Gold bugs will be beside themselves as China has stayed out of the very expensive gold market for the fourth month in a row. The lack of any buying was once again revealed in what wasn’t included in the monthly data for China’s foreign reserves—a change in the size of its gold holdings, which have […]
China’s gold reserve stays steady amid record price increases Read More »
China was expected to release its monthly trade data on Saturday, September 7. It typically releases this data on the 7th day of the following month, except at the start of the year and sometimes after the end of a quarter. However, the trade data is now due on Tuesday, a day after the release
Chinese markets slip as central bank hints at rate cuts Read More »
The OPEC+ group’s latest attempt to boost global oil prices collapsed within a day of its announcement on Thursday. On Friday, US West Texas Intermediate (WTI) crude hit its lowest level since June 2023, marking its worst week in nearly a year. The postponement of OPEC+ production increases confirmed a dimmer outlook for crude than
OPEC+ price boost fails as global oil markets tumble Read More »
This week presents a heady mix of developments, including interest rates in Europe, inflation in China and the US, and share markets shifting focus from economic factors to market momentum issues. Normally, Wall Street and its long line of ‘instant analysts’ would be eager for another US Consumer Price Index reading. However, after the somewhat
Fed prepares for rate cut as AI and tech stocks face investor scrutiny Read More »
The S&P 500 suffered its worst weekly decline since March 2023 on Friday, as investors grappled with a weaker-than-expected August jobs report and shed leading tech stocks. The broad index slid 1.73 per cent to settle at 5,408.42, while the Nasdaq Composite shed 2.55 per cent to close at 16,690.83. The tech-heavy index ended the
S&P 500 plunges on tech collapse and economic concerns Read More »
