The dollar was little changed on Monday after a mixed US employment report failed to spark any significant market reaction. Traders shifted their focus to the upcoming inflation data from the US and China, which could provide some clues on the economic outlook and the monetary policy stance of the two largest economies. US Jobs […]
Dollar Holds Steady as Traders Await Inflation Data from US and China Read More »
This year should have been a golden opportunity for oil bulls, but it has proven just as tricky to trade as any other. China’s rebound from the lockdown and Western governments’ halt of tapping strategic oil reserves should have helped push prices higher, but by mid-year, they had fallen by more than $10 a barrel.
How Rising Interest Rates And OPEC+ Cuts Are Setting Up Oil For A Volatile Year? Read More »
TikTok, the popular short video app, has found a way to thrive in Indonesia, the world’s fourth most populous country. By partnering with local e-commerce platforms and offering live shopping events, TikTok has become a destination for millions of Indonesians to discover and buy products. TikTok’s e-commerce strategy in Indonesia But while TikTok’s success in
How TikTok is Betting on E-commerce to Survive in the US Read More »
China has just thrown a wrench into Europe’s plans to go green. The Asian giant is going to limit the exports of some crucial minerals that are used in many high-tech and low-carbon industries. This could spell trouble for the European Union, which is trying to decarbonize its economy and reduce its dependence on foreign
How China’s Mineral Export Ban Could Derail Europe’s Green Ambitions Read More »
The yen put up a fight on Tuesday, but it was still on shaky ground as markets waited for the big guns of real FX intervention to show up. Meanwhile, the Aussie dollar took a dive after the central bank of Australia decided to sit on its hands and keep interest rates steady. Markets expect
Yen fights back, Aussie falls as RBA holds rates Read More »
Stock falls 5.7% on profit-taking and valuation concerns. Nvidia shares suffered their biggest daily drop since January on Wednesday, as investors took profits after the chipmaker’s market capitalization briefly hit the $1 trillion mark earlier this week. The stock fell 5.7% to close at $389.46, wiping out about $58 billion of its value. The decline
Nvidia Shares Tumble After Hitting $1 Trillion Market Cap Read More »
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early trading. The FTSE 250 index also dropped 0.4%, or
London stocks open lower as US debt deal faces opposition Read More »
Oil prices have been on a roller coaster ride since the COVID-19 pandemic hit the world in early 2020. After plunging to historic lows in April 2020, they have bounced back to some extent but still remain below their pre-pandemic levels. What are the factors that shape the oil market and what can we expect
Oil Prices: Where Are They Heading? Read More »
Gold and Copper Output Decline Barrick Gold (NYSE GOLD / WKN 870450), the world’s second-largest gold producer, reported around 0.95 million ounces of yellow metal and 88 million pounds of copper in the first three months of 2023. This was lower than the same period last year when it produced 0.99 million ounces of gold
Barrick Gold Reports Lower Production and Higher Costs in Q1 2023 Read More »
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The ECB stated that its Governing Council would make sure that the
ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes Read More »
