July 28, 2024

The coming week promises to be a tempestuous one for global markets, as a confluence of economic indicators, central bank decisions, and corporate earnings collide. Investors and policymakers alike will be closely monitoring developments across multiple fronts. The Federal Reserve’s monetary policy meeting on Wednesday will undoubtedly be the week’s focal point. While market expectations […]

Gold prices rallied on Friday, recovering from a sharp decline the previous day as US inflation data came in line with expectations. Treasury yields fell, boosting the appeal of non-interest-bearing gold. Comex gold for December delivery jumped $32.90 to $2,432.80 per ounce, having dropped $64.10 on Thursday. August gold closed at $2,385.70, up nearly 1.4%.

China’s economic engine sputtered last week as shares plummeted 3.7%, a stark reflection of investor uncertainty over the government’s ability to reignite growth. The Third Plenum, widely anticipated to deliver a decisive stimulus package, fell short of expectations, sending shockwaves through the market. While Beijing has since unveiled a series of measures, including multiple interest

Australia is bracing for a tumultuous week as crucial economic data is set to be released. The June quarter and monthly inflation figures are expected to be particularly challenging, with economists predicting a surge in prices. This could significantly impact the Reserve Bank of Australia’s (RBA) monetary policy stance. AMP chief economist Shane Oliver forecasts

The rotation into cyclicals and small caps continued on Friday, underpinned by encouraging inflation data. All the major indices and the small cap Russell 2000 finished the day up strongly. The Dow Jones surged 1.64 per cent & the broader S&P 500 rallied 1.11 per cent. The Nasdaq gained 1.03 per cent. The small cap