Share: Australia’s Gross Domestic Product (GDP) grew 0.2% in the fourth quarter of 2023 compared with the 0.3% growth in Q3, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.3%. The annual fourth-quarter GDP expanded by 1.5%, compared with the 2.1% growth in Q3 while beating estimates of a
Month: March 2024
The strongest to the weakest of the major currencies As the North American session begins, the JPY is the strongest and the AUD is the weakest. The USD is mostly higher but with relatively modest gains. In Europe, PMI services data was released with mixed results. Below are the summary of that data: Spanish Services
ISM services The theme so far in 2024 has been the dominance of economic data. Each release re-calibrates Fed expectations and all the market pricing that’s built around it. A great example was on Friday when a series of soft second-tier data led to a slump in the US dollar and declining Treasury yields. Rates
Gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 grams in the national capital amid strong global trends, according to HDFC Securities. In the previous close, the precious metal had closed at Rs 64,200 per 10 grams. Silver also rallied Rs 900 to Rs 74,900 per
The picture is pretty much the same through Asian and early part of European session, with the Australian and New Zealand Dollars, alongside the Canadian Dollar, persisting as the day’s underperformers. Swiss Franc has also found itself under pressure, particularly against its European counterparts, aligning with the commodity currencies in their struggle. Conversely, Yen and
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT The Target logo is seen on its store on 42nd Street in Times Square, New York City. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Target will report its holiday-quarter results and year-ahead outlook on Tuesday. Here’s what Wall Street analysts surveyed
Share: Natural Gas prices are jumping higher in both the European and US futures markets. US gas exports declined at the end of February, while some US producers are cutting output. The US Dollar Index trades around 104.00 ahead of Super Tuesday and US PMI numbers. Natural Gas (XNG/USD) trades in the green for a
The NASDAQ index has now joined the S&P index in positive territory as the day works toward the final hour of trading. The index is currently at 3.65 points or 0.02% at 16277. A positive close would be a record close for the index. NASDAQ index is on pace for a record close Meanwhile, the
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The Reserve Bank of India has banned the stock exchange listed IIFL Finance from sanctioning and disbursing new gold loans immediately, according to a statement issued by the regulator on Monday. In a strongly worded statement, the RBI has said that IIFL Finance to ‘cease and desist with immediate effect from sanctioning and disbursing gold
Swiss Franc bounced briefly earlier today, following release of slightly stronger than expected Swiss CPI data, only to see those gains quickly dissipate. With inflation levels persistently below SNB target, market consensus continues to lean towards an interest rate cut within the year, with September eyed as the probable month for the first reduction. However,
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. Hannah Mckay | Reuters LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. Heading into what will
Share: USD/CAD remains flat around 1.3575 in Tuesday’s early Asian session. Fed’s Bostic said there’s no urgency to cut interest rates given the US economy’s strength. The BoC is expected to hold rates at 5% at its June meeting on Wednesday. The USD/CAD pair holds below the 1.3600 barrier during the early Asian trading hours
The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined
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As China gets set for its pivotal meetings this week, the Wall Street Journal writes about how a manufacturing export boom is “a classic recipe for falling prices.”‘ They warn that Beijing is looking to manufacturing and exports to boost the economy. It’s a sequel to the early 2000s boom that focused on cheap manufacturing.
Notwithstanding a minor correction, gold’s shine remained intact in Monday’s early trade amid hopes of an interest rate cut in June on the back of softer US economic data. The price of yellow metal in the international markets was at a two-month high while on the MCX, this bullion metal is trading at a three-month
Nikkei surges through 40k mark for the first time ever, standing out in an otherwise subdued Asian session. This index was propelled by Japan’s unexpectedly robust capital spending report for Q4, which significantly bolstered investor confidence. While the surge in capital expenditure may not directly sway BoJ’s immediate monetary policy decisions as wages growth remains