LA Private

December 3, 2023

S&P500 continues its November rally

The S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month. The broad market index rose by 0.59 per cent, ending the session at 4,594.63. The tech-heavy Nasdaq Composite advanced 0.55 per cent to 14,305.03. The Dow Jones Industrial Average added 294.61 points, or 0.82 per cent, […]

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Busy week ahead with key market drivers

There are several significant market drivers both locally and internationally this week. In addition to Australia’s release of monthly and quarterly data, including an RBA meeting, investors must consider the US stock market surge, the health of the US economy, and its impact on interest rates and falling bond yields. With record-breaking gold prices, declining

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OPEC+ meeting fallout: Oil prices decline despite production cuts

Last week, OPEC+ convened but witnessed oil prices falling, despite claims of production cuts made during Thursday’s meeting. Judging by the 2% drop in US crude prices on Friday, traders deemed the OPEC+ meeting disappointing. Brent crude concluded at $79.56 per barrel, while US West Texas Intermediate finished down 1.6% at $74.38 per barrel, both

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