- European indices finished today's session mostly higher, with the STOXX 600 and the DAX 40 index adding 0.8% and 0.2%, respectively, with consumer discretionary and materials stocks among the top performers.
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Britain’s new prime minister Liz Truss has said she is confident the U.K. can “ride out the storm” in her first speech in the position. The speech follows rumors of a £100 billion ($113 billion) energy stimulus package to help with the cost-of-living crisis. New PM will unveil an energy rescue plan on Thursday.
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French games developer Ubisoft (UBI.FR) announced today that Tencent will acquire a 49.9% stake with 5% voting rights in Guillemot Brothers Limited, the holding of the Guillemot family who founded Ubisoft.
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The Dow fell 0.60% on Tuesday, while the S&P 500 and the Nasdaq declined 0.55% and 1.0% as the US services industry expanded again in August for the second straight month. Such data followed last week's solid NFP report and markets currently priced for another 75 bps rate increase this month.
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Oil snapped its two-day rally. Brent crude fell over 3.0% and is heading towards major support around $86.00 per barrel, while WTI is testing $92.20 per barrel as investors digested OPEC+'s first output target cut since 2020, while fresh lockdowns in China and the prospect of more interest rate hikes damped demand.
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The strength of the US dollar is putting pressure on gold, which today tests the psychological barrier of $ 1,700.
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USDJPY pair broke above the 143 level for the first time since 1998 amid surging 10-year bond yields and rising probability of another 75 bp hike from the FED.
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Today we are seeing a particular sell-off in the cryptocurrency market. Bitcoin is testing the psychological barrier of $ 19,000. Pessimism has also affected other leading projects and the majority of them plunged more than 4%.
CARDANO price fell more than 4.0% on Tuesday and is currently testing major support at $0.4750 which is marked with previous price reactions, 61.8% Fibonacci retracement of the last upward wave and upward trendline. Should break lower occur, downward move may accelerate towards recent lows at $0.4255. Source: xStation5
