Metals News
-
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 ...
-
An armed robber disguised as a pensioner made off with Ł2.5million 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 ...
-
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 ...
-
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.
-
The Bank of Canada cut the overnight rate by 25bps to 4.75%. Markets responded as shown in charts 1–3 by driving the Canada 5-year yield even lower to 3.42%, further emboldening the rally from 3.8% just a week ago while driving the 2-year yield well under 4% for about a 40bps rally over the past week. Variable and fixed rate mortgage rates are going to be ...
-
post: China PBoC Sets Yuan Mid-Point At 7.1108 / Dollar Vs Last Close 7.2477PBOC sets USD/ CNY reference rate for today at 7.1108 (vs. estimate at 7.2436) PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 260bn mature today. • A net drain of 258bn yuan in Open Market Operations (OMOs).
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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.
-
Key statistics: The seasonally adjusted balance on goods increased $1,707m in April. Goods credits (exports) fell $1,130m (2.5%) driven by Metal ores and minerals. Goods debits ...
-
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 ...
-
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 ...
-
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 ...