The Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally. The S&P 500 closed 0.7 per cent higher while the Nasdaq set a new high finishing up 1.1 per cent on the day. The […]
Nvidia driven rally continues to push US markets higher Read More »
Iron ore prices ended back over $US120 a tonne in Asian dealings on Friday as the market ignored another rise in portside stocks in the week to Thursday. That was a gain of around $US3 a tonne at the close, reaching $120.60 – the third time the price has been over $US120 a tonne in
Iron ore prices rise amidst increased portside stocks and growing steel production Read More »
A week for going nowhere—that was last week. This week, however, it’s a week for being on tenterhooks until 8:30 a.m. Washington time, when the last inflation data release of the month is due. All that suspense will make for a confusing week where it will pay to do nothing until the data sings on
A week of suspense in the US markets Read More »
Did we miss the copper party? Was gold’s surge last week just another flash in the pan? Was the Fed the catalyst for the sell-off in metals—or did traders realize that the boomlet was built on clay and easily undermined by a US central bank that seems to be getting a little cranky about “sticky
Market recap: Gold’s slump, copper’s surge, and the Fed’s influence Read More »
Time for oil to step back into the spotlight as prices ease, and the OPEC+ group’s next meeting this coming weekend has again raised the now-familiar question: ‘will they raise or ease their production cap?’ No change looks like being the obvious answer, even as prices sag. OPEC can’t risk more members such as Iraq
Time for oil to step back into the spotlight Read More »
