Nikkei Sets New Record High on Weak Yen & Slow BoJ Normalization
The BoJ has started normalizing its ultra-easy stance, but progress is slow, so the Yen continues to suffer and JPN225 extends it rally to new records
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The BoJ has started normalizing its ultra-easy stance, but progress is slow, so the Yen continues to suffer and JPN225 extends it rally to new records
The index slides following Thursday’s elections, but the UK has its best opportunity for stability and the new PM has made economic growth the main priority
USOil runs its fourth straight profitable week and reached the highest levels in nearly three months, boosted by tightening fundamentals
The entertainment giant returned to box office hits with Inside Out 2 and its $1 trillion gross, in another indication that the turnaround efforts are making an impact, but the stock remains in a precarious position
The French stock market opened higher on Monday, despite the victory of Le Pen’s party, as investors appear hopeful that it won’t secure outright in the second round
The sportswear giant’s hardships continue as it posted revenue contraction of 2% in Q4 FY24, expects deeper drop in the current quarter and downgraded its full year guidance
NGAS has formed a Golden Cross formation that paints an upbeat technical outlook, which adds to the favorable fundamentals
The pair extended its relentless rally to the highest since 1986 as the Fed is hesitant to slash rates and the BoJ is moving slowly to less easy stance, but risk of FX intervention rises
Silver has emerged as one of the best-performing commodities of 2024, with a 21% increase year-to-date, surpassing gold, copper, and the S&P 500 index. Despite this strong performance, investor interest in silver is waning, as indicated by net outflows in most silver ETFs and a significant drop in U.S. Mint coin sales, down to 1.34 million ounces from 3.4 million ounces last year.
The pair jumped as chances of an RBA rate hike are boosted, after inflation hit six-month highs
After last week’s all-time highs, NVDA experienced a sharp correction, which brings it close to bear territory
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