by Jennifer George | August 13, 2024 | Commodities, Markets, News
Oil markets flourished on Monday with a 3% price jump, rising for a fifth consecutive session on expectations of a widening Middle East conflict that could tighten global crude oil supplies. Tensions in the Middle East have amplified since the Israeli military said it...
by Jibran Munaf | August 13, 2024 | Currency Markets Analysis, Currency Trading Strategies, Economy, Industry, Market Analysis & Commentary, Markets, Stocks & Bonds
Japanese shares led Asia higher on Tuesday, with the yen on the back foot ahead of a slew of data this week, including U.S. inflation figures, which will help investors gauge the Federal Reserve’s policy outlook after last week’s volatile markets. Oil...
by Jibran Munaf | August 13, 2024 | Expert Analysis, Market Analysis & Commentary, Market Commentary, Markets, News
Veteran investor David Roche anticipates a bear market in 2025, driven by smaller-than-expected rate cuts, a decelerating U.S. economy, and an artificial intelligence bubble. “I think [a bear market] is probably coming, but probably in 2025. We now know what will...
by Jennifer George | August 12, 2024 | Breaking, News, Stocks & Bonds, Trending Now
The Adnani Group stock fell by 5.3% on Monday after Hindenberg Research shed light on the SEBI chair’s alleged offshore investments tied to Vinod Adani. Adani Group lost approximately $2.4 billion as markets closed on Monday. Latest updates indicate shares of...
by Jibran Munaf | August 12, 2024 | Commodities, Economy, Markets, News
Gold prices rose on Monday as investors awaited the release of key U.S. inflation data, which could provide additional insight into the U.S. Federal Reserve’s next policy move. In the UAE, gold prices rose AED0.25, with 24-carat gold inching up to AED294.75 while...
by Vasu Jit Kalia | August 12, 2024 | Markets
Korea’s memory chip exports to Taiwan surged over 225 percent in the first half from a year earlier on robust demand for high-performance high bandwidth memory (HBM) products sparked by the fast growth of the global artificial intelligence (AI) market, data...
