China maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon. In fact, a slump in oil imports dominated June – the figure was the lowest in more than a year, with no real explanation from the sector. Copper and iron ore imports […]
China’s commodity trends in June 2024 Read More »
On Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs of weak consumer support for price rises and weakening sales volumes (or slowing ticket sales in the case of Delta). Earnings from the three companies were satisfactory for the June quarter,
American banks signal economic concerns Read More »
At the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders and analysts. The prices of West Texas Intermediate (WTI) and Brent were weak on Friday. WTI fell by half a percent on Friday and 1.5% for the
Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies. Helped by the surge in Apple shares in the past couple of months, shares of Berkshire Hathaway last week topped the previous high reached in late March, with the company closing at an all-time high
A week packed with economic data and corporate reports Read More »
Markets resumed their march upwards with the Dow Jones hitting new highs in intraday trading, as investors continued to rotate into the broader market and smaller companies. The Dow closed 0.62 per cent higher to close above 40,000 led by rallies in Home Depot and Caterpillar which closed up 1.7 per cent & 1.4 per
Dow Jones leads broader market higher Read More »
There’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourses, driving momentum and turning the heads of investors large and small away from prudence and the growing list of warnings. Many of these warnings are
More gains ahead this week for Wall Street after Friday’s record session? The Dow reached above 40,000 points for the first time since May, thanks to growing expectations of a rate cut this year from the Fed, even after producer prices for June were a little hotter than expected. The Dow added 247.15 points, or
The Dow reaches above 40,000 points for the first time since May Read More »
Gold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly firmer than expected. Comex gold for August delivery was last seen down 0.24% to $2,416 an ounce at the close. This followed a day when gold rose to
Gold holds near seven-week highs Read More »
Boom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures market ended strongly early Saturday (Australian time). Share price index traders left a 50 to 51-point gain on the table early Saturday to be taken
