Key points: The RBA held rates steady at 4.35%. Markets now see a 56% chance of a rate cut in December. Core inflation in Australia stands at an annual 4.0%. The Australian dollar showed little movement on Tuesday after the …
Key points: Brent crude oil fell to $84.13 per barrel. West Texas Intermediate crude oil slipped to $80.19 a barrel. Market focus shifts to global demand growth and inventory levels. Oil prices edged down in Asian trade on Tuesday, after …
Key points: Stock price of Nvidia appreciated over 140% in 2024, crossing a $3 trillion market cap. The price movement is displaying the pattern of a “bubble-ish territory” This article is a follow-up to: Nvidia soars to record highs Nvidia …
Key points: Cocoa prices rise above $10,000 per metric ton, heading toward all-time highs. Ivory Coast halts cocoa exports for June and forward sales for the next season. Ghana delays delivery of up to 350,000 tons of cocoa beans due …
Key points: South African rand rose against the US dollar, trading at 18.36540. Market optimism surrounds the potential formation of a coalition government. Hopes are high for a business-friendly coalition including the Democratic Alliance. The South African rand rose against …
Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …
Key points: Yen shows minor weakness ahead of the BOJ policy decision. Euro faces weekly decline amid political turmoil in France. On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the …
Key points: Bank of Thailand to review inflation target range. Prime Minister Srettha Thavisin suggests the review will increase the likelihood of a rate cut. Bank of Thailand leaves interest rate unchanged for the fourth consecutive meeting. The Bank of …
Key points: The US Federal Reserve maintains its benchmark interest rate at 5.50%. Fed officials project fewer rate cuts, with only one expected this year. Major stock indexes rose sharply following a lower inflation rate in May. The US stock …
Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …
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