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“We were advised to return the bonus and take out a home-equity loan.”
The week in one sentence: speculators’ positioning turned more selective in the week to August 11. That said, Gold attracted the strongest inflow, while WTI and VIX recorded the largest reductions.
Congress changed three charitable-deduction rules this year. The most common way people give money to charities these days is now also probably the most expensive way.
MON: Japanese GDP Prelim (Q2), Chinese Activity data (Jul), Canadian Inflation (Jul) TUE: UK Jobs report (Jun/Jul), German ZEW Survey (Aug) WED: UK Inflation (Jul), EZ Final CPI (Jul), FOMC Minutes THU: Riksbank Announcement, PBoC LPR, Japanese Trade Balance (Jul), Australian Jobs Report (Jul) FRI: Japanese CPI (Jul), UK Retail Sales (Jul), EZ/UK/US Flash PMIs (Aug), Canadian Retail Sales (Jul) JAPANESE GDP (MON): Japanese preliminary Q2 GDP growth is expected at 0.5% Q/Q (prev. 0.5%) and 2.0% annualised (prev. 1.8%), broadly maintaining the pace seen in Q1. Domestic demand is expected to remain the key driver, with private consumption seen…
A recent selloff in AI-linked stocks offers opportunities for investors across the hardware, internet and energy sectors, according to analysts.
Can gold rust? Not in its pure form. Real 24 karat gold is one of the least reactive metals on the periodic table, known as a noble metal. It is immune to the oxidation that turns iron to rust, and resistant to the tarnishing that dulls silver or copper over time. That’s why gold coins, gold bars, and jewellery recovered from shipwrecks and ancient tombs can still look almost as bright as the day they were made, sometimes thousands of years later. It’s also part of why gold has persisted as a monetary metal throughout human history, and remains a…
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading in the mid-1.15s with modest gains versus the US Dollar (USD), supported by euro area Gross Domestic Product (GDP) and a return to trade surplus. Recovering yield spreads underpin the Euro (EUR), with their narrow fair value estimate at 1.1641, above spot. Short-term technicals are described as bullish, with support near 1.1500 and resistance around 1.1580 and the 200-day moving average.Fundamentals and technicals align higher”The EUR is entering Friday’s NA session with a 0.2% gain vs. the USD, pushing into the mid-1.15s while also underperforming most of the G10 currencies…
After past snubs, social-media site Reddit has landed a spot on the S&P 500, sending shares on an after-hours rally Thursday.
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU).EUR/USD steadies as softer US inflation contrasts with hotter Spanish pricesUS producer-side inflation confirmed what the CPI revealed a day earlier: the disinflation process is evolving. The Producer Price Index (PPI) cooled in headlines and core figures, each at 4.7% and 4.2% respectively, when compared to June’s print.This pushed investors to reduce bets on…
Lenovo Group on Thursday became the latest company in the build-out of artificial intelligence to report soaring profits that caught investors by surprise.