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Bulls Yet to Have Tired Legs as Tech Stocks Advance
Bulls Yet to Have Tired Legs as Tech Stocks Advance
2024-07-11
Global equities fell Tuesday, Treasury yields rose on Powell's cautious tone, while the S&P 500 and Nasdaq 100 continued their record highs.
Gold Prices Wobble as Asia Purchase Stalls
Gold Prices Wobble as Asia Purchase Stalls
2024-07-10
Gold steadied on Tuesday after a 1% decline due to a stock market rally and investor profit-taking. Asian buying enthusiasm also cooled down.
French Stocks Eye Relief Rally After Leftists' Victory
French Stocks Eye Relief Rally After Leftists' Victory
2024-07-09
European shares fell on Friday due to losses in banks and energy stocks ahead of France's second round of parliamentary elections.
June NFP - Unemployment Rate Increase to 4%
June NFP - Unemployment Rate Increase to 4%
2024-07-09
In May, the US added 272k non-farm jobs, surpassing Wall Street's expected 185k, with a slight uptick in unemployment to 4%.
Labour's Landslide: Impact on Large-Cap UK Stocks
Labour's Landslide: Impact on Large-Cap UK Stocks
2024-07-09
Labour achieved a historic landslide victory in the UK election, returning to power after 14 years. The outcome aligned closely with exit polls.
Australian dollar hits six-month high due to iron ore rally
Australian dollar hits six-month high due to iron ore rally
2024-07-05
The Australian dollar hit a 6-month high on Friday on the US slowdown and iron ore price rise, driven by China steel demand bets.
Gold Hit Near Two-week High on US Slowing
Gold Hit Near Two-week High on US Slowing
2024-07-05
Gold prices neared a two-week high on Thursday, boosted by expectations of a Fed interest rate cut in September following labor market easing.
Stock Investors Embrace High Concentration and Valuation
Stock Investors Embrace High Concentration and Valuation
2024-07-04
The US stock market rose over 14% in H1, led by tech giants Nvidia, Microsoft, Amazon, Meta, and Apple, boosting the S&P 500's performance.
Nikkei Perches Above 40,000 Despite Weaker Yen
Nikkei Perches Above 40,000 Despite Weaker Yen
2024-07-04
Asia-Pacific markets rose as Fed Chair Powell noted progress on inflation. Nikkei 225 surpassed 40,000 for the first time since March.
​Jun ADP - Private sector jobs increased by 152,000
​Jun ADP - Private sector jobs increased by 152,000
2024-07-03
The ADP report showed 152K nonfarm private jobs were added in May, down from 188K in April and lower than the expected 173K gain.
Oil Steadies Around 2-Month High on Travel Hopes
Oil Steadies Around 2-Month High on Travel Hopes
2024-07-03
Oil prices remained steady on Tuesday, near two-month highs, due to expected rising fuel demand from the travel season.
Tech Boom is Uncertain Through the Rest of 2024
Tech Boom is Uncertain Through the Rest of 2024
2024-07-02
Megacaps' unstoppable rise, central bank pivots, political turmoil, and M&A resurgence made the first half of 2024 a whirlwind in world markets.
Japanese Retail Traders Challenge Pros
Japanese Retail Traders Challenge Pros
2024-07-01
Japanese retail investors bet on yen reversal, pushing rates to new lows and risking Tokyo intervention.
May PCE Price Index Shows Stable April Inflation
May PCE Price Index Shows Stable April Inflation
2024-07-01
April inflation rose as expected, keeping markets on edge about rate cuts. Annual core inflation was 2.8%, the same as last month.
Central banks throw weight behind gold rally
Central banks throw weight behind gold rally
2024-06-28
Gold prices pared gains Friday after rising over 1% previously, with a focus on key US inflation data for Fed policy clues.