Sep 30 2024, 07:38 Gold edged up – nearing a record high – as traders waited for a crucial US labor-market report and remarks from Federal Reserve Chair Jerome Powell that may give clues on the scale of the central bank’s next interest-rate cut. Bullion traded near $2,660 an ounce, after gaining 1.4% last week following a report…
Sep 30 2024, 08:41 Japan’s Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Japan saw its retail sales for August climb 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July. The…
Sep 30 2024, 09:40 China’s factory activity contracted for a fifth straight month in September, a further sign of economic weakness that highlights the urgency for Beijing’s stimulus blitz. The official manufacturing purchasing managers’ index was 49.8, below the 50-mark separating growth from shrinkage, the National Bureau of Statistics said Monday. That was better than economists’ median forecast…
Sep 27 2024, 09:53 Gold remained near $2,670 per ounce on Friday, trading at record levels as markets braced for the highly anticipated US PCE report for further guidance on the Federal Reserve’s monetary policy outlook. The Fed’s preferred inflation gauge will be closely monitored later in the day, as strong data from Thursday challenged…
Sep 27 2024, 11:42 Shares in Hong Kong jumped 541 points or 2.7% to 20,476 in early trade on Friday, extending a rally from the prior session and notching their highest level in 19 months after China, as flagged by PBoC Governor Pan Gongsheng earlier this week, cut RRR by 50bps, the second reduction this…
Sep 27 2024, 07:56 Japan’s Nikkei 225 Stock Average rises as much as 0.5%, on track to erase all losses since July 31, when the Bank of Japan raised its benchmark interest rate and drove the yen higher. Topix falls as much as 0.5% Friday. The blue-chip gauge climbed to as high as 39,223.07 shortly…
