Metals News
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China landed an uncrewed spacecraft on the far side of the moon on Sunday (Jun 2), overcoming a key hurdle in its landmark mission to retrieve the world's first rock and soil samples from the dark lunar hemisphere. The landing elevates China's space power status in a global rush to the moon, where countries including the United States are hoping to exploit ...
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to financing. At issue is the carbon emissions of buildings and the expected cost of upgrades needed to stay on the right side of new green regulations. The European Union just passed its Energy Performance of Buildings ...
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China's Ministry of Commerce stimulus effort, announcing plans to facilitate: • Trade-in programs for consumer goods. • Aiming to increase second-hand vehicle transactions by 45% by 2027. • Will offer subsidies to car owners who scrap cars and replace them with new electric vehicles (NEVs).
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The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a ...
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Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, ...
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The People’s Bank of China is the key actor in Beijing’s intensifying effort to shore up the housing market, pumping in cash through a variety of programs with more funds ...
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post: FED'S KASHKARI: LIKELY WE HOLD RATES FOR QUITE A WHILE: FT FED'S KASHKARI: SHOULD ERR ON TAKING OUR TIME TO CUT RATES: FT FED'S KASHKARI: US RESILIENCE REQUIRES HIGH RATES FOR AN EXTENDED PERIOD: FT FED'S KASHKARI: COSTS OF PREMATURELY DECLARING VICTORY ARE HIGH: FT
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Business conditions in the Chinese manufacturing sector improved at a more pronounced rate midway into the second quarter of 2024. Production growth accelerated amid rising new ...
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Gold remained on the defensive this week with XAU/USD trading at 2340 ahead of the New York close on Friday. A massive reversal off technical resistance last week remains in focus with gold threatening a deeper correction within the broader uptrend. These are the update targets and invalidation levels that matter on the XAU/USD weekly technical chart ...
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Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. ...