UBS sees no RBA cuts until late 2027 as AI boom fuels inflation, growth slowing to 1.4% !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
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Hong Kong will on Friday release Q3 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. Source link
Iran’s state IRNA news agency reports: “Official sources have confirmed that Sirik in Hormozgan Province has been targeted minutes ago by the enemy”. There were reports earlier of explosions being heard in Sirik and it was confirmed. Importantly, the confirmation suggests that state media might be looking to highlight the attack, perhaps in preparation for
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The Switzerland stock market closed on a firm note on Thursday after moving in a narrow range modestly above the flat line throught the session session. Source link
Crude oil futures trying to keep a technical ceiling in place. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
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Partly reflecting the impact of high mortgage rates, the National Association of Realtors released a report on Thursday showing a steep drop in existing home sales in the U.S. in the month of October. NAR said existing home sales plunged by 5.5 percent to an annual rate of 3.75 million in October after jumping by
Nvidia CEO Jensen Huang’s Resignation Delivered a Major Shock to the AI Industry, While Rising Oil Prices and Government Bond Yields Added to Concerns Over the Broader Investment Environment Today’s themes: Nvidia CEO Jensen Huang is stepping down, with CFO Colette Kress named interim CEO, and Nasdaq-100 futures fell around 1.3% to 28,105 ahead of
How could Japan shake up the global markets? Minutes from the Bank of Japan’s October meeting point to another rate hike in December, and it’s easy to see why. The weak yen and rising energy costs driven by Middle East tensions have pushed core inflation to 2.1% year over year in September, its highest level
Diversifying beyond lending Lloyds is also becoming less dependent on net interest income. Underlying other income rose 10% to £5 billion during the first nine months, helped by stronger customer activity, investment in strategic initiatives and the addition of Lloyds Wealth. This diversification is central to Accelerate 2030. Lloyds expects high-single-digit compound annual growth in
Shares of Siemens AG were gaining around 3 percent in the German trading after the company reported Thursday higher profit, revenues and orders in its fourth quarter, supported mainly by high demand for electrification, digitalization and Industrial AI, which is expected to drive future growth. Further, the German conglomerate raised dividend, issued positive outlook for
Mining production in South Africa fell sharply by 10.7% year-on-year in September 2026, following a revised 11.7% drop in August—the steepest annual contraction since October 2022. This was the fifth consecutive monthly decline and remained pronounced, reflecting broad-based weakness across most mineral categories. The largest negative contributions came from iron ore (-23.7%), coal (-13.4%), platinum
Gold erases post-midterms gains as higher real yields and US dollar hurt. What’s next? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
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TL;DR: Gold’s failed rebound favors a retest of the early-November low near 3,870, but a decisive breakdown may have to wait. Hawkish Fed repricing has already done much of its work, leaving little room for another big shift in rate expectations before the December 4 payrolls unless a fresh catalyst arrives. Why Might Gold Retest
