The 2024-25 budget will be the billing focus for Australian markets for part of this week, at least, though wages data on Wednesday and the April jobs report could very well take over as the focal points. That assumes that the US inflation and retail sales reports midweek are not too alarming. And there’s every […]
The weakness in US oil drilling continued last week with another fall in operating oil rig numbers. Data from Baker Hughes, the oil services group, said active oil rig numbers fell by three to 496, but gas rigs in use rose by one to 103. A year earlier, the US had 586 oil rigs, 141
Fall in operating rig numbers Read More »
Gold prices rose on Friday for their strongest week in six, as bets of an interest rate cut from the Federal Reserve again moved into the center stage. Spot gold gained 0.4% at $2,369 after hitting a more than two-week high earlier. Spot prices were up just over 2% last week. Comex gold futures rose
Gold prices rise for their strongest week in six Read More »
A test this week marks the last days of the US March quarterly reporting season. Only a handful of S&P 500 companies might be reporting, but a couple are going to be pretty influential, especially in the consumer sectors, with mighty Walmart and Home Depot, America’s biggest DIY group, both reporting on Thursday. They will
Last days of US march quarterly reporting season Read More »
Please note due to technical difficulties we will not be releasing a video this morning. US consumer sentiment data released on Friday kept a lid on consumer enthusiasm as the data suggested inflation remains a key concern for consumers. The Dow closed 0.32 per cent higher to post its 8th consecutive positive close. The S&P
US consumer sentiment data tempers investor enthusiasm Read More »
