Week Ahead 4th – 8th March Mon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb), Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb) Wed: BoC Announcement, Australian GDP (Q4), German
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Kotak Mahindra Bank’s senior officials on Thursday said that it aims to grow its gold loan book faster than the industry. Speaking to the media, Manish Kothari, president and head of commercial banking, indicated that there is significant scope for them to expand their gold loan book in India since the market is currently dominated
Yen ended as the best performer last week amidst intensifying discussions around BoC rate hike, spurred by comments from the central bank’s officials. The anticipation of policy tightening propelled Yen forward, although gains were tempered by uncertainties surrounding the timing of the first move, and the path of subsequent rate increases. The claimed the position
In this article IQ Follow your favorite stocksCREATE FREE ACCOUNT A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the
Share: Gold price catapults to $2,088.33, marking a significant rally in response to US economic reports and bond yield dynamics. Mixed manufacturing PMI reports fuel Gold’s ascent with ISM data indicating contraction in US manufacturing sector. Declining US Treasury yields bolster Gold’s attractiveness, pushing XAU/USD to new year-to-date peak. Gold price soars to a new
Oil daily chart $80 WTI is important both psychologically and technically. It hasn’t been up here since November 7, when questions began about OPEC+ unity. OPEC has held it together so far and global growth has been strong so far this year. Technically, I would look to $81.46 next. That’s the 50% retracement of the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm
Bud Light, made by Anheuser-Busch. Joe Raedle | Getty Images Hiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action. The world’s biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%, but shy of
Share: Another shutdown is looming in the US. What does all this mean for the Dollar? Economists at Commerzbank analyze Greenback’s outlook. Yet another shutdown in the US? This is not the first time that a shutdown is looming. There have also been longer actual shutdowns until an agreement was reached in Congress. In the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Markets: Gold up $40 to $2083 US 10-year yields down 6.8 bps to 4.18% WTI crude oil up $1.51 to $79.78 S&P 500 up 0.8%, Nasdaq up 1.1% Bitcoin up 2.1% to $62,750 AUD leads, JPY lags Happy Friday. It certainly was for the market as a trio of soft second-tier US economic data releases
Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an aid delivery. Brent futures for April delivery rose 29 cents, or 0.4%, to $82.20 a barrel by 0118 GMT,
Euro rises broadly today even though gains are so far limited. The common currency is lifted by stronger than anticipated Eurozone inflation figures, which suggests that the path to disinflation may be encountering obstacles. This development could providing ammunition to hawks within the ECB Governing Council, to advocate for a cautious approach towards rate cuts.
In this article DELL Follow your favorite stocksCREATE FREE ACCOUNT Matthew Busch | Bloomberg | Getty Images Shares of Dell Technologies popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates on top and bottom lines. Here’s how the company did: Earnings per share: $2.20 adjusted vs.
Share: The latest Monetary Policy Report from the Federal Reserve (Fed) highlights the US central bank’s stance on the current economic and inflation outlook, and what it will take for Fed policymakers to feel comfortable enough to begin cutting interest rates. Key highlights Inflation expectations are broadly consistent with 2% goal. Labor market remains tight,
USD The Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement. The US PCE came in line with expectations. The US Jobless Claims missed expectations although the data is still in the recent ranges. The latest US PMIs increased further from the prior month with
It’s been a choppy one for the bond market as 10-year yields in the US went up as high as 4.28% earlier only to fall back to 4.22% on the day now. The overall price action is still not really helping the bigger picture outlook, as outlined earlier here. But amid the drop in yields,