Those all-time highs from July are much closer now after Fed Chair Jay Powell shifted the idea of a rate cut from speculation to almost a certainty at the central bank’s September meeting. In anticipation of the looming cut, Wall Street finished the week strongly and looks set to continue the momentum this week. The […]
Wall street rallies as Fed rate cut becomes almost certain Read More »
The miserable June quarter, half-year, or full year for local and global lithium players will end this week with major reports from Australia and China. Eyes will also be on the world’s biggest company in this space, Albemarle, whose shares soared last year, rising nearly 14%, including a jump of over 4% on Friday, for
Key updates from lithium giants and market trends Read More »
How much is left in Nvidia’s share price with the June quarter results due midweek? After Fed Chair Jay Powell all but confirmed that a rate cut is 22 days away, one has to wonder if Nvidia and the rest of the megacaps have what it takes to keep the market moving through the rest
How Nvidia and others are shaping market trends Read More »
Gold prices surged on Friday following two days of losses, as the dollar and Treasury yields fell sharply after Federal Reserve Chair Jerome Powell confirmed market expectations that the central bank is ready to begin cutting interest rates. This led to a decline in the dollar and bond yields, while Comex gold for December delivery
Gold prices rise sharply as Fed Chair signals rate cuts Read More »
US stocks rallied on Friday after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be on the horizon. The Dow Jones Industrial Average climbed 462.30 points, or 1.14 per cent, to close at 41,175.08. The Nasdaq Composite rose 1.47 per cent, ending at 17,877.79, while the S&P 500 gained 1.15 per cent,
US stocks rally as Powell hints at possible rate cuts Read More »
