Monthly Archives: October 2024
Middle East Fuel Safe-Haven, Would Data Further Boost?
Written on October 4, 2024 at 2:22 am, by pumarketings
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading
Yen Capitulates on Ishiba Dovish Tone
Written on October 3, 2024 at 5:57 am, by pumarketings
Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven by a surpriseContinue Reading
Geopolitical Tension Spurs Commodity Price
Written on October 2, 2024 at 5:58 am, by pumarketings
Market Summary Middle East tensions took centre stage in the global financial markets during the last session as Iran fired missiles at Israel, with further retaliation expected, heightening geopolitical risks. This event fueled demand for safe-haven assets, leading gold to surge by over 1%, approaching its peak. Similarly, oil prices spiked by more than 3%,Continue Reading
