Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-751
DAILY MARKET NEWS - 17-04-2024
Federal Reserve officials, including Chair Jerome Powell, have pushed back on expectations for interest rate cuts this year, stating that monetary policy needs to...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-750
The G7 leaders have come out and strongly condemned Iran's retaliatory attack on Israel, involving over 300 drones and missiles. They expressed their full solidarity with Israel and committed to...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-747
China's electric vehicle market is becoming increasingly saturated, competitive, and evolving quickly, with automakers offering aggressive incentives while Tesla hikes prices. In the midst of this...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-744
After the highly anticipated Federal Reserve rate, multiple central banks decided on their next path in fiscal policy. The Swiss National Bank cut interest rates for the first time since June...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-742
Super Micro Computer, a tech infrastructure company riding the AI wave that was recently added to the main board, is raising capital through a two million common share offering underwritten by...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-735
The U.S. Treasury Department announced new initiatives on Tuesday to boost affordable housing. Updated rules will allow state and local governments to use remaining "American Rescue Plan" funds...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-734
China has set an ambitious 2024 economic growth target of around 5%, demonstrating a continued prioritisation of growth despite challenges from its property crisis and high local government debt...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-732
The US economy reported robust growth of 3.2% in Q4 2023, possibly driven by strong consumer spending, which will be confirmed today. Despite a weak start in 2024 due to bad weather, economists...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-731
U.S. consumers were shown to have lost some confidence in February as they worried more about jobs and the election, even with slower inflation. The Conference Board’s reported index fell to...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-724
After Germany, now Japan's economy has also fallen into recession, with a 0.4% annualised decline in Q4 2023, raising doubts about the prior central bank's plans to mess with its easy monetary...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-723
US consumer inflation came in a little bit higher than expected at 3.1% in January, which rattled hopes of March Fed rate cuts, despite a deceleration from December's reading. High rents are the...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-722
The recent data suggests that the labour market is standing strong despite multiple announcements of layoffs, especially in the technology and media industries, where tax codes have hurt the cost...
Visit our website for more updates and analysis: https://goldenbrokers.my/en/daily-market-news-720
According to the U.S. Energy Information Administration (EIA), U.S. power consumption will reach new records in 2024 and 2025. The latest report shows an increasing use of electricity for heat and...
Visit our website for more: https://goldenbrokers.my/en/daily-market-news-719
The RBA aligned itself with other central banks and market expectations by holding rates steady at 4.35%, citing persistent inflation concerns. Despite the recent slowdown, inflation remains "too high" and above...
Visit our website for more daily news: https://goldenbrokers.my/en/daily-market-news-717
Germany's GDP shrank 0.3% in the fourth quarter, incited by falling domestic spending and high inflation, especially energy costs, that could prompt another round of recession. Output has stalled over the...
Visit our website: https://goldenbrokers.my/en/daily-market-news-710
China's 2023 growth edges past targets, but December data hints at continued cooling. Although economic growth exceeded the government's 5% forecast, China's economic expansion faltered in the fourth quarter, with a weak...
Visit our website: https://goldenbrokers.my/en/daily-market-news-709
The tech industry is reeling under a surprise tax bill, and thousands of people have already been caught in the layoff storm as R&D investment plummets. A 2022 tax change, forcing amortisation of software development costs...
Visit our website: https://goldenbrokers.my/en/daily-market-news-708
Headline inflation ticked up in December, although core inflation showed signs of cooling, leaving the Federal Reserve on the fence. While the market initially reacted negatively, expectations for rate cuts soon returned, with...
Visit our website: https://goldenbrokers.my/en/daily-market-news-706
A surging electronics sector and anticipation of cheaper borrowing costs likely extended China's export rebound for a second month in December, painting a glimmer of hope for a 2024 global trade revival. While ongoing...
Visit our website: https://goldenbrokers.my/en/daily-market-news-705
Cryptocurrency investors' optimism mounts as the SEC decides on Wednesday whether to approve spot Bitcoin exchange-traded funds (ETFs). Major players like BlackRock, Grayscale, and Fidelity met Monday’s application deadline...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.