Most Asian stocks climbed on Tuesday, tracking Wall Street’s record highs as the third-quarter earnings season approached. However, Chinese markets lagged due to disappointing economic data and fading optimism over fiscal stimulus measures from Beijing. Regional markets benefited from Wall Street’s strong performance, with the S&P 500 and Dow Jones …
Read More »Dollar Holds Near Recent Highs Amid Tepid Currency Moves and Disappointing Chinese Stimulus
The U.S. dollar hovered close to recent highs on Monday as investors reacted to underwhelming weekend stimulus announcements from China, while the euro continued its decline ahead of a key European Central Bank (ECB) meeting this week. The euro fell 0.1% to $1.092850, marking its 11th drop in 12 sessions …
Read More »Noor Capital | Interview with Mohammed Hashad on Alarabiya TV – Oct 11, 2024
In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …
Read More »European Stocks Start the Week Cautiously Amid Chinese Stimulus Talk and ECB Meeting
European stock markets opened the week on a cautious note Monday, as investors processed discussions of potential Chinese fiscal stimulus while awaiting the European Central Bank’s upcoming rate-setting meeting. As of 03:10 ET (07:10 GMT), Germany’s DAX index edged 0.3% higher, while France’s CAC 40 and the U.K.’s FTSE 100 …
Read More »Bitcoin Rises as Mt Gox Postpones Creditor Repayment Deadline
Bitcoin’s price climbed on Monday, continuing a weekend rebound after the defunct crypto exchange Mt Gox delayed its asset repayment to creditors by a year, alleviating concerns about a near-term sell-off. Despite the gains, broader crypto markets remained rangebound, with limited positive catalysts. Last week, prices were shaken by concerns …
Read More »Gold prices muted; copper weakens
Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from upcoming Federal Reserve speakers this week, while expectations of a November rate cut remained in focus. In the industrial metals market, copper prices dipped due to underwhelming signals on fiscal stimulus from …
Read More »U.S. Stock Futures Slip as Investors Await Bank Earnings and Inflation Data
U.S. stock index futures edged lower on Friday as investors braced for the release of key bank earnings reports and another inflation reading, with potential implications for the Federal Reserve’s monetary policy. As of 05:40 ET (09:40 GMT), Dow Jones Futures dropped 95 points (0.2%), S&P 500 Futures fell 17 …
Read More »European Markets Edge Lower Amid Mixed Economic Data and U.S. Earnings Season
European stock markets traded slightly lower on Friday, as investors digested disappointing British growth data while awaiting key U.S. bank earnings and an anticipated fiscal policy briefing from China. As of 03:10 ET (07:10 GMT), Germany’s DAX index fell 0.1%, France’s CAC 40 dropped 0.1%, and the FTSE 100 in …
Read More »Gold Extends Gains Amid Mixed U.S. Economic Data, Dollar Weakness Supports Broader Metal Prices
Gold prices continued to rise in Asian trade on Friday, building on overnight gains as stronger-than-expected U.S. inflation data was balanced by weaker labor market figures. This dynamic helped boost broader metal markets, with copper and other industrial metals benefiting from the softer dollar and anticipation of fiscal stimulus cues …
Read More »U.S. Dollar Dips Amid Mixed Economic Signals, But Stays on Track for Weekly Gains
The U.S. dollar retreated from its recent two-month highs against major currencies on Friday, as signs of weakness in the labor market increased the likelihood of quicker Federal Reserve rate cuts. Despite this dip, the dollar is set to post its second consecutive weekly gain, bolstered by strong payroll figures …
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