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Senate Passes Stimulus Bill, China Slumps, Attack on Saudi – What’s up in Markets By Investing.com

By Geoffrey Smith  Investing.com -- The U.S.'s $1.9 trillion stimulus package is set to be formally approved this week after the Senate passed it with minimal amendments on Saturday. Bond yields are on the rise again as a result, and stocks are set to open lower. China's tech wreck continues as the market digests the implications of a relatively low growth target for...

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Nasdaq Futures Down 180 Pts; Yields Rise on Stimulus Passage By Investing.com

By Peter Nurse    Investing.com - U.S. stocks are seen opening lower Monday, with the richly-valued tech sector likely hard hit as investors fret over higher Treasury yields and potential inflation in the wake of the Covid-19 relief bill passing through the Senate. At 7:05 AM ET (1205 GMT), the Dow Futures contract was down just 2 points, or 0.01%, S&P 500 Futures traded...

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BoE’s Bailey urges “cautionary realism” about post-COVID recovery By Reuters

LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Monday that people should be positive about Britain's economic prospects as it emerges from the COVID pandemic but also realistic about the challenges from structural changes. "If I had to summarise the diagnosis, it’s positive but with large doses of cautionary realism," Bailey said in a speech to the Resolution Foundation,...

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Cathie Wood Is Having the Worst Run in a Year as Big Bets Falter By Bloomberg

(Bloomberg) -- Cathie Wood’s exchange-traded funds slumped in the pre-market on Monday, signaling no end to the selling that has wiped 25% from her flagship investing strategy over three turbulent weeks. That’s the longest stretch of weekly losses for the Ark Innovation ETF (NYSE:ARKK) since the Covid-spurred meltdown last year, according to data compiled by Bloomberg. The fund dropped about 4.3% as of 5:20...

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StockBeat: Gray Is The New Black as Rising Yields Lift Insurers By Investing.com

By Geoffrey Smith  Investing.com -- The great rotation is making some long-unloved stocks popular again – none more so than that embodiment of dullness, the insurance sector. Investors have despised the insurance business for so long that some of the names at the top of the performance charts will seem not just unfamiliar, but unrecognizable. Names such as NN Group,...

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Deliveroo launches London IPO after business surges in 2020 By Reuters

By Simon Jessop and Abhinav Ramnarayan LONDON (Reuters) - British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, although it still posted a loss for 2020. The initial public offering (IPO) is expected to value Deliveroo at more than $7 billion, based on a private...

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