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Wall Street Set to Open Slightly Higher as Investors Parse Powell Remarks

Published on 10/11/2023 at 14:18, updated on 10/11/2023 at 14:19

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Indices: More news

Powell repeats rate cuts can wait as Fed studies tariff impacts	05:39pm	RE
Travel stocks lift UK midcaps after Israel-Iran ceasefire	05:37pm	RE
Travel stocks lift UK midcaps after Israel-Iran ceasefire	05:36pm	RE
NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS	05:32pm	DJ
Toronto Stocks Rise as CPI Remains Steady in May; MDA Space Up on C$60 Million in New Contracts	05:21pm	DJ
European stocks hit one-week highs on Mideast ceasefire	05:21pm	RE
European stocks hit one-week highs on Mideast ceasefire	05:21pm	RE
WRAPUP 14-Blasts shake Tehran after furious Trump tells Israel to stop strikes to preserve truce deal	05:21pm	RE
Coterra Energy to hold Permian rig count steady as oil market fears ease	05:20pm	RE
Blasts shake Tehran after furious Trump tells Israel to stop strikes to preserve truce deal	05:20pm	RE
TREASURIES-US yields tick lower amid shaky Mideast truce, rate cut expectations	05:13pm	RE
Frankfurt stock market close: Stock market party after ceasefire in the Middle East	05:07pm	DP
Markets Rebound, Mib Rises on Banking Sector Strength	05:02pm	AN
FTSE 100 underperforms despite Iran-Israel hope	05:00pm	AN
Yemen's Houthis likely to be persistent problem for US, senior military official says	04:55pm	RE

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Investors are still on edge! For the past few weeks, they have tended to downplay bad news and overplay good news. One step back, two steps forward, if you will. Yesterday, two events allowed the US market to accelerate and end higher, while European markets mostly closed lower. Overnight, a third twist ensured that the Old Continent would open in the green this morning.

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