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Dow Outperforms on Strong Bank Stocks
Dow Outperforms on Strong Bank Stocks
2024-07-19
The S&P 500 and Nasdaq 100 tumbled Wednesday due to tech sector rotation. The Dow gained modestly, marking its third straight record-closing high.
Gold at record highs with probable three Fed rate cuts
Gold at record highs with probable three Fed rate cuts
2024-07-17
Gold hit a record high, and bonds rallied as traders bet on the Fed cutting rates three times this year, backed by Goldman Sachs.
Tokyo's New Move Makes a Significant Impact
Tokyo's New Move Makes a Significant Impact
2024-07-17
The yen was volatile Friday after the BOJ conducted rate checks, reinforcing perceptions of earlier market intervention to prop up the currency.
BOC Business Survey Puts Loonie on Back Foot
BOC Business Survey Puts Loonie on Back Foot
2024-07-17
The Canadian dollar hit a 12-day low on Tuesday after a BOC survey indicated declining inflation, increasing expectations for a rate cut this month.
Gold stays above 2,400 after Trump shooting
Gold stays above 2,400 after Trump shooting
2024-07-15
Gold steadied above $2,400 on Monday as cooling inflation and a drop in US consumer prices raised hopes for a Fed rate cut in September.
Australian Dollar Steady Before China Data
Australian Dollar Steady Before China Data
2024-07-15
Australian dollar nears six-month highs Friday, expecting two Fed rate cuts, faces challenges from upcoming China economic data next week.
Crude Prices Edge Up on Balanced Market
Crude Prices Edge Up on Balanced Market
2024-07-12
Oil prices rose early Friday in Asia due to strong summer demand and easing US inflation, boosting investor confidence.
Retail Interest in Japan Stocks Mirrors Wall Street
Retail Interest in Japan Stocks Mirrors Wall Street
2024-07-12
Japan’s Nikkei 225 hit a new record high with a nearly 2% rise on Tuesday, fueled by surging investor interest from both local and foreign markets.
More Short-Selling Curbs Send Chinese Stocks Higher
More Short-Selling Curbs Send Chinese Stocks Higher
2024-07-12
The FTSE China A50 Index and Hang Seng Index rebounded sharply Thursday but still lag other major stock markets that hit record highs this year.
US CPI June - U.S. Prices are Unexpectedly Flat
US CPI June - U.S. Prices are Unexpectedly Flat
2024-07-12
In May, US consumer prices were flat as cheaper gasoline offset higher rental costs, but inflation remains too high for Fed rate cuts.
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.