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Metals rise, gold jumps 1%
The prices of precious metals grew on Wednesday with gold soaring 1% amid the latest economic prints. Data showed that manufacturing activity in the United States slowed, while construction spending fell 0.2%. Meanwhile, job openings stood at 8.5 million, coming in somewhat lower than analysts expected. All eyes are currently on the Federal Reserve, as investors are awaiting its latest monetary policy […]
Silver sheds 1.8%, gold down 1% after Fed call
The prices of white and yellow metal retreated on Thursday following the Federal Reserve’s two-day policy meeting during which the officials decided to keep interest rates steady at 5.25% and 5.50%. Fed Chair Jerome Powell underlined that “further progress on inflation is not assured,” stressing that the central bank will not ease its policy until officials have greater confidence […]
Oil prices fall 1% amid Israel-Hamas peace talks
Prices of crude oil for front-month contracts decreased on Monday amid the ongoing Israeli-Hamas negotiations that could de-escalate the crisis in the Middle East by potentially securing a temporary ceasefire in the Gaza Strip and the release of hostages held by the militant group in the enclave. European Union High Representative for Foreign Affairs and Security Policy […]
Platinum surges 3.5%, palladium jumps 1.9%
The price of platinum and palladium climbed on Monday as the American dollar weakened against a basket of currencies, including the yen after an apparent intervention by the Japanese authorities, seemingly raising the commodities demand in other currencies ahead of key economic data releases in the United States later this week coupled with the Federal Reserve policy meeting. The price […]
Coinbase enables fast Bitcoin transfers with Lightning Network
Coinbase Global announced on Tuesday that it will now allow users to opt for faster, low-cost Bitcoin transfers with the integration of Lightning Network in partnership with Lightspark. “Until now, bitcoin transfers on Coinbase were processed onchain which could take anywhere from 10 minutes to 2 hours and could be costly for users. The Lightning […]
Wells Fargo approves common stock dividend of $0.35 apiece
Wells Fargo & Company shared on Tuesday that the bank’s board of directors authorized a quarterly common stock dividend of $0.35 per share. The dividend will be paid on June 1, 2024, to shareholders of record as of May 10, 2024, the bank stated. The company’s stock traded 0.32% lower at 3:15 am ET, selling […]
Wall Street tumbles at close as Fed call looms
Stock exchanges on Wall Street closed Tuesday’s trading session with significant losses as investors braced for the Federal Reserve’s interest rate decision which will announced tomorrow. The negative sentiment was fueled by data that showed that consumer sentiment in the United States fell to its lowest level since July 2022, seemingly raising concern about the country’s economic stability with […]
Annual UK house prices up 0.6% in April
Annual house prices in the United Kingdom increased 0.6% in April, according to the Nationwide House Price Index released on Wednesday. The annual growth was lower than the 1.6% reported in March. Month on month, the index declined by 0.4%, while the average house price in the country in April stood at £261,962, up from […]
Asia trades higher, Nikkei hits 35,000 mark first time since 1990
Major stock indexes in the Asia-Pacific region traded higher on Thursday tracking Wall Street’s previous gains, with Hang Seng skyrocketing 2% and Nikkei 225 hitting the 35,000 mark for the first time since 1990, as investors awaited the latest inflation report from the world’s biggest economy, the United States. Meanwhile, earlier this week, it was reported […]
Asian markets trade mostly higher following Tokyo inflation report
The stock markets in Asia-Pacific traded mostly higher following the recent Tokyo December inflation report, which showed the inflation rate slowing to 2.4% from 2.6% of the previous year. Australia’s S&P/ASX 200 lost 0.69% at 2:56 am CET, and South Korea’s Kospi Composite was up by 0.26% a minute later. Hong Kong’s Hang Seng gained 0.72% […]
