This week is poised to be one of the most significant for central bank meetings in years. The Reserve Bank, the US Federal Reserve, the Bank of Japan, and the Bank of England are all convening, with pivotal decisions and statements expected. The Reserve Bank of Australia (RBA) meets today and tomorrow, followed by the […]
Critical central bank meets highlight significant week ahead Read More »
Gold trailed behind as oil surged and iron ore declined sharply, while copper saw an increase. Nickel and zinc also had a noteworthy week. However, the unexpected news came from the sudden surge in oil drilling rig numbers in the US. This marks the third time in the past four weeks that there has been
Mixed commodity performance Read More »
The S&P 500 fell on Friday and notched its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and centre ahead of the Federal Reserve’s policy meeting next week. The broad market index lost 0.65 per cent to close at 5,117.09. The Dow Jones Industrial Average dipped 190.89 points, or 0.49
S&P 500 slips amid inflation worries Read More »
In a move with global ramifications, the massive US home buying and selling industry has just experienced a seismic shift akin to the deregulatory explosions in financial markets of the 1980s and 1990s. In a shock announcement late Friday, America’s National Association of Realtors (NAR) revealed it had reached a settlement with groups of home
US real estate industry undergoes ‘Big Bang’ transformation Read More »
Late last week, conflicting price movements were observed in two key industrial metals, with China serving as the common link. Copper surged to multi-month highs while iron ore slumped sharply to below $US100 a tonne on Friday in Singapore. The slide in iron ore prices saw the price of 62% Fe fines (Pilbara blend type
Diverging metal markets Read More »
The S&P 500 fell on Friday, marking its second-straight weekly loss, as weak technology stocks, inflation concerns, higher interest rates, and the upcoming Fed meeting weighed heavily on investors. The index lost 0.65% to close at 5,117.09 on Friday, while the Dow fell 190.89 points, or 0.49%, to finish the week at 38,714.77, and the
Inflation fears hit Wall Street ahead of Fed meeting Read More »
A negative start for trading on the ASX today (Monday) after a small dip in the futures market on Friday, which came on top of a ‘red’ session earlier in the day and a downer on Wall Street. But what happens today is going to matter not very much given the importance of three central
Mixed start for ASX trading amid central bank meeting anticipation Read More »
