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US equity futures gain with stocks; Treasuries retreat

Bloomberg US equity futures climbed with European and Asian stocks as investors took confidence from signs that America and China are inching towards a trade deal. Treasuries fell, while the yuan strengthened past 7 for the first time since August. Contracts on the S&P 500, Dow Industrials and Nasdaq 100 all pointed to a positive start on Wall Street, following ...

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China pros calling time on yuan surge past 7 per dollar

Bloomberg China’s yuan rallied past 7 per dollar and analysts are already warning the strength won’t last. The currency jumped as much as 0.60% to 6.9880 a dollar on Tuesday, trading stronger than the key level for the first time since August. The offshore rate rose as much 0.66%. The level had been a key support for the currency for ...

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Fed’s pause on interest rates divides Wall Street strategists

Bloomberg As the Federal Reserve signals it’s satisfied after pulling off a mid-cycle easing, Wall Street’s rate strategists are as divided as ever on the direction of Treasury yields. JPMorgan Chase & Co strategist Nikolaos Panigirtzoglou warned that 10-year yields may surge 100 basis points over the next six months given the Fed is now done with its “insurance” cuts. ...

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