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…
