Gold surged past the monumental $3,000 per ounce threshold for the first time ever on Friday, continuing its record-breaking rally as investors sought refuge from economic uncertainty. The precious metal climbed 2.94% in morning trading to reach $3.85 per ounce, just a day after surpassing its previous high from late February. Spot gold was up…
BEIJING — Mainland Chinese investors are pouring into the Hong Kong stock market at unprecedented levels, driving record purchases as the Hang Seng Index hovers near three-year highs. On Monday, net mainland Chinese purchases of Hong Kong stocks hit a record HK$29.62 billion ($3.81 billion), according to Wind Information data. This marks the highest level…
Stocks Rebound Amid Tariff Exemption for Automakers Wall Street staged a strong recovery on Wednesday after consecutive losses, buoyed by news that the White House would delay tariffs on automakers. This move provided optimism for potential further exemptions, lifting investor sentiment. The Dow Jones Industrial Average jumped 438 points, or 1%, after plunging more than…
🔎 Mining Meets Politics! President Donald Trump is putting copper at the center of his domestic minerals strategy, aiming to revitalize the U.S. mining industry while raising concerns among environmental groups. His latest executive order calls for boosting copper production, investigating national security risks tied to imports, and considering tariffs to strengthen domestic supply chains….
📉 Stock Slump Alert! Asian shares plummeted on Friday as doubts over the artificial intelligence (AI) boom and renewed U.S. tariffs sent shockwaves through global markets. Major indexes in Japan, Hong Kong, and South Korea all fell over 2%, following Wall Street’s sharp decline. đź’Ą What’s Behind the Market Meltdown? AI Bubble Concerns 🤖💠–…
The global cannabis industry is set for a major transformation in 2025 as more nations move toward legalizing cannabis for medical, recreational, and industrial use. This shift is driven by evolving public opinions, economic incentives, and changing international policies. Below is an overview of key countries on the brink of legalization and the potential impact…
Tech Giant Faces €3bn Tax Dispute Over Non-EU SalesItalian tax authorities have accused Amazon of evading €1.2 billion in VAT payments, marking another major European crackdown on Big Tech’s tax practices. The claim involves sales of goods from China and other non-EU countries through Amazon’s platform between 2019 and 2021, according to sources familiar with…
Macro Equities: Earnings This Week: FX & Commodities: Fixed Income: 📊 Investors await US CPI data and Powell’s testimony for further insights. Disclaimer: This content is for informational purposes only and does not constitute financial, investment, or trading advice. Market conditions are subject to change, and past performance is not indicative of future results.
🔹 Goldman Sachs’ Chief US Equity Strategist David J. Kostin flags tariffs as a key downside risk for the S&P 500 earnings forecast in 2025. 🔹 Q4 2024 Earnings: The S&P 500 saw 12% YoY growth in earnings per share (EPS), surpassing expectations of 8%—but new tariffs could harm future earnings. 🔹 Tariff Increases Ahead:…
The recent Goldman Sachs report (January 29, 2025) analyzes equity market dynamics following a 3.5% correction in the “Magnificent 7” tech stocks. Here are the key insights: Market Context and Outlook Concentration Risks Emerging Challenges Investor Positioning and Opportunities Forecasts and Strategy Tactical Recommendations: The report concludes that while structural supports remain, investors should use…
