The market saw a mixed reaction in stock futures as June came to a close, with the first half of 2024 ending at near record highs. The S&P 500 hit an intraday record last Thursday, continuing its bullish trend with an 0.6% gain for the eighth positive week in nine. Nvidia, a key player in
Sales
The Indian Rupee started off the new week on a positive note, showing strength despite the stronger US Dollar. This resilience can be attributed to various factors such as the positive economic growth outlook in India, significant foreign inflows into Indian markets, and expectations of continued policy reforms following the general election results. One of
The gold price is currently hovering near a two-week high due to market expectations of a rate cut by the Federal Reserve in September. This anticipation of a rate cut has bolstered the XAU/USD pair, despite the rise in US bond yields, which in turn supports the US Dollar and acts as a ceiling for
In recent days, commodity markets have seen a resurgence in positive territory, with both silver (XAG/USD) and gold (XAU/USD) experiencing gains. The underlying factor behind this surge appears to be mounting concerns around geopolitical tensions in both the Middle East and Asia. News of a potential escalation on the northern border between Lebanon and Israel
The US Dollar faced a decline on Tuesday, with the DXY Index dropping to 105.30, as investors reacted to the lower-than-anticipated Retail Sales figures for May. This downward movement was exacerbated by comments from Federal Reserve officials, signaling potential rate cuts in the near future. The mixed signals in the US economic outlook, coupled with
The Australian dollar remained steady after the Reserve Bank of Australia (RBA) decided to keep rates at 4.35%, as expected. The central bank warned against inflation risks and traders adjusted their expectations accordingly. Despite the lack of surprises in the RBA decision, the Aussie dollar held firm at $0.6612. Market sentiment was further buoyed by
The price of gold experienced a setback at the beginning of the week, dropping below $2320 as geopolitical tensions took a backseat. The recent volatility in the market was influenced by conflicting data regarding interest rates and market participants’ preference for US Treasuries. The US dollar index (DXY) faced resistance at 105.63, leading to a
Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has raised serious concerns over the company’s disclosures regarding an internal investigation that resulted in the removal of its CFO. It has been revealed that executives at Autodesk misled investors regarding the company’s free cash
Economists are forecasting changes in the Judo Bank Services PMI and Manufacturing PMI for the upcoming months. The Services PMI is expected to increase, while the Manufacturing PMI is predicted to fall. These numbers play a crucial role in impacting buyer demand for the Aussie dollar. The services sector in Australia holds significant weight in
The recent decision by the European Union to impose tariffs on Chinese electric vehicles has sparked a wave of opposition from China and other key players in the automotive industry. Beijing has expressed hope that the EU will reconsider its decision and avoid further escalation in what they consider to be the wrong direction. The
GameStop recently made headlines by raising more than $2 billion through a successful stock sale. This move came at a time when the company was able to capitalize on a renewed interest in meme stocks, fueled by the resurgence of trader Roaring Kitty. By completing an at-the-market equity offering and selling 75 million shares, GameStop
The global markets are currently on edge as Asian markets cautiously assess the impact of the recent success of right-wing parties in the European Union on the cohesion of the bloc. While EUROSTOXX 50 futures have shown a slight uptick of 0.2%, FTSE futures remain stagnant. The euro is holding steady at $1.0766, slightly above
- « Previous Page
- 1
- …
- 9
- 10
- 11
- 12
- 13
- …
- 15
- Next Page »