Good two-way business to be had still with the earlier falls wiping out recent gains. EURGBP and GBPJPY once again the prime movers. I remain core short and a GBP rally seller.
UK construction PMI data at 08.30 GMT
Offers 1.2450 1.2465 1.2485 1.2500 1.2520 1.2550-55 1.2585 1.2600
Bids: 1.2420 1.2400 1.2375-80 1.2350 1.2330 1.2300 1.2280 1.2250
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TXN's 3% yield is attractive; its 22-yr dividend streak & 70% data center sales growth hint at Dividend King status.
ZG, WW, WAT tumble on weak sales & margins. ZG at 18.3x P/E, WW at 4x EV/EBITDA, WAT at 20.6x P/E.
NFLX down 30% from peak. Engagement share dips as content costs rise. Valuation concerns loom.
SFIX, JACK, ZVIA show weak margins & sales. SFIX trades at 0.3x P/S, JACK at 2.5x P/E, ZVIA at 0.5x P/S.
Australia's new crypto law requires exchanges to get AFSL licenses. Binance fined $10M, Kraken's operator $8M.
PLTR's Maven AI gets Pentagon nod, boosting growth. Still pricey at 82x revenue, but future growth may justify it.
Franklin Templeton buys crypto spinoff amid market slump, seeking institutional appeal. Bitcoin down 45%.
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