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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
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
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
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
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
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
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
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
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
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.
All Eyes on Friday with Yen Below 160
2024-06-28
The yen hovered near a 38-year low below 160 per dollar. Finance Minister Shunichi Suzuki said authorities would take the necessary actions.
Investors Bet on Continued Rally in US Gas
2024-06-27
Oil prices fell early on Wednesday in Asia due to unexpected US stockpile jumps, which raised concerns about weaker demand trends.
Nikkei Reclaims 39,000 Despite Hopeless Yen
2024-06-26
The yen hit a 34-year low of 160 per dollar on Tuesday, subduing Asian shares. Japan’s Nikkei 225 reached 39,000, its highest since June 11.
Tech Fatigue and Market Complacency Worry Investors
2024-06-25
The S&P 500 and Nasdaq 100 closed slightly lower Friday, with Nvidia shares declining for a second day, showing signs of big tech exhaustion.
Sterling Extends Rally Against Swiss Franc after Policy Decisions
2024-06-25
Sterling aimed for a third gain against the Swiss franc on Friday due to BOE and SNB policy divergence, but a sour market mood capped it.
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