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In Bond Rout, Strategists Struggle to Keep Up With Yield Rise By Bloomberg

(Bloomberg) -- Less than two months into 2021, yields on 10-year Treasuries have almost gotten to where strategists think they’ll end the year, underscoring just how ferocious the bond selloff has been. Although analysts boosted their average forecast since Dec. 31 by 24 basis points to 1.48%, investors have pushed up the yield at an even faster pace, leaving it only 4 basis...

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Exclusive: LME data to support end to open outcry is misleading, brokers say By Reuters

By Eric Onstad LONDON (Reuters) - Two commodities brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor for good exaggerates the increase in the use of electronic platforms during coronavirus lockdowns. Sucden Financial and StoneX Financial, which oppose the end of so-called ring trading...

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Rising U.S. 10-Year Real Rate Sends Warning Shot for Risk Assets By Bloomberg

(Bloomberg) -- The 10-year U.S. yield adjusted for inflation rose to its highest level in more than seven months, a warning sign for riskier assets that have benefited from exceptionally loose financial conditions amid the pandemic. The rate, or real yield, climbed over five basis points to minus 0.7352% -- surpassing a high of minus 0.75% set days after the U.S. presidential election...

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American Electric Power Earnings beat, Revenue misses In Q4 By Investing.com

American Electric Power (NASDAQ:AEP) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. American Electric Power announced earnings per share of $0.87 on revenue of $3.6B. Analysts polled by Investing.com anticipated EPS of $0.7827 on revenue of $3.94B. American Electric Power shares are down 7% from the beginning of...

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Nasdaq Futures Down 120 Pts; Jobless Claims and GDP Data Due By Investing.com

By Peter Nurse    Investing.com - U.S. stocks are seen opening lower Thursday, with the tech-heavy Nasdaq set to underperform as investors digest the latest comments from Federal Reserve Chairman Jerome Powell ahead of key economic data. At 7:05 AM ET (1205 GMT), the Dow Futures contract was down 10 points, or 0.1%, S&P 500 Futures traded 13 points, or 0.4%, lower, and Nasdaq...

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American Tower Earnings miss, Revenue beats In Q4 By Investing.com

American Tower (NYSE:AMT) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations. American Tower announced earnings per share of $0.82 on revenue of $2.12B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $2.07B. American Tower shares are down 0% from the beginning of the year and are trading at $224.78...

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UK eager to restart U.S. talks on tariff removal By Reuters

LONDON (Reuters) - British trade minister Liz Truss said on Thursday she would urgently seek a meeting with U.S. Trade Representative nominee Katherine Tai to discuss the removal of punitive tariffs. Britain wants the United States to remove tariffs on exports like Scotch whisky which were imposed during its membership of the European Union as part of a long running dispute over...

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India shares higher at close of trade; Nifty 50 up 0.77% By Investing.com

Investing.com – India equities were higher at the close on Thursday, as gains in the Oil & Gas, Metals and Public Sector Undertakings sectors propelled shares higher. At the close in NSE, the Nifty 50 rose 0.77%, while the BSE Sensex 30 index climbed 0.51%. The biggest gainers of the session on the Nifty 50 were Coal India Ltd...

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Britain’s financial watchdog refreshes its top ranks By Reuters

LONDON (Reuters) - Britain's financial watchdog announced five new appointments on Thursday to refresh its top ranks after a critical report and to speed up decision-making as the financial sector adapts to Brexit. The Financial Conduct Authority (FCA) said Stephanie Cohen will be its new chief operating officer, with Jessica Rusu becoming its first chief data, information and intelligence officer. Sarah Pritchard...

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