Adrian Cheng
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Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index$
$Nikkei 225.JP$
$.XJO.AU$
$Hang Seng Index.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index$
$Nikkei 225.JP$
$.XJO.AU$
$Hang Seng Index.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Translated
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Managing Director of JPG Mohd. Faris Adli Shu...
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Adrian Cheng
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Apple Inc. announced a suite of new artificial intelligence (AI) features and a significant partnership with OpenAI at their Worldwide Developers Conference (WWDC). This strategic move aims to integrate advanced AI capabilities into Apple’s ecosystem, making technology more personalized and accessible for users. The centerpiece of this announcement is the Apple Intelligence platform, which will enable text summarization, original image cre...
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Adrian Cheng
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$NVDA.US$ is releasing its Q1 earnings on May 22, after the U.S. stock market close. How will the whole market react to the AI giant's results? Vote your answer to participate!
Rewards
● An equal share of 10,000 points:
For mooers who correctly guess the price range of $NVDA.US$'s opening price at 9:30 AM ET May 23 (e.g., If 50 mooers make a correct guess, they will get 200 points!)
(The vote will close ...
Rewards
● An equal share of 10,000 points:
For mooers who correctly guess the price range of $NVDA.US$'s opening price at 9:30 AM ET May 23 (e.g., If 50 mooers make a correct guess, they will get 200 points!)
(The vote will close ...
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Adrian Cheng
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Morning mooers! The markets are bursting to all time highs, the $.DJI.US$ just burst through 40k for the first time, up about 0.2% after Noon EST.
Meme stocks are falling back to earth, here are stories about the moving stock market today.
$WMT.US$ climbed 5% after the firm's morning earnings beat, posting a revenue that grew 6%. The stock led the S&P 500 and Dow Jones in gainers.
$GME.US$ pulle...
Meme stocks are falling back to earth, here are stories about the moving stock market today.
$WMT.US$ climbed 5% after the firm's morning earnings beat, posting a revenue that grew 6%. The stock led the S&P 500 and Dow Jones in gainers.
$GME.US$ pulle...
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Wall street and statue of liberty✅
Feeling the magic of the New York Stock Exchange at Wall Street and seeing the Statue of Liberty in person, breathtaking to say the least💯
Would you wish to visit the Charging Bull one day?😁
Feeling the magic of the New York Stock Exchange at Wall Street and seeing the Statue of Liberty in person, breathtaking to say the least💯
Would you wish to visit the Charging Bull one day?😁
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Adrian Cheng
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$HSImain.HK$ was looking forward to a good return after a holiday break, suddenly its reduced to monday’s position… WHY!?!?
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