28 October 2024
the latest ECONOMIC INDICATORS revealed that Durable Goods Orders for Sept still fell by the same magnitude, minus 0.8% as Aug. Despite the contraction, the figure was better than the -1.1% forecast.
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25 October 2024
nvestors will also be keeping a close eye on the US POLITICAL situation, with a WSJ poll on Wednesday putting former President DONALD TRUMP, the Republican presidential candidate, ahead of his Democratic rival Kamala Harris with 47% to 45% of the vote; suggesting that the November 5 US ELECTION battle will be tight.
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24 October 2024
Amid sluggish trading ahead of the US ELECTION, while Gold prices fell from record highs, dragged down by a rising US Dollar. Investors are also digesting how much the Federal Reserve may need to cut interest rates after the latest US economic data showed a steadily expanding and job-creating economy.
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23 October 2024
US bond yields rose on Tuesday amid market uncertainty ahead of the US ELECTION as well as the prospect of an interest rate cut in the same November.
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22 October 2024
ISRAEL'S military continued its offensive against Lebanon's Hezbollah militant group, with hundreds of Beirut residents fleeing their homes on Sunday night as explosions rocked the Lebanese capital. As a result this latest development in the MIDDLE EAST CONFLICT lifted Gold & Oil prices north.
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