September 29, 2024

The China stimulus surge lifted the ASX on Friday, and many investors are hoping for the rally to continue this week, even though China enters a week-long holiday starting tomorrow, with no major news expected during that period. However, the news from China and the U.S. economic data overshadowed the return to normalcy at the […]

Iron ore prices hit a two-month high at Friday’s close, driven by China’s steady rollout of stimulus measures that boosted interest in the steelmaking mineral. 62% Fe fines finished the week at $US102.85 per tonne ($A150) on the SGX platform in Singapore, up more than 4% on the day and marking the highest close since

On Friday, the Dow Jones Industrial Average hit a new record high as traders processed fresh data indicating ongoing progress in curbing inflation. Wall Street also celebrated its third consecutive week of gains. The 30-stock Dow increased by 137.89 points, or 0.33 per cent, closing at 42,313.00, which marks both a record close and an

U.S. investors largely ignored the roaring comeback in Chinese and other Asian markets on Friday. Chinese markets ended their best week since 2008, boosted by a series of stimulus measures rolled out in China from Tuesday onward. In contrast, Wall Street meandered, fretting and ultimately making little progress, except for a modest record-breaking close for

Gold and silver prices retreated on Friday from record highs but still notched weekly gains, fueled by hopes for a second major rate cut from the Fed. This followed inflation data showing price pressures under control. U.S. PCE income, spending, and price figures were mixed—income and spending were weaker than forecast, but the decline in

The first week of the new month and the new quarter begins tomorrow, bringing new data releases, speculation on interest rates, more challenges for companies like Star Entertainment, growing concerns about the Middle East, and, of course, the final month before the November elections in the U.S. Additionally, we have the start-of-month surveys for manufacturing

Global oil prices posted a weekly loss by Friday’s close, as fears of growing oil supplies from Saudi Arabia overshadowed China’s efforts to stimulate its economy. The U.S. benchmark, West Texas Intermediate, fell 4.4% for the week (despite a small rebound on Friday), while the global benchmark, Brent, pulled back by 3.6%. Prices declined throughout