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Hang Seng Index Up 13%, Mainland Stocks Surge as China Implements Stimulus – FX Empire

Importantly, investors viewed this policy move as positive for China's real estate market. The Hang Seng Mainland Property Index (HMPI) rose 30.64% in the week ended September 27. Notable stock gains across the real estate sector include Longfor Group Holdings (0960) (+56.44%) and Simao Group Holdings (0813). (+69.81%), Agile Group Holdings, Inc. (3383) (+46.51%). The […]

Gold News: Can XAU/USD Rally Continue Despite Rising Profit-Taking Risks? – FX Empire

Economic data released throughout this week further supported the case for continued rate cuts. The personal consumption expenditure (PCE) price index, a key indicator of inflation, rose 0.1% month-on-month in August and 2.2% year-on-year, slightly below economists' expectations of 2.3%. The core PCE index, which excludes food and energy, was also in line with expectations, […]

Gold News: Could Upcoming PCE Inflation Data Push Gold to New Highs? – FX Empire

Fed rate cuts fuel gold price gains The Fed's aggressive 50 basis point interest rate cut has reignited bullish sentiment towards gold. Traders had largely expected a 25 basis point cut, but a larger cut has changed expectations and reignited demand for safe haven assets. Moreover, the market is now expecting a further rate cut […]

Fox News Politics: An Empire State ‘Power Grab’

Welcome to the Fox News Politics newsletter, bringing you the latest in Washington, DC political news and the latest on the 2024 election campaign. What’s going on… – Experts warn that the US is 'sleepwalking' into World War III… – House passes bill to strengthen Secret Service protection for presidential and vice presidential candidates – […]