LA Private

April 30, 2024

April market recap

For markets, April was like a famous quote from Charles Dickens’ A Tale of Two Cities – “it was the best of times, it was the worst of times” – starting with promise, running up, and then taking a crunching in the final days of the month. Gold saw an absolute whacking on Tuesday as

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Hot wages data weighs on US markets; Amazon profit more than triples

US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday. The Labor Department has stated that the employment cost index, a measure of wages and benefits, grew 1.2 per cent in the first quarter of the year, above

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China’s economy expands in April

As suspected by foreign economists, activity across the Chinese economy expanded in April, though at a slower rate than seen in March’s rebound. The official Manufacturing survey slowed to a still positive expansion rate of 50.4 in April from March’s 12-month high of 50.8. The reading was slightly stronger than market forecasts of 50.3. Data

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