Monthly Archives: June 2024

Nvidia nears Apple in market cap as AI dominance drives growth 

Written on June 4, 2024 at 5:46 am, by

Key points:  The stock price of Nvidia (Symbol: NVIDIA) has skyrocketed, with a jump in market cap of nearly $700 billion in May alone. Such growth has put Nvidia on track to become the second largest company in the world, closing in on Apple (Symbol: AAPL). The market cap of Nvidia now stands at approximatelyContinue Reading

Gold steady as focus turns to U.S. data

Written on June 4, 2024 at 4:26 am, by

Key points: Gold prices were flat in early Asian trading on Tuesday after a sharp gain in the previous session. Investors are bracing for U.S. economic data due later in the week, which could offer more clues to the Federal Reserve’s interest rate path. Picture: Gold prices trading at 2345.28 as seen on the VTContinue Reading

ECB rate cuts and US jobs data key in deciding market trajectory

Written on June 3, 2024 at 9:32 am, by

Key points: The European Central Bank (ECB) is set to cut interest rates by 25 basis points on Thursday. This decision has been highly anticipated by market participants who are now focusing on the potential timing for the next cut, which is predicted to occur either on September 12th or more likely on October 17th.Continue Reading

Share Split Notification – June 3,2024

Written on June 3, 2024 at 9:28 am, by

Dear Client, Shares product NVIDIA is about to conduct a share split after the market closes on June 7, 2024. Starting from the market opening on June 10, 2024, NVIDIA expects to provide investor trading in divided contracts. After the share split, please be aware of the following: 1. The trading volume of NVIDIA openContinue Reading

Dividend Adjustment Notice – June 3,2024

Written on June 3, 2024 at 9:12 am, by

Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading

Hong Kong stocks surge on rate cut prospects; mixed performance in China

Written on June 3, 2024 at 8:43 am, by

Key points: On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng Index posting its best daily performance in a month. This optimism was largely driven by the anticipated rate cut from the European Central Bank (ECB), which is expected to trim rates by a quarter point to 3.75% onContinue Reading

Dollar maintains strength as market watches inflation and Fed rate moves

Written on June 3, 2024 at 7:14 am, by

Key points: The dollar remained stable on Monday as traders speculate that U.S. inflation may have stabilised enough for the Federal Reserve to consider rate cuts later in 2024. Meanwhile, the euro held firm ahead of an anticipated rate cut by the European Central Bank (ECB) this week. Emerging markets continue to see rise AmongContinue Reading

Week ahead: Wall Street sees declines as treasury yields rise

Written on June 3, 2024 at 3:36 am, by

Wall Street endured a tough week, marked by significant declines driven by rising Treasury yields and hawkish comments from Federal Reserve officials. The market sentiment was further dampened by higher-than-expected inflation data from Germany and Australia, escalating global inflation concerns. As the market braces for the key US personal consumption expenditures (PCE) inflation data, dividedContinue Reading

Wealth Expo Peru

Written on June 3, 2024 at 2:32 am, by

Join Us at Wealth Expo Peru 2024! Wealth Expo is the premier annual event for financial markets enthusiasts, investors, and traders. Meet prominent investors, renowned brokers, trading academies, fund managers, and crypto exchanges, all gathered to share quality educational content and valuable networking opportunities. Enjoy expert panels, specialised workshops, and up-to-date market insights. Get toContinue Reading

Rankia Markets Bogota

Written on June 3, 2024 at 1:50 am, by

Rankia Bogotá offers a prime chance for networking and learning, delivering the latest news on financial markets, investment strategies, and financial products. Join us to attain enhanced financial knowledge and be equipped with essential tools for effective investment and management.

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