by Jibran Munaf | June 28, 2024 | Markets, News
Asian stocks are poised for a fifth consecutive month of gains on Friday, driven by the growing view that cooling U.S. inflation will allow the Federal Reserve to ease rates this year. Friday is packed with risk events for markets after a relatively subdued rest of...
by Jibran Munaf | June 27, 2024 | Currencies, Markets, News
The U.S. dollar hit its strongest level since December 1986 against the yen, and it was last up 0.7% at 160.697 yen. On Wednesday, the U.S. dollar reached its highest level against the Japanese yen in nearly 38 years, amid investor speculation that Japanese...
by Jibran Munaf | June 25, 2024 | Market Analysis & Commentary, News
Nvidia’s shares have fallen 16% since Thursday, ending its brief stint as the world’s most valuable company last week. Nvidia has lost over $500 billion in market value following a significant drop in its share price. On Monday, Nvidia’s shares fell almost...
by Jibran Munaf | June 20, 2024 | Commodities, Markets, News
Spot gold rises 0.6% to $2,341.15 per ounce amidst softer U.S. economic data and rate cut expectations Gold prices reached a two-week high on Thursday as weaker U.S. economic data fueled expectations of interest rate cuts by the Federal Reserve this year. As of 0512...
by Jibran Munaf | June 19, 2024 | Markets, News, Stocks & Bonds
London Stock Exchange Reclaims Top Spot in Europe as Political Instability Hits Paris The London Stock Exchange (LSE) has reclaimed its position as Europe’s largest stock market by valuation, overtaking Paris due to recent political turmoil in France. According to...
by Admin | May 12, 2024 | Markets
This week, the average rate on a 30-year mortgage surged to its highest level in over five months, exerting upward pressure on borrowing expenses for prospective homebuyers during what is typically the housing market’s busiest period. According to mortgage buyer...
