March 10, 2024

Stocks retreated on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather. The S&P 500 lost 0.65 per cent to 5,123.69, while the Nasdaq Composite slipped 1.16 per cent to 16,085.11. Both swung into negative territory after rising to new all-time highs earlier in the session. The Dow Jones Industrial Average […]

This week, the focus of US markets shifts back to inflation, with investors anticipating potential rate cuts sooner rather than later. Last week, Wall Street saw a temporary halt as Federal Reserve Chair Jay Powell hinted at the possibility of rate cuts in the coming months. Powell’s remarks, while not confirming any specific actions, underscored

Oil prices stalled last week despite a weaker US dollar, lower bond rates, and bullish chatter about rising demand. The fall over the week came as Saudi Arabia extended its production quota, as did Russia and other members of OPEC. The Saudis also raised their official selling prices to Asian customers, which raised eyebrows. China

Well, I guess it pays to have a bit of perspective in markets at times when the momentum is all go, go, go and record-breaky. After what was a ‘goldilocks’ US jobs report for February — some good, some bad — US stocks retreated on Friday, closing out a volatile five sessions with the worst

Despite gold hitting a series of record highs last week, the precious metal is doing it without the support of most investors, as the outflow of metal from metal-backed Exchange Trading Funds (ETFs) continued in February. Despite that outflow, the price of the metal remained mostly solid through the month except for a small dip,

China can attribute the better-than-forecast seasonal rise in consumer price inflation in February to the Lunar New Year break. However, the holiday break, known for significant spending on food and travel, had no impact on the almost endemic deflation in producer prices, which continued to decline for yet another month in February. The consumer price