$9,000/mt is an attractive medium-term entry point for Copper: UBS – Investing.com
Investing.com — Prices have fallen sharply recently, dropping below $9,000 a tonne for the first time since April, the result of a confluence of factors including rising inventories, disappointing manufacturing data and the results of China’s Third Plenary Session. Despite the recent weakness, analysts at UBS Global Research remain bullish on copper’s medium-term outlook. “We […]
Trump 2.0: Why a soft USD policy is unlikely to work – Investing.com
Deutsche Bank Research takes a closer look at the practical challenges of implementing a soft US dollar policy in light of the potential policies of a second Trump administration. Analysts highlight the obstacles and limitations of such a strategy and argue that tariffs and the associated strong impact on the US dollar are likely to […]
Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift By Reuters – Investing.com
By Ray Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China cut several key interest rates, while the greenback was little changed awaiting fresh stimulus measures. China surprised markets on Monday by cutting key short- and long-term interest rates for the first time since August last […]
Lynx: Buy TSM, chip stocks as sector sell-off expected to reverse – Investing.com
Shares of TSMC (TSM) and other semiconductor makers came under heavy pressure last week, mainly due to reports that the U.S. is considering tougher trade restrictions to limit China’s access to advanced chips. The Biden administration is reportedly considering tougher measures against companies such as Tokyo Electron and ASML ( ASML ) if they continue […]
Asian stocks sink on political uncertainty; China rate cut offers little cheer – Investing.com
Investing.com — Most Asian stocks fell on Monday amid uncertainty about how the change in U.S. leadership will affect the region. Even a surprise interest rate cut in China wasn’t enough to lift market morale. Regional markets are still digesting US President Joe Biden’s sudden decision to forgo reelection and instead endorse Vice President Kamala […]
'Another Nasdaq crash?': SocGen warns of potential US tech sector bubble burst – Investing.com
Strategists at Societe Generale (OTC:) are warning growth-oriented investors that a bubble in the U.S. technology sector could be about to burst. The bank highlighted the large market capitalization of U.S. technology companies, noting that small caps have recently surged in contrast to declines for big tech companies, including the “Magnificent Seven.” “With the US […]
Gold prices remain close to record highs as rate cut cheers persists – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as a weaker dollar supported the precious metal amid growing expectations of a U.S. interest rate cut. Demand for safe haven metals also increased in the precious metals market following reports of a possible deterioration in trade relations between the United […]
Standard Chartered boosts private bank team with 14 new hires By Reuters – Investing.com
HONG KONG (Reuters) – Standard Chartered Bank (OTC:) has hired a dozen new bankers for its private banking divisions in Singapore, Hong Kong and the United Arab Emirates as it seeks to expand its wealthy business, the bank said on Thursday. The hires also include Nicholas Cheng, who joined as head of the private markets […]
Dollar steadies as Sept rate cut back in focus, yen wobbles By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up from a five-week low on Tuesday as investors weighed the possibility of a September interest rate cut following comments from Federal Reserve Chairman Jerome Powell and pondered the growing chances of former U.S. President Donald Trump being re-elected. The Japanese yen came under pressure again as […]
Oil prices tick down on worries about Chinese demand By Reuters – Investing.com
Investing.com — Gold prices rose in Asian markets on Tuesday, approaching new highs amid growing expectations that the Federal Reserve will start cutting interest rates from September. However, gold’s gains were limited by a firmer dollar, which strengthened on growing expectations that President Donald Trump will be re-elected. As of 00:46 ET (04:46 GMT), it […]