Gold prices rise on bets of no more Fed rate hikes, but gains limited

Investing.com– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite., as widely expected, on Wednesday. But comments from Fed Chair Jerome Powell saw markets pricing in a diminished … Read more

Dow’s 100-point rally led by gains in Microsoft, Intel stocks

Powered by strong returns for shares of Microsoft and Intel, the Dow Jones Industrial Average is climbing Wednesday afternoon. The Dow DJIA, +0.25% was most recently trading 103 points (0.3%) higher, as shares of Microsoft MSFT, +1.95% and Intel INTC, +1.65% are contributing to the blue-chip gauge’s intraday rally. Microsoft’s shares are up $6.60, or … Read more

Dow’s 100-point rally highlighted by gains for Microsoft, Boeing shares

Led by positive growth for shares of Microsoft and Boeing, the Dow Jones Industrial Average is trading up Wednesday morning. Shares of Microsoft MSFT, +2.35% and Boeing BA, +1.82% are contributing to the index’s intraday rally, as the Dow DJIA, +0.57% was most recently trading 100 points, or 0.3%, higher. Microsoft’s shares are up $5.22 … Read more

Asian shares track Wall Street gains ahead of Fed decision on interest rates

People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov.1, 2023 in Tokyo. Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month. (AP Photo/Shuji Kajiyama)People walk past an electronic stock board showing … Read more

Asian stocks trade mixed, Japan’s Nikkei leads gains ahead of Fed rate decision

Most Asian equities trade on a flat note ahead of the Federal Open Market Committee (FOMC) meeting. The downbeat China’s Caixin Manufacturing PMI added worries about sluggish economic conditions in China. Japan’s Nikkei leads gains after the Japanese top currency diplomat came out with verbal intervention. The FOMC rate decision will be closely watched event … Read more

Asia markets set for gains, all eyes on Fed decision

Investors should stay defensive as the year end approaches, according to Dubravko Lakos-Bujas, chief global equity strategist at JPMorgan. The strategist said that the lagged effects of the Federal Reserve’s interest rate hikes will be more dramatic than traders are currently expecting, and urged investors to hold cash and move into more resilient parts of … Read more

Despite two positive days for the market, Cramer worries the gains may be temporary

Even though the major indexes saw gains over the past two days, Cramer asserted that these positives may rely on the results of the Federal Reserve’s Wednesday meeting.on Tuesday worried about the sustainability of the recent market action. Even though the major indexes saw gains over the past two days, Cramer asserted that these positives … Read more

XAU/USD appears to be consolidating and building a base for further gains

Strategists at ANZ Bank analyze the yellow metal’s outlook. Israel’s limited ground offensive in Gaza saw haven demand soften Israel’s limited ground offensive in Gaza saw haven demand soften. Gold had pushed above $2,000 on Friday, but it was not able to hold those gains on Monday. Nevertheless, Gold does appear to be consolidating and … Read more

Downward pressure on Yuan to persist before economic growth gains a solid footing

Weak PMI The official manufacturing PMI fell below the 50 neutral mark to 49.5 after it increased to 50.2 in September. Further, the official non-manufacturing PMIs for October eased back to 50. 6 from 51.7 in September. The downward pressure on CNY will likely persist before economic growth decisively gains a solid footing. In the … Read more