Date:
11/03/2024
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U.S. Economy and Housing
Biden's First-time Homebuyer Incentive: President Biden has suggested significant tax breaks amounting to $10,000 for first-time homebuyers, aimed at stimulating the housing market.
Inflation Awaits Data: Investors are on the edge as they wait for the latest inflation updates, affecting the stability of the 10-year Treasury yield.
Oil Prices Decline: Following OPEC+'s decision to extend oil output cuts, the market has seen a downturn in oil prices.
Global Markets and Monetary Policy
Monetary vs. Fiscal Policy Debate: Discussions intensify on how these strategies influence the stock market.
Goldman Sachs on Battery Metals: Goldman Sachs warns that the bear market for battery metal prices might persist.
European Market Closes Lower: Raiffeisen Bank's shares dropped by 7.4%, contributing to the European markets closing in the negative.
Technology, IPOs, and Cryptocurrency
NVIDIA Stagnates: Analysts speculate NVIDIA's stock rally might be at a halt.
Crypto in Focus: UK's FCA shows a softer stance on cryptocurrency, allowing bitcoin and ethereum-backed securities, while Nigeria faces currency and regulation troubles.
Reddit's IPO Aspirations: Reddit looks to raise $500 million in its IPO, testing the waters for future start-up listings.
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