Group —, Boeing, Reuters, 3M, Treasury, Energy, SolarEdge Technologies Locations: Alaska

☆ It's been one year since SVB's collapse sent shockwaves through the banking sector. Here's where the industry and our financial names stand now
▼ + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. Wells Fargo shares got a big boost after a key win with regulators in mid-February. It would allow Wells Fargo to finally grow its assets again and help rake in more profits. MS YTD mountain Morgan Stanley (MS) year-to-date performance Conversely, the Club's other bank stock, Morgan Stanley , has been lagging in 2024 — down 7% year to date. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: It's, SVB, NYCB, Steven Mnuchin's, Wells Fargo, Wells, they've, Scott Siefers, Piper Sandler, we're, Charlie Scharf, Morgan Stanley, Morgan Stanley's underperformance, management's, Ted Pick, Jim Cramer, Morgan Stanley's, Morgan, Jim, Reddit, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, shockwaves, Bank, , New, , New York Community, Strategic Capital, Wells, Wells Fargo, Currency, Federal Reserve, CNBC, Club, Management, Morgan Stanley's IB, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Silicon, Wells, ,, , New York, Wells Fargo

☆ Stock futures are little changed on Sunday night after a record week for the S&P 500: Live updates
▼ + stars: | 2024-02-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 6, 2024. U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 . On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. The S&P 500 and Nasdaq Composite added 1.4% and 2.3%, respectively. Some 61 names in the S&P 500 are set to report earnings in the week ahead, including gig economy stocks Lyft , Instacart and DoorDash .

Persons: Kraft, Jay Hatfield, Hatfield Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, Dow, Kraft Heinz, Hasbro, Capital Advisors, Traders, CPI, PPI, CNBC Locations: New York City, U.S

☆ Wall Street gives 2 of our healthcare stocks well-deserved price target bumps
▼ + stars: | 2024-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street liked what it saw from GE Healthcare and Eli Lilly in their earnings reports, leading to a round of well-deserved price target bumps for the Club stocks. GE Healthcare fell slightly Wednesday, holding on to most of Tuesday's almost 11.7% surge. The biggest price target boost for GE Healthcare came from Piper Sandler, going to $94 per share from $84 while reiterating its buy-equivalent rating. Goldman Sachs, which has a hold rating on Eli Lilly, bumped its price target to $650 a share from $600. The GE Healthcare scanner is called the Revolution CT. Martin Schutt | picture alliance | Getty Images

Persons: Eli Lilly, tirzepatide, Lilly, it's, Piper Sandler, —, Mizuho, Wells Fargo, Evercore, Eli Lilly's, Lilly's, Eli, Truist, Cantor Fitzgerald, Morgan Stanley, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Club, GE, Mizuho Securities, Electric, BMO Capital Markets, Truist Securities, CNBC, Bank of America, Barclays, Getty Locations: Amgen, China, Eli Lilly's, Wells Fargo, Jena , Germany

☆ Market leadership is getting even narrower as the 'Magnificent 4' takes over
▼ + stars: | 2024-02-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Meta's strong earnings has been a major factor in pushing up overall S & P 500 earnings estimates. The S & P 500 is up 4% for the year, but the equal-weight S & P 500 is up only 0.2%. Only about half the stocks in the S & P 500 are up this year. The two main small-cap indices, the Russell 2000 and the S & P SmallCap 600 , are both down 3% for the year. "If the S & P 500 was the Mag 7, it would be trading above 10k now."

Persons: Russell, we've Organizations: Nvidia, Microsoft, New York Stock Exchange, Software, NVIDIA, Apple

☆ As Trump wins New Hampshire, here’s an early look at stocks that could win if Republicans sweep in November
▼ + stars: | 2024-01-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Certain stocks are poised to perform better under Republican or Democratic leadership this coming November, according to Strategas. On Wednesday night, former president Donald Trump clinched the victory in the New Hampshire primary over former South Carolina Gov. The win now means it's "highly likely" Trump will secure the Republication presidential nomination, according to Strategas analyst Daniel Clifton. US-China trade tensions are likely to continue regardless, but we see greater escalation under Trump," Clifton said. Other names that could outperform under Democratic leadership include renewable energy company NextEra Energy , automation provider Rockwell Automation and beverage company Constellation Brands .

Persons: there's, Donald Trump, Nikki Haley, Daniel Clifton ., Clifton, Trump, Biden, Kinder Morgan, Tesla, Joe, Morgan Stanley, Erik Woodring, — CNBC's Michael Bloom Organizations: Republican, Democratic, South Carolina Gov, Trump, L3Harris Technologies, JPMorgan, Democrat, Verizon Communications, GOP Congress, California's, Tesla, Biden, Apple, NextEra Energy, Rockwell Automation, Constellation Brands Locations: New Hampshire, L3Harris, Tuesday's, China, Clifton, U.S, LSEG

☆ Treasury yields fractionally higher ahead of key data releases
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

ET, the yield on the benchmark 10-year Treasury note was around 1.7 basis points higher at 4.1109% while the yield on the 30-year Treasury bond was up just over 1 basis point at 4.3284%. U.S. Treasury yields nudged slightly higher on Tuesday morning, as market participants await the release of key economic data points later in the week. Investors are trying to gauge when the Federal Reserve will begin cutting interest rates, which will be a key determinant of the trajectory for markets and the economy this year. Despite the uncertain rate outlook, risk-on sentiment remained robust on Monday, as the Dow Jones Industrial Average and the S&P 500 both notched all-time highs. Auctions will be held Tuesday for $46 billion of 52-week Treasury Bills and $60 billion of 2-year notes .

Persons: that's, it's, Guillermo Felices, CNBC's Organizations: U.S, Treasury, Investors, Federal Reserve, Commerce, Dow Jones Industrial, Global Investment, Treasury Bills

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ European markets set for mixed open as traders weigh 2024 central bank cuts; gold hits record high
▼ + stars: | 2023-12-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set for a mixed open, potentially pausing a significant global rally as traders bet on interest rate cuts from major central banks in 2024. Gold prices notched a fresh record high on Monday for a second consecutive day, with spot prices touching $2,100, with analysts citing geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts as further catalysts for bullion heading into next year. The upward momentum continued despite Fed Chair Jerome Powell's efforts to temper market expectations for incoming rate cuts, as he argued it was "premature to conclude with confidence" that monetary policy was "sufficiently restrictive." U.S. stock futures were fractionally lower in early premarket trade on Monday as some caution returned. Shares in Asia-Pacific were also mixed on Monday with investors awaiting a fresh round of economic data on Tuesday, and key inflation readings later in the week.

Persons: DAX, Jerome Powell's Organizations: LONDON, U.S . Federal, Dow Jones Locations: Frankfurt, Germany, Asia, Pacific

☆ Opinion: This word of the year has a big problem
▼ + stars: | 2023-11-29 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

According to Merriam-Webster, the word of 2023 is “authentic.” And unlike the dictionary’s last few choices, it’s plagued by contradictions. As Buzzfeed and other outlets made very clear, she was the down-to-earth embodiment of the “cool girl” persona first popularized by Gillian Flynn’s 2012 novel, “Gone Girl,” a riotous, happy-go-lucky sex symbol. Almost overnight, the “cool girl” aura she epitomized was recast. Online, our miniature social media platforms take cues from celebrities’ mega ones. Should we even post about our mental health on social media, if we wouldn’t be comfortable telling our boss about it in person?

Persons: Holly Thomas, Katie Couric, Webster, Holly Thomas Holly Thomas, ”, There’s, Peter Sokolowski, George Santos ’, — Merriam, it’s, we’re, Jennifer Lawrence, didn’t, Dior, cussed, “, Gillian Flynn’s, Lawrence, Hodgson, Emma Chamberlain, we’ll, ” It’s, Jennifer Organizations: Katie Couric Media, CNN, Merriam, Associated Press Locations: London, “

☆ Stocks maintain November reign, oil hit by OPEC doubts
▼ + stars: | 2023-11-23 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. Wall Street's benchmark S&P 500 (.SPX) is nearing a fresh high for 2023, with the S&P 500 and MSCI's all-country world index (.MIWD00000PUS) both up more than 8% this month alone. For MSCI world that is the best showing since November 2020 when markets got a major shot in the arm from COVID vaccine hopes. Germany's 10-year bund , the benchmark for the Europe, was fractionally higher on the day at 2.57% having touched 3% last month. Bitcoin fell by 0.77% on Thursday to $37,337 after it rose nearly 5% on Wednesday.

Persons: Tyrone Siu, Geert Wilders, Robert Alster, Viktor Orban, Wilders, Mark Rutte, Sterling, Jeremy Hunt, Changpeng Zhao, Marc Jones, Christina Fincher Organizations: REUTERS, PMI, ECB, Oil, Traders, Asset Management, European Union, Freedom Party, Labour, Green, People's Party for Freedom and Democracy, European, HK, Reuters, Treasury, UK Finance, OPEC, Thomson Locations: Exchange, Hong Kong, China, Europe, U.S, EU, Germany, Holland, Ukraine, Turkey, Asia, Pacific, Japan, Brent, Bitcoin

Money managers through Nov. 14 expanded their net long in CBOT soybean meal futures and options to 131,404 contracts from 111,987 a week earlier, also on new longs. January meal futures surged 21% during those five weeks and nearly 4% in the most recent week, reaching their highest ever levels for the date. The pre-2023 record open interest in meal futures and options was 594,016 contracts set in mid-2018 after drought significantly cut down top meal exporter Argentina’s soybean crop. March CBOT wheat futures rose fractionally during the week, and funds trimmed nearly 3,000 contracts from their huge net short, resulting in 89,271 futures and options contracts. wheat, funds have been very heavy sellers of spring wheat futures since late July.

Persons: Gustavo Bonato, Soyoil, Karen Braun, Diane Craft Organizations: REUTERS, Rights, Reuters, Thomson Locations: Campo Verde, Mato Grosso, Brazil, Rights NAPERVILLE , Illinois, United States, U.S, Kansas City, Minneapolis

☆ European markets set for lower open after Fed Chair Powell comments
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The logo of London Stock Exchange Group Plc in the office atrium in the City of London, UK, on Tuesday, March 14, 2023. LONDON — European markets are set to retreat on Friday morning after U.S. Federal Reserve Chair Jerome Powell said the central bank is "not confident" it has done enough to rein in inflation. The Fed last week held rates unchanged, along with the Bank of England and the European Central Bank, with markets now turning their attention to when rate cuts will begin next year — a position central bankers have tentatively pushed back against. Stock futures stateside pointed to a fractionally higher open on Wall Street Friday. European shares closed Thursday's session up 0.8% after a boost from a strong set of corporate earnings reports, which will likely continue to drive individual share price action Friday.

Persons: Jerome Powell, Powell Organizations: London Stock Exchange Group, City of, LONDON, Federal, Bank of England, European Central Bank, Stock Locations: City, City of London, Asia, Pacific, U.S

The trade’s idea of corn yield lines up with past similar years. Other than 2023, the last three times that soybean yields fell in August, September and October were 2008, 2003 and 1999. Crop Watch results generally support these predictions since the 11-field soybean yield ended up close to the season’s lowest score while corn yields bounced a bit at the end. It has been 15 years since the agency lowered Brazil’s soy crop between October and November. 2024Without severe crop losses in Brazil’s soy or corn this year, U.S. supplies, especially corn, could balloon in 2024-25.

Persons: USDA’s, Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, South, Reuters, SOUTH AMERICA, Consultancy, USDA, Thomson Locations: NAPERVILLE , Illinois, U.S, USDA, Mato Grosso, Argentina

☆ Italy's Nexi confirms guidance after earnings meet forecasts
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. Nexi said it had sold ID, a system to verify users' online identity and data, which it had lined up for disposal during its latest capital markets day to streamline its operations. Nexi's earnings before interest, tax, depreciation and amortisation came in at 495.8 million euros ($531 million), fractionally ahead of analyst forecasts. Revenues totalled 872 million euros, in line with expectations. ($1 = 0.9343 euros)Reporting by Valentina Za, editing by Giulia SegretiOur Standards: The Thomson Reuters Trust Principles.

Persons: Alessandro Garofalo, Nexi, amortisation, Valentina Za, Giulia Segreti Organizations: REUTERS, Thomson Locations: Milan, Italy

☆ Stocks making the biggest moves midday: Warner Bros., Occidental Petroleum, Rivian, Toast and more
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 26% after missing third-quarter sales and earnings estimates. Biogen — Stock in the biotech company fell more than 4% after third-quarter sales and earnings topped analysts' estimates. Boston-based Toast lost 9 cents per share, while analysts were expecting earnings of 10 cents per share, according to LSEG. Robinhood — The trading platform fell more than 14% after missing revenue estimates in the third quarter. Uber was down almost 1% after the company posted third-quarter results that missed sales and earnings estimates.

Persons: Berkshire Hathaway —, Rivian, Roblox, LSEG, StreetAccount, Robinhood, Uber, Jesse Pound, Yun Li, Pia Singh, Alex Harring, Lisa Han, Tanaya Macheel, Sarah Min Organizations: —, FactSet, Reata Pharmaceuticals, Occidental Petroleum —, Berkshire, Occidental, Wall, LSEG, Warner Bros, HBO, Food Network, eBay Locations: Houston, Boston

☆ UBS says these software stocks can maximize AI, have 30% upside
▼ + stars: | 2023-11-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The price target on three of those names implies upside of 30% or more. "Rate-fueled multiple compression offers investors opportunistic entry into high-quality, mission critical software businesses with TAMs [total addressable markets] growing low double-digits," analyst Kevin McVeigh wrote. Cloud-based software provider Intapp could also have more than 30% upside despite rallying 43% year to date, according to McVeigh. "We see a well-positioned, predictable model, coupled with constructive fundamentals positioned for core consistent 4-7% organic revenue growth," the analyst wrote. McVeigh also included Thomson Reuters on his list of buy-rated names, although he only sees 18% upside for the stock.

Persons: Kevin McVeigh, McVeigh, — CNBC's Michael Bloom Organizations: UBS, Clearwater Analytics, C Technologies, Thomson Reuters, Nvidia

☆ Norway’s Ingebrigtsen family is ripped apart by allegations of ‘aggression and physical punishment’
▼ + stars: | 2023-10-27 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

Such was the case for Gjert Ingebrigtsen, who was the coach to three of his seven children: Henrik, Filip and Jakob, the one who raced to Olympic gold in Tokyo two years ago. Because he’s anxious and he has nerves and he responds by getting irritated and angry about the little stuff.”CNN has contacted representatives for the Ingebrigtsen brothers for further comment. Team Ingebrigtsen, a documentary series first aired in 2016, has shed light on the family dynamic, particularly the father-coach relationship between Gjert and his sons. “I would say that after the royal family, I think they are the most famous family in Norway,” said Folvik. In two separate statements, the federation said that it wants to create a “safe environment” for athletes and made reference to comments made by the Ingebrigtsen brothers in the media.

Persons: Timothy Cheruiyot, Gjert Ingebrigtsen, Henrik, Filip, Jakob, ” Henrik, ” Jakob Ingebrigtsen, Matthias Hangst, “, Elden Advokatfirma, ”, Terese Braut Våge, ” John Christian Elden, Filip Ingebrigsten, Michael Steele, Martin, Gjert, Norway’s, ’ Henrik, Erling Haaland, Martin Ødegaard, Viktor Hovland, ” Herman Folvik, it’s, Team Ingebrigtsen, Narve Gilje Nordås, Narve, Nordås, Sam Mellish, – Organizations: CNN, Kenyan, Tokyo, CNN Sport, New York Times, VG, Team, Norwegian Athletics Federation Locations: Tokyo, Berlin, Norway, Budapest, Hungary

☆ European stocks retreat as traders track earnings, inflation data
▼ + stars: | 2023-10-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly lower on Wednesday as traders monitored corporate earnings, developments in the Middle East , and key inflation data. The pan-European Stoxx 600 index slipped 0.4% in early trade, with tech stocks shedding 1.7% to lead losses while retail stocks added 0.4%. Shares in Asia-Pacific clawed back some lost ground throughout the trading session overnight, after fresh data showed stronger-than-expected economic growth out of China for the third quarter. Earnings season also gathers steam in Europe, with ASML , SAP, Volvo, Deutsche Boerse and ABB among those reporting Wednesday. Economic data will also be in focus, with inflation data from the U.K. and the euro zone released throughout the morning.

Persons: Morgan Stanley Organizations: Federal Reserve, Stock, Wall, Netflix, Tesla, ASML, SAP, Volvo, Deutsche Boerse, ABB Locations: Asia, China, Europe

☆ Detroit casino workers go on strike after failed talks
▼ + stars: | 2023-10-17 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

The Detroit Casino Council (DCC) called the first strike in its history after negotiations which began in the summer did not yield a new contract. On Sept. 29, 99% of voting workers from all unionized groups at the three Detroit casinos voted to authorize the DCC to call a strike if negotiations weren't progressing. The committee estimates the strike would risk $3.4 million in operator revenue per day, with the greatest impact to MGM Grand Detroit at $1.7 million per day. "We've made six proposals to the union and our current offer includes the single largest pay increase in the history of MGM Grand Detroit," the company said. Industry gaming revenues have surpassed pre-pandemic levels, with the Detroit casino industry generating $2.27 billion in 2022, according to the DCC negotiating committee.

Persons: Bridget Bennett, Gwen Mills, We've, Doyinsola Oladipo, David Gregorio Our Organizations: MGM, MGM Resorts, REUTERS, MGM Grand Detroit, MGM Resorts International, Hollywood, Penn Entertainment, Detroit Casino Council, Detroit, DCC, United Auto Workers, UAW, Teamsters, Engineers, Michigan Regional, Carpenters, Industry, Culinary Workers, Bartenders Unions, Caesars Entertainment, Wynn Resorts, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Greektown, Las Vegas, United States, New York

During that week, money managers cut their net short in CBOT corn futures and options to 112,691 contracts from 159,433 a week earlier, marking their biggest round of net buying since late July. Managed money net position in CBOT corn futures and optionsDecember corn futures had reached their U.S. harvest lows by mid-September in 2016, 2018 and 2019, and so far, the harvest low for December 2023 corn sits on Sept. 19 at $4.67-3/4 per bushel. Money managers have not held a bearish soy view since April 2020 but have come close a couple times. Managed money net position in CBOT soybean futures and optionsHowever, overall speculators’ soybean net short was preserved through Oct. 10 as other reportable traders were only slight net buyers during the week. That small net short was established in the prior week for the first time since March 2020.

Persons: Gleb Garanich, Wheat, Karen Braun, Deepa Babington Organizations: REUTERS, Rights, U.S ., U.S . Department, Agriculture’s, USDA, U.S . Renewable, Reuters, Thomson Locations: Bilohiria, Khmelnytskyi, Ukraine, Rights NAPERVILLE , Illinois, Chicago

This marks their biggest net short in corn since August 2020, and it nearly ties 2016 for the date's most bearish corn view. The move went against expectations for slight fund buying, as most-active CBOT corn futures had drifted fractionally higher for the week. Funds maintained their huge net short in CBOT wheat futures and options, which is the second largest for the time of year after 2016. CONTINUED SELLINGFriday marked several milestones for CBOT grain and oilseed futures, the most significant being a 6.4% dive in CBOT wheat futures, the biggest single-day decline since March 2022. Sept. 1 U.S. soybean stocks were above expectations but similar to the past two years, though soybean futures hit three-month lows on Friday.

Persons: Raquel Cunha, Friday’s, soyoil, Karen Braun, Sonali Paul Organizations: REUTERS, Rights, Funds, U.S . Department of Agriculture, Reuters, Thomson Locations: U.S, Tepexpan, Mexico, Rights NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, Kansas

☆ Markets in Q3: Gains, pains and oil reigns
▼ + stars: | 2023-09-29 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. Gold has lost its shine too meaning that only oil and gas, cash and the dollar have proved reliably profitable. “If you are going above $100 a barrel and staying there you are starting to create that inflation narrative again”. Athens’ main stock market is up 26.5% this year, even if it is down 11% since July. “The comforting news for Q4 though is that we should be close to peak (global) interest rates,” Metcalfe said.

Persons: Christian Hartmann, It’s, Salman Ahmed, Japan’s, ”, Robert Alster, El Salvador’s, Tayyip Erdogan’s, Argentina’s, Michael Metcalfe, ” Metcalfe Organizations: REUTERS, Christian, Federal Reserve &, Macro, Deutsche Bank, Management, Russia, U.S, Athens ’, Apple, Microsoft, Nvidia, Tesla, Meta, Street Global Markets, Indicators Locations: Paris, France, Saudi Arabia, Russia, Ukraine, Greece, Athens, Pakistan, Britain’s, Turkey, Nigeria, Colombia, Mexico, U.S, Poland, Ecuador, Japan

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