April 7, 2024

Are US investors confused, or so besotted with the idea of falling interest rates that they ignored the strongest single month’s jobs figures for a year, and ended four losing sessions to charge higher on Friday? That question comes to mind after the positive reaction to what was a strong jobs report for March—one so […]

US stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields. The Dow rose 307.06 points, or 0.8 per cent, to close at 38,904.04. The S&P 500 gained 1.11 per cent to end the day at 5,204.34. The Nasdaq was the best performing index rising 1.24

Goodbye, Tesla, and Elon Musk’s pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a ‘robotaxi.’ That was a development Musk hurriedly confirmed in a post on his X

Inflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation. Additionally, the US March quarter reporting season commences late in the week, with Delta Airlines on Thursday and JPMorgan Chase, Citi, and Wells Fargo leading the reporting companies on Friday. Overseas, results from Tesco

Gold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran’s retaliation vow following an attack on its embassy in Syria further fueled gold’s rise. Comex gold

Wednesday’s US consumer inflation figures pose a significant test for an economy that appears to have hit bottom at the close of 2023 and is now gaining momentum, despite interest rates being at their highest in years. Friday’s jobs figures shattered many preconceptions about the labor market: a surprising addition of 303,000 new jobs in