Monthly Archives: December 2024
Gold Surge on Rising Geopolitical Issues
Written on December 10, 2024 at 5:45 am, by pumarketings
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and geopolitical tensions inContinue Reading
Dollar Rises on Jobs Data; Yen Gains on GDP Growth
Written on December 9, 2024 at 3:37 am, by pumarketings
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) release for furtherContinue Reading
Central Banks’ Rate Moves: Markets Brace for Impact
Written on December 6, 2024 at 6:56 am, by pumarketings
Tuesday, 10 December 2024, 05:30 – RBA Interest Rate Decision (Dec) In November 2024, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35%. The bank’s reasoning was that while inflation had significantly decreased from its 2022 peak, it was still above the target range. Headline inflation dropped to 2.8% inContinue Reading
