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European stocks closed at a record high Thursday as traders digested the European Central Bank’s first interest rate cut since September 2019.
The ECB confirmed a widely-anticipated reduction in interest rates, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank’s key rate to 3.75%, down from a record 4% where it has been since September 2023.
The ECB confirmed a widely-anticipated reduction in interest rates, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank’s key rate to 3.75%, down from a record 4% where it has been since September 2023.
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Apple shares soared 7% to a record high of $207.15 after the company unveiled significant AI advancements at its annual developer conference. Key announcements included an overhaul of Siri, integration with OpenAI's ChatGPT, and a suite of writing assistance tools. Analysts from Morgan Stanley commended Apple's innovative AI features, suggesting they position Apple as having the most differentiated consumer digital agent on the market.
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Position trading is a long-term investment strategy where traders buy and hold assets for an extended period, often months or even years. The goal is to profit from significant price movements or trends. Unlike day trading or swing trading, position traders rely on fundamental analysis and long-term market trends.
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On Friday: US Core PCE Price Index: Yearly change in consumer prices excluding food/energy.