Category: Markets
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Asian Markets Cautious as Political Tensions Rise: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are set for a mixed open on Monday as traders grapple with ongoing political turmoil in South Korea and await signs of fresh stimulus from Beijing. Oil stabilized after the overthrow of the Syrian government. Article writer: Bloomberg News Matthew Burgess Published on December…
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South Korea’s Whirlwind Stint in Martial Law Jolts Markets
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(Bloomberg) — South Korean President Yoon Suk-yul’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then reverse course just as quickly — sent shockwaves through the country’s offshore-traded assets and caught fire globally. Markets were caught off guard,…
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Trump’s low oil price promise is a risk and a boon for emerging markets
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Written by Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) – Donald Trump promised to “drill, baby, drill” to cut energy costs in half, a plan that sends shivers through the governments of emerging market oil producers worried about dollar yields and fills poorer importing countries with hope. In practice,…
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Stock market’s record run sets stage for December gains, pros say
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The market’s record year may have more room to go, with sentiment boosted by recent outperformance and historical trends. Stocks hit all-time highs following President-elect Donald Trump’s victory earlier this month, as Wall Street remains optimistic about the incoming administration’s economic agenda despite looming tariff risks. “Tariff threats may lead…
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Gold Pulls Away From Daily Highs Near $2,650
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Gold holds near $2,650 after retreating from daily highs, supported by Fed rate cut bets and geopolitical tensions. Key levels to watch include $2,670 and $2,605. The post Gold Pulls Away From Daily Highs Near $2,650 first appeared on Investorempires.com.
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How will markets react to a ceasefire in the north?
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The prospect of a ceasefire agreement in Lebanon encouraged investors who had been hungry for good news for a long time. The narrowing gaps between the returns of major indexes on the Tel Aviv Stock Exchange and those on leading stock indices around the world suggest that investors are pricing…
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Trump’s tariff post sends markets scrambling
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A look at the day ahead in European and global markets from Kevin Buckland And so it begins. Trump took to his Truth Social platform late Monday to threaten 25% tariffs on Mexico and Canada if they don’t better control their borders, and additional tariffs on China. Suddenly, Asian investors,…
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Stocks, Bonds Rise as Traders Cheer Treasury Pick: Markets Wrap
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(Bloomberg) — A strong Asian day for stocks and Treasuries looks set to extend into Europe, where traders are accepting Donald Trump’s selection of Scott Bescent for Treasury Secretary as a calculated choice that would inject more stability into the U.S. economy and financial markets. Most read from Bloomberg Euro…
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Brand Empowerment Helps Guangxi’s Agricultural Products Enter Domestic and International Markets
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Article content Nanning, China, Nov. 22, 2024 (GLOBE NEWSWIRE) — On November 9th, a Liubao tea promotion event with the slogan “Liubao Tea Shines in China” was unveiled at the 2024 Guangxi International Agricultural Expo. Tea industry practitioners from all over the country gathered to exchange Their expertise and new…
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Equities Are Better Supported Despite the Crypto Rally
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Despite Bitcoin’s recent rally, UBS believes equities are better supported, with strong economic growth and AI driving market optimism. The post Equities Are Better Supported Despite the Crypto Rally first appeared on Investorempires.com.
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Stocks Fluctuate With Focus Shifting to Inflation: Markets Wrap
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(Bloomberg) — Stocks traded mixed ahead of key U.S. inflation data on Wednesday as concerns grow that President-elect Donald Trump’s proposed tariffs and his picks for key positions could spark a resumption of price growth. Most read from Bloomberg The Stoxx 600 index recorded small movements in the European open…
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Chart Art: Time for a Trend Correction on the S&P 500 (SP500) Index?
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US stock markets have been on the rise lately, but are we finally seeing signs of a correction to the rally in the S&P 500? Check out these nearby turning points! S&P 500 Index (SP500) 4 Hours Chart by TradingView Optimism for business-friendly policies under another Trump administration has allowed…
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Daily Broad Market Recap – November 12, 2024
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Markets showed mixed sentiment today as traders likely positioned themselves ahead of FOMC members’ speeches, while Bitcoin continued its post-election rally to new highs. Learn about the main headlines that affected price movement in financial markets in the past trading sessions: Titles: Westpac-MI Consumer sentiment in Australia slowed from 6.2%…
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Daily Broad Market Recap – November 12, 2024
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Markets showed mixed sentiment today as traders likely positioned themselves ahead of FOMC members’ speeches, while Bitcoin continued its post-election rally to new highs. Learn about the main headlines that affected price movement in financial markets in the past trading sessions: Titles: Westpac-MI Consumer sentiment in Australia slowed from 6.2%…
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U.K. Labor Market Update: Wages Cool But Unemployment Rose Above Expectations
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The UK labor market showed mixed signs in the quarter ending September, with wage growth moderating but the unemployment rate rising more than expected. The Office for National Statistics (ONS) reported that regular wage growth (excluding bonuses) fell to 4.8% in the three months to September from 4.9% in August,…
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Wall Street CEO Ready to Run Trump’s Economy: Howard Lutnick’s Bold Move
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Howard Lutnick, CEO of Cantor Fitzgerald, is preparing to take on a major role in Trump’s administration, with plans to overhaul the U.S. economy and reduce the federal deficit. The post Wall Street CEO Ready to Run Trump’s Economy: Howard Lutnick’s Bold Move first appeared on Investorempires.com.
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Stocks Pause Gains With Rally Looking Overdone: Markets Wrap
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(Bloomberg) — Stocks paused their advance Tuesday amid signs that the rally has left valuations overextended, while investors weighed the potential political impact of Donald Trump’s Cabinet choices. Most read from Bloomberg The European STOXX 600 index lost 1%, almost erasing Monday’s rise. US futures fell after five days of…
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Stocks Pause Gains With Rally Looking Overdone: Markets Wrap
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(Bloomberg) — Stocks paused their advance Tuesday amid signs that the rally has left valuations overextended, while investors weighed the potential political impact of Donald Trump’s Cabinet choices. Most read from Bloomberg The European STOXX 600 index lost 1%, almost erasing Monday’s rise. US futures fell after five days of…
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Chart Art: EUR/GBP’s Potential Pullback After A Breakout
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EUR/GBP extended its November decline to break the range pattern from last week. Will we witness a decline during the coming trading sessions? Or will the bears keep calm and continue their momentum? We take a closer look at potential pullback levels for EUR/GBP! EUR/GBP Forex 4 Hours Chart by…
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Daily Broad Market Recap – November 11, 2024
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US and Canadian banks were closed for the holiday, but that didn’t stop some asset classes like crude oil and Bitcoin from making volatile moves. Here’s what’s driving the markets so far. Titles: On Friday after the market closes The Standing Committee of the National People’s Congress confirmed 10 trillion…