Metals News
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Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
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An armed robber disguised as a pensioner made off with £2.5million worth of jewellery after he pulled a gun on the cashier at a luxury watch store in Monaco. The crook appeared to be wearing a latex mask, and donned a suit and flat cap to make him look like an old man and conceal his identity - fooling unsuspecting passersby as he held up the shop. The ...
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GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
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Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
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Fitch Ratings expects China’s new home sales value to decline by 15%-20% to CNY8.3 trillion-8.8 trillion in 2024, reflecting a 10%-15% decline in gross floor area (GFA) sold and 5% decline in average selling prices (ASP). This follows sales trends in the first four months that have fallen short of our previous forecasts of a 5%-10% sales value decline, and ...
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Bank of Japan policy board member Nakamura: • Japan's economy recovering moderately albeit some weak signs. • My view is that inflation may not reach 2% from fiscal 2025 onward if consumption weakens. • Will focus on whether inflation-adjusted consumption turns positive, in deciding future monetary policy. • Based on current data, it is appropriate to keep policy intact for time being. • Pass-through of wages to inflation remains weak but closely monitoring situation. post: BOJ'S NAKAMURA CLOSELY WATCHING REAL WAGES post: BOJ'S NAKAMURA CLOSELY MONITORING CONSUMER EXPENDITURE. post: BOJ'S NAKAMURA WARNS JAPAN'S ECONOMY AT CRITICAL JUNCTURE post: NAKAMURA SUGGESTS MAINTAINING CURRENT POLICY FOR THE TIME BEING.
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The US services sector expanded in May by the most in nine months, powered by the largest monthly gain in a measure of business activity since 2021. The Institute for Supply ...
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The May US ISM services index rose quite a bit more than expected to a nine month high of 53.8 from 49.4. It was led by strong business activity (61.2 versus 50.9 in April) and ...
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There is universal anticipation that the Bank of Canada (BoC) will reduce its policy rate by 25 bps at its upcoming gathering on Wednesday, June 5. It will be the first rate cut ...
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Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation's purchasing and supply executives in the ...
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Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement. Governing Council decided monetary policy no longer needs to be as restrictive and lowered the policy interest rate by 25 basis points to 4.75%. We’ve come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the 2% target has increased over recent months. The considerable progress we’ve made to restore price stability is welcome news for Canadians. Since our Monetary Policy Report in April, underlying inflation has continued to ease and economic growth has resumed. With the economy in excess supply, there is room for growth even as inflation continues to recede. Let me provide a little more detail about these dynamics. After stalling in the second half of last year, economic growth picked up in the first quarter of this year. At 1.7%, growth was lower than projected in the April report. But consumption growth was solid at about 3%, and business investment and housing activity also increased. In the labour market, businesses are continuing to hire workers. Employment has been growing, but at a slower pace than the working-age population. This has allow post: BoC’s Macklem: Timing Of Further Cuts Depends On Data, Will Be Taking Decisions One Meeting At A Time post: *MACKLEM: PATH OF INTEREST RATES LIKELY TO BE GRADUAL post: *MACKLEM: DON'T NEED TO MOVE IN LOCKSTEP WITH FEDERAL RESERVE post: BoC’s Macklem: There Are Limits To How Far BoC Can Diverge From Fed; Currently Not Close To Limits
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Private sector employment increased by 152,000 jobs in May and annual pay was up 5.0 percent year-over-year, according to the May ADP® National Employment ReportTM produced by the ...
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Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data. At the time of writing, the XAG/USD trades at $29.98 and gains 1.69%. A double top chart pattern emerged in Silver’s daily chart, opening the door for further losses. Although the grey metal climbed toward the May 24 low, turning resistance ...
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Silver not only plunged below $30 and its 2021 high – it also closed there. In other words, the market confirmed what I wrote in yesterday’s analysis. Silver likely topped in a similar manner as it did in 2011, however, if the stock market slides this time, the fall in silver prices could be much bigger, and the same goes for mining stocks. Let’s stay with ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...