Wall Street Rallies as Earnings Season Takes Center Stage
Published: Monday, 14 October 2024 12:47 | 
| 
|
The stock market is reaching new highs as investors anticipate positive earnings reports from major companies. Despite lower forecasts for third-quarter results, there's optimism that companies will surpass expectations, potentially validating the belief in a soft economic landing. With limited economic data available, corporate earnings are expected to be the primary driver of market sentiment in the coming days.
China Signals Economic Boost, Commodity Markets Respond
Published: Monday, 14 October 2024 09:51 | |
| China's finance ministry has pledged increased support for the country's struggling economy, particularly focusing on the property sector and local government debt. While no specific fiscal stimulus measures were announced, the commitment to bolster growth has steadied commodity prices, with iron ore futures showing a notable recovery. Investors remain cautiously optimistic, hoping for more concrete actions to stimulate demand and counteract the ongoing real estate downturn.
Gold Holds Steady as China's Stimulus Falls Short of Expectations
Published: Monday, 14 October 2024 09:44 | |
| Gold prices remained steady near one-week highs on Monday as China's underwhelming fiscal stimulus dampened risk appetite. Investors are now focusing on comments from U.S. Federal Reserve officials for insights into future interest rate decisions, while weak Chinese economic data presents a mixed outlook for gold demand.
Fed's Rate Cut Plan: What It Means for Gold Investors
Published: Friday, 11 October 2024 02:56 | |
| Find out why gold investors are excited about the Fed's latest move... and what it could mean for you and your portfolio.
Survey Reveals Gold's Enduring Popularity Among German Investors
Published: Friday, 11 October 2024 02:21 | |
| Despite a recent decline in gold purchases, gold remains the third most popular investment in Germany after savings accounts and equities. A World Gold Council survey revealed that 28% of Germans currently invest in gold, with many viewing it as an accessible and inflation-resistant asset. The recent slump in demand is attributed to higher prices prompting some investors to sell rather than a loss of interest in gold.