Copper Constructive on Encouraging News around China’s Property Market
The commodity made a strong start to the week as China looks to provide further support to the real estate market and troubled developer Sunac meets restructuring conditions
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The commodity made a strong start to the week as China looks to provide further support to the real estate market and troubled developer Sunac meets restructuring conditions
The company that sparked the generative Artificial Intelligence arms race ousted its CEO, in a surprise move that could undermine the AI advantage of collaborator Microsoft and reshape the AI landscape
The pair jumped earlier in the week due to the cool US CPI report and despite some consolidation it does not appear bothered by the substantial progress on inflation in Eurozone as shown by today’s data
Shares of Chinese tech giant Alibaba slump after abandoning plans to spin its Cloud unit due to US chip restrictions, weighing on HKG33
Watch today’s US Open for insights on the UK inflation cool down, the strong labor data from Australia, Burberry’s poor results and more
The British high-end fashion designer reported underwhelming H1 FY24 results on Thursday and warned it could miss its full year revenue guidance, amidst a decline in luxury spending
The pair surged earlier in the week to due to the soft US inflation report, but eases today despite strong wage and employment data from Australia
The US index posted one of its best days of the year on Tuesday, after the CPI report showed inflation moderation, reinforcing market optimism for peak rates
The commodity staged a turnaround with the help of supportive OPEC comments, but struggles to extend its recovery, despite cool US inflation and strong data from China
The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration
Wednesday’s CPI report showed further progress on inflation, which grew by the slowest pace in two years and the data will be welcomed by the central bank, which has stayed on the sidelines for the last two meetings
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