Category: Data

January 16, 2024 BY Elizabeth Anderson

China’s economy slow off the mark in 2024

Chow Tai’s managing director, Kent Wong, noted that consumers and investors alike are turning away from precious jewels and instead opting for gold consumption, a move that suggests little confidence in national and global financial stability. Although gold purchases are increasing as diamond and gemstone sales decrease, Wong’s statement suggested that consumer confidence would return…

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January 12, 2024 BY Elizabeth Anderson

Movements in China’s imports and exports may give its economy a much-needed boost

According to Reuters, Chinese policymakers are relieved about the uptick in global trade as it could signal lower borrowing costs. Others, however, are quick to point out that the second-largest global economy still faces issues in its property market, overly careful consumers, and geopolitical hurdles that may hobble any gains. The year-on-year December comparison between…

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January 04, 2024 BY Elizabeth Anderson

BYD plagued by shorting as EV market competition spikes

According to Bloomberg, IHS Market information indicates short interest on BYD shares hovers around the 5.5% mark as of 1 January. Despite delivering more electric vehicles (EVs) than competitor Tesla Inc. (TSLA) in the last quarter of 2023, the put-call ratio reflects increasing cynicism in the ranks of options traders. Regarded as a forerunner in…

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January 02, 2024 BY Elizabeth Anderson

The S&P 500 enters 2024 on a 9-week high

According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…

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December 22, 2023 BY Elizabeth Anderson

Gold prices rising again after 2-week low

The markets are eager to see the November core personal consumption expenditure (PCE) price index report, due early this afternoon, which will disclose the Fed’s take on underlying inflation. Having said that, Fed officials deflected the notion of quickfire rate cuts in Q1 2024, but this does not seem to have deterred the market outlook.…

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December 14, 2023 BY Elizabeth Anderson

Aussie gains on strong jobs report after Fed’s dovish message

The increase in the participation rate resulted in the jobless rate ticking up from 3.8%, as the estimated 61,500 new jobs created in November were insufficient to maintain the previous unemployment rate. Although the jobless rate rose to 3.9% in November, the highest since April 2022, investors will likely prefer to focus on the surge…

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December 07, 2023 BY Elizabeth Anderson

Broadcom shares exceeding expectations for 12 consecutive months

Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…

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October 25, 2023 BY Elizabeth Anderson

US Dollar pulls back after rocky week outlook

The dollar index, which measures the US currency against its major peers, was bolstered by the Euro's decline, marking a 0.33% uptick to 105.95, recovering from an earlier dip to 105.35, the lowest since September 222. On the other hand, the Euro's performance was not as robust, with a noted rise of only 0.47% to…

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September 22, 2023 BY Elizabeth Anderson

Instacart stock hit a few bumps after its market debut

The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…

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August 31, 2023 BY Elizabeth Anderson

U.S. Dollar finally outruns the cliff edge

Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment.  APAC Societe General and Global Head of FX Strategy, Kit Juckes noted:  If a…

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