Yearly Archives: 2024
Gold Price Soar on Geopolitical Tension
Written on October 16, 2024 at 5:39 am, by pumarketings
Market Summary Wall Street saw a retracement in the last session, with a similar sentiment spreading to the Asian markets during the Tokyo session, where the Chinese equity market led the decline. This sell-off is believed to have been triggered by ASML, the world’s most advanced chip making machines manufacturer, missing its earnings target, indicatingContinue Reading
Wall Street Bullish as Market Confidence on Earnings Performance
Written on October 15, 2024 at 5:39 am, by pumarketings
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment dampened by aContinue Reading
Dollar Holds Firm, But Will the Strength Persist?
Written on October 14, 2024 at 3:48 am, by pumarketings
Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts. Investors are now awaiting retail sales data and earnings reports for furtherContinue Reading
