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[Yahoo/Bloomberg] Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap [Yahoo/Bloomberg] Oil Edges Higher in Tight Range as Traders Weigh China Outlook [Reuters] Currency markets steady before US inflation test [Reuters] Israeli forces push into Gaza from north and south [Yahoo/Bloomberg] Bond Traders Await US Inflation Data Behind Half of 2024’s Rout [Yahoo/Bloomberg] […]
[Reuters] Israel pushes back into northern Gaza, ups military pressure on Rafah [Yahoo/Bloomberg] Russia Says Residential Tower Hit After Volgograd Drone Strike [Yahoo/Bloomberg] Cooling Core Inflation Will Offer Minimal Relief to the Fed [Yahoo Finance] Inflation and consumer spending updates ahead: What to know this week [Yahoo Finance] Fed officials stick to Powell’s higher-for-longer script […]
Do the Right Thing This week, International Monetary Fund Managing Director Kristalina Georgieva observed a critical change in the global fiscal tide. Servicing U.S. debt now consumes more than 17% of federal revenue and is rising rapidly. That compares to the good old days, as recently as 2015, when debt servicing was still too high, […]
[AP] Solar storm hits Earth, producing colorful light shows across Northern Hemisphere [Reuters] Musk’s Starlink satellites disrupted by major solar storm [Reuters] Israel orders Palestinians to evacuate from more areas of Gaza’s Rafah [Reuters] Five killed in Ukrainian strikes on Russian border regions, Donetsk, officials say [Reuters] Fierce fighting rages in Ukraine’s Kharkiv region as […]
A week after Chair Powell encouraged the markets to keep running, run they did. The KBW Bank Index jumped 2.7% this week, the DJIA 2.2%, the S&P400 Midcaps 2.2%, the Semiconductors 1.9%, and the S&P500 1.9%. The Fed apparently has no issues with a conspicuous equities speculative Bubble. No problem with a highly levered “basis […]
[Yahoo/Bloomberg] Stocks Rally Pushes On With Fed Speakers in Focus: Markets Wrap [Yahoo/Bloomberg] Gold at more than two-week high on US rate-cut bets [Yahoo/Bloomberg] Oil Extends Two-Day Climb on Renewed Optimism for US Rate Cuts [Reuters] JGB yields rise on weak auction; BOJ rate outlook eyed [Yahoo/Bloomberg] Yen’s Fragility Raises Specter of a New Currency […]
Here’s our weekly report on the price moves of precious metals for May 8. As of this recording, here is where precious metals stand: Gold is currently $2,308, down slightly after a mild correction and bounce. The silver price is at $27.32, a strong week following a 50% retracement. The platinum price is at $976, […]
[Yahoo/Bloomberg] Stocks, Bonds Slip as Traders Seek Fresh Impetus: Markets Wrap [Yahoo/Bloomberg] Oil Ticks Higher as Traders Digest Mixed US Inventory Snapshot [Yahoo/Bloomberg] Bitcoin’s Longest Losing Streak of 2024 Casts Cloud Over Crypto [Yahoo/Bloomberg] Texas Spot Power Prices Jump Almost 100-Fold on Tight Supply [Yahoo/Bloomberg] Bad Weather and War Are Straining the World’s Wheat Supply […]
