Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday,
Month: November 2024
Fundamental Overview The Russell 2000 has been outperforming the other major indices recently as there’s much more value compared to the S&P 500 or the Nasdaq. The market is now looking forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market
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Gold prices rose above Rs 76,000 per 10 grams on Friday, driven by a slight dip in the US dollar and increasing geopolitical tensions. However, the yellow metal remained on track for a weekly decline as investors awaited key US data for further clarity on the Federal Reserve’s monetary policy. The December gold futures were
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Spencer Platt | Getty Images Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street’s quarterly revenue expectations, as early holiday shopping and
GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside
Fundamental Overview The S&P 500 is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed
Canada GDP q/q The headline from today’s Canadian GDP report is that growth declined on a per-capita basis for the sixth consecutive quarter. In addition, monthly GDP data showed just 0.1% m/m growth in September and October. CIBC writes: “While growth in the Canadian economy slowed to a crawl in Q3, that was broadly anticipated
In 2024, the Tata Group saw significant price growth, with most of its companies experiencing impressive gains. So far this calendar year, the group’s total market capitalization has increased by approximately Rs 3.77 lakh crore, reaching Rs 31.65 lakh crore. About 12 companies within the group have surged between 25% and 120%, with the top
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening. Sebastian Kahnert | Picture Alliance | Getty Images Annual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank’s 2% target. Economists polled by Reuters had expected the 2.3% annual rate for
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 and the Nasdaq Composite edged higher Tuesday as Wall Street assessed President-elect Donald Trump’s plans, announced Monday evening, to impose new tariffs on imports
The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for
Yen resumed its broad-based rally during the Asian session, lifted by stronger-than-expected Tokyo inflation data. The accelerated inflation figures have reignited market speculation about another rate hike by BoJ as early as December. Overnight index swaps now suggest there is over 60% probability of a 25bps increase at this upcoming meeting. A key highlight from
Fundamental Overview The Nasdaq is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed is
The Q2 reading was +2.1% annualized Q/Q reading +0.3% vs +0.5% prior Q/Q implicit price index +0.6% vs +1.1% prior Gov’t spending rose 1.1% in the quarter Household spending rose 0.9% in the quarter Business spending on machinery and equipment decreased 7.8% in the quarter Housing investment +0.8% in the quarter, the first expansion since
Indian benchmark equity indices climbed on Friday after a steep drop in the previous session, driven by gains in heavyweight Reliance Industries and drugmakers, while investors also awaited economic growth data due later in the day. Meanwhile, six small and midcap stocks from the Nifty 500 index hit new 52-week highs. Here’s the list:
Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty Images India’s economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and is the lowest reading since the last quarter
Best Buy ‘s quarter came up short of expectations, with the misses compounded by downward revisions to management’s outlook for the remainder of the year. We were not surprised by Tuesday morning’s print and have a plan. Revenue in the company’s fiscal 2025 third quarter fell 3.2% year over year to $9.45 billion, missing the
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