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Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats 0
- Uncategorized
- June 5, 2023
Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for
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Germany Leads Big Bond Rally As Inflation Finally Heads Down 0
- Uncategorized
- June 2, 2023
Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week. Alongside British and
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Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward 0
- Uncategorized
- June 1, 2023
Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill to suspend the debt ceiling late-Wednesday, pushing it forward to the Senate
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Gold Edges Lower, Copper Slides On Disappointing Chinese Data 0
- Uncategorized
- May 31, 2023
Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to lose about 6% in May as data showed
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Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen 0
- Uncategorized
- May 30, 2023
Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the worst performers for the day, with the Shanghai Shenzhen CSI 300 and
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Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism 0
- Uncategorized
- May 29, 2023
Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The Nikkei 225 was the best performer in Asian markets, up 1.4% to its highest level since July
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