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18:27
The Federal Reserve reverse repo operation accepted $917 million
The Federal Reserve accepted $91.7 million from 17 counterparties in its fixed-rate reverse repurchase operations.
18:10
As capital rotates out of US stocks and cheap stocks become scarce, Société Générale asks: Where are the bargains?
But the bad news is: these low valuations are rapidly disappearing. Quantitative strategists at Société Générale pointed out that in Europe and Japan, the proportion of stocks with a price-to-earnings ratio below 8 has dropped from 15% and 8% at the end of 2024 to about 3% and 2%, respectively. Expand
17:55
LME copper futures closed up by $298, at $13,166 per ton.
LME aluminum futures closed up by $4, at $3,094/ton. LME zinc futures closed up by $25, at $3,380/ton. LME lead futures closed up by $4, at $1,955/ton. LME nickel futures closed up by $626, at $17,909/ton. LME tin futures closed up by $2,582, at $5,030/ton. LME cobalt futures remained flat, at $56,290/ton.
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