ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …
2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more …
Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: …
2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a …
Oil prices rebounded on Thursday as the U.S. signaled potential plans to replenish its strategic petroleum reserves. This news offered some support to the market after it faced a downturn driven by multiple factors including geopolitical hopes and economic uncertainties. …
Over the weekend, Tesla CEO Elon Musk announced that Tesla’s advanced driver-assistance system, Full Self Driving (FSD), has been cleared for sale in China, prompting a 15% surge in Tesla’s stock on Monday. This move marks a significant expansion for …
4 April 2024 – Mainland China’s stock indices experienced slight declines today, with investors adopting a cautious stance in anticipation of the long Labor Day holiday and critical upcoming events. The Shanghai Composite index saw a marginal drop of 0.12% …
Japan’s Nikkei 225 index experienced a rise of 1.24%, closing at 38,405.66, driven by an upbeat performance in U.S. markets and investor optimism. SEE: Nikkei sees modest rise on the VT Markets VT Markets app. Despite this daily gain, the Nikkei …
ICYMI – 30 April 2024 – Monday marked a modest retreat in gold prices, with the commodity trading lower as market participants hold their breath for major upcoming economic indicators. The trading community is treading lightly, preferring to wait on …
30th April 2024 Chicago wheat futures continued to decline on Tuesday, dropping 0.4% to $6.06 a bushel by 0034 GMT. This move follows a significant 2% decrease on Monday, moving away from last week’s four-month high of $6.33-1/2 a bushel, …
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